If The Network Isn’t Live Yet How Does Maid Safe Coin Exist Already?
You should include the chicken and egg problem. These coins that already exist solves the chicken and egg problem. Because without it, the network cannot function.
The 1 dollar is purely speculation. We don’t know how much 1 safecoin is really equal to until the network goes live. 1 safecoin could be .10 cents each if the network decides this so…
Another thing is that if we scrap the USD all together, or USD collapsed… We could use safecoin to buy harddrives. If we do that way, it would make everybody life easier because it is easier to pay based on the resource instead of paying based on inflation with faith.
To clarify this, if you want to buy 2 pounds of apples, it would cost you .1oz of silver. This make sense because one would trade weight for weight.
But if you trade 2 pounds of apples for say… 10 dollars? How do we measure 10 dollars? What is it based on? What is 10 dollars? 10 dollars of what? That doesn’t make sense. get it?
This is no different for safecoin and harddrive. We would be trading resources for resources.