04-28-14 -- David Irvine +Bonus - Dan Larimer +Bonus (MP3 & VIDEO LOADED)
David Irvine (CEO and Founder of MaidSafe.Net) comes on the show to provide an update on SafeCoin.io and MaidSafe Launch last week - Dan Larimer (Founder of Bitshares) discusses the vision of Bitshares (peer to peer polymorphic digital asset exchange
Monday, April 28, 2014
Time: 220:0 Mins and Secs
increase of hash-power in the pool is considered to be a good thing, reaching
51% of all hashing power is serious threat to the bitcoin community. GHash.IO
will take all necessary precautions to prevent reaching 51% of all hashing
power, in order to maintain stability of the bitcoin network.”
David comes on the show to provide an update on the safecoin launch last week...
Safecoin is the crypto currency of the Secure Access For Everyone (SAFE)
The initial sale of Safecoins by MaidSafe, creators of the fully
decentralized platform SAFE, began Tuesday, 22nd of April via purchase
of a proxy token called MaidSafeCoin. Safecoins worth $6 million were
sold within 5 hours of the opening of the sale.
The Safecoin/MaidSafeCoin crowd-sale was expected to continue for 30
days but the unprecedented success of the crowd sale in the opening
hours was a huge surprise, says MaidSafe CEO David Irvine.
“This is the first sale of this magnitude by any company or foundation
using the Mastercoin Protocol and it appeared that Mastercoin purchases
were going through more quickly than Bitcoin purchases (which needed to
be converted to Mastercoin), with no value fluctuation risk as the terms
of 17,000 safecoins per Bitcoin were set and adhered to rigorously,”
“In order to be fair to the Bitcoin purchasers, we bought the final $2
million with Mastercoins so we could have a more orderly, fair chance at
getting safecoins to everyone who tried to get in the first day.”
To enable privacy, security and anonymity to all Internet users, the
SAFE network decentralizes all web services currently available today by
removing servers and other central points of weakness. SAFE network
preserves privacy by shredding, encrypting and distributing data and
using it to generate keys for self authentication. The data is stored on
the distributed network and the user’s computer acts as a node, very
similar to the concept of Blockchain.
According to the website, Safecoin is a fair and transparent way of
giving end users, developers and backers the opportunity to get involved
with SAFE network. Safecoins may be earned, traded or purchased and a
total cap of 4.3 billion will be generated.
(Ernest: 90 Minutes Bonus Info on Bitcoin that we should all be aware of... IMHO)
MaidSafe Technology Overview - Short:
.....safecoin is the crypto currency of the SAFE (Secure Access For Everyone) network.
The SAFE network takes all the Internet services currently
available today and decentralizes them, removing servers and other
central points of weakness enabling privacy, security and anonymity to
all Internet users for the first time.
safecoin is a fair and transparent way of giving end users, developers and backers the opportunity to get involved with SAFE network. safecoins may be earned, traded or purchased and a total
cap of 4.3 billion will be generated.