Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet - page 89. (Read 579765 times)

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?

What a kludgy, convoluted mess.

Not only does it resemble the NAUT swap fiasco, the "burned" supply goofiness smells like the Counterpary and VIA failures.  These Rube Goldberg ICO and shell game IPO schemes never turn out well for anyone except the guy that took everyone else's Bitcoins.

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.

umm i didnt say that. bottom line is the reason why this will work is because the maid coins are tied to the safe network. u cant get into the safe network without owning maidcoins, you cant upload to it's cloud storage network without using maidcoins to buy safecoins. i explained it in layman's terms is all. finally, when you purchase safecoins, the maidcoins used for the purchase will be burned. reducing the supply of available maid left on the market for btc trade. i hope that basic math can take over from this point for you.

This is what I wrote a few pages back about what it is:

It's a P2P-internet where all data is "chunked" and encrypted and everybody stores pieces. All connections between users are encrypted as well so there's a lot of security. You can store data just like on Dropbox but you can also store websites and register a domain like zeeman.safenet which everybody can request using their browser. The network it based on Ants where all Ants have their own role without central organisation. Still though, they help each other out and work together to make sure everybody get's their data.

On BitTorrent you always hope that someone is providing a file as a seeder, on Safenet you'll always have at least 4 seeders (more likely 6) for each MB. And the seeders have an incentive to keep their connection open to make Safecoin. So download an episode of Breaking Bad from years ago and for every GB you'll have about 6000 seeders. The link with Freenet is logical but not right IMO. On Freenet you hope (just like BitTorrent) that there are seeders. In the case of Freenet you hope someone requested a file before you did in the last few weeks and that it's in cache somewhere. If it's not in cache it will be gone. On Safenet once uploaded, a file will be there forever if the uploader didn't took it off. It will be there for years. And again, for every 100MB. you'll see about 600 seeders that have the chunks available. And instead of BitTorrent where you need to provide upload to get downloads, these seeders (Farmers) are paid for by the network.  

And about Safecoin, they use ring signatures if you like. Remember, to your close nodes in XOR your just an address. And as one of the users from that 32 nodes group you can't do a thing. You'll always ask for them to do it. So they GET your chunks for you and pass them to you. They decide if you can upload (PUT) a chunk to the network or not. And they sign everything you do. Without about 80% of the group signing a request you can't do anything on the network. And you can't pick your own group or address. It's like a virtual IP-Address that's given to you by a group of nodes.

So Safecoin is cryptocoin that doesn't use a blockchain. You can buy storage on the network with it or use it just as all the other coins to exchange value with people.

You have been able to test the software for well over a year building your own instances

You can read the github of over 70,000 lines of code , rewritten from over 600,000 lines of a different computer language.

You can right now this second download and test it out for yourself with all the other people who are doing so. upload files and create apps on the network

Please learn the definition of "vaporous"

Other than generic platitudes? you have taken 1 completely banal fact about a coin (distribution of a token to later be exchanged when the network is fully functional) then leaped to some random conclusion. "this coin's Dev said bacon, the only ever time i have seen a dev say bacon, it was a failed project which failed for 20 different reasons, not one of them related to saying bacon, how will this coin succeed after the dev said bacon?"

What would you like to know that you couldn't take 5 minutes out of your day to find out yourself?

It is blockchainless , so truly anonymous . Only identifying data on a coin is last previous owner and the current one , once you trade it, which would take under a half a second and be near instantaneous , the data now has you as the previous owner and the new owner as current and that's all they will have. Just like actual cold hard cash, you know who you give it to has it and you had it before, but you wont know who he gives it to , or who you got it from.

It doesn't suffer from blockchain bloat

It is effectively turning hard drive space into a commodity/asset that can be traded globally .

Network is DOS proof, it effectively speeds up the network, more people who are accessing a file the faster it can be accessed, more people using a website the faster it downloads, so a DOS attack that costs money for the attacker will just be improving the service for everyone else.

