Only if it goes lower, its been here in the last few weeks and rose again. This is not even the time for the steady rise towards halving.
Looks like that substratum project bit the dust, one “decentralized web” project that has failed, supposedly they released a buggy node after 2.5 years:
No doubt the guys at the top of this had a wonderful time. When I first saw it, it didn’t pass my “gut feeling” test
Yeah apparently the head of substratum group is a 4 time convicted felon. Crazy they raised like $14 mil, what a huge loss for the funders of that effort. Compared to MaidSafe which raised like 7 million(but dwindled to 6 because of master coin flop) goes to show at least how well MaidSafe has been at managing money to sustain as long as they have. Fingers crossed our little team delivers on some goods and come out on top .
It was a bit worse than that for us £3.3 million from the crowdsale. The mix of mastercoin and then immediate bitcoin deflation in price hit us with a double whammy. Lucky for us we are pretty good at managing the money we have. No fancy parties or huge wages/bonuses for us. We are on a mission and I think this is key, the fundamentals and vision are key for us and we mean them and live by them. It makes us stronger in many ways, but does mean we have to be ever diligent which is a good thing, but makes the journey a bit harder. I feel it is worth the pain/pressure of managing resources though. It keeps us lean, but sometimes it would be great to have more funds to be able to sub-contract some things and so on, or just go to loads of presentations/talks and conferences. However I think getting the job done is more important, so we limit all of that, probably too much, but we need to work like this. As we say here we work with what we have and work hard.
Updates make it easy for us to validate what we are doing weekly and I wish every project in this field did likewise.
Thanks for the insight, most articles have it a bit wrong then in their info on MaidSafe in the early days. Fully agree that learning how to run lean in these small startup years will pay off later when yah deliver on this network and a great chance larger funding becomes readily available through a variety of means.
A timely reminder that market cap can be completely driven by hype in crypto… Or at least it could be during the boom.
It was obvious to a lot of folk that substratum was promising the earth, without much evidence of how they would get there. Quite the contrast to Maidsafe, who always appeared to have a strong grasp on the goals and the technicals to get there.
I think we are now seeing the projects with quality shot through them starting to deliver. Those without are starting to go to the wall.
My skill seems to be finding the ‘real deal’, and David and Maidsafe are without doubt that. It’s a privilege to be on this journey with them and this community.
Thanks David. Thank you very much.
Another web 3.0 project:
Bear fud is back. Is it warranted?
Question: What will happen to BAT if the SAFE Network offers PtC rewards (Pay the Client) when users opt in to viewing ads in a hypothetical future release of the SAFE browser?
Answer: The same thing that will happen to all the other crypto projects after SAFE goes mainstream.
They say gold is the canary in the economic mine. Looks like its ready to start singing again.
If you bought Krugerrand / Britannias 10 years ago you would have outperformed banks, but not crypto.
I’d say start stacking gold and silver… but why do that when you can stack sats.
There is a private mint in Singapore that makes bullion (Copper, Silver, Gold) coins as a crypto cold storage solution. I’m not sure about the security (not qualified to judge) but i think it’s a savvy way to introduce crypto.
The owner of https://coldstoragecoins.com/ testified in US Congress a few years ago, “Parallel Currencies: the Roadmap to Monetary Freedom” for the United States House Financial Services Domestic Monetary Policy subcommittee a few years back.
Rob Gray @ Ron Paul’s Final Domestic Monetary Policy Hearing (6 mins, 30)
Anyone else think BTC will bounce off the MA at ~$9100 and then resume the bull market? Thoughts?
The crypto media is full of hype stories.
10K is the new 1K
BTC going to 100K
Lot’s of similar excitement at the $20,000 peak.
Looking at the volumes, it looks like the crypto aware or new money have started to lose
interest. They have bought in and are waiting for the price to go higher, … , but they were
the reason in the rise.
$BTC does have it’s uses, but it doesn’t have a built in use like $MAID.
I think $BTCs are going to be heading back down, and people will be piling in to ALTS
Thanks for sharing that Zoki. My intuition is telling me based off from prior trading history (which could change) the price would most likely bounce there as it would be seen as technical support and a spanking “deal”. I can’t imagine the institutions or whoever drove the price up would destroy previous technicals and therefore people’s faith in the market when there is almost unlimited upside potential. But we shall see.