That is what a forum is. A place to discuss things.
Its not a Q&A site. Ask a question get an answer, done. Forums don’t work that way.
I dont know how it would work. Im a marketer, a story teller. Not a programmer or engineer.
And i’m telling you from my experience that selling safecoin to the public is not a good option a better option is aligning dollars (which are tried and true and tested by time) and bitcoin (which is new, exciting, brand-able and more safe in the minds of newbies than SC).
I can give you hundreds of examples of this. Why do you think companies pay athletes, singers and actors millions of dollars in sponsorship deals to sell everything from breakfast cereal to perfume. Why do you think companies like Coke and Pepsi align themselves with the likes of McDonalds and KFC. And even when it comes to direct sales people align themselves with Google, Facebook, eBay and You Tube (Find us on Facebook, Check out our You Tube channel). Bitcoin owns eyeballs those eyeballs trust Bitcoin. The mighty dollar is the same and on top of that people already have stocks of these things.
Im not sure what you mean when you say how do I plan on rewarding people… of course they would still be rewarded with SC. Your not getting rid of SC your just promoting the fact that users can use your network and the services on the network with dollars and bitcoins. In fact your using the positive PR and trusted brands of the US dollar and Bitcoin to your advantage.
This can literally be done with a completely decentralize crypto currency exchange built into safenet pretty much the same day it will be released. super secure way of converting bitcoin into safecoin , without the ability of everyone to get “goxed”
you use bitcoin within the safecoin system you give up parts of your anonymity , which means you give up on your security and safety . you make the thing safe is made for not actually working as well as it shud , and not actually functioning the way it was intended because you want to advertise on a medium that not 5 years ago was smaller than SAFE is today, It would be like ALT coin developers following the next “hype” or “trend” to advertise.
I could give you huge examples of coins trying to link themselves in someway to bitcoin and more often than not it has slowed them down, lowered their success rate and stifled their movement.
I am saying you buy your safecoin credits/tokens with USD or BTC directly.
No third parties, no bullshit.
Like how when you go to an old school arcade parlour you pay the staff at the register for tokens to play certain games where you can win points or just like how you swap your money for chips at a casino and you use the chip as currency while in the casino. Same difference.
You’ve been given multiple reasons for using Safecoin over Bitcoin, if those reasons can’t convince you than there’s not much discussion left.
you also say that we should use BTC because of the ‘positive PR and trusted brands’ to our advantage. If you got convinced by BTC, why can’t people be convinced by Safecoin?
This isn’t the first thread where you’ve received dozens of good answers, you mostly ignore them and restate your own points, maybe you can give better examples than the so called ‘positive PR’ which I also highly very highly doubt.
I think @goindeep asked a great question in the OP. It’s true to form that some in this passionate convinced community jump to its defence, so I think he is brave to ask it being someone who has been here a while!
I would like us to “defend” more respectfully and rationally, or even better: to consider the question and see if we really understand the reason well enough to explain it.
Yes, we may be convinced of the answer, but I have to say that even with my history here I would have to sit and think it through in order to give it a proper answer.
That makes me uncomfortable, and I think that’s what would tend to put me on the defensive. Maybe you too? I ask those who reacted defensively.
I would like to see more respectful reasoned responses, and less need for threads in this forum to get personal and then be brought back to the point. Even then, the rancour still lingers in some responses - maybe some of you can go back and re read what you wrote if you can acknowledge your reactivity.
We Have 99.999999999% Left To Convince!
I’m grateful for this question. If we can’t handle questions like this - really obvious ones for anyone coming to SAFE forum for the first time - respectfully and concisely then we will turn people away (as @goindeep suggests), and we shoot ourselves in the foot.
Anyone For A FAQ?
I’d like to see someone write the answer up as a FAQ and submit it for inclusion in the wiki because I think it will be very common and needs addressing properly: directly and convincingly, without attacking the questioner!
I second this. A few days ago I found an old topic on this forum in which the same happened but worse. A new forum user with legitimate questions was eventually portrayed as a troll and then left. I think we’ve improved since then, but we’re not there yet. The critique and hard questions we get right now are nothing compared to the shit storm we’re going to get once the network is up and running and mainstream attention turns towards us. If we want to be successful as a community supportive of SAFE, we’re going to have try hard to stay respectful and open to everyone regardless.
The most direct answer to the question in the OP is probably anonymity, something Bitcoin can’t provide but Safecoin can. This needs to be a feature for the internal cryptocurrency to have a fully anonymous network.
