[ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet - page 121.

msin

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Quote from: MemoryShock on May 14, 2014, 01:19:08 AM

They actually have a very interested and active dev community...hype from the crypto side won't happen until this community starts understanding DACS and Smart Properties...which has already begun to an extent.

POS is already a thing of the past...kind of... Wink

Link? The fact that these guys collected $3Mil and don't have a working product is absolutely beyond me. You will never attract a strong dev community without an inexpensive entry point. With any large IPO, you will have the crypto dev team, and a bunch of sock puppet cheerleaders, not much else. If I'm a dev, and buy Maidsafe at a $100Mil marketcap, I expect all development to be completed by the core team. With that said, I hope Maidsafe is successful because the idea alone is good for all crytpo.

MemoryShock

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Quote from: kooke on May 14, 2014, 01:04:49 AM

With the way maidsafe botched their IPO, I wouldn't be surprised if their finished product is underwhelming. Another thing that maidsafe lacks is a great community. That does make a big difference and could easily give any competitors an edge. The only reason dogecoin became so popular is because it has a good and active community.

They actually have a very interested and active dev community...hype from the crypto side won't happen until this community starts understanding DACS and Smart Properties...which has already begun to an extent.

POS is already a thing of the past...kind of... Wink

kooke

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Bitcoin super-duper-mega-ultra-hyper-node

With the way maidsafe botched their IPO, I wouldn't be surprised if their finished product is underwhelming. Another thing that maidsafe lacks is a great community. That does make a big difference and could easily give any competitors an edge. The only reason dogecoin became so popular is because it has a good and active community.

MemoryShock

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Quote from: msin on May 13, 2014, 11:45:38 AM

Quote from: msin on May 07, 2014, 12:26:47 PM

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://bitcointalksearch.org/topic/sia-siafund-redemption-deadline-june-1st-2015-591283

From that thread -

Quote

As for maidsafe, I'm having troubles understanding exactly how their system works. It's not well documented (I guess ours isn't either) and some of the features (like data only being stored on 4 machines) seems really insecure. I'm keeping a close eye on Maidsafe though because they seem to know what they are doing. We are a storage only system however (though we offer turing complete scripting, we don't expect it to compete with a real computing platform like EC2) where Maidsafe is bandwidth and compute as well.

They seem to be offering a storage system that uses cryptocurrency much like Safecoin will be used. They don't claim to be offering what Maidsafe is...

drawingthesun

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Quote from: wood7 on May 11, 2014, 02:14:25 AM

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".

master-P

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https://keybase.io/masterp FREE Escrow Service

Quote from: newIndia on May 13, 2014, 04:12:00 PM

Quote from: master-P on May 13, 2014, 03:52:57 PM

Quote from: msin on May 13, 2014, 11:45:38 AM

Quote from: msin on May 07, 2014, 12:26:47 PM

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://bitcointalksearch.org/topic/sia-siafund-redemption-deadline-june-1st-2015-591283

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.

newIndia

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Quote from: master-P on May 13, 2014, 03:52:57 PM

Quote from: msin on May 13, 2014, 11:45:38 AM

Quote from: msin on May 07, 2014, 12:26:47 PM

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://bitcointalksearch.org/topic/sia-siafund-redemption-deadline-june-1st-2015-591283

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 ?

master-P

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https://keybase.io/masterp FREE Escrow Service

Quote from: msin on May 13, 2014, 11:45:38 AM

Quote from: msin on May 07, 2014, 12:26:47 PM

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://bitcointalksearch.org/topic/sia-siafund-redemption-deadline-june-1st-2015-591283

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.

msin

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Quote from: msin on May 07, 2014, 12:26:47 PM

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://bitcointalksearch.org/topic/sia-siafund-redemption-deadline-june-1st-2015-591283

YYY999

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

FrictionlessCoin

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Cryptotalk.org - Get paid for every post!

Quote from: mamamae on May 12, 2014, 05:55:01 AM

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?

mamamae

legendary

Activity: 1188

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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

mamamae

legendary

Activity: 1188

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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

wood7

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the ipo is too big,so i am not apart

niner

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You are here ---------> but you're not all there.

@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.

MrBig

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Quote from: niner on May 10, 2014, 12:00:03 AM

Quote from: MrBig on May 09, 2014, 07:07:59 PM

Quote from: MrBig on May 05, 2014, 02:27:36 PM

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.

Chang Hum

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Quote from: littleblue on May 09, 2014, 09:54:20 PM

Quote from: Chang Hum on May 09, 2014, 01:11:38 PM

Quote from: MAX99 on May 09, 2014, 01:08:21 PM

is msc traded publicly on an exchange yet?

https://www.masterxchange.com/market.php?currency=maid

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

Thank you my friend Grin

niner

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You are here ---------> but you're not all there.

Quote from: MrBig on May 09, 2014, 07:07:59 PM

Quote from: MrBig on May 05, 2014, 02:27:36 PM

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

littleblue

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Activity: 285

Merit: 250

Quote from: Chang Hum on May 09, 2014, 01:11:38 PM

Quote from: MAX99 on May 09, 2014, 01:08:21 PM

is msc traded publicly on an exchange yet?

https://www.masterxchange.com/market.php?currency=maid

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

MrBig

sr. member

Activity: 369

Merit: 250

Quote from: MrBig on May 05, 2014, 02:27:36 PM

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.

Topic: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet - page 121. (Read 579788 times)