STILL SINKING As goes Bitcoin, so go shitcoins. In the latter group, the price of MAID continues towards its inevitable destination of $0. Needless to say – this collapse hasn’t discouraged SAFE fanatics. An insufficiently skeptical Cryptoskeptic has been “accumulating” since ATH (January 2018). His first purchases are down about 80% and it’s not even […]
Those who’ve read more than one post on this blog know that I’ve been saying for a while that the best the MaidSafe project can hope for is to create a more private version of BitTorrent. Part of their plan that is extremely unlikely to materialize is Safecoin and that is becoming more obvious with every […]
Only a few days after my post on the desperate ideas to solve some of the issues that make Safecoin at best impractical, but likely impossible, by investing crapcoins that run on top of the main crapcoin (Safecoin), one of the community thinker have come up with a new proposal on Safecoin divisibility. His proposal […]
On this blog I’ve repeatedly stated that the biggest problem facing MaidSafe isn’t the network (even though they can’t seem to get anywhere close to completing it), but the coin. First and foremost, because it’s damn difficult. Second, as far as I can tell they’ve no cryptocurrency or economics experts, and the community is even […]
Just yesterday I was looking at the Poloniex BTC-MAID chart and wondering whether the slip below 9xxx meant it would soon drop to its long term support of 7xxx. It happened much sooner than I thought – as in “within less than 24 hours”. Currently the doomed coin is trading at 7790 satoshi. The chart […]
Never mind that Safecoin is extremely unlikely to ever appear – it’s undivisible nature is one of things that have been troubling Maidsafe fanboys for years. But thanks to this vigilance, the great minds from the community forum have been working on a solution. Or rather a proposal by a forum guru polporene which has received awesome […]
In Proof of Ridiculousness (and other posts) I mentioned how silly MaidSafe’s attempts to create a poor man’s PoW are and asked several pertinent questions. Now, in comments like this one below we can see that even the MAID pumpers are starting to see glitches in the SAFE Matrix. I was thinking about this one. How […]
While it’s true that every now and then SAFE forum fools wonder whether Safecoins will ever be finished, it is far more frequent to see posts like this, which worry about the high price of Safecoin. The nightmare scenario: In the year 2025 Maidsafe will have an estimate of 1.7 billion users, business customers/end users etc. The max […]
Since I’ve started this blog I wrote about why one shouldn’t invest in either MAID or MaidSafe the company. One factor that can help you decide – although if you need help to see the obvious, you’re probably at risk – is the incompetence of the average investor who did buy in. Like this MaidSafe […]
Ponzify This! This topic on the SafeNet community forum tracks the growing desperation among MAID owners who two days ago started calling for a “fiscal stimulus” which MaidSafe delivered. This is how the CEO Nick Lambert responded yesterday: We have obviously been considering the prospect of the campaign not being funded, it is certainly not […]
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