And another one:
Meet the men who have rewritten the internet
Topic: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet - page 88. (Read 579951 times)
March 16, 2016, 09:37:32 AM
March 16, 2016, 09:09:01 AM
Article by The Inquirer
'World's oldest startup' launches Internet 2.0
'World's oldest startup' launches Internet 2.0
Quote
EVER FANCIED owning an internet domain with your own name? As in john.com, say? Well now you can, and not on the old leaky insecure internet but on a brand spanking new one - the SAFE Network.
You'll have to be quick, though, and if your name is John, David or Nick you may already be out of luck. So what's it all about? We spoke to David Irvine, CEO of MaidSafe, the Scottish firm behind SAFE, and COO Nick Lambert to find out.
So, a new internet, eh? What's wrong with the old one?
David: The problem is data is neither private nor secure. If you taught a computer engineering graduate all about IP networks and computers then said "here are a bunch of cables and routers now go away and design a network where we can all store data and communicate securely", the very last thing they'd do is design a server. The only reason we did it that way is because disk drives were invented before the internet.
So the server's the problem?
David: Yes. We should be focused on securing the data, not the server, and the only way you can really do that is to create some form of network where humans can't interfere, and where a piece of data is never stored on a single machine. By definition that has to be an autonomous network."
No servers? So where is my data stored?
David: When a user stores files on the SAFE Network, the operation appears as uploading, or saving a file to an existing storage provider, such as Dropbox. But SAFE splits the file into chunks and each chunk is then randomised and encrypted and stored at different locations on the network. Unlike the conventional internet, data is always encrypted on SAFE.
You describe yourself as the world's oldest start-up. After 10 years you've only just released a "pre-alpha" minimum viable product and an API. What's taken you so long?
Nick: Removing data centres and servers involves replacing several layers of the internet - transport, session and presentation. Working on such a big project with a small team ... you can start to understand why it has taken us 10 years to get to this point.
Fair enough, so what can I do on the SAFE Network right now using the test application?
Nick: Right now we are testing the SAFE Client on which it is possible for early adopters to create their own credentials and login to the test network to create their own webpage and/or upload a website. The Launcher API is a REST API, so it's language-agnostic and also does not impose any hard dependencies to the core libraries.
So I can develop apps for SAFE Network?
Nick: Yes. MaidSafe will release some example applications (such as messaging and storage) that will showcase network features to end users and serve as tutorials for developers. Longer term we will look to add network-wide computation and we will be looking to partner with companies to add features like search.
What about existing applications? Can they be ported across?
Nick: For typical applications where the functionality exists within the network, such as storage apps or, fairly soon, messaging apps, stored within existing PaaS suppliers like AWS or Google it will be trivial to port the app to SAFE. So you can have apps hosted on both the existing internet and SAFE.
Will I be paid for my app? How can I monetise it?
Nick: App developers will code their safecoin wallet address into their application and based on how much their application is used they are automatically paid by the network in safecoin. Developers keep 100 per cent of the safecoin they earn.
Whoa! Hang on a sec! Safecoin?
Nick: Safecoin is a network cryptocurrency that rewards and incentivises end users for providing their spare computing resources - called farming - while also providing a revenue stream for application developers. As the network becomes more fully featured and safecoin is incorporated into the network it will be required to use services - or apps. The cost of these apps will be down to each developer. Users will obtain safecoin by farming or by purchasing them via an exchange.
So, finally, john.com?
Well, john.safenet anyway. Baggsied it. It's mine (see above - you'll need to spark up the Launcher to view it online though). To be honest there's not much more you can do on SAFE at the minute beyond cybersquatting domains, uploading simple websites (this is a template), storing files and checking out the API and maybe writing a bit of code, as it is still very much in test mode.
But, hey. After 10 years what's a few more months?
You'll have to be quick, though, and if your name is John, David or Nick you may already be out of luck. So what's it all about? We spoke to David Irvine, CEO of MaidSafe, the Scottish firm behind SAFE, and COO Nick Lambert to find out.
So, a new internet, eh? What's wrong with the old one?
