Actually, at their current run rate they will more than likely run out of funds this year if they do not release an MVP to get additional VC funding.
How do you know their financial situation?
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See Nick’s post below which was posted on September of last year.
Also, the purpose of the MVP is to get much needed VC as far as I understand.
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I think your interpretation is right, or at least I would interpret it the same. I’ve always wondered what would happen if building the Safe Network would take longer as the funds allowed.
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Have the devs made any recent statements regarding the above?
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Just as @Powersign assumed they have enough funds, I assume they do not and based my interpretation on what I know about the crowdfunding issues and the posts I shared.
You may request a statement from the dev’s if you choose. I have no need because I am pretty confident the MVP will be released soon because it must.
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Yes I think my statement “regardless of a time schedule” was too lenient.
It would be better of me to say “by the end of the year”, which is moreso realistic to what I believe and to their funding.
Maidsafe is a charity, isn’t it? I’m not familiar at all with their foreign laws but the charity must have some responsibility to post quarterly earnings publicly?
I think they bit off more than anyone can chew. I think that’s the point. I think maidsafe is a starting point, not a destination, and this is evident in some of the team’s recent forum posts.
Some might see this as a bad thing or an indictment of the project / team’s efforts. To me, however, it shows the depth of the vision behind this project. I know that soon, I’ll buy a few KUSD in Safecoin and I think it’ll provide a great return… but suppose it doesn’t?
If it doesn’t, then I’ll still have supported the cause of the most noble and ambitious distributed systems project the web has yet known, and I’m happy to do so.
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Do you mean that they won’t be able to fully complete the network? Any examples of the dev team’s comments?
I believe they’re on track to implement everything they want, however it makes sense to release the network in stages, otherwise we’d be waiting another 2+ years until zksnarks are finally implemented.
The pressure is definitely on them, I think they’re handling it quite well though.
@faddat can speak for himself but I think he meant they have done more than most.
I’m assuming they don’t have to or they would have. Either way, at this point they would be reporting costs and liabilities and not earnings anyway 
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I think that they’ll be able to accomplish incredible things.
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Yeah I haven’t seen anything but I asked anyway. I trust them whole-heartedly, but the dichotomy of building an open network but not posting the charity’s expenses is confusing to me.
Not that it would show much.
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Agreed!
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In terms of cashflow and management of this we post often. There is no limitless cash and we are working on some options right now. There is no immediate danger or similar, but also no requirement for us to show everyone our hand whilst we are negotiating. I really hope there is not a push for us to open up everything whilst anyone we speak to does not require to, it makes the playing field uneven if you see what I mean.
In terms of the foundation, it does have to provide full accounts of all activities and costs to OSCR (Scotland’s charity regulatory body)> am not involved there much as I ensured I was not a trustee of the foundation I created to allow it to follow it’s charitable objects without any influence. I am sure these are published, but I have not had the need or time to look. The foundation is called “The Maidsafe foundation” so I am sure it’s on line. Maidsafe limited certainly has to publish all accounts and I know these are available via companies house in the UK.
So it’s a side issue we are pursuing but really we want to get the MVP out before we enact ou plans. We feel it’s imperative, so all effort is there from the tech team. Nick and several others have a well thought out monetisation and investment plan, but that is not published.
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Keep rocking guys. The second you mentioned SDR, I understood.
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My Ethereum wallet, which I wanted to use today for the first time in a couple of months, is still synching after 8 hours and will probably take a few more, and until then I can’t use it. It just seems ominous when they haven’t even started operating outside of research activity.
In other words SAFE’s blockchainless prospects are good.
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Ironically, SAFE may be the answer the blockchain guys need to make their stuff work long term (bloat issues) as you can just reference you choice of one of the public shares (I’ll host one for bitcoin) you want to trust for simple things and you insta-sync. If you’re really paranoid, you can do your own to compare to it periodically if you want.
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I don’t think anyone would demand exact details. Many of us feel invested in not just SAFE but also MaidSafe, and it’s nice to be informed on company health
Good to know business strategy is receving focus alongside the network development.
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I understand that people who purchased MAID or any other coin at crowd-sale feel entitled to such information (the funds actually go to development). What really annoys me though are those who bought after said crowd sale from an exchange (the funds go nowhere near the dev team) yet almost all holders consider themselves investors in the project not the coin and expect information on demand that would feasibly only be expected by people who honestly contributed to the development of a project.
If I bought a million dollars worth of MAID today none of that goes to development of the project so I am certainly not entitled to anything.
Apologies for the rant but I see this misguided sentiment all over the place since crypto made it possible for anybody with $5 spare to become an instant “trader” or “investor”.
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How do you know some of us asking questions aren’t crowdsale investors? 
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