One Chain to Rule Them All

[chrisfostertv]

(post withdrawn by author, will be automatically deleted in 24 hours unless flagged)

[jm5]

@chrisfostertv

whereby you cannot differentiate if the comments from a badge holder are coming from behind the badge or from personal opinion.

When a mod posts as a mod the post will have a background staff color or yellow. If there is no yellow you can assume it is personal opinion.

[jm5]

Moderation…[quote=“chrisfostertv, post:21, topic:7823”]
isn’t that a prime function of the safe network
[/quote]

On the SAFE Network there will be moderated and unmoderated forums, it will be a choice on the owner of such forums.

[chrisfostertv]

@jm5

When a mod posts as a mod the post will have a background staff color or yellow. If there is no yellow you can assume it is personal o

Well that kind of stands out, if it aint yellow it’s a personal comment…did not know that…thanks!

[chrisfostertv]

@jm5

On the SAFE Network there will be moderated and unmoderated forums, it will be a choice on the owner of such forums.

I’m actually referring to self moderated forums, I guess there’s levels of doing that today…but were still living in a time of self interest, economics of the invisible hand.

[chrisfostertv]

@janitor

So there are all these pro’s and con’s, but the bottom line is when one today parks value in crypto, it’s too expensive to exit to fiat and park it there. Bitcoin is the most liquid and most secure, so for that reason alone it’s a reasonable decision. Even if you never buy any good or service, it’s the best place to store value and it’s widely used as the unit of account.

Sorry got distracted, but yes with negative interest rates, threats of bail-ins (debt for equity swaps) and the chance of not getting your equity back at all…Bitcoin as the reserve and hopefully SAFEcoin as a standalone programmable asset is a darn good choice.

I only just got into watching the markets on Poloniex and boy there’s massive swings between the listed assets, not sure if it’s the result of new fiat coming in.

@janitor

Now back to the benefits: 1) It’s very hard to confiscate, 2) It’s not going to be impacted by the negative interest rate lunacy so if the lunatics from central banks keep going, it’s going to be one of obvious escape routes, 3) IIRC mining costs that need to be paid are few hundred million dollars a year; that’s not hard to collect once the number of transactions goes up (after those changes, including the max. block size increase). (Other cryptocurrencies have similar benefits, but aren’t as liquid and secure, as I mentioned earlier).

Yes thats what I thought…a lot of money, but not so hard to cover you say…was thinking the actual Bitcoin price would be the factor in determining viability, but your indicating the expectation of rising volume to cover the input costs.

@janitor

I’d say bitcoin is doing great and it’s not too expensive for the value and convenience it provides.

Yes, I have read that expressed as a convenience/ utility yield.

Thanks for the input

[chrisfostertv]

@Melvin

You do realize you’re now derailing the thread yourself after I tried to get it back on track after you asked me to?

I’m sorry for calling you a ‘name’ in one of my responses…after an ear bashing from @jm5 (in yellow mode) and a strong hint that I should delete the reference, I decided to delete the entire sordid entry.

I now realize that you were not sporting yellow at the time of berating the Janitor and so it was entirely on your own time that you engaged the cleaning man in such delicate prose.