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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 532647 times)
Chang Hum
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May 09, 2014, 04:10:03 PM
 #881

Why didn't you just ask where you can see you're balance if that's what you wanted lol!!!! no worries anyway I was bored!
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May 09, 2014, 04:10:27 PM
 #882

    so good idea  so  expensive the price so long time to  make it out !  

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May 09, 2014, 06:08:21 PM
 #883

is msc traded publicly on an exchange yet?
Chang Hum
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May 09, 2014, 06:11:38 PM
 #884

is msc traded publicly on an exchange yet?

https://www.masterxchange.com/market.php?currency=maid
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May 10, 2014, 12:07:59 AM
 #885

Hi there I got a few questions about safecoin.

I was reading about it and what I understand so far is that it's proof-of-resource, so basically farmers gain coins by providing storage and processing power on the network for the benefit of other people. Now bitcoin is proof-of-work, so the miners get a percentage of the coins based on how much work they contribute. As we know, the value of bitcoin goes up and down due to speculators and other reasons. When the value dips a lot and mining isn't profitable, people start taking their miners offline reducing the total hashing power.

Now let's compare this to the proof-of-resource model, say safecoin has 1000 terabytes of cloud storage and the price drops to a point where it's not profitable to keep farming machines running so many take them offline. Now let's say that 950 terabytes of storage was being used to store data, but after a lot of farmers went offline there's only 750 terabytes available. What would happen to the excess data? Is a scenario like this possible? I'm still trying to understand this whole concept as it does seem a little confusing.

Also are 51% attacks a possibility on proof-of-resource networks? It would seem a lot easier for a giant corporation to gain 51% of the network I guess.

Can someone with more knowledge give their insight please?

Thanks

Bump, any insight would be helpful, thanks.
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May 10, 2014, 02:54:20 AM
 #886

Grin you  are a good man , i read your Everypost,thanks  for  your all post!
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May 10, 2014, 05:00:03 AM
 #887

Hi there I got a few questions about safecoin.

I was reading about it and what I understand so far is that it's proof-of-resource, so basically farmers gain coins by providing storage and processing power on the network for the benefit of other people. Now bitcoin is proof-of-work, so the miners get a percentage of the coins based on how much work they contribute. As we know, the value of bitcoin goes up and down due to speculators and other reasons. When the value dips a lot and mining isn't profitable, people start taking their miners offline reducing the total hashing power.

Now let's compare this to the proof-of-resource model, say safecoin has 1000 terabytes of cloud storage and the price drops to a point where it's not profitable to keep farming machines running so many take them offline. Now let's say that 950 terabytes of storage was being used to store data, but after a lot of farmers went offline there's only 750 terabytes available. What would happen to the excess data? Is a scenario like this possible? I'm still trying to understand this whole concept as it does seem a little confusing.

Also are 51% attacks a possibility on proof-of-resource networks? It would seem a lot easier for a giant corporation to gain 51% of the network I guess.

Can someone with more knowledge give their insight please?

Thanks


Bump, any insight would be helpful, thanks.


I believe that having 51% of the storage/cpu/bandwidth resources would give you 51% of the farming income.
Although  I don't see how that would allow you to double-spend safecoins or mess with other people's data.

It is not mentioned as an attack vector in this topic: https://groups.google.com/forum/#!topic/maidsafe-development/fFY34cKXIMs

If I understand your first question, the network would need to have enough redundancy to handle a certain percentage of farmers going offline.
Each shard of data would be stored on a large number of nodes.

Caveat: Just my thoughts after reading the white paper a few weeks ago and having forgotten most of it.
https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md

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May 10, 2014, 07:55:54 AM
 #888

Grin you  are a good man , i read your Everypost,thanks  for  your all post!

Thank you my friend  Grin
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May 11, 2014, 05:32:16 AM
 #889

Hi there I got a few questions about safecoin.

I was reading about it and what I understand so far is that it's proof-of-resource, so basically farmers gain coins by providing storage and processing power on the network for the benefit of other people. Now bitcoin is proof-of-work, so the miners get a percentage of the coins based on how much work they contribute. As we know, the value of bitcoin goes up and down due to speculators and other reasons. When the value dips a lot and mining isn't profitable, people start taking their miners offline reducing the total hashing power.

Now let's compare this to the proof-of-resource model, say safecoin has 1000 terabytes of cloud storage and the price drops to a point where it's not profitable to keep farming machines running so many take them offline. Now let's say that 950 terabytes of storage was being used to store data, but after a lot of farmers went offline there's only 750 terabytes available. What would happen to the excess data? Is a scenario like this possible? I'm still trying to understand this whole concept as it does seem a little confusing.

