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Author Topic: Is MaidSafeCoin actually a thing?  (Read 14852 times)
Jabbawa
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January 20, 2017, 02:47:26 PM
 #61


You are so beautifully written. I am just learning all this and certainly not everywhere know how to take a coin. But your words inspire confidence to mejdu. Perhaps I'll monitor it more closely


Thank you, but don't be swayed by anyone's rhetoric. I'm just as biased and limited to my own opinions as the next person. I'm glad if I inspire you to look deeper though because SAFE inspired me and I'm happy to pass that on. I recommend reading their forums and asking questions there. https://safenetforum.org/ There are a lot of smart people willing to feed your curiosity and lead you down a rather deep rabbit hole; it takes a little time and effort to see how all the different technological elements fit together. I've been reading about it every day for 18 months and still have my mind blown on a weekly basis. It's like the most amazing work of art, the most important tool and a socially empowering ideological force all rolled into one. Really it is almost a bit too good to be true! A part of me thinks it can't possibly work just because it's all way too perfect and important. I guess time will tell. I really hope it does. Enjoy having your mind blown over and again as you peel back the layers Wink
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January 20, 2017, 03:50:56 PM
 #62

Quote
. Where real people will actually use it to go dl the latest film, communicate securely, shop on a dark market etc.

Should i have a stab at that quote from earlier here ?  Cheesy

I have uTorrent v2.2.1 still working great.. to download the latest films.

communicate securely ? uhhhmmm LOL
https://encrypted.google.com/search?hl=en&safe=off&q=communicate+securely

shop on a dark market ?
Yup we are all waiting for the FIRST ICO COIN to let us do that.
Me ? I can't wait to get pedo porn crack and guns.. like all of earth.

yup.. "beautiful art" and yup.. mind blown

Maidsafe - Noob Puppet-Account Approved  Cheesy

PS:
I would bet my left nut some of these posters are Vlad and some other well known guys (hiding)

Re: Is MaidSafeCoin actually a thing?
Uhh no.
But they say it will be one day..
Well actually they said there will be some other ICO coin (see previous comments)
Convoluted ICO vaporware ? so far yeah.. sounds terribly original  Cheesy

I am curious how much has the dev etc taken in cash wise so far ?
I know right how dare i ask.. the nerve of me FUD'ing 'em like that  Cry

I CAEN HAZ ICO MONEYZ N0W ?

FUD first & ask questions later™
Jabbawa
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January 20, 2017, 05:56:22 PM
Last edit: January 20, 2017, 07:53:15 PM by Jabbawa
 #63

The fact that you ask and insinuate rather than just checking says a lot tbh. Why cast mud when it would take you 5 mins to check and read up about him and their financial situation and incentives?

David gave all of his shares away to the maidsafe foundation/charity - city kids and education is their area if I remember right. The charity has no link to the business other than controlling David's shares and some of the IP (defensive not offensive patents).

David is an engineer with a vision. He wants to provide privacy, security and freedom to everyone in the digital world. Unlike most dreamers he's been working on his big dream for 11 years (with a team of 15+ talented devs for the last few years). I doubt any of them are in a project like this for the money. They live off nothing in a little town in Scotland and they stretch every penny. Maidsafe holds well under 20M maids now anyway, they will make their money from the apps they build, not the ico coins - which are changed 1:1 for safecoins when the network launches.

If you have an actual issue, misgiving or criticism I'm sure we can play nice and discuss it. I don't know everything about the project, but I reckon I know enough to at least find reasonable responses to any issue anyone has so far mentioned in this thread.

You can clearly see from my history that I am not a shill. I've spent most of my time on here in IOTA thread and I am 'Jabba' on the maidsafe forum. I am clearly a fan of the project. Maybe I'm misguided and it will fail horribly, or maybe you've just made assumptions that you'll live to regret. I guess time will tell what the result is, but either way the upside makes it the best bet in crypto imo (whether or not it succeeds).

