Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet - page 36. (Read 579765 times)

Hi, thanks for still being here and devoting some of your time to the community.

When the f*** is MAID news coming I have been waiting for years. I want to see the test 20 please have been waiting for so long this maid market maker is #1 bastard in the history of crypto. He is playing MAID and FCT like violin together while MAID is doing absolute torture god damn it MAID is #1 where is update please

There's no active testnet or live (alpha) version at the moment. We're waiting for TEST 20. Keep an eye on this topic as I will write an update when there's something released.

Hi Guys, could anyone point me on where to download the maidsafe app?

I looked up here https://maidsafe.net/alpha.html but didn't find any download link.

Thanks.

Totally it's around 20 people. Ik guess between 8 to 15 devs. Not all fulltime


https://github.com/orgs/maidsafe/people


They're making graphs that show how a network builds up, have a look:

https://cdn-business.discourse.org/uploads/safenetwork/original/2X/4/471f2b4d5b1a77fde602ec3775256a31d0d80bf8.svg


What it shows is 1 vault that starts the network and new ones being added, if you scroll down you'll see how the  group splits when they're at 28 members in 1 group. This means the Vaults reach consensus on the fact that they need to split, they also agree on which Vaults belong in which group. They also agree on which group is responsible for what data etc. quite some cool research being done at the moment. This is all R&D for Alpha 3 where we have Vault from home again.

Still hopeful of this project.  How many developers are working on this outside of Irvine's main paid team?  Without the developers/developer incentive I have concerns.  Would be great if more could be done to attract independent developers building more like is happening with Ethereum....

Not trying to knock it down but just reasonable concerns....

Safex was supposed to be an exchange to work on the SAFE network. The Safex dev decided to move Safex away from SAFE to use a blockchain after all. So the projects aren't related. Maidsafe never had a connection with that dev although he was part of the SAFE community. Here's the Safex website, they have their own forum:

https://safex.io


@techish

MAID is currently on the OMNI protocol. Will change after the official launch of Safecoin. That's the moment you can change the current MAID (running on the blockchain) for the SAFE network (without blockchain).

What is the difference between Maid and SafeExchangeCoin (SAFEX)?

How OMNI and MAID are related? Why MAID price is stalled under 20k?

I don't know if I get your question right, but in total 4.3 billion Safecoin will ever be created. This probably won't happen before the year 2100 if ever.

MaidSafe the company sold 10% of that number in 2014 at the crowdfund. Due to a little glitch with the OMNI (back then called Mastercoin) system the creation of new coins was stopped a little too late. So around 453 million are in circulation right now.

http://coinmarketcap.com/assets/maidsafecoin/#charts

When Safecoin goes live after testing you can change your MAID for the real Safecoin 1-on-1. If you want to store (PUT) data in the network you "burn" some Safecoin. The address of the coin gets free so it might be farmed again in the future (if ever). When someone "Farmes" Safecoin the nodes will pick a random address from the 4.3 billion. If that address is already owned, the Farming Attempt fails. If it's free it goes to the farmer.

There's also Farming algo's. When more people try to farm, less coins are rewarded. When too less people farm, the reward goes up to attract more Farmers. So overall a lot of dynamics. The network doesn't care about the Safecoin price being 50 cents or 4 dollar. It will always balance out. Coins are created and burned all the time.

Hope that helps.       

 

So...network launch soon? I can't wait.

hi guys. Just 10% of SAFE Coins to the MaidSafeCoin holders is not unfair? I mean, if the marketcap of SAFECOIN not reach 10x the MaidSafeCoin marketcap on the launch all the holders will loose money? thanks

A sweet dev update today...


https://safenetforum.org/t/maidsafe-dev-update-june-8-2017/14105


Enjoy!@!

This is why Maid is by far the most ambitious project, even more so than bitcoin itself. If enough investors believe what you wrote above can be done, we're gonna have a 2$ price after alpha 2.

Yes, the whole network is supposed to be secure so:

- Register a domain without anyone knowing you did so... but still you are the owner
- Upload private data without anyone knowing you did that, how much...
- Transfer Safecoin from A to B without anyone knowing you did or how much while no one knows your balance
- Browse safe://websites without anyone knowing what/when and stuff like that

No wonder it takes some time  . SAFE also fixes the scalability issues that blockchains have. So the network can handle thousands of transactions a second as not all nodes are involved in each transaction. Hopefully TEST 20 today but otherwise it's next week as David told us they're close. This will give everyone the opportunity to download the browser and test most of these features out. I will post the dev update when it's out today.

 

isnt this coin supposed to be super secure?

No, not yet. We have to wait for Farming and Safecoin to be implemented.

First focus is TEST 20. The SAFE Browser with Authenticater and Mutable Data support. In other words: A browser which connects you to the network so you can upload (and later change) data. We should also see the first coins (not Safecoin though) moving between users. Not to forget the APIs for external devs to finally start the ecosystem with Apps etc. If this all works well it becomes Alpha 2 as official release, but expect some bugs in TEST 20 before we get there. So maybe we'll see TEST 20b first, who knows.

Currently half of the team is already working on Alpha 3. That one has support for datachains (part 1) and brings us Vaults from home again. In this case though, the whole process of a new Vaults joining the network is more secured in some sort of parallel hash table. 

After Alpha 3 they probably start on Farming and Safecoin implementation. But before that's officially released we're in 2018. Not a big deal IMO. MaidSafe really likes to test their stuff and from the moment Alpha 3 is live (with Vaults from home) we could scale to millions of nodes without a problem. There is work on several different coin/wallet implementation so the SAFE network will probably be the first project which has alt_coins before it has the official coin implemented  .

Here's a post by David Irvine, the inventor and CEO of MaidSafe:

https://safenetforum.org/t/eli5-of-state-of-progress/14001/2

Thank you for outlining the possible downside but are you not thinking about the upside? What happens if all of the Bitcoin issues are resolved in a timely manner and this project takes off? We are all speculators here. You invest in the best available altcoins hoping to add to your profits. I think you would be crazy to sell MAID until you see a dramatic rise in price.

Can I already earn tokens giving hosting space?

If so, where can i find a tutorial?

The project may be strong but the value of the traded coins are only as secure as the what they are attached to.
Something will have to happen sooner or later with bitcoin and maidsafe are apart of that system, there is much reason to be concerned while this attachment exists.
There could be two chains, reply problems, and it could end up being outright war within bitcoin comunities, just because nothing has happened doesn't mean it wont occur.
When things start to happen people don't show their cards untill it is to late, so don't think you know an outcome before something happens whether now or later.

I think, BTC is very strong and rumors about fork are only rumors for market manipulation. MAID is solid project with light future, so do not panic.