Safe presents a new business model if you are an app developer u get rewarded depending on the number of users on your app. This means an inbuilt collection wallet will be ready every time someone uses your app.
The benefits are not only security but all insurance,trade , music , videos, movies book authors will buy pass the middleman and get to interact directly with their clients.
Think about that companies in UK pay $10 000 or more a day to security companies protecting them from hackers. Safe protects these victims at very low daily costs
But is it better than open source? Open source removes the silo style protectionism in pay-for solutions. I believe a more powerful model is to have distributed open source pluggable services that are compatible with each other. The SAFE network may be a less expensive version than today’s internet solutions overall but I believe a completely free network is much more powerful.
by free what do you mean ? Services and products must be paid for i believe no network can thrive without an incentive mechanism rewarding producers and consumers will be the life blood of any network that seeks to replace the traditional internet
If the SAFE network becomes dirt cheap to use, then the cost would basically just be spam and attack prevention. Could work! I have an idea of having safecoin as being independent of the core network services. Safecoin is then only fuel for the farming. And farming safecoins will become so popular that it allows the network to be completely free to use, including for storing data. But ok, there’s a spam and attack risk with that so the current model might be better after all.
I will not speculate on the cost of using the Safe network but you should realise that there is about 4.3 billion safecoins a limited supply that will be an incentive to the network. If Safecoin is the currency of the network i dont see how it will be dirty cheap in the long run considering all the apps, services and products on the traditional internet will also be replicated on safe network. By this i mean all social networks included. I dont see this as just a spam ad attack prevention but a totally new business model and platform that will be useful in so many ways than the traditional internet
I meant dirt cheap to store data on the SAFE network. Data storage price/performance is improving exponentially, so the storage cost will even go down for the same amount of storage. And if the safecoin price in fiat currencies goes up, the PUT cost goes down if I have understood it correctly.
One tricky (and clever) thing is that the farming reward is for GETs not for PUTs. The algorithm is described in the Safecoin RFC but I wonder how the actual distribution of safecoins will be over time. For example how many years until all safecoins have been farmed? 1 year? 10 years? 100 years?
i am not sure about distribution of safecoin but i think it will be rational and based upon demand in the network. definitely all 3.4 billion safecoins will not be obtained in one day or year which is a good thing in rising the value of the coin attracting investments and give incentives to farmers, builders and consumers.
Originally it was estimated that 95% would be farmed within 10 years:
With the proposed mining procedure (and assumptions) it is estimated that half the total volume will issued during the first 5 years, with 95% issued after 10 years
I read somewhere that future versions of the SAFE network can allow farming of CPU resources. That can change the estimation, but maybe not much. Around one decade seems reasonable. One potential drawback or actually also a benefit in terms of network stability, is if the value of safecoin follows the cost of data resources. Then the value of safecoin will become very stable but it will become pegged to basically exactly the value of the data resources in the network which is far less than the potential for the total market value of the SAFE network.
It’s offering you privacy, security and freedom, so yeah it costs a small amount of money… but if you consider farming and or app development you can use the network to your own advantage.
Will it increase monthly internet connection fee for those who don’t have flat rate and want to provide 100 to 500 GB to the network (i.e. farm with it)?
Yes, that could be. I think people with “unlimited” internet connections have more possibilities than others. If you are limited to say 500GB you might want to limit your farming to 250GB a month. You can make some coins is the idea, or at least it will give you some storage on the network.
So 500GB of storage space can’t be provided via e.g. 5GB of monthly data limit on a mobile internet connection? (I currently use my smartphone as a router to connect laptop computers to the internet).
Surfing and downloading from Safenet will be free. So if you could surf the normal internet up to 5GB you’ll be able to surf Safenet up to 5 GB as well. But when it comes to farming you need to know your upload restrictions. If you’re allowed to download 5GB. a month but upload only 2 GB. a month that might give a problem. A good option in your case would be just to pay some money and buy some Safecoin when they’re around (I already own Maidsafecoin and will change them to Safecoin when I can). I think that will be a better solution when you’re on mobile. But yes, you can farm a bit even on mobile if you really want to. That’s the idea.
Interesting topic. I’m actually with the original poster in believing that the average Internet user will not understand, care about, or be interested in paying money for esoteric ideas like “data privacy” and “technical freedem.”
I also think that’s moot. If MaidSafe achieves its technical goals, the average user will happily buy $5 SafeCoin when you can use it to pay for access to a movie or music collection, a couple of video games and an online tax-filing service that comes with lifetime backups of all your previous W2 forms. Done right, the average user will have no idea about any of the technological, social, or conceptual leaps that are represented here.
Done right, it’s just simple motivations on a solid economic and technical delivery platform:
Average user: “I want that App. I have to buy $1 worth of SafeCoin.”
App developer: “I can work for myself, get paid directly and my infrastructure is more scalable and less hassle than even AWS?! Plus the cost of failure is nothing more than my spare time? Sold.”
Farmer: “So basically if I can manage to keep a computer turned on - free money. Cool.”
Its probably been pointed out above, but there will be something to the the OPs post until the end users own and control completely all the hardware, software and bandwidth the system and its back channel needs. That can be done through open verified hardware and software based mesh phones using software defined radio, LiFi and free space optical.
It is very likely that maidsafe will be a cheaper version of the internet. Its economic model (which ive always considered the real gem of the project) more or less ensures that pro-connectivity, pro-interactivity, pro-smart-edges thinking network usage is affordable, even profitable for those who can help the network accomplish its larger goals. Bright thinking, indeed.
