Search content
Sort by
Showing 20 of 49 results by maidsafe
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
https://github.com/maidsafe/MaidSafe/wiki/Roadmap
Current State
Features
On static local network
Login/Logout via MAID keys
Store/Get data chunks
Mount drive and perform read/writes (testing currently)
Milestone 1
Features
API project with examples
On dynamic local/external network
Login/Logout using session
Store/Get data chunks
Mount drive and perform read/writes
Improved rUDP with encrypted bootstrap process
Enabled Caching
Messaging and public shares
Task breakdown
Vault
Allow free Put & remove Delete functionality
Enable Caching
Account Transfer Implementation (Data Manager/Pmid Manager)
Version Handler Refactor
Finalise MAID APIs
Vault Creation Manager/Handler- storing PMID/ANPMID and creating vault configuration file with wallet address
Mpid Persona Implementation & public shares
Finalise MPID APIs
RUDP
Rudp fixes
Encrypted bootstrap process
Routing
Enable / Test Caching
Encrypted bootstrap process
API
Example codes
Drive testing and benchmarking against current Vault network
Installation & Configuration
Vault Manager
Bootstrap handler
Update Installer
Update Manager
Milestone 2
Features
Safecoin implementation - test_safecoin
More security built around persona groups
Interleaved/Separate Control channel for rUDP - Fast and better dynamic reconfiguration
Task breakdown
Vault
Implement Shadow group across all required personas
Safecoin implementation
Vault Creation Manager/Handler- Network assigning pmid keys
Upgrade to RSA 4096 bit encryption
Obfuscate chunk on disk
Routing
Guarantee message source per hop
Different keys on all layers Rudp/Routing/Vault
RUDP
Different keys on all layers Rudp/Routing/Vault
Congestion control / WiFi testing
Interleaved/Separate Control channel
Milestone 3
Features
Safecoin
Ranking and Archiving
System wide resource management
Task breakdown
Vault
Design / Implement Client to act as MaidManagers
Ranking implementation
Archiving implementation
Network segmentation handling
resource management
Routing
Network segmentation tests
Ongoing tests
Drive testing and benchmarking against Vault network
Distributed rUDP tests and benchmarking
Router testing (Hole punching)
Routing Ack testing
More churn tests
Scalability tests
Current State
Features
On static local network
Login/Logout via MAID keys
Store/Get data chunks
Mount drive and perform read/writes (testing currently)
Milestone 1
Features
API project with examples
On dynamic local/external network
Login/Logout using session
Store/Get data chunks
Mount drive and perform read/writes
Improved rUDP with encrypted bootstrap process
Enabled Caching
Messaging and public shares
Task breakdown
Vault
Allow free Put & remove Delete functionality
Enable Caching
Account Transfer Implementation (Data Manager/Pmid Manager)
Version Handler Refactor
Finalise MAID APIs
Vault Creation Manager/Handler- storing PMID/ANPMID and creating vault configuration file with wallet address
Mpid Persona Implementation & public shares
Finalise MPID APIs
RUDP
Rudp fixes
Encrypted bootstrap process
Routing
Enable / Test Caching
Encrypted bootstrap process
API
Example codes
Drive testing and benchmarking against current Vault network
Installation & Configuration
Vault Manager
Bootstrap handler
Update Installer
Update Manager
Milestone 2
Features
Safecoin implementation - test_safecoin
More security built around persona groups
Interleaved/Separate Control channel for rUDP - Fast and better dynamic reconfiguration
Task breakdown
Vault
Implement Shadow group across all required personas
Safecoin implementation
Vault Creation Manager/Handler- Network assigning pmid keys
Upgrade to RSA 4096 bit encryption
Obfuscate chunk on disk
Routing
Guarantee message source per hop
Different keys on all layers Rudp/Routing/Vault
RUDP
Different keys on all layers Rudp/Routing/Vault
Congestion control / WiFi testing
Interleaved/Separate Control channel
Milestone 3
Features
Safecoin
Ranking and Archiving
System wide resource management
Task breakdown
Vault
Design / Implement Client to act as MaidManagers
Ranking implementation
Archiving implementation
Network segmentation handling
resource management
Routing
Network segmentation tests
Ongoing tests
Drive testing and benchmarking against Vault network
Distributed rUDP tests and benchmarking
Router testing (Hole punching)
Routing Ack testing
More churn tests
Scalability tests
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
As you all know, the crowd-sale has been unbelievably successful. It has now fully completed - any further bitcoins received by the crowd sale will be refunded.
