Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
Coinler
on 14/03/2016, 12:33:51 UTC
when the Safe network goes live and you'll need to convert your Maidsafe coin to Safecoin

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?

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.

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.

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.