Topic: [2014-04-21] MaidSafe Announces Crowd-Sale Beginning April 22 (Read 1011 times)
its a good concept for the founders to get money, iam sure
First, they say its a "token", then they say its a currency. Which is it? That is, which profit-only version are they targeting?
Also, "Proof of resource" is rather misleading. How do they counter spoofed "credentials"? If I build a Virtual Machine and say it has 100 TB of access, and serve up random data for any possible query, how do they know if I'm lying or not? Do they hash every bit of data stored and check it? How would they check bandwidth, force every client to do continual speed/transfer tests? And if not, how do you know I'm not lying about it?
If this was so necessary and wonderful, why are they partnering with MSC? Can't the idea stand on its own merits? Or is it merely another flim-flam operation that likes to keep similar schemes close at hand?
Also, "Proof of resource" is rather misleading. How do they counter spoofed "credentials"? If I build a Virtual Machine and say it has 100 TB of access, and serve up random data for any possible query, how do they know if I'm lying or not? Do they hash every bit of data stored and check it? How would they check bandwidth, force every client to do continual speed/transfer tests? And if not, how do you know I'm not lying about it?
If this was so necessary and wonderful, why are they partnering with MSC? Can't the idea stand on its own merits? Or is it merely another flim-flam operation that likes to keep similar schemes close at hand?
Did they have to go and create an alt coin? I used to be interested ...
Not an alt http://metaquestions.me/2014/04/12/safecoin-why-its-safe-and-what-it-means-for-us-all/ 
Did they have to go and create an alt coin? I used to be interested ...
http://cointelegraph.com/post/maidsafe_announces_crowd_sale_beginning_april_22#.U1U1uvl_tqU
Quote
The creators of MaidSafe announced a 30 day crowd-sale of its safecoin digital currency for the SAFE software beginning at 9 am GMT on April 22. The sale allows the public to purchase MaidSafeCoins (a temporary middle man for safecoins) via Bitcoin or Mastercoin. These MaidSafeCoins will be converted on a 1:1 ration to safecoins when the SAFE network goes into operation.
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