Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet - page 71. (Read 579951 times)

https://forum.safenetwork.io
is your best bet. currently there is a logo competition form 99 designs narrowed down to 6 choices, theres also immutable data RFC up for discussion on wether it can be deleted or not which is interesting. also the weekly updates happen there first with lots of dicussion.

it will be using your storage as a resource, and no it has not started. maidsafe is on testnet 7 of who knows. but farming nor coins have been implemented as of yet in the tests.

As far as I remember SafeCoins are being farmed  from participant using there computer as a resource. Now my question is has farming started ?

zeeman,
Thanks for clarifying.

Don't fall for the bear trap, the time to buy is right now.

I don't think any devs hang around here  But before we see that RFC we probably see the RFC for disjoint groups first. That one is for a altered way of forming groups in routing. It actually make things simpeler as not all the nodes have separate routing tables. With disjoint groups implemented a group of nodes shares the same RT. That makes it more easy to control structured data as well as the datamanagers use routing as well.     

Now is the best time to get in. Looking like lots of buy support on Polo. We should see prices souring soon.

Dev,
Any update when the API on structured data RFC will do done please?
Thanks

Of course it is going down...the pump failed (lol) and the one who started it is dumping his MAIDs again. Just normal with a pump without any particular news

What the factor about this price droped?

the price drop back again

Prices going up and the rats are crawling from the sewer again. Welcome back!

Yes it was, this whole project was meant to be out for I think over a year or so if you look at plans from the crowdfund in 2014. But show me one cryptoproject that was released on time, including a GUI and a 1.0 release tag? I own Ethereum as well, but even them with way more support and money still haven't released a fully working version of MIST. And I don't really care to be honest. I just follow the projects, look at their code and what they are doing and decide rather I keep my coins and give my support or not. Not that much more I can do.

TEST 7 is still up and running btw. Give it a go.

Forum Topic - SAFE Network - TEST 7

Sorry criticism hurts your feelings, but "R&B music" didn't take lots of money and then deliver nothing, so spare us the crappy deflections and shitty pop psychology.

We're not going to stop calling out fraud when we see it.

Wasn't the MVP supposed to be done months ago?   

the people who bought way lower have had 2 months or more to sell. and maid was double even this prices during that time.

people will sell off but a lot more people will buy in as it gets close to launch.

last thing that stuck in my head is that theres still going to be lots of testnets. heck we havent even gotten to a testnet which has test safecoins yet :p

so hold your horses folks, and your coins. things are on the way but it wont be tomorrow.

Because many bought a lot of it for a lower price. And they dump it to earn money, not that they believe in the project itself.

I don't understand why MAID has a lot of sell pressure

Maybe an idea to not hang around in a topic about Maidsafe if you have 0% trust in what they do. It's like listening to R&B music while you don't like it. It doesn't make sense
from a mental health perspective  .

When a users "farms" a Safecoin it's created and assigned to his address. This means the coin is created by the network because someone delivered a chunk out of his vault.
When a user uploads data (PUT) he gives up ownership of some Safecoin and the coin is free to be farmed again by someone else. So there is recycling of coins.

This is what happens:

Client > wants to PUT data to the network > close nodes say: burn x-amount of Safecoin first > client burns Safecoin > nodes sign data to be uploaded to he network.

Vault > get's a request for a chunk from network > delivers chunk (always has to) > says to close nodes: I delivered chunk > close nodes pick random Safecoin address and if it's free (not owned)
the Vault becomes the owner of the address.

So when 25% of all coins are farmed, from all new farming attempts 25% will fail as the nodes pick a random address out of the 4,3 billion Safecoin addresses.

There are other things happening as well. When a lot of people run Vaults (good Safecoin prices) the reward per delivered chunk goes down. When not enough people run Vaults the reward (FR) goes up goes up.
So the network balances itself out depending on how much supple/demand there is for storage. My guess is that the FR will be very low as a lot of people run Vaults in the hope to farm Safecoin.  

This will all be tested with test-Safecoin first. At that time the devs can test several ways in doing this. 

Maidsafe when?

test n+1

where n -> ∞

I was wondering what will happen to the 90% of Safe Coins once the network launches ?
How will they be distributed ?