I don't care anyway, I have no desire to convince you to get on this train. Amazing projects don't require marketing (like btc), they sell themselves when and if they actually work. Wink It will be amazing if SAFE does work, and even the most critical will then be able to see how obvious it was with the benefit of hindsight Wink
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January 21, 2017, 09:27:35 AM
 #64

The fact that you ask and insinuate rather than just checking says a lot tbh. Why cast mud when it would take you 5 mins to check and read up about him and their financial situation and incentives?

David gave all of his shares away to the maidsafe foundation/charity - city kids and education is their area if I remember right. The charity has no link to the business other than controlling David's shares and some of the IP (defensive not offensive patents).

David is an engineer with a vision. He wants to provide privacy, security and freedom to everyone in the digital world. Unlike most dreamers he's been working on his big dream for 11 years (with a team of 15+ talented devs for the last few years). I doubt any of them are in a project like this for the money. They live off nothing in a little town in Scotland and they stretch every penny. Maidsafe holds well under 20M maids now anyway, they will make their money from the apps they build, not the ico coins - which are changed 1:1 for safecoins when the network launches.

If you have an actual issue, misgiving or criticism I'm sure we can play nice and discuss it. I don't know everything about the project, but I reckon I know enough to at least find reasonable responses to any issue anyone has so far mentioned in this thread.

You can clearly see from my history that I am not a shill. I've spent most of my time on here in IOTA thread and I am 'Jabba' on the maidsafe forum. I am clearly a fan of the project. Maybe I'm misguided and it will fail horribly, or maybe you've just made assumptions that you'll live to regret. I guess time will tell what the result is, but either way the upside makes it the best bet in crypto imo (whether or not it succeeds).

I don't care anyway, I have no desire to convince you to get on this train. Amazing projects don't require marketing (like btc), they sell themselves when and if they actually work. Wink It will be amazing if SAFE does work, and even the most critical will then be able to see how obvious it was with the benefit of hindsight Wink


David did give away all his shares. That is why this thread is very dishonest. How many DEVS here have done that. Satoshi did... in a way. The fact that no money has been removed from his wallet is a big reason for BTC success. It acts like a float, and gives confidence. Maybe Satoshi is a team of people who created BTC and understood that this wallet should never be used. The NSA wrote a nifty paper in 1997 about electronic cash. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm . For you conspiracy theorist, here's a name of one of the dudes cited on the paper... Tatsuaki Okamoto/ Sattuaki Makomoto/ Satoshi Nakamoto. Ok, that's a stretch. Lol! The guy or guys who lost money because they made a bad trade... sucks, but play the next hand. The maid community could be blamed for being over enthusiastic, but not a bunch of scammers.

As far as Spoetnik? I think his credibility speaks for itself on this one. David gives away all his shares and he is a scammer. Wow! Go to the main section and watch the LEGENDS discuss segwit, Economics, Politics etc. REAL LEGENDS have the ability to educate, because they have experience, and knowledge. Spoetnik has experience, but so what! Is he educating people? No, he's miss informing them. This is fake news, and that makes him fake. Do you trust CNN? If you do, then listen to Spoetnik. They both have no respect for the truth, but demand to be taken seriously. If Spoetnik knew all the information about the big projects, and critiqued them based on a variety of factors, both pros and cons, then he would be doing his job as REAL LEGEND.
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January 21, 2017, 09:55:47 AM
 #65

The fact that you ask and insinuate rather than just checking says a lot tbh. Why cast mud when it would take you 5 mins to check and read up about him and their financial situation and incentives?

David gave all of his shares away to the maidsafe foundation/charity - city kids and education is their area if I remember right. The charity has no link to the business other than controlling David's shares and some of the IP (defensive not offensive patents).

David is an engineer with a vision. He wants to provide privacy, security and freedom to everyone in the digital world. Unlike most dreamers he's been working on his big dream for 11 years (with a team of 15+ talented devs for the last few years). I doubt any of them are in a project like this for the money. They live off nothing in a little town in Scotland and they stretch every penny. Maidsafe holds well under 20M maids now anyway, they will make their money from the apps they build, not the ico coins - which are changed 1:1 for safecoins when the network launches.

