It's going to be really interesting when Maidsafe enters beta.
Been watching it for years, but now I'm grasping the concept a little better after looking into Meshnets.
I can't wait to try the email and various websites...and have my safecoin wallet on the network. Omnilayer etc., sucks for the layman.
I also think a lot of people need to give Maidsafe a second look.
There are so many ramifications here that I cannot see with other experiments, such as Factom, Synereo, Storj etc.
It's beyond blockchain...
I suggested that Monero and AEON would surge months before they did, but this project?
I think it will even surpass Ethereum and challenge Bitcoin, not only for cryptocurrency dominance, but internet, storage, email etc., supremacy.
Although, it's decentralized and private, it's not immune to network shutdowns, in my thinking. It uses existing infrastructure.
It would be nice -- at some future date -- to integrate a backup Meshnet or some kind of secondary backbone, if criminals or other bad actors seek to disrupt the system in some way.
What are the attack vectors? Has this been described?
Been watching it for years, but now I'm grasping the concept a little better after looking into Meshnets.
I can't wait to try the email and various websites...and have my safecoin wallet on the network. Omnilayer etc., sucks for the layman.
I also think a lot of people need to give Maidsafe a second look.
There are so many ramifications here that I cannot see with other experiments, such as Factom, Synereo, Storj etc.
It's beyond blockchain...
I suggested that Monero and AEON would surge months before they did, but this project?
I think it will even surpass Ethereum and challenge Bitcoin, not only for cryptocurrency dominance, but internet, storage, email etc., supremacy.
Although, it's decentralized and private, it's not immune to network shutdowns, in my thinking. It uses existing infrastructure.
It would be nice -- at some future date -- to integrate a backup Meshnet or some kind of secondary backbone, if criminals or other bad actors seek to disrupt the system in some way.
What are the attack vectors? Has this been described?
There are attack vectors for every system. For SAFE it's loosing groups consensus where nodes "target a group" to take it over. So you are in a group which starts with "AA" so you are AA001 another one is AA002. Let's say this group is 16 nodes big with nodes coming in and out over time. Groups consensus is 16/2 +1. So 9 nodes need to "sign" something before other close groups approve it. On SAFE you can't pick your own address. The network will give you the opportunity to join a group when there's a free spot. So if I want to attack your group I could start thousands of nodes until I'm finally part of your group. If I do this over and over again I could take over a group. The devs have several ways of blocking this. Think of farmers that have to pay some Safecoin before they're allowed to join a group to farm. Another one is not giving nodes any right to "sign" messages before they've done some work over time. That way it would be extremely hard to start thousands of nodes. I also think it's very hard to target a group. Say we have 10.000.000 users on SAFE in 1 million group of ten nodes each. This means there's a 0,00001% chance you end up in a group you want.
People caught in Germany using P2P are offered an 800 euro settlement to not be brought to court. BitTorrent isn't that popular in Germany anymore. Now imagine SAFE being in BETA. All downloads are 100% free, you'll never get caught because everything is encrypted and you could even make money as a Farmer when you store and deliver data for the network. Without a chance of being caught! All encryption layers give you exactly what Maidsafe has promised us. Privacy, Security and Freedom. How many user will SAFE have? I'll bet we'll reach the million quite fast.