The master protocol team have worked wonders, and as a result we are currently in the process of transferring MaidSafeCoin. We're liasing closely with them to ensure this goes as smoothly as possible.
The initial test transactions have been completed successfully and we're starting to push through the actual MaidSafeCoin. It will probably take another few hours to complete all transactions, but the initial ones should be visible on the blockchain as of now (00:25 UTC, 25/04/14).
The orders can be tracked on https://masterchest.info/ and we'll be updating our Google document spreadsheet as frequently as possible. Apologies for the delay in getting the MaidSafeCoin out, and thanks to everyone involved for your patience.
The master protocol team have worked wonders, and as a result we are currently in the process of transferring MaidSafeCoin. We're liasing closely with them to ensure this goes as smoothly as possible.
The initial test transactions have been completed successfully and we're starting to push through the actual MaidSafeCoin. It will probably take another few hours to complete all transactions, but the initial ones should be visible on the blockchain as of now (00:25 UTC, 25/04/14).
The orders can be tracked on https://masterchest.info/ and we'll be updating our Google document spreadsheet as frequently as possible. Apologies for the delay in getting the MaidSafeCoin out, and thanks to everyone involved for your patience.
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
In one moment it was saying that 400 BTC were still missing in the other its over?
So its over now, not possible to buy from the exodus anymore?
So its over now, not possible to buy from the exodus anymore?
Thank you for participating in this crowd sale.
The BTC part of the sale is now complete.
Please note that any BTC sent from this point on will now be refunded.
http://www.safecoin.io/
cheers!
maidsafe
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
I strongly suggest that people do their homework before making accusations. more information available at
Site: http://maidsafe.net/
Source code: https://github.com/maidsafe
Blog: http://blog.maidsafe.net
Video: http://www.youtube.com/watch?v=RdGH40oUVDY
Press: http://www.forbes.com/sites/kashmirhill/2014/04/08/beyond-bitcoin-crypto-ownership-companies-hope-youre-ready-to-decentralize-everything-on-the-internet/
http://www.coindesk.com/decentralized-internet-project-maidsafe-raise-funds-via-safecoin-sale/
http://launch.it/launch/maidsafe-sells-6-million-of-bitcoin-20-software-in-five-hours
http://www.coinssource.com/maidsafe-storms-in-with-6mil-in-funding/
David Irvine's response to the Missing Gox Coins Flowing into Maidsafe IPO?. more details will be available.
On Thu, Apr 24, 2014 at 3:43 PM, Hearty <nigel...@gmail.com> wrote:
If these can be confirmed as stolen
David Irvine:
I think this is the most important part. If we were to falsely accuse somebody here it would be terrible. I really would like to get some bitcoin devs opinion. I have seen many times on [Suspicious link removed]tories of I know this and "I am a genius" statements, for the core devs to come on and show the opposite. We definitely do not want to make innocent people feel criminal, it would be against the very thing I stand for. If, however, we did find impropriety then we the community can discuss it. We need solid advice though.
On Thu, Apr 24, 2014 at 4:07 PM, William Chung <wyw....@gmail.com> wrote:
The problem is that the 'tainted' MSAFE coins could have been traded on the exchange and purchased by someone completely innocent by the time they are redeemed for safecoins.
David Irvine:
Yes this is all the way bitcoin etc. works, when the transfer happens then it's done. If we start to try and chase these down we risk making people very wary of taking btc as payment for anything. This is an area the community can find itself in real trouble. Treading carefully is an understatement as the political ramifications of this kind of thing would be very bad for the crypto currency community.
We need to be sure we all know (me especially) without doubt we have concrete evidence of any such wrongdoing at all.
On Thu, Apr 24, 2014 at 4:46 PM, <dan.mat...@gmail.com> wrote:
As people are now posting on reddit and bitcointalk this appears to be Bitstamp's wallet.
