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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 554731 times)
hypersire
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May 26, 2014, 01:57:52 PM
 #961

Quote from: MemoryShock link=topic=579797.msg6856870#msg6856o0 date=1400689143
I think it's reasonable to calculate based on 100% distribution.  I certainly am not going to calculate marketcap based on 10% fire sale by founders.  Regardless of specific #'s, I'm referring to potential returns for those that participated in the IPO and why the current price is below that mark.

Coinmarketcap.com uses the amount of coin in circulation rather than the amount of coin that will eventually be in circulation.  So the current market cap of Maidsafe is $ 4,917,225 based on the amount of coins which were distributed during the IPO...which is 452,552,412 MAID coins.

So the amount of Safecoins that will exist when the Safe Network goes live will be roughly four and a half million - the same as above.  Demand for them will theoretically be a bit more than it is now and that will cause a bump in the price.  Not sure how much though...

I thought that MAID coins are going to be exchanged for safe coins at a 1:1 ratio. Shouldn't there be an equal amount of safecoins as MSAFE when the network goes live? The strange thing is how there was so much demand for MSAFE when their IPO started, but as soon as the coins could be traded, the mastercoin investors have been dumping. It looks like most of the interest in their project was from people looking for a quick profit. Demand for safecoins might even be lower, especially if safecoin doesn't live up to the expectations from the whitepaper.
The MaidSafe team failed to keep touch with the investors. It seems that they  leaved us after the IPO.

This is nonsense, they don't post here because they have their own forums and given the level of the comments here I certainly don't blame them.

And I predict the exact opposite. If you look at where the world is heading and the increase in encrypted internet traffic since the nsa scandal broke and the popularity of all these "anonymous" coins, I expect the value of Safecoins to skyrocket in the future.
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May 26, 2014, 02:13:41 PM
 #962

There's no guarantee that safecoin will even come to fruition, so I don't know how one can expect it's price to skyrocket. It's not like other cryptos that are already being mined and circulated. It's an idea that hasn't been tested in the field yet. Even the devs admit that they're not sure how many aspects of their system will work until they are able to have a test network up. If the idea is so popular, why do you think people who wanted to get into the IPO but couldn't, aren't rushing to buy MSAFE right now at a Deeply discounted price?

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May 26, 2014, 03:01:05 PM
 #963

There's no guarantee that safecoin will even come to fruition, so I don't know how one can expect it's price to skyrocket. It's not like other cryptos that are already being mined and circulated. It's an idea that hasn't been tested in the field yet. Even the devs admit that they're not sure how many aspects of their system will work until they are able to have a test network up. If the idea is so popular, why do you think people who wanted to get into the IPO but couldn't, aren't rushing to buy MSAFE right now at a Deeply discounted price?
For the same reason no one rushed to buy BTC at $450 they want to be sure that it's only going up!

 

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May 27, 2014, 06:26:07 AM
 #964

There's no guarantee that safecoin will even come to fruition, so I don't know how one can expect it's price to skyrocket. It's not like other cryptos that are already being mined and circulated. It's an idea that hasn't been tested in the field yet. Even the devs admit that they're not sure how many aspects of their system will work until they are able to have a test network up. If the idea is so popular, why do you think people who wanted to get into the IPO but couldn't, aren't rushing to buy MSAFE right now at a Deeply discounted price?

For the exact same reason people weren't rushing in buying Bitcoin after it crashed back to $2 after the rise to $30 - most don't understand the full implications of a system like this. They will, eventually.
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May 27, 2014, 03:26:25 PM
 #965

When will we be able to swap maidsafecoin for safecoin?

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May 28, 2014, 03:02:37 AM
 #966

When will we be able to swap maidsafecoin for safecoin?

I remember reading somewhere to expect at least 3 or 4 months before the SAFE network goes live and we'll be able to exchange for safecoin. However, given that they predicted the testnet would be up about 30 days after the start of the IPO, I wouldn't hold my breath if I were you.

