I was initially excited about the Decorum crowd sale because I effectively missed the Bitcoin, Ether and SEC bus…I’ve already contributed alot of my MAID to the Decorum crowdsale and have some pending bitcoins to contribute more but now I think I’ve made a big mistake.
To give you an example of why I feel this way is. Lets say 1,000 contribute to PDC (we know that much more than 171 will contribute to PDC). 50M divided by 1,000 is 50k. 50K divided by bitcoin at the price of $400 is 125. So each bitcoin would buy you 125 PDC compared to 16,984,400 SEC if you had contributed $400 to that crowd sale. (400 times 42,461).
Because of this limited supply, the price will naturally go up and be much higher than the current SEC price. Once the PDC crowdesale is done and it goes on the same exchange at Bittrix (which is Seneca’s goal) this small group of maidsafe followers, enthusiast will see the big price difference between SEC and PDC. I’m assuming the the price will go immediately down from the cost of the crowdsale simply because of people choosing to go with the cheaper SEC instead. But lets say the price goes up from the cost of the crowdsale…it will still get dumped and soon become worth less then what we paid for it during the crowdsale in the short term.
In the long term I think Decorum is a good investment but in the short term not so much. What do you guys think?
My initial thought is that you are trying to compare apples & oranges.
SEC is fixed, and has earning capacity. SEC was 2 billion
PDC (Clike) is a use once token that will have utility value. PDC is 1/40th at 50 million
Initially the price will have base set by the cost of each PDC and will either rise/fall from there.
From this you have two evaluations to do.
how much do you wish to contribute to help decorum be developed.
speculation of how much the PDC will be worth (to you) if you keep and/or sell (some)
Oh and the contributions are quite varied, so working on # of people contributing will not tell you much about the worth of each PDC, but rather your contributions compared to total contributed will tell you a lot. Someone contributed 200 thousand MAID (2 tx) and some as low as 930MAID
I don’t know how people will perceive the value of Clikes / PDC, but overall I don’t think the price of each coin (SEC and PDC) in terms of BTC really matters.
I think It’s the market’s perceived value of the sum of the coins that will determine the price of each coin, rather than the other way around, so just because SEC may cost less per coin should not be a reason for PDC to drop in value, especially when they’re quite different projects to each other.
It’ll be interesting to see what happens once PDC hits the exchanges, and even more interesting when the Safe network and these projects are live so we start to see their true potential
PDC is much more scarce than SEC,
there are more than 2 billions SEC and just 50 millions PDC, Much easier to compare different coins is to see the total market cap
If clikes are not divisible then I don’t see them being used very often in the course of daily usage of the forum. Does any one know whether or not clikes are divisable?
At the moment I recall they are not, and perhaps will be implemented when on the SAFE Network. the Omni version of the coins are not divisible.
Also [quote=“optictopic, post:16, topic:263”]
If clikes are not divisible then I don’t see them being used very often in the course of daily usage of the forum.
[/quote]
They will be mined… so there can be many upside to their quantity.
50mil clikes divided by $300k (as of April 12th) is 166 clikes per USD or 70,550 clikes per BTC($425). I could also see clikes being used as a method of payment for value added services within the platform.
This already puts PDC at .006 satoshi (425 / 70,550) which is much higher than MAID pre MVP.
At the rate it is going, I’m predicting Decorum hits the million dollar mark or close to it which would mean approx. 50 clikes per USD or 21,250 clikes per BTC ($425). This would mean .02 satoshi per click (425 / 21,250). Much much higher than SEC and many other altcoins.
While it is true that SEC and PDC are apples and oranges and it makes sense to look at the market cap, how many traders / speculators have sense vs emotions and will think of these valid points?
I still tend to think that they will say ‘hey look, a cheaper alternative that will also ride this Maidsafe MVP wave. Let’s pump and dump there instead’.
I certainly don’t see it doing the same factoral returns as SEC in the short term for quite a few obvious reasons, but its speculative bubble does have HUGE potential if safenet gets a decent following this year. If you start seeing 100s of thousands or millions of users on Decorum (which I think we will), then you will quickly see marketing departments seize the opportunity to try to reach those users.