If you have an actual issue, misgiving or criticism I'm sure we can play nice and discuss it. I don't know everything about the project, but I reckon I know enough to at least find reasonable responses to any issue anyone has so far mentioned in this thread.

You can clearly see from my history that I am not a shill. I've spent most of my time on here in IOTA thread and I am 'Jabba' on the maidsafe forum. I am clearly a fan of the project. Maybe I'm misguided and it will fail horribly, or maybe you've just made assumptions that you'll live to regret. I guess time will tell what the result is, but either way the upside makes it the best bet in crypto imo (whether or not it succeeds).

I don't care anyway, I have no desire to convince you to get on this train. Amazing projects don't require marketing (like btc), they sell themselves when and if they actually work. Wink It will be amazing if SAFE does work, and even the most critical will then be able to see how obvious it was with the benefit of hindsight Wink


David did give away all his shares. That is why this thread is very dishonest. How many DEVS here have done that. Satoshi did... in a way. The fact that no money has been removed from his wallet is a big reason for BTC success. It acts like a float, and gives confidence. Maybe Satoshi is a team of people who created BTC and understood that this wallet should never be used. The NSA wrote a nifty paper in 1997 about electronic cash. http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm . For you conspiracy theorist, here's a name of one of the dudes cited on the paper... Tatsuaki Okamoto/ Sattuaki Makomoto/ Satoshi Nakamoto. Ok, that's a stretch. Lol! The guy or guys who lost money because they made a bad trade... sucks, but play the next hand. The maid community could be blamed for being over enthusiastic, but not a bunch of scammers.

As far as Spoetnik? I think his credibility speaks for itself on this one. David gives away all his shares and he is a scammer. Wow! Go to the main section and watch the LEGENDS discuss segwit, Economics, Politics etc. REAL LEGENDS have the ability to educate, because they have experience, and knowledge. Spoetnik has experience, but so what! Is he educating people? No, he's miss informing them. This is fake news, and that makes him fake. Do you trust CNN? If you do, then listen to Spoetnik. They both have no respect for the truth, but demand to be taken seriously. If Spoetnik knew all the information about the big projects, and critiqued them based on a variety of factors, both pros and cons, then he would be doing his job as REAL LEGEND.

There is nothing "wrong" with my credibility.
The worst i am guilty of is posting FUD too much and maybe being a bit dramatic about it sometimes.
Such as the negative rating the little Monero assholes gave me.. which i explained a little in my SIG Rating link here.
They were in fact caught up in drama and others posted it here and i REPEATED it summarized.
I posted a topic title using keywords plucked from the Monero idiots own words.
Apparently they felt that was misleading so that meant i was "lying"
How can a quote be a lie ?

Hate to break it to ya but i am guilty of fuck all because i am not scrounging around like a scumbag hiding behind Bitcointalk puppet-accounts for profits.
Any and all activity i have ever been involved with is 100% an open book.

David gives away all his shares ?
*IF true who cares does that validate the technical way this coin was launched ?
It is still an ICO no ? Or do the ends justify the means once again ? (the biggest cliche'd ICO defense retort)
By the way..
I keep telling you all i have been simply giving away my Bitcoin to dev's for free coding they do.
Further more i can rattle of coin names i am still a bag-holder of because i never did dump them before they ended up getting delisted. (such as CryptoBits and JackpotCoin)

I also have had a perfect trade record with users in the crypto world and gotten good feedback to prove this.
Any negative feedback was because someone didn't like my so called "FUD" and figured they would be a brat and *try and punish me with a negative rating to teach me a lesson.

And i am a Legend here.. i put in the work and earned the title.
Not only that but i did not game the system like many of you did.
I have known all along that there is methods of increasing your rank here faster but NEVER made any effort at all to exploit it.
Yup.. +1 cred for Spoetnik again  Cool

Further more..

You are STILL causing a diversion.
You don't want to talk about this topic and instead are coming after ole Spoetnik personally trying to discredit me ?
Why ? Apparently you are highly threatened by my opinions here that you *claim mean nothing.
If that was the case i think you would have simply ignored me.

