Are MaidSafe and Ethereum competitors?

[CryptoPanda]

Since those seem to be the 2 hottest IPO for the year (maidsafe running right now and Ethereum coming within months probably) a lot of people might be wondering in which one to invest.

Now Ethereum is a platform that can do pretty much anything.
MaidSafe is just for decentralized hosting (well of everything)

The question is, Ethereium being the more versatile, can you do on top of it what MaidSafe does? And in that meaning are they competitors?

Would either of them need the average user install any clients?

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1714916685

[Swordsoffreedom]

Since those seem to be the 2 hottest IPO for the year (maidsafe running right now and Ethereum coming within months probably) a lot of people might be wondering in which one to invest.

Now Ethereum is a platform that can do pretty much anything.
MaidSafe is just for decentralized hosting (well of everything)

The question is, Ethereium being the more versatile, can you do on top of it what MaidSafe does? And in that meaning are they competitors?

Would either of them need the average user install any clients?

Bit of a tricky question to my understanding Ethereum is a platform that can be used to develop technology on bitcoin based infrastructure but does not rely on the Bitcoin Protocol it's independent

MaidSafe does similar things and is decentralized data storage

As far as I know you will need to have both clients to use them but will wait for a more informed opinion from someone else.

[CryptoPanda]

yeah the question is can the ethereum platform can be used to build something like maidsafe (better or worse?)



and of course does any of them would allow a user to access that without installing anything?

[Ursium]

Hello, Ethereum here.

Ethereum has storage capabilities but mostly for state information, not file storage. You would never say, upload a video to the Ethereum chain.

Maidsafe is a decentralized storage layer. Ethereum is a decentralized logic layer. The two would work together, for example in the context of creating a decentralized dropbox application.

[jabo38]

Ursium, thanks for the concise answer.  I was wondering about this myself and wasn't quite sure, but it is clear now. 

[CryptoPanda]

Hello, Ethereum here.

Ethereum has storage capabilities but mostly for state information, not file storage. You would never say, upload a video to the Ethereum chain.

Maidsafe is a decentralized storage layer. Ethereum is a decentralized logic layer. The two would work together, for example in the context of creating a decentralized dropbox application.

Very valuable input thank you!

It's good to know they will be complimentary and not competing!


Now do you think they can be setup so the average Joe won't need to install anything?

[Voluntold]

IMO Ethereum is more in a competition with NXT.

[SnakePlisken]

Hello, Ethereum here.

Ethereum has storage capabilities but mostly for state information, not file storage. You would never say, upload a video to the Ethereum chain.

Maidsafe is a decentralized storage layer. Ethereum is a decentralized logic layer. The two would work together, for example in the context of creating a decentralized dropbox application.

Thanks for the clarification.

Seems to me they are not really competitors then and can certainly coexist nicely. Maidsafe is focusing more on anonymity and storage while Etherium is more geared towards contracts, DACs and as a platform to build these things on top of.

Bottom line - both of these projects rock and are going to be taking off in the not so distant future 

[Shivalein]

I think you can do almost everything maidsafe can do on top of NXT soon, certainly sooner than one of both will.
But if maidsafe claimes the storage side, and the user will accept it as the new dropbox, then maidsafe will succedd.
But I think all the other stuff like social network, financial stuff, etc. will be on NXT or Ethereum.

[EvilDave]

NXT has the advantage of starting a lot sooner than either MaidSafe or Ethereum, but both MS and Eth (too lazy to type more) have a lot of serious backing, probably more so than NXT right now.

NXT can also offer the functionality of both MS and Eth in one package, which is a good thing. Saves time/money on integration hassles.

So: answering the OPs question: MS and Eth are not really in direct competition with each other, but NXT is in the race and ahead at this moment.

It's going to be an interesting year...............

[RawDog]

NXT can also offer the functionality of both MS and Eth in one package, which is a good thing. Saves time/money on integration hassles.

So: answering the OPs question: MS and Eth are not really in direct competition with each other, but NXT is in the race and ahead at this moment.

Delusional

This is the funniest shit I've read all year.  NXT is a joke.  It isn't anything.  It isn't bitcoin with built in programming language (like Ethereum) and it isn't a decentralized storage and computational platform.  NXT is a bullshit cryptocurrency which only has the advantage that it doesn't burn too much electricity like bitcoin.  

NXT is garbage.  Nobody will bother with their nonsense.  Why do you think MaidSafe raised all that money in ten minutes?  Because it is a real system.  Not sure if it will work, but it isn't just a bunch of nonsense like NXT.

NXT is good marketing with nothing under the hood.  We don't need another bitcoin, the bitcoin we have is already too much of a pain in the ass.  NXT will never replace bitcoin.  Stop being a fool.

[MadCow]

NXT is good marketing with nothing under the hood.  

lol, it's actually the reverse. NXT marketing is non existent at the moment, but if you look at all the tech related development projects in the works it's hard to write NXT off as garbage. In 2-3 months NXT will have a lot of new 'toys' out for people to play with.

People love to hate NXT, just like bitcoin in the early days

[EvilDave]

NXT can also offer the functionality of both MS and Eth in one package, which is a good thing. Saves time/money on integration hassles.

So: answering the OPs question: MS and Eth are not really in direct competition with each other, but NXT is in the race and ahead at this moment.

Delusional

This is the funniest shit I've read all year.  NXT is a joke.  It isn't anything.  It isn't bitcoin with built in programming language (like Ethereum) and it isn't a decentralized storage and computational platform.  NXT is a bullshit cryptocurrency which only has the advantage that it doesn't burn too much electricity like bitcoin.  