David: The problem is data is neither private nor secure. If you taught a computer engineering graduate all about IP networks and computers then said "here are a bunch of cables and routers now go away and design a network where we can all store data and communicate securely", the very last thing they'd do is design a server. The only reason we did it that way is because disk drives were invented before the internet.
So the server's the problem?
David: Yes. We should be focused on securing the data, not the server, and the only way you can really do that is to create some form of network where humans can't interfere, and where a piece of data is never stored on a single machine. By definition that has to be an autonomous network."
No servers? So where is my data stored?
David: When a user stores files on the SAFE Network, the operation appears as uploading, or saving a file to an existing storage provider, such as Dropbox. But SAFE splits the file into chunks and each chunk is then randomised and encrypted and stored at different locations on the network. Unlike the conventional internet, data is always encrypted on SAFE.
You describe yourself as the world's oldest start-up. After 10 years you've only just released a "pre-alpha" minimum viable product and an API. What's taken you so long?
Nick: Removing data centres and servers involves replacing several layers of the internet - transport, session and presentation. Working on such a big project with a small team ... you can start to understand why it has taken us 10 years to get to this point.
Fair enough, so what can I do on the SAFE Network right now using the test application?
Nick: Right now we are testing the SAFE Client on which it is possible for early adopters to create their own credentials and login to the test network to create their own webpage and/or upload a website. The Launcher API is a REST API, so it's language-agnostic and also does not impose any hard dependencies to the core libraries.
So I can develop apps for SAFE Network?
Nick: Yes. MaidSafe will release some example applications (such as messaging and storage) that will showcase network features to end users and serve as tutorials for developers. Longer term we will look to add network-wide computation and we will be looking to partner with companies to add features like search.
What about existing applications? Can they be ported across?
Nick: For typical applications where the functionality exists within the network, such as storage apps or, fairly soon, messaging apps, stored within existing PaaS suppliers like AWS or Google it will be trivial to port the app to SAFE. So you can have apps hosted on both the existing internet and SAFE.
Will I be paid for my app? How can I monetise it?
Nick: App developers will code their safecoin wallet address into their application and based on how much their application is used they are automatically paid by the network in safecoin. Developers keep 100 per cent of the safecoin they earn.
Whoa! Hang on a sec! Safecoin?
Nick: Safecoin is a network cryptocurrency that rewards and incentivises end users for providing their spare computing resources - called farming - while also providing a revenue stream for application developers. As the network becomes more fully featured and safecoin is incorporated into the network it will be required to use services - or apps. The cost of these apps will be down to each developer. Users will obtain safecoin by farming or by purchasing them via an exchange.
So, finally, john.com?
Well, john.safenet anyway. Baggsied it. It's mine (see above - you'll need to spark up the Launcher to view it online though). To be honest there's not much more you can do on SAFE at the minute beyond cybersquatting domains, uploading simple websites (this is a template), storing files and checking out the API and maybe writing a bit of code, as it is still very much in test mode.
But, hey. After 10 years what's a few more months?
March 15, 2016, 11:26:19 PM
Hello, Guys,
I'm looking for major MAID holders for the purpose of doing OTC(over the counter) deals to acquire this currency without moving market prices at exchanges.
I'll start buying April/May on behalf of my clients and continue to do so for at least a year.
If you are interested, send me a pm or an email, with these details:
Minimum amount i could buy from you, maximum amount i could buy in one operation, your preferred payment method and how to get in touch with you.
I'm looking for major MAID holders for the purpose of doing OTC(over the counter) deals to acquire this currency without moving market prices at exchanges.
I'll start buying April/May on behalf of my clients and continue to do so for at least a year.
If you are interested, send me a pm or an email, with these details:
Minimum amount i could buy from you, maximum amount i could buy in one operation, your preferred payment method and how to get in touch with you.
March 15, 2016, 09:15:45 PM
and well not many maids sold at 3500. the ico price was 5500.. so at 25k we're only looking at 5x.. and how many ico holders sold on the way up thinking it would go back down.. and then.. it didnt. i got in late though. i watched it rise from 12k and decided to get in at 17k after i read about maid. i was confident that even at 17k my investment was safe.3 weeks later.. and its proving that to be totally true.
