MaidSafe and project SAFE moving forward

Community Blog Posts
283

This is my only goal here is to feel comfortable about moving forward with future investment of my time and money. Is there a reference to the certified audit trail so we can verify all the above statements and move on from this?

I just wanted to feel comfortable crowdsale (and now new advancement on funds?) funds have not and will not be used to pump(s) and dump(s) the value of MAID to enrich only the few who are “in the know.” Some simple statements from the “few in the know” (David obviously has done more than that) that has not and will not happen should be enough, because blockchain analysis later could likely ferret out any dishonesty.

I apologize @nicklambert, you appear to have associated my statement with anyone at MaidSafe. My thinking with that statement was more to the idea that the project appears to be now more at the mercy of managers of the new deal (“conducted sensitively over a period of time” “100% of the proceeds from this strategic sale will go toward furthering SAFE and will be reinvested entirely straight back into the community”) and capitalists you will be trading with to gain the further capital needed to complete the project. Yes, I guess @nicklambert is the only “identified manager” and he has the least published/documented work (Reason I like individuals mentioned in the updates and why it would be helpful to see where the “business” of the development is at with accounting, audits, applications of grants, etc), not a developer, not provided any personal statements with regard to personal financial stake in the project, and have been the reporting person this entire time saying ‘we are fine financially.’ So…interesting… this might be a primary reason for my recent waver in trust.

Is MaidSafe open to other ideas on how to create and manage value for the rest of this project? Could a little time be spent discussing alternative approaches? There has already been several ideas posted (I also have one I would love to throw out there) and I think with a little organization and dialogue we as a community could all come to the most logical conclusion, which very well may be your above stated plan…but at least it won’t look like a couple of individuals made a decision about the future of the “People’s Network.”

1 Like
284
2 Likes
285

We all are all in the know as much as possible (I mean the whole community). Regular forum readers will know more than some if the folks in house. We know what a test does when it’s run. We publish fast warts and all to make this clear. The speed we are iterating at the moment means the folk in the company can see whats happening by reading the dev update! There is zero time for any shenanigans and zero tolerance for such thoughts. We are more than busy and way way too busy for any crazy market stuff. It’s just unthinkable. If you read updates, look at github for instance, spot a time where I can take off to do worthless nonsense like pumps and dumps. Never mind my abhorrence of such.

[Edit - you will also note my absence in safecoin threads, that is because I have it muted, too busy for that right now]

I get to speak with Nick for about 10-15 mins per morning, Viv about 20 as it’s more techie, then we are all at work and hard at work.

In terms of audit trail companies house website (UK government run) is where accounts for every limited company are held (just search maidsafe limited). It’s all very very much in the open.

We are open to the point of taking a hurt when we need to as we did with the recent disclosure, before we took any action (which we still have not and have options, auctions, sell on exchange, private sales and many more). Here we are open disclosure traders who are selling cheap and telling everyone beforehand (a crucial error for any trader) knowing we earn expensive tokens to kill them later. No trader and very few companies would disclose so much as we currently do.

Our openness costs us a lot measured in short term thinking but I belive gains in long term security and integrity. Any more open we will need to wear always on microphones and carry gps boxes around with google map tracking.

In the middle of all of this openness we need to negotiate with technology parters and more, they see our hand a lot. Now we should show every single piece to folks so we can enter no negotiation with anything up our sleeve and with everyone knowing our position. I doubt that would work.

So trust is required and earned, I believe we earn this and have over years. There is not a single thing we have done immorally and never will while I am about. Nick or Viv would certainly not be involved in such actions either, never mind any of the team.

We simply cannot show every single hand in the game of poker that is business, it’s not clever and even now many will think we are bonkers for spilling so much so freely.

If folk can accept we do what we can within reason then it’s all good. We cannot pander to those who want 100% disclosure and those who wish we had 0% disclosure, it’s just not possible.

I appreciate your input but the answer is in the middle. We define the middle and work there, but maidsafe are much closer to full disclosure than most CEO’s would ever dare to venture near. We can be strong, tough and determined, but not unprotected and completely laid bare and expect to do any deal at all that’s a good one for us and the community.

[Edit 2] The length of this post is due to you being a long respected member here and me thinking you have a wrong impression somehow?

24 Likes
286

faker, go home…

287

wow, 286 posts… well all the info and answers to any questions must be coverd by now. Maidsafe team, back to work ! :slight_smile: time to lead, and take a break from care in the community… and lead us fwd with some killer dev updats, and some strong decisions that will leave this messy funding round done and dusted.
The moon awaits, onwards and upwards √

10 Likes
288

Sell this 28M maid and close this too long conversation haha… We just need to focus in test 4 and mvp.

1 Like
289

:smile: yes finally acceptance and positivity!!! I think we may have just witnessed the seven stages of grief for many. I can’t wait to see more devs contributing personally. First will come alpha, then the world!!!

