What is the value of a Safecoin? If you ever wondered, it’s whatever you make it. Let’s talk about the real value here, most cryptocurrencies are a JOKE. Here is where the real key lies, you can’t buy anything in the real world with them except other cryptocurrencies on exchanges.
If we really want to give Safecoin “value” we should start here:
This is a whole list of shoppingcart WE SHOULD START MAKING SHOPPINGCART PLUGIN ASAP, because with shoppingcarts comes merchants, merchants can sometimes have influence on which payment methods customers use. If we create plugins for merchants, totally free of charge, with 0% transaction fee. WOW the value of Safecoins just skyrocket. Imagine how many merchants would use Safecoin if they have ZEROTRANSACTION FEE. Bitpay and Coinbase are growing like crazy, but they have costs and transactionfees, yes I know Coinbase offer merchants $1million of free transaction if they keep their money in Bitcoins, but after that they get a transactionfee.
Think about how many shoppingcarts are on that list, now think about how many merchants are on those platforms. If we can let merchants accept payment with zerocost, we could make a big impact. Realise that Safecoin is totally not important to your avarage consumer, they just want to buy their stuff and be done with it. Merchants also don’t want anything to do with the complexity of cryptocurrency, they just want to receive money for the products they sold. Our merchants should never have to worry about fluctuating prices. Only with merchants using your cryptocurrency will it have any value in the real world. We need to get out the mindstate, to try to know the fiatprice of Safecoin, because that absolutely not important. Ordinary people don’t care about the price of a Safecoin, they care about the price of their product. We don’t want to build up a culture/community based upon ‘SPECULATION’, because it only brings out the bad in people. If we make it possible for every merchant using a shoppingcart to accept payment, not worry about transactionfee or the price, than we are really on to something.
Like Ripple’s Gateway
Ripple makes it easy to send and receive money of any kind. Maybe we should also have gateways/bridges. Bridges would receive the Safecoins and send the fiat currency to the customer/merchant.
(this is explained from a fantasy land where this actually works)
Let’s say i’m a merchant, Alice just send me 2100 Safecoin, but i want 100% fiat.
Bob is set up as a bridge, lives in the same country like me, got the available fiat and got the same bank as me. Bob receive a message (sms,email or what have you) he received 2100 Safecoin in escrow, in the message is my bankaccountnumber, name, bankname, country and a transactionID, he transfers the fiat from his bank to my bank within an hour.
I receive the money and confirm it through the transactionID, the 2100Safecoin is released to Bob.
Because Bob is set up as a bridge he receives €0,50 per processed transaction from the Maidsafe system. Ofcourse there would also be a scenario of a few bridges working together and the money being split up accordingly.
IMAGINE IF MERCHANTS HAVE NO TRANSACTION FEE AND RECEIVE THEIR MONEY ON THE SAME DAY.
what I describe above is kind of, how transferwise works.
Yeah I know it’s a little bit weird, to have ordinary people sending money to consumers/merchants and would they be a money transferer in sucha case? Sorry I’m to lazy to dig deeper