Is MaidSafeCoin actually a thing?

[coinmachina]

So today I took a look at this MaidSafeCoin.

I think the concept is pretty interesting. In fact I thought about if a coin like MaidSafeCoin could be realized long before I heard about it.

If you don't know what this concept is: You can offer some space of your hard disk as storage to the SAFE network and will in return be rewarded with coins for this. They call this farming and as I understand it this farming is meant to replace the mining you have in other currencies.

I find this interesting because this would actually be useful beyond just securing the network.

My question however is: Can this MaidSafeCoin actually offer a secure distributed currency like bitcoin is or are there any downsides of using this farming instead of mining?

I could not find too much information on the web that would clear this up for me. Maybe someone of you is a bit more familiar with this coin or point me to some detailed explanation of how securing the network is supposed to work with this coin.

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[StratisKing]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

[flipme]

For my taste the concept is pointless. Why de-centralise the web, whats the advantage of that for the average Joe hosting a website.
Storage on a public blockchain has too big an overhead. For what?
It may have applications for private clusters, but there I'd rather go with SIA.
What they came up with so far is rather poor, I tried it and was quite disappointed.

But as a pure speculative investment it is very interesting.
Should be part of every portfolio.
It will be pumped up big time with every new release, big money behind it, no matter whether its useful or not.

[TaunSew]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

MaidSafe started back in 2006, predates Bitcoin and still hasn't launched a product.   That was warning enough back in 2014 ICO and should be a warning today.  Nevertheless, they must be very good con artists because there's still suckers lining up to give them money.

I'm surprised they had not made a top 10 list for vaporware scams.  They raised $7 million from their ICO and they also received millions pre-2014 (and even before Bitcoin was created).

[fortunecrypto]

You might want to look on Burstcoin it's far more profitable than any harddrive based crypto currency,it can easily be mine by any computer all you needis a large space of harddrive and they had a good potential in the market and their community is growing as well.

[Spoetnik]

A "one day" coin.
Another in the long list of one day it will be big "coins"

If a coin was good it would be obvious at the start.. not dropping in price over a span of years going no where.

If you can't recognize a currency that can compete with Bitcoin WHEN IT LAUNCHED then you are an idiot.
And you deserve to get stuck with bags.

[StratisKing]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

MaidSafe started back in 2006, predates Bitcoin and still hasn't launched a product.   That was warning enough back in 2014 ICO and should be a warning today.  Nevertheless, they must be very good con artists because there's still suckers lining up to give them money.

I'm surprised they had not made a top 10 list for vaporware scams.  They raised $7 million from their ICO and they also received millions pre-2014 (and even before Bitcoin was created).

Maidsafe had good concept, but never can be done, what a pity. I was so naive to trust them, from that expensive lesson, I learn many courses, first never trust a project or team with huge money, emotion, and trust. Second, invest efficient team, like Ethereum, not maidsafe 10 years without real release

[TaunSew]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

MaidSafe started back in 2006, predates Bitcoin and still hasn't launched a product.   That was warning enough back in 2014 ICO and should be a warning today.  Nevertheless, they must be very good con artists because there's still suckers lining up to give them money.

I'm surprised they had not made a top 10 list for vaporware scams.  They raised $7 million from their ICO and they also received millions pre-2014 (and even before Bitcoin was created).

Maidsafe had good concept, but never can be done, what a pity. I was so naive to trust them, from that expensive lesson, I learn many courses, first never trust a project or team with huge money, emotion, and trust. Second, invest efficient team, like Ethereum, not maidsafe 10 years without real release

$7+ million dollars is more than Skycar and other famous vaporware. 

[btc_zero_sum]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

it's funny how some idiot on the internet can blame a project made of talented, passionate people just because they aren't able to trade. do you know that as today maidsafe is trading around 12k/14k? if you was a good trader you would be rich but instead you panic and sold, your fault.

yes the project takes years because the scope is gigantic and they aim to create something needed and useful (considering the time we live)

[Nikolaj]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

Sorry for your loss dude, but with a capital of 50BTC you should have at least taken a risk management course.

Rule N'1: NEVER-EVER enter all-in in finance.
Rule N'2: diversify your portfolio
Rule N'3: NEVER AVERAGE DOWN your trades. You could have entered in better markes, with a positive trend (not reinvesting in a down-trend market)
Rule N'4: have a long term strategy or stop-loss plans before making a buy order. Right now you would have earnt 80 BTC (50*1.35) at least, with a double USD amount (MAID/BTC = 10K+)
Rule N'5 (in cryptos): study always the emission rates and profitability. The Rodamap it's totally irrelevant, as Informations in the development (that are made just to fool investors)

Experience as you can clearly see has a cost, but it's better that you anticipate it with cheap common knowledge, not big financial mistakes. MAID it's totally unrelated to your loss, it was just a wrong risk management that made your loss to happen.

