IF it really becomes a thing, the SAFE Network will deliver what many other crypto projects claim to be or aspire to become – a digital economy of sorts.
It really will have the power to push fiat out of the vendor-client way much more than any other so-called digital coin has done so far because it will actually offer something unique for the coin other than transferring the coin and exchanging it for fiat.
If we get right down to it, BTC and its million copycats are a funny way to go FIAT 2 FIAT.
First, it was backed by the late noughties / early teens (now relict) propaganda of everything-anti-bank-is-cool, these days it’s just “sell them their own greed, and not on the cheap”.
Come nitty-gritty, it offers electricity consumption and a tracking tool that’s all cool unless it’s used against you.
Mass adoption? Yeah, sure. Regular folks love it cause it’s like the most complicated and expensive way to transfer take-a-guess-how-much while being kept a record of anyone has ever created.
People will never ever mass-adopt BTC unless they’re forced to by authorities, because it offers them nothing.
It has paved the way to fund this project in the token manner. Cool. You can chip yourself with an under-the-skin wallet and use it to pay for a coffee in Prague and feel all futuristic, knowing this expense will be kept on blockchain (supposedly forever). Cool. You can name yourself CryptoDiane, CryptoBoiRulez, CryptoAnyBloodyThing and shill, shill, shill your life away on Twitter. You can draw triangles all over trading charts and hope to get rich. You can churn out millions of articles a week analyzing how much will the biggest sandalmaker in Ecuador going crypto influence the markets on Monday.
You can BS yourself into thinking all the great things that can come out of BTC are just a matter of adoption (and time). But there is also this point of realization BTC has been adopted by the most capable people since 2009. And it’s just struck me!
2009 was the high point of the BTC adoption in terms of brain power.
That’s why I’m starting to see the crypto scene through Vitalik Buterin’s eyes more and more. If they haven’t made anything greater with it than buying an island and turning pedo by now, it’s not gonna happen with more people falling in the trap.
And that’s why going for SAFE makes so much more sense. It may not happen like we’ve dreamed up, but you can say you have never sold your soul (no matter how many bits it has). I seldom see anyone wilting with the market here. That’s because this thing is actually based on idea. And huge part of that idea is a freedom of choice. SAFE Network will do best when people wanna choose if, when and how. In the end, BTC would do best if you had no choice but to use it. I’m really looking forward to cutting away from BTC and its crypto culture BS. Rough times or not.