The project has been delayed but not stopped.

Life pulled me away from it for a while, and when I came back, cryptocurrency had evolved.   

I'm currently hard at work re-writing some code, and working to ensure that I launch cutting-edge, as well as groundbreaking software.

More to come soon

Still alive.

Delayed, but far from dead.  As Cryptocurrency evolves, so are my visions of what the next true groundbreaker will look like.

Much of my code, I've kept.  A lot of it, in the same breath, I've abandoned or re-written.   And I would still love valuable input.

More to come.

I'll say it.

Why would you want to prevent this?

Serious question.

I had actually really liked the proof of transaction concept in this coin as a means to better-secure the block chain.

However, it also creates as many security unknowns as it resolves.   

From a perspective of motivation to increase nodes, I am not sure that it has an advantage over transaction fees or pos.  But it is still interesting.


Overall, I had kept my eye on this one and thought it might have some potential.   I have not completely given up on it yet either.   time will tell

There will be, yes.   The launch date will be fair.   

I'll announce it shortly.  I intend to keep the complete source launch on Memorial day and it will be no later than then.

Just a note, as the aim was to launch today:

There are still a few details to work out and it may be a bit longer before I generate the official genesis block and issue the coin.

I am Not premining it, this is just a small delay to make sure this is done right on launch.

cheers

So....I love the POT concept but I have a question:

Why is POT running off of POW?

What happens as POW rewards decrease?

What happens when POW "ends" (even though it will never end entirely for this coin, it will become far less relevant).

Why is POT not its own independant reward, or perhaps tied to POS?

DEV (sunflowercoin), that [ANN] is taken, sorry.

https://bitcointalk.org/index.php?topic=582598.0

I'm not here to judge whatever it is you're doing.  But you may want to pick a different ANN.

cheers

TheMightyX,   the name is staying.  Maidsafecoin is yesterday's news.  Exchanges only recognise it as Maidsafecoin.   And the dump is underway.

Your idea to beat the system is creative, and you are welcome to try it  

But no, I have no plans to give people a step by step guide on how to beat it.

As per the posted timelines, the Source Code will be released on Memorial Day.  You should be able to mine the coin successfully then, even on a personal computer or laptop, right from full source code, and do nicely.

If you don't run a GPU or botnet farm, CPU mining will be available on mother's day to you.

I am prepared for a backlash when the coin is mineable in four days, but the source code is still a few days out.

However, I know that backlash will mostly be from GPU miners and botnet operators.   And I know why.

Even the most hardcore Open Source Enthusiast can handle a few short days delay of the source code release.

If you are concerned that I may implant a keylogger,  etc in the code, that is fair.  But you should be concerned about that with every coin, not just this one.  Releasing the source code has absolutely no impact on a DEV's ability to Scam you or deceive you on what is running on your computer.   Same with Whitepapers.   Asiacoin is the most recent of dozens of examples.

I am not asking for money or bitcoins.

I have trademarked the name, and made no attempt to hide my identity.   I would prefer that it not be splashed on these boards.    But I am a real person, and if you know what you are doing, you can find me.

Not many coins can say the same.   I have done my part to separate myself from the scams.

You are of course welcome to wait until Memorial Day.

It is, if course 

It's a really valid concern.  I've put a lot of thought into it, with regards to contract and derivative solutions.  I am still thinking about it.

The method does not prevent dumping the coin.   It Does mean, however, that miners who have a long term investment interest in the coin will also have a long-term competitive advantage in mining it.

It means that miners with a long-term interest in the coin should be able to gain a greater market share of the coin.

It means that miners with strictly short-term goals will be almost completely cut out of the market for this coin, and ultimately have little interest in it.

I could take the concept further, because you are right that it is not 100% pump and dump prevention.   I am just not sure if I should.  My feelling is that this measure is adequate at the stage for the coin.  For a mature coin like bitcoin, on the other hand, contracts and derivatives are needed.   I would almost rather let others iron this out, and fork it in a few years from now when it's necessary, perfected, and secure.

Your skepticism is warranted and understandable.   I am satisfied just that you see the value in the claims.   Truthfully....it will take a lot more than a whitepaper to satisfy most skeptics.   All in good time.

If you know its impossible...why are you waiting for the whitepaper???

How is this the same as maidsafe?   There is no IPO.  My marketing is next to none.   What do we share in common other than fhe name they copied?

Maidsafe wanted an investment on a highly marketed, poorly thought idea.

I want no investment, on a well thought out currency with no marketing and a great concept.

The names sound the same, because they are the same.   This is true.   You will need to get your head around this because that's where the similarities end.

Thank you, I appreciate it.   I have already had my name copied once before getting out of the gate, so please understand that I'm not in a rush to release the source and whitepaper.  Because as good as the name is, the source is better.

You can Expect both on Memorial day.   But Im aiming to make this coin mineable on mother's day.

My question would be, what benefits does maidsafe provide?   Unless laundering Mt Gox coins is considered a benefit, I don't see any.  We already have a dozen different decentralized internet coins, none of which are as good as the already existing TOR network, or the TOR network's competitors.   And, maidsafe isn't decentralized.  If you look at its structure, it's actually centralized.  So.....a better question might be what advantages maidsafe has over the existing internet.  I don't see any.

My second question would be how any of that has any relevance to Safe Currency.  Maidsafe does not actually provide any additional security measures.  In fact it is far less secure than bitcoin.   I realize that SafeCoin is a catchy name.  I understand it helped their IPO.  But .... they have nothing at all to do with Safe Coins.  And they're not the originators of the Safecoin name either.  They didn't even have a safecoin domain name until 4 weeks before their launch.

Monero is awesome.  I only mean that it failed in being a CPU-only coin.  And to be fair, you are correct that it hasn't.  But BYTECOIN did fail.  Last night.  And Monero is a cloned fork of BYTECOIN.  So, it is inevitable now.  The belief is that it was Botnets.  I do NOT mean that MOnero has failed as a currency.  I have high hopes for it.

With regards to your concerns about lack of information, or untrueness...that's fair.  I expect that from anyone who knows what they're doing.  

The trust and the belief won't be there until after the launch and the code release.  And rightfully so.   There is no IPO, I'm not selling a promise, like so many others have done.  

The features either interest you, or they don't.   If they do interest you, proof and code and all that good stuff will come.   I just want awareness at this stage, not allegiance or investment.

SafeCoin has literally nothing in common with MaidSafeCoin.


MaidSafe copied this name for their IPO launch, as MaidSafeCoin was not as appealing.

It is unfortunate, but I will explain this as many times as needed.

May 1st Feature and Concept release has been edited into the first post, as per timelines provided.

    May 1st, as per posted timelines, this will be clarified (and I can't wait!)

There are a number of new features and a lot of work to do between now and announcing them.

There are one or two features which I expect to have a considerable impact, and you will not have seen them before.   

All I will say is that they are both aimed at making the currency Much Safer, as the name suggests. 

Just to clarify, as per the subject heading, the name of this coin continues to be "SafeCoin", the same as it has since January 2014 on first announcement.

I believe this is very clear in the subject.  I do not believe that it can be more clear.

It started as "SafeCoin".  It will continue to be called SafeCoin.  And if another 5 projects also decide to call themselves SafeCoin, this will Still be called SafeCoin.

And that is just how it is.  I realize some people will have invested in other projects that copied the name.   I can appreciate the concern, but the name is not changing.