We talked with maidsafe today and will be using our Dns system and they will be consulting with us on the economics of their system.
In the end the mastercoin ipo will be insignificant compared to our partnership potential.
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I figured they would have figured out the economics by now if they're launching an IPO later this month. What are your thoughts on their token-based system vs a system that just uses Bitcoin for escrow? We've thought about the economics of a token-based system for something like MaidSafe/Bitcloud a lot at Bitcloud, but it seems that tokens really complicate things. Here are a few issues:
1) Most people in this space would rather use bitcoins than convert to a new token.
2) A token basically averages out the quality of the storage nodes on the network, so you have low quality nodes and high quality nodes getting paid the same rate. This leads to average quality storage and hosting.
3) Legal implications of profiting off a system that will undoubtedly be used for illegal purposes.
4) How can you increase the value of a token without also having the services paid for with that token become more expensive (for example storage)?