[ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet

[tempus]

Does this critique is justified? I came accross this in one forum.

http://www.metzdowd.com/pipermail/cryptography/2016-August/030051.html

There is a thread on the Maidsafe-Forum about that:
https://safenetforum.org/t/former-maidsafe-engineer-outlines-what-appear-to-be-several-serious-issues-with-the-platform/10960/35

[1714178616]

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[ruletheworld]

Does this critique is justified? I came accross this in one forum.

http://www.metzdowd.com/pipermail/cryptography/2016-August/030051.html

There is a thread on the Maidsafe-Forum about that:
https://safenetforum.org/t/former-maidsafe-engineer-outlines-what-appear-to-be-several-serious-issues-with-the-platform/10960/35

Interesting discussion. I saw Lopp's tweet too.

[iCEBREAKER]

Does this critique is justified? I came accross this in one forum.

http://www.metzdowd.com/pipermail/cryptography/2016-August/030051.html

Great critique.  Absolutely devastating to the hopium overdose pipe dream of Maid creating some kind of new, post-Bitcoin cryptography.

I've been saying Maid is nothing more than 1990s era Gnutella/Freenet/Kademlia DHT, with trendy "MOAR BLOCKCHAIN" glued on for marketing/fundraising purposes.

Now we have confirmation of that assertion, from a former Maid dev:

I do not see any advancements from existing distributed storage
networks.

The C++ code required that every node in the quorum group
receive and successfully process messages in identical order, and a
node making a request assumed the first "quorum-size" messages received
were from the quorum. I do not know how they intend to properly keep
the group in consensus with p2p churn, and they had a non-implemented
solution for the group verification which [Christophe Aguettaz
discovered would likely have security issues][0]. The Rust code
currently mirrors the C++ code in these two areas, and potential
solutions to the problems are vague.

[sebastiebass]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

[labestia]

I still have my maidsafe coins sitting in my blockchain.info address from the IPO.  I tried obtaining the private key to the wallet on blockchain.info and was able to get it from the 'imported addresses' section which has the address where my maidsafecoins reside.

I then tried importing the private key into my omniwallet.org wallet but it created a different address than the one in my blockchain wallet and my safecoins are still on the blockchain wallet and not the omni wallet.

I'm officially stuck and looking for any guidance you guys can provide.  I've gone so far as to downloading the bip39 standalone and entering the relevant info but i'm up to 3,619 lines and still haven't found my address with my safecoins.

Please help!  thanks guys

[labestia]

figured it out, needed to convert the base58 priv key to hex and import that into omni wallet.

[RichDaniel]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

[zeeman]

Does this critique is justified? I came accross this in one forum.

http://www.metzdowd.com/pipermail/cryptography/2016-August/030051.html

Great critique.  Absolutely devastating to the hopium overdose pipe dream of Maid creating some kind of new, post-Bitcoin cryptography.

I've been saying Maid is nothing more than 1990s era Gnutella/Freenet/Kademlia DHT, with trendy "MOAR BLOCKCHAIN" glued on for marketing/fundraising purposes.

Now we have confirmation of that assertion, from a former Maid dev:

I do not see any advancements from existing distributed storage
networks.

The C++ code required that every node in the quorum group
receive and successfully process messages in identical order, and a
node making a request assumed the first "quorum-size" messages received
were from the quorum. I do not know how they intend to properly keep
the group in consensus with p2p churn, and they had a non-implemented
solution for the group verification which [Christophe Aguettaz
discovered would likely have security issues][0]. The Rust code
currently mirrors the C++ code in these two areas, and potential
solutions to the problems are vague.

[claycoins]

Does this critique is justified? I came accross this in one forum.

http://www.metzdowd.com/pipermail/cryptography/2016-August/030051.html

Great critique.  Absolutely devastating to the hopium overdose pipe dream of Maid creating some kind of new, post-Bitcoin cryptography.

I've been saying Maid is nothing more than 1990s era Gnutella/Freenet/Kademlia DHT, with trendy "MOAR BLOCKCHAIN" glued on for marketing/fundraising purposes.

Now we have confirmation of that assertion, from a former Maid dev:

I do not see any advancements from existing distributed storage
networks.

The C++ code required that every node in the quorum group
receive and successfully process messages in identical order, and a
node making a request assumed the first "quorum-size" messages received
were from the quorum. I do not know how they intend to properly keep
the group in consensus with p2p churn, and they had a non-implemented
solution for the group verification which [Christophe Aguettaz
discovered would likely have security issues][0]. The Rust code
currently mirrors the C++ code in these two areas, and potential
solutions to the problems are vague.

Always bet on ICE? 

[Anduril_FotW]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.

[tempus]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.

I highly doubt that. Because the logic is not true. Many whales have too much trust in exchanges. Think back: MtGox - who would have trusted that exchange with much money? Many! Same with Bitfinex and it's the same with Poloniex.

There are > 100k accounts on Poloniex, most likely about 150k or something like that. And let's say 50 guys on Polo are very rich - and some of them are stupid. And we've seen big walls also in Ethereum and Factom.

Plus: If Polo would play shady games with a total lack of subtlety they could come into trouble with the SEC. And in my opinion Poloniex is where it is because they are professionals.

[hollandvan]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.

I highly doubt that. Because the logic is not true. Many whales have too much trust in exchanges. Think back: MtGox - who would have trusted that exchange with much money? Many! Same with Bitfinex and it's the same with Poloniex.

There are > 100k accounts on Poloniex, most likely about 150k or something like that. And let's say 50 guys on Polo are very rich - and some of them are stupid. And we've seen big walls also in Ethereum and Factom.

