Anonymous ID: 141487 Jan. 31, 2019, 10:20 p.m. No.4985658   🗄️.is 🔗kun   >>9218 >>9223 >>9437

>>4982508

 

Anon, I am not versed in all the technical aspects of Safe. I did spend some time on the site and forums and don't mind digging for more. As I review I will attempt to answer these questions. I'm not a great techie or coder so if you'd like to help out, I'd appreciate it:

 

1) Is a record of original data storage immutable and openly auditable?

2) What is (are) the incentives for vaults (miners) to use computing power on the Maidsafe network as opposed to mining other cryptocurrencies?

3) How insulated are the network and users from potentially unwanted features and "upgrades"?

4) Are there concerns for illegal content in the file storage system, and use of coins for illegal activities?

5) Have the founders and development team insulated themselves from potential future claims from partners or potential litigation or enforcement of penalties from unregistered securities sales?

 

I've asked Bitcoin these questions and more and after being satisfied with the answer, I'm now a maximalist. I'm not listing all of them but I'll start there. If Safe can answer these questions fully unquestioningly and without nuance, I just might invest there too.

 

My final point to close this post. Your reference to BSV being "destroyed" based on its position in an irrational market concerns me because it is silly. And yes, all cryptocurrency markets are currently irrational still. The 2017 bull run/hyperdeflation was based on speculated perceived future value, and very little actual value. One significant system shock will be needed before actual price discovery on any coin. Perhaps mass arrests, or mass asset freezes, or financial system reset, or martial law, or a recession/depression, or something else. The market cap of any given cryptocurrency means very close to absolutely nothing right now - unless there's a cryptocurrency backed by hard assets besides fiat, easily redeemable that I don't know about. And price certainly doesn't guarantee the worth of an unbacked coin's true value. In the future, successful cryptocurrencies will be backed by utility. I don't think any crypto community currently has much intrinsic value based on current user bases and utility. Speculators do not count. There will always be speculators but they mean nothing.