How does MaidSafe solve double-spending?

[wes]

@interested_in_2

Look, I am certainly no where near as smart as the developers of this system, so I may be wrong, but this is what I see:

Satoshi’s genius was solving the double spend problem via the central authority (the blockchain) and made that central authority distributed.

Maidsafe then have a way of making the very ledge distributed, there is no central record.

The trouble with this solution is that a double spend seems like a possibility, and a double spend in a crypto-currency is death.

If my merchant cannot know for sure that this coin has not been spent elsewhere then it’s unsafe.

Can someone explain how the puzzle prevents this. I can explain the fundamentals of Bitcoin in 10 minutes to someone at a party, if I asked someone at a party about Maidsafe and they said what you said, I would not be impressed.

I don’t want to sound rude but this is not a good explanation, it almost sounds like “sorry pal, it’s too complex to describe”

I understand how Ethereum works, I understand how Nxt works, I very much understand how Bitcoin works, but I cannot understand how Safecoin works.

Please help me understand.

I think you need to slow down just a little bit there tigger.

You’ve had 4 years to learn the ins and outs of bitcoin. Ehtereum is built on bitcoin, so of course you can explain it. Nxt is built on peercoin - that’s a bitcoin knockoff. Of course you can explain that. Safecoin hasn’t even been released yet. So far none of the developers have chimed in because they’ve already said they’re spending this weekend deep in code. If you want to have this discussion 4 years from now we can compare apples to apples. However, right now all you’re saying is “I can explain something I’ve been studying for 4 years in 10 minutes at a party. why can’t you do the same to something that isn’t release yet and built on a totally different technology?”

Give it time man.