[Ann] Safecoin maidsafecoin

[awrelll]

Can anyone tell me what's my mastercoin adress??

[stereotype]

Can anyone tell me what's my mastercoin adress??

What do you think it is?

[awrelll]

oh cmon... i have no clue even with my masterchest wallet installed and masterchain account.

[dexX7]

oh cmon... i have no clue even with my masterchest wallet installed and masterchain account.

The Masterchest Windows wallet is not yet capable of handeling smart properties, but zathras is working on it for some time now. The way to go is currently masterchest.info and test.omniwallet.org I think.

There is a sort-of tutorial for Omniwallet:

https://docs.google.com/document/d/1tpkuW_BfL63fn3KKv3uVnZ8xj5HiRz7ePM8VXp5isBQ/edit?pli=1

And all related issues have a high priority on GitHub and will eventually be fixed.

STP stands for ... SmarT Property. It's simply an attempt to say "units".

[WildCats]

Ok, so this is how this played out...

It is totally obvious to anyone following this that MaidSafe team trusted MasterCoin Foundation to set up their IPO for them (aka David Johnson of MasterCoin Foundation/BitAngels)

MSC was trading at around .08 BTC before this.

Why would David J of MSC foundation think that it's a fair way to run an IPO to give more than twice the ROI in MSAFE for MSC holders than for BTC holders?
Obviously because he had a lot of MSC.

Then David J of MSC foundation acts surprised that most donations came through MasterCoin when they gave double the reward to MasterCoin.

Either David J of MSC foundation is a complete and total idiot for expecting that this would be a fair and smooth way to operate an IPO or he is a scammer/opportunist/profiteer.

I don't think David J is that much of an idiot.

David J of MasterCoin Foundation SHOULD BE IN PRISON.  If you think this was above board, I have bridge to sell you.


All this is separate from the value of MaidSafe software.
MaidSafe has software that they worked on for a long time on, but I think monetizing it with a cryptocoin is new to them and they are obviously new to crypto and didn't see things that most people saw would be obvious.

Maidsafe has to defend MSC now because it is holding a ton of MSC... too bad for such unethical behavior.  Holding a fair IPO in BTC (much more liquid than MSC) would not have been hard, if you think the purpose of this crap was anything other than profiteering, get real.

[Momimaus]

Maybe someone can help me.

I have my maidsafecoins on the btc blockchain. So I see them on masterchest.info

I have a masterxchange account, but I can´t send them directly, isn´t it?

So I tried masterchain.info wallet.  I added the BTC-address from which I paid the maidsafcoins with BTC.
But I cannot see the coins there. Would should I do now? Put somewhere the privatkeys in or what?

Then I tried omniwallet. If I create a view-only address, then I can see the maidsafes, but I can´t import the keys.

I have the following keys: Hash160; PrivBase58; PrivHexBE; PublicX; PublicY

Can someone help me?

[JPage]

I don't think David J is that much of an idiot.

David J of MasterCoin Foundation SHOULD BE IN PRISON.  If you think this was above board, I have bridge to sell you.

You'd better watch your freaking tongue or I might have to visit you and pull it out for you.  

David Johnston of Mastercoin Foundation is very well known to me and not at all the person you describe here.  I myself have been  critical of certain aspects of the whole MaidSafe funding arrangement - and I have considered much of this carefully.  However, if one thing can be said with certainty, David Johnston breaks his back for the Protocol and ALL interested parties.  I don't believe for one second that you have fairly characterized his true nature.  

I invite you to retract your earlier comments and give Mr. Johnston the apology you owe him.  

[coralreefer]

Is there any more information yet on farming?  Now that the coins are launched it would be nice to setup a vault / farm to earn more...

[FrictionlessCoin]

Is there any more information yet on farming?  Now that the coins are launched it would be nice to setup a vault / farm to earn more...

Maidsafecoin is just a temporary coin until they get the actual system deployed.

Maidsafecoin gets traded 1 to 1 with safecoin when that happens.

