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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 533423 times)
zeeman
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June 06, 2016, 09:35:17 AM
 #1761

Even though I own Maidsafecoin I don't talk price that much. But after all the FUD and nonsense out here, it seems MAID is still higher than
a month ago if we look at the chart...



Hope we'll see TEST 4 in the coming days, would be great.

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June 06, 2016, 11:33:49 AM
 #1762

I don't care about the price ATM. I give them time to develop and after that we can discuss it really Smiley

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June 06, 2016, 11:13:20 PM
 #1763

Maid taking 100btc dumps to the face right now...

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iCEBREAKER
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June 06, 2016, 11:34:24 PM
 #1764

Maid taking 100btc dumps to the face right now...

Maybe people are starting to realize the "MAID" product sold at Poloniex has zero value backing it, as it merely represents a ticket to ride some vaporous non-existent rollercoaster, if that rollercoaster is ever built.

The Kraken guys don't list that kind of pure trash, because they "want to stay out of prison."

Cite: https://soundcloud.com/tuur-demeester/jesse-powell-on-why-kraken-is-not-touching-thedao-im-trying-to-stay-out-of-prison

I guess Polo thinks they have better lawyers than Kraken, or feel the extra BTC they make from Maid trading fees is worth the risk.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
dbt1033
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June 06, 2016, 11:43:37 PM
 #1765

Maid taking 100btc dumps to the face right now...

Maybe people are starting to realize the "MAID" product sold at Poloniex has zero value backing it, as it merely represents a ticket to ride some vaporous non-existent rollercoaster, if that rollercoaster is ever built.

The Kraken guys don't list that kind of pure trash, because they "want to stay out of prison."

Cite: https://soundcloud.com/tuur-demeester/jesse-powell-on-why-kraken-is-not-touching-thedao-im-trying-to-stay-out-of-prison

I guess Polo thinks they have better lawyers than Kraken, or feel the extra BTC they make from Maid trading fees is worth the risk.

10 years of development and no product...blown funds...broken promises.  

The house of cards is only beginning to fall.  


Coinigy trading pros analyze MAID:
https://www.youtube.com/watch?v=kvyJSTel0lE

Check out the second half of the video.  These guys know what they are talking about and say it's a horrible buy.


Keep in mind that once the roller coaster is built, I'm sure there will be many loopholes to exploit (the final product is not blockchain based).

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ShonkJonk
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June 07, 2016, 12:53:06 AM
 #1766

Was a large holder and have slowly reduced over the last five months (since they under performed their self-imposed release targets, stemming from 2015).

The recent "appropriation" of what should be non-existent funds is disgusting and prompted my exiting altogether of, for want of better term, investment.

The leaden footed approach by one of their staff members, revealing the company's cash position, projection of cash burn and announcing appropriated funds would effectively be sold against the community on market is laughable from a professional point of view. No responsible director would say this, or more importantly, do this. It weakens their potential with VCs, it destroys community trust and it obviously devalues the current token - the basis of Market Cap - the one ticking indicator that any outside financier cares about; How is this a smart approach?

MAID have failed to deliver and appear to not have the capacity to figure out security - a complex undertaking on its own. It's telling they wish to appropriate the entire sum of ill-gotten Maid (up to 24M Maids? ... up to $1.4M?) and have dollar-costed this to being worth 1 year of forward development. Again, why tell the market this, you will only attract shark VCs.

This is not taking away from the talents of their programmers, including the CEO, of their work on a very technical exercise indeed. Hats off, gents! If you succeed someplace then investors such as myself will look again - depends. Until then, you've evaporated my trust and others such as myself who are looking for innovation and delivery. That's the market reality. When you kick us, we kick along.


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June 07, 2016, 01:35:11 AM
 #1767



The recent "appropriation" of what should be non-existent funds is disgusting and prompted my exiting altogether of, for want of better term, investment.


"Investment" is exactly how the courts and regulators will approach security fraud like MAID.

Functionally, it's almost the same as the infamous ventures listed on Bitfunder, Havelock, and BTCT.

The only change is in the name, so exchanges can pretend to be more at "arm's length" and merely allowing coin trading rather than acting as a stock market per se.

