Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
zeeman
on 13/06/2017, 19:21:16 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.

Thanks for all the questions (including from @Anduril_FotW) they've come up on the forum as well.

1.) Nobody can stop someone from posting terror videos or other illegal stuff. Maybe we'll see Vaults that decide not to route certain data, but the idea is that even the Vaults have no clue what they store. Silkroad was online on TOR for quite some time, but the owner of the website got caught anyway. So even on encrypted networks people make mistakes. And forums/chats/reddit/youtubes on SAFE could use moderators if they want. I guess most will do that. You can make a website where people are allowed to post videos, but when you have "admin rights" to that website (if you activate that) you can moderate whatever you want in your domain. MaidSafe already created black/white user_lists in 2016 to sort of test this idea. So let's say that 20 volunteers create SAFE-Tube, they could still remove videos when illegal stuff is uploaded. others could make a censorship free version of SAFE tube but it will probably get filled with spam.

2.) Safecoin is a coin that you can use to pay. You can also buy storage with it, so your client says to the group of nodes: I have some safecoin here and would like to use it for storage. they say; okay, burn the coin and we'll allow you to store x-GB of data. So it could be used for payments or storage.

3.) There are a lot of ideas to make Safecoin divisible. The forum is full of them  Grin. So no worries, you can sent 0.00000000000023 to someone if needed when Safecoin goes live.

https://safenetforum.org/t/safecoin-divisibility/4806