Let me try to explain it to you like this. You want freedom, security, privacy. This is the product you are looking for.
The poor man wants to buy his child’s shoes. If the poor person joins the Safe network now it will lead to the production of your product.
But in order for the poor man to receive shoes for his child, he needs a direct method of selling safecoins in rich countries.
For him, local safecoin is not an offer. You will not come to Bulgaria to buy 1 safecoin.
But if the poor man has access to a large market with speculators, he will be able to sell there immediately.
This means that as soon as the Safe Network starts, it will start saving lives. We will not have to wait for years for apps to be developed on the Safe Network.
Speculators will immediately start speculating on the future. So David is right and you are right. You are talking about the future. I’m talking about the beginning of the network.
True, but not alone, he could create apps, work for others across the network, farm etc. etc. Imagine farming works very well and we can distribute computers to these folk, solar powered, starlink connected and they “pay” for those computers via farming. Then work that out further and we distribute wealth in many forms, money, assets and access to the most valuable thing, data.
In parts of Africa the poor farmers were getting ripped of (Ethiopia) as they sold grain to middle men who took all the profit, they also grew wheat when wheat was plentiful and they should have grown oats. Then a stock market happened and with access to data (it was rudimentary once a day update via text) farmers knew the price of all cereals. So they did not need a simple payment to them, they needed data and that earned them cash.
So it’s the give a person a fish or give him a fishing rod type thing.
The answer to worldwide inequality is not cash injections alone, it’s equal opportunities.
Of course this will be great. But children are dying now. I see no reason not to promote among the poor that they can set up a vault right now (when the network starts) and make money right away and save lives right away. Am I wrong?
OK, this is getting really off-topic, but I’ll want to give another example. A friend of mine is running a small scale tourist business in Mozambique, which is poor country, with a recent civil war. People really have to grab every opportunity to get a living there and they have very little trust that anything lasts for a long time. So she really has a hard time for finding an employees that would not steal the property of her company. She has had to lay off many folks because of that. And they know it is a bad idea to steal from your boss, but still they try. I guess because it is best to make most of this opportunity, as long as it presents it there. Who knows, there may be another civil war around the corner, or now this Covid actually wrecked the business. So maybe it was a better call to steal than not to steal?
What I mean to say is that long term thinking is a form of luxury in itself, possible for the people who live in conditions where building some kind of trust is possible.
Now imagine is SAFE could become a foundation of trust for those that don’t have much else to depend on.
A few days ago I spoke with a man from Nigeria in the Safe Telegram channel. We agreed to help him create a local Safe community when the network started and distribute flyers and posters.
Is it better for me to start learning to program and make an application instead of helping this person to be one of the first farmers and, accordingly, to earn the most safecoin, which he will be able to sell immediately and help people in his country immediately? Children are dying now.
I think you understand that I agree with you in the long run, I’m just giving you another perspective short term…
I’m afraid we are just going round in circles a bit now…
But to reiterate: ERC20 will not help the guy in the scenario you describe.
If he has some safecoin, and he needs to trade it for IRL goods, then he just needs to able to trade it directly for those goods, or to another local currency, not via a secondary market, which would make the conversion slower, more difficult and more costly.
I don’t think you’re right because he’ll have to find a local person who want the Safecoin. The ERC20 token gives direct access to a market where you can sell it for stablecoins dollars…
KYC is not an issue because he already has a method of getting local currency in and out of Etherum
In which case: all he needs is that native Safecoin exchange and not ERC20. He does not need the secondary market!
This is what should be pursued for launch. It’ll be less work for an exchange to do as well. Or perhaps even better, encourage him to start his own local community safecoin exchange, could be in person, or one the safe network, or wherever. Another business opportunity for him!
ERC20 may have its merits in certain niches, but will not help the individual you describe. Again, because it will, be slower, more expensive, and more difficult.
Of course, I hope you are right, and of course I will support every effort in this way. Just as I will support any effort in the direction of a ERC20 token, because although you are right for it, the token can happen immediately and when children are dying time is a luxury…
SAFE-network will probably not help very poor people in a direct economic way. The SAFE-network is and will be an internet software infrastructure, it might help very poor people get freedom of speach, access to data, apps and to trade value.
As populations of very poor countries tend to double the population size relative often there is a near endless supply of very poor people. If they would lower the population over time they would get higher standard and quality of life. The relative fast growing populations in poor regions is a nightmare that also adds stress to eco-systems, but unfortunately too few people and organisations care about the problems.
You’re right and I don’t think the Safe Network can solve all the problems. But it can help some people, and when that part of the people start acting in the ways that David describes, they will help their local communities even more.
I hope you and David will be right and that the future will be better for all.
Sadly the future from the trend I see is not so positive right know. Planet becomes hotter, the use of resources pushes eco-systems to the limit. The goals of reducing emissions and resources is countered by an ever growing world population and more people getting access to a higher standard of living. I hope to see some positive trend and attempts and they need to happen soon, preferably yesterday.
Man, we live in a time when the Safe Network is being developed and we will see its birth. It’s like we were alive when the first people discovered the fire
Hah, one more off-topic point I want to make, is that it is hard to even think about the difficulties people face in different conditions.
One example from Mozambique is that there is a shop that sells, amongst other things, plastic buckets, that are normal buckets BUT they have a small hole in the bottom. No one knows why there is this hole. Maybe some second class products that are “destroyed” by boring a hole there, but then some clever businessman decides to sell them to Africa anyway.
Now in western part of the world you wouldn’t even consider checking carefully if the plastic bucket you are buying is in working condition. But in Mozambique (and I guess in many African countries), you can buy all kinds of shit you wouldn’t even imagine can exist. So it is really no wonder if trust is a scarce resource there.
Ok, I just wanted to share this kind of funny anekdote, but to try to make this even a bit on-topic: “something to trust” could be one appeal of SAFE in many parts of the world.
I would sell 90% of my MAID holdings if I could. At any price to be honest. I dont think the price would go up if we became tradable on a DEX. Look at the pattern. Old coins dump, new projects rise when it comes to altcoins. If it can be done without losing time I guess I would benefit from it. But I would sell 90% of my holdings right away. We could go so close to zero that the fee wont cover the affair. Do it only, if it does not cost us any time before we have a working net. The best bet for any of the investors in MAID is a working product now.
… waste of time again.
my apartment have been hotter than hell for the last three summers.