The Judge won't be amused at such obnoxious attempts to skirt the letter and spirit of the law.

Poloniex profiting from IPO/ICO quasi-investment scams like MAID is the biggest danger to their customers, more than hax0rz or whatever.

They're waving a bright red flag at the .gov bull, putting all decent XMR speculators in danger just to squeeze a few pennies out of the latest hyped scamvestments.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
ShonkJonk
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June 07, 2016, 01:41:34 AM
 #1768

> Bitfunder, Havelock, and BTCT.

Some interesting names / topics for me to look at. Thank you.

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zeeman
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June 07, 2016, 08:07:53 AM
 #1769

Troll-Hour is over folks, go away if you don't like this project. Or do you folks listen to music you don't like as well?
Here's a way for everyone to connect to the stable droplet-network.



While we're waiting for TEST 4 in which people run Vaults from their homes again, the Maidsafe Devs decided to put up
a stable network on their droplets to make sure other devs can test with a stable network, API etc. For those that want
to try out The SAFE Network, follow the link, download the Launcher and Demo App and you're good to go. This is what you can do:

  • Register an account (your username and pass stay on your computer only)
  • Register a profilename in the DNS
  • Upload your personal website (safesite)
  • Browse safe websites (safesites) using your own browser
  • Upload private files up to 100MB total (about 4MB each). Files get chunked and encrypted before they leave your computer

We're waiting for TEST 4 where people can test the updates Vaults from home.

Here's the link to the stable SAFE Network

Enjoy!
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June 07, 2016, 08:33:28 AM
 #1770

Double bottom or doom (9225)?

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June 07, 2016, 04:17:42 PM
 #1771

Double bottom or doom (9225)?


I am guessing that folks figured out the Maid price pattern (after several months of the same ups/downs) ... small rise every Tues before update announcement (expecting MVP news), then fallback (usually) when testing is announced instead.  I think this time folks decided to act on it a day earlier.

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June 07, 2016, 04:52:19 PM
 #1772

Troll-Hour is over folks, go away if you don't like this project. Or do you folks listen to music you don't like as well?
Here's a way for everyone to connect to the stable droplet-network.



While we're waiting for TEST 4 in which people run Vaults from their homes again, the Maidsafe Devs decided to put up
a stable network on their droplets to make sure other devs can test with a stable network, API etc. For those that want
to try out The SAFE Network, follow the link, download the Launcher and Demo App and you're good to go. This is what you can do:

  • Register an account (your username and pass stay on your computer only)
  • Register a profilename in the DNS
  • Upload your personal website (safesite)
  • Browse safe websites (safesites) using your own browser
  • Upload private files up to 100MB total (about 4MB each). Files get chunked and encrypted before they leave your computer

We're waiting for TEST 4 where people can test the updates Vaults from home.

Here's the link to the stable SAFE Network

Enjoy!

How is it over?  The devs are still out of money.  Maid went sub 9k, making new lows for this downtrend, the project is still behind schedule...

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June 07, 2016, 06:03:23 PM
 #1773

Double bottom or doom (9225)?


For the history, it broke down (as everybody saw):

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June 07, 2016, 09:11:26 PM
 #1774



Link to the dev-update



Here's a long interview with Maidsafe founder David Irvine

Enjoy!
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June 07, 2016, 09:27:26 PM
 #1775

How is it over?  The devs are still out of money.  Maid went sub 9k, making new lows for this downtrend, the project is still behind schedule...

MAID is losing market cap to newer, more shiny IPO/ICO quasi-investments such as Lisk and DAO.

You know it's true when the cheerleaders come into this thread, waving their pom-poms in denial.

MAID has nothing to show for 10 years of "research" and a million dollar plus annual burn rate.

And now they're scraping the bottom of the barrel, dumping millions of secret/surprise coins that shouldn't exist onto the market, as the scam moves into its exit phase.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
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June 07, 2016, 10:04:54 PM
 #1776

Are you done? Good, wipe your ass and go play with your dummy money called Monero (HAHAHAHAHAHAHAHAHAHAHA 170K ROFLMAO).

