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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 533058 times)
zeeman
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September 06, 2016, 09:58:28 AM
 #2001


MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising


Quote
MaidSafe's funding begins on 12th September and runs for 30 days. The target is £1.75m-£2m which will be received in sterling and bitcoin. Nick Lambert, chief operating officer, MaidSafe told IBTimes UK: "This is a raise for equity as opposed to a coin sale. It's most certainly not crowdfunding.

Ok, so how does this work ?
Do the investors get MAID for their investment ?? Or just shares ?

I'm a little confused here...

I thought we MAID hodlers are already the investors

Projects like Ethereum, Maidsafe and others crowdfunded in 2014 by selling coins which have use on their networks. These coins could be seen as a presale of a product. They don't hold any shareholder rights in
a company. This way of funding with Banktothefuture do give people shareholder rights. Via a SVP people become shareholder of the company. So a number of projects like Factom, BitPesa, Shapeshift and soon Maidsafe sell a part of their company to investors that become shareholders. No new coins are created or sold.

Here's a list of projects on BTTF for those interested.
 
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zeeman
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September 06, 2016, 05:42:19 PM
 #2002



Link to topic: MaidSafe Dev Update 6th September 2016


Enjoy!
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September 06, 2016, 05:49:50 PM
 #2003



Quote
MaidSafe's funding begins on 12th September and runs for 30 days. The target is £1.75m-£2m which will be received in sterling and bitcoin. Nick Lambert, chief operating officer, MaidSafe told IBTimes UK: "This is a raise for equity as opposed to a coin sale. It's most certainly not crowdfunding.

I may be confused, but didn't they also have early funding for all of those years of development, before they even did the Maid ICO (coin)? Just wondering how much of the company they even have left to sell anymore. After a certain number of funding rounds, one would think there wouldn't be much left to offer, or it turns into a Producers scenario.

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September 06, 2016, 06:09:53 PM
 #2004



Quote
MaidSafe's funding begins on 12th September and runs for 30 days. The target is £1.75m-£2m which will be received in sterling and bitcoin. Nick Lambert, chief operating officer, MaidSafe told IBTimes UK: "This is a raise for equity as opposed to a coin sale. It's most certainly not crowdfunding.

I may be confused, but didn't they also have early funding for all of those years of development, before they even did the Maid ICO (coin)? Just wondering how much of the company they even have left to sell anymore. After a certain number of funding rounds, one would think there wouldn't be much left to offer, or it turns into a Producers scenario.

Yes, they had investors before 2014. They're selling around 6% of the company in this round. Uber is at round 17 or something. And even when companies are listed on the stock exchange they still sell some fresh printed shares now and then. Tesla has done it several times, but investors don't like it when a company is listed on the stock market. They rather have buybacks  Grin



LINK

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September 06, 2016, 08:27:13 PM
 #2005



Yes, they had investors before 2014. They're selling around 6% of the company in this round. Uber is at round 17 or something. And even when companies are listed on the stock exchange they still sell some fresh printed shares now and then. Tesla has done it several times, but investors don't like it when a company is listed on the stock market. They rather have buybacks  Grin



Okay, not so bad then. I didn't realize this sale was only 6% or so.

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September 07, 2016, 06:50:48 AM
 #2006



MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising


Quote
MaidSafe's funding begins on 12th September and runs for 30 days. The target is £1.75m-£2m which will be received in sterling and bitcoin. Nick Lambert, chief operating officer, MaidSafe told IBTimes UK: "This is a raise for equity as opposed to a coin sale. It's most certainly not crowdfunding.

Ok, so how does this work ?
Do the investors get MAID for their investment ?? Or just shares ?

I'm a little confused here...

I thought we MAID hodlers are already the investors

Sorry, the original investors' equity is being massively diluted, just like BCTD bagholders are being screwed by Komodo.

Why would MAID and jlICOscam777 ever finish anything, when doing so would dry up their source of Lambo funding?


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zeeman
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September 07, 2016, 08:43:30 AM
 #2007

Here's the blog from the Maidsafe website:




Here's the link to the full article

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September 07, 2016, 09:03:12 AM
 #2008

when  expected the update?

