Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet - page 35. (Read 579765 times)

https://safenetforum.org/t/maidsafe-dev-update-june-22-2017/14425


TL;DR They've had hoped to release the public testnetwork this week but you know; bugs  
Another dev hired (the guy that built the SAFE Browser). The SAFE Network San Francisco meetup on July 11. All
code for the Mutable Data is now in the master branch on GitHub.

Enjoy!@!

Silence before storm

MAID is like sleeping volcano...You newer know when it wakes up Just patience..

They need to:

1) Make some announcements about API's with "Partnerships" to deploy App's which use MaidSAFE for  Storage, (AirBitz key storage, Kim DotCom Mega Uplaod 2 or any App that stores Data).

2.) Announce more detail about the release of the true coin and its associated economy of builders/farmers.

All the pieces are there to get this coin some big movement with real problem solving.

The first App that gets deployed and shows profit will change everything.  Until then its ok to pump the ideas!

Look at how Tesla/Amazon do the exact same thing with no profit!!!

Love the idea and still hopeful - BUT.....

https://safenetforum.org/t/maidsafe-dev-update-june-15-2017/14281

Enjoy!@!

I'm a long-term-holder of MAID and several related projects like PDC and SAFE FS. I have no idea what the price will bring us, I would be surprised though if we would stay at a 223 million marketcap. I could speculate but it would be just speculation  . MaidSafe is quite unique as they don't use a blockchain for their project. 

I'M new here, i would like to know whats your prediction for this coin in terms of value potential? and is it worth it to invest now?
thanks!

Yes, the MAID serves as a proxycoin for the real Safecoin. So when you can exchange 1 MAID for 1 Safecoin, the MAID Holders become the first Safecoin holders and around 10% of all coins (4.3 billion total) will be out in the open. But when Safecoin goes live, Farming will start at the same time. So new coins will be created from that moment on. And when people use Safecoin (to store data etc.) they actually "burn" the coins so the address become free to be Farmed again in the future (if ever). So when Safecoin and Farming go live coins are created burned and used all at the same time.

You could even get coins without buying them. Just run a Vault for some time and you might earn enough to get your own domain and upload your website en store some data. 

was this how it was sold in the ICO from the beginning I cant be bothered checking.

Thank you very much Zeeman for taking the time and trouble to answer my queries above so comprehensively - really appreciated and all now understood

Thanks for all the questions (including from @Anduril_FotW) they've come up on the forum as well.

1.) Nobody can stop someone from posting terror videos or other illegal stuff. Maybe we'll see Vaults that decide not to route certain data, but the idea is that even the Vaults have no clue what they store. Silkroad was online on TOR for quite some time, but the owner of the website got caught anyway. So even on encrypted networks people make mistakes. And forums/chats/reddit/youtubes on SAFE could use moderators if they want. I guess most will do that. You can make a website where people are allowed to post videos, but when you have "admin rights" to that website (if you activate that) you can moderate whatever you want in your domain. MaidSafe already created black/white user_lists in 2016 to sort of test this idea. So let's say that 20 volunteers create SAFE-Tube, they could still remove videos when illegal stuff is uploaded. others could make a censorship free version of SAFE tube but it will probably get filled with spam.

2.) Safecoin is a coin that you can use to pay. You can also buy storage with it, so your client says to the group of nodes: I have some safecoin here and would like to use it for storage. they say; okay, burn the coin and we'll allow you to store x-GB of data. So it could be used for payments or storage.

3.) There are a lot of ideas to make Safecoin divisible. The forum is full of them  . So no worries, you can sent 0.00000000000023 to someone if needed when Safecoin goes live.

https://safenetforum.org/t/safecoin-divisibility/4806

 

For me I very much worry about point 1 mentioned above.
It's nice to know the government cannot shut down the SAFE network because it's decentralised, but I really don't want to support a network where terrorist and pedophiles can do what they want without being caught.
So best would be to built in a backdoor into the network and make it possible to unlock data when 3 parts of a decryption key are being used.
These 3 keys could then be left with for instance: the MAIDSAFE foundation, an impartial third party and a government agency
If certain activity is detected, there should then be a procedure that determines if the keys can be used to unlock the user data.
If there isn't something like this in place, I worry the SAFE network will be a safe haven for all sorts of degenerate people and activities.

