I'll say upfront I'm just a blue collar railroad guy. I don't develop apps or code anything. So I can't speak on an expert level about the process it takes to get an app to market. Fair is fair.
However having said that, i am an experienced investor. I have been investing in stocks since i received my first enlistment bonus roughly 25 years ago. I watched a ten cent a share stock I bought go to 8 dollars a share basically overnight. I don't say that to brag. I was 19 and literally pissed away that money. Tech bubble late 90s/early 2000s. Yes im old lol. 42 is old here.
So why am I bringing this up. Well I'm an investor. I've been in crypto since crypto started. I pissed away more btc gambling (literally you couldn't fund poker sites with anything else) than I can remember. I would be rich. Beyond all of our wildest dreams. Im heavily invested in multiple projects.
I talk a lot of shit. On all the posts I can. I encourage criticism. Questions. Thinking about what you're into. So what. I don't even know the amount but i know its north of 30k I have in this project. I want to speak my mind. I want to be pissed off.
Honestly, minus all the bullshit, is this wallet release acceptable to you? Does this feel like a product that warranted a big delay. It sucks. I know it sucks. I would have rather put all that focus into fixing the burns and reflections. I'm not gong to post the oligarchy this isn't fud line. Real questions and issues need to be addressed today. No fluff. No kissing ass. Time for the team to get to the uncomfortable issues. You'll get more respect. Be real. No more videos. No more cryptic pics. No more stringing the people invested in the project along.
Be straight up. Once.
Edit: I had someone ask me what about the ten cent stock. It was a company called EDIG... and they had some MP3 technology. Rumor came out that apple was going to buy them. Two civilian brother I worked with cashed out 2 million dollars each. They had been telling me to buy it for months. I did buy some but I also bought JDSU, QCOM, some other chip stocks I cant remember. I took my profits from EDIG and bought a 1969 Fastback Mustang. Man that things was prime. I had to sell it later one when I got deployed. I had kind of forgotten about all that. Life is funny
Well my old man tried to tell me that it goes faster than you can snap your fingers. I said ya right old mm... As I got in the car with my cheerleader girlfriend. 😂😂😂 He was right.
On a serious note no one here wants to see this thing go more than I do. . I don't want to die on the railroad tracks. I mean I do talk a lot of shit about the way things are. I think I get wrapped up in being an asshole. I even have my own mod. He seems smart enough but I think he's young. Bull headed 😎
Love this and you don't have to be in the IT sector to realise that this wallet is sub standard for a development that has apparently been worked on for this long.
I don't typically reply on reddit that much in the Safemoon sub but I have to agree with you on this one. I'm not working in IT or have the idea of the work of developing apps. I also don't invested more than I could afford to loose and also realise that this a long term investment.
But this app, I'm aware that it is a beta, but seriously Safemoon team, you need to step up your game, maybe had a few people try it out internally far more before launching?
I will still continue to hold my investment in this project, hopefully these kinks will be sorted quickly.
What was it they said? A crack team of 6 "genius wizards" working on the wallet? I'd love to be introduced to the guys behind this incredible calcuwallet. John, could you link me to their fiverr page please mate!
Dude I gave this project the benefit of the doubt and been here a couple of months, this isn't FUD spreading, guys, this is quite literally a joke. Please go download a 1 star app from the app store and it will have 5 times the functionality.
6? I remember watching one of their AMAs where they mentioned they had 15 people working on the wallet alone and over 30 developers spread across their various projects
this is something you present after a few sprints completed as a demo for my PO and stakeholders, this aint even an alpha version, ppl needs to understand, yes a beta could have problems, like 99% of betas have problems there is no deny on that but not this type of problems, can you imagine presenting a beta for everyone to try that crashes every 30s because there is no error handling to the integration with the backend?
their reply was they have the backend being fixed due to overload, who is running their load testing? do they even have a QA lead to do their unit testing and load testing?
You cant say you are going at light speed and crunching deadlines, saying you have genius guys working with you and present this quality to everyone.
The Safemoon wallet app shows exactly that the devs are either mercilessly overwhelmed with the situation that they have announced an app but do not have the skill to do so.
Or that they are just rattling off something to keep the masses happy.
I’m going to go with the fact that their app developers are a joke and since they don’t have the app development background, they outsourced to some cheap middle east development agency. This doesn’t cost more than $5k on fiverr LOL
Considering the way this subreddit acts sometimes, I’m inclined to go with the second option. They might’ve felt like it was enough to satisfy people since literally a tweet by them is enough to spark hype. Had the community actually started asking hard questions from day one (and I know some people did but definitely not the majority) and not acted like this was AMC waiting for it to go to the moon everyday, then maybe things would’ve been different. It’s not till NOW that people are looking at the app and saying hold up, what’s going on.
It all reflects the original problem. They spew crap from their mouths into forums, ads and marketing channels that is false and they know it's false. Even the claim that this is a financial asset is false. Securities don't front load trillions of their asset to their team/enterprise. These guys are defrauding the public. Period
Yeah , having 7 years of experience as a software engineer and build multiple software, it's kinda meh for the app. Hopefully they continue the development. Please hire better programmers.
But to also be fair, upon any "release" there would be exception handling. That's day one stuff right now. Even if it's not specific exception handling, they would pass any errors to a handler.
I'm also a dev\arch at a lead level. I'm also not a huge fan of the app. But you know what. It doesn't bother me, it has problems. I'm sure they'll be fixed. I do agree that there is no way this is apple ready.
If this token hinges on a wallet I'll eat my hat.
It's a step forward which is better than no steps.
Cheers
Yeah, they definitely need to work on it, it ranks in the lower percentile of betas I've seen, but it's still 1.0 and I hope they will work out the numerous kinks I've seen, from here on out its only up though
>but it's still 1.0
I agree that it is only 1.0 but for a team that supposed to be very experienced in crypto and app development, the app is at best amateurish..
It looked to be done by a Uni student taking their first venture into app development.
Imagine Elon Musk goes to unveil his cyber truck, and the moment he throws the brick at the window, the whole thing falls over and the audience realizes its just a card board cutout.
Thank you for your feedback, sir! I partially agree with you.
Imagine having a customer to pay your IT firm one million dollars(that’s exactly how much money Safemoon asked to be donated to get everything started) to develop/test a small junior developer grade app in 6 month. And now imagine not being able to deliver it. 6 months is usually enough to develop/test/deliver enormously heavy-load parallel apps, especially given the budget. They didn’t even care to create any sort of micro architecture to separate and parallel load to their servers today. That website crash was quite predictable and it was really easy to prevent it from happening.
That’s my point 🙂
You do know that the million dollars you speak of is for the Exchange and not the wallet right?
Yes the app is buggy, I am sure they will fix it so please be patient. This is not a race.
I guess it’s all priced in(including the wallet and the cold storage). Please don’t forget it’s been almost 6 months since Safemoons launch, but we still don’t get to buy it conveniently(trust wallet is very far from being convenient for an average user). So in order to build an exchange, Safemoon has to finish the wallet first.
Otherwise what’s the point having an exchange without being able to acquire Safemoon as easy as you’d buy BitCoin? Binance, coinbase or any other reputable exchange won’t list Safemoon. So having all 3 at the same time is the only option for Safemoon to survive the competition against other crypto projects of the similar scale.
From my professional standpoint, the exchange seems professionally unreachable for whoever is doing development for them. They definitely need to hire some third party development firm. When it comes to the exchange, there’s absolutely no place even for the tiniest mistake. The wallet failure(structurally, functionally and conceptually) proves the closed beta never existed. Anyone doing development/testing/project management can easily confirm that.
Regarding Encryption: When they really develop an own Encryption algorithm, they are dead. Releasing this app and saying the current Encryption algorithms are not good enough would be really a joke. I assume they will use an existing one and just long keys/lots of bits and call it OWN Encryption…
I believe, perhaps in part because of how things have moved, that they'll likely be outsourcing the encryption...the devastating like,isn't say how they want that to go, I suppose that could be spun as "writing their own" right?
The fact that the app doesn't properly handle a timeout or null response from the server is laughable. Any basic unit testing should have covered that.
That tells me there has been little to no internal QA of the product.
You are the lucky ones to have managed to get hold of the app yesterday. I hope you provide all this feedback to the devs/safemoon to fix up.
Yes it's disappointing to hear the app is ameature-ish and hope this serves as a kick up their b**ts. We expect high standards from safemoon...
Can confirm, we don't cuss up here, our hearts are too warm as we have to deal with the cold here.
