I am interested. Write me a private message, I’m sure we find a way.
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News about SpaceX’s Starlink satellite internet service:
Results from Ookla’s Speedtests shared on [Reddit] and noted by *[Ars Technica] show the constellation is currently offering download speeds of between 35 and 60 megabits per second, upload speeds of between five and 18 megabits per second, and response times of between 31 and 94 milliseconds.
And that’s only in the test phase. Projected speeds at launch are gigabit down, 30Mbps up with a latency of about 30ms, good enough for gaming, for about $80 a month. You only need electricity and the small uplink antenna, a “UFO on a stick” pointed at the open sky (purchased for about $100-$300 or rented). These prices will still leave some priced out of the market but it is a good start.
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Couldn’t agree more!!!
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In a sense, I don’t think there’s too much discrepancy between this and what Dimitar is saying. Even an initiative such as what is described above requires capital (i.e. money). At the end of the day—as most of us no longer barter but use monetary currency as the medium of exchange—money has become a central mediator in our lives. I think we must distinguish between love and utilization. While “the love (or pursuit for pursuit’s sake) of money is the root of all evil”, the utilization (or employment to create value) of money is the mechanism by which we survive in hopes to thrive.
To achieve both what David illustrates and Dimitar proposes will require a thriving SAFE economy (I.e. strong price performance, healthy Network adoption, convenient SAFE:fiat access/exit ramps, etc.). The question is how we get to that thriving economy. To bring it back to this thread’s topic: I still don’t think ERC20.SAFE is the answer; however, I can see the benefit ERC20.MAID (when paired with broader exchange access) could pose today in setting up a thriving SAFE ecosystem tomorrow.
Also, this might provide some food for thought on the way crypto (which for all practical intents and purposes SAFE is) can help facilitate economic exchange and commerce in countries with weaker economic infrastructure. For any crypto currency to play such a role, it must have a thriving economy as described above:
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I mostly agree, but the real poor will barter and possibly not have money at all. It’s a deep issue. SAFE will help many more than today, but alone it will not help all. I cannot remember the number of unbanked in the world but it is a lot (well over 1 billion). SAFE or money may not help, there is probably a huge relief effort to get some basic infrastructure in place etc.
The slightly better off that have basic infrastructure and can get folk to take gold/dollars etc. in exchange for food can possibly use a cryptocurrency, possibly. They are arguably more likely to make use of information.
Then the slightly better off again are likely within the reach of data and money.
I think the problems are massive that are being discussed and well funded charities and gov level aid packages are in the billions and still, they starve. It’s not so simple as saying shoot some cash at these people, there is a ton to do and getting past their governments is likely a massive job. WE say btc gets past borders, but the other side of the border needs basic infrastructure. I think we miss that a lot.
So the target minimum infrastructure/resource requirements are real and hard to break down. They do exist though.
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It may be an unpopular opinion, but I think charity perpetuates the problem because it does exactly that—simply shoots some cash into the system rather than building the (sociocultural) economic infrastructure that will catalyze self-sustaining growth. Giving people money will (almost) never lift them out of poverty; providing people with a mechanism to make and a vision for how to deploy money can.
I’ll contrast the US and Nigeria as an example. I have an uncle who studied computer science and an aunt who studied microbiology in Nigeria. Neither one was able to use their degrees in any meaningful way b/c Nigeria for (sociocultural) economic reasons lacks the infrastructure to make and deploy money in a constructive way. Had they been in the US, they would have had an easier time plugging into the existing infrastructure to find jobs aligned to their areas of study. Charity or (unstructured and ineffective fiscal policy) just leads to more people with more degrees that they can’t use.
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I 100% agree, same with state aid, I recall a person, possibly Nigerian saying stop sending us money, the Gov takes it and buys guns etc. Instead he called for education and access to the world (I read it as data).
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Agreed. NGOs dumping grain, destroy markets for local farmers in the name of charity.
They also have eliminated the job of the tailor by dumping clothing from the West on them. I suppose this job would have disappeared anyway but these folk don’t need NGOs accelerating the process.
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Does it not? Several experiments show that people who actually get cash unconditionally use them to benefit their lives. They know best what they need. They fix their leaking roof. They buy tools to farm. They buy a goat. There is a misconception that poor people can’t take care of themselves and therefore shouldn’t be trusted to handle money.