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zeeman
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September 07, 2016, 10:14:38 AM
 #2009

when  expected the update?

You mean this one??

Link to topic: MaidSafe Dev Update 6th September 2016
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September 07, 2016, 07:44:07 PM
 #2010


MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising


Quote
MaidSafe's funding begins on 12th September and runs for 30 days. The target is £1.75m-£2m which will be received in sterling and bitcoin. Nick Lambert, chief operating officer, MaidSafe told IBTimes UK: "This is a raise for equity as opposed to a coin sale. It's most certainly not crowdfunding.

Ok, so how does this work ?
Do the investors get MAID for their investment ?? Or just shares ?

I'm a little confused here...

I thought we MAID hodlers are already the investors

Projects like Ethereum, Maidsafe and others crowdfunded in 2014 by selling coins which have use on their networks. These coins could be seen as a presale of a product. They don't hold any shareholder rights in
a company. This way of funding with Banktothefuture do give people shareholder rights. Via a SVP people become shareholder of the company. So a number of projects like Factom, BitPesa, Shapeshift and soon Maidsafe sell a part of their company to investors that become shareholders. No new coins are created or sold.

Here's a list of projects on BTTF for those interested.
 

Getting listed on BTTF have some prerequisites? what's the money for? Development only? Thx
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September 08, 2016, 09:37:21 AM
 #2011

I have a question regarding the Safecoin , according to the Website , there will be only 4.3 billion coins in circulation at one time .
I would like to understand what "at one time" means exactly  ? Is it like Bitcoin where 21 million coins will ever be created ? or does it mean that If some coins get lost,burned or whatever , more will  be created ?

Another thing , If only people who provide resources will get paid , what would anyone buy the coin as there is no demand ? (unless people who use the network will have to pay coins as well)

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September 08, 2016, 03:06:38 PM
 #2012

I have a question regarding the Safecoin , according to the Website , there will be only 4.3 billion coins in circulation at one time .
I would like to understand what "at one time" means exactly  ? Is it like Bitcoin where 21 million coins will ever be created ? or does it mean that If some coins get lost,burned or whatever , more will  be created ?

Another thing , If only people who provide resources will get paid , what would anyone buy the coin as there is no demand ? (unless people who use the network will have to pay coins as well)

Yes, it's like the limit with Bitcoin. No more can be created on the system, but it will take over a 100 years to fill it all up. In SAFE a Safecoin is "owned" or "not owned". When you upload data to the network you need to give up ownership of some Safecoin. So it goes from "owned" to "not owned". If you deliver a Chunk from your vault to the network you might earn Safecoin. In that case the close nodes look if a random address is "owned" or "not owned". If it's "not owned" you become the owner and you just Farmed some SAFEcoin. If you spend it to store some data you give up ownership again. So when 50% of all coins are owned the change of you farming a Safecoin goed down 50%. The Network changes the value per deliver chunk as well. Same for the price to PUT data to the network. So one day you might own 0.0001 Safecoin per MB. A month later when more people provide resources it could be lower than that.

If there's no demand?? Same for Gold, Dollar or Bitcoin. The price goes down I think. You can always use it to store data on the network. If the price becomes very low a lot of people will stop farming. The network notice and the reward for delivering data to the network goed up. the network will always balances itself.  

Quote
@chinchs

Getting listed on BTTF have some prerequisites? what's the money for? Development only? Thx

Yes, it's for development. They have around 15 people working for them. Most of them devs.
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September 08, 2016, 11:09:00 PM
 #2013

Another thing , If only people who provide resources will get paid , what would anyone buy the coin as there is no demand ? (unless people who use the network will have to pay coins as well)

Spend Safecoins to store data on the network, paid Safecoin options for more features on apps, buy and sell Safenet domains or IDs, pay Safecoin for programs or services, etc.
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September 09, 2016, 08:21:55 PM
 #2014

Another thing , If only people who provide resources will get paid , what would anyone buy the coin as there is no demand ? (unless people who use the network will have to pay coins as well)

Spend Safecoins to store data on the network, paid Safecoin options for more features on apps, buy and sell Safenet domains or IDs, pay Safecoin for programs or services, etc.

