January 25, 2015
Bitcoin, the cryptocurrency is sometimes referred to as the “Internet of money.”
Similarly, MaidSafe is the Bitcoin of the Internet.
MaidSafe is software that allows the peer-to-peer creation of an Internet that is *separate* from Ye Olde “Darpanet,” the ancient term, once used to describe the Internet, way back in 1969, when it was initially devised by the Defense Advanced Research Projects division of the Department of Defense.
It goes without saying that, as of the mid-1990s, the Internet had already begun an inexorable process of profoundly transforming commerce and communications, along with virtually (no pun intended) everything else in human life.
For years, most Internet users had suspected that some – maybe all – of our online activities were being monitored by dweeby spooks but this was irrevocably confirmed to be true – and on a scale so massive and unforeseen by all except for the people directly involved with its deployment, when NSA contractor, Ed Snowden went public with this information in June of 2013.
Dragnet Surveillance of ALL peoples’ communications, through programs such as PRISM, an illegal activity that everybody on this planet thinks is *just ducky* was pioneered by former NSA Director, Keith Alexander in 2007 and who in October 2013 announced his resignation, along with that of his Deputy, Chris Inglis, releasing a 33-minute video on the Department of
Defense’s YouTube channel, where he defended the method of his madness, in the most downvoted video in the history of YouTube:
Previous iterations of mass public surveillance, via telephone have existed since at least the 1970s.
But I digress. The point I’m trying to make is that, by using MaidSafe for your Internet needs, you will no longer be subjected to this horrific breach of the law by the rogue government of the US!
Here is a short overview of how the technology used by the SAFE network at MaidSafe is powered:
Safecoin is the currency of the SAFE network and it’s a mechanism to give a financial incentive to both end users and to developers and also as the means to provide access to the network’s services.
End users who provide their unused computing resources to the network, called “Farmers”, are rewarded in Safecoin, while application developers, called Builders earn Safecoin, in proportion to how often their applications are used.
Developers who improve the core SAFE network code base can also earn Safecoin by providing bug fixes and new features. In the case of Farmers and Builders, Safecoins are generated and distributed entirely by the network, without any human involvement. Core developers are rewarded by polling the developer mailing list.
Safecoin can only reside within the SAFE network and will be stored in a user’s wallet and used in exchange for network services; such as increased storage space and access to network applications. There is no set distribution time for Safecoins. Unlike many currencies, the distribution of Safecoin is backed by information and the amount of coins generated by the SAFE network is directly related to the amount of resources provided to it.
I’ll let the video explain the rest!