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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 555100 times)
rickgejr
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September 29, 2016, 02:16:49 PM
 #2101

Been listening to SAFE Crossroads podcasts. Great info.

And more questions have arisen. I understand the basics of Safecoins and how they will function in their non-blockchain system. A closed loop system, where the coins, as spent in the network are destroyed (buried) and then reused -- issued to the vaults for their sharing of cloud space, so to say.

When MaidSafe goes live and I, for example, can trade my MaidSafeCoins in for Safecoins (1 to 1), but how are they purchased after that?

I know that exchanges should arise, but then aren't we back to the OldNet v. NewNet question again -- as I mentioned in my last post?

In other words, if I decide to buy some Safecoins, could I send money from my bank account to the non-profit arm of MaidSafe? Doubtful. Audits would compromise my privacy.

How could I then buy Safecoins and maintain my privacy? Use Monero?

And back to the 1 on 1 trade of MAID's for future Safecoins. How will that be accomplished in a way that will maintain user privacy?

I also understand the censorship angle -- that MaidSafe should be able to stop that -- but how will we be able to maintain a semblance of monetary privacy as we conduct business in network? Example: I order a pizza online with Safecoin. The Pizza Company will report that I used say, 20 Safecoins to buy that pizza (pie).

My country (USA) also has me report foreign bank accounts in some cases. MaidSafe is not a bank, but recent and numerous reinterpretations of cryptocurrency, might require me to report my holdings or face fines etc.

On top of all of this, once and if MaidSafe becomes popular, what is to stop governments from pressuring the public companies in control of the system to fork over information that could somehow compromise the network?

Or will the network be immutable, but then how will it be updated, without the possibility of becoming compromised?

Someone has the keys to the system and that someone is human, right? Publicly identified?

Does MaidSafe have a backup plan with anonymous devs and some kind of checks and balances system, to keep the ball rolling, if the pressure is exerted by regulatory agencies, bent on closing it down?

Just a noob trying to grasp the MaidSafe system...
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September 29, 2016, 02:29:10 PM
 #2102

You could just trade them on Poloniex how easy can it be Cheesy

There will be some exchanges made for the safenet, think about shapeshift kinda trading, but poloniex will support the new safecoin and the swap to safecoin. So i guess you can just get them there and after send through the network to where you want.
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September 29, 2016, 02:32:07 PM
 #2103

Hi all, long time ago i sent Maid tokens from exchange to Electrum wallet instead of Omni. Can i get them somehow with priv key or i lost them?

Try see if you add you btc adress if you can see the assets on it just fill in your adress.


Yes, i can see balance with MAID ( 17i69zf643rNBNwWP4KU8TwMZF5axsU93S ), so i guess everything is ok.
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September 29, 2016, 02:40:58 PM
 #2104

Hi all, long time ago i sent Maid tokens from exchange to Electrum wallet instead of Omni. Can i get them somehow with priv key or i lost them?

Try see if you add you btc adress if you can see the assets on it just fill in your adress.


Yes, i can see balance with MAID ( 17i69zf643rNBNwWP4KU8TwMZF5axsU93S ), so i guess everything is ok.

Great i think you can also import your keys to omniwallet im just not really sure.

You can find your keys in your electrum wallet.

Also remember to send maidsafe somewere you need a small amount of btc.
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September 29, 2016, 02:47:08 PM
 #2105

Hi all, long time ago i sent Maid tokens from exchange to Electrum wallet instead of Omni. Can i get them somehow with priv key or i lost them?

Try see if you add you btc adress if you can see the assets on it just fill in your adress.


Yes, i can see balance with MAID ( 17i69zf643rNBNwWP4KU8TwMZF5axsU93S ), so i guess everything is ok.

Great i think you can also import your keys to omniwallet im just not really sure.

You can find your keys in your electrum wallet.

Also remember to send maidsafe somewere you need a small amount of btc.

I hope i can, ATM i cant check if i can import priv key because i have my backup wallet far far away from home Smiley
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September 29, 2016, 02:47:30 PM
 #2106

Been listening to SAFE Crossroads podcasts. Great info.

And more questions have arisen. I understand the basics of Safecoins and how they will function in their non-blockchain system. A closed loop system, where the coins, as spent in the network are destroyed (buried) and then reused -- issued to the vaults for their sharing of cloud space, so to say.

When MaidSafe goes live and I, for example, can trade my MaidSafeCoins in for Safecoins (1 to 1), but how are they purchased after that?

I know that exchanges should arise, but then aren't we back to the OldNet v. NewNet question again -- as I mentioned in my last post?

In other words, if I decide to buy some Safecoins, could I send money from my bank account to the non-profit arm of MaidSafe? Doubtful. Audits would compromise my privacy.

How could I then buy Safecoins and maintain my privacy? Use Monero?

And back to the 1 on 1 trade of MAID's for future Safecoins. How will that be accomplished in a way that will maintain user privacy?