It's been so long, I forgot what the ICO price even was. I do know it was floating around 3500-4000 for like seemingly forever though. Last year it was 4000ish... same time this year it was 4000ish.
Longterm, you may be correct though. I just didn't want this guy to invest all of his birthday money off of a coin's high ... when it has gone up a lot already. A small investment, or whatever he is willing to lose... sure, it's up to him.
I tend to be naturally pessimistic with all cryptos, so assume everything is manipulated, what goes up, eventually comes down, and so on ... so take that for what you will. I'm also saying this as someone who still holds some Maid -- bought in at 5K, sold most at 17Kish (yeah, sold too early) ... then bought back in a small amount in low 20s. So I still expect it to go up, but not quite as optimistic as you are ... and who knows longterm.
It actually dropped to the low 2000s briefly on Poloniex before it before it started gaining traction. I was going to buy 100k more at that time, but the price went up before I got my chance. The ICO price for those who invested with Bitcoin was about 0.000042 or 4200. Mastercoin investors bought in for considerably less.
March 15, 2016, 03:31:32 PM
Here's the latest Dev-Update:
MaidSafe Dev Update 15th March 2016
Follow the development through GitHub/Maidsafe.
MaidSafe Dev Update 15th March 2016
Follow the development through GitHub/Maidsafe.
March 15, 2016, 03:18:34 PM
yeah im talking longterm. demand for safenetwork's encrypted distributed redundant backup with autofailover data storage and service hosting (yeah thats a mouthfull)will grow. and with it, each request for service will require maidcoins purchased on the market to be used in the transaction. so yes, regarding the guy and his birthday funds, invest shrewdly as usual. or as i tell all who i advise to invest in maid for the longterm. "dont be greedy, but get some maid, some for you and some to trade". basically, reserve some storage on the network at the best price u can. especially if you understand why you would want to use that service, then i wouldnt have to tel anyone this. but there's more to investing than just deciding how much to spend. u keep up with latest news and daily trade averages to decide if you can surely exit and re-enter for a cheaper price holding a larger share. maid may make some moves in the short term, but the real demand for service will come after safenetwork goes live and people can get to work with a real product.
in a sense we're just basically at a second stage ico where we have to pry initial investors coins out of their hands and tempt them to give up portions of their share. they took a large risk investing in maid so early. at this stage our risk isnt that high because we at least have a working demo and a product we can see is nearing delivery. its just down to.. how much storage on maidsafe you want to keep for yourself, And how much you want to invest in the projected level of demand for this technology. because i believe the devs can and will deliver.
so the whales will play as they say. in the meantime. but once things go live, growing attraction will secure the 20k-30k price points easily. the trick here is in making sure you've secured your position when playtime is over.
in a sense we're just basically at a second stage ico where we have to pry initial investors coins out of their hands and tempt them to give up portions of their share. they took a large risk investing in maid so early. at this stage our risk isnt that high because we at least have a working demo and a product we can see is nearing delivery. its just down to.. how much storage on maidsafe you want to keep for yourself, And how much you want to invest in the projected level of demand for this technology. because i believe the devs can and will deliver.
so the whales will play as they say. in the meantime. but once things go live, growing attraction will secure the 20k-30k price points easily. the trick here is in making sure you've secured your position when playtime is over.
March 15, 2016, 03:04:26 PM
If you have been watching the charts closely, you can make an educated guess as to where the price is heading. It may take some time, but I see much more life in MAID.
March 15, 2016, 01:35:22 PM
and well not many maids sold at 3500. the ico price was 5500.. so at 25k we're only looking at 5x.. and how many ico holders sold on the way up thinking it would go back down.. and then.. it didnt. i got in late though. i watched it rise from 12k and decided to get in at 17k after i read about maid. i was confident that even at 17k my investment was safe.3 weeks later.. and its proving that to be totally true.
It's been so long, I forgot what the ICO price even was. I do know it was floating around 3500-4000 for like seemingly forever though. Last year it was 4000ish... same time this year it was 4000ish.
