MaidSafe Coin (MAIDUSD)

[mc67]

..go argue w/yourself..

[inversor86]

Hey RM, just an FYI, the only mod on the Lightwave board who pulls your posts is 236. I try to get them restored sometimes but this place is an oligarchy and 236 has a full paid membership, site admins don't mess with payers.

[mc67]

Proto.. I
have to post here.. one post a day over there..
https://investorshub.advfn.com/boards/most_read.aspx?p=h

[SteveSchiets]

Going higher....

[SteveSchiets]

We should see a big update today

[SteveSchiets]

Good interview

[mackwheaton]

No rush, thanks.

[SteveSchiets]

Work and lightwave is taking all my time. Will take a look and report back here.

[mackwheaton]

Any new progress? Very quiet.

[SteveSchiets]

You can buy maidsafe coins on exchanges for coins, not stock exchanges. for example I bought mine at poloniex.com

[angeloh]

Cyrptos can't be traded via eTrade..?

Nothing comes up with MAIDUSD..?

[SteveSchiets]

Really great write up on what Maidsafe is trying to build.

[SteveSchiets]

https://coincentral.com/what-is-maidsafecoin-beginners-guide/amp/?__twitter_impression=true

[SteveSchiets]

Bought more at .40

[SteveSchiets]

Proto, I bought my coins on the poloniex.com exchange. First I had to buy Bitcoins on the btcdirect and then transfer the bitcoins to exchange them for maidsafe coin. Doing at this for the first time is quite time consuming and frustrating. One's you know how to deal with it, it more relaxing.

[prototype_101]

Steve, where do you buy MAID coins, or can you just trade MAID as a stock? If coins only, what is buy in fee %?

[prototype_101]

Steve, while the decentralized data or ant farm concept of data storage sounds better from the perspective of eliminating the monopoly style data kings like google so they can't take advantage of our data, our habits, our privacy, I have some questions

1) what happens if individual nodes go dark, people's phones and computers get shut down at night etc?

2) what happens if individuals change/upgrade devices, will data be lost if not transferred properly to newer devices?

3) how is data redundancy built into a decentralized network?

4) is speed of data flow compromised by running through these individual nodes?

5) if this is supposed to replace the internet, what happens to individuals who just want to access data but not be farmers?

Thinking about buying a few just to have some action in the world of cryptos

[SteveSchiets]

https://www.blockchaintechnology-news.com/2018/01/29/autonomous-vehicles-data-ownership-drivers-rights/

[SteveSchiets]

The New Internet Shouldn't Be Blockchain-Based

[SteveSchiets]

India offices will open at 22nd

https://safenetforum.org/t/maidsafe-dev-update-january-18-2018/20663/18

[mackwheaton]

Parallel tracks, down to anticipated releases (early 2018)

[SteveSchiets]

Competition is a company named Substratum. Almost same valuation. Need more DD

[SteveSchiets]

Thx mac, i have my coins on poloniex. Huge spreads between websites offering maidsafe coins. This was my text message post yesterday to a friend.

Hitbtc MAID/BTC $ 0.82043683
Poloniex MAID/BTC $ 1.0052027

[mackwheaton]

Thanks Steve, will check it out this weekend. I think you are right about a correction, keep some dry powder.

https://amp.businessinsider.com/one-chart-should-strike-fear-into-the-heart-of-every-bitcoin-bull-2018-1?__twitter_impression=true

[mackwheaton]

Thanks Steve, Will get into it this weekend, in the meantime, keep some dry powder, I think you are on target about a correction.

https://amp.businessinsider.com/one-chart-should-strike-fear-into-the-heart-of-every-bitcoin-bull-2018-1?__twitter_impression=true

Seems to me SafeCoin has a much better (safer) model but BitCoin will drag down the entire market.

[SteveSchiets]

Things really get interesting at around 01H05min

https://soundcloud.com/safecrossroads/ep-34-whats-to-profit-with-nick-lambert

[SAFE Beaker Browser post]

safenetforum.org/t/safe-beaker-br…e-0-2-7/11214/18

So lets say that in the most optimist scenario possible, SafeNetwork becomes the standard of IoT + SafeCoin ends up replacing cash worldwide. That would potentially make the Marketcap of SafeNetwork be worth 94 trillion dollars.
That would make each Safecoin be worth $21886.08 USD.

https://safenetforum.org/t/safecoin-divisibility-safenetwork-potential-market-cap/14580

[SteveSchiets]

Im working overtime mack. I just listened to eq #34 of the podcast crossroads. Cto Nick is saying some great things. In a way they are adressing a 5 trillion dollar market. Lol

You have to give it some thought and time. Listen twice, then listen some more...i know i will tomorrow. Grtz steve

[mackwheaton]

Thanks for info Steve. IHub crashes limit my replies and access past few days.

[SteveSchiets]

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3537

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3543

 

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bones

1d

As others have noted we ( crypto ) often drop late / early in the year.
Imo anytime before spring when new money tends to pile in.
While we could drop in a correction.
I think we could have had out dip when we hit low 30s / high 29s cent us prices.
We may not see another big dip till after another influx.