"he's miss informing them." ..you say ?
Uhh where is that ? Show me where i lied.
If i put a spotlight on bad things then it's you that is guilty not me.

And am i seriously still having my credibility attacked by a name changing NOOB Account here ?  Cheesy
Who has credibility here ? Sure as fucking hell not the mouthy nobody puppet-account that showed up ROFL

Simple solution.. be honest.

Man up admit your shit, fix it as best you can and then move on.. case closed.
Clawing away at people who point out IGNORED problems is not going to help.
If it's not me who points out what i did it will be someone else anyway..
After all i didn't make this topic did i ?
..yet once again i am the one who is taking the wrath over it (this happens all the time)

FUD first & ask questions later™
Jabbawa
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January 21, 2017, 10:39:48 AM
 #66

The negative trust clearly means a lot more than the volume of stuff posted - as evidenced by your vacuous posting here.

Anyone can sit there all day writing the first thing that pops into their head. If it's drivel you will become well-known for posting a lot of rubbish and end up earning negative trust rating (as has happened with you). If you share considered and researched opinions rather than just every random thought that jumps into your head then people will end up taking what you say more seriously.

I think you have to be either well-informed or at least technically literate to be taken seriously don't you? You can't expect anyone to care if you claim the volume of rubbish you've spoken over the years somehow makes you credible. It's quality, not quantity that matters.

If you have any specific, relevant, real issue with the maidsafe project that you want to know more about then you can find someone to discuss it with you I'm sure. You just want to FUD though, you don't care what it is or how little you know about it. You have already made up your mind, you don't have any real questions or you would have found the answers yourself. That's fine. No one here wants to change your mind. You stick with your opinions. You might as well be any tool in the polo trollbox. Having your name in pink also doesn't mean you aren't full of crap. Most people are more interested in real information than the opinion of someone who confesses that they know nothing about it. If they're more interested in opinions than facts then they deserve what they get.

I'm done bumping this thread now. What's that saying?! "There's no point arguing with idiots, they just drag you down to their level and then beat you with experience."

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January 21, 2017, 11:06:40 AM
Last edit: January 21, 2017, 11:24:40 AM by Chew Kok
 #67

Spoetnik... "being a bit dramatic" and it hit me like a ton of bricks. I read that and thought... idiot! Myself that is! You're not a troll, you're an entertainer! David giving away his shares means dick. He's still a scumbag! ICO has tainted the project... end of discussion! Now that's the work of a Straw man or an Entertainer. A Straw man needs more hay than that, so a WTF? = Bugs Bunny and Daffy. https://www.youtube.com/watch?v=F-t8PngHgWY You're definately Daffy!  Tongue

EDIT: Jabbawa, never talk about his trust rating! He becomes another cartoon character! Popeye, and defending his trust rating is his can of spinach! It gives him energy to justify his presence. Crazy people who are so far off the reservation, are often associated with illusions of grandeur. Has Spoetnik ever claimed to be the smartest person here, or own this place? He entertains, but he's also deranged.
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January 21, 2017, 11:38:56 AM
 #68


You are so beautifully written. I am just learning all this and certainly not everywhere know how to take a coin. But your words inspire confidence to mejdu. Perhaps I'll monitor it more closely


Thank you, but don't be swayed by anyone's rhetoric. I'm just as biased and limited to my own opinions as the next person. I'm glad if I inspire you to look deeper though because SAFE inspired me and I'm happy to pass that on. I recommend reading their forums and asking questions there. https://safenetforum.org/ There are a lot of smart people willing to feed your curiosity and lead you down a rather deep rabbit hole; it takes a little time and effort to see how all the different technological elements fit together. I've been reading about it every day for 18 months and still have my mind blown on a weekly basis. It's like the most amazing work of art, the most important tool and a socially empowering ideological force all rolled into one. Really it is almost a bit too good to be true! A part of me thinks it can't possibly work just because it's all way too perfect and important. I guess time will tell. I really hope it does. Enjoy having your mind blown over and again as you peel back the layers Wink


