What I’m thinking about is Safecoin still working without a Maidsafe Network and internet. In the scenario that I describe above, I would meet you in the middle of nowhere (with no internet connection). I would have a Safecoin on my wallet. Let’s say that you don’t have the wallet I can transfer it to you (like can be done with the serval project above). After that I transfer the wallet to you, I transfer a Safecoin to you. What this means: is that we did a Safecoin transaction without the Maidsafe Network or Internet.
Now the mindset of some people might be that the Safecoins should only be on the Maidsafe Network. “It’s the fuel of the network”, but I think that if Safecoins can operate in standalone, that it will give it more value. I’ll give a silly example: Let’s say I live in New York and every internet connection in NY is offline. If I had my Safecoin on my laptop or phone. I would still be able to go to Los Angeles and send a Safecoin to some one in LA. So what I’m getting at is, the Safecoin could operate on it’s own. If we would dig deeper a Safecoin could also be send through SMS. The wallet that I can transfer to you, will be a Android or IOS app depending on your phone.
@ first sight I would say that a standalone Safecoin can work, because after all everything is nothing but data. Like a Tincan message a Safecoin could travel.
Let’s look again if a standalone Safecoin could work. A Safecoin remembers the previous and present owner (it’s not tied to a blockchain, so it don’t need a confirmation from a miner). Let’s say that I would send you a coin in the middle of nowhere. When I return back to the city where there is a Maidsafe Network and Internet. What would happen is that my wallet would communicate that I send you Safecoins. Let’s say that my wallet would be delete from my phone. It’s when the person in the middle of nowhere comes into the range of an internet connection or another person visiting with a Safecoin wallet. That the information that he holds the coin gets passed on. Safecoins could live outside the Maidsafe network, because they won’t all be need to let it operate.
A standalone coin bring us the nightmare of coins getting lost. Actually not only standalone coins also Bitcoins and other altcoins can be lost. I don’t really believe in coins getting lost, because everything can be programmed. And when you look @ it, you could program a coin that magically reappear on the network after that it has not been active for a period of 10 years. The idea that coins can be lost due to human error, computer crashes etc, and that we accept it, is a little weird in my opinion. Coins that would constantly be in circulation would just function as normal. But if you would be saving these Safecoins once in 10 years you got to send them to another address.
When you send them to another one of your addresses, that wakes em up again for another 10 years.
We could also have a “Please keep my Safecoins in my wallet” code. For instance if you can’t get to your wallet, because your in the hospital, coma or whatever. Your family would just type in 101010 and that would extend your Safecoins for another 10 years.
Imagine a moment without the internet (like when Amazon had problems), Imagine still being able to use your Safecoin. You could still go and get your groceries and everybody not using Safecoins? Well they have to wait till the internet gets back on