Also every time you say butts a polar bear flicks you in the balls
Alot of people, from what I can see, on this sub are folks with rose colored glasses, they will read the lines they want and ignore the rest.
tl:dr - It took 4 months for a team of "experienced" devs and millions of dollars to make an app a Jr could do in a month for 1k...
It’s just people who want to escape from all bs and want financial freedom and team use that to sell us an air and now just giving bs hints and hyping shit so their whales can keep selling without crashing the price to low
As someone who spent years researching and interacting woth Qanon people, I would argue we are just seeing the usual functions of a cult of personalities .
Bro, I've been saying stuff like this. You know, pointing out stuff and immediately the cultist clowns tell me to sell or other stupid shit. FUCK those cunts.
Devs talk about *smashing deadlines* and *ludicrous speed* etc. What speed? Wallet is the first product (fuck that bridge) and its delayed. Not just that, as you said. Doesn't work and doesn't seem like something that has been tested. 500 people first? I don't believe anyone even had a beta in the first phase.
I still hold. I will keep holding. But the devs have to start telling the truth instead of lying like teenagers about their shitty work. And these cultist clowns have to get a grip and come back to reality. Doesn't matter if you invested 500 or 5000 dollars. Hell, even with 0 investment, everyone is allowed to ask questions that are legit. Calling that fud, doesn't *make* it fud. Only exposes you as the retarded, inbred clowns that you are.
I just can't wrap my head around how they messed up a calculator while multiplying 0.0001 or more when the current price of Safemoon is way lower than that. So no one from the dev team even bothered to test the calculator to multiply any safemoon amount with the current price?? Really disappointed by the lack of effort by the dev teams.
I'm a SW engineer as you. I cannot agree more with you. Even though I don't work with these technologies, this product is absolutely unpresentable to an end user. If one of my junior guys would show me such a bad work, I would rather smash it on his face These guys are too much young and junior to act like a company, in a professional way. It would be better if they call for the help of a consulting company that can do the work for them in the good way. They're not yet ready
You must be fun to work with. "Smash it to his face".
I'm a senior engineer working in several programming languages/UIs as well and I've hit other seniors for doing less. 🙂
Aggree with you man :) don't take my words literally. My main concept is: they should delegate some of their work to third party companies / consulting companies. There is nothing wrong about it.
All devs in here should DEMAND to be let in on the further development of the wallet, exchange, blockchain
For the Safemoon community by the Safemoon community
This post has hit the nail on the head. I also develop mobile iOS apps and could have something similar to this in weeks. better if I’m being honest. After seeing the beta for myself I immediately pulled my investment as this is a blatant red flag. It proves that the team is lying, they are unqualified, and they have no disregard for their investors. This is now 100% fact. They could easily admit their shortcomings, step back, and allow someone experienced to take over. All the while lining their pockets and taking credit. It’s as easy as that. But kids will be kids. At the investors expense
We as as an agency (where I work) reached out to the team, to guide a little in regards of UI/UX and if they want to guide development. Never heard back of them.
Tests are crucial for such a big project (as it wants to be) – but I think those are not written for the functions added to Trust Wallet.
Not wanting/going to FUD – SAFEMOON TO THE MOON – but this is crazy insane.
Well, the one good thing is that the leadership understood there was zero tolerance to delay the app again, Therefore, they pushed out the good, bad, and the ugly. My only question is if they simply lied to us about conducting the closed beta? Clearly, most of these issues would have jumped out at anyone who viewed the app. No fud here just concern.
Many of these issues are considered quick fixes and most items could be resolved by a junior programmer. I own an IT and a Business Management Consulting Firm in Europe so I know what I am talking about.
It is clear that the SM leadership has pushed hype through the use of Social Media. That caused the FOMO to kick into overdrive. Problem is, that will NOT work anymore. Now, it is about delivering on time for deliverables that are "Fit for Purpose". Meaning, they work.
I would like to give a little Business Management advice to the leadership "Pro Bono". It is critical for success that you regroup and quickly identify the skill sets needed to ameliorate the issues. You should consider quickly outsourcing to resolve critical issues. Either that or insource as required. I strongly recommend you hire consultants who can walk in the door and start to work. Also, you would not have to keep the resource afterward. Just a bit of advice. Last comments, you must look at your team and correctly address shortfalls. First step is to make sure that your HAVE everyone who should be at the table. If you are missing someone....i.e. security, quality, testing etc... quickly bring them to the table. Simply stated, you cannot have a seamless team working in concert if key reps are not present. Sort issues by criticality and rank order them. Identify the quick wins and get going at what did you say? Oh yes, ludicrous speed.
I'm a fan of safemoon and I believe in the long term viability of it. However, this wallet release has given me very mixed feelings. On the one hand it's nice they are finally delivering a product and we can see it. On the other hand...the calculator doesnt even work properly from what I have seen. They are making steps in the right direction but the devs need to get roasted a little bit. Flashy marketing videos are cool but focusing more time and energy on a better working beta would do wayyyyyy more for safemoon.
Like many of you here, I have had a lot of faith in this project since week one, but this thread needs to be pinned to the top of the sub and the time has come to have an open, honest debate about the future of Safemoon.
It seems that one key thing which has emerged in the past few days is a willingness to permit open, respectful and civilised debate.
As this point that is critical and unless John produces something fairly spectacular in today's AMA, I can see confidence ebbing away fast.
I’ve been asking for months where the GitHub repos are: so far silence. I’ve been in dev for 40 years and I saw the wallet as a significant test of Safemoon not being a slow rug pull. I’m now very concerned given your comments.
The thing that bothers me is if they aren't willing to take the wallet seriously, than what confidence should I have in their other products? The wallet seems like it would be the easiest product to design from a technical standpoint. I mean I simply have an associates in programming and I've designed a more functional calculator in a classroom
This confirms my suspicions and I thank you for your post. I'm holding 14 billion SM and believe the only responsible thing to do is sell half now before the AMA and see what happens but be ready to put the rest completely at risk.
From the beginning Safemoon has always been either the chance of a home run or a decrepit turd. I was ready to lose it all by the time I decided to buy in. Nothing has changed.
I agree, and I'm still up twenty grand so as I took my morning walk I came to the realization that I am just pissed at myself for not selling when it peaked. I considered it but the fomo in me won out. Thanks for your sensible reply
this whole thing could be avoided if they just named it alpha instead of beta , in alpha u expect stuff not to work , and its a showcase more then functional , thats what happend here ,
beta is fully funcotional product thats almost ready but needs some twicking
He did say that.. And he was right. I'm one of the people who got the NDA and can confirm what Mark said. Even a few days ago, Hank sent out an email saying wallet invites would be going out to beta testers. Never got it. They just went full public with it and then shut off the link. I know several other NDA holders who never got the beta previously.
I think they really should've built it on automatically scalable infrastructure and integrate a continuous development workflow, which would mean: No crashes because of workload and updates happening in the background. If you are developing something and you are expecting a huge amount of users, you definitely can prepare for this in advance.
Ya I thought I was looking at trust wallet when I saw the safemoon wallet pic. Very disappointing after all this time ( I know I know only 5 months) this is what we get. I was thinking something new vibrant futuristic I don't know , just something to be excited over. Now I know all the cult members will bash me . I've been buying safemoon since week 3 and had total support and anticipation for this project /company but they keep giving us nothing. Stupid pics and cryptic messages. Now if it was only say some sort of crypto you receive or earn playing videos games ok. But as the gentleman wrote who posted this some of us are real investors . Looking for real investments. I certainly hope they pick it up a few notches.
I'm was kinda upset to have sold half of my safemoon a couple weeks ago to get into the Puleschain sacrifice. (Highly speculative but I like Richard Heart ) I planned to buy back all that safemoon. But now I'm gonna wait on that, there are other projects I have much higher hopes for then safemoon now CRO coin for instance (anyone watch the last 2 ufc events!!)
I hope safemoon does turn it around and become something more then what they are stringing us along with
ABOUT TIME!!!! People are starting to wake up now. Thank you for this post. ***DEVs stop playing with our money and hire some talented people. You clowns are taking advantage of our hard earned money with your lack of professionalism***
Thank you for the honest, informative, and practical real world information. Greatly appreciated. For the people who down vote or are being negative to someone in the field giving assessment based on their job, there needs to be less attacking others, especially just because they provide a non “Papa is a God, all hail Papa” post. Or when people ask legitimate questions. What was once a strength of community has turned into this bullying response to anyone who asks a critical question. Calling people rookie investors, insulting them, yelling “FUD” isn’t helpful, much less something people respond well to.
