I’ve been reading about maidsafe recently and I have a few questions, as it has piqued my interest. As I assume many of you know, bitcoin mining is starting to become centralized, dominated by large farms. Some people view that as inevitable for any PoW system.
What I understand so far about safecoin is that you want to introduce a proof-of-resource model, where ‘farmers’ are rewarded for providing disk space. I read that this model will rearrange the current structure of data being stored on servers in datacenters, to a distributed storage model. The thing is though, if there is a demand for safecoin, wouldn’t it end up like bitcoin, where you have a few huge miners/farmers running the show?
I’ve got more questions, but one at a time I guess. Anyhow, very interesting project.