Good question. I know there has been discussion on that topic earlier. With the latest discussion about Safecoin as to “not have safecoin as data items, but as integers in the client managers”, I dont know if that would effect this topic differently.
Here is some previous discussions which seem positive on calculating at least of approximate supply.
Hopefully the Safecoin supply will be more accurat than gold.
I suggested a potential solution in the topic David mentions the integer idea. That is to still have safecoin MDs but only the fields are owned by users and the field has whatever decimal fraction of that coin the user owns. And this allows recombination when users pay for resources and also farming rewards can be more often for smaller amounts. EG amounts like 1/1000 of a safecoin. By using the MDs there is still only 2^32 coins and upto say 2^32 * 10000 amounts available.
Yes, felt like this could become very confusing very quickly with answers in multiple topics.
To know atleast approximat current supply would be very usefull when Safecoin is traded on clearnet and SAFEnet exchanges. Do you think this topic could benefit a deeper discussion now when Safecoin RFC is currently discussed?
And also thanks neo for all the work in answering a lot of questions on the forum and also contributing in very complicated topics, you are a gem.
The issue of knowing the quantity will certainly be discussed when the (pre-)RFC is presented, even if its you who brings it up. I think it might be too early to really get into it since we just don’t know what form exactly safecoin will take. It’d be like “well if they do this then that or if they do something else then do another thing” We’ll be discussing so many if and buts and most of them useless banter. The major possibilities have been discussed and we can use them to springboard off when we have a firmer idea of what exactly a safecoin will be.
I have no idea why this author thinks there will be a payout soon. Perhaps he is confused by the Oct 22 date - this is when the rehabilitation claims have to be submitted by creditors. The earliest date for the payout is somewhere in February but even that is probably way too optimistic. More likely spring-summer 2019 if the creditors are lucky.
Very amateurish and superficial journalism.
You missed my point. I think it’s funny how we all talk about MAID and other crypto prices and what a new world we could live in if adopted. However, right after that statement people want to know what those prices are against fiat and when they should cash out. The matter being that if individuals truly believed in MAID or bitcoin or whatever else there would never be a need or desire to return those coins back to fiat. It’s no wonder people think crypto will eventually fail because the overwhelming majority of the people invested in the space are planning on how to turn it back into fiat and not use the technology which leads back to the point that if that is your mindset, you don’t truly believe in blockchain or decentralized systems.
I see what you are saying, but you can have it both ways.
Belief or not, the infrastructure is not there, and will not be there to support a fiat-less crypto-ruled society for a good while. At least ten years, probably closer to twenty.
First, we need a coin, or a couple of coins, to truly separate themselves from the pack as far as technology and features, particularly in the space of low cost and immediate or near-immediate transactions. We do not yet have a good substitute for something to replace a Visa card. Then, once those have been identified, we need them to have widespread adoption, enough for the general public, and businesses to begin to accept said currency for transactions. We need mature exchanges for easy access to the crypto.
All this takes time, time not all of us are willing to wait to part with some of our investment. If MAID hits $100, I’m going to sell some. Not all, but enough to further my life goals now instead of having to wait another 10 years for it to reach ubiquity where I can buy a house with it.
I happen to like both apples and oranges. Still, it is rational for me to sell apples for e.g. fiat when the price is high, in order to buy oranges. If the price reverses, it is rational to sell the oranges and buy apples. By following this principle I will end up with more apples as well as more oranges on my table.
I think 20 years is a bit much because if this takes that long, something has gone wrong/something better is already coming. Perhaps it depends on where you are in your life and goals which makes sense. I also think we are a very very long way from $100/coin, so we will see how quick things get done and the vibe that comes from it.
Sure, I don’t think we’ll be seeing $100 a coin any time soon, but I could see it pushing that once the final product is out there which looks to be late 2020 at the very earliest at this point. The technology behind MAID far surpasses pretty much any other crypto project.
This is also assuming marketing is up to the task, and other projects like Skycoin or IOTA haven’t taken over the potential market by then, with inferior, but quicker to market solutions.
I’m a huge proponent of taking the time necessary to get this done properly and have voiced that but if there is no full launch until late 2020, this may very well have an adoption issue. In any case believe in it whatever way you wish and hopefully all of this comes together.