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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 528716 times)
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May 05, 2014, 07:59:12 PM
 #821

Any good news ?
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May 05, 2014, 08:54:05 PM
 #822

I did create another google account and subsequently got banned for replying to David. In reply to Ben who just asked for the vote on whether my previous account should be banned (presumably for accusing David of overcharging someone $900 as backed up by a crazy thing called math)

https://groups.google.com/forum/#!topic/maidsafe-development/6nMpc4qI7ow

Don't bother voting for a ban. David bans first and pretends it's a vote!
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May 05, 2014, 10:02:35 PM
 #823

In fact,  a lot more than $3 million has already been burned over the 8 years of software development for this coin. 


If this is true, I would sell all my safecoin immediately. 
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May 06, 2014, 07:34:03 AM
 #824

https://github.com/maidsafe/MaidSafe/wiki/Roadmap

Current State

Features

On static local network

Login/Logout via MAID keys
Store/Get data chunks
Mount drive and perform read/writes (testing currently)
Milestone 1

Features

API project with examples
On dynamic local/external network

Login/Logout using session
Store/Get data chunks
Mount drive and perform read/writes
Improved rUDP with encrypted bootstrap process
Enabled Caching
Messaging and public shares

Task breakdown

Vault

Allow free Put & remove Delete functionality
Enable Caching
Account Transfer Implementation (Data Manager/Pmid Manager)
Version Handler Refactor
Finalise MAID APIs
Vault Creation Manager/Handler- storing PMID/ANPMID and creating vault configuration file with wallet address
Mpid Persona Implementation & public shares
Finalise MPID APIs
RUDP

Rudp fixes
Encrypted bootstrap process
Routing

Enable / Test Caching
Encrypted bootstrap process
API

Example codes
Drive testing and benchmarking against current Vault network
Installation & Configuration

Vault Manager
Bootstrap handler
Update Installer
Update Manager
Milestone 2

Features

Safecoin implementation - test_safecoin
More security built around persona groups
Interleaved/Separate Control channel for rUDP - Fast and better dynamic reconfiguration
Task breakdown

Vault

Implement Shadow group across all required personas
Safecoin implementation
Vault Creation Manager/Handler- Network assigning pmid keys
Upgrade to RSA 4096 bit encryption
Obfuscate chunk on disk
Routing

Guarantee message source per hop
Different keys on all layers Rudp/Routing/Vault
RUDP

Different keys on all layers Rudp/Routing/Vault
Congestion control / WiFi testing
Interleaved/Separate Control channel
Milestone 3

Features

Safecoin
Ranking and Archiving
System wide resource management
Task breakdown

Vault

Design / Implement Client to act as MaidManagers
Ranking implementation
Archiving implementation
Network segmentation handling
resource management
Routing

Network segmentation tests
Ongoing tests

Drive testing and benchmarking against Vault network
Distributed rUDP tests and benchmarking
Router testing (Hole punching)
Routing Ack testing
More churn tests
Scalability tests
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May 06, 2014, 01:16:25 PM
 #825

In fact,  a lot more than $3 million has already been burned over the 8 years of software development for this coin. 


If this is true, I would sell all my safecoin immediately. 

It's been said, repeatedly, that the MaidSafe guys have previously received funds invested from "friends and family" for past development work on this project, which is what I am assuming this refers to.  And provision has been made for "rewarding" these early alpha-stage investors, seed-capital supporters, in the current coin structure, which seems appropriate to me.

But I don't know that exact dollar amounts have been published, have they?  And is $3 million really that much for a project of this scope and potential?  Seems to me that even developing a silly game or smartphone app these days often "burns thru" a million or more before anything really substantial can emerge: how much does something like Angry Birds cost?

$3 million in 8 years is $375K a year = still looks like a shoestring bootstrap software development business to me, but they HAVE developed something compelling, so far... looks like to me.

So unless all this is totally wrong and I'm an idiot, personally I'm still gonna hang on to my safecoin, but if you don't agree?  Then, yeah, ya better go sell all of yours off before it tanks to $0 zero.

Hard to tell at this early stage of a game like this which one's really the smart move... if making money in speculative VC-type investments was so easy, then everyone would be doing it :-P

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May 06, 2014, 02:01:22 PM
 #826


Wow 0.000030 BTC per MaidSafe.
Going down from 0.000058, such investment.
Much profit -50%
Very worth it


Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
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May 06, 2014, 02:13:29 PM
 #827


Wow 0.000030 BTC per MaidSafe.
Going down from 0.000058, such investment.
Much profit -50%
Very worth it



The investment has turned sour for us Bitcoin investors, however the Mastercoin bagholders are up 2 times on their investment.
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May 06, 2014, 02:28:26 PM
 #828

In fact,  a lot more than $3 million has already been burned over the 8 years of software development for this coin. 


If this is true, I would sell all my safecoin immediately. 

It's been said, repeatedly, that the MaidSafe guys have previously received funds invested from "friends and family" for past development work on this project, which is what I am assuming this refers to.  And provision has been made for "rewarding" these early alpha-stage investors, seed-capital supporters, in the current coin structure, which seems appropriate to me.

