Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
Anduril_FotW
on 13/06/2017, 16:09:21 UTC
Quote from: MrPilot on June 13, 2017, 03:04:17 PM
Quote from: zeeman on June 08, 2017, 07:23:49 AM
Quote from: TeamMollyMassive on June 08, 2017, 12:15:14 AM
isnt this coin supposed to be super secure?

Yes, the whole network is supposed to be secure so:

- Register a domain without anyone knowing you did so... but still you are the owner
- Upload private data without anyone knowing you did that, how much...
- Transfer Safecoin from A to B without anyone knowing you did or how much while no one knows your balance
- Browse safe://websites without anyone knowing what/when and stuff like that
 

Thanks to Zeeman in particular for the regular and detailed updates and replies. I think we all appreciate it immensely Smiley

Meanwhile, I have a few queries that have been rattling around my head in relation to MaidSafe for quite a while. Let me run them past you all, if I may (sorry it's a bit of a mix!):

The Safe Network will, of course, be awesome. I love the whole concept. And I love that I can be involved in supplying some of the space in the new network.

1). However, there is one thing that worries me quite a bit ... if it's totally secure, anonymous, untraceable etc., how can the network keep it from being abused, e.g. by terrorists? You'll know who I have in mind there. It would be a terrible misuse of such an amazing tool if it's hijacked with, for example, 'how to' websites for all manner of destructive topics/sites, or even nasty paedo type stuff. How do we keep that stuff out if we can't 'see' who published or communicated it?

2). Meanwhile, if I understand it right, a SAFE coin may well be more of a [disc] 'storage' unit/value rather than a 'financial' value like other crypto coins. Let's say I have 4000 SAFE coins, but I don't need that amount of storage. Rookie question I suspect ... I can just 'sell' those coins? I'm confused because I read that it's not coins ... it's space. Maybe that doesn't matter and it's as easily traded. But the whole 'burn and recycle' thing (if I understand it right) is confusing me a little. I think I get it but I'm just double-checking here!

3). I know originally that SAFE coins were not going to be divisible. Given how much crypto coins/tokens have taken off even in only the last quarter, is that decision still up for debate? My thinking is that if a MAID coin is eventually swappable 1:1 for a SAFE coin once available, if the price of a SAFE coin by then is, say, $500 (wouldn't that be nice!), wouldn't smaller potential fractions, like Satoshis are to Bitcoin, be wise? Or have I missed some other conversation that's already covered that?

Thanks in advance for any insight on any of the above.

For me I very much worry about point 1 mentioned above.
It's nice to know the government cannot shut down the SAFE network because it's decentralised, but I really don't want to support a network where terrorist and pedophiles can do what they want without being caught.
So best would be to built in a backdoor into the network and make it possible to unlock data when 3 parts of a decryption key are being used.
These 3 keys could then be left with for instance: the MAIDSAFE foundation, an impartial third party and a government agency
If certain activity is detected, there should then be a procedure that determines if the keys can be used to unlock the user data.
If there isn't something like this in place, I worry the SAFE network will be a safe haven for all sorts of degenerate people and activities.

I would really like to hear other people's ideas on this !