Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
bitabit
on 19/08/2019, 10:19:10 UTC


Question:

Do you think MaidSafe is safer than Bitcoin?


Answer from someone who lives and breathes both Bitcoin and The Safe Network:

The SAFE Network is not primarily about the coin, but data in every application. It's about creating a space where everything is censorship resistance. The "oil" of this system is Safecoin. Unlike Bitcoin, Litecoin or all the other cryptos, Safecoin will not run on a blockchain. It will simply be data running on the SAFE Network - instantly confirmed with free transactions. Is it safer? That depends on what you mean by "safer". It will be totally private and anonymous. But if by "safe" you mean as a store of value, that will take time as people will need to trust it - and the network it runs on.

Right now Maidsafe is just as safe as Bitcoin as it is on the Bitcoin blockchain.  Once it leaves that blockchain and moves onto its own network, I would speculate that it will become very unsafe until proven otherwise with time.  I definitely won't recommend anyone to move all of their Maidsafe coins on Bitcoin blockchain to the new network all at once.  You never know what could happen.