Bitcoin SV now mate (20 char)
You didnât read it did you? Lazy! Here is the main take-away:
This suggests that greater than three hops cannot be secured.
It seems to me that who hasnât read the whitepaper, or hasnât heard what it says, is you.
The theorem starts from the premise that each node in the chain receives a reward for passing the information reason why it is profitable to create intermediate sybil nodes that increase their gain.
But in the safe network the intermediate nodes do not have any gain except the simple good operation of the network. The attempt to introduce sybil nodes only results in an increase of the expense without any benefit. In addition, the random placement system, within the XOR space, makes it useless, even, as a class of attack against the network.
The Reliable Message Delivery assures that every message will be successfully delivered as long as no section in the network is compromised.
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We took legal advice on this before suggesting it. It is perfectly legal. The article seems to be struggling to critique the network technology which it doesnât, but suggests it might not work (fair enough)? Sybil attacks and hops is a bit bogus on our design, each hop sends on a message, they cannot be tampered with (signatures) and we can guarantee based on parsec (BFT) assumptions at least 1 honest node gets the message and send on.
I skimmed the rest, but does not seem as well thought out as previous blog posts.
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our whale buyer seems to have stepped out for now. Wondering if he is reevaluating at what price he can buy all of the loose MAID given a bunch of long term HODLd MAID is going to get released back on to the market with this loan scheme. Personally I am being very cautious to buy at these levels I was previously trying to buy like everything I could at.
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The will be less MAID being released, and more tied up and unable to be sold if the price rises.
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I dunno. we kinda have to speculate a bit on the source of the loaned MAID which is no doubt from a multitude of different people with different strategies. I think a lot prolly came from Americans that had decided well fine if I canât trade anymore Iâll just withdraw my assets from polo and HOLD. Also I think a lot of people were in long term HODL mode anyways and just like âheck ya Iâll take an extra 50% that comes when my selling horizon does anywaysâ In that case we are seeing MAID leak back on to the market that might have never touched it again until it was exchanged for real SAFEcoin.
If itâs coming out of the baskets of daytraders then it has indeed been âslowed down.â As a daytrader myself though, I didnât find such a constricting offer very appealing. I donât think a great number of people that trade regularly suddenly said oh wait I actually wanted a low risk long term strategy.
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Maid was previously being sold to fund ÂŁ170k per month.
Thatâs dropping to ÂŁ60k, so there is less being sold, and more locked up until release than before.
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are you sure they were selling only MAID and not some BTC as well in that rate is my first question.
I do see how short term we might get a rally out of this from whatever amount was being actively traded that got slowed down. Doesnât really change that in the medium/long term we will be seeing MAID that was going to be HODLed enter the market. Previously x amount of long term sell pressure was priced in and now its x + whatever was loaned that would not have ever been sold.
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Post Maxwell in a year? God I hope youâre right because that would be brilliant.
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haha ya good point at least with funding secured the fundamentals are now better. For me I am trying to balance wow that actually worked to secure funding vs oh but the actual fiat is going to come from selling me MAID on the market. Itâs a very dynamic system for sure!
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hey @dirvine since you are now rehiring people maybe you should specify up front you get paid entirely in MAID. Sure they can go sell it on the market right away if they want so it doesnât totally freeze all that MAID again⌠but some would HOLD some. I would take that into account when pricing in whats moving on the market vs whats being HODLed for sure!
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We are not even doing that. Some folk are not in a position to and need security, families/partners etc. Remember many maidsafe staff donât do crypto at all, itâs not their bag to trade etc. They believe in safecoin and what we are doing, but none afaik are into trading or holding btc/maid etc. at all. We do pay some wages in maid.
What we will do is pay Engineers focus solely on launch and be bloody minded about it. I wish to avoid any complexity whatsoever on this, hopefully short, journey to Fleming and beyond. I recon I have another week/2 weeks of meetings to straightening things out, but after that it will be simple as possible business and focus all energy on launch. single minded and extremely focused. the team already have that focus but I have left them alone in the last few days and I need to get back to that asap.
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Nice well at least if you are giving people the option to take some MAID I guess that is no different then paying them all in MAID and they liquidate what they need to and HOLD the rest. Personally I would be more confident in people that did HOLD some MAID. Now they got skin in the game and that never hurts. Not to say those that happen to need 100% fiat are untrustworthy. Just when the employees have stake as a group in meeting goals then the group is more likely to find those extra solutions.
I do think you will get much more value for MAID when you use it to pay wages directly vs try to play the market and get enough fiat so paychecks donât bounce. But I guess that is speculative to. Maybe with Fleming we will see a huge rally and essentially you made a huge buy at 1300 that is now worth much much more.
Well anyways I guess you are doing what you can on this. Back to the drawing board to see if there is a feasible way to refreeze the MAID that in now slated to enter the market. If we canât do that or find more buyers fast I just donât see how we can maintain price. Thatâs basically why I think you get more value if you can spend it directly on something where it doesnât get liquidated right away.
âleakâ is an important word. Iâd like to think dribble is more appropriate. No one will even notice.
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I donât know I am concerned its a big percentage of new coins entering the market. If we just bounce around the same small amount of coins that are not frozen up in long term HODLs the net effect is zero. If you start putting even a few new drops in the bucket the scales can start to tip. 26 mill or whatever it was that got pledged is ALOT of coins âmeltingâ even if just half were from long term HODLs. Right now I think we bounce around like a few mill of the same coins mostly. It wonât happen overnight but this could drastically increase the total amount of coins on the sell side after a while.
Even 20 million is a drop in the bucket over 2 years. 27K coins per day.
Trading volumes are orders of magnitude higher per day.
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but most of the volume might be investors that were just already there playing waves or whatever. Thatâs a few thousand dollars of NEW investment we need to see each day at todays prices. I just donât see the community growing at that rate right now. Got my fingers crossed we see tons of new interest with Fleming but that could go either way. If we donât have some kind of a boom like that soon this will creep up on us after a while.
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remember that every MaidSafe developer has shares in the company and each share will generate 105 MAID as soon as the network starts + dividends in the futureâŚ
Each MaidSafe developer is a potential multimillionaire 
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Are you sure about every one?
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yes, David said they already have a fund for thatâŚ
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