I also understand the censorship angle -- that MaidSafe should be able to stop that -- but how will we be able to maintain a semblance of monetary privacy as we conduct business in network? Example: I order a pizza online with Safecoin. The Pizza Company will report that I used say, 20 Safecoins to buy that pizza (pie).

My country (USA) also has me report foreign bank accounts in some cases. MaidSafe is not a bank, but recent and numerous reinterpretations of cryptocurrency, might require me to report my holdings or face fines etc.

On top of all of this, once and if MaidSafe becomes popular, what is to stop governments from pressuring the public companies in control of the system to fork over information that could somehow compromise the network?

Or will the network be immutable, but then how will it be updated, without the possibility of becoming compromised?

Someone has the keys to the system and that someone is human, right? Publicly identified?

Does MaidSafe have a backup plan with anonymous devs and some kind of checks and balances system, to keep the ball rolling, if the pressure is exerted by regulatory agencies, bent on closing it down?

Just a noob trying to grasp the MaidSafe system...

That's a lot of questions. Have a look at the forum and use the search, a lot of this stuff is answered I think. https://safenetforum.org/

You can buy Safecoin just on an exchange just like you do know. I think several exchanges will do the switch anyway, so you had MAID and they switch to to Safecoin for you. Yes, exchanges are on the old network. Although we might see decentralized ones in the future where you can trade ETH, Bitcoin and Safecoin without going to a centralized system somewhere. Omni had an exchange like that as well.
When you buy a pizza and pay with Safecoin where's the problem? They see coins come in from a random address. you could use a new address for every payment. if you really want to be safe you could make a little account on the SAFE Network using your phone and a big, really secret one at home on your PC. You use 1 for just things like paying for pizza and the other to tip your favorite pornstar without anyone noticing  Grin
Governments can't stop SAFE the moment it's out in the wild. Maidsafe is free to program whatever they want. all projects are still out there; TOR, Ethereum, BitTorrent, Freenet and more. Writing code isn't a crime. spreading illegal stuff is. But devs just write code. And they also open source it.  
  

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September 29, 2016, 04:46:26 PM
 #2107

........ besides i think no one is concerned that bitcoin will be gone in lets say 6 months.

Eventually i really see maidsafe outbeat bitcoin in the future on market cap.

You need a reboot, Mrboot  Roll Eyes


If SAFEnetwork really works as described and proves robust I think it's almost unimaginable than it doesn't outperform bitcoin very quickly. The main fear is about whether or not it will work, not what will happen if it does. I've not heard a decent argument levelled against the success of safecoin/network that didn't rest on tech issues with it not being able to do what it's supposed to do.

How could bitcoin possibly compete? You have to 'buy' bitcoins, so there's a huge barrier to entry (anyone can farm safecoin for free), it scales positively (gets faster the more use it), it offers end to end privacy and security, txs would be instant with no fees at all (hello IoT), dark market and pirates would use it exclusively (who would use tor, silk road or torrents if SAFE was real?). No wasteful mining and you have a currency backed by digital economy resources (better store of value than gold!). All businesses and all people could all monetise their spare resources and spare (free) will always outperform any economy of scale (cheap), so decentralism wins even against the biggest players. I mean really, just think about it all.

If you don't think safenetwork would have 10x the market cap of btc within a couple of years of launch then I doubt you've really spent any effort looking under the hood of SAFE. It is a very hard project to get to grips with because it is massive, but it's the wheel to bitcoin's sled... IF it actually works it fixes every issue btc ever had and creates a whole load more opportunities through things like datachains and radical social/digital freedom.

No one knows the future, but I'd bet quite a lot of money on being right here... IF it works, it dwarfs BTC very very quickly. Oh wait, I already did bet a lot last year Wink /lolz gl me

I'm biased... doesn't mean I'm wrong though.

/justcallmesafecoinjesus  Tongue

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September 29, 2016, 06:06:03 PM
 #2108



http://www.realwire.com/releases/Glasgow-University-Students-to-Explore-the-Future-of-Internet-Technology

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September 29, 2016, 09:00:49 PM
 #2109

It will be interesting to watch the battle for the soul of the internet -- and essentially free speech, free trade etc.

I wonder how many people are not grasping this.

I took me many hours of listening to David Irvine talk before it started to sink in. Before I started to get that old Bitcoin feeling about how these kinds of systems could revolutionize the world, but...

...we must remember, these systems are only as effective as the political systems around the globe will allow...in the end.

The thing is, though, that was said about bitcoin aswell. So we can clearly see, imo, that not everything needs to be approved/not disapproved by political systems. Technology can make them sweat, and there is a chance that, even IF the "political system" started a war against safenet, they would lose.
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September 29, 2016, 11:02:53 PM
 #2110

@Macht:

True, political systems don't need to approve/disapprove everything. But if technology makes them sweat, they will react, and not always in a good way.

Political systems are inherently fickle. Laws, even good ones that guarantee us things like free speech, are sometimes ignored.