Can you PM me this topic? I think we’re quite open to new users that ask questions. The opener of this topic got a lot of replies on older topics already about almost the same subject (see below). He got more in this one. And when he asks he’ll even get more answers.
If you’re an activist then you’d tend to believe stuff like that but not everyone is an activist. Compliance is actually more common and any cryptocurrency which makes compliance easier has an advantage at winning mainstream adoption.
Privacy doesn’t require anonymity or total secrecy. You could have privacy and compliance. Anonymity makes compliance more difficult while it does give you privacy as a side effect.
Bitcoin needs a +30GB blockchain to work. It takes days to create that thing and confirm all transactions
Bitcoin is limited to 7 Ts/sec. So when 7 people on SAFE Farm a reward in Bitcoin, 7 Ts. need to be done in that second slowing the network down.
Bitcoin uses transaction costs, so when you supply a Chunk from your Vault, and you earn 0.00000002 BTC, it would be a micro transaction and the transaction costs would be higher than the reward.
When someone Farms a reward on SAFE, that reward is “created” in the network, Bitcoins can only be created by mining.
Would love to have time to reply with more, but a quick thought - did Facebook fail because MySpace was better known?
Bitcoin is still young. It is a relative minnow in currency terms. That isn’t to dismiss it - it is just to highlight that we are far, far away from saturation/monopoly and there is plenty of new space to innovate into.
I think polpolrene made the right point: scalability is the issue here. safecoin doesn’t need a blockchain, settles immediately, supply and demand depend on network resources… it just has to be shown to actually work, which we all hope will happen within in the next few months or so. But with bitcoin it will most probably not work the way it is intended (not even with something like the lightning network, because the economics would not work out)
First off, I´d like to support @goindeep s feeling that reactions have been hostile partwise and I wonder why it has to be this way. To demonstrate that people who haven´t been sitting in this place reading all threads are less welcome?
Anyway, with regard to your question: It wouldn´t make a lot of sense to use Bitcoin - some have argued for the technical advantages of Safecoin (no Blockchain, transaction speed etc). I agree for most parts, but want to add that there is a more profound reason, that is SAFE is supposed to work by its own ecosystem. It´s impossible to “use” Bitcoin, it would need to be built “into” Bitcoin - so it´s really no option/ a totally different product.
Why would you think it´s better to use Bitcoin? Just for the popularity?
I don’t think I am trying to work the anarchist card here –
If I buy hard drives and attach them to SAFE I earn SAFEcoin to cover the costs of storing my data. Unless I cash out the SAFEcoin everything is barter… I provide services to the network and the network provides services to me. There really isn’t a taxible event.
Vs buying Bitcoin at an exchange at some USD price (It is pretty darn hard to mine) and giving it to safe to buy some services. There is a taxable event there (A capital gain or loss)… It is much better just to stay in the SAFEcoin system than migrating Bitcoin along for the ride just to be cool.
If you cash out of SAFEcoin then you would have a taxable event, but that is optional.
That about blockchain data size and download is not true and those who want to learn more can refer to this explanation here.
Median transaction confirmation time is around 10 minutes (a near real-time chart can be seen here)
Hmmm, if you don’t tell anyone what just happened, there certainly isn’t
But if you do, there may be. As you get and spend coins, in many jurisdictions you’re supposed to record the value (in fiat) differential between the 2 times and report any gains as income. And if you earn more than you spend, that too is probably income.
OT: I kind of like it when people got attacked and accused of trolling without me having to be involved on either side of the argument!
So If I provide hard drive space and I store data. How is that going to be taxed exactly? Show me the accounting procedure… What is the buy price? I didn’t buy it. What was the sell price? I didn’t sell it. There is not fiat exchange – everything would be a wild guess.
Generally capital gains and losses only happen at sale. If I buy with hard drive space and I redeem with computing services or data storage, there is no financial transaction, It is all trade of services with a point system in the middle. A point system which nobody can audit…
They can audit the exchanges for fiat though, and I am sure it will be taxable there.
I think your point re: SD cards may contain even 50GB of Bitcoin is slightly western biased. While it is true that for the holder of a 128GB SD card 30GB is not all too important (to me it´s still a hassle, but doesn´t have to be obviously), for people who cannot afford to buy more than 16GB or having a large data plan it is a problem. However, I agree that there are work arounds that shouldn´t be turned down. Bitcoin works better than most other cryptocurrencies.