Longterm, you may be correct though. I just didn't want this guy to invest all of his birthday money off of a coin's high ... when it has gone up a lot already. A small investment, or whatever he is willing to lose... sure, it's up to him.
I tend to be naturally pessimistic with all cryptos, so assume everything is manipulated, what goes up, eventually comes down, and so on ... so take that for what you will. I'm also saying this as someone who still holds some Maid -- bought in at 5K, sold most at 17Kish (yeah, sold too early) ... then bought back in a small amount in low 20s. So I still expect it to go up, but not quite as optimistic as you are ... and who knows longterm.
March 15, 2016, 01:29:12 PM
I Think the wales are keeping the price of this coin down, when Maidsafe will be implemented in banks and Ethereum, the price will go wild!
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
at this stage i think we're good for anything under 30k considered cheap. yes the live release will be wild. i dont see any reason why almost every website on the internet wont want to transfer to maidsafe network. its so simple and userfriendly to operate and you get soooo much security. so yes i have no doubt.. live will be another story. some people think this is speculation price, but i think its actual early bird demand. speculation might take maid over .008btc a share. and yes i honestly think that is realistic. considering demand will not use their coins for trade but to buy storage on the network.
Yeah, you are a tad more optimistic than I am. What I see is a coin that went from 3500 up to 30K... currently waiting for MVP, so at least 1-2 more chances to pump higher.
After release, who knows. One would think it'd fallback, but it depends on if whales want to keep pumping after MVP to a certain point. It will fall back at a certain point, happens with all coins... question is where it ends up, and when whales decide to withdraw.
dont really want to make it a conversation about price. but i can identify a major difference between maid and other coins.. and ive been around for a while. maid coins actually have to be used. in other coins you can use their features without the coin.. except for the great masternode coins which just let alot of ppl hold while the devs dump. this is different. u dont own maids, u dont get to use the network. that makes it a viable business imo. not traditional crypto pnd because there is a real possibility that you may want to store something on the network at some time in it's lifetime, and then.. what would be the price?? less than 10 cents a share? if i owned a website i would transfer it to maidsafe network the day of release. but i dont own a website.. but guess what.. maidsafe technology has made me now interested in having a website(s) and utilizing couldstorage to backup any data i need to keep alive for eons without fear of it getting erased. writing books, documentation of inventions etc can all be stored securely on safenetwork.. so the demand will be real. even if u see a 350btc buy it isnt a pump.. its someone buying in for real and those coins are gone.. waiting for release so they can upload their data. i dont see it as optimism because of the math ive done behind demand for this type of tech and the available supply.
and well not many maids sold at 3500. the ico price was 5500.. so at 25k we're only looking at 5x.. and how many ico holders sold on the way up thinking it would go back down.. and then.. it didnt. i got in late though. i watched it rise from 12k and decided to get in at 17k after i read about maid. i was confident that even at 17k my investment was safe.3 weeks later.. and its proving that to be totally true.
March 15, 2016, 12:32:39 PM
I Think the wales are keeping the price of this coin down, when Maidsafe will be implemented in banks and Ethereum, the price will go wild!
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
at this stage i think we're good for anything under 30k considered cheap. yes the live release will be wild. i dont see any reason why almost every website on the internet wont want to transfer to maidsafe network. its so simple and userfriendly to operate and you get soooo much security. so yes i have no doubt.. live will be another story. some people think this is speculation price, but i think its actual early bird demand. speculation might take maid over .008btc a share. and yes i honestly think that is realistic. considering demand will not use their coins for trade but to buy storage on the network.
Yeah, you are a tad more optimistic than I am. What I see is a coin that went from 3500 up to 30K... currently waiting for MVP, so at least 1-2 more chances to pump higher.
After release, who knows. One would think it'd fallback, but it depends on if whales want to keep pumping after MVP to a certain point. It will fall back at a certain point, happens with all coins... question is where it ends up, and when whales decide to withdraw.
March 15, 2016, 12:24:24 PM
I Think the wales are keeping the price of this coin down, when Maidsafe will be implemented in banks and Ethereum, the price will go wild!
