There are 3 reasons why anyone would use the Safe network.
- User has illegal or confidential data that he want to store or access (e,g pirated movies, child porn, sensitive document like bitcoin keys…)
- User is running an illegal business (silph road, activist website in a dictatoship state) on a decentralised safe website.
- User has legal data he wants to store online and the cost of storage on safe network is cheaper than anywhere else
So if you want the network to be successful, you need to go to potential customers by offering cheap and anonymous storage.
How did Skype grew so popular ?-> Phone calls were free day 1.
How will Safe will be popular day 1 ? storage for a decent quantity of GB should be free and then if user wants more, user will pay for it.
100 GB free ? why not ?
100 GB on Google Drive costs 1.99 per month. Let it be free on SAFE. Start charging 1 per TB.
and XXX$ per 1 safecoin equivalent amount of data (if 1SAFE = 1000$ due to deflationary pressure, let it be)
The end user will get used to the network and killer apps will be developed, as popularity grows.
Remember: we have plenty of space if each user commits a bit of space to the network and when users start using actively the network.
My point is, SAFE coin is the backbone. it is traded on crypto market and between famers, but should not really be shown to end users. This will solve the divisibility issue.
How do you do that ?
You could add another layer on top of farmers like Dash did with masternodes.
For instance, you would have farmers and “bankers”.
What do bankers do ?
They would reconcile the $ cost per TB with the value of the SAFE coin, by staking SAFE coin on one end and offering divisibility and granularity of storage to the end-user against USD.
Adding another layer makes the bridge between inflationary nature of data, and deflationary nature of Safe coin.
It help maintain service, granularity and utility for the network, while the value of safe coin grows.
What I am saying is the divisibility issue of the coin has to be handled by a loan mechanism, maybe blockchained based between banker masternodes. Bankers offer USD conversion to end user ( which is in fact SAFE cents).
It can be done in many ways
For instance Bankers could have a certain amount of MAID frozen ( for instance 100’000 MAID), commitment against which they take a small commission of the $ paid by end-user.
Or they could create a blockchain currency (SAFE cents) which would act like a fractional reserve in the banking system. This currency would be created like an ICO by sending an amount of MAID and burning it. it would represent 10% of all SAFE in existence (for instance)
Both of these ideas are easy to implement.
Maybe it is science fiction. After all I am quite new here surely have missed something.
I have read a lot of thread on divisibility issue because it obsess me and I think it could doom the network:
either SAFE is a utility and is useless and worthless (like the OMNI token) or SAFE is deflationary and costs a fortune and prevents mass adoption.
So why not add a layer to solve divisibility problem ?
Don’t be too harsh guys. Just trying to help with ideas