I don’t get why we are even debating this in such length of a 132 post thread. If safecoin really is an exchange of computer resources then isn’t it obvious that it NEEDS to be divisible because it’s being exchanged for an easily divisible resource? It’s like trading gold for water. You could argue smelting and dividing a gold bar up into coins is “hard” or “unnecessary” but if you really want to divide it then you simple trade it for an equal value amount of water and divvi it up. Simple. If I want to divide a safecoin I simply find out how much data 1 safecoin is worth and then pay people in data not safecoin. How many TB, GB, MB and KB is that product worth? But ultimately it would make things so much simpler if safecoin was directly divisible so one could just say it was worth 0.001 safecoin or whatever.
I would also like to remind everyone that safecoin does not exist in a vaccume. Aside from the whole resource balance dance the network will play between data costs and safecoin awarded to farmers, safecoin itself can be traded for other currencies. Also keep in mind that the price of safecoin will be affected by the price of buying phsyical hardware. If I can go out and buy a TB hard drive to store my data on far cheaper than storing my data on the safe network I’ll be motivated to store, or even transfer, data on local storage mediums or to go out and buy up a bunch of hard drives to use to farm. And physical hardware costs physical resources to create. If 1 safecoin costs $500 and 1TB costs $100 in hard drives then it doesn’t matter what the network charges for safecoin because I can sell that safecoin for bitcoin and then fiat and go down to the store and buy a bunch of hard drives. There seems to be this fear the price of safecoin will go up above the dollar value like bitcoin is. Currently bitcoin is selling at what? $400 ish per bitcoin? What of it? If I can farm safecoin sell that for fiat and go out and buy a bunch of stuff that’s awesome. How do you introduce inflation to the safe network? Sell safecoin for fiat. If safecoin value gets too high for people’s liking they’ll just sell it for fiat. In fact that’s probably what a lot of them will be trying to do a lot of the time. Actually selling safe for bitcoin would probably have the same effect. The more people want to own a currency the more valuable it is. The less people want to own it the less valuable it is.
I like this idea. Both the WoW style “coins” idea and infinite divisiblity models appeal to me for different reasons. I would like to point out that there shouldn’t be anything stopping people from creating “coins” via structured data and selling them for whatever value. One could even have such a system governed by an app. My point is not only could both systems exist simutaneously but one could create alternate systems as well or alternate value amounts.