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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 554730 times)
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June 10, 2017, 03:41:46 PM
 #2601

Still hopeful of this project.  How many developers are working on this outside of Irvine's main paid team?  Without the developers/developer incentive I have concerns.  Would be great if more could be done to attract independent developers building more like is happening with Ethereum....

Not trying to knock it down but just reasonable concerns....
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June 10, 2017, 07:30:55 PM
 #2602

Still hopeful of this project.  How many developers are working on this outside of Irvine's main paid team?  Without the developers/developer incentive I have concerns.  Would be great if more could be done to attract independent developers building more like is happening with Ethereum....

Not trying to knock it down but just reasonable concerns....

Totally it's around 20 people. Ik guess between 8 to 15 devs. Not all fulltime


https://github.com/orgs/maidsafe/people


They're making graphs that show how a network builds up, have a look:

https://cdn-business.discourse.org/uploads/safenetwork/original/2X/4/471f2b4d5b1a77fde602ec3775256a31d0d80bf8.svg


What it shows is 1 vault that starts the network and new ones being added, if you scroll down you'll see how the  group splits when they're at 28 members in 1 group. This means the Vaults reach consensus on the fact that they need to split, they also agree on which Vaults belong in which group. They also agree on which group is responsible for what data etc. quite some cool research being done at the moment. This is all R&D for Alpha 3 where we have Vault from home again.

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June 12, 2017, 07:12:23 AM
 #2603

Hi Guys, could anyone point me on where to download the maidsafe app?

I looked up here https://maidsafe.net/alpha.html but didn't find any download link.

Thanks.
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June 12, 2017, 09:47:51 AM
 #2604

Hi Guys, could anyone point me on where to download the maidsafe app?

I looked up here https://maidsafe.net/alpha.html but didn't find any download link.

Thanks.

There's no active testnet or live (alpha) version at the moment. We're waiting for TEST 20. Keep an eye on this topic as I will write an update when there's something released.
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June 12, 2017, 06:06:20 PM
 #2605

Hi Guys, could anyone point me on where to download the maidsafe app?

I looked up here https://maidsafe.net/alpha.html but didn't find any download link.

Thanks.

There's no active testnet or live (alpha) version at the moment. We're waiting for TEST 20. Keep an eye on this topic as I will write an update when there's something released.

Hi, thanks for still being here and devoting some of your time to the community.

When the f*** is MAID news coming I have been waiting for years. I want to see the test 20 please have been waiting for so long this maid market maker is #1 bastard in the history of crypto. He is playing MAID and FCT like violin together while MAID is doing absolute torture god damn it MAID is #1 where is update please

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June 12, 2017, 11:41:27 PM
 #2606

I was interested in this coins some times ago, I have even invested some cash but now I would like to find out more.
At the beginning I would like to ask what are the main advantages of Maid,
secondly for what crucial inventions we are waiting now, f.e what is "TEST 20" ?

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June 13, 2017, 06:53:06 AM
 #2607

hi guys. Just 10% of SAFE Coins to the MaidSafeCoin holders is not unfair? I mean, if the marketcap of SAFECOIN not reach 10x the MaidSafeCoin marketcap on the launch all the holders will loose money? thanks

was that a product of how they did the 2nd round product capital raise when they burnt through the initial cash?

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June 13, 2017, 07:46:05 AM
 #2608

hi guys. Just 10% of SAFE Coins to the MaidSafeCoin holders is not unfair? I mean, if the marketcap of SAFECOIN not reach 10x the MaidSafeCoin marketcap on the launch all the holders will loose money? thanks

was that a product of how they did the 2nd round product capital raise when they burnt through the initial cash?

At launch maidsafe coin holders will have 100% of the safe coin supply, it is only 10% of the final supply though.  But this is supposed to take many years to reach so what he is saying isn't an issue.     

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June 13, 2017, 10:50:43 AM
 #2609

I was interested in this coins some times ago, I have even invested some cash but now I would like to find out more.
At the beginning I would like to ask what are the main advantages of Maid,
secondly for what crucial inventions we are waiting now, f.e what is "TEST 20" ?

SAFE uses a different system than a blockchain, not all nodes need to agree on a transaction. So if you own coin "00xEEGFGFEGFJUEGFE" and you move it to someone else, maybe 3 groups of nodes (100 Vaults) are involved. So the network can handle more transactions when more Vaults join the network. They're supposed to happen in a second or so allowing thousands of them (per second) all over the network.

