Judging by the way MAID devs manipulate the price and always seem to be hungy for more IPO funds and investments while unable to launch their invention for a decade already I can bet that they will implement Proof-of-Vitalik conesnus algorithm for their imaginary SAFE Coin, after which the community is forced to spawn their own MAID Classic. You heard it here first
If I was spewing as much BS as you I'd also be wearing a gasmask.
Oh my god did I just piss off a fannboy?!
There is definitely manipulation going on in MAID market for quite a long time already. Whether it is by the devs remains a speculation. Everything else I just said is truth. They launched another investment round (hungry for more money). They have been around for almost a decade (longer than Bitcoin). And since they are a profit driven company much like the Ethereum foundation they are most likely doing the same kind of sick anti-freedom shit like reversing transactions to save their investors.
Well, this is not your project then I guess
MaidSafe had some small investors before they did a crowdfund in 2014 (I joined that one). They ran out of money in 2016 again, not so strange actually as they had around 10 devs working for them and things took longer. There were some extra coins left from the crowdsale in 2014 (owned by the MaidSafe Foundation) which they used for extra funding. They have to give these coins back 1 day as explained here:
https://blog.maidsafe.net/2016/05/31/maidsafecoin-announcement/Is this wrong?? I don't think so. The Foundation was started by David Irvine and he gave away his own Maidsafe Stocks to the Foundation. David is an idealistic person and the foundation already helped kids to do some technical stuff etc.
https://safenetforum.org/t/maidsafe-foundation-introduction/6740In 2016 they needed extra money because they didn't want to have funding trouble all the time. The MAID owners (like me) didn't had any dilution as there were no new coin created. Actually, there haven't been any new MAID created since 2014. The 19 million coins (from the foundation) did (partly) come to the market but this is only 4% of all coins out there.
So how did MaidSafe got extra money in 2016? well they sold a piece of their company using BankToTheFuture (I joind that crowdfund as well).
Here's the link:
https://bnktothefuture.com/pitches/maidsafe-netSo that was 1,5 million dollar. Some of it was in BTC as well which got up in price quite a lot. MAID got up in price as well in 2016 so the team is doing well for the coming periods. They have quite some people work for them now as programmers:
https://github.com/orgs/maidsafe/peopleHere's Uber's investments rounds:
https://www.crunchbase.com/organization/uber/funding-roundsI count 16 of them in around 6 years
MaidSafe only did like 3 of them in 12 years.
Your claim about MaidSafe devs (
) manipulating the price doesn't really make sense. How would they do that? And why? They've had 19 million extra coins, which they sold (slowly) to keep the company running. If they dumped them they would've hurt themselves. Nowadays, how could they manipulate?? To double today's volume in MAID you need at least 1 million dollar. And we see days with even around 4 million dollar of volume. So if you see little pumps and dumps it's probably some other groups trying whatever. Quite risky if you ask me, you could dump a load of coins to the market to "buy lower" but who says the market gets back to where it was before you dumped your coins? Same the other way around, you could try to "buy up the price" but for how long would it hold??
Overall I'm happy MaidSafe has enough money to keep this thing going. Great thing about this project being run by a company is that it's 1 CEO with a vision who hires people. Far different from a lot of other crypto projects that see a fast rotation of people and ego's.