--This Confusion Happened Before
http://www.reddit.com/r/Bitcoin/comments/1yxxgf/the_posted_address_with_a_transfers_totaling/
David Irvine:
Whoever sent this shouldn't have sent funds from Bitstamp anyway since they don't control the keys.
I hope this is the case. I know we have refunded a bunch of people who did that. That allows them to try again if they wish anyway. I have seen this kind of story a lot and it is always followed by a reason to regulate pitch. Not that I think cry wolf but bitcointalk is full of way out there accusations at times, which is a shame. It is a great resource if used properly.
I am sure this will all unfold as time moves on. The bitcoin devs would be pouncing I think if it were likely as that would be damaging to us all.
from https://groups.google.com/forum/m/#!topic/maidsafe-development/VCNag86iD9w
Site: http://maidsafe.net/
Source code: https://github.com/maidsafe
Blog: http://blog.maidsafe.net
Video: http://www.youtube.com/watch?v=RdGH40oUVDY
Press: http://www.forbes.com/sites/kashmirhill/2014/04/08/beyond-bitcoin-crypto-ownership-companies-hope-youre-ready-to-decentralize-everything-on-the-internet/
http://www.coindesk.com/decentralized-internet-project-maidsafe-raise-funds-via-safecoin-sale/
http://launch.it/launch/maidsafe-sells-6-million-of-bitcoin-20-software-in-five-hours
http://www.coinssource.com/maidsafe-storms-in-with-6mil-in-funding/
David Irvine's response to the Missing Gox Coins Flowing into Maidsafe IPO?. more details will be available.
On Thu, Apr 24, 2014 at 3:43 PM, Hearty <nigel...@gmail.com> wrote:
If these can be confirmed as stolen
David Irvine:
I think this is the most important part. If we were to falsely accuse somebody here it would be terrible. I really would like to get some bitcoin devs opinion. I have seen many times on [Suspicious link removed]tories of I know this and "I am a genius" statements, for the core devs to come on and show the opposite. We definitely do not want to make innocent people feel criminal, it would be against the very thing I stand for. If, however, we did find impropriety then we the community can discuss it. We need solid advice though.
On Thu, Apr 24, 2014 at 4:07 PM, William Chung <wyw....@gmail.com> wrote:
The problem is that the 'tainted' MSAFE coins could have been traded on the exchange and purchased by someone completely innocent by the time they are redeemed for safecoins.
David Irvine:
Yes this is all the way bitcoin etc. works, when the transfer happens then it's done. If we start to try and chase these down we risk making people very wary of taking btc as payment for anything. This is an area the community can find itself in real trouble. Treading carefully is an understatement as the political ramifications of this kind of thing would be very bad for the crypto currency community.
We need to be sure we all know (me especially) without doubt we have concrete evidence of any such wrongdoing at all.
On Thu, Apr 24, 2014 at 4:46 PM, <dan.mat...@gmail.com> wrote:
As people are now posting on reddit and bitcointalk this appears to be Bitstamp's wallet.
--This Confusion Happened Before
http://www.reddit.com/r/Bitcoin/comments/1yxxgf/the_posted_address_with_a_transfers_totaling/
David Irvine:
Whoever sent this shouldn't have sent funds from Bitstamp anyway since they don't control the keys.
I hope this is the case. I know we have refunded a bunch of people who did that. That allows them to try again if they wish anyway. I have seen this kind of story a lot and it is always followed by a reason to regulate pitch. Not that I think cry wolf but bitcointalk is full of way out there accusations at times, which is a shame. It is a great resource if used properly.
I am sure this will all unfold as time moves on. The bitcoin devs would be pouncing I think if it were likely as that would be damaging to us all.
from https://groups.google.com/forum/m/#!topic/maidsafe-development/VCNag86iD9w
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
IF it is bad behaviour then I am all in favor of stopping it as it harms the community for sure. We do need to be 100% though and the core team can help.
from dirvine
from dirvine
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
waiting a response ASAP
Mtgox Bitcoins are being invested here:
Karpeles is that you?