Only time will tell.
People are gonna get burnt though.
Ive been telling ppl about maid for years but yet some have bought ripple. Not one ive ever liked.

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Michael_Hills

23h

? jeremyjpj0916:

Also if you look at the crypto market traditionally from Dec to Jan the last 4ish years you will see a pump in DEC and a decline in Jan

I think we’ve reached a new plateau. People say that crypto has become mainstream. And this might be true to some degree. But I think there is still a long way to go, and a lot more money to come, and a lot more people showing up.

I think the upward trend will last a while longer. It’s not quite time for disillusionment in any particular coin, at least not yet.

This is a young, exciting, wild market, full of dreamers wanting to cash out at BTC prices.

It will take some time for the great fall to begin. I do see another big surge coming, if the over inflated stock market has a tumble.

People will see crypto as a safe-haven for their dollars.

7 Likes

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Future

23h

Which price do you expect on Safecoin’s launch?

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Aquaphobia

23h

Hard to say, but probably around 30 euros. Maybe a bit more. Of course it would be a dream if he stood at 100 euros on the day of launch.

2 Likes

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majumba

19h

1 

(post withdrawn by author, will be automatically deleted in 24 hours unless flagged)

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jeremyjpj0916

18h

1 

 ?

I am gonna have to respectfully disagree here. I don’t classify rising speculation/price as adaption. The day I can go to a chain grocery store and pay with crypto currency without using some new trendy 3rd party company handling the crypto<-> fiat conversion then I will say we are mainstream ? . I always liked this pic below to sum it up best when we will know if its mainstream yet or not haha. I am also skeptical about crypto being the safe-haven, I personally think if stock market crashes people will take their gains in crypto out as well thus hurting the market out of pure fear. I do believe crypto would fair better though in a recession and bounce back nicely.

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image.jpg1058x904 170 KB

5 Likes

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Hagyomanyos

16h

Here’s a question: Are there any factors, primarily stemming from Safecoin’s future use in the Safe Network economy, that could potentially hinder it from reaching values in the hundreds or thousands of dollars? For example, the possibility that it may not be divisible?

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tobbetj

15h

As i understand from alot of topic discussions, it will be divisble. I think that the value of all data and transactions that will be stored and take place on the network will give it great value. I think of similarities to google. that their data is very valuable and so will all the secure data stored on the safe network also be valuable. Data is recognised as an asset class by world economic forum.

?

Sotros25

14h

 ?

? Future:

Which price do you expect on Safecoin’s launch?

Here’s one potential way of thinking about it with quick, back-of-the-envelope math. Let’s say the year is 2025 and 163 zettabytes of data are created that year. Assume that 1 billion Safecoin are in existence and that the SAFEnetwork has captured 5% of data storage market share. In such a scenario, one Safecoin could hypothetically buy 8.15 TB. Today you can get a TB of storage for ~$50. Even though I expect that by 2025 you’ll be able to get a TB of storage for far less, I’m going to hold the price constant for the security and reliability the SAFEnetwork provides. As @Hagyomanyos noted,

? tobbetj:

data is very valuable and so will all the secure data stored on the safe network also be valuable.

According to the assumptions above, the value of one Safecoin would be something like ~$400.

Now, if there are only 800M Safecoin in existence, then the price per coin would be ~$500. Similarly, if the SAFEnetwork has captured 10% of newly created storage, then the price would be ~$800 with 1B Safecoin in existence, or ~$1000 with 800M Safecoin in existence.

Perhaps the price of Safecoin at launch will reflect the potential value as it grows towards steady state with respectable market share capture. Also, I think the amount of data each Safecoin would/could need to store underscores just how important divisibility is unless Safecoins are burned and farmed at a blistering rate.

In general, I think these price estimates are supremely conservative because they don’t take into account all the other uses for Safecoin beyond data storage. Moreover, I should hope that circulation of 1B Safecoin would reflect a world in which the SAFEnetwork has captured at least 25% of the data storage market. Then we’d be talking a price ~$2000 per coin. ?

[SteveSchiets]

Some think in time this non cryptocurrenty will take on Google and Amazon. I believe here is a shot at this but its more a gut feeling. Sound doable. See next post why this coin can reach 2000

[SteveSchiets]

Very good video from 2015. Talking about farming in part 2 of the video.

[SteveSchiets]

Ok, i have now 2200 coins. Speculating on a blockchain market bubble to buy again

[mackwheaton]

Agreed on most counts Steve, the rest I know too little to say. Today it closed up 10% but looked like it dipped by nearly 20% at one point. Chart is bullish.

I may start by opening an account with an exchange and buying a few just to have a foot in the door. Agreed it's worth a small investment, their infrastructure is robust.

Thanks for the info.

[SteveSchiets]

If we hit 200$ with this coin it's 100 billion in marketcap

Google is about 770 Billion.

What a challenge!

