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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 552825 times)
zeeman
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April 05, 2017, 08:21:45 AM
 #2441

Thanks for all the talk about Byteball , I got their wallet to see what it's all about.

Quote
Like in blockchains where each new block confirms all previous blocks   (and   
transactions therein), every   new child unit in the DAG confirms its parents, all   
parents of parents, parents of parents of parents, etc. If one tries to edit a unit, he   
will also have to change its hash. Inevitably, this would break all   child   units   who   
reference this unit by its hash as both   signatures and   hashes of children depend on
parent hashes. Therefore, it is impossible to revise a unit without cooperating with   
all its   children or stealing their private keys. The   children, in turn, cannot revise   
their units without cooperating with their children (grandchildren of the original   
unit),   and so on. Once a unit   is broadcast into the network, and other users start   
building their units on   top of it (referencing it as parent), the number of secondary   
revision required to edit this unit hence grows   like a snowball. That’s   why we call   
this design Byteball (our snowflakes are bytes of data).

This is from the whitepaper. Looks like they don't have blocks in the form of some mined -every x minutes- thing. More like; someone makes  transactions, others sign and build on top of that. Quite cool idea, I don't know the details, but looks more scalable then blockchains to me. Need to dive in a bit more to fully understand though.

Their principle is a bit different from SAFE. In SAFE all is based around ownership. So if you own address "quewrfdkjfhewkhjgfhjewgfkjhwgfkjhwe" it might  a Safecoin, but it could also be a domain in the network. So sign it over to someone else involves several groups that sign the transfer.

But using "ownership" like above allows for other solutions as well. Here's a topic about "Decorum" which uses some sort of chain of transactions with digital signatures:

https://safenetforum.org/t/how-transactions-could-take-place-using-decorum/13061

   
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April 05, 2017, 08:53:26 AM
 #2442

This is from the whitepaper. Looks like they don't have blocks in the form of some mined -every x minutes- thing. More like; someone makes  transactions, others sign and build on top of that. Quite cool idea, I don't know the details, but looks more scalable then blockchains to me. Need to dive in a bit more to fully understand though.

Yes, the ultra cool aspect of ByteBall is the fact that more TXs will actually make them confirm faster and also makes the network more secure, faster and more reliable. So basically it will scale indefinitely.

Their principle is a bit different from SAFE. In SAFE all is based around ownership. So if you own address "quewrfdkjfhewkhjgfhjewgfkjhwgfkjhwe" it might  a Safecoin, but it could also be a domain in the network. So sign it over to someone else involves several groups that sign the transfer.

But using "ownership" like above allows for other solutions as well. Here's a topic about "Decorum" which uses some sort of chain of transactions with digital signatures:

https://safenetforum.org/t/how-transactions-could-take-place-using-decorum/13061

Thanks for pointing that out. I have always been curious how MAID plans to implement the blockchainless coin. But I've been too lazy to find it out myself Tongue

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April 05, 2017, 08:58:56 AM
 #2443

Thanks for all the talk about Byteball , I got their wallet to see what it's all about.

Quote
Like in blockchains where each new block confirms all previous blocks   (and   
transactions therein), every   new child unit in the DAG confirms its parents, all   
parents of parents, parents of parents of parents, etc. If one tries to edit a unit, he   
will also have to change its hash. Inevitably, this would break all   child   units   who   
reference this unit by its hash as both   signatures and   hashes of children depend on
parent hashes. Therefore, it is impossible to revise a unit without cooperating with   
all its   children or stealing their private keys. The   children, in turn, cannot revise   
their units without cooperating with their children (grandchildren of the original   
unit),   and so on. Once a unit   is broadcast into the network, and other users start   
building their units on   top of it (referencing it as parent), the number of secondary   
revision required to edit this unit hence grows   like a snowball. That’s   why we call   
this design Byteball (our snowflakes are bytes of data).

This is from the whitepaper. Looks like they don't have blocks in the form of some mined -every x minutes- thing. More like; someone makes  transactions, others sign and build on top of that. Quite cool idea, I don't know the details, but looks more scalable then blockchains to me. Need to dive in a bit more to fully understand though.

Their principle is a bit different from SAFE. In SAFE all is based around ownership. So if you own address "quewrfdkjfhewkhjgfhjewgfkjhwgfkjhwe" it might  a Safecoin, but it could also be a domain in the network. So sign it over to someone else involves several groups that sign the transfer.

But using "ownership" like above allows for other solutions as well. Here's a topic about "Decorum" which uses some sort of chain of transactions with digital signatures:

https://safenetforum.org/t/how-transactions-could-take-place-using-decorum/13061

  

It is tough to understand maidsafe's ownership scheme to implement blockchainless network. Is this feature testing in alpha test so far? Quite innovative thing.
zeeman
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April 05, 2017, 10:00:08 AM
 #2444

Quote
It is tough to understand maidsafe's ownership scheme to implement blockchainless network. Is this feature testing in alpha test so far? Quite innovative thing.