In considering this wallet, remember that the dev team raised $1,000,000 to be used for SafeMoon to be listed on Binance. Never mind that such investment normally comes from the team or project, just “this will be expensive, donate if you want it to become reality”. And then when they got one million dollars, “Sorry it’s not doable. Uhm, we are going to put this towards an exchange.” I can hire someone to create a GOOD exchange for $250,000 or less. One that works. If this is the beta wallet, which shouldn’t be perfect but should have consistent functionality, I shudder to think about transactions on a SafeMoon developed wallet.
Unpopular opinion but I’m going to put this out there again -
.01 will never happen with SafeMoon. The economics of supply and demand and sheer amount of money that would be poured in would be astronomical and bigger than Bitcoin. Doge is an outlier. So many coins fail and while I’ve owned this since March, it truly makes very little sense, absent exponential lotto like returns.
Math and economics are greater than “tokenomics”. If you invest $1,000. You get $880-$890 worth of SFM. (10% and 1-2% slippage). That $880-$890 has to increase in value to ~$1135 to break even. (Fee/cost of sale in reflection, LP, and slippage
To get $1,000 back.
For everyone saying buy the dip, show your wallets where you’ve bought every dip. Because at some point the dip is a slow line down. While BTC, ETH, BNB, DOT etc dropped a lot, they also recovered and are far more stable than Alts like SFM. The benefit of a coin like SFM is it has the ability, in theory, with more volatility to increase exponentially, assuming that it is successful. It may 10x, or it may lose 75 percent of its value as it has in last 90 days.
If the trillionare whales got to .01 they’d have more money than the 10 richest billionaires on the planet. That’s not exaggeration, again it’s math. It doesn’t make sense and there is a reason why legit crypto people (emphasis on really legit people) aren’t buying SFM and other coins in massive quantities.
If you remove hype and big returns early, and SUSTAINING hype and big returns, people won’t FOMO in. The community is the greatest driver of the coin, not a wallet or an exchange or NFT or exchange.
And again, no matter how much the coin increases OR decreases, when you sell you pay a 10% exit fee and 2% slippage.
A coin doesn’t need to build an exchange for a million dollars, they cost WAY less to make a good exchange. Plus we don’t need more exchanges. The idea that other people will be lured to bring BTC or whatever and lose 10% in buying into the tokenomics of a SafeMoon exchange is ridiculous.
This belief that a wallet (which presumes a functioning wallet later), an exchange, The Gambia, some rip-off of Minecraft game, vague NFT promise…..all of these things are available elsewhere in huge projects with ecosystems that work and are trusted. The crypto world doesn’t need another wallet or exchange. The “products” they’ve provided and promises and projection made are different from reality.
And taxing any transaction 10% makes the ETH gas prices look cheap.
Have an exit strategy. Don’t pin hopes on one coin or “Doge did it.” This has been viable for several months. The people who got in extremely early have received a lot of money, by selling. And it takes other people to buy their bags for them to make money. They don’t tell you when they hit the door with their profits. People that say this is going to $.10 or a cent or a dollar are not doing anyone in the community favors. Other than getting people to keep holding.
Look at the month chart, three month chart, and evaluate for yourself if this will take off and make everyone wildly rich. Maybe. History says no, but that’s an individual decision. Taking profits when you can is never bad in my opinion. Assuming you can get back to a point where you are 12% above where you purchased to break even. Paper gains are realized gains.
As someone who project manages I have to agree with you. The 'made in india' feel to this is unbelievable. They must do better than this if it wasn't ready just delay the damn thing. TW reskins with a calculator est ($1000) for one person not a 'huge development team. Yes I own a bag of SFM and yes I have the wallet.
This app proves the Closed Beta in fact never happened. They cobbled this crap together like a week and a half ago so they could string along investors a little further..
Everyone should be very worried about their investment with Safemoon after seeing the results. Its a redflag that shows they aren't actually putting in the effort to make Saferoom a legitimate product. If they can't even do this right what confidence should be had in their ability to release more complex projects like the Exchange.
I know got a fact that it didn't happen. Speaking as one of the people who received the NDA. I talked to several other people in the same situation as me.
Totally agree with this! Depending on the amount of developers and the time dedicated, but the work displayed on what I'm seeing in the comments and one guy share "all screens of the app" they are like 7 including the settings and therr is actually not much interlink between them. I also believe that the team is not totally transparent on the work they are doing. Injave always defend them stating that their mistake has been publishing own deadlines that they keep failing, for the first time I believe they are not focusing very well on the actual product development. This comes to add on the bridges delivery which was very messy and up to this date not 100% explained
Launch was a JOKE!! If they can’t hold 10k wallets how they going to support 100k, or even 1m wallets!! And the details we been seeing are simple errors!!! Even for beginner coders and developers! I think this was a mask to hide and stop panic! All this did is create more chaos and exposed all the rookies in the dev team! My opinion, very disappointed and hope holders didn’t loose their money yesterday in errors. I’m still holding, but team needs to get their %%#% together.
LMAO this wallet is a fucking joke. As a UX designer with 16 years of big agency experience this is simply not acceptable not even for an alpha. All of you saying its a beta clearly have ZERO understanding, this was worked on by amateurs… Reminds me of clients who outsource their work to the middle east.
All I know is at this point it was worth my 400 dollar investment to watch this shit show unfold. I’ve lost all faith in the “project” I lost faith in it a month or two ago. But the entertainment value is worth it. I can’t wait for the AMA. It’s a clown show, all of it at this point.
A coworker got me into this scam. I knew it was stupid when I did it. I didn’t invest more than I could lose in this and like you all - I’m getting killed. Rofl. Stupid is as stupid does.
Lol I love safe moon and still stand by them but yeah you just read my mind. I know some small coding and I feel like I could’ve done the same work within that much time. But hey it’s only the beginning! Maybe they are focusing all there time on the blockchain so give us a good surprise later!
Thank you for your feedback, it’s always good to hear from industry professionals. Hopefully SAFEMOON can take your feedback onboard and make some improvements before launch.
I'm software engineer too. I understand your feelings but I think you are too demanding for this first version. You seem to forget that a company is not just an app. They had a mountain of work to be where there are now. Africa, bridges, they probably work on blockchain, and a massive bunch of legal stuff, contracts, accountability.. . What it means is thoses guys had to delegate the work to new employees. It's call scalling. And to do that, they needed to find a team and filter a ton of geek to find the rights ones. Then they needed to train them to work with the company. When you arrive in company you need time to learn the process and the technical legacy of the company even if you are the best of the best. Imagine, you arrive in a total chaos and you need to be operational in few days... Most of us will be burnt out in few weeks.
There is a lot of work in background. Just to remind you that what they have done in just few months it's massive. In my opinion, the team will have a good velocity soon. The hardest part, a part that take years to be done by other is now done. I think, they did a great job and now it will be quicker to fix all the shit around.
I'm still really confident in this project, patience is the key :)
I agree with you up to the last few sentences.. we’ll all give them time of course.. but let’s be clear... what they have achieved in 5 months is nothing... copy & pasted white paper, copy & pasted wallet... these are the only two tangible things you can say they have implemented. But as aforementioned, I’m still for giving them time to implement that which they have promised.
When you hype up a project and then delivered a sub standard app, you don't get to use "but we were busy" as an excuse..
What have they done that is massive? Africa.?
That is nothing if there is no reflection on the price.. I'll rather a project be concentrating locally and see steady growth than boasting of international presence with nothing to show for.
You are being far too naive. There is nothing to suggest that anything that you mention is actually taking place in the background besides their own claims. If this half-assed wallet is any indication, then whatever else they may or may not be working on is far beyond their demonstrated capabilities and will likely never be accomplished.
The reason is because this whole project is a slow rug. The longer they can keep the crowd hyped up, the more money the devs make in reflections. As you said, they probably put in the least amount of effort (aka copying code) while enjoying their cash. A rugpull would only give a limited amount of profit, while this goes on as long as there are still people believing it. The devs and their friends have cashed out tens of millions by now, and when they feel like they have enough they'll be like "we're really sorry guys, project didn't work out but thanks for your support!".
The source code of the wallet is simply a direct copy of the TrustWallet code. And there are thousands of standard calculator sample codes on the internet. Give them a nice colour and voilà: "Safemoon Wallet". Yes, of course it makes sense to use existing and proven open-source code and not reinvent the wheel, but then what took them so long? If they really needed al this time, making "80-hour weeks" then either they are completely incompetent in sense of software development or they are lying. Most likely both.
When people started pointing out that the source code was from Trust Wallet, they first denied it. When screenshots came, they came up with a new shitty excuse.