Seems legit because someone with 64,000 Bitcoins is investing in this:
https://blockchain.info/es/address/1KHfLixa2idRnZXMUfEisBati1vpywaH6E?offset=400&filter=0
https://blockchain.info/es/address/1KzHa54Qt7V75VmEsSjP2MddPxb7Mwr1fc
https://blockchain.info/es/address/1Hi2bwsu3W3h7UDrbNUuxRG4x4s4HxtWo7
https://blockchain.info/es/address/1BH8FS6Yd9WvPZ1LDDWNpqXdzX8Q3freL9
https://blockchain.info/es/address/1KGA7TLtUwjZuM5fyyYwGXfviPJdVCc8rY
https://blockchain.info/es/address/1TCEZsNRhcmx4jBtZr7jt1yM59dJXZKoe - 64,000 BTC
Something smells rotten here
https://blockchain.info/es/address/1KHfLixa2idRnZXMUfEisBati1vpywaH6E?offset=400&filter=0
https://blockchain.info/es/address/1KzHa54Qt7V75VmEsSjP2MddPxb7Mwr1fc
https://blockchain.info/es/address/1Hi2bwsu3W3h7UDrbNUuxRG4x4s4HxtWo7
https://blockchain.info/es/address/1BH8FS6Yd9WvPZ1LDDWNpqXdzX8Q3freL9
https://blockchain.info/es/address/1KGA7TLtUwjZuM5fyyYwGXfviPJdVCc8rY
https://blockchain.info/es/address/1TCEZsNRhcmx4jBtZr7jt1yM59dJXZKoe - 64,000 BTC
Something smells rotten here
Mtgox Bitcoins are being invested here:
Karpeles is that you?
I just came across this a few mins back. I am not quite sure what it means. Are these stolen coins? and what does it mean. Is there a way to stop them or perhaps even block the MSAFE whilst it is still a digital asset. I will speak with the MSC guys, I think we need more info though. It feels a bit like a supposition. If some bitcoin core devs could pitch in and work with us it would be great. Gavin for instance. Is it possible to shout out to him?
I have seen this sort of thing a lot and many times Gavin and co can provide more info and even investigation. IF it is bad behaviour then I am all in favor of stopping it as it harms the community for sure. We do need to be 100% though and the core team can help.
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
You guys are all talking about tech specifications. No one cares about morality, about what they have done.
I'm going to assume that individual users data will be encrypted, split and then distributed to the network, so that no single farmer will be hosting a complete copy of an individual users data. This will mean that any individual farmers drive will contain a mix of random chunks of various users data. This also means that no farmer will be hosting complete copies of illegal content, (hopefully, otherwise in deep shit) but will open up all MS farmers/users and MS itself to government/law-enforcement scrutiny on this point.
I really cant see law enforcement allowing MS to roll this out without providing a backdoor for them to access/check content, but allowing a backdoor will kill the central points of security and anonymity. Has MS given any thought to this?
Yes, the data is always encrypted chunked compressed and obfuscated. A huge part of the crowd sale was the importance of making this a global community. So the community are now taking over, creating their own forums etc. We will assist in setting up international independent dev pools. This is our best protection as the code becomes more community owned and importantly community driven. When we have devs from all over the place working on the core then we will be protected against such issues. I would hope if MaidSafe were forced to put in a backdoor
1: I would certainly quit immediately
2: I think many, if not all staff would do likewise
3: The community would detect this and ban us from any repository immediately.
I have said to many people this is evolution, you cannot stop evolution. We all need to change our ways as new tech happens (bitcoin for instance). Sometimes the harder the man pushes the tougher the crowd becomes. I think natural evolution will give us a free Internet and this is our shot at it. Somebody else may do it better and that is cool, as long as it happens.
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
I have a question:
MaidSafe is, in theory, going to provide an encrypted, p2p distributed dropbox functionality, correct?
So how is MS going to provide guaranteed 24/7 access to clients data?
Farmers will provide storage space, and recieve SafeCoin as an award, but these guys are mostly not going to be IT pro's who can guarantee 99.9% uptime.
How will MS deal with a farmer that drops out, taking the stored MS data on his/her hard drive with them ?
