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Their marketing is interesting. Always talk of this little town but with far flung experts in all these fields. It sets up your interest level quite a bit.
I won't contrast it with how Dan goes into the origin of his idea, but perhaps a bit of consideration in that area could be useful.
I agree!
How time flies! summer is coming!!!
I still remember someone said that we would be happy this spring. But I'm not, at all.
I just had my driveway repaved.
About halfway through the task the contractor's paving equipment broke.
All that hot asphalt had to be roughly spread on the rest of the driveway by hand.
Then we had to drive over that mess for a week while the equipment was being repaired.
I wasn't happy. Not at all.
But they came back and finished the job.
The driveway is much thicker than it would have been.
Everything is smooth and beautiful.
Now I am happy. I hardly remember the time when I was unhappy.
ebit,
Did you sent 'thank you' PTS to some addresses or it was a mistake too?
If not a mistake - I do not know if you are sending them to those that tried to help to resolve the issue or those slammed by the extra-large donation (as I believe I qualify for both)
But in either case - Thank you!!
EVERYTHING with an existing meaning is regulated...
Sending them back to the thief? That makes no sense. They should either be sent to the bankruptcy court, destroyed as dividends to bitcoin holders, or used for development of maidsafe... the only thing that must not happen is the issuance of Safecoin to the thief.
I think maidsafe could sent the "stolen coin" to mtgox.
Then give market more ipo.
As Dan Larimer (founder of Bitshares) answered to suggestion's like that:
"Sending them back to the thief? That makes no sense. They should either be sent to the bankruptcy court, destroyed as dividends to bitcoin holders, or used for development of maidsafe... the only thing that must not happen is the issuance of Safecoin to the thief."
https://bitsharestalk.org/index.php?topic=4090.135
Yes , this is good idea.
No it's not, it's by far the stupidest idea yet.
What if one of those intermediary addresses between the "stolen mtgox coins" address and the MaidSafe address is an exchange? The thief dumps some coins on an exchange, and some innocent third party withdraws coins later on and "invests" inScamSafeMaidSafe. Now MaidSafe hold the coins hostage (not that anyone investing has a signed GPG contract with some indication as to what remedies are available or what arbitration could be accepted) and the poor innocent person is screwed out of their money.
Which is why you should NOT play Bitcoin Police, not even if you believe you have "direct evidence" of someone directly spending coins they have stolen.
the lead developer briefly says that the tokens could be used to pay for extra storage space.
Surly the demand comes from people wanting to use more computer power than they have, and that supply is met by thous with extra computer power selling there spare capacity. The medium of exchange is safecoin?
To my mind its impossible to know if they have a good economic model until we see what people do with the system, will people demand more power than they have (price goes up) or will there be more power than people demand (price goes down).
What could be done with all that processing power? unimaginably virtual worlds? Extremely cheap laptops where you pay purely for what processing power bandwidth you use.
What a great time it is to be alive and see all this unfold and evolve
If they implement bytemaster's advice:
3) charge* users any time they consume more than they produce
* I think it's obvious they must charge safecoins...
how else would it work if you didn't charge users for using resources? If they didn't put that in the white paper it must have been a case of not needing to state the obvious?.... i hope!
The idea of having a token cryptocurrency attached to the system is a fairly recent one, which is why it's not very fleshed out at the moment and not in the whitepaper. In the hangout they did introducing the idea of having a Maidsafe token, the lead developer briefly says that the tokens could be used to pay for extra storage space.
So I guess the first use case will be for users who would like extra storage space, users like myself who currently pay ~2$ a month for Google Drive. We'll see once they actually launch their product.
One thing I don't like though is what bytemaster said about the coin not being divisible. This is not good for transactions, as an appreciation in the coin value would probably have to be taken into account by scaling the service offered rather than the price for the service, which seems a bit more complicated but not impossible. At time t1 you get 10gb/1year for 1 Safecoin, at a later time t2 you'll get 20gb/year for 1 Safecoin as their value somehow doubled, instead of now paying 0.5 Safecoins for the same service. Does that make sense? Maybe having so many coins this will never really be a problem, and 1 Safecoin will never be worth enough for something to cost less than 1..
how else would it work if you didn't charge users for using resources? If they didn't put that in the white paper it must have been a case of not needing to state the obvious?.... i hope!
Surly the demand comes from people wanting to use more computer power than they have, and that supply is met by thous with extra computer power selling there spare capacity. The medium of exchange is safecoin?
To my mind its impossible to know if they have a good economic model until we see what people do with the system, will people demand more power than they have (price goes up) or will there be more power than people demand (price goes down).
What could be done with all that processing power? unimaginably virtual worlds? Extremely cheap laptops where you pay purely for what processing power bandwidth you use.
What a great time it is to be alive and see all this unfold and evolve
even though the MSC side is closed David Johnston with MSC/bitangels has been responding to posts by angry MSC bagholders by telling them not to worry and to email him because he will "hook them up"
So anyone else who overpaid for MSC and didn't wake up at 3AM for the IPO, email David, maybe he can hook you up.
To improve upon their system I would:
1) eliminate inflation all together and power the network by better unit of account
2) move the responsibility for load balancing and replication to local nodes
3) charge users any time they consume more than they produce