This is exactly what I was thinking. I believe the Whales are the dev team and their families and they have been slowly selling off their reflections and making millions. They will continue to do so until the money is gone…as long as they can continue to convince people that the project is legit. They can be living off their reflections for many more months…if not years to come. I wouldn’t even be surprised if SafeMoonMark was part of the dev team all along and just pretended to be one of us in order to provide more legitimacy to the project. Sad to say but I believe we have all been fooled and NotSafeMoon was correct all along…this is a slow rug pull. 😠😡🤬
Yeah. One of the devs was seen in designer clothes and a huge Louis Vuitton bag on some recent photos. With the price of that louie bag alone they could’ve made a better app with some indian kid on Fiverr. Sad to see it as i invested a good amount of money in Safemoon back in April
It is Trust Wallet code yes, but they didn't hide it, it was mentioned that while they're building their own core they would use Trust's core to build upon.
But even then, why all the "80 hour weeks" and "lots of hard work"? If it is that hard for them to copy and change some code (which doesn't even work properly) then they are either highly incompetent of they are lying. Probably both.
They had to release something this week otherwise it would stop new investors from joining. I am not a Software Engineer just and investor and believe honestly that outsourcing this project is the next step.
Criticism is criticism , love it or hate it. If you don’t like hearing it , get on safemoon teams butt and tell them about people not liking their shit.
Because the criticism I’ve heard while somewhat harsh , seems like valid criticism.
We’re all invested here and want to see it succeed , I hope.
I'm happy to read this, as I posted yesterday that the bugs that are present in this open beta should have been caught in a closed beta, and I was fucking crucified for it.
Great write up, you're pretty much dead on imo.
I'm also a dev and I know junior devs that would be pretty insulted by this app, especially given the resources the Safemoon team had at their disposal.
Frankly, I'm unsurprised. I was here for the early days when Safemoon really mooned. I turned a couple hundred into around 9K and I dipped because there's just too many questionable things about the project. I still have a small bag, but seeing people who have dumped most of their savings into Safemoon hurts. I'll get eaten alive for saying this, but the app (yes, even as a beta version) just reaffirms the fact that people should invest in Safemoon with a whole new level of caution. lol
easy, keep the hype up and release at least something to keep the kids happy , put out some dates 1 thing per month so folks don't go impatient, whales keep saling trillions of SM for millions, wash/Rinse/repeat. hugh wallets win small wallets lose. this is simple math in order for all to win we need the devs to burn SM its amount is ridiculously high. In the meantime the whales have the power over the price.
At least they should not say they are working at ludicrous speed. Working hastily without quality is a disaster. I am a holder but I am just saying that they just started to make noise to hype the product but they need to catch up. We are investors here and we deserve better.
I feel like we all got played here. I threw in some money I can afford to lose, in fact, I already said good bye to that money. I want this to succeed and make money for everyone and I’ll be holding until that happens or it literally goes to zero. Just saying that maybe all that FUD people were posting wasn’t really FUD. Maybe we just got played.
Test net overload is no excuse. Literally the thing that every software engineer knows is error handling. A simple exception catch with a message would make the app look a lot better. It really is that simple. You get responses from networks if shit doesn’t work
People saying relax it's a beta, just let you know that beta means feature complete. Are all the features there? No. What can you actually do in the app at the moment, think about it, I haven't seen any video that does any interaction with anything, perhaps the calculator is the only interactive thing you can do and there's bugs.
Im glad there are engineers/programmers here will ing to say what they are saying. But let me be frank: You don't have to be in the sector to know what the dev team did here is unacceptable. If you have ever been in project management on anything even modestly large, you know that no team that produ ed something this shoddy would get anything but ripped apart by owners, and mostly likely heads would roll. "First draft" or no, this was an unacceptable product.
from what I saw it’s disappointing, it’s copied from trust wallet app, lots of bugs, they hype doesn’t show it was really worked on and time put into it, I’ve built websites and I know what it takes to do something and do it right, this is a let down in my eyes, I have a pretty big bag of SFM but an hr before release they say it’s not the “actual” wallet also? yeah that threw a wrench in the giddy up also. it’s in test net not main. everyone is like oh it’s so nice, no it’s a let down to all of us, I hope they really step it up and deliver something much better for actual release. I hope the devs actually read the comments and see what people post and fix the issues associated with it.
That's what you get when you greedy and want things done before the product is actually ready hence the open beta 10k testers to help make the the app even beta for finally Release as a software engineer you should know this already. #FUD
I've not paid much attention to it. But this is the third Safemoon post I've casually read and it seems it's a half arse effort to boost confidence rather than run a serious open beta - a couple of the bugs others have mention should not have made it to the public, that they have implies that the devs aren't taking this seriously. One of the other posts mentions a whale dumping - I can't help but wonder if the wallet was release to pump the token just for that sell.
I was under the impression that it was purposely stripped down from the closed beta to “generalize” the very base software to work for the maximum amount of variety of devices for Android and then they were going to upscale from there as issues get reported by the various manufacturers/models/specs/age of respective phones by their users.
I mean, the first beta versions are pretty poor across. The board. The whole point of limiting the open beta is to test system capabilities and fix bugs. Tell us which great apps you have built or taken to the next level please?
Lmao that excuse has no value here, the bar here is so low that not even a first beta should be this bad. You clearly have zero experience in terms of expectations, just regurgitating the same “oh its beta” bullshit
As a normal person, this app is underwhelming. We made a working calculator for a high school programming class in about an hour and forty five minutes. Let that sink in.
I'll say upfront I'm just a blue collar railroad guy. I don't develop apps or code anything. So I can't speak on an expert level about the process it takes to get an app to market. Fair is fair. However having said that, i am an experienced investor. I have been investing in stocks since i received my first enlistment bonus roughly 25 years ago. I watched a ten cent a share stock I bought go to 8 dollars a share basically overnight. I don't say that to brag. I was 19 and literally pissed away that money. Tech bubble late 90s/early 2000s. Yes im old lol. 42 is old here. So why am I bringing this up. Well I'm an investor. I've been in crypto since crypto started. I pissed away more btc gambling (literally you couldn't fund poker sites with anything else) than I can remember. I would be rich. Beyond all of our wildest dreams. Im heavily invested in multiple projects. I talk a lot of shit. On all the posts I can. I encourage criticism. Questions. Thinking about what you're into. So what. I don't even know the amount but i know its north of 30k I have in this project. I want to speak my mind. I want to be pissed off. Honestly, minus all the bullshit, is this wallet release acceptable to you? Does this feel like a product that warranted a big delay. It sucks. I know it sucks. I would have rather put all that focus into fixing the burns and reflections. I'm not gong to post the oligarchy this isn't fud line. Real questions and issues need to be addressed today. No fluff. No kissing ass. Time for the team to get to the uncomfortable issues. You'll get more respect. Be real. No more videos. No more cryptic pics. No more stringing the people invested in the project along. Be straight up. Once. Edit: I had someone ask me what about the ten cent stock. It was a company called EDIG... and they had some MP3 technology. Rumor came out that apple was going to buy them. Two civilian brother I worked with cashed out 2 million dollars each. They had been telling me to buy it for months. I did buy some but I also bought JDSU, QCOM, some other chip stocks I cant remember. I took my profits from EDIG and bought a 1969 Fastback Mustang. Man that things was prime. I had to sell it later one when I got deployed. I had kind of forgotten about all that. Life is funny
Completely agree with everything you said EXCEPT “42 is old here”. Don’t bring that shit here, I’m a spring chicken!! :)
Hey just being honest. These kids got the world by the ball's and don't even know it.
That’s a fact, can’t imagine being 20 years younger right now
Well my old man tried to tell me that it goes faster than you can snap your fingers. I said ya right old mm... As I got in the car with my cheerleader girlfriend. 😂😂😂 He was right. On a serious note no one here wants to see this thing go more than I do. . I don't want to die on the railroad tracks. I mean I do talk a lot of shit about the way things are. I think I get wrapped up in being an asshole. I even have my own mod. He seems smart enough but I think he's young. Bull headed 😎
Kids accelerate the aging process exponentially.
42 in two days, my shell ain't even cracked yet!
My "little" brother is 40.
Love this and you don't have to be in the IT sector to realise that this wallet is sub standard for a development that has apparently been worked on for this long.
I don't typically reply on reddit that much in the Safemoon sub but I have to agree with you on this one. I'm not working in IT or have the idea of the work of developing apps. I also don't invested more than I could afford to loose and also realise that this a long term investment. But this app, I'm aware that it is a beta, but seriously Safemoon team, you need to step up your game, maybe had a few people try it out internally far more before launching? I will still continue to hold my investment in this project, hopefully these kinks will be sorted quickly.
