Your volumes etc is trading and just shows people trading. Does not equate to value for the coin. It may or may not, just shows potential. OK for MAID
BUT for safecoin we need native to be developed
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I agree that WE need that. What Iām saying is that traders donāt need that. Money are in the ETH ecosystem, they need a ERC20 safecoin to trade and speculate and someone will do it.
I repeat my question again. If it is inevitable to have an ERC20 safecoin how will this affect the farmers in the network?
I answered that above. Its not really a big benefit and possibly a long term control/manipulation of coin price and thus potentally controlling growth of network
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Iām perhaps not up to speed on all these DeFi projectsā¦ can anyone tell me about any that are widely used that arenāt related to day-trading? Whereās the utility outside that?
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This article can help you:
@JimCollinson In short, you are the exchange (with no KYC). You collect the fees. This is really bigā¦
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The thing is, it is not inevitable.
As has been stated there are smart folk on ethereum, with lots of money to invest.
If they want to invest, letās make it easy for them to do with native safecoin.
Its just a wallet, if they figured out how ethereum works, they will easily grasp how safe network works also
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Iām trying to say that itās much easier for you to go to the mountain than to move the mountain to you.
Thousands if not millions of people have locked money into the DeFi ecosystem on etherium
Which you think is more likely:
- make these people move their money to us
- or make an ERC20 token and add it to the ecosystem
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The only thing that moves money into the safe network is data. Thatās were the value is.
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Exactly. And smart people will understand that this will happen long before the data is on the network and will speculate on what the network will one day be. This speculation will affect the network now. The question is how. Rob said his opinion. It will be interesting for other people to share theirs.
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Thats not the whole issue .
As neo tried to explain to you, it will be better for safe network health and stability if native safecoin is the primary way.
If people want to invest in safecoin, let them buy safecoin.
Donāt let greed of all the money in erc corrupt your judgement about what is best for the network as a whole.
If i was into ethereum, and i wanted btc, I would buy btc and not wrapped btc.
Same applies with safecoin.
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Friend, can we not turn the discussion into personal attacks, please? I think it is clear that we are all friends here and united by a common goalā¦
In this case, we are talking about what a 3rd party would do, which will see the value of what we are doing. What is this third party more likely to do - try to convince people who have locked their money in the Ethereum DeFi ecosystem to move them or try to transfer our value to their system?
I was not trying to personally attack you, sorry if it came across that way.
I was trying to look at your incentive, and to me, perhaps wrongly, it was the money in erc, because thatās what you keep circling back to .
These people are not daft, they understand crypto, if they choose to buy a 3rd party product rather than the real deal, more fool them imho.
Edit.
Locked in crypto, is locked in, but we need to make it easy to move from one to the other, and that is is easily done without erc safe , we only need safecoin.
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I play the role of the Devilās Advocate in this case. Of course I, you and everyone here will take a real safecoin before the ERC20 token.
The problem is that the Devil exists and as his lawyer I try to say what I think he will do so that we can prepare and defend the project we fight for and love so much 
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well we can not control the world or its people, it we wanted to we would probably not be here to start with.
Let ppl do what they will.
Edit.
Again, neo explained why he thinks native safecoin is better for us to push, and i agree.
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And they will do whatever they want. It is not a question of stopping them. The question is how can we include their actions in our plans?
Donāt, let them be.
Iām done for now , enjoy your day.
As a libertarian, I agree with you. What worries me is that a third party will make a 2nd safe network, make an erc20 token to it, advertise it on its official channels and inflate the price of their token, which will attract our farmers to their safe network.
But what will they be farming exactly?
If I am this 3rd party, I will generate 10% of the tokens and airdrop them to people with large wallets in the ethereum network. I will start my own farms and wait for people to use their free tokens to fill them with information for new farmers to farmā¦
But Iām sure smarter people than me will come up with ways to make more money. And there is a lot of money in the Ethereum ecosystem
This obsession with ETH and talk of copycat here and on Telegram just looks like every other short pump and dump scheme. The only viable network will be the one aligned with core devs. The prospect of app devs jumping to a copycat seems rather slim.
ETH to my mind is a closed ecosystem that itself has not bridged to mainstream. Yes there is money there but only 1/7th of BTC. At least the public has heard of bitcoin.
Again the biggest attractor is a working network with devs support ā¦ once established beyond MVP, a copycat has little prospect and before that only fools would prefer it.
The option for catering to ETH20 prelaunch is there aboveā¦
Still, the better part of SAFE is not about greedā¦
As aboveā¦ ETH is a minor consideration
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