Totally self encrypted network for your files and for your viewing pleasure , not even your ISP knows what you are looking at

It is an incentivized, decentralized internet that rewards content creators ,security and resource providers.




Any of this information can be easily found if one was to take a look for themselves at the maidsafe forum , all the code can be verified and you can literally get onto the network this second, while also being able to build your own network by folking the code and seeing it all in action working on your own built instances.

Anyone who was to be genuinely curious could of asked a whole range of questions regarding what answers they so sought out, but no you asked "i saw another coin fail that tried to do a similar distribution plan to this one, and even thou they have completely 100% verifiable code, and an actual means of testing and seeing the actual software in action, i still cannot think of anything else other than that 1 pointless fact that has no connection to the success or failure of the coin, why will this project not fail even thou everything about it except 1 thing is different?" which you could literally answer yourself if you did even the tinniest amount of your own research.

With that conclusion , it is either you are trolling , being intentionally stupid and lazy or are just stupid and lazy, Going from your legendary forum status i would of assumed it was intentionally stupid rather than actual stupid . Not touchy , I saw a stupid comment and asked if that person was being intentionally stupid, in a matter of fact way. But we are dealing with someone who fails at understanding definitions so a classic deflection was to be expected as a reply and a false emotional context placed on my post was to be expected.

Och, aren't we a wee bit touchy this evening?   

Other than generic platitudes about POW/POS, do you know any specific reason why Maid's 'exchage-real-BTC-now-for-some-presently-vaporous-thing-later' scheme will be any less of a failure than NAUT's similar attempt?

You are a Hero member, yet still must post a disclaimer explaining nobody really knows WTF Maid is.

The New Internet^®?  A mirage?  A chimera?  No wonder the pumpers get so defensive when you try to pin down specifics.

It's a method of distribution, POW has failed for more coins than it has succeeded for

POS has failed for more coins than it has succeeded for .

IPO and ICO have failed more than succeeded

A method of distribution can be good for some projects and bad for other projects depending on what that project is, what it does and how it does it, do you honestly not understand this or are you intentionally being stupid?

safecoins are kind of not really a coin. they are a unit of storage space on the network.. so by purchasing safecoins, ur purchasing storage space. as u upload to the network safecoins would be deducted from your balance based on how much storage you use. at least this is what i understand it to be.

whales playing their usual shakeout games...

tho i do hope maid see's a big rebound in the coming week+

That 'exchage-the-one-thing-for-some-other-presently-vaporous-thing' thing didn't exactly work out well for Nautilus.

Why will Maid work where NAUT (miserably) failed?

a fall is likely if trolls works right
likely someone that sold eth and was expecting to fall to ico price is regretting it 40k btc vol LOL
i expect maid to be more or less a story like you all have already seen on ETH and if someone else don't make a blockchainless coin before , it will be even more FOMO panic.

Look at some of those buy orders on Polo... doesn't seem likely it'll be hitting 18K with those orders up. Of course this is being pumped, but their idea of a floor evidently is higher than that. Expect they are keeping the price within a certain range while they churn profits each week, until MVP is finally released. So eventual pump... then it's anyone's guess.

Floor after release... who knows...  expect it to fall, but no idea where it'll fall to.

18k still valid target for floor?

New Exchange. Coming Soon.

Omni blockchain ready to be used , the whole 70 GB :
https://bitcointalksearch.org/topic/m.14006462

I hold for mind mewn

Currently the Maidsafecoin is held on the Bitcoin blockchain so if you have control over the private key you have control over your Maid, this will change when the Safe network goes live and you'll need to convert your Maidsafe coin to Safecoin (1:1).

Currently you can use a web wallet - Omniwallet.org and import your private key to manage your coins,
or you can use Omni Core client but you will need the 60GB blockchain downloaded since it's using the Bitcoin blockchain.

More info can be found here - https://safenetwork.wiki/en/Main_Page

Hello, Maidsafe community! We have a lot of our customers at ShapeShift as us what the best maidsafe wallets are to use. Can any of you please give us advice on this so that we can have some community-based feedback for them?

Thanks!

Here you are