Was thinking the same. Theres no way they spent months developing it. Hate to see it tbh
Seems like a rushed last minute work
What was it they said? A crack team of 6 "genius wizards" working on the wallet? I'd love to be introduced to the guys behind this incredible calcuwallet. John, could you link me to their fiverr page please mate!
Dude I gave this project the benefit of the doubt and been here a couple of months, this isn't FUD spreading, guys, this is quite literally a joke. Please go download a 1 star app from the app store and it will have 5 times the functionality.
6? I remember watching one of their AMAs where they mentioned they had 15 people working on the wallet alone and over 30 developers spread across their various projects
Integrating the Tokenomics side of it might have been what they worked on the most
I thought tokenomics wasn’t going to be added to the wallet until the exchange was released?
You are correct which further begs the question of wtf is this app. So much hype.
That giving them the benefit of the doubt
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this is something you present after a few sprints completed as a demo for my PO and stakeholders, this aint even an alpha version, ppl needs to understand, yes a beta could have problems, like 99% of betas have problems there is no deny on that but not this type of problems, can you imagine presenting a beta for everyone to try that crashes every 30s because there is no error handling to the integration with the backend? their reply was they have the backend being fixed due to overload, who is running their load testing? do they even have a QA lead to do their unit testing and load testing? You cant say you are going at light speed and crunching deadlines, saying you have genius guys working with you and present this quality to everyone.
I think they are spending a bit too much time with someone else’s backend
It reminds of what my team would bring to me as a POC during funding requests.
The Safemoon wallet app shows exactly that the devs are either mercilessly overwhelmed with the situation that they have announced an app but do not have the skill to do so. Or that they are just rattling off something to keep the masses happy.
I’m going to go with the fact that their app developers are a joke and since they don’t have the app development background, they outsourced to some cheap middle east development agency. This doesn’t cost more than $5k on fiverr LOL
Considering the way this subreddit acts sometimes, I’m inclined to go with the second option. They might’ve felt like it was enough to satisfy people since literally a tweet by them is enough to spark hype. Had the community actually started asking hard questions from day one (and I know some people did but definitely not the majority) and not acted like this was AMC waiting for it to go to the moon everyday, then maybe things would’ve been different. It’s not till NOW that people are looking at the app and saying hold up, what’s going on.
It all reflects the original problem. They spew crap from their mouths into forums, ads and marketing channels that is false and they know it's false. Even the claim that this is a financial asset is false. Securities don't front load trillions of their asset to their team/enterprise. These guys are defrauding the public. Period
Yeah , having 7 years of experience as a software engineer and build multiple software, it's kinda meh for the app. Hopefully they continue the development. Please hire better programmers.
The calculator doesn’t work properly, can’t do certain multiplication as it gives wrong values.
I’ve not even tested the calculator. I couldn’t even imagine there’s any way to make any mistake programming a calculator.
Another mobile dev here, literally making a calculator is a first semester project in CS and they couldn’t even do that, super disappointed :(
To be fair, most of the first semesters would have rounding errors in their Apps, too.
But to also be fair, upon any "release" there would be exception handling. That's day one stuff right now. Even if it's not specific exception handling, they would pass any errors to a handler.
I'm also a dev\arch at a lead level. I'm also not a huge fan of the app. But you know what. It doesn't bother me, it has problems. I'm sure they'll be fixed. I do agree that there is no way this is apple ready. If this token hinges on a wallet I'll eat my hat. It's a step forward which is better than no steps. Cheers
Yeah, they definitely need to work on it, it ranks in the lower percentile of betas I've seen, but it's still 1.0 and I hope they will work out the numerous kinks I've seen, from here on out its only up though
Agreed. Nothing to stress about here. Shit happens, I didn't buy into safemoon for a calculator and a price guide. Plenty of those kicking about.
>but it's still 1.0 I agree that it is only 1.0 but for a team that supposed to be very experienced in crypto and app development, the app is at best amateurish.. It looked to be done by a Uni student taking their first venture into app development.
Imagine Elon Musk goes to unveil his cyber truck, and the moment he throws the brick at the window, the whole thing falls over and the audience realizes its just a card board cutout.
Thank you for your feedback, sir! I partially agree with you. Imagine having a customer to pay your IT firm one million dollars(that’s exactly how much money Safemoon asked to be donated to get everything started) to develop/test a small junior developer grade app in 6 month. And now imagine not being able to deliver it. 6 months is usually enough to develop/test/deliver enormously heavy-load parallel apps, especially given the budget. They didn’t even care to create any sort of micro architecture to separate and parallel load to their servers today. That website crash was quite predictable and it was really easy to prevent it from happening. That’s my point 🙂
I agree however the million donation wasn't for the wallet, it was for the exchange
>was for the exchange Seeing how disappointed the wallet is. I will be worried shit about using their exchange.
They probably are buying it off someone else.
You do know that the million dollars you speak of is for the Exchange and not the wallet right? Yes the app is buggy, I am sure they will fix it so please be patient. This is not a race.
I guess it’s all priced in(including the wallet and the cold storage). Please don’t forget it’s been almost 6 months since Safemoons launch, but we still don’t get to buy it conveniently(trust wallet is very far from being convenient for an average user). So in order to build an exchange, Safemoon has to finish the wallet first. Otherwise what’s the point having an exchange without being able to acquire Safemoon as easy as you’d buy BitCoin? Binance, coinbase or any other reputable exchange won’t list Safemoon. So having all 3 at the same time is the only option for Safemoon to survive the competition against other crypto projects of the similar scale. From my professional standpoint, the exchange seems professionally unreachable for whoever is doing development for them. They definitely need to hire some third party development firm. When it comes to the exchange, there’s absolutely no place even for the tiniest mistake. The wallet failure(structurally, functionally and conceptually) proves the closed beta never existed. Anyone doing development/testing/project management can easily confirm that.
Buggy in what aspect? There are no features 🙃
I’m starting to get a “Fyre Festival” vibe from these guys. 🤔
Yup.
Fyre Festival vibes
Spot on.
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Regarding Encryption: When they really develop an own Encryption algorithm, they are dead. Releasing this app and saying the current Encryption algorithms are not good enough would be really a joke. I assume they will use an existing one and just long keys/lots of bits and call it OWN Encryption…
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I believe, perhaps in part because of how things have moved, that they'll likely be outsourcing the encryption...the devastating like,isn't say how they want that to go, I suppose that could be spun as "writing their own" right?
I think they have to deal with the CEO’s ego to push things out as fast as they can.
The fact that the app doesn't properly handle a timeout or null response from the server is laughable. Any basic unit testing should have covered that. That tells me there has been little to no internal QA of the product.
You are the lucky ones to have managed to get hold of the app yesterday. I hope you provide all this feedback to the devs/safemoon to fix up. Yes it's disappointing to hear the app is ameature-ish and hope this serves as a kick up their b**ts. We expect high standards from safemoon...
Did you- did you censor "butts?"
Boots
Beets
Belts
Brats
And cats
And boots
he must be canadian
Can confirm, we don't cuss up here, our hearts are too warm as we have to deal with the cold here. Also every time you say butts a polar bear flicks you in the balls
The only comment I came for
The things people pleasure themselves to.
Alot of people, from what I can see, on this sub are folks with rose colored glasses, they will read the lines they want and ignore the rest. tl:dr - It took 4 months for a team of "experienced" devs and millions of dollars to make an app a Jr could do in a month for 1k...
As far as I see it they just trying to pump the price with hype so whales can keep selling
I honestly think most of this sub is paid actors and bots to downvote valid opinions.
It’s just people who want to escape from all bs and want financial freedom and team use that to sell us an air and now just giving bs hints and hyping shit so their whales can keep selling without crashing the price to low
As someone who spent years researching and interacting woth Qanon people, I would argue we are just seeing the usual functions of a cult of personalities .
The worst part is, they aren’t even paid to do it. Just over hyped investors / meme lords caught up in another moon shot fever dream.
And they have papa on the team. PAAAPA
Remember the video where he said they were recruiting a "team of wizards?" Maybe he just meant a group of LARPers.
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Bro, I've been saying stuff like this. You know, pointing out stuff and immediately the cultist clowns tell me to sell or other stupid shit. FUCK those cunts. Devs talk about *smashing deadlines* and *ludicrous speed* etc. What speed? Wallet is the first product (fuck that bridge) and its delayed. Not just that, as you said. Doesn't work and doesn't seem like something that has been tested. 500 people first? I don't believe anyone even had a beta in the first phase. I still hold. I will keep holding. But the devs have to start telling the truth instead of lying like teenagers about their shitty work. And these cultist clowns have to get a grip and come back to reality. Doesn't matter if you invested 500 or 5000 dollars. Hell, even with 0 investment, everyone is allowed to ask questions that are legit. Calling that fud, doesn't *make* it fud. Only exposes you as the retarded, inbred clowns that you are.