The only option that I see to come close to guaranteeing 100% uptime of individual clients data will be to stripe/mirror that data over multiple farmers, but even that still doesn't give 100% certainty that all of the data will be online and accessible at any given moment, and will massively increase the amount of storage needed on the MS network.
Anyone have any idea how this will be implemented?
MaidSafe is, in theory, going to provide an encrypted, p2p distributed dropbox functionality, correct?
So how is MS going to provide guaranteed 24/7 access to clients data?
Farmers will provide storage space, and recieve SafeCoin as an award, but these guys are mostly not going to be IT pro's who can guarantee 99.9% uptime.
How will MS deal with a farmer that drops out, taking the stored MS data on his/her hard drive with them ?
The only option that I see to come close to guaranteeing 100% uptime of individual clients data will be to stripe/mirror that data over multiple farmers, but even that still doesn't give 100% certainty that all of the data will be online and accessible at any given moment, and will massively increase the amount of storage needed on the MS network.
Anyone have any idea how this will be implemented?
Exactly.
If you consider the fact that the competition for money will centralize all the network in few locations with the best performance and highest bandwidth (like in all crypto), you can be sure that there is a risk of losing data.
The Proof of Resource calculations appear to incentivize Quality of Service, so an unreliable node will tend to be avoided. Furthermore, there is a level of replication such that even if nodes fail, the data will always be available in other nodes. 100% guarantee however is likely not possible. I think however we are working with very low probabilities here with the data being striped and mirrored.
Excellent opinion, all of the network is a probability matrix really. I suppose all crypto is as well. The key as you rightly point out is to make the probability of loss or collision so low it is negligible over a huge timescale. It is hard to get your head around this for some people, me included at the start, as you think cpu == 100% correct math all the time. It's just not true in real life, everything is a probability and this is an excellent point, well made.
Thanks (btw address space is 2^512 so larger than the number of atoms in visible universe almost squared, not always good to use that number but a good starting point in the thought process)
For BTC backers:
We're feeding this into a Google Drive spreadsheet here: https://docs.google.com/spreadsheets/d/1r4fv57JDNkW55P5dnwPmHF3rOhdt1Jn5I2DZFuZfmfU/edit?usp=sharing
We're feeding this into a Google Drive spreadsheet here: https://docs.google.com/spreadsheets/d/1r4fv57JDNkW55P5dnwPmHF3rOhdt1Jn5I2DZFuZfmfU/edit?usp=sharing
I sent them 1BTC on Tuesday and have not received any coins, unless I'm being completely retarded and have missed them some how. How am I meant to view the coins? If I type the sending address or transaction ID into blockchain or masterchest no Safecoins show up. Can anyone help?
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
For more information: http://maidsafe.net/
Safe is the Decentralized Internet? It is how to achieve? What time launch?
[/quot]
[/quot]
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
For BTC backers:
We're feeding this into a Google Drive spreadsheet here: https://docs.google.com/spreadsheets/d/1r4fv57JDNkW55P5dnwPmHF3rOhdt1Jn5I2DZFuZfmfU/edit?usp=sharing
We're feeding this into a Google Drive spreadsheet here: https://docs.google.com/spreadsheets/d/1r4fv57JDNkW55P5dnwPmHF3rOhdt1Jn5I2DZFuZfmfU/edit?usp=sharing
Safecoins are a completely separate currency? Not running on top of Bitcoin?
Yes. Runs on its own network and some equivalent of a block chain.
In this IPO round, appears that $6-$7 million was raised. (It could actually be less if you factor in price of MSC after the sale).
So the float is miniscule relative to other alt-coins.
And I am guessing the IPO is over?
The IPO is still going until up to 7341BTC
https://bitcointalk.org/index.php?topic=579797.0
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
Q&A
Q 1
Is the MSC funds sent after the IPO closure for MSC qualified for getting safecoins?
No on the CLOSE order all funds are allocated. The protocol works like this, after CLOSE there are no more issues of MSAFE.
Q 2
what do you mean that "BitAngels have already said they will honour some of the MSC guys who did miss out"?
They have actually sold some people their own MSAFE to appease people very aggrieved. Not to be used as some other sale though, this is just a decent and very honourable thing they have done.