4 Likes
290

like Satoshi coming back to say they were going to slowly sell their coins into the market to fund core devs (which wouldn’t be a bad idea imo)

Correction, it’s like Satoshi coming out in late 2009 and saying he’s got 25 million BTC to sell so he can pay his core dev team (at $0.05 USD). The same amount of BTC today, or the one million BT ($550 million) in the trust fund is way more than enough to pay an army of developers for years.

291

There goes a nice 60BTC sell on Poloniex… When are you guys planning on getting done with your dump so we can re invest in your project?

292

what about a second crowdsale for the coins? I am sure a lot of people want to support and would participate .
Just my two cents :slight_smile:
But I am confident you find the right solution. You are doing very well!!!

1 Like
293

I think if you would check post 285 above from the CEO you will see that the idea has been purposed but no coins sold, any market action is most likely from bigger speculators and not the team as of yet. The focus of the devs is more on the well being of the network in the long term and less on speculators and short term traders. I am more than confident any action taken will be well planned and in the best interest of all investors in the project.

1 Like
294

I would agree I probably had a wrong impression about a lot what has gone on in my head today. Hopefully my true intentions show through that I want more than anything to have the SAFE network a reality and all of the MaidSafe team there at the finish line to be rewarded for their selfless efforts.

I have trust issues in general (Not with MaidSafe) and is probably why I find SAFE so appealing. After having time to process all this information, my feelings, and helpful discussions with friends, I feel I need to apologize for my reckless posts. All of you at MaidSafe have proven yourself’s to be remarkable humans and have shown us time and time again that you are open, honest, dependable. I really appreciate your kind responses and efforts to satisfy my unwarranted concerns and wrong impressions.

I am only interested in the future at this point and will continue to do everything I can do to positively contribute to the SAFEnetwork and the individuals who are tirelessly working to build this enormous resource.

18 Likes
295

We’re not making any rush decisions at the moment, we’ll let every know what’s happening in due course. Thanks for the vote of confidence.

10 Likes
296

I have a lot of respect for you too @MrAnderson. It’s a big thing to apologise the way you have here.

I think the SAFEnetwork attracts those who have reason to value restoring power to those who have suffered or witnessed abuse, and it is bound to make us worry that may happen here one way or another. So it is understandable that people see the potential for abuse even in the face of evidence and experience that David and all at MaidSafe are cut from a different cloth. The reason I latched onto this project was as much seeing that as it was the ideas of the project itself. Something in David came across to me in his blog and has been confirmed again and again as real.

Evenso, I have had my doubts and like you spoken them to David and hurt him for having done so. He said it “feels like being kicked in the stomach”. I felt it too when he said that, and that helped me see he’s for real.

Nothing is ever guaranteed in this world, but sometimes we have to risk everything to have the chance it will happen, even when we know it can hurt us all the more. David seems to be someone who does that several times before breakfast, and TBH it’s hard for us to imagine that’s for real - it is so rare, and so absent from all those who seek power and are in the headlines promising to put things right.

Sounds like its time to trust David, Nick, and the team they’ve attracted to this enormous adventure. I’m glad you are back aboard, it really bothered me to read what you wrote, and I know what it’s like to be accused here by my fellows. I wish I could count those who’ve had the same suspiciouns about myself and moderation in too, but I’ll live with enough of us trusting and backing MaidSafe.

18 Likes
297

I think the best course of action is:
Plan A) Make an proposal to theDAO.
Plan B) Make an Auction.
Plan C) Make a crowdsale.
Plan D) Sell in poloniex.

1 Like
298

Doesn’t this then mean the devs are subject to theDAO voting as to what to do and when? (in order to receive funding)

299

Your list is accurate I tin in at least option D is the last option. I am not sure of the first three or if there are only three at this stage :wink: What we have done though is to relate the message, these coins are gonna work for the project now and we can closely look at the best way they can benefit the project, keep the team alive and go past launch.

We have already spoken with some folk and community members with many options and will gather ideas for a wee while. So we are all in a good position to ensure integrity and also security and that is what I wanted to achieve for sure here.

We all get stronger now though. :thumbsup:

9 Likes
300

Yes, and that’s awful :thumbsdown:. I’m so glad the team is doing things the way they do. It’s their company and vision, they shouldn’t give away any part of that. The DAO would mean extra crowdfunding using ETH and people voting on proposals using DAO-Tokens. And I know where these folks are coming from, it’s the blockchain all over the place :nerd:. Better keep things the way they are, sell these coins etc. My guess is with the alpha and MVP coming we’ll see a whole new situation. I have no worries.

8 Likes
301

I’m intrigued and patiently waiting. If there’s anything I can help with (meanwhile), feel free to ping me!

3 Likes
302

I’m amazed at the transparency of dirvine and in general the Maid team.

Not really, but it is cool to watch in realish time the theme of the Safe Network taking form.

2 Likes