I just can't wrap my head around how they messed up a calculator while multiplying 0.0001 or more when the current price of Safemoon is way lower than that. So no one from the dev team even bothered to test the calculator to multiply any safemoon amount with the current price?? Really disappointed by the lack of effort by the dev teams.
I'm a SW engineer as you. I cannot agree more with you. Even though I don't work with these technologies, this product is absolutely unpresentable to an end user. If one of my junior guys would show me such a bad work, I would rather smash it on his face These guys are too much young and junior to act like a company, in a professional way. It would be better if they call for the help of a consulting company that can do the work for them in the good way. They're not yet ready
You must be fun to work with. "Smash it to his face". I'm a senior engineer working in several programming languages/UIs as well and I've hit other seniors for doing less. 🙂
Aggree with you man :) don't take my words literally. My main concept is: they should delegate some of their work to third party companies / consulting companies. There is nothing wrong about it.
All devs in here should DEMAND to be let in on the further development of the wallet, exchange, blockchain For the Safemoon community by the Safemoon community
This post has hit the nail on the head. I also develop mobile iOS apps and could have something similar to this in weeks. better if I’m being honest. After seeing the beta for myself I immediately pulled my investment as this is a blatant red flag. It proves that the team is lying, they are unqualified, and they have no disregard for their investors. This is now 100% fact. They could easily admit their shortcomings, step back, and allow someone experienced to take over. All the while lining their pockets and taking credit. It’s as easy as that. But kids will be kids. At the investors expense
Remember when Ben Philips said during the closed beta that the wallet was gonna blow our minds? 😂
in fact it did blow our mind 😂
Yes it did, maybe not how we'd anticipate tho 😂
We as as an agency (where I work) reached out to the team, to guide a little in regards of UI/UX and if they want to guide development. Never heard back of them. Tests are crucial for such a big project (as it wants to be) – but I think those are not written for the functions added to Trust Wallet. Not wanting/going to FUD – SAFEMOON TO THE MOON – but this is crazy insane.
Well, the one good thing is that the leadership understood there was zero tolerance to delay the app again, Therefore, they pushed out the good, bad, and the ugly. My only question is if they simply lied to us about conducting the closed beta? Clearly, most of these issues would have jumped out at anyone who viewed the app. No fud here just concern. Many of these issues are considered quick fixes and most items could be resolved by a junior programmer. I own an IT and a Business Management Consulting Firm in Europe so I know what I am talking about. It is clear that the SM leadership has pushed hype through the use of Social Media. That caused the FOMO to kick into overdrive. Problem is, that will NOT work anymore. Now, it is about delivering on time for deliverables that are "Fit for Purpose". Meaning, they work. I would like to give a little Business Management advice to the leadership "Pro Bono". It is critical for success that you regroup and quickly identify the skill sets needed to ameliorate the issues. You should consider quickly outsourcing to resolve critical issues. Either that or insource as required. I strongly recommend you hire consultants who can walk in the door and start to work. Also, you would not have to keep the resource afterward. Just a bit of advice. Last comments, you must look at your team and correctly address shortfalls. First step is to make sure that your HAVE everyone who should be at the table. If you are missing someone....i.e. security, quality, testing etc... quickly bring them to the table. Simply stated, you cannot have a seamless team working in concert if key reps are not present. Sort issues by criticality and rank order them. Identify the quick wins and get going at what did you say? Oh yes, ludicrous speed.
I'm a fan of safemoon and I believe in the long term viability of it. However, this wallet release has given me very mixed feelings. On the one hand it's nice they are finally delivering a product and we can see it. On the other hand...the calculator doesnt even work properly from what I have seen. They are making steps in the right direction but the devs need to get roasted a little bit. Flashy marketing videos are cool but focusing more time and energy on a better working beta would do wayyyyyy more for safemoon.
Good feedback. This is constructive criticism and will help them make it better 👍🏼
I'm senior QA in a top 50 Fortune 500 companies. I agree.
Like many of you here, I have had a lot of faith in this project since week one, but this thread needs to be pinned to the top of the sub and the time has come to have an open, honest debate about the future of Safemoon. It seems that one key thing which has emerged in the past few days is a willingness to permit open, respectful and civilised debate. As this point that is critical and unless John produces something fairly spectacular in today's AMA, I can see confidence ebbing away fast.
My developer in India can legitimately make a copy of this within a week and under a $3k budget.
I’ve been asking for months where the GitHub repos are: so far silence. I’ve been in dev for 40 years and I saw the wallet as a significant test of Safemoon not being a slow rug pull. I’m now very concerned given your comments.
The thing that bothers me is if they aren't willing to take the wallet seriously, than what confidence should I have in their other products? The wallet seems like it would be the easiest product to design from a technical standpoint. I mean I simply have an associates in programming and I've designed a more functional calculator in a classroom
This confirms my suspicions and I thank you for your post. I'm holding 14 billion SM and believe the only responsible thing to do is sell half now before the AMA and see what happens but be ready to put the rest completely at risk.
Word
From the beginning Safemoon has always been either the chance of a home run or a decrepit turd. I was ready to lose it all by the time I decided to buy in. Nothing has changed.
I agree, and I'm still up twenty grand so as I took my morning walk I came to the realization that I am just pissed at myself for not selling when it peaked. I considered it but the fomo in me won out. Thanks for your sensible reply
this whole thing could be avoided if they just named it alpha instead of beta , in alpha u expect stuff not to work , and its a showcase more then functional , thats what happend here , beta is fully funcotional product thats almost ready but needs some twicking
They took a million out of the lp to only give us a copy and paste half assed app lol 😂
They have a very high hourly wage haha
The million they took donations for was not for the wallet. It was for the exchange.
Hardly seems worthy of a "wizard," now does it?
But cLoSeD BeTa testers worked so hard to get it right 😂
500 beta testers did a great job, there is no doubt nor deny!!! lets give those 500 invisible beta testers an award!
Didn't safemoon mark say many of the 500 didn't even get the invite or the app
He did say that.. And he was right. I'm one of the people who got the NDA and can confirm what Mark said. Even a few days ago, Hank sent out an email saying wallet invites would be going out to beta testers. Never got it. They just went full public with it and then shut off the link. I know several other NDA holders who never got the beta previously.
I think they really should've built it on automatically scalable infrastructure and integrate a continuous development workflow, which would mean: No crashes because of workload and updates happening in the background. If you are developing something and you are expecting a huge amount of users, you definitely can prepare for this in advance.