Plus: If Polo would play shady games with a total lack of subtlety they could come into trouble with the SEC. And in my opinion Poloniex is where it is because they are professionals.

Polo is biggest exchange now, and about SEC, polo has the license, so does bittrex, if i remember correctly.

[tempus]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.

I highly doubt that. Because the logic is not true. Many whales have too much trust in exchanges. Think back: MtGox - who would have trusted that exchange with much money? Many! Same with Bitfinex and it's the same with Poloniex.

There are > 100k accounts on Poloniex, most likely about 150k or something like that. And let's say 50 guys on Polo are very rich - and some of them are stupid. And we've seen big walls also in Ethereum and Factom.

Plus: If Polo would play shady games with a total lack of subtlety they could come into trouble with the SEC. And in my opinion Poloniex is where it is because they are professionals.

Polo is biggest exchange now, and about SEC, polo has the license, so does bittrex, if i remember correctly.

Yes. But that is even more an argument in my opinion that they don't act shady. Most likely they are not allowed to trade at all.

[sweet bird]

Having an eye at the project....
It took a great start,hope it'll continue its success journrey smoothly

[nowclever]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.

I highly doubt that. Because the logic is not true. Many whales have too much trust in exchanges. Think back: MtGox - who would have trusted that exchange with much money? Many! Same with Bitfinex and it's the same with Poloniex.

There are > 100k accounts on Poloniex, most likely about 150k or something like that. And let's say 50 guys on Polo are very rich - and some of them are stupid. And we've seen big walls also in Ethereum and Factom.

Plus: If Polo would play shady games with a total lack of subtlety they could come into trouble with the SEC. And in my opinion Poloniex is where it is because they are professionals.

Polo is biggest exchange now, and about SEC, polo has the license, so does bittrex, if i remember correctly.

Yes. But that is even more an argument in my opinion that they don't act shady. Most likely they are not allowed to trade at all.

Do you have the proof that they are shady? LOL, your argument is speculation.

[tempus]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.

I highly doubt that. Because the logic is not true. Many whales have too much trust in exchanges. Think back: MtGox - who would have trusted that exchange with much money? Many! Same with Bitfinex and it's the same with Poloniex.

There are > 100k accounts on Poloniex, most likely about 150k or something like that. And let's say 50 guys on Polo are very rich - and some of them are stupid. And we've seen big walls also in Ethereum and Factom.

Plus: If Polo would play shady games with a total lack of subtlety they could come into trouble with the SEC. And in my opinion Poloniex is where it is because they are professionals.

Polo is biggest exchange now, and about SEC, polo has the license, so does bittrex, if i remember correctly.

Yes. But that is even more an argument in my opinion that they don't act shady. Most likely they are not allowed to trade at all.

Do you have the proof that they are shady? LOL, your argument is speculation.

Is that a reaction on me? Because I wrote: "But that is even more an argument in my opinion that they don't act shady."

[Arvydas77]

I'm waiting for funding campaign via the bnktothefuture to start. It would take the project to the next level. Factom came through this and they are doing very well. My guess that MAID has even greater potential.  

[Anduril_FotW]

I am looking at this BTC1250 sell wall on polo, good to see someone else who has the faith!  

http://imgur.com/eQ5hg0O

So big whale.... A week ago I saw lisk whale had a 2k btc sell wall, now is maidsafe whale has 1200 btc wall, they can sell proportionally for more profit, this big sell wall will scare investors. Unless he is the pumper and dumper, nobody will buy his wall. Ridiculous rich whale.    

Think about this:
Who in their right mind would trust an exchange like Polo with 1200 or 2000 BTC ?
Right, precisely nobody.
So the whale is Polo itself.
No other logical explanation.

I highly doubt that. Because the logic is not true. Many whales have too much trust in exchanges. Think back: MtGox - who would have trusted that exchange with much money? Many! Same with Bitfinex and it's the same with Poloniex.

There are > 100k accounts on Poloniex, most likely about 150k or something like that. And let's say 50 guys on Polo are very rich - and some of them are stupid. And we've seen big walls also in Ethereum and Factom.

Plus: If Polo would play shady games with a total lack of subtlety they could come into trouble with the SEC. And in my opinion Poloniex is where it is because they are professionals.

You make a good point. Could be that indeed a few whales are stupid (rich ?) enough to put that much BTC on their Polo accounts.
And if they really manipulate the markets as skillfully as it seems, maybe they make enough money to calculate in the risk of an exchange getting hacked and their BTC stolen.
But then again, if the SEC really checks up on activities on Polo, that would mean that these whales could also be prosecuted for manipulating the market right ?
And it doesn't seem like that is happening, since everything in cryptoland is blatantly manipulated.
So it doesn't seem like the SEC is controlling anything crypto related, which would mean Polo could also do what they want right ?
All they have to do is create a false user account and use that to make their dodgy trades.

[Anduril_FotW]

I'm waiting for funding campaign via the bnktothefuture to start. It would take the project to the next level. Factom came through this and they are doing very well. My guess that MAID has even greater potential.  

Fund campaign or FUD campaign ?

I think both will start at the same time... 

[pokemanvanish]

I'm waiting for funding campaign via the bnktothefuture to start. It would take the project to the next level. Factom came through this and they are doing very well. My guess that MAID has even greater potential.  

Fund campaign or FUD campaign ?

I think both will start at the same time... 

You fud? FUD maid and polo, oh poor boy, if you are poor, don't defame polo, they are very clean, but your mouth is not clean, you are very shady.