That's where I think they will run into a problem. Will the average person be willing to buy a coin so they can store data or obtain other services, when they can either get that for free or use existing services? I don't think the average person would care about the decentralized aspect so much.

Now if companies somehow became interested in the network, that could work ... just not so sure that will happen.

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September 09, 2016, 08:33:25 PM
 #2015

Another thing , If only people who provide resources will get paid , what would anyone buy the coin as there is no demand ? (unless people who use the network will have to pay coins as well)

Spend Safecoins to store data on the network, paid Safecoin options for more features on apps, buy and sell Safenet domains or IDs, pay Safecoin for programs or services, etc.

Safecoin will be very expensive after the main net is live. Like you said, ppl will use this service for decentralized internet, they need to biy safecoin.

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zeeman
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September 10, 2016, 11:36:12 AM
 #2016

Another thing , If only people who provide resources will get paid , what would anyone buy the coin as there is no demand ? (unless people who use the network will have to pay coins as well)

Spend Safecoins to store data on the network, paid Safecoin options for more features on apps, buy and sell Safenet domains or IDs, pay Safecoin for programs or services, etc.

Safecoin will be very expensive after the main net is live. Like you said, ppl will use this service for decentralized internet, they need to biy safecoin.

The network adapts to the price of Safecoin. So if the price is high, a lot of people will try to "farm" coins to sell them. The network detects that and the reward for every delivered chunk (Farming Reward) goes down. Same the other way around: if a lot of people try to farm coins, there are lot of resources available. If there isn't that much money to make people will stop farming.

You don't have to spend a dollar to use the network. Just start a Vault on your computer and let it run for some time. After you made some safecoin that way you could store data, tip someone, register a domain, and more. Do you have a nice blog? Add a tip-button and see the Safecoin come in.

Browsing the network will always be free, no need to have an account.
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September 10, 2016, 09:00:27 PM
 #2017


You don't have to spend a dollar to use the network. Just start a Vault on your computer and let it run for some time. After you made some safecoin that way you could store data, tip someone, register a domain, and more. Do you have a nice blog? Add a tip-button and see the Safecoin come in.

Browsing the network will always be free, no need to have an account.

I brought up the show Silicon Valley in relation to this project earlier, and I wonder if it might not turn out similar. Basically nobody might care about being 'secure', or decentralized websites, or storing their data, but the project may find a niche somewhere else.

Distributing video/software (illegally) over a decentralized network... maybe?

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September 11, 2016, 09:04:19 AM
 #2018


You don't have to spend a dollar to use the network. Just start a Vault on your computer and let it run for some time. After you made some safecoin that way you could store data, tip someone, register a domain, and more. Do you have a nice blog? Add a tip-button and see the Safecoin come in.

Browsing the network will always be free, no need to have an account.

I brought up the show Silicon Valley in relation to this project earlier, and I wonder if it might not turn out similar. Basically nobody might care about being 'secure', or decentralized websites, or storing their data, but the project may find a niche somewhere else.

Distributing video/software (illegally) over a decentralized network... maybe?

Yes, that's 1 example. Take Germany, if they catch you downloading some torrents they offer you a 800 euro "settlement" so you wont be brought to court. People are scared to use P2P in that country. And a lot of people hate the big power of Facebook, Google, and the others. They want their have their own "decentralized Youtube" and social media. So if SAFE works the way it's intended people use Apps on their phones without even noticing it's a P2P technology.  
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September 11, 2016, 09:22:24 AM
 #2019

zeeman are you in dev team or you just a maidsafe lover? actually ive seen u are around here all the time. a maid true lover.

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September 11, 2016, 08:32:11 PM
 #2020

zeeman are you in dev team or you just a maidsafe lover? actually ive seen u are around here all the time. a maid true lover.

No not dev. I hang out on the forum and really like the idea of SAFE so follow them closely. Wish I could program myself and help them out. But it's quite
some technical stuff. Already takes me time to understand a XOR-network as I wasn't familiar with Kademlia or something. 
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