Maidsafe Coin - Introducing The New Decentralized Internet 🚀🎓💾 (Outdated info needs update)

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Mistake made: Maidsafe coin can be bought on sold on 8 different exchanges. https://coinmarketcap.com/currencies/maidsafecoin/#markets

Started in 2006 by Scottish engineer David Irvine, MaidSafe is a small team, comprised of: thinkers, inventors, tinkerers, PHDs, engineers and designers. Although based in Troon, Scotland, we have drawn talents from many different cultures and countries, reflecting the users that we serve. Despite this variety, we all share a mission: a desire to provide security and privacy for everyone.

Why is important to decentralize the internet? Internet was orginally decentralized then companies like facebook, google & youtube.

Doesn’t use proof of work or proof of stake. For example it will have zero transaction fees, is totally anonymous, and promises to deliver instant confirmations, very high transaction rates, and to scale with the network - more nodes means more capacity. It is also resource and energy efficient because: 1) most farmers will farm using already spent resources on devices that are being used for other tasks, and 2) it uses proof of resource rather than proof of work.

By providing your unused computing resources to SAFE you will be paid in a network token, called safecoin. To start earning, download the free SAFE software, create your account and tell the network how much space you are going to provide.

As network data is stored and retrieved from your computer (Vault), your virtual wallet will start to automatically receive safecoin. You can use these to pay for other services on the network, or convert to another currency via a SAFE currency exchange.

Problems
-clunky user interfaces, learning curve for developing decentral apps. Few merchants can accept it.
-need for a mobile app Exchange Presence

• SafeCoin can not be exchanged on a typical exchange site and can only be traded or purchased through the MasterXexchange site.

The MasterXexchange site is essentially a decentralized platform, which means no third parties are involved in the process. The market volume and services behind Safecoin remains very poor. Only a handful of merchants accept the coin for goods and services. Safecoin will never be widely adopted, due it being the only gateway into the Maidsafe network and not to mention the complexity for the masses.

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