These are basic rules, cryptos are no different.

[disconnectme]

Maidsafe coin is one of the project I always wonder why is it in the top 10 on coinmarketcap.com, I was told the project is older than Bitcoin and still no product in market. Maidsafe is one of those dream of building castle in the air project.

[Nevsky]

Alvin said maid will be pump in this month:) what do you think about this? we have 13k already https://twitter.com/onemanatatime/status/820976498077110272

[artdor]

Alvin said maid will be pump in this month:) what do you think about this? we have 13k already https://twitter.com/onemanatatime/status/820976498077110272

Nevsky, I thunk what pump will bee very soon but not in this month. I think that the schedule is specifically written to confuse traders

[Nevsky]

Alvin said maid will be pump in this month:) what do you think about this? we have 13k already https://twitter.com/onemanatatime/status/820976498077110272

Nevsky, I thunk what pump will bee very soon but not in this month. I think that the schedule is specifically written to confuse traders

Who knows, maybe you're right. And he wants to sell his MAID beginners quickly.

[robelneo]

Their project is utopia dream, I invested in maidsafe in 2015, they said they would release the official product "soon". I started to buy from 8k sat to 5k sat, after I went all-in my 50 BTC in maidsafe, they dumped it to 3k sat, I was panic dumped and gambled with left 25 BTC, because I want to make money to cover my trading loss. But tragedy happened, I lost my all bitcoin, now after one and half year, it is still in alpha test, even not in beta test, hilarious slowest development in the world.

I hate it.

That's really bad but it really happen,glad that you posted it here now investors will have a second thought investing here and if they invest they will not pour everything,I have not gone to their thread but they had a very active thread in the altcoin sections..

[enhu]

I was interested in maidsafe few months ago all because a lot of users are trading with it, I check it on coinmarketcap and their volume is ridiculously crazy that I'd wanna get involved. But come to think of it, why are the people in the forum not discussing much of it. Its then that I lay away from it.
I don't really see people in the forum voluntarily promoting it on their signature as well.

[Snorek]

MaidSafeCoin is probably the longest awaited crypto project up to this date. Projects like these have tendency to never be finished.

Their development progress is amazingly slow and so far, AFAIK, they didn't answer the 2 most important questions:

1. How they will guarantee data permanence stored by users?
2. How SafeCoin token will actually be distributed? Reward system is not implemented yet.

[Spoetnik]

MaidSafeCoin is probably the longest awaited crypto project up to this date. Projects like these have tendency to never be finished.

Their development progress is amazingly slow and so far, AFAIK, they didn't answer the 2 most important questions:

1. How they will guarantee data permanence stored by users?
2. How SafeCoin token will actually be distributed? Reward system is not implemented yet.

So madesafe is not even the coin ? LOL
SafeToken ? Not implemented yet ? hahahhahahahah

Reminds me of Kim Dotcom's / Max Keiser's "StartCoin"
Just wait that will be pumped to fuck and back eventually with mass hype.
Kimmy's probably fighting to get pump money released from Tokyo though..
They have been suspicious quiet about that coin here.
No.. there never was an ANN topic here for it either.

..more ponzi bullshit 

[btc_zero_sum]

you guys some time look like those old farts in a pub talking shit about things they don't know a fuck about while drinking loads of beer

something like maidsafe is not as easy as building a website or cloning a repo and find/replace some code, you should read about the history of the project and read what they want to accomplish and if you are even a little bit into technical stuff you would realize how difficult is what they are trying to achieve.

if then people follow any light like brainless flies and throw money at everything in the name of some damn ROI, that's not related with the scope of the project or the people involved

it's so easy to scream SCAM, everything is shit and whatever, but why don't you show some balls and contribute to rewrite the networks and internet infrastructure to achieve the freedom that we lost already long ago?
and to be honest, not having implemented the monetary system yet is only a positive fact because there are way more important priorities than that

[Huge Black Woman]

you guys some time look like those old farts in a pub talking shit about things they don't know a fuck about while drinking loads of beer

something like maidsafe is not as easy as building a website or cloning a repo and find/replace some code, you should read about the history of the project and read what they want to accomplish and if you are even a little bit into technical stuff you would realize how difficult is what they are trying to achieve.

if then people follow any light like brainless flies and throw money at everything in the name of some damn ROI, that's not related with the scope of the project or the people involved

it's so easy to scream SCAM, everything is shit and whatever, but why don't you show some balls and contribute to rewrite the networks and internet infrastructure to achieve the freedom that we lost already long ago?
and to be honest, not having implemented the monetary system yet is only a positive fact because there are way more important priorities than that

Regart'less o' the parts o' your diatribe there that is true, it definitely do seem like this project ain't going nowheres.  If'n it was, it would have already.   I agree 'bout the fart part o' yo post.  An' the ol' white crackas up in here don' even git along wit' each otha.