On this blog I’ve repeatedly stated that the biggest problem facing MaidSafe isn’t the network (even though they can’t seem to get anywhere close to completing it), but the coin. First and foremost, because it’s damn difficult. Second, as far as I can tell they’ve no cryptocurrency or economics experts, and the community is even […]

Another year, nothing to show

The latest MaidSafe development update makes it official: user-hosted vaults will not be available for testing this year. Routing and vaults are nowhere close to being ready for alpha testing. Guess which two modules matter to user-hosted vaults? That’s right, those two. Put another way, weeks ago it should have been obvious that the both […]

Obliviate Safecoin!

One thing that never ceases to amaze me is the MaidSafe community’s ridiculous proclamations of Safecoin’s superiority over bitcoin which can be roughly classified in two groups: Safecoin is better for the environment because it does away with the wasteful Proof of Work Safecoin is untraceable, trustless and anonymous I wrote about the former on several […]

Community forum expert: MaidSafe can operate out of Outer Space

As with most crypto-(something) projects, real or potential legal issues are, or can anytime become, a problem. But MAID investors shouldn’t worry, because that doesn’t apply to MaidSafe and the SafeNet. Before I touch upon the latest one, I’ll briefly mention previous issues: The botched initial coin offering (ICO). Not many are complaining because MAID […]

MAID sinks to long term resistance

Just yesterday I was looking at the Poloniex BTC-MAID chart and wondering whether the slip below 9xxx meant it would soon drop to its long term support of 7xxx. It happened much sooner than I thought – as in “within less than 24 hours”.  Currently the doomed coin is trading at 7790 satoshi. The chart […]

MAID sinks below 10,000 satoshi

I’ve been saying all along, MAID was going to crash to the pre-hype levels. After trying, and failing, to recover from the multi-month dump it’s re-entered sub-10k satoshi zone. MaidSafe did really well for themselves, selling craploads of MAID on the way up. The buy-and-hold fans less so. I don’t know who was buying to let this […]

MaidSafe community experts dismiss legal concerns

In this hilarious exchange between a user and resident pumpers (forum admins), the admins and the MaidSafe simpleton John Ferguson explain why MaidSafe Hong Kong will not be impacted by the new cybersecurity law in China. BigBTC asks: On the surface this looks good for Maidsafe but “It further requires network operators to provide “technical […]