Why safecoin instead of Bitcoin?

[anon81773980]

Came here to say this. It is a phenomenal system, and I fully invest into this idea.

Dully noted on those who do not understands what atomic network means, more info below.

How does MaidSafe solve double-spending?

Ok, how about this: Is a coin that is generated and protected by the SAFE network and stays on the SAFE network (It of course can be copied as it is data, but off-network copies are of no value as a coin). Wallets will actually ask the network what their balance is and allow transactions to happen. The network can confirm and exchange coin ownership via a digitally signed authority from the coins last owner. This operation is ‘network atomic’ which basically means the network will make sure all…

and

How does MaidSafe solve double-spending?

Maidsafe is a distributed store of key → value pairs. Every key->value pair (KVP) is signed that it is owned by X user. The KVP is encrypted by the end user in such a way that it can not be owned/viewed/modified by any other user. That KVP is linked to a particular user. Because of the self encryption used, if a user has access to a particular KVP not marked as public, it can be accepted that that particular user owns that data and that no one else can possibly have it (deduplication prevents i…