Why the sudden spike?
.00007000 to .00016327 in less than a week and currently .00015323.
Here is a link to a few ideas on the latest increase. https://www.maidsafe.org/t/why-the-price-xplozion/2336/2
I think its simply because people are getting that aha moment, realizing that the success of this endeavor is a game changer at a fundamental level. What are your thoughts?
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Maidsafe's most recent spike hit nearly 17k satoshis per coin
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Posted on December 7, 2014 at 7:49 AM
There was just a podcast talking of Maidsafe: P2P Connects Us - Episode 6 You may find your answers there. What stuck in my mind was that many think they worry to much of the safety. Maybe is better you listen that podcast since i explained it wrong. Safety is a cryptocurrency niche. There will be always to cautious people that will think Bitcoin is just not safe enough and will search other safer options.
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Posted on December 7, 2014 at 8:05 AM
maidsafe is real busseness
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Posted on December 7, 2014 at 8:11 AM
Any ideas about the future price movement?
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Posted on December 7, 2014 at 8:32 AM
The price went up because it was mentioned on RT, except people are doing it wrong, buy on rumors sell on news.
This is all speculation and we have zero idea how much things will cost to store when the network is live. There will be one group, the investors, that bought coins before the network was live with the hope of the price going up, group two are the users, they want to store data and do not want it to cost a lot -they want a cheap price, and the farmers that offer to store the data they are going to want a good price, it the price is too high nobody will store anything on the network, too low and it wont be worth it for them. I see the either the investors or users getting the short end. I really like the concept behind maidsafe though.
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Posted on December 10, 2014 at 7:56 AM
@Theogoodman Many Investors/Speculators will also be users that are farmers. When MaidSafe had its crowd funding round earlier this year it interested me on a philosophical level. Many people interested in the SafeNetwork will come to it for varied reasons that are difficult to group, but the most common thread will be that they have a feeling the world needs this technology and it isn't going to be given to us by current entrenched power structures as it relieves them of power. Like any of the markets it will be toyed with by whales that bump the price up and down, not saying the latest bump is a whale but who knows.
From what I understand the pay mechanism for safe coin is going to be dynamic, which will represent a fluid response to the supply/demand of resources. Safe coins ultimate value will be based on the usefulness of the applications created within SafeNetwork and that is greatly dependent on the developers. It is exciting that this system has a built in way to quantify the value of apps and pay its developers accordingly.As I see it the SafeNetwork is a system whose value will only increase with time as it is developed into a private and secure internet for the world with all the bells and whistles of todays internet plus some new qualities that enable a built in robust economy that inspires a new level of System D. David Irvine has said the SafeNetwork will be one of many creating strength through diversity. This is an extremely complex and nuanced endeavor isn't it.
Last Edited: December 10, 2014 at 7:57 AM0 likes -
Posted on December 10, 2014 at 8:13 AM
I pertty much agree with what you are saying and share a simmilar interest in maidsafe, however I am not convinced this part will be true "Safe coins ultimate value will be based on the usefulness of the applications created within SafeNetwork" All of these ideas about who will be a farmer, user and investior are all up in the air and I see no reason why the current price should be supported, there is zero reason to think so since there is zero data on apps, users, farmers in relation to the ammount of coins (a massive ammount of maidsafe coins huh?)
http://nakamotoinstitute.org/mempool/appcoins-are-snake-oil/ Allthough I dont agree with everything at the nakamotoinsitute I do tend to agree with them in this article that there are some serious issues with "appcoins" but hey time will tell right?This is also an interesing comment, allthough not directly about maidsafe: "Bootstrapping the community?
During the Q&A portion of the panel discussion, Swarm’s Joel Dietz asked Barisser and Maxwell about the idea that alternative token systems could bootstrap a community around specific applications or use cases for digital currency. He noted the enthusiasm around Ethereum, pointing out that he just came back from the Ethereum Dev Summit in Berlin where people flew in from all over the world to be there because they believe in that particular alt-chain and token system.
“I’m interested in Ethereum, but you’re often selling hope and castles in the sky a little bit. People are free to do what they want, but I think it’s slightly unethical to sell a dream.”"Im not offering a clear solution here, but I think there are some problems with the model of appcoins.
In the comments of the snake oil article there is an interesting discussion and I like what Factom is doing with their "appcoin"
"The servers have Factom tokens for running their service, but they would rather have Bitcoin. Wonderfully enough, users of Factom have Bitcoin, and they would like to have entries in Factom! So the servers now can act like that centralized party! They can take Bitcoin payments, and convert them to entry rights for the users! When a user gives a server BTC, the server can convert the Factom they are holding into entry rights issued to the user's public key!
Servers now do not have any sort of special rights, other than their participation in the system allocated them Factom tokens. Anyone with a supply of Factom tokens can provide this service. Even the user. Or the Spammer. But it will cost them something, whatever it takes to get some Factom tokens.
Certainly Factom will get out into the market, and be traded. And the Factom Token's value will vary, and we will have to have a system to adjust the exchange rate of Factom Tokens to Factom Entries. So it isn't just the easiest thing in the world.
But the fact remains that to be decentralized, Factom must have a token. And our particular solution seems to work best with separate accounting for entries. But with these two tools, the Factom Application can effectively decentralize payments, and allow EXACTLY what you want (the user's ability to use an App without any special "AppCoin"). This architecture doesn't have to expose the users to the risks of the Factom token."
I hope maid safe will come to be but I doubt the safe coin can maintain the current prices, but hey I could be wrong.
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Posted on December 10, 2014 at 5:51 PM
I think a good first year app for the safenetwork would be a decentralized exchange between established crypto currencies. I read somewhere that Master Coin is planning on uploading their blockchain to the safenetwork, perhaps Factum will do the same.
I have long felt that the MaidSafe coin is the most undervalued asset based on the principles of the tech. If you were to base its value on current utility then the current reality is that there is none yet. But if one believes in the ideas of security and privacy then supporting this effort is a way to express that belief.
As you know the SafeNetwork is not an app but a platform for apps. As more useful apps are created the value of this platform increases. No one knows how valuable a decentralized internet will be to humanity but my guess is that people will find it extremely valuable... time will tell.0 likes
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