Proposal for SAFEcoin division - read datastructure topic first - please discuss

SFE is a scam coin created a while ago to use the good name of the SAFE network to scam people. SAFEcoin does not exist yet.

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I may have missed something but any reason why we canā€™t just use 64 bit for SAFE coins? Most devices are there already and worst case we could have a virtual machine anyway?

That way weā€™d have
9,223,372,036,854,775,807 max supply of coins
vs
2,147,483,647 max supply of coins

Donā€™t think weā€™d be concerned about divisibility anytime soon then. Everyone with 1 maidsafecoin would get 4,294,967,297 SAFE at the point of conversion to keep the supply percentages consistent.

Because each coin is an actual data structure stored on the network. And 2^64 data objects would be way over the top. Even 10% of that is super massive. I mean you would need prety much the storage capacity of the world to store them. 16000 billion billion bytes as the absolute minimum.

Then the transactions needed to send a small amount, because each is its own data structure that needs the owner changed on. So what is one safecoin now would be 4 billion transactions for 1$ worth.

This is where division by the balance method tries to strike a balance between 1 coin one data structure and divided coin to 18 decimal places.

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Could we run in 64bit but find a happy medium thatā€™s not necessarily as crazy as 2^64 but more suitable than 2^32?

@neo has hashed these details out with many people over the past few years. (recently myself included)
Search the forum for ā€œdivisibilityā€, this is just one thread of many and Iā€™d hate to see it go off topic.

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ok tks for the answer! but when safecoin by maid will be launch people will be confuse about the names :confused: i have search many days, does someone know something about sfe, theirs devs or adress? :slight_smile:

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We know, there are already forum topics on the SFE issue. I think further discussions about SFE would be better in one of those topics. And you will find out what is being done about it there

The current safecoin proposal already uses a u64 int to hold the 32 bit address.

If you read the first few lines of the OP, this isnā€™t the topic for that concept for a solution. But the major issue is storage space and transaction rate, which would limit expanding the 32 bit address space for safecoin. Also people paid a lot of money on the condition of what SAFEcoin will be and when this expansion of #coins was suggested as a real possibility the howls from some was definite indeed. So it is fraught with danger to go down that path. And each time you increase the #coins the problems appears again and you have to increase again. Cannot increase to say 48 bits straight away because there is unlikely to be the storage for the initial 10% of 2^48 coins let alone any data.

We wouldnā€™t need to go that crazy but a couple of billion is a little low. There might be some concerns (Iā€™d like to hear them though) from the community however if we do a poll and itā€™s unanimous then we should seriously consider it.

Currently:
2^32 ā†’ 4.2949673 Gigabytes of storage (this is nothing, even when the network is small)
Safecoins max supply:
2,147,483,648

2^38 ā†’ 274.877907 Gigabytes of storage (still not ridiculous)
Safecoins max supply:
137,438,953,472

2^39 ā†’ 549.755814 Gigabytes of storage
Safecoins max supply:
274,877,906,944

2^40 ā†’ 1 Terrabyte (maybe getting a little excessive now but still manageable considering this is to hold all currency globally that will ever be in existence)
Safecoins max supply:
549,755,813,888

Personally Iā€™m leaning with 2^39, keeps things simple, 1maidsafecoin becomes around 100 safecoins at conversion and half a terrabyte is a reasonable amount of storage given not everyone has to store it anyway.

This has all been dealt with elsewhere. It goes against the crowdsale and thus cannot be done. Some had threatened that legal action would result if this was done. And with the amount of money at ICO this is a real possibility.

The other killer is that it will not provide for micro-transactions which is a major element people want. For that you need at a minimum 2^42 with todayā€™s price around 1$

NOW again this is not the topic for expanding coin count. From the opening post

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Thanks for the clarity and apologies for going a little off topic!

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