We've had Alpha 1. It worked, you could register a domain like safe://zeeman  and upload your website etc. It was still running in a datacenter on several hundreds of nodes owned by Maidsafe. We're waiting for TEST 16 (don't ask me how they count in Troon Cheesy) which will become Alpha 2. And Alpha 2 is the official version of The SAFE network for which they create a nice installer and open it for downloads on their website.

The big difference between Alpha 1 and Alpha 2 is that you can run a Vault from home. It stores chunks for the network and more. So it will become a real P2P network.

Alpha 3 is expected several weeks/months later. That will bring the real firework: imagine connecting to the network with a simple browser and use web-Apps for domains, websites, mail and more. It will also allow the transfer of ownership. In this march update they included a roadmap.

https://safenetforum.org/t/maidsafe-dev-update-march-9-2017/12774

So when Alpha 2 is live we'll see new testnets (they start with TEST 20 from that point) on which we might see the first alt_coins move over the network.

lot of great stuff coming. We're waiting for TEST 16 network right now. Here's the previous update from last week with more details:

https://safenetforum.org/t/maidsafe-dev-update-march-30-2017/13009

A new dev update tomorrow. 
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April 06, 2017, 12:44:28 AM
 #2445


Got that wrong. Still been thinking of some sort of hybrid. A DAG containing Blocks containing dozen of Transactions. If each transaction has it's own node you get more data like checksums, the amount of payload in comparison to overhead grows.
So there is one step further available to stuff more data into lesser bytes.
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April 06, 2017, 07:27:53 AM
 #2446

If you want to call each transaction a block then sure  Grin

Got that wrong. Still been thinking of some sort of hybrid. A DAG containing Blocks containing dozen of Transactions. If each transaction has it's own node you get more data like checksums, the amount of payload in comparison to overhead grows.
So there is one step further available to stuff more data into lesser bytes.

I think it's time for the Bitcoin descendants to start thinking outside the box and see that a block chain is not some kind of a technological steroid that will make everything better. Neither is Turing completeness btw Tongue nor smart contracts, but I guess people will learn their lessons the hard way anyway. But this is a MAID circle jerking thread so I will do my contribution by stating that I see MAID as my personal liberator from the evil grasp of hosting providers and domain name servers and I look very much forward to see them getting somewhere already with this endless development and alpha phase. Damn MAID is like Duke Nukem Forever, but in the case of the latter it was well worth the waiting, best shooter ever.

zeeman
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April 06, 2017, 07:06:46 PM
 #2447



Here's the link to the update:

https://safenetforum.org/t/maidsafe-dev-update-april-6-2017/13112

Here's the link to TEST 16 which got just released:

https://safenetforum.org/t/safe-network-test-16/13110

Enjoy!@!
bitity
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April 06, 2017, 07:47:50 PM
 #2448

Thanks for the update why is the price crashing so hard??
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April 06, 2017, 08:05:50 PM
 #2449

This is unbelievable! I'm losing so much money.
Johnny00
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April 07, 2017, 03:12:26 AM
 #2450

This is unbelievable! I'm losing so much money.

Bitcoin price is up that's why all altcoin selling off. Don't try and day trade you might miss the next pump


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April 07, 2017, 05:35:36 AM
 #2451

will this project be ready before the second coming of Jesus?
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April 07, 2017, 06:43:11 AM
 #2452

will this project be ready before the second coming of Jesus?

this project IS the second coming of Jesus  Grin

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April 07, 2017, 07:06:57 AM
 #2453

Just got liquidated wow didn't see this crash coming at all. I'm permanently out of this project.
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April 07, 2017, 11:52:14 AM
 #2454

Price can drop more. 100M cap is very big for this time.
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April 07, 2017, 02:44:11 PM
 #2455

The devs manipulate the price, I watched the buy walls pump and sell walls pushing the the price whatever direction they want.
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April 07, 2017, 11:52:01 PM
 #2456

Just got liquidated wow didn't see this crash coming at all. I'm permanently out of this project.

What crash are you noobs talking about

zeeman
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April 08, 2017, 11:25:29 AM
 #2457



Great topic about how to setup a Vault. Very handy if you think about Farming Safecoin in the near future...

https://safenetforum.org/t/how-to-set-up-a-vault-from-home/13186

Enjoy!@!
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April 10, 2017, 10:54:42 PM
 #2458

Can anybody describe what will be the purpose of MAID token in the SAFE network? Will I be able to earn MAID coins just by providing my computing power? If yes, what will be the rate?
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April 11, 2017, 07:17:55 AM
 #2459

Judging by the way MAID devs manipulate the price and always seem to be hungy for more IPO funds and investments while unable to launch their invention for a decade already I can bet that they will implement Proof-of-Vitalik conesnus algorithm for their imaginary SAFE Coin, after which the community is forced to spawn their own MAID Classic. You heard it here first  Wink

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April 11, 2017, 09:08:49 AM
 #2460

Judging by the way MAID devs manipulate the price and always seem to be hungy for more IPO funds and investments while unable to launch their invention for a decade already I can bet that they will implement Proof-of-Vitalik conesnus algorithm for their imaginary SAFE Coin, after which the community is forced to spawn their own MAID Classic. You heard it here first  Wink
hope that will be soon🙄
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