Disclaimer: I invested very heavily into maidsafe and also participated in Ethereum ICO, I hope maidsafe to be as successful as Ethereum.
I know that there are very different opinions regarding the launch of safecoin at the stage, some prefer the team to focus on getting the product right before creating safecoin.
I think otherwise, creating safecoin is really not such a big effort but has huge advantages, we can create genesis safecoin by disabling farming for the time being. Here are the huge advantages for creating safecoin now than doing later:
all top ten crytpos has their operating network, or at least a working coin layers (REP, GNT are all ERC 20 token, part of Ethereum eco etc), Maidsafe is the only coin that don’t have its own coin system (rely on Omini). This is critical, because most exchanges don’t support coin without their own coin network. That’s the main reason we don’t see many exchanges support maidsafe.
Safecoin without farming is ok. I understand the team want to do it in one go and launch safecoin once the network is fully functional. I think we should build it step by step, not to chase too many goals at the same time.
Safecoin creation will certainly help the marketcap, we will as least see safecoin to double its marketcap upon simple safecoin creation.
Higher marketcap will help kickstarting the ecosystem. I know there is controversy whether we should focus on marketcap. I think people definitely underestimate the importance of marketcap for a crypto project. A lot of investors allocate their fund based on marketcap and liquidity of coins, larger marketcap helps bring attention, developers, users and everything. Ethereum almost run out of money back in late 2015 and sudden increase of marketcap kickstart the ecosystem and finally save the project.
Maidsafe Inc only raised $2m from private placement and it took almost one month, I think it was really disappointing. If you look at ICO recently, shitty projects are able to raise 10m plus fund in just half an hour. With safecoin launch, it definitely would change maidsafe’s future and people will have more faith supporting maidsafe ecosystem.
We are not doing solo project but aim at creating the New Internet, but we are competing with capital, attention, developer mind shares with hundreds of crypto projects and we should move fast and more aggressively.
More capital flowing into safecoin ecosystem, we could start launching app ICO (look at Ethereum growth) and the positive feedback loop will further push the project forward.
I really can’t think of any downside for launching safecoin now.