The code that underpins MaidSafe is the "law" of it, in a sense. But code can be changed by humans over time, in a negative or positive fashion. All it would take is some new update to infect the vaults in some way. Unless the vaults are like clandestine cell systems with layers of protection. I'm sure the coders are looking at all aspects of this and I'm no guru of the system -- and am still in class, so to speak.

But political systems control countries. We can look around. There are no really free countries on earth. In many ways, technologies and businesses must pay to play.

MaidSafe has set up non-profits and for profits, in Scotland. There are rules to follow.

Then there are citizens of other countries, like me, in the land of the partially free (USA). We must be careful not to irk our minders, lest we end up like some of the Bitcoin millionaires -- in Federal Prison. Usually these types, allegedly, conducted business with criminals.

Don't get me wrong. I'm all for free speech -- my Bill of Rights included -- but the "political system," if they started a war against safenet as you say...would safenet lose?

A fully distributed peer-to-peer system, operating across the globe, would certainly be difficult, but not impossible to attack. Sure, even under massive cyber warfare scenarios, MaidSafe might survive this worse case scenario. But would the masses still use a system that was under cyber attack by unknown governments or Chinese Bitcoin Miner's Unions?

Sometimes I wonder if small and economical is not better. Maybe MaidSafe has the right idea, building a ground up system and it will be a long time before the cyber warriors can begin to pick at it or exploit bugs or any zero day problems, but it's not an end all. Just a giant leap for CyberSpace.  

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September 29, 2016, 11:52:08 PM
 #2111

@Macht:
Yeah, you raised some good points. The question is, what does it mean to survive? The most interesting "weapon" of the safenet users will be the open source code, I believe. Unless the core concept was utterly flawed, a new, improved network would be forked if the first one were to be "killed" by force. At least, that's my ultimate hope.
But I doubt that we will remain in the sphere of theory for much longer anyways. I'm mostly concerned that the implemented security measures of the safenet will work perfectly - but that the tendency of open source communities to be open to all and everyone will make them fall prey to new and old methods of social engineering - without even realizing. Little things like a flawed RNG can break whole systems. Like it happened to Debian.
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September 30, 2016, 10:43:13 AM
 #2112




Woooooow someone just invested $600.000 in Maidsafe.
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September 30, 2016, 11:55:17 AM
 #2113

I wonder if we will see a major surge today, in MAID investment, as the internet addresses (ICANN) are officially turned over to the international body of censors, absent US congressional approval.

But that's not even the point. The point is, and MaidSafe is very instructive of this, the internet is not a coercive monopoly -- even by ICANN.

ICANN has no right to control all of the internet addresses, but neither does the international community -- or a representative, un-elected body thereof.

ICANN, on the other hand, can control whatever it created, but we the people can decide not to use it.

To me, MaidSafe places the control of the internet in the hands of everyone.

Are we approaching "no-brainer" territory yet?
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September 30, 2016, 12:02:21 PM
 #2114

Let the Equity fomo start !
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September 30, 2016, 01:38:43 PM
 #2115



Maidsafe going global as a company.

https://safenetforum.org/t/a-brief-preview-of-maidsafes-planned-expansion/11345
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September 30, 2016, 01:57:17 PM
 #2116

Price is going UP like crazy in the past few minutes (I guess people relized that It's going to be big once they saw the Crowdfunding) !! https://coinmarketcap.com/assets/maidsafecoin/ , I regret that I didn't buy enough Safecoins , really

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September 30, 2016, 09:54:05 PM
 #2117


To me, MaidSafe places the control of the internet in the hands of everyone.

Are we approaching "no-brainer" territory yet?

If it works it would be the coolest thing imaginable, real, decentralised, digital freedom... too many bells and whistles to even begin listing them.

Let's all just hope they pull it off, if they do it is a (very rare) no-brainer. People will indeed use the round wheel if you invent it. There surely can't be many things that one could be as sure of.
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October 01, 2016, 11:27:12 AM
 #2118

Another good article about this topic on Bitcoin.com

Students from Glasgow University’s computer science wing have initiated a research and development exploratory course with Maidsafe. Academic alumni will develop with the SAFE (Secure Access For Everyone) Network to create next-generation internet applications.

Article




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October 01, 2016, 01:41:55 PM
 #2119



There's only 1 real forum for The SAFE Network. This is where Maidsafe posts updates as well:


https://safenetforum.org


Please update your bookmarks
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October 02, 2016, 03:14:51 PM
 #2120

What a great week for Maidsafe/SAFE.

  • Glasgow University to Build dApps With Maidsafe as Part of New Course
  • Maidsafe announced international expansion through "Maidsafe Asia" which is a new joint venture with a Hong Kong company
  • The SAFE API Docs website went live full of code examples and explanation
  • The BttF equity raise just went green meaning that Maidsafe is properly funded for the coming years




We're waiting for the next dev-update where a new demo app will see the light as part of a new dev-tutorial. What it will be? Hard to say, the last time we got an email app.

Quote
We are currently working on integrating the SAFE Beaker Browser8 with the APIs required for the next example app. We are aiming to release the second Dev Tutorial next week

This is all we know so far. Great new week to come.
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