Are MaidSafe and Ethereum competitors? - page 2.

EvilDave

hero member

Activity: 854

Merit: 1001

Quote from: CryptoPanda on April 24, 2014, 12:35:45 AM

From my understanding Ethereum is better than NXT because Eth is a platform where one can build anything.
In NXT those functionalities have to be hard coded, right?

AFAIK: You are totally right. All NXT apps will have to be created pretty much from the ground up, whereas Eth will offer a "Turing complete" programming language allowing easy creation of financial apps. Think Lego for finance.....
So, in theory, Eth will probably be the superior system, at least from the point of view of a developer.
But Eth is a long, long way from any form of code release. Eth isn't slated (AFAIK again) to release anything usable until the end of this year.

Voluntold

full member

Activity: 168

Merit: 100

Quote from: CryptoPanda on April 24, 2014, 12:35:45 AM

From my understanding Ethereum is better than NXT because Eth is a platform where one can build anything.
In NXT those functionalities have to be hard coded, right?

I don't think so. Check this out - https://nxtforum.org/automated-transactions/what-is-automated-transactions/

The way I understand it, they will both have advantages over the other. Sounds like Nxt may end up being faster.

CryptoPanda

sr. member

Activity: 910

Merit: 302

From my understanding Ethereum is better than NXT because Eth is a platform where one can build anything.
In NXT those functionalities have to be hard coded, right?

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: Wilburbone on April 23, 2014, 09:08:08 PM

Quote from: RawDog on April 23, 2014, 06:25:29 PM

NXT is good marketing with nothing under the hood.

Well, you've just proven that you haven't done any research at all into Nxt. You got it completely backwards. Nxt has BAD marketing with great technology under the hood.

Bad is a bit of an understatement. Though a NxT clone like NAS is even worse, where they took NxT's worst feature (distribution) and made it worse.

Wilburbone

newbie

Activity: 25

Merit: 0

Quote from: RawDog on April 23, 2014, 06:25:29 PM

NXT is good marketing with nothing under the hood.

Well, you've just proven that you haven't done any research at all into Nxt. You got it completely backwards. Nxt has BAD marketing with great technology under the hood.

TaunSew

hero member

Activity: 756

Merit: 506

http://www.manta.com/ic/mt6qtfq/gb/maidsafe-net-ltd

Maidsafe is a small company 6 people and they likely only have two to three developers. Considering it's 6 people and an office (overhead) on a revenue of $400K, they've probably ran out of their own money, investor's money and that's what motivated them to search for more revenue (creating a coin). The actual coin project itself probably only has 1 developer, so most alternate coins have bigger development teams than the Safecoin project.

It's 8 year vaporware (they even acknowledge it themselves) and Maidsafe is built upon Freenet (a 14 year old project). Maidsafe is never going to come out. A lot of gullible people here are stuck with these "Maidsafecoins" (proxy token coins) which is not to be confused with Safecoin (the coin which will be used to sustain the Safe network).

You thought people were stupid to hand money over to MSC, Visacoin and other IPO scams / exaggerations.

EvilDave

hero member

Activity: 854

Merit: 1001

Quote from: RawDog on April 23, 2014, 06:25:29 PM

Quote from: EvilDave on April 23, 2014, 05:23:48 PM

NXT can also offer the functionality of both MS and Eth in one package, which is a good thing. Saves time/money on integration hassles.

So: answering the OPs question: MS and Eth are not really in direct competition with each other, but NXT is in the race and ahead at this moment.

Delusional

This is the funniest shit I've read all year. NXT is a joke. It isn't anything. It isn't bitcoin with built in programming language (like Ethereum) and it isn't a decentralized storage and computational platform. NXT is a bullshit cryptocurrency which only has the advantage that it doesn't burn too much electricity like bitcoin.

NXT is garbage. Nobody will bother with their nonsense. Why do you think MaidSafe raised all that money in ten minutes? Because it is a real system. Not sure if it will work, but it isn't just a bunch of nonsense like NXT.

NXT is good marketing with nothing under the hood. We don't need another bitcoin, the bitcoin we have is already too much of a pain in the ass. NXT will never replace bitcoin. Stop being a fool.

You don't read very much then.....
Try this:
https://nxtforum.org/index.php
then try:
http://www.cracked.com/

NXT is simply ahead right now, in terms of delivering usable code, no argument possible. Neither MS nor Eth are anywhere near actually releasing anything, while NXT's Asset Exchange is set to go live in less than a month.
I'm not bitching MS or Eth up, btw, either one of them could become an important player. I'd bet on Eth before MS, though.

And as MadCow said, NXT is strong on tech, and much weaker on marketing right now.
That you haven't seen that makes me think that you could maybe do some first hand research on NXT.

I never stated that NXT will replace Bitcoin. It might do, it could do, but thats gonna be at least a few years down the line, if ever.
BTC has massive advantages: proven tech, huge user base, great usability and utility. It's here to stay.....probably.
NXT doesnt actually have to beat BTC to be successful, because it is competing in the 2nd generation game, not the first gen. where BTC rules.

MadCow

hero member

Activity: 655

Merit: 500

Quote from: RawDog on April 23, 2014, 06:25:29 PM

NXT is good marketing with nothing under the hood.

lol, it's actually the reverse. NXT marketing is non existent at the moment, but if you look at all the tech related development projects in the works it's hard to write NXT off as garbage. In 2-3 months NXT will have a lot of new 'toys' out for people to play with.