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
at this stage i think we're good for anything under 30k considered cheap. yes the live release will be wild. i dont see any reason why almost every website on the internet wont want to transfer to maidsafe network. its so simple and userfriendly to operate and you get soooo much security. so yes i have no doubt.. live will be another story. some people think this is speculation price, but i think its actual early bird demand. speculation might take maid over .008btc a share. and yes i honestly think that is realistic. considering demand will not use their coins for trade but to buy storage on the network.
March 15, 2016, 12:15:54 PM
I Think the wales are keeping the price of this coin down, when Maidsafe will be implemented in banks and Ethereum, the price will go wild!
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
I wouldn't worry about banks/eth (that is hype talk). I think it simply comes down to when they announce MVP and IF the whales use that to pump up the price. Dev update should be today, so we'll know soon enough if it's this week or not.
March 15, 2016, 11:59:40 AM
I Think the wales are keeping the price of this coin down, when Maidsafe will be implemented in banks and Ethereum, the price will go wild!
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
Soon Is my birthday and I am going to invest my birthday money in a few coins And this will be one of them, I just hope the price hasnt skyrocketed by then 17 march, what do you think guys?
March 15, 2016, 11:33:22 AM
the whale shouldn't make it so obvious that he is controlling the market and the price 
This is a 50/50 gamble now if you are not on the inside. Take care!
This is a 50/50 gamble now if you are not on the inside. Take care!
Happens with all coins. If anyone believes in 'natural growth', they are fooling themselves. I do agree however that the maid whale (or whales) has been extremely obvious in their manipulations... from insane buy walls to shakeouts. Figuring out their whale patterns is the problem, however.
One would logically think after this shakeout, there would be another rise (w/ MVP release), then fallback again. But things don't always play out logically, so who knows.
March 15, 2016, 04:43:46 AM
And about Safecoin, they use ring signatures if you like.
Safecoin is cryptocoin that doesn't use a blockchain.
Safecoin is cryptocoin that doesn't use a blockchain.
Ummmmmmm, how does Safecoin use ring signatures if it doesn't have a blockchain?
From where do the required "random transaction outputs on the blockchain" originate?
Go to their forum will ya. And dive into the tech if you wanna know more. Ring signatures IMO mean several people (groups on SAFE) sign the transaction before a coin goes from person A top person B. SAFE uses a whole different approach than other crypto's. You'll see coins go from person A to person B when a couple of close groups sign the transaction. This means transactions under a second and because only 100 nodes a needed for 1 transaction the network can scale to thousands and thousand of transactions per second overall on the network. Hard to believe probably, but that's the way it's made.
March 15, 2016, 03:40:16 AM
the whale shouldn't make it so obvious that he is controlling the market and the price
This is a 50/50 gamble now if you are not on the inside. Take care!
This is a 50/50 gamble now if you are not on the inside. Take care!
Where there is crypto to be traded there are gonna be whales. No coin excepted
March 15, 2016, 02:38:17 AM
the whale shouldn't make it so obvious that he is controlling the market and the price
This is a 50/50 gamble now if you are not on the inside. Take care!
This is a 50/50 gamble now if you are not on the inside. Take care!
March 14, 2016, 07:44:37 PM
As for "basic math," I'd love to have some explanation of the cryptography behind Safecoin's alleged private/untraceable/unlinkable properties.
But every time I ask, I get a different answer. I'm not seeing an advantage over SIA or Storj here, to put it nicely in an understatement.
But every time I ask, I get a different answer. I'm not seeing an advantage over SIA or Storj here, to put it nicely in an understatement.
Then go ask David Irvine (the main dev) on https://forum.safenetwork.io/
You're constant obtuse comparisons with other coins probably isn't going to get you very far in this thread (because Safe Devs don't read it).
March 14, 2016, 05:51:25 PM
Looks like I bought at the top 0.00027500 a week ago.
Top was higher than that. Besides, MVP hasn't been released yet ... I wouldn't worry. Just let whales play their games.
(assumption anyway, who knows what whales really plan to do).
March 14, 2016, 05:45:42 PM
Looks like I bought at the top 0.00027500 a week ago.
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