MaidSafeCoin (MAID) - Price & Trading topic


#4119

I think Safecoin will be introduced much sooner than with final release.


#4120

Yes, I think many of us are concerned about how the initial store of Safecoin will be distributed and how one pays for it. When you consider the possibility of Safecoin being priced on the open market at hundreds of dollars it brings up many issues. To me this seems to be of upmost importance to the overall prospect of Safe Network. Maybe when divisibility of Safecoin gets sorted out it will shed some light on possible solutions. The conundrum is that if Safe Network (and Safecoin) turns out to be immensely popular and the price of Safecoin soars, will the initial algorithm of how to provide Safecoins to new users still be valid and, if not, can a workable adjustment be made to the algorithm in a kind of dynamic way? Would be interested in hearing what David has to say.


#4121

Oh? I thought until final release it would only be TestSafeCoin.


#4122

I’m not talking about preventing one or a few users from spamming the network, there are other, more effective, ways of doing that. I’m talking about limiting the number of users by unnecessary requirements. If all, or most, new users might be good candidates to spam what you suggest might be useful but one shouldn’t cut off his nose to spite his face.


#4123

1, As far as I know Safecoin divisibility will be ready from the start
2, People do not need to create an account for reading and using network. They need it only for writing, so they can first try it as long as they want
3, People can farm coins
4, When I first started with bitcoin, there were faucets where you could get 2 BTC for free:) Faucets for Safe coin can be created.
5, What prevents me to create a web page on safenetwork, where people can get like 0.001 SafeCoin for solving some tasks? There can be many ways how to giveaway some coins to friends. There can be official fund in early days where people can send donations and other people could claim their small piece of coin. Such official fund web can be as homepage in browser. The only problem is to prevent someone from claiming his coins with some automatic tool.


#4124

Excellent point. Most individuals will connect to SafeNetwork via their phones and farming by phones will be limited to times when they are charging. Someone should be able to farm enough coins overnight for simple puts the next day.

“4, When I first started with bitcoin, there were faucets where you could get 2 BTC for free:) Faucets for Safe coin can be created.”

Back then that only meant two pizzas :smile:

“5, What prevents me to create a web page on safenetwork, where people can get like 0.001 SafeCoin for solving some tasks? There can be many ways how to giveaway some coins to friends. There can be official fund in early days where people can send donations and other people could claim their small piece of coin. Such official fund web can be as homepage in browser. The only problem is to prevent someone from claiming his coins with some automatic tool.”

I really hope something like this is planned. Again, appropriate implementation of divisibility is crucial.


#4125

What is the point of writing this? We all know that. That is why I wrote multiple options. Attacking on single option out of many is not a disprove of my claim and that sarcasm is rude and inappropriate.


#4126

If there is nothing gating new user creation than I can write a bot to create 1M new users per day to spam the system. Obviously 99.9999% of new users are fine. But I’m not. I’m a bad hombre, and I know how to script.:wink:


#4127

If I’m not mistaken, the bot problem has been addressed in other ways. Surely a different issue.


#4128

Well, look up if that’s true and get back to me. Since the network is distributed, which means different account creation attempts by my bot will be handled by different nodes scattered all over the world, I have no idea how it could have been addressed, other than by demanding safecoin, but I look forward to your reply.


#4129

Excuse me? Not attacking anyone, simply engaging in constructive discourse (see what I did there? :wink: ). Understand, we do get new users on this forum who are not as informed as you. I’m not speaking at you as much as following up on the points you make with, maybe, a different perspective.


#4130

You answered your own question. :grinning:


#4131

Nonsense. Don’t play games. You started this, so you go fetch the answer or admit that new account creation must use safecoin.


#4132

Never said it didn’t. Just trying to consider how the details of distributing SafeCoins for initial uploads would work, given the probability of increasing values of SafeCoin on the open market.