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May 29, 2014, 08:17:20 PM
 #967

Subbed.
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June 01, 2014, 03:00:49 PM
 #968

Some more maidsafe press:

http://www.businessinsider.com/these-guys-are-creating-a-new-internet-2014-5

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June 01, 2014, 09:28:00 PM
 #969


Reddit submission to vote on:
http://www.reddit.com/r/Bitcoin/comments/2723i9/these_guys_are_creating_a_new_internet_using/


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June 02, 2014, 12:15:36 AM
 #970

I dont fully understand MaidSafe, can anyone explain the difference between maidsafe and NXT?  They seem to be very similar.
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June 02, 2014, 12:25:10 AM
 #971

Thanks. also read the article makes more sense now
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June 02, 2014, 01:05:20 AM
 #972

This is the biggest scam of all. 6 millons for what? For nothing, just one amateur video and a lot of promises.
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June 02, 2014, 01:21:16 AM
 #973

This is the biggest scam of all. 6 millons for what? For nothing, just one amateur video and a lot of promises.

People who weren't buying into the IPO to make a few bucks in the immediate days knew that the Safe Network wouldn't be ready for several months.

There is lots of activity not occurring on bitcointalk...and news articles.  Take it with a grain of salt; I am not posting the links to change your mind...but there is more happening than just "For nothing, just one amateur video and a lot of promises."

https://www.maidsafe.org/top

http://www.lenconnect.com/article/20140601/NEWS/306019996/-1/sports

http://siliconangle.com/blog/2014/05/30/is-maidsafe-really-the-bitcoin-of-data/

http://cointelegraph.com/news/111563/500_plus_developers_sign_up_for_maidsafe_s_project_safe

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June 02, 2014, 03:01:06 AM
 #974


That's kind of neat since it is on businessinsider
Scottish company
Also it reminds me of Cern research into the Web.

Kind of worried in September about Supply but it will be interesting to see the beta running
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June 02, 2014, 03:28:02 PM
 #975

Kind of worried in September about Supply but it will be interesting to see the beta running

Nick confirmed that the supply quote was misleading...I was caught by surprise by it as well...

http://safecointalk.org/index.php/topic,85.0.html

(Note to everyone else - Dev is active and available for reasonable interactions)

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June 03, 2014, 11:46:18 PM
 #976

status?
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June 04, 2014, 12:04:03 AM
 #977

status?

Still in active development...

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June 04, 2014, 12:11:22 PM
 #978

status?
Still in active development...

And now you realise how stupid it is to send money to a project that is not finished.

What if it takes years to develop ?

What if a competitor release its product before ?

What if competitors are better ?

Have you considered the fact having money frozen for unknown duration is like losing money ?
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June 04, 2014, 12:39:44 PM
 #979

status?
Still in active development...

And now you realise how stupid it is to send money to a project that is not finished.

What if it takes years to develop ?

What if a competitor release its product before ?

What if competitors are better ?

Have you considered the fact having money frozen for unknown duration is like losing money ?


There's definitely a large risk involved with investing in a company like maidsafe. But there's also the chance of a big reward if the SAFE network becomes a hit. It does appear from reading various development forums that they're closer to releasing a finished product than any of their competitors.

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June 04, 2014, 05:37:40 PM
 #980

And now you realise how stupid it is to send money to a project that is not finished.

I knew what I was sending money to.  I knew that there would be nothing tangible until October-ish.

Quote
What if it takes years to develop ?

I would be impressed that their estimates were so far off of the mark.  But I read their forums and don't think it will be years...

Quote
What if a competitor release its product before ?

There is actually a thread where they have a list of projects similar in nature to theirs...nothing quite as comprehensive is in the works (that is known, admittedly) and nothing on their timeline.  Could happen though but I'm not seeing it.

Quote
What if competitors are better ?

Then we still get a decentralized internet.

Quote
Have you considered the fact having money frozen for unknown duration is like losing money ?

Not a day trader and interest from a bank account is negligible...

Look...I like the project.  I sent a modest amount.  I would like to see that back but the thing that doesn't change is that I like the project.  People invest for many different reasons and sometimes it's to see good people do good things.  I didn't invest my life savings and if they stopped everything right now I would not suffer at all for losing it.  But if it works, not only do I get to play with something really cool, I could see a decent ROI.  Risk vs reward is in my favor here, in my opinion.

Have a good one...

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