$1 Email! is the Network Out of it's Mind?

[Al_Kafir]

@betterthantrav

Could I send 0.00000001 Safecoin as a tip to another Safenetwork user?

You Scottish by any chance?

[anon40790172]

@Al_Kafir

You Scottish by any chance?

So glad you didn’t talked about us Dutch people ;-). We’re in some very negative sayings all over the world when it comes to money.

[happybeing]

@betterthantrav

I thought I read somewhere that the dev team was trying to avoid subdivision of Safecoin?

You are correct. This thread is confusing two things:

1. Subdividing Safecoin, which is not possible now and not planned, but could be done in the future.
2. Paying for an amount of resource using the minimum amount of Safecoin (ie one Safecoin) and then using up the resources you’ve paid for, a bit here (to store this file), a bit there (to send this email) etc.

So we are talking 2) only.

[Al_Kafir]

Lol…I know it’ could be interpreted as stereotyping, but it’s really not meant that way…lol… it’s just an English/Scottish jovial banter thing… it’s not something I believe.
You see I’m OK because I’m English and I don’t think anybody can possibly say anything bad about us…can they?

[MyLegacyKit]

Uhm… Then how it is possible that Poloniex exchange supports trading MaidSafeCoin up to 8 decimals? How will that be exchanged to SafeCoin later?

Poloniex - Crypto Asset Exchange

[happybeing]

MaidSafeCoin (poloniex) is a placeholder token. You will have to exchange a whole number of MaidSafeCoin for a whole number of Safecoin when the time comes, so better round up your holdings!

[MyLegacyKit]

Yeah that makes sense then. Clever move of Poloniex, who gets all the remaining dust after the transition. MasterXchange is doing a better job, decimals-wise, lol.

[upstate]

Bitcoin has Satoshi’s and Safe Coin should have Irvine’s. I’d have said call them David’s but not sure it that’d sound as good.

One Irvine = 0.00000001 Safe Coin.

[whiteoutmashups]

@betterthantrav

Now stop slacking and get back to work

Better not talk to Mr Irvine like that, I’ll get you

[whiteoutmashups]

But SafeCoin doesn’t have a smallest divisible unit yet, so an “Irvine” would just be a regular SafeCoin right now lol

[Ricmaric]

I suggest - one byte irvine

[piluso]

How does the Safe network monitor the real world price of the SafeCoin to adjust itself?

[Ghaunt]

It doesn’t. It’s the real world that monitor the SAFE Network and adjust the price accordingly.

[piluso]

But once I have 1 SafeCoin, how does the network know if it is worth 1 “email” or a billion?

[Ghaunt]

your 1 safecoin worth 1MB. that’s it. You send a mail it use 107 bytes and that is reduced to your 1MB.

[piluso]

That’s not what they said above

[Ghaunt]

I know. That may be some confusion that need to be cleared up. So far as I know 1 safecoin is 1 MB.

[piluso]

So you are clearing up what @dirvine said?

[Ghaunt]

Quote it for me please

[piluso]

@dirvine

Not at all, you will charge your account with minimum of a safecoin. The ClientMAnagers will reduce your balance till zero and you need to pay another safecoin, that could be 10 mails or 10 billion mails worth depending on the safecoin price. Before it’s 10 billion mails I am pretty sure it would allow splitting safecoin down

You will pay for mail attachments as if they were chunks of data that’s all. The network does not need to only consider single sa

@polpolrene

Yup, you need to buy at least 1 pack of salt to create an account, but you don’t use all the salt at once. On your eggs in the morning, you only need a little of it wink So the pack of salt can be in your kitchen for months, supplying you the little you need every time. So when Safecoin goes to $2,30 the price to send an email might drop to $0,23 cents, or 0,0001 Safecoin.

It implies that somehow the SafeNet knows the real world value of SafeCoins.