Q 3
what is the development timeline? When the backers can expect working version.
Test net1 imminent likely to be 5-6 weeks. We may have three of these, depending on test resutls etc. Also depending on number of devs we can get involved in any code fixes etc.
Q 4
Financially transparent:what features the money will be used?
Not sure what this means, sorry. The moeny is to be used though
1: fund maidsafe 3 years at current burn as long as they provide core dev
2: Fund international developement teams to compete with maidsafe engineers on core dev
Described in more detail in white paper though.
Q 5
what is reason of that there are two Sent transactions from the IPO MSC address https://masterchain.info/Address.html?addr=1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwu¤cy=MSC?
We answered this a lot in lots of places. A transaction was sent form the issue address to a loan address by mistake, you can see it moving out again pretty quickly. Otherwise it would have been a system taint as you should never reuse MSC to issue a smart property. You can but it is very much frowned upon and very bad as it would mess up auditing for everyone.
Q 1
Is the MSC funds sent after the IPO closure for MSC qualified for getting safecoins?
No on the CLOSE order all funds are allocated. The protocol works like this, after CLOSE there are no more issues of MSAFE.
Q 2
what do you mean that "BitAngels have already said they will honour some of the MSC guys who did miss out"?
They have actually sold some people their own MSAFE to appease people very aggrieved. Not to be used as some other sale though, this is just a decent and very honourable thing they have done.
Q 3
what is the development timeline? When the backers can expect working version.
Test net1 imminent likely to be 5-6 weeks. We may have three of these, depending on test resutls etc. Also depending on number of devs we can get involved in any code fixes etc.
Q 4
Financially transparent:what features the money will be used?
Not sure what this means, sorry. The moeny is to be used though
1: fund maidsafe 3 years at current burn as long as they provide core dev
2: Fund international developement teams to compete with maidsafe engineers on core dev
Described in more detail in white paper though.
Q 5
what is reason of that there are two Sent transactions from the IPO MSC address https://masterchain.info/Address.html?addr=1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwu¤cy=MSC?
We answered this a lot in lots of places. A transaction was sent form the issue address to a loan address by mistake, you can see it moving out again pretty quickly. Otherwise it would have been a system taint as you should never reuse MSC to issue a smart property. You can but it is very much frowned upon and very bad as it would mess up auditing for everyone.
Why would anyone pay for Nxt?
Haven't people heard of Bitcoin?
Because NXT has a completely different feature set than bitcoin and is designed to be a multi-currency payment platform where Bitcoin is more suited to be a crypto-commodity.
What advantages does Maidsafe have over I2P?
Because Safecoin has a completely different feature set than I2P and is designed to be a multi-purpose P2P platform where I2P is more suited to be a commodity P2P.
you guys can go the IPO thread to discuss and get timely information.
IPO thread: https://bitcointalk.org/index.php?topic=579797.0
site: http://maidsafe.net/
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
1KHfLixa2idRnZXMUfEisBati1vpywaH6E：
Balance: 5193.73908912 BTC
Sent: 902.3115892 BTC
Received: 6096.05067832 BTC
Sent: 902.3115892 BTC ，what happen？
Balance: 5193.73908912 BTC
Sent: 902.3115892 BTC
Received: 6096.05067832 BTC
Sent: 902.3115892 BTC ，what happen？
It looks like they moved some coins already. They're running to Monaco. JK
The project looks very interesting and ambitious ,but still need more people recognize the value.
thanks. for more information:
IPO thread: https://bitcointalk.org/index.php?topic=579797.0
site: http://maidsafe.net/
Where can I view the technical details of Proof Of Resource? The whitepaper is very vauge about it.
IPO thread: https://bitcointalk.org/index.php?topic=579797.0
site: http://maidsafe.net/
you guys can go the IPO thread to discuss and get timely information.
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
In the spirit of The More Open, The More Confident, i post Dirvine's email publicly.
Many large MSC investors ended up with way more MSAFE than they calculated, due to the bonus etc. They see that this is great for them, but potentially it is better that MSAFE is in more hands and the dev pods etc. are a vital component to ensure the future of the network is improved by getting there faster and with more people. I do hope to post an update on this, it's delicate and I am wary of anyone getting the wrong idea etc, (it is pretty easily done from what I have seen so far) but it is all on the blockchain and under public record, which is one good point.