So there is no farming till then.

However, doesn't prevent folks from designing and selling hardware for farming!

Looks like starting prices for these farms are at $5,000 with 45 empty storage units.   Fully loaded with 4TB drives... 180 TB TOTAL storage ... will cost you $5,000 + $7380 = $12,380!

Run the numbers and see how much safecoin you can make in a year with this setup.

[jibble]

Is there any more information yet on farming?  Now that the coins are launched it would be nice to setup a vault / farm to earn more...

Maidsafecoin is just a temporary coin until they get the actual system deployed.

Maidsafecoin gets traded 1 to 1 with safecoin when that happens.

So there is no farming till then.

However, doesn't prevent folks from designing and selling hardware for farming!

Looks like starting prices for these farms are at $5,000 with 45 empty storage units.   Fully loaded with 4TB drives... 180 TB TOTAL storage ... will cost you $5,000 + $7380 = $12,380!

Run the numbers and see how much safecoin you can make in a year with this setup.

But also remember that the numbers given in the white paper are based off 2000 running nodes. so if there was to be 16,000 nodes, which at this point is completely possible considering the attention it has gotten and the fact any person interested in crypto mining on their computer can also run this without using any extra electricity or drain their computer. If the number is 16000 or over nodes you looking at 100 a day not 800.

just a warning, because the amount of attention and funding they received which they completely didn't expect will most likely have been applied to the whitepaper numbers as well. and considering its popularity already, i would say 20,000 nodes is a massive under estimation. and the numbers given out on the white paper are for 2000.

[greatwolf]

So how do you buy maidsafecoin with btc now that the ipo is over? Is there any exchange to trade this on?

[coralreefer]

Thanks FrictionlessCoin...I didn't get that from the whitepaper I read.  That helps to put things in perspective 

[Chang Hum]

So how do you buy maidsafecoin with btc now that the ipo is over? Is there any exchange to trade this on?

www.masterxchange.com

[FrictionlessCoin]

Is there any more information yet on farming?  Now that the coins are launched it would be nice to setup a vault / farm to earn more...

Maidsafecoin is just a temporary coin until they get the actual system deployed.

Maidsafecoin gets traded 1 to 1 with safecoin when that happens.

So there is no farming till then.

However, doesn't prevent folks from designing and selling hardware for farming!

Looks like starting prices for these farms are at $5,000 with 45 empty storage units.   Fully loaded with 4TB drives... 180 TB TOTAL storage ... will cost you $5,000 + $7380 = $12,380!

Run the numbers and see how much safecoin you can make in a year with this setup.

But also remember that the numbers given in the white paper are based off 2000 running nodes. so if there was to be 16,000 nodes, which at this point is completely possible considering the attention it has gotten and the fact any person interested in crypto mining on their computer can also run this without using any extra electricity or drain their computer. If the number is 16000 or over nodes you looking at 100 a day not 800.

just a warning, because the amount of attention and funding they received which they completely didn't expect will most likely have been applied to the whitepaper numbers as well. and considering its popularity already, i would say 20,000 nodes is a massive under estimation. and the numbers given out on the white paper are for 2000.

Well the Proof of Resource would be a equation that will include availability and amount of storage.  I don't think the number of running nodes comes into the equation.

I just heard over the radio on NPR that cloud storage solutions are increasing by 30% every year.  One of the big problems is when the cloud company is taken down by the government (see: Megaupload) or gone bankrupt.  So Safecoin actually does satisfy a real need in the space of cloud computing.

 

[stereotype]

Maybe someone can help me.

I have my maidsafecoins on the btc blockchain. So I see them on masterchest.info

I have a masterxchange account, but I can´t send them directly, isn´t it?

So I tried masterchain.info wallet.  I added the BTC-address from which I paid the maidsafcoins with BTC.
But I cannot see the coins there. Would should I do now? Put somewhere the privatkeys in or what?

