The pathway to full decentralization will begin with Phase 1, which has a fixed set of permissioned nodes, 39 Members in total, that will run the network and be hosted by the Governing Council Members
At first glance does not sound fully desentralised and autonomous.
Its a faster network ledger than bitcoin, which is its main selling point.
Itās a distributed network of course, but run by 36 central companies and organisations. In my opinion much more insecure than bitcoin, yea a 51% attack in bitcoin is possible but very unlinkley. As a dragon den would sayā¦ Iām out. But I may regret this.
Thatās what Libra is going to be pretty muchā¦ a blockchain technicallyā¦ but only verified by a small number of trusted nodes run by big companies. That just turns me off ideologically but also from a pure technical standpoint it doesnāt sound as secure with only a small number of points you need to attack to bring it down.
Some people I persuaded to buy are in quite a substantial EUR profit. (Compared to current account interest rates)
Iām still not on speaking terms with othersā¦ yet.
I can see why penny stocks can be popular.
Anyone who bought recently at the $0.13 mark are sitting pretty and are strong hands. They wonāt be shaken down. Iām happy I made some people happy with the technology, and the price.
I can see upward momentum building up from here as word of mouth reports on how well their initial investment has gone on a coin called āMaidsafecoinā
As long as they donāt look at the history and catastrophic price melt of the last year .
Maidsafe is about long term, not about penny swapping. If they succeed you could be sitting on a retirement fund or on the ashes of your dreams if it fails.
Itās a gamble and you never know how things will end up.
Would it be possible to elaborate here a bit please? From looking at companies house stuff it seems the sigmoid deal was simply a share swap (where Maidsafe bought Sigmoid for 1/3 of Maidsafe the company(?)) with no fiat involved?
I am quite happily surprised by this. I thought when that whale got beat back at 2k that meant we would not be going above it any time soon. Maybe it is that guy creating some momentum to try to get the average above his big buy.
I am however selling some here. Just thinking how much is in profit from all the time we spent grinding on 1.5k. Trying not to get too greedy here and realize some profits/create a nice little kitty to buy any serious dips if big players cash out on this.
The orderbook is so thin big players canāt cash out without crashing the price to levels where itād kill potential profits. If anything, it looks like a whale trying to manipulate a market with a few little fish buying and selling MAID here and there. Hoping to see more action as we near the next Bitcoin halving, as that always seems to drive speculation and major volatility in price. Unless any major breakthroughs are announced in the meantimeā¦
I donāt know theres 6 or 7 bitcoin up for grabs for people that were buying at 1500. Sure it wonāt empty a mega bag but I could see someone saying Iāll at least take that even if it does not empty my bag. But all in all I agree support is pretty thin. Thatās why I am setting up to buy some nice dips off this. kinda shorting out of my own bag so to speak.
Since the price is doing so well at the moment, I think itās nice to visualize the future global currency SAFECoin in current money around the world at current price at posting thisā¦
Here is what just one, thatās SAFECOIN / MAIDSAFECOIN 1.00 looks like in the following parts
of the globe.
Europe:
USA:
UK:
India:
Switzerland:
China:
Hong-Kong:
Russia:
If you had 1 safecoin in your pocket right now, and dropped it, you would stop to pick it up.
Itās already hard currency.
Sometimes I think to myself if I should be buying gold and silverā¦ falling for the max keiser jibber jabber. The I remember that the SAFENetwork and SAFECoin are backed by data.
I let that sink in when ever I look elsewhere to invest.
Data is the new oil. Humans are too used to data services, we will never go back. SAFECoin is backed by data.
This links with a podcast I was listening to last night. The second person interviewed basically describes SAFENetwork without knowing it and thinks it is where the scene needs to go. Naturally, I agree!
Listen to LTB #411 Grow to Fit by Letās Talk Bitcoin! on #SoundCloud
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