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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 534493 times)
zeeman
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June 08, 2017, 07:13:48 PM
 #2601




A sweet dev update today...


https://safenetforum.org/t/maidsafe-dev-update-june-8-2017/14105


Enjoy!@!
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June 08, 2017, 09:19:11 PM
 #2602

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
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June 08, 2017, 09:20:50 PM
 #2603


So...network launch soon? I can't wait.

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zeeman
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June 09, 2017, 01:45:45 PM
 #2604

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

I don't know if I get your question right, but in total 4.3 billion Safecoin will ever be created. This probably won't happen before the year 2100 if ever.

MaidSafe the company sold 10% of that number in 2014 at the crowdfund. Due to a little glitch with the OMNI (back then called Mastercoin) system the creation of new coins was stopped a little too late. So around 453 million are in circulation right now.

http://coinmarketcap.com/assets/maidsafecoin/#charts

When Safecoin goes live after testing you can change your MAID for the real Safecoin 1-on-1. If you want to store (PUT) data in the network you "burn" some Safecoin. The address of the coin gets free so it might be farmed again in the future (if ever). When someone "Farmes" Safecoin the nodes will pick a random address from the 4.3 billion. If that address is already owned, the Farming Attempt fails. If it's free it goes to the farmer.

There's also Farming algo's. When more people try to farm, less coins are rewarded. When too less people farm, the reward goes up to attract more Farmers. So overall a lot of dynamics. The network doesn't care about the Safecoin price being 50 cents or 4 dollar. It will always balance out. Coins are created and burned all the time.

Hope that helps.       

 
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June 09, 2017, 03:48:04 PM
 #2605

How OMNI and MAID are related? Why MAID price is stalled under 20k?

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June 10, 2017, 10:14:59 AM
 #2606

What is the difference between Maid and SafeExchangeCoin (SAFEX)?
zeeman
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June 10, 2017, 02:46:16 PM
 #2607

What is the difference between Maid and SafeExchangeCoin (SAFEX)?

Safex was supposed to be an exchange to work on the SAFE network. The Safex dev decided to move Safex away from SAFE to use a blockchain after all. So the projects aren't related. Maidsafe never had a connection with that dev although he was part of the SAFE community. Here's the Safex website, they have their own forum:

https://safex.io


@techish

MAID is currently on the OMNI protocol. Will change after the official launch of Safecoin. That's the moment you can change the current MAID (running on the blockchain) for the SAFE network (without blockchain).
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June 10, 2017, 03:41:46 PM
 #2608

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
 #2609

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
 #2610

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.
zeeman
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June 12, 2017, 09:47:51 AM
 #2611

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
 #2612

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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wir leben schnell und wir sterben jung
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June 12, 2017, 11:41:27 PM
 #2613

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
 #2614

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
 #2615

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
 #2616

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
 #2617

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June 13, 2017, 11:37:41 AM
 #2618

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
 #2619

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
 #2620

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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