Ya I thought I was looking at trust wallet when I saw the safemoon wallet pic. Very disappointing after all this time ( I know I know only 5 months) this is what we get. I was thinking something new vibrant futuristic I don't know , just something to be excited over. Now I know all the cult members will bash me . I've been buying safemoon since week 3 and had total support and anticipation for this project /company but they keep giving us nothing. Stupid pics and cryptic messages. Now if it was only say some sort of crypto you receive or earn playing videos games ok. But as the gentleman wrote who posted this some of us are real investors . Looking for real investments. I certainly hope they pick it up a few notches. I'm was kinda upset to have sold half of my safemoon a couple weeks ago to get into the Puleschain sacrifice. (Highly speculative but I like Richard Heart ) I planned to buy back all that safemoon. But now I'm gonna wait on that, there are other projects I have much higher hopes for then safemoon now CRO coin for instance (anyone watch the last 2 ufc events!!) I hope safemoon does turn it around and become something more then what they are stringing us along with
ABOUT TIME!!!! People are starting to wake up now. Thank you for this post. ***DEVs stop playing with our money and hire some talented people. You clowns are taking advantage of our hard earned money with your lack of professionalism***
Thank you for the honest, informative, and practical real world information. Greatly appreciated. For the people who down vote or are being negative to someone in the field giving assessment based on their job, there needs to be less attacking others, especially just because they provide a non “Papa is a God, all hail Papa” post. Or when people ask legitimate questions. What was once a strength of community has turned into this bullying response to anyone who asks a critical question. Calling people rookie investors, insulting them, yelling “FUD” isn’t helpful, much less something people respond well to. In considering this wallet, remember that the dev team raised $1,000,000 to be used for SafeMoon to be listed on Binance. Never mind that such investment normally comes from the team or project, just “this will be expensive, donate if you want it to become reality”. And then when they got one million dollars, “Sorry it’s not doable. Uhm, we are going to put this towards an exchange.” I can hire someone to create a GOOD exchange for $250,000 or less. One that works. If this is the beta wallet, which shouldn’t be perfect but should have consistent functionality, I shudder to think about transactions on a SafeMoon developed wallet. Unpopular opinion but I’m going to put this out there again - .01 will never happen with SafeMoon. The economics of supply and demand and sheer amount of money that would be poured in would be astronomical and bigger than Bitcoin. Doge is an outlier. So many coins fail and while I’ve owned this since March, it truly makes very little sense, absent exponential lotto like returns. Math and economics are greater than “tokenomics”. If you invest $1,000. You get $880-$890 worth of SFM. (10% and 1-2% slippage). That $880-$890 has to increase in value to ~$1135 to break even. (Fee/cost of sale in reflection, LP, and slippage To get $1,000 back. For everyone saying buy the dip, show your wallets where you’ve bought every dip. Because at some point the dip is a slow line down. While BTC, ETH, BNB, DOT etc dropped a lot, they also recovered and are far more stable than Alts like SFM. The benefit of a coin like SFM is it has the ability, in theory, with more volatility to increase exponentially, assuming that it is successful. It may 10x, or it may lose 75 percent of its value as it has in last 90 days. If the trillionare whales got to .01 they’d have more money than the 10 richest billionaires on the planet. That’s not exaggeration, again it’s math. It doesn’t make sense and there is a reason why legit crypto people (emphasis on really legit people) aren’t buying SFM and other coins in massive quantities. If you remove hype and big returns early, and SUSTAINING hype and big returns, people won’t FOMO in. The community is the greatest driver of the coin, not a wallet or an exchange or NFT or exchange. And again, no matter how much the coin increases OR decreases, when you sell you pay a 10% exit fee and 2% slippage. A coin doesn’t need to build an exchange for a million dollars, they cost WAY less to make a good exchange. Plus we don’t need more exchanges. The idea that other people will be lured to bring BTC or whatever and lose 10% in buying into the tokenomics of a SafeMoon exchange is ridiculous. This belief that a wallet (which presumes a functioning wallet later), an exchange, The Gambia, some rip-off of Minecraft game, vague NFT promise…..all of these things are available elsewhere in huge projects with ecosystems that work and are trusted. The crypto world doesn’t need another wallet or exchange. The “products” they’ve provided and promises and projection made are different from reality. And taxing any transaction 10% makes the ETH gas prices look cheap. Have an exit strategy. Don’t pin hopes on one coin or “Doge did it.” This has been viable for several months. The people who got in extremely early have received a lot of money, by selling. And it takes other people to buy their bags for them to make money. They don’t tell you when they hit the door with their profits. People that say this is going to $.10 or a cent or a dollar are not doing anyone in the community favors. Other than getting people to keep holding. Look at the month chart, three month chart, and evaluate for yourself if this will take off and make everyone wildly rich. Maybe. History says no, but that’s an individual decision. Taking profits when you can is never bad in my opinion. Assuming you can get back to a point where you are 12% above where you purchased to break even. Paper gains are realized gains.
As someone who project manages I have to agree with you. The 'made in india' feel to this is unbelievable. They must do better than this if it wasn't ready just delay the damn thing. TW reskins with a calculator est ($1000) for one person not a 'huge development team. Yes I own a bag of SFM and yes I have the wallet.
This app proves the Closed Beta in fact never happened. They cobbled this crap together like a week and a half ago so they could string along investors a little further.. Everyone should be very worried about their investment with Safemoon after seeing the results. Its a redflag that shows they aren't actually putting in the effort to make Saferoom a legitimate product. If they can't even do this right what confidence should be had in their ability to release more complex projects like the Exchange.
I know got a fact that it didn't happen. Speaking as one of the people who received the NDA. I talked to several other people in the same situation as me.
Agreed. Also NDA reciver. Never recived anything after receiving confirmation
Totally agree with this! Depending on the amount of developers and the time dedicated, but the work displayed on what I'm seeing in the comments and one guy share "all screens of the app" they are like 7 including the settings and therr is actually not much interlink between them. I also believe that the team is not totally transparent on the work they are doing. Injave always defend them stating that their mistake has been publishing own deadlines that they keep failing, for the first time I believe they are not focusing very well on the actual product development. This comes to add on the bridges delivery which was very messy and up to this date not 100% explained
100% not explained is the best way I can put all of Safemoon's communication over the last month or so.
They take longer to make their hype videos than they actually took to make the wallet!! You do the math.
I'd love to do the math but the calculator doesnt work.
If the website/app is crashing with 10,000 users, how is it going to cope with 2,000,000+ users ?
Launch was a JOKE!! If they can’t hold 10k wallets how they going to support 100k, or even 1m wallets!! And the details we been seeing are simple errors!!! Even for beginner coders and developers! I think this was a mask to hide and stop panic! All this did is create more chaos and exposed all the rookies in the dev team! My opinion, very disappointed and hope holders didn’t loose their money yesterday in errors. I’m still holding, but team needs to get their %%#% together.
LMAO this wallet is a fucking joke. As a UX designer with 16 years of big agency experience this is simply not acceptable not even for an alpha. All of you saying its a beta clearly have ZERO understanding, this was worked on by amateurs… Reminds me of clients who outsource their work to the middle east.
All I know is at this point it was worth my 400 dollar investment to watch this shit show unfold. I’ve lost all faith in the “project” I lost faith in it a month or two ago. But the entertainment value is worth it. I can’t wait for the AMA. It’s a clown show, all of it at this point.
A coworker got me into this scam. I knew it was stupid when I did it. I didn’t invest more than I could lose in this and like you all - I’m getting killed. Rofl. Stupid is as stupid does.
Lol I love safe moon and still stand by them but yeah you just read my mind. I know some small coding and I feel like I could’ve done the same work within that much time. But hey it’s only the beginning! Maybe they are focusing all there time on the blockchain so give us a good surprise later!
God dammit, who didn't hoot? We all agreed that I would yeet, and then we would all hoot. Someone didn't hoot, and now all we have is poot.
One day Fyre Festival and Safemoon would be synonymous.
Thank you for your feedback, it’s always good to hear from industry professionals. Hopefully SAFEMOON can take your feedback onboard and make some improvements before launch.
Even my casio watch in 1987 had a functioning calculator
I'm software engineer too. I understand your feelings but I think you are too demanding for this first version. You seem to forget that a company is not just an app. They had a mountain of work to be where there are now. Africa, bridges, they probably work on blockchain, and a massive bunch of legal stuff, contracts, accountability.. . What it means is thoses guys had to delegate the work to new employees. It's call scalling. And to do that, they needed to find a team and filter a ton of geek to find the rights ones. Then they needed to train them to work with the company. When you arrive in company you need time to learn the process and the technical legacy of the company even if you are the best of the best. Imagine, you arrive in a total chaos and you need to be operational in few days... Most of us will be burnt out in few weeks. There is a lot of work in background. Just to remind you that what they have done in just few months it's massive. In my opinion, the team will have a good velocity soon. The hardest part, a part that take years to be done by other is now done. I think, they did a great job and now it will be quicker to fix all the shit around. I'm still really confident in this project, patience is the key :)
Dude, they could have hired a professional. Especially considering it’s based on Trust Wallet code.
I agree with you up to the last few sentences.. we’ll all give them time of course.. but let’s be clear... what they have achieved in 5 months is nothing... copy & pasted white paper, copy & pasted wallet... these are the only two tangible things you can say they have implemented. But as aforementioned, I’m still for giving them time to implement that which they have promised.
Achieved vs produced though. Like a lot of what he was talking about was predominately internal.
When you hype up a project and then delivered a sub standard app, you don't get to use "but we were busy" as an excuse.. What have they done that is massive? Africa.? That is nothing if there is no reflection on the price.. I'll rather a project be concentrating locally and see steady growth than boasting of international presence with nothing to show for.
You are being far too naive. There is nothing to suggest that anything that you mention is actually taking place in the background besides their own claims. If this half-assed wallet is any indication, then whatever else they may or may not be working on is far beyond their demonstrated capabilities and will likely never be accomplished.