But I don't know that exact dollar amounts have been published, have they?  And is $3 million really that much for a project of this scope and potential?  Seems to me that even developing a silly game or smartphone app these days often "burns thru" a million or more before anything really substantial can emerge: how much does something like Angry Birds cost?

$3 million in 8 years is $375K a year = still looks like a shoestring bootstrap software development business to me, but they HAVE developed something compelling, so far... looks like to me.

So unless all this is totally wrong and I'm an idiot, personally I'm still gonna hang on to my safecoin, but if you don't agree?  Then, yeah, ya better go sell all of yours off before it tanks to $0 zero.

Hard to tell at this early stage of a game like this which one's really the smart move... if making money in speculative VC-type investments was so easy, then everyone would be doing it :-P


My point exactly.   There is a cost to development.   I'm glad the development is on a shoestring budget.   I am glad that they raised $6 million for future development.  In the world of competitive crypto-currency, this is a nice war chest to have.   

Mastercoin has also a very large development budget however in my opinion MSC is built on a suspect vision and idea.   Safecoin in contrast has a lot more solid ideas.   



      
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May 06, 2014, 02:32:40 PM
 #829


Wow 0.000030 BTC per MaidSafe.
Going down from 0.000058, such investment.
Much profit -50%
Very worth it



The investment has turned sour for us Bitcoin investors, however the Mastercoin bagholders are up 2 times on their investment.

The current price is actually between the price MSC buyers and BTC buyers bought the coin.  So it is actually the average IPO price.   

The price above of 0.000058 does not take into account the 40% bonus.  The real price for BTC is at .000042.  However,  if you look at the orderbook,  there is not a lot of selling below .000042.  The price is the way it is simply because the market is very illiquid.


      
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May 07, 2014, 03:58:04 AM
 #830

So what is now? When are we expecting some product, in three years?

They have made their money, so sit back and pray now.

Nobody seems to have an answer why they involved Mastercoins in the first place. What was the problem with just a BTC IPO?






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May 07, 2014, 04:13:31 AM
 #831

So what is now? When are we expecting some product, in three years?

They have made their money, so sit back and pray now.

Nobody seems to have an answer why they involved Mastercoins in the first place. What was the problem with just a BTC IPO?

Faster transactions with the MSC protocol and some support reasons for their tech if i recall
MSC was fast so did prove that it did what it is designed to do hehe
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May 07, 2014, 04:29:19 AM
 #832

So now they're banning anyone who mentions how shoddy their IPO was on the Google groups forum.

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May 07, 2014, 10:43:56 AM
 #833

From the google groups forum;


May 5David Irvine
Ok I have had enough of the good work everyone is doing being hijacked by time wasters. I am going to become a little ruthless at banning people who come on this list and waste time. Its a waste of all of our time to read and worse answer some of these people.

I think we are aware this is constantly the same people and the last few are just as bad. We had a guy trying to tell us he set up counterparty maidsafecoins and wanted us to buy the name for 5BTC. There have been other such people recently and these are just a PITA.

I want the devs to get on with their work and this community to debate, design and discover the ways we can make SAFE a reality and get the testnets up and running. 

In terms of the crowd sale we finished the 2nd and last part of the Master Protocol discussions and this is recorded here http://mastercointalk.org/index.php?topic=460.0 and publicly available. I hope we all learn from this, but it is what it is. There were errors, tech issues and more. A combination of difficulties did arise and were dealt with. In any case we cannot go over it many times per day and we have to live with it all. Typically open and honest approach, unfortunately it attracts the weak and their alternative world view of things. It is best to stick to facts.

In any case I will ban these people on sight and not waste any more of your time. I am sorry we have all had our focus taken off the ball with these people, I will try hard to make sure this is handled swiftly and efficiently. I may make mistakes and feel free to say if you think I do.

Cheers folks (don't feed the trolls)
--

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Secure email and chat: dir...@unseen.is
twitter: @metaquestions
blog:  http://metaquestions.me
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May 07, 2014, 11:01:51 AM
 #834

From the google groups forum;


May 5David Irvine
Ok I have had enough of the good work everyone is doing being hijacked by time wasters. I am going to become a little ruthless at banning people who come on this list and waste time. Its a waste of all of our time to read and worse answer some of these people.

I think we are aware this is constantly the same people and the last few are just as bad. We had a guy trying to tell us he set up counterparty maidsafecoins and wanted us to buy the name for 5BTC. There have been other such people recently and these are just a PITA.

I want the devs to get on with their work and this community to debate, design and discover the ways we can make SAFE a reality and get the testnets up and running. 

In terms of the crowd sale we finished the 2nd and last part of the Master Protocol discussions and this is recorded here http://mastercointalk.org/index.php?topic=460.0 and publicly available. I hope we all learn from this, but it is what it is. There were errors, tech issues and more. A combination of difficulties did arise and were dealt with. In any case we cannot go over it many times per day and we have to live with it all. Typically open and honest approach, unfortunately it attracts the weak and their alternative world view of things. It is best to stick to facts.