Thanks for the reference to a forum. I esteem surely that is written there by clever people. I have begun to study this subject enough recently and now I read everything that catches sight. Really the subject of cryptocurrencies is very curious. I as well as you, sometimes, think that all this is too good to be the truth and still it there is a truth. Good luck to you, friend



BIG WINNER!
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January 21, 2017, 01:02:23 PM
 #69


You are so beautifully written. I am just learning all this and certainly not everywhere know how to take a coin. But your words inspire confidence to mejdu. Perhaps I'll monitor it more closely


Thank you, but don't be swayed by anyone's rhetoric. I'm just as biased and limited to my own opinions as the next person. I'm glad if I inspire you to look deeper though because SAFE inspired me and I'm happy to pass that on. I recommend reading their forums and asking questions there. https://safenetforum.org/ There are a lot of smart people willing to feed your curiosity and lead you down a rather deep rabbit hole; it takes a little time and effort to see how all the different technological elements fit together. I've been reading about it every day for 18 months and still have my mind blown on a weekly basis. It's like the most amazing work of art, the most important tool and a socially empowering ideological force all rolled into one. Really it is almost a bit too good to be true! A part of me thinks it can't possibly work just because it's all way too perfect and important. I guess time will tell. I really hope it does. Enjoy having your mind blown over and again as you peel back the layers Wink


Thanks for the reference to a forum. I esteem surely that is written there by clever people. I have begun to study this subject enough recently and now I read everything that catches sight. Really the subject of cryptocurrencies is very curious. I as well as you, sometimes, think that all this is too good to be the truth and still it there is a truth. Good luck to you, friend

SO.. Maidsafe is a crypto currency ?
All that deeper research on better forums tell you if it uses a block-chain ? or if it is an ICO ?
Or is it just "beautiful art" ? Wink
Can we peel back the layers ?

I thought i was the entertaining one here but apparently the little NOOB called "Chewing Cocks" has yet MORE Youtube links he would like to share with us.. did any of you click on it ? I sure as hell didn't.
I have better things to do with my time like learning about crypto C U R R E N C I E S

..did i emphasize "Currency" enough ?  Grin

Hmm this is a "Curious thing"

Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Post reply ( Re: Is MaidSafeCoin actually a thing? )

So, lets recap.. an ICO scheme thingy-mabobber doo-hickey whatchya-macallit thing-a-majigger (for profits on Exchanges) STILL after years is collecting more ICO money for a coin that is not the coin (the real coin comes later ?)
Posted in a section called.. Alternate "cryptocurrencies" ?

OR.. is this the forum section called Internet Panhandling ICO schemes for fun & profit ?

What part of this is the "Currency" ? The ICO raising funds part that goes on and on year after year ?

How much have they "raised" so far ? And has it been publicly accounted for fully ?


..sounds like some expensive "art"  Cheesy  Grin

FUD first & ask questions later™
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January 21, 2017, 01:26:00 PM
Last edit: January 21, 2017, 06:33:02 PM by Jabbawa
 #70

Wowzer, you really do know nothing about it do you?! It sounds like you think Maidsafe is building a currency?! Why don't you go and read up about how wrong that assumption is instead of asking others to spoon feed you?

Maidsafe are building SAFE network. A decentralised internet which has nothing at all to do with blockchains, nor does its 'currency' use one. The incentivisation model includes a commodity (safecoin) that acts like a fuel and is burned when used to store, serve, download data (nothing like a currency really). Users of the network are encouraged to provide their spare resources with safecoin rewards. This 'currency/commodity' is the smallest and least impressive part of what is going on here. It's like talking about a new car and referring to the keys and petrol tank as if they were what really mattered.

10% of the safecoin cap was pre sold at ICO. That's it. There's been no more ico funding. They have raised other capital with things like BttF funding and business partnerships. They are also now partnered with Glasgow Uni Computer Science dept for Christ's sake, how unscammy can you get?! The other 90% of safecoins will be farmed and recycled through the system when the network launches.

