Know Your Merchant - When a person sets out to make a purchase, in our modern society we have several avenues to do this, they are as such ebay, amazon, alibaba, to name a few. They come lock stock with a picture, a user, and a price. The location of the merchant is usually known. When someone posts a product they expect a sale by someone, and anyone. When a customer makes a purchase they are now at the mercy of the merchant and their policies. Along with that merchants’ policy which “could change at any moment”. Think about Bernard Madoff, hundreds of people surrendered to him their own money based on a crowd effect. This effect would not exist if the customers knew precisely what the hell that guy even did. Though the society is the other way around where Madoff’s job was to simply ensure that his customers were accredited or qualified. And the government takes care of the rest. Afterwards everyone was dumbfounded and pissed off. This is not how society is meant to run. If you want to invest in someone or something or want to buy something a customer should make a thoroughly conscious decision to conduct that transaction and have no need for endless recourse. Lawsuits are not meant to interfere with peoples’ lives for years or tens of years. A friend handed over the whole farm 100 mill usd to merrill lynch - and so. Now flies in every three months to follow up on the lawsuit. It’s been 4 years now, if he didn’t fall for a few smooth talkers and some lofty guarantees that money will magically get created he’s out of pocket the whole inheritance. This being said, if such friend knew what the hell exactly they were doing then his problem would not be.
Standards of quality should be considered always, and if you get delivered quality products from a merchant one would naturally always approach that merchant.
A SafeCoin is essentially denominated by the resources of the network, and because the resources of the network are such valuable utilities there is essentially no need for fiat transmission, the idea of have programmable smart contracts is simple and easy to emulate in the SAFE Network with a simple github like reveal of the source code to a contract. Just for example.
If people were to do their own homework they would live more fulfilling lives, and what they choose to do will be real to themselves.
This is why I am proposing a system and not only am I talking about it, I am also walking it out. This system will empower people to evade the seduction of illusions, and it will endorse the honestly of merchants, and organizations to the maximum extent.
Versus the status quo, of “let’s screw anyone and everyone until we get noticed, and then hopefully we don’t get punished > than what we ‘stole’”
I imagine that should it be possible to purchase computational resources through the SAFE Network or to mobilize computational resources through the SAFE Network, many computation problems could be solved instantaneously, and then offlined as they are completed without the need to construct “the latest soon to be non state of the art supercomputer” to accomplish goals related to research, optimization, analysis. etc.
Money is a proof system that prevents individuals from maliciously extracting from the society excesses. That is why there are so few rich, and so many less rich. That is why objects are ‘priced’ at what people can afford to pay, and at the maximum versus what objects reasonably cost. That is why if you ear 50,000 usd per year, you will expend an identical proportion of your funds on necessities as everyone else… no one can buy out all the tee shirts in the store, or all the eggs in the grocers for example.
It is basically a material goods DDoS prevention system. With latest anti-money laws… and the impossibility to get even 2,000 out of your own bank accounts without a 45 minute delay is attributed to the sanction of governments DDoSing possible terrorism threats. No money, no stuff, no stuff, no terror… simple.
This also leads to: No money, no stuff, no stuff, no innovation… shit.