[SteveSchiets]

That correction can't come soon enough because I want to buy more. Mack, I do agree the market cap is pretty high. But if you are trying to get an 2.0 internet without servers. Creating a network with an infrastructure for developers who create apps and websites. Plus getting paid for it using the Safemaid network. Due to using it you open up your network (cellphone, energy, storage, wifi, 4G), that's why you get paid in coins.

Nick Lambert (MAIDSafe) at IOT//EDI Nov, 2016 (at that time the safecoin was 7 cents)

This should be a good podcast with regards to valuation. I still need to listen.

https://soundcloud.com/safecrossroads/ep-34-whats-to-profit-with-nick-lambert

Were is that correction/crash? My first goal for the long term is 5000 coins. I only have 850 coins now. I think we should really look closely if a crash happens in general. I'm sure the majority of the coins will take a very big hit or even get vanished. Safecoin will hold up pretty good, imo. A lot of believers in there. Quality will survive.

[SteveSchiets]

Hey guys, no time here at work. Will post more later. I agree, after a correction this one is a screaming buy.

Check out the podcast eq 37 mark min 39.

[mackwheaton]

Think I will wait for a correction, but I do like their approach.

[mackwheaton]

Hey Steve, I googled MaidSafeCoin market cap, MaidSafecoin is $1.09 and market cap $493 million US. It would take 100 billion market cap to hit your numvers. Is my info bad?

https://coinmarketcap.com/currencies/maidsafecoin/

[Rambos_Monster]

I also wouldn't assume it's not a bubble for many reasons but it's going to get crazier to be sure. Volatility is wanted, manipulations will happen especially if....

http://ibankcoin.com/flyblog/2018/01/08/insane-bitcoin-etfs-coming-soon/#sthash.oxLHyO1L.dpbs

[SteveSchiets]

Yes Nick, then trade your btc for safeCoin. Gotta sleep now. Talk to you later

[Nickftw]

I followed you over here Steve. Have you purchased any MAID coins yet? It looks like I have to purchase BTC first and buy in Bittrex, which is kind of a hassle because I don't normally mess with BTC!

[SteveSchiets]

The crazy part of all this blockchain cryptocurrency madness is that I kick myself to be a non believer for so long. I missed out on a lot of money. But then again congrats to those that were 'early' and bought coins.

1000X gains and more. The fact is that I only had eyes for LWLG shares. I didn't loose money in 2017 but could have been in a much better position to hold some coins if newspapers didn't remind me it's all such a freaking bubble. Which it isn't btw. A lot of filtering is needed in order to have a clear view on what coins you can buy over the longer run and do very well.

No need for me to tell you I think this one MaidSafe is a top contender. And very cheap if you ask me. 500 mil marketcap is pretty 'normal' these days in the world of coins.

I really think you should take a look. This company is around for more then 10 years and tries to make the internet as we know it very safe and decentralized. No more Google and Facebook servers needed. And that's a pretty big statement. Tiny mine servers ----> your phones.

I think if you invest 2500 euro's into their safecoin today, you will be rich in a few years (1M plus). That's my belief.

I'm expecting a serious correction in bitcoin land and the ones not going 90% lower, these are the one to keep you eyes on. I know i will.

Good luck and enjoy,

Steve

the website is great and they have brilliant podcasts. So much info to take in, I can't believe it. Feels very 'Safe' investing.

https://soundcloud.com/safecrossroads
https://safenetforum.org/t/safe-crossroads-podcast-39-more-on-safe-apps-with-gabriel-viganotti/17621

https://maidsafe.net/

[SteveSchiets]

from 2016. Damn if only I knew back then.

https://www.alexfortin.com/top-5-crypto-currencies-invest-2016/


Maidsafe has been around for quite a while now. 10 years exactly and they finally launch their Alpha MVP this week. Maidsafe is a decentralize database.

Instead of storing data on your computer, with maidsafe you can encrypt and upload it on the decentralise server. That way no one person can access your data without your permission. It is 100% secure and it doesnt use any space.

This decentralise database will make it possibe for whistle blower to share information without having the fear of seeing the governement or other group censor them. It is the internet uncensored.

Again, the people behind maidsafe are real geniuses. When you listen to them, you know that their vision is the future. I am so excited to have the safenet working. Once the safenet goes live the crypto-currency behind their project should skyrocket to the moon. It already went 10x over the past few months but thats nothing compare to what is coming.

Maidsafe has the capacity to revoluionize the internet as we know it. They are really amazing. Only people in the crypto-world know them because they are in Alpha, but as soon as they are live ( a few months) You will see them on every newspaper.

Right now you can only purchase their temporary coins called MaidSafeCoin. Im not sure how the exchange process will work so that is the only thing stopping me from investing heavily in this one.

Current Market Cap: $46,466,724

Price: $0.10 US

Prediction: once they go live, their price will sky rocket to a few dollars for sure. I really think they can revolutionize the internet so their price should reflect that in the long term. 600$ in a few years.

[SteveSchiets]

I will buy next week. What a pain to get those coins