SAFE allows you to log in to a decentralized network. Just think about that; no servers involved and you still can reach your data whenever you want.

SAFE brings us serverless websites, including "dynamic data" so chats, forums, mail. So instead of setting up a server on TOR people could use SAFE and never worry about the website being online, it will always be unless you remove it.

SAFE let you pay once and store your data forever.  

Just make 1 account and register your public name. If you want to join a forum on the network, or 3 forums and a chatbox you can do it with 1-click for each. No need to "register" again, the network will use your public key which you can proof to be the owner off.

And loads more, in TEST 20 the focus is on the Mutable Data API. This allows anyone to create/store/share websites with dynamic data. If that works well it will become Alpha 2. We'll also move to the use of just 1 browser. That's way more easy than the old system with a launcher and proxy_settings. A big part of the team is working on Alpha 3 already. That brings us "datachains". Sort of parallel chain system where events like Vault joining and merge/split are secured.  

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June 13, 2017, 10:59:38 AM
 #2610

Don't miss out on interesting insights & discussion from smart investors about active & upcoming ICOs. Join ICO Forum: http://icoforum.herokuapp.com
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June 13, 2017, 11:37:41 AM
 #2611

Many thanks zeeman.
I do not quite understand everything you wrote but big thanks anyway!

I have a question:
Is this https://nvo.io/ connected with MaidSafe?

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June 13, 2017, 02:08:40 PM
 #2612

Many thanks zeeman.
I do not quite understand everything you wrote but big thanks anyway!

I have a question:
Is this https://nvo.io/ connected with MaidSafe?



It's a system that runs on top of SAFE. MaidSafe has not officially supported them I think, they made some replies in their topic.

https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/1

Look for replies from Nick Lambert and/or David Irvine. I don't follow all these things.

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June 13, 2017, 03:04:17 PM
 #2613

isnt this coin supposed to be super secure?

Yes, the whole network is supposed to be secure so:

- Register a domain without anyone knowing you did so... but still you are the owner
- Upload private data without anyone knowing you did that, how much...
- Transfer Safecoin from A to B without anyone knowing you did or how much while no one knows your balance
- Browse safe://websites without anyone knowing what/when and stuff like that
 

Thanks to Zeeman in particular for the regular and detailed updates and replies. I think we all appreciate it immensely Smiley

Meanwhile, I have a few queries that have been rattling around my head in relation to MaidSafe for quite a while. Let me run them past you all, if I may (sorry it's a bit of a mix!):

The Safe Network will, of course, be awesome. I love the whole concept. And I love that I can be involved in supplying some of the space in the new network.

1). However, there is one thing that worries me quite a bit ... if it's totally secure, anonymous, untraceable etc., how can the network keep it from being abused, e.g. by terrorists? You'll know who I have in mind there. It would be a terrible misuse of such an amazing tool if it's hijacked with, for example, 'how to' websites for all manner of destructive topics/sites, or even nasty paedo type stuff. How do we keep that stuff out if we can't 'see' who published or communicated it?

2). Meanwhile, if I understand it right, a SAFE coin may well be more of a [disc] 'storage' unit/value rather than a 'financial' value like other crypto coins. Let's say I have 4000 SAFE coins, but I don't need that amount of storage. Rookie question I suspect ... I can just 'sell' those coins? I'm confused because I read that it's not coins ... it's space. Maybe that doesn't matter and it's as easily traded. But the whole 'burn and recycle' thing (if I understand it right) is confusing me a little. I think I get it but I'm just double-checking here!

3). I know originally that SAFE coins were not going to be divisible. Given how much crypto coins/tokens have taken off even in only the last quarter, is that decision still up for debate? My thinking is that if a MAID coin is eventually swappable 1:1 for a SAFE coin once available, if the price of a SAFE coin by then is, say, $500 (wouldn't that be nice!), wouldn't smaller potential fractions, like Satoshis are to Bitcoin, be wise? Or have I missed some other conversation that's already covered that?

Thanks in advance for any insight on any of the above.
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June 13, 2017, 04:09:21 PM
 #2614

isnt this coin supposed to be super secure?

