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

[jibble]

And if you want to buy 10,000 maidsafe coins for 0.42 btc currently* instead of 1 btc go here instead https://www.masterxchange.com/market.php?currency=maid  buy twice as much for cheaper

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[Anon136]

can someone explain to me how this is supposed to decentralize the internet? does it provide incentives for entrepreneurs to provide parallel or alternative data transmission models. does it reward mesh net node operators? i cant find anything about this sort of thing. From what i read it looks like a new layer that is going to be added to the top of existing infrastructure, if this is true it wouldn't be decentralizing the internet at all. decentralizing data storage maybe. but "the internet" can only be defined as the network of cables and satellites that connect computers. the internet is a collection of physical objects like routers and fiber optic cables and satellites, not data or information abstractions.

At present operators who provide storage to the P2P network are rewarded.  I don't know why you did not read that in the whitepapers. 

There are two big problems with cloud storage operators:

(1) The possibility that the business is shut down (see case of megaupload)
(2) The lack of privacy.

Maidsafe decentralizes the storage of data and therefore of information.

i mean yea you can read right there in my quote that i said "decentralizing data storage maybe" and then went on to draw the distinction between decentralizing the way that data is stored and decentralizing the internet. so i take it from your comment that your are saying that you do not know of any mechanism in maidsafe that will act as incentive for the decentralization of the internet?

[Chang Hum]

can someone explain to me how this is supposed to decentralize the internet? does it provide incentives for entrepreneurs to provide parallel or alternative data transmission models. does it reward mesh net node operators? i cant find anything about this sort of thing. From what i read it looks like a new layer that is going to be added to the top of existing infrastructure, if this is true it wouldn't be decentralizing the internet at all. decentralizing data storage maybe. but "the internet" can only be defined as the network of cables and satellites that connect computers. the internet is a collection of physical objects like routers and fiber optic cables and satellites, not data or information abstractions.

At present operators who provide storage to the P2P network are rewarded.  I don't know why you did not read that in the whitepapers. 

There are two big problems with cloud storage operators:

(1) The possibility that the business is shut down (see case of megaupload)
(2) The lack of privacy.

Maidsafe decentralizes the storage of data and therefore of information.

i mean yea you can read right there in my quote that i said "decentralizing data storage maybe" and then went on to draw the distinction between decentralizing the way that data is stored and decentralizing the internet. so i take it from your comment that your are saying that you do not know of any mechanism in maidsafe that will act as incentive for the decentralization of the internet?

It's probably best to direct your question at Fraser Hutchinson Maidsafe's most credible staff member on the development board rather than ask someone who doesn't understand your question https://groups.google.com/forum/?hl=en#!forum/maidsafe-development

[drawingthesun]

How could Maidsafe make this right? Could they offer extra all the people that used bitcoin extra maidsafecoin?

Of course. I would call it giving bitcoin investors equal to what the mastercoin investors received. In a regulated market what happened with maidsafe would actually be illegal.

Yeah the more I am reading into this the more concerned I am.

This explains the instant price drop post-IPO, I had no idea the offering wasn't equal.

I hope Maidsafe does right by us.

Does Maidsafe want to respond?

[kooke]

How could Maidsafe make this right? Could they offer extra all the people that used bitcoin extra maidsafecoin?

Of course. I would call it giving bitcoin investors equal to what the mastercoin investors received. In a regulated market what happened with maidsafe would actually be illegal.

Yeah the more I am reading into this the more concerned I am.

This explains the instant price drop post-IPO, I had no idea the offering wasn't equal.

I hope Maidsafe does right by us.

Does Maidsafe want to respond?

They responded earlier by beating around the bush about how the ipo was a big shock and they want to thank everybody blah blah blah. Basically they anticipated that msc would rise to 0.2 from people buying it to exchange for msafe, which is a clear pump-and-dump on their part. The project does have promise, but they really messed up their ipo.

[drawingthesun]

They responded earlier by beating around the bush about how the ipo was a big shock and they want to thank everybody blah blah blah. Basically they anticipated that msc would rise to 0.2 from people buying it to exchange for msafe, which is a clear pump-and-dump on their part. The project does have promise, but they really messed up their ipo.

Well they can very easily make it right for us. Give the bitcoin holders x% more maidsafecoin.

There is still time to right the wrongs.

[niner]

Wall Street Journal article on the crowdsale (from 24-April) ...

http://blogs.wsj.com/moneybeat/2014/04/24/bitbeat-maidsafes-manic-offer-highlights-hot-bitcoin-2-0/

[Anon136]

can someone explain to me how this is supposed to decentralize the internet? does it provide incentives for entrepreneurs to provide parallel or alternative data transmission models. does it reward mesh net node operators? i cant find anything about this sort of thing. From what i read it looks like a new layer that is going to be added to the top of existing infrastructure, if this is true it wouldn't be decentralizing the internet at all. decentralizing data storage maybe. but "the internet" can only be defined as the network of cables and satellites that connect computers. the internet is a collection of physical objects like routers and fiber optic cables and satellites, not data or information abstractions.

At present operators who provide storage to the P2P network are rewarded.  I don't know why you did not read that in the whitepapers. 

There are two big problems with cloud storage operators:

(1) The possibility that the business is shut down (see case of megaupload)
(2) The lack of privacy.

