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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 532839 times)
Anduril_FotW
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June 13, 2017, 04:09:21 PM
 #2621

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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zeeman
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June 13, 2017, 07:21:16 PM
 #2622

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
 #2623

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
 #2624

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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zeeman
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June 14, 2017, 11:36:50 AM
 #2625

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
 #2626

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!
zeeman
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June 14, 2017, 02:07:46 PM
 #2627

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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June 15, 2017, 08:19:43 PM
 #2628



https://safenetforum.org/t/maidsafe-dev-update-june-15-2017/14281

Enjoy!@!
ibcrypto
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June 17, 2017, 10:59:52 PM
 #2629

They need to:

1) Make some announcements about API's with "Partnerships" to deploy App's which use MaidSAFE for  Storage, (AirBitz key storage, Kim DotCom Mega Uplaod 2 or any App that stores Data).

2.) Announce more detail about the release of the true coin and its associated economy of builders/farmers.

All the pieces are there to get this coin some big movement with real problem solving.

The first App that gets deployed and shows profit will change everything.  Until then its ok to pump the ideas!

Look at how Tesla/Amazon do the exact same thing with no profit!!!

Love the idea and still hopeful - BUT.....
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June 18, 2017, 05:32:55 PM
 #2630

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

MAID is like sleeping volcano...You newer know when it wakes up Cool Just patience..
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June 22, 2017, 01:29:05 PM
 #2631

Silence before storm Cool
zeeman
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June 22, 2017, 07:24:14 PM
 #2632




https://safenetforum.org/t/maidsafe-dev-update-june-22-2017/14425


TL;DR They've had hoped to release the public testnetwork this week but you know; bugs  Cheesy
Another dev hired (the guy that built the SAFE Browser). The SAFE Network San Francisco meetup on July 11. All
code for the Mutable Data is now in the master branch on GitHub.

Enjoy!@!
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June 23, 2017, 02:30:10 AM
 #2633

So all these Alpha tests are only with the client side front end?  When will the public get to test the meat of the protocol and run their own nodes and 'farm' for coins in a testnet? 

Shouldn't the devs be doing this the other way around and concentrate on the server side instead of the client side?  It's really hard to take all the client side tests seriously if the server side isn't going well.

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zeeman
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June 23, 2017, 09:49:50 AM
 #2634

So all these Alpha tests are only with the client side front end?  When will the public get to test the meat of the protocol and run their own nodes and 'farm' for coins in a testnet?  

Shouldn't the devs be doing this the other way around and concentrate on the server side instead of the client side?  It's really hard to take all the client side tests seriously if the server side isn't going well.

Alpha 2 was supposed to run with Vaults from home, we've already had several testnets testing these. Then a hacker decided to attack the network which is very easy as storing is free and several safety features aren't implemented yet. So we saw client spamming and a bizar amount of accounts created.

That's why they decided to do it the other way around. Instead of focus on Vaults from home for Alpha 2 they made it about Mutable Data and the APIs for devs. Half of the team is already focused on Alpha 3 implementing spam attacks, secure joining and more. This from the update:

Quote
To prevent client spamming the network, we have introduced a concept of rate-limiter2. We start with defining what is the total bandwidth that can be handled non-disruptively by the network on behalf of the clients (bandwidth usage due to churn/data-relocation etc. are over and above this). These numbers will likely be tweaked based on test results and actual network capability. Then we divide that by the total number of potential proxies we plan the testnet for, thus getting the maximum throughput allowed for clients per proxy. Then, depending on the total number of connected clients, we distribute this bandwidth evenly among them for fair usage policy.  

So you're right, the Vault part is important as well, but that's being worked on for weeks as now. But don't underestimate the APIs and Mutable Data. And next to that the SAFE Browser and Authenticator. Alpha 2 is gonna be quite a big release if you compare it to Alpha 1. This one should also kickstart the ecosystem with web apps. External devs have waited a long time for this stuff to finally come around.  
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June 25, 2017, 11:18:28 PM
 #2635

$MAID holders hold on.. this should be good
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June 26, 2017, 03:02:15 AM
 #2636

$MAID holders hold on.. this should be good
Maidsafe is holding on to 19k+ atleast even when everything is in deep red. But then upmove is equally appalling.
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June 27, 2017, 07:17:48 PM
 #2637

Very happy, after a few months trading and making capital, a got MAID at 18k satoshis, this project is about to explode  Grin Grin Grin Grin Grin
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June 28, 2017, 09:09:35 AM
 #2638



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June 28, 2017, 06:22:37 PM
 #2639

Holding and waiting... let's go $MAID
zeeman
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June 29, 2017, 01:31:48 PM
 #2640

Here's the Safenetwork Slack channel:


https://safenetwork.slack.com


New update tonight, let's see if they release the next testnet today. They have it up locally for 2 weeks now but had some bugs.

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