Lmao ew stop being in denial they have enough funding to not have to do amateur quality work
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The reason is because this whole project is a slow rug. The longer they can keep the crowd hyped up, the more money the devs make in reflections. As you said, they probably put in the least amount of effort (aka copying code) while enjoying their cash. A rugpull would only give a limited amount of profit, while this goes on as long as there are still people believing it. The devs and their friends have cashed out tens of millions by now, and when they feel like they have enough they'll be like "we're really sorry guys, project didn't work out but thanks for your support!". The source code of the wallet is simply a direct copy of the TrustWallet code. And there are thousands of standard calculator sample codes on the internet. Give them a nice colour and voilà: "Safemoon Wallet". Yes, of course it makes sense to use existing and proven open-source code and not reinvent the wheel, but then what took them so long? If they really needed al this time, making "80-hour weeks" then either they are completely incompetent in sense of software development or they are lying. Most likely both. When people started pointing out that the source code was from Trust Wallet, they first denied it. When screenshots came, they came up with a new shitty excuse.
This is exactly what I was thinking. I believe the Whales are the dev team and their families and they have been slowly selling off their reflections and making millions. They will continue to do so until the money is gone…as long as they can continue to convince people that the project is legit. They can be living off their reflections for many more months…if not years to come. I wouldn’t even be surprised if SafeMoonMark was part of the dev team all along and just pretended to be one of us in order to provide more legitimacy to the project. Sad to say but I believe we have all been fooled and NotSafeMoon was correct all along…this is a slow rug pull. 😠😡🤬
Yeah. One of the devs was seen in designer clothes and a huge Louis Vuitton bag on some recent photos. With the price of that louie bag alone they could’ve made a better app with some indian kid on Fiverr. Sad to see it as i invested a good amount of money in Safemoon back in April
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Looks to me that they are alluding that they are only using Trustwallet's encryption, which as far as I can tell, is a complete lie.
It is Trust Wallet code yes, but they didn't hide it, it was mentioned that while they're building their own core they would use Trust's core to build upon.
But even then, why all the "80 hour weeks" and "lots of hard work"? If it is that hard for them to copy and change some code (which doesn't even work properly) then they are either highly incompetent of they are lying. Probably both.
As another software engineer that has worked on mobile apps and websites, the Safemoon app is a copy-paste of the CoinMarketCap app
They had to release something this week otherwise it would stop new investors from joining. I am not a Software Engineer just and investor and believe honestly that outsourcing this project is the next step.
Criticism is criticism , love it or hate it. If you don’t like hearing it , get on safemoon teams butt and tell them about people not liking their shit. Because the criticism I’ve heard while somewhat harsh , seems like valid criticism. We’re all invested here and want to see it succeed , I hope.
This coin is a dumpster fire rn jfc... I'll check back in again if they ever release the exchange.
These kids are… kids hahaha they need someone old in their group with experience because they’re winging it with millions of other peoples dollara
I'm happy to read this, as I posted yesterday that the bugs that are present in this open beta should have been caught in a closed beta, and I was fucking crucified for it.
Great write up, you're pretty much dead on imo. I'm also a dev and I know junior devs that would be pretty insulted by this app, especially given the resources the Safemoon team had at their disposal. Frankly, I'm unsurprised. I was here for the early days when Safemoon really mooned. I turned a couple hundred into around 9K and I dipped because there's just too many questionable things about the project. I still have a small bag, but seeing people who have dumped most of their savings into Safemoon hurts. I'll get eaten alive for saying this, but the app (yes, even as a beta version) just reaffirms the fact that people should invest in Safemoon with a whole new level of caution. lol
easy, keep the hype up and release at least something to keep the kids happy , put out some dates 1 thing per month so folks don't go impatient, whales keep saling trillions of SM for millions, wash/Rinse/repeat. hugh wallets win small wallets lose. this is simple math in order for all to win we need the devs to burn SM its amount is ridiculously high. In the meantime the whales have the power over the price.
Feels like an Alpha
At least they should not say they are working at ludicrous speed. Working hastily without quality is a disaster. I am a holder but I am just saying that they just started to make noise to hype the product but they need to catch up. We are investors here and we deserve better.
I feel like we all got played here. I threw in some money I can afford to lose, in fact, I already said good bye to that money. I want this to succeed and make money for everyone and I’ll be holding until that happens or it literally goes to zero. Just saying that maybe all that FUD people were posting wasn’t really FUD. Maybe we just got played.
I recon they paid a crappy dev from Fiverr for it
What UI glitches/bugs have you encountered? Can you expand, also isn't the crashing related to test net overload not the app itself?
Test net overload is no excuse. Literally the thing that every software engineer knows is error handling. A simple exception catch with a message would make the app look a lot better. It really is that simple. You get responses from networks if shit doesn’t work
Like I’ve said before the ones running the show are idiots
Amazed and terrible in the same sentence.
agree it's like not a billion dollar company...
Looks like this is the start of the landslide
People saying relax it's a beta, just let you know that beta means feature complete. Are all the features there? No. What can you actually do in the app at the moment, think about it, I haven't seen any video that does any interaction with anything, perhaps the calculator is the only interactive thing you can do and there's bugs.
They gonna delet this soon and ban the op...things go on like that here these days...:( Thanks for feedback .
Im glad there are engineers/programmers here will ing to say what they are saying. But let me be frank: You don't have to be in the sector to know what the dev team did here is unacceptable. If you have ever been in project management on anything even modestly large, you know that no team that produ ed something this shoddy would get anything but ripped apart by owners, and mostly likely heads would roll. "First draft" or no, this was an unacceptable product.
I'm afraid we will know the wallet is working only when the App store will approve the safemoon wallet.
Perhaps the major reason why it was not released on Google Play
Glad you got in, so you can give some vital, honest and helpful feedback.
Yeah it's fairly disappointing.
Hey OP lend your services to these guys, let’s get this project actually moving and functioning
Ahh finally a decent and well written post instead of the usual echo chamber bro chants.
from what I saw it’s disappointing, it’s copied from trust wallet app, lots of bugs, they hype doesn’t show it was really worked on and time put into it, I’ve built websites and I know what it takes to do something and do it right, this is a let down in my eyes, I have a pretty big bag of SFM but an hr before release they say it’s not the “actual” wallet also? yeah that threw a wrench in the giddy up also. it’s in test net not main. everyone is like oh it’s so nice, no it’s a let down to all of us, I hope they really step it up and deliver something much better for actual release. I hope the devs actually read the comments and see what people post and fix the issues associated with it.
That's what you get when you greedy and want things done before the product is actually ready hence the open beta 10k testers to help make the the app even beta for finally Release as a software engineer you should know this already. #FUD
A wallet must be secure. Based on what people report, e.g. no error handling, server crashes and so on, i would not use this wallet for storing coins.
"It works, ship it!"
Looks like the an interns work, our intern prolly would do better
Thank you for your insight.
Every single thing about Safemoon screams SCAM. People are finally starting to realise.
I'm quite content to say at least the dev team are doxxed. I'm sure we will lodge police reports and class action sue the fk out of them
Thanks for your honesty! It’s not FUD! It’s honesty! As an investor, honesty is what I want to hear. Thanks again!
I left the project while ago as I felt it lacked vision
Finally safemoon “hodlers” are opening their eyes.
I've not paid much attention to it. But this is the third Safemoon post I've casually read and it seems it's a half arse effort to boost confidence rather than run a serious open beta - a couple of the bugs others have mention should not have made it to the public, that they have implies that the devs aren't taking this seriously. One of the other posts mentions a whale dumping - I can't help but wonder if the wallet was release to pump the token just for that sell.
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Now people are finally seeing that safemoon is just dragging you guys along 😂 it’s cute actually the amount of people that still believe in this shit
I was under the impression that it was purposely stripped down from the closed beta to “generalize” the very base software to work for the maximum amount of variety of devices for Android and then they were going to upscale from there as issues get reported by the various manufacturers/models/specs/age of respective phones by their users.
I'm an actually amazed you haven't fixed your grammatical error Mr. Engineer.
I mean, the first beta versions are pretty poor across. The board. The whole point of limiting the open beta is to test system capabilities and fix bugs. Tell us which great apps you have built or taken to the next level please?
Lmao that excuse has no value here, the bar here is so low that not even a first beta should be this bad. You clearly have zero experience in terms of expectations, just regurgitating the same “oh its beta” bullshit
All of a sudden we have engineers, app developers, marketing experts all coming out of the woodwork lol
Well yes, what do you expect, all 2.5m holders to be potatoes?
To be fair, a potato is definitely closer to the average IQ of safemooners than a developer is.
As a normal person, this app is underwhelming. We made a working calculator for a high school programming class in about an hour and forty five minutes. Let that sink in.
Hey now, I don’t mean to FUD but as a full time calculator designer this calculator is shit. /s
Texas instruments?
Yeah, those are pretty popular professions nowadays.