We are deep in discussion though and hope to have an answer soon. I know we have people watching us and wanting to be part of development and get this thing moving. So conflicted but hopeful is what I would say. I think we can achieve the most effective result, as long as we are open and keep folk updated at each step.
I am glad BitAngels sorted out people who had issues with the speed of the MSC closing and I am glad they did. It was a blur for sure, but one I feel will never be repeated as we know the Master Protocol can actually be used to state clearly X% BTC and Y%MSC for others following us. Not simple but this was a good outcome, when faced with that speed of an issue it is amazing what you can think of.
No excuses for picking the wrong MSC price though, it cost us dearly and it seems that it strongly encouraged people to convert form BTC, even though we all went in BTC and I repeated it was a BTC sale primarily to everyone I spoke with. I encouraged people to not convert, but I think in retrospect the upside was just too attractive and the MSC price never increased as I thought (and was agreed by everyone involved) it might when people seen it being used for the utility it was designed for (smart property). I hope that does happen over time though and when the dust settles I hope people see how valuable this MSC protocol is.
Just realised this was a PM, feel free to post this publicly, we try to do as little as possible privately.
Thanks though.
what do you mean that I would hope we can offer more than 6700 BTC？
Many large MSC investors ended up with way more MSAFE than they calculated, due to the bonus etc. They see that this is great for them, but potentially it is better that MSAFE is in more hands and the dev pods etc. are a vital component to ensure the future of the network is improved by getting there faster and with more people. I do hope to post an update on this, it's delicate and I am wary of anyone getting the wrong idea etc, (it is pretty easily done from what I have seen so far) but it is all on the blockchain and under public record, which is one good point.
We are deep in discussion though and hope to have an answer soon. I know we have people watching us and wanting to be part of development and get this thing moving. So conflicted but hopeful is what I would say. I think we can achieve the most effective result, as long as we are open and keep folk updated at each step.
I am glad BitAngels sorted out people who had issues with the speed of the MSC closing and I am glad they did. It was a blur for sure, but one I feel will never be repeated as we know the Master Protocol can actually be used to state clearly X% BTC and Y%MSC for others following us. Not simple but this was a good outcome, when faced with that speed of an issue it is amazing what you can think of.
No excuses for picking the wrong MSC price though, it cost us dearly and it seems that it strongly encouraged people to convert form BTC, even though we all went in BTC and I repeated it was a BTC sale primarily to everyone I spoke with. I encouraged people to not convert, but I think in retrospect the upside was just too attractive and the MSC price never increased as I thought (and was agreed by everyone involved) it might when people seen it being used for the utility it was designed for (smart property). I hope that does happen over time though and when the dust settles I hope people see how valuable this MSC protocol is.
Just realised this was a PM, feel free to post this publicly, we try to do as little as possible privately.
Thanks though.
Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
Hi Dirvine/Maidsafe,
"BitAngels have already said they will honour some of the MSC guys who did miss out"
In your post you mentioned the above, can you please exapand on that.
"BitAngels have already said they will honour some of the MSC guys who did miss out"
In your post you mentioned the above, can you please exapand on that.
Yes BitAngels have proven themselves here for sure. Their honesty and integrity were shown to us in this process. I cannot go into too much info about earlier post as it would not be fair to presume. All I would say is that this is a new world and BitAngels and the Master Protocol team can provide a great service with the ability to balance out any teething problems quickly. If you do a crowd sale these are the guys to work with. I will blog about the experience we had and are having.
I would like to ensure we can ensure the network efforts that need to happen now, can and soon. This means more developers and not maidsafe developers, but new people in new teams all working in unison, but competitively (in terms of the core dev pool). I hope that helps. It is best to assume this sale stops at 6700 BTC, but we may be able to do better for these teams.
This structure though is discussed in the white paper and on my blog. I think it's of huge importance.
Are you saying it's possible I will still be able to buy in with my Mastercoins? When will we know?
thanks for your supports.