I have been meaning to write this article for sometime now, my hope is that those that
have the power over the project’s direction would at least reflect on the points been
made here. Before, proceeding, a little bit of history will be useful. I invested in the
maidsafe ICO rather than the ethereum ICO because I actually thought that
maidsafe will be the storage technology of choice for blockchains. The role that
IPFS, SWARM is playing today. I have not slit my wrist because I later invested
in ethereum at $7. One more thing, I have not sold 1 MAID or ETHER because, I
am a long-term investor, I invest in technology that I believe is ground breaking.
So, the MAIDSAFE technology is ground breaking. Fair enough, but does anybody
remember VHS v BETAMAX or MS DOS v MAC OS operating systems. The
best technology does not win, if an inferior technology has a big installed base
or (and) development community momentum.
Maidsafe has been in development for years (prior to the ico) because one
small team is trying to build a significant proportion of the platform components,
rather than building the core and specifying how other components should be
built to interoperate with the core.
It is probably too late for maidsafe to change course, but I needed to get this
off my chest.
I still wish the project the best success. I will hold the coin way past beta release
and see how it goes. But Maidsafe should be worth north of $3bn right now with
the right business model, which actually DRIVES the technical model.