Hello,
Just a couple of questions:
Would it be possible to hard fork the SAFE Network and the data on this? I am not sure if this is possible, but if it were, it would probably only be an issue when the network was small.
If it were possible, what would be the consequences? Could someone than make changes on the hard forked network to get easier access to the original data?
Thank you.
Yes you can hard fork the network, but this is nothing like blockchains and no data would exist and all data has to be uploaded to the new network
You donât have the original data
Thank you for answering
And even you got the data, the network cannot decode it so any fork could not decode it. That is done on the userâs computer. And so all data has to be downloaded then uploaded on the new network. Even the vaults cannot read the private data, even if they wanted to
I had the same question, so thanks for asking. I have a separate, but related question. I heard that the SafeCoin will be principle currency if the network, but at a very later stage other existing currencies may come in - I assume for purchasing âthingsâ rather than space. Any info on how this may work? Itâs is as simple as you can purchase something from a site hosted on the SafeNetwork, transferring Bitcoins to the vendor as a purchase or donation, or something more integrated?
Most likely these other coins will be set up using data objects (likely to be appendable data) with an application to handle the transfers. If its done using them then there will be some cost of safecoin for the writing to the network done in the process
It is possible, and there already has been an example of how to create âalt-coinsâ on the safenet.
As others have said, itâll be possible to make all kinds of tokens on the Safe Network that can be transferred at very low cost, near instantly, and with huge transaction volume capacity.
My hope is that developers will figure out a way of having Safe Network connected full-nodes for various blockchains that can âlock upâ other crypto assets on their respective blockchains, and issue Safe Network proxy tokens for them. The proxy tokens would be able to be âwithdrawnâ by burning the tokens on the Safe Network in response to the full nodes.
So far, nobody has laid out how this could be done securely, but Iâd be very interested to hear if anyone has potential solutions (possibly some kind of coordinated, anonymous multi-sig arrangements with private keys hidden in the Safe Network until theyâre needed).
You will be able to send/recieve and buy goods and services with the future created Maidsafe Safecoin. On the SAFE-network you wonât need other cryptos other than Safecoin, even if it is possible. The future created Safecoin will not only be good for buying storage.
Thanks everyone for the descriptions of how it may be envisaged. I think most if not all transactions, storage or otherwise, will be better using SafeCoin. However, and perhaps controversially, perhaps there will be advantages of using non-SafeCoins for purchases of products - one strangely being that using alt-coins will be less private, and there may be occasions, when making transactions, that people choose and want to prove that they have made this transaction openly, and not fully confidentially. I appreciate that I am verging off one of the core principles of the safe network, but I think there will be occasions when people want to transact on the network where they want to show / demonstrate / prove that they have nothing to âhideâ or are doing nothing nefarious. Just a thought.
This sounds like the side chains idea. IIRC, it has been implemented successfully and allows coins to be locked on the primary chain, essentially temporarily transferring the value to the side chain.
I think some side-chains have been demonstrated, but I donât think theyâre trustless yet.
Itâd be interesting to see how something similar could be integrated with the Safe Network.
In order to have the data I assume you would need to edit the main network, which has various protections built in, to prevent malicious updates
To be honest, I never understood the point of having the separate PDC coin for Project Decorum. Maybe @Seneca or @bzee could explain?
I hope they do. I invested a lot in PDC
tBTC is the latest greatest.
Say someone creates d/net market .
Then creates specific coin for that mkt.
They would not have to accept safecoin on their market.
So to say you wont need other coins is very short sighted and incorrect.
We still donât have safecoin.
Ppl who invested needed something to prove how much stake they had in the project, also to be able to trade it we needed something.
Because in a social media network where anyone can have as many accounts as they want, a globally recognized endorsement requires a token of some value to be permanently attached to the content in question (this is also known as âburningâ a token). If the token could be taken back then there would be no cost for the endorser which would make the gesture worthless. If it would go to the recipient people could simply endorse their own content without limit.
Using SafeCoins for permanent burning seemed like a bad idea because SafeCoin is supposed to have a fixed supply, and burning SafeCoins at scale could disrupt SAFEâs farming algorithms. Back then the degree of divisibility of SafeCoin was also up in the air.
Thank you for replying, but Iâm afraid I still donât understand. I wasnât around when PDC was launched and I hardly know anything about the project. I guess Iâll just have to read some more if I want to understand it better.
This is going a bit off topic, but has there been any development in Project Decorum? A social platform on SAFE sound like a great idea, but the site
seems to need some updating. There is a link to https://maidsafe.readme.io/ that says âThis documentation is no longer maintained.â