Yes, the whole network is supposed to be secure so:

- Register a domain without anyone knowing you did so... but still you are the owner
- Upload private data without anyone knowing you did that, how much...
- Transfer Safecoin from A to B without anyone knowing you did or how much while no one knows your balance
- Browse safe://websites without anyone knowing what/when and stuff like that
 

Thanks to Zeeman in particular for the regular and detailed updates and replies. I think we all appreciate it immensely Smiley

Meanwhile, I have a few queries that have been rattling around my head in relation to MaidSafe for quite a while. Let me run them past you all, if I may (sorry it's a bit of a mix!):

The Safe Network will, of course, be awesome. I love the whole concept. And I love that I can be involved in supplying some of the space in the new network.

1). However, there is one thing that worries me quite a bit ... if it's totally secure, anonymous, untraceable etc., how can the network keep it from being abused, e.g. by terrorists? You'll know who I have in mind there. It would be a terrible misuse of such an amazing tool if it's hijacked with, for example, 'how to' websites for all manner of destructive topics/sites, or even nasty paedo type stuff. How do we keep that stuff out if we can't 'see' who published or communicated it?

2). Meanwhile, if I understand it right, a SAFE coin may well be more of a [disc] 'storage' unit/value rather than a 'financial' value like other crypto coins. Let's say I have 4000 SAFE coins, but I don't need that amount of storage. Rookie question I suspect ... I can just 'sell' those coins? I'm confused because I read that it's not coins ... it's space. Maybe that doesn't matter and it's as easily traded. But the whole 'burn and recycle' thing (if I understand it right) is confusing me a little. I think I get it but I'm just double-checking here!

3). I know originally that SAFE coins were not going to be divisible. Given how much crypto coins/tokens have taken off even in only the last quarter, is that decision still up for debate? My thinking is that if a MAID coin is eventually swappable 1:1 for a SAFE coin once available, if the price of a SAFE coin by then is, say, $500 (wouldn't that be nice!), wouldn't smaller potential fractions, like Satoshis are to Bitcoin, be wise? Or have I missed some other conversation that's already covered that?

Thanks in advance for any insight on any of the above.

For me I very much worry about point 1 mentioned above.
It's nice to know the government cannot shut down the SAFE network because it's decentralised, but I really don't want to support a network where terrorist and pedophiles can do what they want without being caught.
So best would be to built in a backdoor into the network and make it possible to unlock data when 3 parts of a decryption key are being used.
These 3 keys could then be left with for instance: the MAIDSAFE foundation, an impartial third party and a government agency
If certain activity is detected, there should then be a procedure that determines if the keys can be used to unlock the user data.
If there isn't something like this in place, I worry the SAFE network will be a safe haven for all sorts of degenerate people and activities.

I would really like to hear other people's ideas on this !



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June 13, 2017, 07:21:16 PM
 #2615

isnt this coin supposed to be super secure?

Yes, the whole network is supposed to be secure so:

- Register a domain without anyone knowing you did so... but still you are the owner
- Upload private data without anyone knowing you did that, how much...
- Transfer Safecoin from A to B without anyone knowing you did or how much while no one knows your balance
- Browse safe://websites without anyone knowing what/when and stuff like that
 

Thanks to Zeeman in particular for the regular and detailed updates and replies. I think we all appreciate it immensely Smiley

Meanwhile, I have a few queries that have been rattling around my head in relation to MaidSafe for quite a while. Let me run them past you all, if I may (sorry it's a bit of a mix!):

The Safe Network will, of course, be awesome. I love the whole concept. And I love that I can be involved in supplying some of the space in the new network.

1). However, there is one thing that worries me quite a bit ... if it's totally secure, anonymous, untraceable etc., how can the network keep it from being abused, e.g. by terrorists? You'll know who I have in mind there. It would be a terrible misuse of such an amazing tool if it's hijacked with, for example, 'how to' websites for all manner of destructive topics/sites, or even nasty paedo type stuff. How do we keep that stuff out if we can't 'see' who published or communicated it?

2). Meanwhile, if I understand it right, a SAFE coin may well be more of a [disc] 'storage' unit/value rather than a 'financial' value like other crypto coins. Let's say I have 4000 SAFE coins, but I don't need that amount of storage. Rookie question I suspect ... I can just 'sell' those coins? I'm confused because I read that it's not coins ... it's space. Maybe that doesn't matter and it's as easily traded. But the whole 'burn and recycle' thing (if I understand it right) is confusing me a little. I think I get it but I'm just double-checking here!

