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RE: Decentralizing the Internet: Maidsafe

in #cryptocurrency8 years ago (edited)

Store MAIDs in a normal bitcoin offline wallet (bitaddress.org), you can use the omni protocol to see and move the maidsafecoins (omniwallet and omniexplorer).

Re Storj, they are apples and oranges. It is a bicycle vs a space rocket, there is no point in drawing any comparisons. The fact that you can store data on SAFE is almost incidental. What we are talking about is a truly resource-based economy, with a coin that is a burnable utility you'll need to use to store or serve immutable and censor resistant data efficiently and reliably. And their new take on consensus is a huge evolutionary step from blockchain solving all of its issues - no mining, no scaling issue, no fees, no confirmations so instant txs, and all txs are totally private and secure by default (true digital cash). They will be able to do smart contracts like Eth. Most importantly, you can't turn it off... and it's censor resistant. Do the maths kids. What will happen when a silk road etc appears on there and it can't be turned off and there's no blockchain to track money? They say no publicity is bad publicity. If SAFE works it will end up getting A LOT of press and hitting a lot of headlines for obvious reasons, anyone can put stuff up and no one can take it down.

This was a good intro article, but I'd like to see a deeper look at what is probably the most interesting project in crypto, despite the hype bubble around lesser projects that have working software in the wild.

I'd really like you to take a closer look down this rabbit hole and write a part 2 to this article.

And FYI, Maidsafe stands for Massive Array of Internet Discs (a play on RAID), and Secure Access For Everyone. When it is launched it will just be SAFEnet and SAFEcoin though.. much sexier and cooler ;)