Also are 51% attacks a possibility on proof-of-resource networks? It would seem a lot easier for a giant corporation to gain 51% of the network I guess.

Can someone with more knowledge give their insight please?

Thanks


Bump, any insight would be helpful, thanks.


I believe that having 51% of the storage/cpu/bandwidth resources would give you 51% of the farming income.
Although  I don't see how that would allow you to double-spend safecoins or mess with other people's data.

It is not mentioned as an attack vector in this topic: https://groups.google.com/forum/#!topic/maidsafe-development/fFY34cKXIMs

If I understand your first question, the network would need to have enough redundancy to handle a certain percentage of farmers going offline.
Each shard of data would be stored on a large number of nodes.

Caveat: Just my thoughts after reading the white paper a few weeks ago and having forgotten most of it.
https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md


Regarding my first question, do you think it would be cost-prohibitive to provide such storage redundancy when compared to centralized cloud-based storage services. I'd imagine that it would be cheaper to have one online instance of data with an offline backup.

Thanks for the link, it did answer a few other issues I was wondering about.
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May 11, 2014, 06:49:41 AM
 #890

@MrBig, They've been at this since around 2007 and Moore's Law has worked as expected.  I would think cost is the least of their worries.

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May 11, 2014, 07:14:25 AM
 #891

the ipo is too big,so i am not apart
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May 12, 2014, 10:39:03 AM
 #892

this is good to know
the site :
http://safecoin.strikingly.com/
is legit ? or is some scam i see a very high price for maidsafe so
probably only for who have more money than i have ...
best price are over masterexchange

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May 12, 2014, 10:55:01 AM
 #893

tested
test.omniwallet.org
for BTC , MSc and Maidsafe
something better than even blockchain wallet
but a little risky like any wallet online
you have to extract private key
that's a thing that shared with a site
make your wallet essentially theirs
or if they are hacked ....
until now is going everything smooth and it can be a very
awesome thing more than bitcoin 2.0
a wallet for storing any coin ...
there is even another project for universal wallet paper :
https://bitcointalk.org/index.php?topic=386670.20

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May 12, 2014, 01:22:35 PM
 #894

tested
test.omniwallet.org
for BTC , MSc and Maidsafe
something better than even blockchain wallet
but a little risky like any wallet online
you have to extract private key
that's a thing that shared with a site
make your wallet essentially theirs
or if they are hacked ....
until now is going everything smooth and it can be a very
awesome thing more than bitcoin 2.0
a wallet for storing any coin ...
there is even another project for universal wallet paper :
https://bitcointalk.org/index.php?topic=386670.20

Could you not just run the wallet on your on laptop? 


      
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.......Whitepaper.......
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May 13, 2014, 05:28:15 AM
 #895

Had Mastercoins from the giveaway thread so doesn't hurt to diversify them a bit into the maid system

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May 13, 2014, 04:45:38 PM
 #896

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. 

1st one.
https://bitcointalk.org/index.php?topic=591283.0
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May 13, 2014, 08:52:57 PM
 #897

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. 

1st one.
https://bitcointalk.org/index.php?topic=591283.0


While they do appear to be a maidsafe competitor, there's absolutely no indication that they'll have a working product in the next 6 months. In fact, they're actually asking for 250 btc to use for living expenses for the next year so they can work on their project. 

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May 13, 2014, 09:12:00 PM
 #898

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. 

1st one.
https://bitcointalk.org/index.php?topic=591283.0


While they do appear to be a maidsafe competitor, there's absolutely no indication that they'll have a working product in the next 6 months. In fact, they're actually asking for 250 btc to use for living expenses for the next year so they can work on their project. 

So where is maidsafe development standing at the moment ? Are they able to outperform Ethereum ?

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May 13, 2014, 09:33:12 PM
 #899

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. 

1st one.
https://bitcointalk.org/index.php?topic=591283.0


While they do appear to be a maidsafe competitor, there's absolutely no indication that they'll have a working product in the next 6 months. In fact, they're actually asking for 250 btc to use for living expenses for the next year so they can work on their project. 

So where is maidsafe development standing at the moment ? Are they able to outperform Ethereum ?

I'm not too sure about how far ethereum has come along. Even maidsafe seems to be quite far from having a product released. They seem to be very ambitious with their perception of what the SAFE network will be capable of, but I think if they focus on several smaller goals, they should have a product available for testing in a few months possibly.

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May 14, 2014, 05:04:09 AM
 #900

the ipo is too big,so i am not apart

Thanks for letting us know. In the future when there is a small IPO I'll let you know so you can be "apart".
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