I would really like to hear other people's ideas on this !

Thanks to Zeeman in particular for the regular and detailed updates and replies. I think we all appreciate it immensely

Meanwhile, I have a few queries that have been rattling around my head in relation to MaidSafe for quite a while. Let me run them past you all, if I may (sorry it's a bit of a mix!):

The Safe Network will, of course, be awesome. I love the whole concept. And I love that I can be involved in supplying some of the space in the new network.

1). However, there is one thing that worries me quite a bit ... if it's totally secure, anonymous, untraceable etc., how can the network keep it from being abused, e.g. by terrorists? You'll know who I have in mind there. It would be a terrible misuse of such an amazing tool if it's hijacked with, for example, 'how to' websites for all manner of destructive topics/sites, or even nasty paedo type stuff. How do we keep that stuff out if we can't 'see' who published or communicated it?

2). Meanwhile, if I understand it right, a SAFE coin may well be more of a [disc] 'storage' unit/value rather than a 'financial' value like other crypto coins. Let's say I have 4000 SAFE coins, but I don't need that amount of storage. Rookie question I suspect ... I can just 'sell' those coins? I'm confused because I read that it's not coins ... it's space. Maybe that doesn't matter and it's as easily traded. But the whole 'burn and recycle' thing (if I understand it right) is confusing me a little. I think I get it but I'm just double-checking here!

3). I know originally that SAFE coins were not going to be divisible. Given how much crypto coins/tokens have taken off even in only the last quarter, is that decision still up for debate? My thinking is that if a MAID coin is eventually swappable 1:1 for a SAFE coin once available, if the price of a SAFE coin by then is, say, $500 (wouldn't that be nice!), wouldn't smaller potential fractions, like Satoshis are to Bitcoin, be wise? Or have I missed some other conversation that's already covered that?

Thanks in advance for any insight on any of the above.

It's a system that runs on top of SAFE. MaidSafe has not officially supported them I think, they made some replies in their topic.

https://safenetforum.org/t/nvo-decentralized-exchange-crowdsale/13608/1

Look for replies from Nick Lambert and/or David Irvine. I don't follow all these things.

Many thanks zeeman.
I do not quite understand everything you wrote but big thanks anyway!

I have a question:
Is this https://nvo.io/ connected with MaidSafe?

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SAFE uses a different system than a blockchain, not all nodes need to agree on a transaction. So if you own coin "00xEEGFGFEGFJUEGFE" and you move it to someone else, maybe 3 groups of nodes (100 Vaults) are involved. So the network can handle more transactions when more Vaults join the network. They're supposed to happen in a second or so allowing thousands of them (per second) all over the network.

SAFE allows you to log in to a decentralized network. Just think about that; no servers involved and you still can reach your data whenever you want.

SAFE brings us serverless websites, including "dynamic data" so chats, forums, mail. So instead of setting up a server on TOR people could use SAFE and never worry about the website being online, it will always be unless you remove it.

SAFE let you pay once and store your data forever.  

Just make 1 account and register your public name. If you want to join a forum on the network, or 3 forums and a chatbox you can do it with 1-click for each. No need to "register" again, the network will use your public key which you can proof to be the owner off.

And loads more, in TEST 20 the focus is on the Mutable Data API. This allows anyone to create/store/share websites with dynamic data. If that works well it will become Alpha 2. We'll also move to the use of just 1 browser. That's way more easy than the old system with a launcher and proxy_settings. A big part of the team is working on Alpha 3 already. That brings us "datachains". Sort of parallel chain system where events like Vault joining and merge/split are secured.  

At launch maidsafe coin holders will have 100% of the safe coin supply, it is only 10% of the final supply though.  But this is supposed to take many years to reach so what he is saying isn't an issue.     

was that a product of how they did the 2nd round product capital raise when they burnt through the initial cash?

I was interested in this coins some times ago, I have even invested some cash but now I would like to find out more.
At the beginning I would like to ask what are the main advantages of Maid,
secondly for what crucial inventions we are waiting now, f.e what is "TEST 20" ?