your basic needs are this forum lol.
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Ahh communism. It looks great on paperâŠuntil you run out of someone elseâs money (credit for that one goes to my step-dad)
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Creating a money (the monetary volume and the estimation of its «value» as an exchange tool) through the human lifetime expectency (like proposed in the TRM) instead of scarcity (Gold, Debt,âŠ) is not incompatible with work, exchange, capitalization, and whatever.
And this is not a question about comunism versus capitalism but more a question of «what about the unemployement in an automated technological world» as discussed in this kind of articles.
My own basic needs are to fill my gut with something before being able to pull it out of my ass. 
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Safecoin is neither based on itâs usability as a medium of exchange nor itâs scarcity. It is based on the tangible ability to store data and is âbackedâ by the resources that are provided to do so.
This was the main argument against @Andersâ proposal to separate Safecoin from itâs backing (farmersâ contributions to the network) a week or so ago.
As far as the profitability of Safecoin - this is mainly meant to be utilized for network services, not as a strict medium of exchange. With personal revenue from the network (as opposed to other users) being slim to none, this does little to assuage the fears in those types of articles. (However, I would strongly advise you to listen to @dirvineâs view of the autonomous future in this Sovryn Tech podcast) This is another main argument, this time from the discussion of Pay the Producer and APP rewards.
As such, it is mainly to be used as a circulating credit with which to utilize the network. If used as a store of value, it has the chance to lose itâs usability and therefore cripple if not break the networks ability to perform itâs most basic function. (IMO)
lol i donât think youâre doing it right
Well whatever Safecoin is based on, iâm hoping to get rich of this stuff 
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Please donât tell me youâre serious.
And at least say âwealthyâ. Being rich is temporary. Being wealthy is persistant. It means that you at least have some financial intelligence. Otherwise, as soon as youâre rich, Iâll charm all of those lovely safecoins right out of your wallet into mine. Iâll be the wealthy one, and youâll be the one who used to be rich. Hmm.
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Lets say a wealthy person wanted to screw with the lube of safenetwork that is safecoin and just for fun purchased every safecoin available on every exchange up to a ridiculous amount like $100 per safecoin and held for few months till the price once again found its equilibrium (the natural market value) then dumped all the coins at once driving the coin to a fraction of market value⊠rinsed and repeated a few times. How would that affect safenetwork?
Where does this need to be rude & condescending to people come from
I donât think many people would feel screwed if they managed to sell their MAID for 10000 times more than they paid for it.
Which is why it wonât happen: a wealthy person canât be that stupid.
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One thing Iâm confused about - the price of Safecoin is the basis of safecoin: the storage space. That would remain the same no matter at what price the guy bought.
If youâre talking about Safecoin <-> Bitcoin, the âfraction of market valueâ would be valued in bitcoins, which wouldnât affect the network at all.
If youâre talking Safecoin <-> Farmers, that probably means that there will be more PUTs, because many people just bought cheap Safecoins and want to use them. That fills up the network (to an extent) driving the farming rewards higher, encouraging the newcomers to try their hand at farming.
By my logic above, it leads to mass adoption and higher farming rewards. Thank you Mr. Wealthy Nincompoop!
Now during the point when heâs "hodl"ing onto the Safecoins, there are less safecoins in circulation - which is a bad thing. Each Safecoin then that is being held onto by others becomes more valuable. Farming rewards would be reduced since there would be fewer PUTs and GETs would still be happening. There are also no newcomers, because there are no coins on the market.
This could be a real attack in the early days when there is a small market cap of the network. Luckily enough, due to the crowdsale, I doubt a serious attack like that could take place, as the network will already have value outside of itself.
And thatâs all Iâm talking about really - the value the network has outside of itself. Safecoin will continue to circulate within the network. Itâs only when you start trading it outside of the network where you run into problems. Luckily enough, those problems are usually contained to outside of the network (and usually deal with Mr. Wealthy Nincompoop losing a lot of money)
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David Yamanaka wondered about a deflationary spiral scenario that could develop in the early days and I put my scenario about that here: https://safenetforum.org/t/network-speed-network-data-structures-forever-storage-economics-challenge-response-authentication/5221/25?u=janitor
In short, there will be very many coins and PUTs will be very expensive (if the price of MAID (SAFE) doesnât drop dramatically).
Bitcoin is not replaceable, but it is scarce and its scarcity is largely physics-dependent. MAID (SAFE) is/will be much more dependent on social dynamics and economics (incentives) on the network.
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I am not saying there is a remote possibility this would happen, rather would this upset the functioning of data storage and retrieval and how.
But if everyone is a farmer