MaidSafe COO Reflects on Lessons Learned from Crowdsale
MaidSafe was founded in 2006, when founder David Irvine, a former IT consultant, decided to create a new platform to improve Internet security. Computers running MaidSafe talk to others on the network to create a large storage array (the firm's name stands for 'Massive Array of Internet Disks, Secure Access for Everyone'). Participants can choose how much storage they provide to the network, or can choose to use the system while providing none at all. Any storage allocated is used by the network to store encrypted portions of other users' files. It has now been over two months since....
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MaidSafe has recruited over 500 developers for its up-and-coming network launch, according to a press release released Friday. MaidSafe expects to start testing the network soon–a process that will last a few months. Project SAFE (Secure Access for Everyone) has been called the “Bitcoin for data” or the “Bitcoin for the Internet.” The announcement of MaidSafe’s rapid development, after last month’s crowdsale, could be viewed as another baby step towards a decentralized Internet. The developers span “many backgrounds, nationalities and interests” and have started crafting a variety of....
The current lull in the price of bitcoin is an opportunity to reflect on lessons learned during these experiences.
Eight years ago, David Irvine launched a company with modest ambitions: to decentralize the Internet. MaidSafe aims to offer an alternative to the widespread use of servers: a decentralized data network on which decentralized applications can be built. The Scotland-based platform held a successful crowdsale to raise funding earlier this year, netting $6m in under six hours. Five hundred developers, MaidSafe says, have since joined its ranks. Decentralization is a persistent theme that has surfaced again and again in the cryptocurrency community, but Irvine has his own unique take on the....
Bitcoin mining is an industry that has evolved immensely and there’s much to be learned from that journey.
The lessons to be learned from bad investments are the same lessons that lead people to believe in Bitcoin.