Let’s just say I’m a lot less optimistic about Bitcoin’s future than you are, though I agree it’s done well. I think Bitcoin has been a groundbreaking pioneer and a great shoulder for others to stand upon in the future… but I don’t believe it’ll maintain sufficient innovation to keep up with more nimble alternatives that could gain rapid mainstream adoption with better UX, utility, and scalability.
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The lightning network drastically increased the usability and real world applications of Bitcoin, but I think the energy and resources required to mine is its ultimate deterrence to full adoption.
Safe will have an upper hand on that because your everyday person will be able to participate in the network itself and gain Safe tokens. I also think the DBC path is infinitely more useful for monetary purposes than the blockchain/ledger Bitcoin has. It is much closer to cash than something like Bitcoin.
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The energy consumption isn’t a bug, it’s a feature. And a very important one. You can’t create money out of nothing. If you do, you will end with the same centralised problems we have now in the economy.
I don’t see anyone not using it because it uses as much energy as washing machines, or the gaming industry. And as an added bonus it can capture unused energy in hard to reach regions and help balance the grid allowing more use of renewable sources.
The energy argument is not a good argument and is pushed by those that are threatened by it or don’t understand it.
Hash power is going up not down, and it’s going up very fast at the moment.
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It seems so. Bitcoin doesn’t have one UX. It’s a protocol. Many developers are building on it. That’s like saying TCP/IP has terrible UX.
Other layers are clearly providing scalability (El Salvador and lightening for example).
Money, store of value, impossible to be printed, instant payment network with no permission needed isn’t much utility?
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I realize POW is a “feature”, but I disagree that it’s some kind of inherent good. It still wastes a lot of energy, and very little of the world’s energy is renewable at this point in time.
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It shouldn’t just be a shoulder to stand on, it should be a protocol and security network that is leveraged. It’s a beast and is pretty much impossible to replicate.
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What’s wrong with using energy?
Saying it’s a waste is saying it has no value or utility. Those in countries with bad currencies that are using bitcoin would obviously disagree.
This study shows that bitcoin uses 58.9% renewable energy:
I understands SAFEs model will be using less energy, but the reason for this model isn’t to use less energy, it’s to be able to handle more data. That is my understanding. The proof will be in the pudding in how secure and how decentralised it can be.
No one has managed this as yet at bitcoins scale. I’d love to see SAFE achieve it.
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Too many believe their project will replace btc. When really they should be embracing it and looking for both to exist.
I don’t think anyone here believes that blockchains do not have a place. I think when it comes to some of the things you mentioned, like currency, even with the lightning network Bitcoin falls woefully short. It may be “usable” but it’s hardly ideal.
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Using energy isn’t bad. Having an electric grid system that is not consistent in it’s power consumption is. Bitcoin solves that a long side tech like batteries.
That’s fine. The Safe Network won’t make Bitcoin not exist, though it could possibly superceded it in terms of market cap if more people use it more regularly… and if it achieves that, why wouldn’t it potentially be better money than BTC?
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What’s isnt ideal about it?
What would make it better money?
Meanwhile the price continues to plunge.
Someone is actively selling SAFE for BTC and its not like BTC is mooning…
Aww - you saved me the bother… Thanks 
If more people used it regularly, more people would want to accept it as currency due to its inherent usefulness (buying Safe Network services).
In addition there are many potential reasons for SNT to be better money than BTC:
- Significantly larger transaction capacity
- Tiny or even zero fees
- No wait for multiple confirmations
- Privacy - non-traceable transactions and private balances
- Far lower power usage (for those who that matters to)
- Long term sustainable model, as long as demand for network services exist (unlike the possible big risks to Bitcoin if fees don’t grow sufficiently to replace block subsidies after future halvings)
- Built in utility as token natively allows purchasing of useful data services
Put another way, what could Bitcoin offer that the SNT couldn’t compete with effectively? Perhaps the benefits of a public ledger & auditability?
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I couldn’t have said it better myself. There is no getting around the real world value of a non-government/corporate international monetary unit and network with a fixed supply and bulletproof security. It’s just that most people haven’t realised this yet.
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Significantly larger transaction capacity - lightening network has 1million transaction per second. If it needs any more the layer or another layer will increase it.
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Tiny or even zero fees - same as LN
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No wait for multiple confirmations - same as LN
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Privacy - non-traceable transactions and private balances. - LN uses onion routing. Other developers are working on further privacy.
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Far lower power usage (for those who that matters to) - no one cares, if they did they would hand wash all their clothes and live in the woods.
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Long term sustainable model, as long as demand for network services exist (unlike the possible big risks to Bitcoin if fees don’t grow sufficiently to replace block subsidies after future halvings) - not a worry. Bitcoin has reached a level that is too big to worry about this. If miners drop off the difficulty adjusts. Daily usage is only going up
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Built in utility as token natively allows purchasing of useful data services. - Plenty of utility as already mentioned. Hard money that everyone can use is a holy grail for humanity.
It addition:
- no pre-mine. Fair distribution of coins.
- no leader or company. Making it more decentralised
- price linked to energy like all good money should.
- biggest and most secure network in the world.
- already possible to spend in most major cities.
- already a country you can move to, start a business, and pay for everything in btc. More to come.
SNT will have a lot of utility if the network succeeds, but it won’t beat bitcoin as money. Bitcoin has already won that crown, it’s just many haven’t realised it yet.
I suggest this podcast to understand it better:
And this one:
And this:
Cheers
Have a good weekend
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Or install solar panels. 
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Very true. And when they aren’t washing their clothes they can mine bitcoin and pay for the solar panels investment quicker.