Think how much companies like google and facebook make in advertising revenue.
I think decorum is a bit harder to get to grips with than SEC in terms of understanding the value, but it’s actually pretty decent imo. There’s a lot of potential for decorum to have a huge impact on social media, a huge positive impact on the world in general, and a good shot at a pretty sick risk/reward gamble.
I stuck quite a lot in, but I’m not expecting any big action on it this year. It could be the coin to watch next year though.
I agree with one thing above for sure, it will take longer to mature and is not as good a short-term investment as other things out there (even though I doubt it will go below IPO prices).
I like how you say, if marketing companies; this will expand the awareness very much
Could be very impactful for all of the ecosystem; and I appreciate decorum, the more we expand the better, the more traders on safe exchange etc. Life is good and foresee it continuing well.
Pricing is different story, we shall see of course; maybe there will be a lot more of them, and price is low so you dont make a huge profit; yet market cap can expand a lot.
Can only see later, but of course likely to get some speculative gains; though we cant know of course
I think 2-4x soon after launch is not impossible tbh… maybe even more. I’d be shocked if it got close to SEC market cap as quickly as SEC did, but shocked in a good way.
I suppose a lot depends on how fast SAFE becomes popular. People will start looking at everything in the ecosystem if SAFE does what we all think and hope it will.
I feel very optimistic holding Maids, SECs and PDCs right now. The only other coin I’m at all excited about is IOTA. SAFEnet is where it’s at atm for sure, so anything on safenet has a shot at riding the interest wave that’s soon to sweep over the world
A small teaser, but I was just working with the bitcoin multisig to get us voting, using bitcoin. Primarily to have a connection with bitcoin ecosystem and be brotherly etc; There is a limitation can only do 20 addresses maximum as part of multisig.
It’s screwed, that path is cancelled the night after it started.
Now skipping that going right into the SAFE where we have unlimited signatures. even without linking structured data we have thousands of possible participants in 1 strucutred data for voting, spending funds etc. It’s amazing. I can’t imagine why anyone developers etc, would even bother with anything else.
I’m not technical enough to truly appreciate how many problems SAFE solves and all of their implications for devs in future, but I am good at spotting good ideas and smart people, and riding their coat-tails ;). I’ve not spoken to anyone technical who’s opinion I appreciate and trust who hasn’t been blown away by SAFE when I’ve shown it to them. All the smartest and most technical people I know bought in and fell in love with the idea as soon as they started looking into it. This gives me confidence beyond my own capacity to even see just how great it is from a technical perspective.
It’s funny, I’m usually quite cynical and skeptical, especially with forecasting things that I want to happen. I just can’t see a future where SAFE isn’t huge.
SEC and Decorum are the right ideas in the right place at the right time imo… perfect storm.
when first venturing forth into crypto, I checked out just about every single project. The only one that got me all heated was SAFE man, preaching to the choir though wanted to join you in that kind of convo
Yes, I researched everything of decent enough volume to trade with last year when I got into crypto and Eth was the first to jump out at me, then I discovered how deep the maid rabbit hole went and became SAFEfanboy4life instantly.
In nearly 40 years on this planet I’ve never come across anything that has amazed or excited me as much as SAFEnet does.
Crazy time to be alive and crazy thing to be part of.
dude if I picked based on liquidity. … July 2014… I sold 500$ worth of maids, crashed the price 25%… bought back and pumped it up 25% (with the same 500$)
That was lunch for a week!!
Thats the moment that caused me to decide to give all the help I got.
Since then I learned all about cryptography, and systems programming
lol, hard to imagine that little volume behind such a great idea. although to be fair it wasn’t exactly high back in November last year either, but thankfully just high enough that I felt it was tradeable and did some research.
how funny that that small moment pushed you down this path… you may be retelling that story a lot over the next few decades in interviews etc
(with the same 500$)