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Corruption in the charity industry is rife and well-documented. That charity as practiced today (and which is often a front for money laundering and tax evasion) doesn’t work is also well documented. This is not to say that we should not help our fellow man. However, it is to say that there are no quick fixes, people are seldom as altruistic as they present themselves to be (I.e. there are often ulterior motives), and simply throwing money at a problem doesn’t fix it. The underlying root causes must be addressed. Better than writing a check or even building a school (so that kids can graduate and have no where to work), help build the economic infrastructure and industry necessary to catalyze self-sustaining development (e.g. build a company, hire the locals, pay them well).
In the US, Nigerians are the most educated foreign nationals. We are here because there aren’t opportunities in Nigeria. Nigeria would be better off if we built business there rather than just sending checks back to our families who could not leave.
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I am curious about the direction we are moving into from here with the ERC20 token. Is there a knowledgable group in charge that is discussing how we will proceed with the offer that was made?
I have seen this conversation drift into all kinds of directions, floating away from the subject.
I think we should embrace the option.
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Well…
And…
So, I think moving forward is likely contingent upon:
- @SwissPrivateBanker’s continued interest
- MaidSafe hiring someone (or someone technical from the community volunteering) to help set this up
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I completely missed out on that after a couple of days and 500+ messages jajaja Sorry for that 
Good luck! I am happy to hear this 
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Algae biofuel, Small size particle accelerator, b11 fusion reactor. Just to give you little hopes…
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Little more utility than day trading is about as far from the future that motivates most developers of DeFi programmable money as you can get. Perhaps Andreas Antonopoulos can help raise your sights slightly higher to the sky on this one, we have trouble imagining where this paradigm shift in money will lead. I believe the Safe Network can form part of that programmable money future depending on the viability of decentralised computation on the Safe Network of course.
Safecoin as planned will be orders of magnitude more private than existing blockchain based privacy tokens. FATF has recently made it very clear that its new rules prohibit privacy tokens of all flavours (i.e. superseding all classification types) and plans to enforce the new rules on all KYC exchanges located in member nations (See references I posted on this thread). Several high profile exchanges have already complied with the new rules and similar to how the crypto KYC rollout has progressed over the last few years the rest of the centralised exchanges will probably drag their feet before shouldering the expense and also falling into line. That means no privacy tokens, travel rule only transactions and applies to Localbitcoin style OTC trading escrow services as well.
This will unfortunately with high degree of certainty exclude native Safecoin from these markets.
The ERC20 DeFi economy was up and running before these new FATF rules were created, but is already partly covered by KYC mostly where large fiat on/offramps are since it is not first and foremost a privacy token marketplace like any future Safecoin exchange will be. It is not that ERC20 decentralised exchanges will be a “secondary” market - it will IMO most probably be Safecoins only available market to indirectly exchange value with the real economy as it shields Safecoin from the FATF “no privacy tokens” and “travel rule compatible transactions only” rules.
These trends and FATF impact are discussed at length in the programmable money DeFi forums that abound in the Ethereum space where developers with similar values to this community are hard at work trying to make a better future as best they can. As the reality of the harsh new FATF rules becomes more apparent I am sure this community will be more receptive to ERC20 -Safecoin bridges and rise to the challenge of providing an onramp into the fledgling Safe Network from outside of the closed system.
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look, I am not interested in doing it immediately if there is not a commitment from the company that erc.Maid will be redeemable directly against safecoin, because I think it will put a lot of historic holders of the community at risk when the time has come to switch to safecoins and it means asking my team a lot of work without any guarentee that the end goal is achieved. So on our end we will work on this when makets cool down a bit and I can dedicate some manpower to the project on a voluntaree basis.
But most importantly, the more I think about it, it seems the ideal solution for an ERC20 maid is to join https://renproject.io.
the whole tokenization framework already exists, is permissionless and trustless, and there is a redemption/burn process that will protect erc.maid holders.
I think the community should really look into this. we would just need to build a dApp
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I understand and woudl re-iterate I don’t see an issue 1:1 with ercMaid iff the total supply of erc20Maid and OmniMaid were guaranteed to be 452,552,412 and we can ensure the message/burn process or whatever could be as seamless as possible.
This could be interesting as well though. For MaidSafe as long as we stick to the “contract” we had at the crowdsale that every MAID is 1:1 a safecoin then we have done our job. I would say is soem MAID were erc20 then it woudl not matter to us, as long as the 1:1 transfer process can be smooth.
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Care to explain why?
Would anyone actually be willing to guarantee it?
If they failed, will they pay for any issues caused?
Yes they do. Just in another way. They use referrals program and focus on the network effect I think Safe network can take a similar path and grow faster with a referral program, where marketers/user can earn safe coin by referrals links. Our is this impossible for the Safe network? Since it`s private?
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