Everything they have raised and spent has been 100% transparent and public. All the Maidsdafecoin holding tokens are on the blockchain and we know what coins they hold and where they are. Their running costs and budget have all been pretty transparent too.

There's literally no project in crypto that is more legit and less money grabbing than maidsafe. At least get with the programme and say they are too ambitious and it won't work on a technical level. Those are reasonable lines to FUD. You look like a proper moron if you claim they are scammy or money grabbing. It takes all of 5 minutes to do enough research to see that is clearly not what is going on with them.

Ok, I mean it this time. No more rising to it...
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January 22, 2017, 01:02:52 AM
 #71

This is the currency section isn't it ?

FUD first & ask questions later™
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January 22, 2017, 01:08:57 AM
 #72

I read an article online where the author put MaidSaifcoin among top 5 crypto's .I was so convinced with that piece of article that I invested everything I had in it.
I think I was lucky that price went up recently and I sold all my MaidSaifcoin holdings.
I made a good profit with it.
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January 22, 2017, 01:49:01 AM
 #73

I remember Peter Todd being pretty skeptical about this project. Something to do about how they lack "proof of redundancy". I'm not a tech guy, so if Peter Todd is skeptical of something, I usually go along with him. Anyway, good luck to all those investing on this project, because if this works out it's going to be pretty awesome, but I'm not giving this coin 1 cent unless they start showing some concrete results.

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January 22, 2017, 05:35:51 AM
Last edit: January 22, 2017, 05:49:23 PM by Spoetnik
 #74

I want people to hold them accountable (in the absence of crypto regulations)

What we historically see on Cryptsy or Poloniex etc are 3 letter coded "currencies" being traded.
And not much more (not easily anyway)
If there is write up's they are fluff pieces by PR minded people painting a picture they want to portray..
making sure of course they put their best foot forward.

For example there may be a description on Cryptsy way back on what Maidsafe is etc.
But, they are probably not going to say it bluntly..
They are not going to start off saying "Maidsafe is a complicated ICO scheme"
You are going to get a techno mumbo jumbo runaround about it all.
*If* anyone actually cared to go find out what the shit actually is.

Ya know people i am pointing out the lack of Accountability AND Transparency that routinely goes on.
Which is bad in a variety of ways.. such as triggering the wrath of US govt agencies etc.
That is the essence of the anti-money laundering laws after all.
It is what they were created to accomplish in the first place.

So what i am saying is..
A lack of Accountability & Transparency is an INVESTOR RISK (if you are morally ok with the scheme)
I am saying that some of these projects could be treading in a risky area with governments and be subject to heavy fines or other actions that could with out notice decimate the project and there for your coin prices in your wallet on an exchange.. with no warning !
You simply wake up and you're fucked.

I don't see anyone fumbling over themself to explain how much the Maid guys pulled in and spent.
Just talk about how much money you made off the ICO.

I would group a lot of projects simply by pointing out they are an ICO of sorts.
That alone would turn me off of them.. but it goes further than that.
I would also have a secondary group of risk for "Schemes"
Maidsafe, Ethereum, BlockNET, Ripple, Steem, Bitshares.. all kinds of these things are highly sketchy to me.

Many are not even really trying to be a currency and that is a problem !

I came to Bitcointalk to support currencies not scheme created out of coin code for profits.
I hope you all get what i am driving at and why i bothered to post here.

Do what you want but i hope you see the very real risks i do.
They say this is all like the wild west.. so keep your gun loaded by your night stand when you sleep Cheesy

FUD first & ask questions later™
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January 22, 2017, 08:38:42 AM
 #75

I remember Peter Todd being pretty skeptical about this project. Something to do about how they lack "proof of redundancy". I'm not a tech guy, so if Peter Todd is skeptical of something, I usually go along with him. Anyway, good luck to all those investing on this project, because if this works out it's going to be pretty awesome, but I'm not giving this coin 1 cent unless they start showing some concrete results.

