I’ve watched all the videos I can on youtube (including the FAQs with David and the technical overviews with Erick Lavoie), and read all the relevant FAQs. But I’m still unclear about…
There seem to be a few different “roles” in the network (Transaction Managers, Vault Managers, Vaults, Farmers… are there more?). Does a user decide how many of these jobs they want to do? Does everyone do everything? Or is it more like how Bitcoin miners make a decision and an investment to take on a privileged role?
All users generate a unique ID that should never collide with any other user (like Bitcoin private keys). However, we have seen “collisions” in the Bitcoin space from bad RNGs and malicious attacks including straight up key theft – what are the consequences of an attacker or another user obtaining your ID?
I sort of understand how Safecoin ownership transfer works without a blockchain, but I don’t completely understand how clients on opposite sides of the network who’ve never connected before can accept Safecoins they’ve never “heard about” before – is there a genesis block or something that roots all coin generation for the entire universe? Does a transaction need to prove the entire chain of custody since generation to be valid? I am looking for a video or infographic about this process but haven’t found any yet.