Then I tried omniwallet. If I create a view-only address, then I can see the maidsafes, but I can´t import the keys.

I have the following keys: Hash160; PrivBase58; PrivHexBE; PublicX; PublicY

Can someone help me?

In blockchain.info, click import/export. One of the buttons on the left (sorry cant remember, from memory) will show you your private/public keys and qr codes of all addresses. Copy the relevant private key (always starts with 5) and import into Omni.
You should have full control now. Dont forget to register your sending address with masterxchange first.

[jibble]

Is there any more information yet on farming?  Now that the coins are launched it would be nice to setup a vault / farm to earn more...

Maidsafecoin is just a temporary coin until they get the actual system deployed.

Maidsafecoin gets traded 1 to 1 with safecoin when that happens.

So there is no farming till then.

However, doesn't prevent folks from designing and selling hardware for farming!

Looks like starting prices for these farms are at $5,000 with 45 empty storage units.   Fully loaded with 4TB drives... 180 TB TOTAL storage ... will cost you $5,000 + $7380 = $12,380!

Run the numbers and see how much safecoin you can make in a year with this setup.

But also remember that the numbers given in the white paper are based off 2000 running nodes. so if there was to be 16,000 nodes, which at this point is completely possible considering the attention it has gotten and the fact any person interested in crypto mining on their computer can also run this without using any extra electricity or drain their computer. If the number is 16000 or over nodes you looking at 100 a day not 800.

just a warning, because the amount of attention and funding they received which they completely didn't expect will most likely have been applied to the whitepaper numbers as well. and considering its popularity already, i would say 20,000 nodes is a massive under estimation. and the numbers given out on the white paper are for 2000.

Well the Proof of Resource would be a equation that will include availability and amount of storage.  I don't think the number of running nodes comes into the equation.

I just heard over the radio on NPR that cloud storage solutions are increasing by 30% every year.  One of the big problems is when the cloud company is taken down by the government (see: Megaupload) or gone bankrupt.  So Safecoin actually does satisfy a real need in the space of cloud computing.

 

while it is quite true there is a real need for cloud computing solutions and maidsafe covers this perfectly, as well as numerous other things.

if they included in the whitepaper the number of nodes and average earnings for that many nodes averagely being on. then i think it is safe to assume that the number of running nodes does have some correlation to earnings because it has been added.

it is also safe to assume that if they calculated that averagely 2000 nodes would produce around 800 coins a day in the begining. then 4000 nodes would most likely half the average amount of potential earnings in coins

[coralreefer]

The other thing I didn't get from the whitepaper is...can these nodes be setup on a basic VPS?  Or due to the high storage demands, does  this require a specialized server or expensive VPS package?

[jibble]

The other thing I didn't get from the whitepaper is...can these nodes be setup on a basic VPS?  Or due to the high storage demands, does  this require a specialized server or expensive VPS package?

From the looks of it, yes its completely possible. Don't know if it will earn enough to cover costs of the VPS . Especially since, if its possible to VPS people will jump aboard until the amount of nodes is so high, the payout per node will be greatly reduced.

I am sure there will be things you can do to increase average earnings, assigning more hard drive space to act as a node and such. But that still doesn't help so much, if 5000 nodes are running, you will be getting much more than if 50,000 are running, no matter how large you choose your node, unless you increased your node size by 100 times


But then again each node might be a fixed amount. i don't think there is anything specific to it in the white paper

[jibble]

jesus did maidsafecoin really drop by >50%??  https://www.masterxchange.com/market.php?currency=maid

buy and sell wall so far apart, if 1 second someone buys and then straight after someone sells its dropped almost 50% in 10 seconds

[Chang Hum]

jesus did maidsafecoin really drop by >50%??  https://www.masterxchange.com/market.php?currency=maid

buy and sell wall so far apart, if 1 second someone buys and then straight after someone sells its dropped almost 50% in 10 seconds

at what price was maidsafecoins purchased at in the ipo? what price did ya get each coin at?

0.000042 buddy!