I'm not really sure what he might have meant, but I do know SAFE has changed a lot as they have solved challenges over the years, so perhaps this was an issue from some time ago? Or perhaps just something he has misunderstood and not taken the time to delve deeper into since? The network stores data with redundancy. One could certainly prove that with a code audit. It utilises proof-of-resource instead of proof-of-work. I'm not sure what Peter's issue might have been, but maid is such a huge animal I'd guess he just didn't look all that closely or hasn't kept his eye on it.

I think your conclusion is perfectly fair though. We can't all be experts at everything and sometimes we need to choose who to trust. I trust Peter Todd on most tech matters too, not when it comes to SAFE, but certainly anything blockchain related. I have a similar sense of trust in David Irvine. I'm sure if he and Peter were to sit down together they would find they agree on a lot more than they disagree on. I think a lot of people are waiting for something more concrete and useful before they invest; perhaps they are the smart ones for being cynical rather than optimistic?! Wink There will certainly still be a lot of investor upside left post-launch with a lot less risk.

@Spoetnik well that's fair enough. I'm not sure this is really place for that kind of reminder though. There are a lot of ICO scams and a lot of people are piggy-backing the blockchain buzz to make money. Maidsafe has been working on this since 2006 though. It's completely understandable for them to go the ico route in 2014 to raise more capital. They were offered VC money but it came with too many strings. They have avoided VCs for good reason. Since then they have been burning less money than almost any other project (they've been stretching like £70k pm for like 15 staff and an office building etc for 2.5 years). They then sold a bit of equity in maidsafe the company (not the safenetwork or future economy of it) to qualifying investors on BttF. That was not crowdfunding. You have to be a qualifying/professional investor and most of us do some DD before we invest on there. They got lucky there and the BTC they raised has doubled in value in the boom and they are sitting on enough money to ramp up hiring in time for network launch.

SAFE is old and completely original. It's not an 'alt'.

"I came to Bitcointalk to support currencies not scheme created out of coin code for profits.
I hope you all get what i am driving at and why i bothered to post here."


Well SAFE is not the place for you really then imo. They are building a decentralised internet, not another competitor in the trust market for a store of value. SAFEcoin value will be determined by its utility, so it doesn't need anyone to 'support' it or believe in it really. It only needs people to find it useful once it exists. There's no desire to sell anyone any cool-aide here. Maidsafe don't hold many maids now, they don't care much about the price of the holder token and they don't spend their money on marketing. When the network launches they don't want you to run off and buy coins or invest, they want you to share your spare space with a couple of clicks, and then you'll earn the coins you need to use the services for free. It should be pretty empowering... complete privacy and censor resistance have BIG implications. It also can't be turned off by maidsafe or anyone else, so govt responses won't matter much imo.

I get what you're driving at and I agree that most of the shit in crypto is better avoided, but you've chosen the only project in this huge space where your concerns are totally misplaced imo. I'm not advising anyone to invest, but we should all support the idea and the team. This is legit and if it works it will mean digital emancipation and the implications will be huge and pretty immediate! I'm not just in this one for the money, I'm obsessed with it because I think the world needs it. It's a shame it has been lumped in the pile of DLT projects because it dwarfs the potential of any simple blockchain spin off.

So while you think you are here being the good guy warning people off, I think I'm the good guy for helping people to understand what it is all about.

Let's just agree that investing in ICOs is usually stupid and most people will be throwing their money away, the ones who make money are usually the ones who run with their profit instead of bag-holding (sadly). I think we can also agree that no one should be advising anyone to invest in any crypto projects. If someone is giving you that advice on BCT then they are very unlikely to have your best interests a heart. The Op here just asked for more info though didn't they?! People have been sharing their specific thoughts about the project. Your generic thoughts about all 'alt coin' projects seem misplaced here no? People want to read about maidsafe in this thread, not someone stating the obvious that this space is full of vacuous and leechey projects.

I wish SAFE wasn't so hard for people to get their heads around, but seeing is believing and understanding, so if they pull it off there won't be any need for impassioned explanations, it will quickly become obvious to everyone why and how SAFE can make their lives better (no need to invest for that and no risk of losing anything).