3). I know originally that SAFE coins were not going to be divisible. Given how much crypto coins/tokens have taken off even in only the last quarter, is that decision still up for debate? My thinking is that if a MAID coin is eventually swappable 1:1 for a SAFE coin once available, if the price of a SAFE coin by then is, say, $500 (wouldn't that be nice!), wouldn't smaller potential fractions, like Satoshis are to Bitcoin, be wise? Or have I missed some other conversation that's already covered that?

Thanks in advance for any insight on any of the above.

Thanks for all the questions (including from @Anduril_FotW) they've come up on the forum as well.

1.) Nobody can stop someone from posting terror videos or other illegal stuff. Maybe we'll see Vaults that decide not to route certain data, but the idea is that even the Vaults have no clue what they store. Silkroad was online on TOR for quite some time, but the owner of the website got caught anyway. So even on encrypted networks people make mistakes. And forums/chats/reddit/youtubes on SAFE could use moderators if they want. I guess most will do that. You can make a website where people are allowed to post videos, but when you have "admin rights" to that website (if you activate that) you can moderate whatever you want in your domain. MaidSafe already created black/white user_lists in 2016 to sort of test this idea. So let's say that 20 volunteers create SAFE-Tube, they could still remove videos when illegal stuff is uploaded. others could make a censorship free version of SAFE tube but it will probably get filled with spam.

2.) Safecoin is a coin that you can use to pay. You can also buy storage with it, so your client says to the group of nodes: I have some safecoin here and would like to use it for storage. they say; okay, burn the coin and we'll allow you to store x-GB of data. So it could be used for payments or storage.

3.) There are a lot of ideas to make Safecoin divisible. The forum is full of them  Grin. So no worries, you can sent 0.00000000000023 to someone if needed when Safecoin goes live.

https://safenetforum.org/t/safecoin-divisibility/4806

 
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June 13, 2017, 07:41:26 PM
 #2616

Thank you very much Zeeman for taking the time and trouble to answer my queries above so comprehensively - really appreciated and all now understood Smiley
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June 14, 2017, 09:35:56 AM
 #2617

hi guys. Just 10% of SAFE Coins to the MaidSafeCoin holders is not unfair? I mean, if the marketcap of SAFECOIN not reach 10x the MaidSafeCoin marketcap on the launch all the holders will loose money? thanks

was that a product of how they did the 2nd round product capital raise when they burnt through the initial cash?

At launch maidsafe coin holders will have 100% of the safe coin supply, it is only 10% of the final supply though.  But this is supposed to take many years to reach so what he is saying isn't an issue.     


was this how it was sold in the ICO from the beginning I cant be bothered checking.

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June 14, 2017, 11:36:50 AM
 #2618

hi guys. Just 10% of SAFE Coins to the MaidSafeCoin holders is not unfair? I mean, if the marketcap of SAFECOIN not reach 10x the MaidSafeCoin marketcap on the launch all the holders will loose money? thanks

was that a product of how they did the 2nd round product capital raise when they burnt through the initial cash?

At launch maidsafe coin holders will have 100% of the safe coin supply, it is only 10% of the final supply though.  But this is supposed to take many years to reach so what he is saying isn't an issue.     


was this how it was sold in the ICO from the beginning I cant be bothered checking.

Yes, the MAID serves as a proxycoin for the real Safecoin. So when you can exchange 1 MAID for 1 Safecoin, the MAID Holders become the first Safecoin holders and around 10% of all coins (4.3 billion total) will be out in the open. But when Safecoin goes live, Farming will start at the same time. So new coins will be created from that moment on. And when people use Safecoin (to store data etc.) they actually "burn" the coins so the address become free to be Farmed again in the future (if ever). So when Safecoin and Farming go live coins are created burned and used all at the same time.

You could even get coins without buying them. Just run a Vault for some time and you might earn enough to get your own domain and upload your website en store some data. 
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June 14, 2017, 12:40:46 PM
 #2619

I'M new here, i would like to know whats your prediction for this coin in terms of value potential? and is it worth it to invest now?
thanks!
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June 14, 2017, 02:07:46 PM
 #2620

I'M new here, i would like to know whats your prediction for this coin in terms of value potential? and is it worth it to invest now?
thanks!


I'm a long-term-holder of MAID and several related projects like PDC and SAFE FS. I have no idea what the price will bring us, I would be surprised though if we would stay at a 223 million marketcap. I could speculate but it would be just speculation  Cheesy. MaidSafe is quite unique as they don't use a blockchain for their project. 
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