Adventurous and innovative Itās not easy to progress humanity, I really wish the last few years had not been so and the core values and principles were adhered to firmly. They are now though and progress seems really in line with the state of art, so the decisions we have made do seem to be borne out with recent papers/ideas/network and so on. So we are all good, letās see though as you rightly say.
This is just looking at it from the crypto financial perspective.
Once you add in people buying for storage and other services, you have further upward pressure.
Could there be 4 billion in circulation? Currently, each section holds a portion of the userās payment and releases it little by little. For a million sections, if each holds 1,000 safes, thatās 1 billion, so only 3 billion in circulationā¦
Yeah, and it will tell it with numbers. Everything in these price speculations, that is based on a feeling of ātoo muchā or ātoo litlleā, is besides the point. The price is not set by our modesty or our greed, and they should not be allowed to fog our vision, even though they regularly do. Price is set by supply and demand.
I donāt know about the supply, but the demand depends so much of the utility of the network, relayed by the utility (and desirability) of apps using the network as a backend.
Personally Iām expecting price to climb in the hundreds and thousands etc. if all goes well. But there is a league of known and unknown uncertainties ahead.
By the way, I was looking for some historical reference from this Bitcontalk -forum price speculation thread. Couldnāt find any easily, but the funny thing is that nobody is talking about hodling, because the word didnāt exist back then. The discussion without that single word gives an interesting feeling of looking into another time in history. Waiting for Safe Network to launch, succeed, and then for me to dig into old sites after ten years or so.
Who would have thought a typo would have such a big impact!
True, but when you read the original post where it made itās ifrst appearance⦠itās a jewel indeed.
@dirvine many times said, that if there are 4B tokens, there is no reason to use only half. We do not know how fast we will get there, but there will be no limit.
I mean, if the network is used by the people, there will be more and more locked tokens in the wallets of the sections. For example, if a user pays 1 safe to the network, the network will not give it to the farmers immediately. Ie if there is a constant increase in consumption, more and more tokens will be ālockedā in the wallets of the sections for a time. I will not be surprised if at the peak before equilibrium we finish with only 10% of the tokens in circulationā¦
Brilliant! I donāt think Iāve ever read that before!
Remember the network stores data based on the principle data will be cheaper to store in the future. So having 4 billion tokens in circulation would be a problem because the network wonāt be able to increase rewards if the demand of storage increases or a world wide disaster happens increasing the cost of storage. The network needs head room to issue tokens, should that be a 50% buffer? I dunno.
Proposal reward is 2x PUT plus some other payments for farmers like history node reward, or cache reward. I do not see why equilibrium should keep more than few percent.
This was posted on reddit, looks who is stealing the show!
Edit: Ahh lost the spotā¦
Wow, avoid looking at crypto for two days and look at this haha.
At some point we need to get the volume to a healthier level.
BOOO on you Changelly! ā¦
@snaporaz Recommended them. I tried them out with BTC for MAID and was very happy with the service.
I tested with a purchase of $1k
Something else people may have lost sight of is how this project is trying to implement a new type of technology for tokens that no one else is. Litecoin, Ethereum, Monero, and others all get praised a lot for being different from Bitcoin. Itās a matter of time. There are probably more examples; I rarely look them up.
I mean, that at least secures this eventually in the top 50, at the absolute lowest (or more like 25?).
Access For Everyone and rewarding developer utility is a total game changer. The world is not short on driven skilled people that want to create. Itās short on access and Safe Network should go a long way in solving this problem.
We are on the verge of a vast digital frontier with access for everyone.
No one will have to be removed from the space or access for others to succeed.
The value of a currency is ideally a representation of how many goods and services it represents. Currency with no market to access does not have value.
With Access For Everyone we should see a quick growth of goods and services on Safe Network and this will be reflected in the value of the token.
Thanks for the tip, Knosis! Been a little gun shy on using these other āexchanges.ā Have just been keeping my MAID on ice in Omniwallet storage. So if I can acquire a little more. Will be happy(er).