People love to hate NXT, just like bitcoin in the early days

RawDog

legendary

Activity: 1596

Merit: 1026

Quote from: EvilDave on April 23, 2014, 05:23:48 PM

NXT can also offer the functionality of both MS and Eth in one package, which is a good thing. Saves time/money on integration hassles.

So: answering the OPs question: MS and Eth are not really in direct competition with each other, but NXT is in the race and ahead at this moment.

Delusional

This is the funniest shit I've read all year. NXT is a joke. It isn't anything. It isn't bitcoin with built in programming language (like Ethereum) and it isn't a decentralized storage and computational platform. NXT is a bullshit cryptocurrency which only has the advantage that it doesn't burn too much electricity like bitcoin.

NXT is garbage. Nobody will bother with their nonsense. Why do you think MaidSafe raised all that money in ten minutes? Because it is a real system. Not sure if it will work, but it isn't just a bunch of nonsense like NXT.

NXT is good marketing with nothing under the hood. We don't need another bitcoin, the bitcoin we have is already too much of a pain in the ass. NXT will never replace bitcoin. Stop being a fool.

EvilDave

hero member

Activity: 854

Merit: 1001

NXT has the advantage of starting a lot sooner than either MaidSafe or Ethereum, but both MS and Eth (too lazy to type more) have a lot of serious backing, probably more so than NXT right now.

NXT can also offer the functionality of both MS and Eth in one package, which is a good thing. Saves time/money on integration hassles.

So: answering the OPs question: MS and Eth are not really in direct competition with each other, but NXT is in the race and ahead at this moment.

It's going to be an interesting year...............

Shivalein

member

Activity: 117

Merit: 10

I think you can do almost everything maidsafe can do on top of NXT soon, certainly sooner than one of both will.
But if maidsafe claimes the storage side, and the user will accept it as the new dropbox, then maidsafe will succedd.
But I think all the other stuff like social network, financial stuff, etc. will be on NXT or Ethereum.

SnakePlisken

member

Activity: 71

Merit: 10

Quote from: Ursium on April 23, 2014, 06:08:06 AM

Hello, Ethereum here.

Ethereum has storage capabilities but mostly for state information, not file storage. You would never say, upload a video to the Ethereum chain.

Maidsafe is a decentralized storage layer. Ethereum is a decentralized logic layer. The two would work together, for example in the context of creating a decentralized dropbox application.

Thanks for the clarification.

Seems to me they are not really competitors then and can certainly coexist nicely. Maidsafe is focusing more on anonymity and storage while Etherium is more geared towards contracts, DACs and as a platform to build these things on top of.

Bottom line - both of these projects rock and are going to be taking off in the not so distant future

Voluntold

full member

Activity: 168

Merit: 100

IMO Ethereum is more in a competition with NXT.

CryptoPanda

sr. member

Activity: 910

Merit: 302

Quote from: Ursium on April 23, 2014, 06:08:06 AM

Hello, Ethereum here.

Ethereum has storage capabilities but mostly for state information, not file storage. You would never say, upload a video to the Ethereum chain.

Maidsafe is a decentralized storage layer. Ethereum is a decentralized logic layer. The two would work together, for example in the context of creating a decentralized dropbox application.

Very valuable input thank you!

It's good to know they will be complimentary and not competing!

Now do you think they can be setup so the average Joe won't need to install anything?

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

Ursium, thanks for the concise answer. I was wondering about this myself and wasn't quite sure, but it is clear now.

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Hello, Ethereum here.

Ethereum has storage capabilities but mostly for state information, not file storage. You would never say, upload a video to the Ethereum chain.

Maidsafe is a decentralized storage layer. Ethereum is a decentralized logic layer. The two would work together, for example in the context of creating a decentralized dropbox application.

CryptoPanda

sr. member

Activity: 910

Merit: 302

yeah the question is can the ethereum platform can be used to build something like maidsafe (better or worse?)

and of course does any of them would allow a user to access that without installing anything?

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: CryptoPanda on April 23, 2014, 02:07:53 AM

Since those seem to be the 2 hottest IPO for the year (maidsafe running right now and Ethereum coming within months probably) a lot of people might be wondering in which one to invest.

Now Ethereum is a platform that can do pretty much anything.
MaidSafe is just for decentralized hosting (well of everything)

The question is, Ethereium being the more versatile, can you do on top of it what MaidSafe does? And in that meaning are they competitors?

Would either of them need the average user install any clients?

Bit of a tricky question to my understanding Ethereum is a platform that can be used to develop technology on bitcoin based infrastructure but does not rely on the Bitcoin Protocol it's independent

MaidSafe does similar things and is decentralized data storage

As far as I know you will need to have both clients to use them but will wait for a more informed opinion from someone else.

CryptoPanda

sr. member

Activity: 910

Merit: 302

Since those seem to be the 2 hottest IPO for the year (maidsafe running right now and Ethereum coming within months probably) a lot of people might be wondering in which one to invest.

Now Ethereum is a platform that can do pretty much anything.
MaidSafe is just for decentralized hosting (well of everything)

The question is, Ethereium being the more versatile, can you do on top of it what MaidSafe does? And in that meaning are they competitors?

Would either of them need the average user install any clients?

Topic: Are MaidSafe and Ethereum competitors? - page 2. (Read 6623 times)