NXT is garbage.  Nobody will bother with their nonsense.  Why do you think MaidSafe raised all that money in ten minutes?  Because it is a real system.  Not sure if it will work, but it isn't just a bunch of nonsense like NXT.

NXT is good marketing with nothing under the hood.  We don't need another bitcoin, the bitcoin we have is already too much of a pain in the ass.  NXT will never replace bitcoin.  Stop being a fool.

You don't read very much then.....
Try this:
https://nxtforum.org/index.php
then try:
http://www.cracked.com/

NXT is simply ahead right now, in terms of delivering usable code, no argument possible. Neither MS nor Eth are anywhere near actually releasing anything, while NXT's Asset Exchange is set to go live in less than a month.
I'm not bitching MS or Eth up, btw, either one of them could become an important player. I'd bet on Eth before MS, though.

And as MadCow said, NXT is strong on tech, and much weaker on marketing right now.
That you haven't seen that makes me think that you could maybe do some first hand research on NXT.

I never stated that NXT will replace Bitcoin. It might do, it could do, but thats gonna be at least a few years down the line, if ever.
BTC has massive advantages:  proven tech, huge user base, great usability and utility. It's here to stay.....probably.
NXT doesnt actually have to beat BTC to be successful, because it is competing in the 2nd generation game, not the first gen. where BTC rules.

[TaunSew]

http://www.manta.com/ic/mt6qtfq/gb/maidsafe-net-ltd

Maidsafe is a small company 6 people and they likely only have two to three developers.  Considering it's 6 people and an office (overhead) on a revenue of $400K, they've probably ran out of their own money, investor's money and that's what motivated them to search for more revenue (creating a coin).  The actual coin project itself probably only has 1 developer, so most alternate coins have bigger development teams than the Safecoin project.

   It's 8 year vaporware (they even acknowledge it themselves) and Maidsafe is built upon Freenet (a 14 year old project).  Maidsafe is never going to come out.  A lot of gullible people here are stuck with these "Maidsafecoins" (proxy token coins) which is not to be confused with Safecoin (the coin which will be used to sustain the Safe network).

You thought people were stupid to hand money over to MSC, Visacoin and other IPO scams / exaggerations.

[Wilburbone]

NXT is good marketing with nothing under the hood.

Well, you've just proven that you haven't done any research at all into Nxt.  You got it completely backwards.  Nxt has BAD marketing with great technology under the hood.

[TaunSew]

NXT is good marketing with nothing under the hood.

Well, you've just proven that you haven't done any research at all into Nxt.  You got it completely backwards.  Nxt has BAD marketing with great technology under the hood.

Bad is a bit of an understatement.  Though a NxT clone like NAS is even worse, where they took NxT's worst feature (distribution) and made it worse.

[CryptoPanda]

From my understanding Ethereum is better than NXT because Eth is a platform where one can build anything.
In NXT those functionalities have to be hard coded, right?

[Voluntold]

From my understanding Ethereum is better than NXT because Eth is a platform where one can build anything.
In NXT those functionalities have to be hard coded, right?

I don't think so.  Check this out - https://nxtforum.org/automated-transactions/what-is-automated-transactions/

The way I understand it, they will both have advantages over the other.  Sounds like Nxt may end up being faster.

[EvilDave]

From my understanding Ethereum is better than NXT because Eth is a platform where one can build anything.
In NXT those functionalities have to be hard coded, right?

AFAIK: You are totally right. All NXT apps will have to be created pretty much from the ground up, whereas Eth will offer a "Turing complete" programming language allowing easy creation of financial apps. Think Lego for finance.....
So, in theory, Eth will probably be the superior system, at least from the point of view of a developer.
But Eth is a long, long way from any form of code release.  Eth isn't slated (AFAIK again) to release anything usable until the end of this year.

[jabo38]

The way I have understood the Turing points are that NXT is trying to make only one part Turing complete, just the part that deals with transactions.  This for right now is also the most important part too.  In 5 years, who knows!  Ethereum wants to make everything Turing complete.  Some people have stated that by Ethereum making everything Turing complete that it might have many more points of failures for hackers to take advantage of, where as with NXT focusing on making transactions Turing complete might make it more secure.  Still... that is all developer speak, so I don't really know.  It seems like the more open and more flexible a platform is, that it would be better, that in the long run being Ethereum.  But...... Ethereum isn't here and NXT is.  The best platform is the one you can actually choose and not the imaginary one.  So for now NXT has a lot of time to build a user base. 

Right now NXT is just a coin with aliases and messages.  Not that big of a deal.  But..... it aspires high and lots of developers are working on lots of projects to make NXT have any and every service that any other coin has ever made but all put into NXT.  On top of that, they are working on lots of projects that haven't ever been done.  The problem or blessing is that all these projects are being done by different people.  Ethereum and Maidsafe each have a central team organizing everything.  NXT just has a lot of people working here and there.  If they pull it together, it will be awesome.  I think summer of 2014 will be the real tipping point where many services have been thoroughly tested and are live.  At that point, I think NXT's price will explode.  But if NXT can't coordinate and get these together, it will crash.  People will only be patient for so long.  If NXT has the killer apps by summer and Ethereum is still just going to conferences, it bodes poorly for Ethereum and well for NXT.  If buying NXT now and the summer is owned by NXT, the buyer will have got a great deal, but if NXT falls apart, it will have been a terrible buy.