Friend, I don’t know if you understand, but we’ll only have anonymity if the whole world uses crypto and everyone has a crypto wallet. In Bitcoin and other cryptocurrencies you have pseudo anonymity. This means that your anonymity is only while you are on-chain.
Because no one uses Bitcoin when you’re the only one who sends a 1,000$ bitcoin to the middleman and then you’re the only one who spends that 1,000$ on the middleman’s site, it’s clear that it’s you. With blockchain you are totally tracked when you step off the ramp.
This is not the worst, however. How many people know about Bitcoin? It has been around for 10 years now. Even my two 80-year-old grandmothers know about it.
Where are the people? Why doesn’t everyone have bitcoin? I’ll tell you why. Because an ordinary person believes he does not need it. He has fiat money and most people don’t understand how fiat money works.
Most people follow the wrong logic that because they are good people they do not need anonymity because they have nothing to hide. But without anonymity, the doors of totalitarianism open wide. People have the right to communicate and exchange without intermediaries.
But as you can see, the mass of people has not moved a finger for 10 years. The only thing that attracts the average person to the crypto is the high price.
Therefore, I personally believe that people will not initially use the Safe Network, but will speculate with it as they speculate with the rest of the crypto.
Well bitcoin was created as an alternative to the banking system. You can send money without intermediaries. Residents of countries like Iran, North Korea do not have access to our banking system and their transactions are censored and they really need Bitcoin.
I think this is the most feasible way to market the SAFE network. If I go to a company and show them a use case then I can be like “oh look and I have exactly how much safecoin you need for X price” … as long as its not way off they will probably just buy from me like “whatever this is less then we would pay for any other similar solution and this guy brought it to us so lets buy from him/her”
TV commercials and similar I have to wonder who is gonna pay for all this. Why would I want to be the person spending money when the reward is shared by everyone. Just let someone else do it.
My take is that the main reason more people don’t own bitcoin (or any other crypto) is because it is still too confusing and cumbersome to purchase for the “man-in-the-street”. But then, other cryptos don’t have Jim Collinson working on this problem. That, by itself, makes Safe a much better bet than any other “coin”.
Let me explain why. 4 days ago, everyone stacked Hex for BigPayDay and each received between 30-100% more Hex. Literally 30% inflation of the entire currency in 1 day. So it may seem that Hex did not go up in price, but some people have doubled their money
To be more clear: the Safe marketing fund had 47349 HEX (186,60$), now it has 85067 HEX (335,24$) at today’s price
Plus of course it makes more money every day because I stake it:
I was not talking about marketing Safe, but marketing the possibility of opting yourself out from the use of official population data for direct marketing, which is a case in Finland. @Sascha just said that the option to opt-out is not much advertised, and I was trying to make a joke out of (direct)marketing the possibility to opt-out from direct marketing. “Hello, does this kind of marketing call annoy you? GREAT! We have a good news for you…”
Of course the joke would be better if really carried out, and I personally would find this kind of joke fun enough to spend some money for it with no other personal benefit, than the irrational fun of it. But MAID / SN token should be maybe at least 500€ so that my laughter would not be limited by the personal economical impact.
But in general, I think I’d enjoy spending on this kind of jokes more than spending on a Lambo, for example - even though the “benefit” is shared by everyone.
But I think hedonism is often misunderstood. Nowadays it often brings to mind an image of a selfish, overtly rich person having everything in excess, eating too much good things on every meal - or something like that. But at least in ancient Greek hedonism meant simply looking for pleasure and from that point of view it is important, for example, that you don’t do nothing in excess (like eat too much of a good thing), because that is actually not pleasurable. So I think we should not disregard hedonism right away, but it is essential to see where the pleasure actually resides for you, and not to think that excessive wealth and uninhibited lifestyle would automatically bring happiness, or even pleasure. Maximising pleasure probably means some sort of moderation of your primary impulses.
For example, your life may not be very pleasurable, if you are overtly rich and in pains you to see the poorness of others, their lack of basic means.
Lambo with a Tesla powerplant - with software to mimic the power delivery of a 4 litre V12 and a sound system to match.
Carefully ballasted to get the weight distribution like the original and a 2/4WD switch for safety/authenticity
Whats being English got anything to do with it?
Be proud, the English (Jaguar) made the finest V12 ever and in far larger numbers than Ferrari and Lambos combined.
Not everything BL made was shite - just 90% of it.
Although I wouldn’t doubt some institutional and high net worth fomo. The argument against the dollar inflating and going down in value is finally pretty clear to the rich or those with large cash positions. Look at bitcoin decouple from gold. The stars look like they are aligning in the same predictable manner they have previously for bitcoin. Will there be nasty pullbacks? Yes at some point but is that when retail finally is convinced to buy back in? Crypto community doesn’t seem to know where or whether to short the previous ATH at the moment.
Nothing wrong with setting a stop loss under invalidation levels so you know the trend has changed, you stay in profit, and you avoid missing more potential gains.
Seems a bit too soon in the cycle for selling. The previous ATH hasn’t been breached yet. Maybe folk will take some profit and have a breather (in alts?), but I suspect the bull run is just getting started.
Funny enough, I love Safe Network for the technology and privacy aspects, but I’ve only ever held a passing interest in crypto price fluctuations in general. Can somebody briefly explain why bitcoin and friends suddenly exploded to December 2017 levels?
The article @zoki linked, mentions investors using it as a store of value like gold or bonds in uncertain times, but this seems a little counterintuitive, no? When times were most uncertain in March after Corona Virus entered the public consciousness, crypto crashed. Yet now it’s doing the opposite despite similar uncertainty? Besides the fact that, given the comparatively unregulated and volatile nature of crypto, using it as a safe store of value seems dubious when you’re concerned about losing your investments I would think?