In any case I will ban these people on sight and not waste any more of your time. I am sorry we have all had our focus taken off the ball with these people, I will try hard to make sure this is handled swiftly and efficiently. I may make mistakes and feel free to say if you think I do.

Cheers folks (don't feed the trolls)
--

David Irvine
Secure email and chat: dir...@unseen.is
twitter: @metaquestions
blog:  http://metaquestions.me


Bravo!  Enough of the whining and the scamming and let's get down to business!


      
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May 07, 2014, 12:41:10 PM
 #835

From the google groups forum;


May 5David Irvine
Ok I have had enough of the good work everyone is doing being hijacked by time wasters. I am going to become a little ruthless at banning people who come on this list and waste time. Its a waste of all of our time to read and worse answer some of these people.

I think we are aware this is constantly the same people and the last few are just as bad. We had a guy trying to tell us he set up counterparty maidsafecoins and wanted us to buy the name for 5BTC. There have been other such people recently and these are just a PITA.

I want the devs to get on with their work and this community to debate, design and discover the ways we can make SAFE a reality and get the testnets up and running. 

In terms of the crowd sale we finished the 2nd and last part of the Master Protocol discussions and this is recorded here http://mastercointalk.org/index.php?topic=460.0 and publicly available. I hope we all learn from this, but it is what it is. There were errors, tech issues and more. A combination of difficulties did arise and were dealt with. In any case we cannot go over it many times per day and we have to live with it all. Typically open and honest approach, unfortunately it attracts the weak and their alternative world view of things. It is best to stick to facts.

In any case I will ban these people on sight and not waste any more of your time. I am sorry we have all had our focus taken off the ball with these people, I will try hard to make sure this is handled swiftly and efficiently. I may make mistakes and feel free to say if you think I do.

Cheers folks (don't feed the trolls)
--

David Irvine
Secure email and chat: dir...@unseen.is
twitter: @metaquestions
blog:  http://metaquestions.me


While I'm not convinced and not happy enough, But agree that it's better to face forward and run the testnet ASAP. So people forget the bad taste of this weak IPO.

Go David! We are watching!

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May 07, 2014, 01:01:31 PM
 #836

From the google groups forum;


May 5David Irvine
Ok I have had enough of the good work everyone is doing being hijacked by time wasters. I am going to become a little ruthless at banning people who come on this list and waste time. Its a waste of all of our time to read and worse answer some of these people.

I think we are aware this is constantly the same people and the last few are just as bad. We had a guy trying to tell us he set up counterparty maidsafecoins and wanted us to buy the name for 5BTC. There have been other such people recently and these are just a PITA.

I want the devs to get on with their work and this community to debate, design and discover the ways we can make SAFE a reality and get the testnets up and running. 

In terms of the crowd sale we finished the 2nd and last part of the Master Protocol discussions and this is recorded here http://mastercointalk.org/index.php?topic=460.0 and publicly available. I hope we all learn from this, but it is what it is. There were errors, tech issues and more. A combination of difficulties did arise and were dealt with. In any case we cannot go over it many times per day and we have to live with it all. Typically open and honest approach, unfortunately it attracts the weak and their alternative world view of things. It is best to stick to facts.

In any case I will ban these people on sight and not waste any more of your time. I am sorry we have all had our focus taken off the ball with these people, I will try hard to make sure this is handled swiftly and efficiently. I may make mistakes and feel free to say if you think I do.

Cheers folks (don't feed the trolls)
--

David Irvine
Secure email and chat: dir...@unseen.is
twitter: @metaquestions
blog:  http://metaquestions.me



In direct response to the shocking trolling here: https://groups.google.com/forum/?hl=en#!topic/maidsafe-development/6nMpc4qI7ow
mitao
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May 07, 2014, 01:48:56 PM
 #837

thanks @maidsafe for the roadmap. Is there any time window estimation for each step?
msin
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May 07, 2014, 05:21:53 PM
 #838


Bravo!  Enough of the whining and the scamming and let's get down to business!

Bravo what?  These guys have raised $6mil, so I think it's only fair they are subjected to tough questions.  In the real world, if you want to raise $6mil, you are going to be vetted thoroughly.  Instead, this guy is censoring his "forum" so all you will see if cheerleader comments like this.  Lame. 
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May 07, 2014, 05:24:59 PM
 #839

Has the ipo ended or can we still get coins? Smiley
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May 07, 2014, 05:26:47 PM
 #840

In fact,  a lot more than $3 million has already been burned over the 8 years of software development for this coin. 


If this is true, I would sell all my safecoin immediately. 

It's been said, repeatedly, that the MaidSafe guys have previously received funds invested from "friends and family" for past development work on this project, which is what I am assuming this refers to.  And provision has been made for "rewarding" these early alpha-stage investors, seed-capital supporters, in the current coin structure, which seems appropriate to me.


Nothing to do with budget, if you are developing something for 8 years with nothing released, then you should be worried.  I guess with $6mil now, they can keep going for another 16 years!  I personally know of 3 legitimate Maidsafe competitors that will have working products in the next 6 months.  I hope Maidsafe can beat that time frame. 
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