P.s you are always welcome to come back Wink it reminds me to the failures of " the new future currency" lol

Kisses xxx

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June 07, 2016, 11:22:43 PM
 #1777

Troll-Hour is over folks, go away if you don't like this project. Or do you folks listen to music you don't like as well?
Here's a way for everyone to connect to the stable droplet-network.

http://i64.tinypic.com/ek299v.png

While we're waiting for TEST 4 in which people run Vaults from their homes again, the Maidsafe Devs decided to put up
a stable network on their droplets to make sure other devs can test with a stable network, API etc. For those that want
to try out The SAFE Network, follow the link, download the Launcher and Demo App and you're good to go. This is what you can do:

  • Register an account (your username and pass stay on your computer only)
  • Register a profilename in the DNS
  • Upload your personal website (safesite)
  • Browse safe websites (safesites) using your own browser
  • Upload private files up to 100MB total (about 4MB each). Files get chunked and encrypted before they leave your computer

We're waiting for TEST 4 where people can test the updates Vaults from home.

Here's the link to the stable SAFE Network

Enjoy!

How is it over?  The devs are still out of money.  Maid went sub 9k, making new lows for this downtrend, the project is still behind schedule...

A real concern is a point to repeat : Security.

This closed-box test 4 is not up for outside breaking (it will do that fine itself being a scrubby pre-alpha).

If released, the SAFE network is trading on that name alone, and one breach of security destroys it. Imagine an airline called Never Crash and everyone anticipates just that event and when it occurs it takes the entire paradigm with it. There are no 100% safe airlines. There is no 100% safe network.

There is too much staked on this anticipation of anonymity and security and too little to show in many years of active r&d.

Those enthusiastic updates always detail mistakes and do-overs, yet the fluency of its language appeals as "real progress being made."


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June 08, 2016, 12:24:14 AM
 #1778


There is too much staked on this anticipation of anonymity and security and too little to show in many years of active r&d.

Those enthusiastic updates always detail mistakes and do-overs, yet the fluency of its language appeals as "real progress being made."


The manipulative, misleading language used in those "enthusiastic updates" is called Happy Talk.

As MAID is a token of investment in an unfinished product, MAID is obligated to also address potential problems and setbacks, not just burble cheerfully about "Real ProgressTM being made."

But all we get is cheerleading, instead of a fair and balanced, sober-minded account of the rest of the picture.

That's a red flag indicating 99.99% chance of scam.

And the surprise existence/sale of millions of Secret Bonus Coins confirms the last 0.01%.

Scam 100% Confirmed.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
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June 08, 2016, 07:50:34 AM
 #1779


There is too much staked on this anticipation of anonymity and security and too little to show in many years of active r&d.

Those enthusiastic updates always detail mistakes and do-overs, yet the fluency of its language appeals as "real progress being made."

The manipulative, misleading language used in those "enthusiastic updates" is called Happy Talk.
As MAID is a token of investment in an unfinished product, MAID is obligated to also address potential problems and setbacks, not just burble cheerfully about "Real ProgressTM being made."
But all we get is cheerleading, instead of a fair and balanced, sober-minded account of the rest of the picture.
That's a red flag indicating 99.99% chance of scam.
And the surprise existence/sale of millions of Secret Bonus Coins confirms the last 0.01%.
Scam 100% Confirmed.

The software and network al already up and running, we even had 3 tests with people running Vaults from home. So far for your scam FUD. They made all the TCP-connection parallel and brought the CPU load
so far down that it's quite amazing. Network cards became way faster for years and they make use of it in a very smart way with the Rust MIO crate. In TEST 4 we're all able to test the new Vaults and it will blow you and your FUD into the bushes. It looks like they might be as fast as BitTorrent even with all their security layers build in. Their daily selling of coins is below 95K MAID a day (19 million / 200 days), so that doesn't hurt a soul. Feel free to keep FUDding here as you don't understand a bit of the technology. I focus on tech and hold my coins until we're live and kicking. TEST 4 will be amazing when it comes to speeds and CPU-loads.




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June 08, 2016, 02:59:27 PM
 #1780

Wow...what's with the price crash ?

I bought most MAID at around 20K stats thinking it was a good investment.
Of course I'll keep hodling, but it's a bit depressing to see the price deflate like this...

Time for some good news !

"The Blade that was Broken shines again!"
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