I hope we can all get behind this cause and farm when it launches. This isn't a competition and maidsafe isn't pitching something they want you to buy or spend money on. They just want to make use of the spare resources you don't use, so we can all take back ownership and control of our data. Spare (free) will always outcompete economies-of-scale (cheap), so this has the potential to permanently decentralise the data paradigm.

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January 22, 2017, 08:50:35 AM
 #76

You keep forgetting Maidsafe is highly experimental - 90% chance of failure. But if they pull it off, the possibilities are astounding.

The politics are typical as with all markets. But the science is showing some growth though.

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January 22, 2017, 09:45:13 AM
 #77

You keep forgetting Maidsafe is highly experimental - 90% chance of failure. But if they pull it off, the possibilities are astounding.

The politics are typical as with all markets. But the science is showing some growth though.

Concise!  Tongue

I agree completely, although I'd give them a better than 10% shot, your post says it all in a nutshell.

If 'vaults-from-home' work properly this time (hopefully in the next week or two) it will be pretty big news and another big step on the road to a live network.

Exciting time to be alive Wink
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January 22, 2017, 10:34:51 AM
 #78

You keep forgetting Maidsafe is highly experimental - 90% chance of failure. But if they pull it off, the possibilities are astounding.

The politics are typical as with all markets. But the science is showing some growth though.

Concise!  Tongue

I agree completely, although I'd give them a better than 10% shot, your post says it all in a nutshell.

If 'vaults-from-home' work properly this time (hopefully in the next week or two) it will be pretty big news and another big step on the road to a live network.

Exciting time to be alive Wink

Personally i going to start buying a few maidsfae coins here and there.I feel it worth it at 10 cent a coin ,I feel if they do a pump and dump scheme it will at least go up to a dollar at some stage where i can sell enough  to break even make a small profit.If it goes bust  then o well

.
SPIN

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January 22, 2017, 03:26:46 PM
 #79

You keep forgetting Maidsafe is highly experimental - 90% chance of failure. But if they pull it off, the possibilities are astounding.

The politics are typical as with all markets. But the science is showing some growth though.

Concise!  Tongue

I agree completely, although I'd give them a better than 10% shot, your post says it all in a nutshell.

If 'vaults-from-home' work properly this time (hopefully in the next week or two) it will be pretty big news and another big step on the road to a live network.

Exciting time to be alive Wink

Personally i going to start buying a few maidsfae coins here and there.I feel it worth it at 10 cent a coin ,I feel if they do a pump and dump scheme it will at least go up to a dollar at some stage where i can sell enough  to break even make a small profit.If it goes bust  then o well

I have bought a quantity of coins several days ago. Too heard that they will be pumping soon. Here I hope that I won't be upset with them. Then to manage to sell the main thing in time to make good money.



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January 22, 2017, 05:58:26 PM
 #80

You keep forgetting Maidsafe is highly experimental - 90% chance of failure. But if they pull it off, the possibilities are astounding.

The politics are typical as with all markets. But the science is showing some growth though.

Concise!  Tongue

I agree completely, although I'd give them a better than 10% shot, your post says it all in a nutshell.

If 'vaults-from-home' work properly this time (hopefully in the next week or two) it will be pretty big news and another big step on the road to a live network.

Exciting time to be alive Wink

Personally i going to start buying a few maidsfae coins here and there.I feel it worth it at 10 cent a coin ,I feel if they do a pump and dump scheme it will at least go up to a dollar at some stage where i can sell enough  to break even make a small profit.If it goes bust  then o well

I have bought a quantity of coins several days ago. Too heard that they will be pumping soon. Here I hope that I won't be upset with them. Then to manage to sell the main thing in time to make good money.

It is painful seeing words like pump to discribe the success of a project, so maidsafe is only designed to be a pump and dump coin. This project baffles me how is able to sustain the price, the project has been on for some time and nothing to show for the investment received to develop the project, one day it will actually be done on people that most of these tokens are just designed for experimental purpose and nothing else.
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