Maidsafe decentralizes the storage of data and therefore of information.

i mean yea you can read right there in my quote that i said "decentralizing data storage maybe" and then went on to draw the distinction between decentralizing the way that data is stored and decentralizing the internet. so i take it from your comment that your are saying that you do not know of any mechanism in maidsafe that will act as incentive for the decentralization of the internet?

It's probably best to direct your question at Fraser Hutchinson Maidsafe's most credible staff member on the development board rather than ask someone who doesn't understand your question https://groups.google.com/forum/?hl=en#!forum/maidsafe-development

perhaps but i was trying to avoid wasting the time of someone important if there were people here who knew the answer. maybe thats not going to happen though. point taken.

[Chang Hum]

can someone explain to me how this is supposed to decentralize the internet? does it provide incentives for entrepreneurs to provide parallel or alternative data transmission models. does it reward mesh net node operators? i cant find anything about this sort of thing. From what i read it looks like a new layer that is going to be added to the top of existing infrastructure, if this is true it wouldn't be decentralizing the internet at all. decentralizing data storage maybe. but "the internet" can only be defined as the network of cables and satellites that connect computers. the internet is a collection of physical objects like routers and fiber optic cables and satellites, not data or information abstractions.

At present operators who provide storage to the P2P network are rewarded.  I don't know why you did not read that in the whitepapers.  

There are two big problems with cloud storage operators:

(1) The possibility that the business is shut down (see case of megaupload)
(2) The lack of privacy.

Maidsafe decentralizes the storage of data and therefore of information.

i mean yea you can read right there in my quote that i said "decentralizing data storage maybe" and then went on to draw the distinction between decentralizing the way that data is stored and decentralizing the internet. so i take it from your comment that your are saying that you do not know of any mechanism in maidsafe that will act as incentive for the decentralization of the internet?

It's probably best to direct your question at Fraser Hutchinson Maidsafe's most credible staff member on the development board rather than ask someone who doesn't understand your question https://groups.google.com/forum/?hl=en#!forum/maidsafe-development

perhaps but i was trying to avoid wasting the time of someone important if there were people here who knew the answer. maybe thats not going to happen though. point taken.

You'd expect to find someone important there, but you'd be surprised. Don't forget this is a company that just diluted investors money 1 part to 2 with Mastercoin junk. They're either a smooth bunch of criminals taking advantage of an unregulated market or thick as pig shit.

After interacting with David I think it's the later but he has shown his blatent dishonesty several times now. Please read this thread baring in mind I'm buymaidsafe and both David Irvine and Bob Marins claims are both illogical and outright lies (for the purpose of distracting/misleading investors) https://groups.google.com/forum/?hl=en#!topic/maidsafe-development/QYrB4pC1B_0

[blackhatzw]

safe coin will be the best one in altcoins

[wizzardTim]

safe coin will be the best one in altcoins

it may even substitute bitcoin

[shuazi]

the price was lower than IPO,why
msc was cheaper than btc to invest safecoin,why
hope time tell us its a good invest,but i just look at it.

[drawingthesun]

the price was lower than IPO,why
msc was cheaper than btc to invest safecoin,why
hope time tell us its a good invest,but i just look at it.

Price was lower than Bitcoin to MaidSafecoin IPO, not the Mastercoin to MaidSafecoin IPO.

0.00002 was apparently higher than the IPO for Mastercoin users.

So the only losers are the people who put Bitcoin into MaidSafecoin.

[shuazi]

the price was lower than IPO,why
msc was cheaper than btc to invest safecoin,why
hope time tell us its a good invest,but i just look at it.

Price was lower than Bitcoin to MaidSafecoin IPO, not the Mastercoin to MaidSafecoin IPO.

0.00002 was apparently higher than the IPO for Mastercoin users.

So the only losers are the people who put Bitcoin into MaidSafecoin.

ya,its not fair now.

[mr_random]

the price was lower than IPO,why
msc was cheaper than btc to invest safecoin,why
hope time tell us its a good invest,but i just look at it.

Price was lower than Bitcoin to MaidSafecoin IPO, not the Mastercoin to MaidSafecoin IPO.

0.00002 was apparently higher than the IPO for Mastercoin users.

So the only losers are the people who put Bitcoin into MaidSafecoin.

ya,its not fair now.

Mr Irvine is keeping very quiet about this issue.

[mcjavar]

Hi! I was not following the story, and can´t find any proper information now: what happened to the "mtgox coins" flowing into the ipo?

[ejinte]

Hi! I was not following the story, and can´t find any proper information now: what happened to the "mtgox coins" flowing into the ipo?

150btc might or might not have been going into it, but probably now

[kooke]

the price was lower than IPO,why
msc was cheaper than btc to invest safecoin,why
hope time tell us its a good invest,but i just look at it.

Price was lower than Bitcoin to MaidSafecoin IPO, not the Mastercoin to MaidSafecoin IPO.

0.00002 was apparently higher than the IPO for Mastercoin users.

So the only losers are the people who put Bitcoin into MaidSafecoin.

ya,its not fair now.

Mr Irvine is keeping very quiet about this issue.

He wasn't quiet when maidsafecoins were selling like hotcakes 

[BldSwtTrs]

Do you know guys how long masterxchange takes before credited a MSAFE deposit?

Is it automatic or manual?

[zrunfeng]

This ipo is too expensive,and it is hard to rise