Your point was correct though based on the price at the time.
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Thank you for the answer, David. I tried to find out from you if you know that the anonymous tokens are being attacked and censored in the crypto world, an this attack is just in its beginning.
If the Safe tokens are as anonymous as we think they are, they are likely to be removed from all centralized exchanges and we are left with the option of only decentralized ones.
Of course, I hope that the communityâs efforts for the ERC20 token are sufficient and that you do not have to support us, but there is an option in which the communityâs ERC20 token is not successful and help from the company is needed. In that case, are you ready to help?
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No worries
I am not sure what you are eluding to here? Do you mean have erc20 instead of or alongside safecoin?
When we say is the company ready to help with X it will depend if X is in the roadmap of priorities, everyone will have their own and I listen to them as, as does the board. What they are post launch is not yet set in stone. Also we need to define âready to helpâ, financially, personal (we donât have any erc20 Engineers) or something else?
Ethereum DeFi world already has more than $ 35 billion locked in the ecosystem. They are unlikely to move in with us, so we will have to go to them. Therefore, we need Safe tokens wrapped in ERC20 tokens so that people can trade them for fiat money.
I understand that we all hope that speculation with the tokens is minimal, but what we see in the other utility tokens as filecoin, sia, storj is that 99% of their value is speculative and they are not used as utility tokens, but as speculative toolsâŚ
I want to know what you are meaning here (so forgive on point questions)
What does that mean for us?
How can a node earn these? WOuld that not mean connect and include blockchains in our code etc. ?
I donât hope that at all, I am happy if there is as that is society working, perhaps? I might not like it but nobody should care (I am not sure I really care).
I agree and wonder if the goal there is not just cash, cash cash cash and the offerings are not targetted at folk regardless if those folk have even ever heard of crypto? Who cares about protocols really? Folk care about value and will pay for value and I donât believe any crypto project is providing that to the masses just yet.
I hope we go for the value proposition the whole project started with.
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How do nodes create these for utility services, the point of blockchain is the exact opposite AFAIK.
I get a feeling that @Dimitar is too involved on a personal finacial level in âpool exchangesâ, to be an objective source on if they are good or not.
He is trying to move exchange out of exchanges. He has good points. As erc20 economics is quite big, he prefer that one.
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There is a group or network that acts as a bridge between the two networks, locking tokens on one side and releasing them on the other (ideally bidirectionally). This can be a centralized group of people or companies that secure tokens via multisig (like wBTC), or a decentralized group of nodes (like Ren).
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I doubt this, if they moved to our platform ppl would save a lot in transaction fees, but Iâd expect it to take time.
I understand the point, but I am not seeing how this part works? The ERC20 chain needs to connect to the Safe network at the right section etc. and vice versa and do the swap/wrap etc. atomically. I can see another blockchain perhaps doing this, but a decentralised network and if we had DBC then itâs even worse AFAIK.
I just cannot see how it works, but delighted to learn if anyone can see a way?
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Hard to say, because people lock large amount of money in these pools to earn interest in the coins created by the pools. Does that mean that people use these pools or that the creator get alot of ethereum and get rich, in return people get new coins with interest built in,? who knows?
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Any info on Ren? sounds like another trusted unit/network is required here.
If you are so interested in my money, 90% of my portfolio is in MAID. But it is ugly, very ugly to speculate and insult without evidenceâŚ
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Yes, you need to stake to participate in Renâs bridge network. Sounds like they are using some multiparty computation. Iâm not that familiar with their tech tbh. I think their network wasnât fully decentralized yet, but itâs a cool idea.
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Why are exchanges needed?
Would Safe vaults integrated with Bitcoin not obviate the utility of exchanges altogether?
If you can buy/sell SNT directly from/to Safe for BTC, its price is driven directly from the [dynamic] utility cost. Hosting the order book might be useful to the rewards algo as well.
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Why would I be interested what 90% of your portfolio consists of and if I where interested why would I not be interested in the last 10%? Is there a certain % that would qualify to have an self interest, enlighten me? If you donât have any coins connected to those defi pools, feel free to say so.
âI have seen several articles that call HEX a Ponzi or Pyramid Scheme, both of which it isnât. It has many features of these, but is unique in that it has so many moving parts, and complexities that these have helped to mask just how unethical a project it is. While itâs creator, Richard Heart, promotes the token as being âdesigned to increase in value faster than anything else in historyâ, and âdo over 10,000x returns in under 2.5 yearsâ, a deeper analysis shows HEX was designed for one thing only: to enrich Richard Heart himself, at the expense of every other participant.â
$35 billion (in DeFi) sounds a lot, and it is in dollars but weâre can assume that much of that is cryptocurrencies moving around, with values inflated by the rapid rise of bitcoin. Still as money comes into bitcoin, holders have larger dollar value holdings of bitcoin (and others) and look for the best new places to spread their risk.
Unfortunately at the moment all this is rather precariously say in top of bitcoin and Ethereum, in other words the precarious Blockchain.
(Iâm not going to argue Blockchain precarious or not, just saying thatâs the context in which I am residing here).
What will a prudent investor or specialties do when a new non-Blockchain technology comes in the scene? Even if they believe in Blockchain, it would not be prudent to ignore a new technology which appears in this space.
Stop money (largely cryptocurrency funded by the growing influx of fiat) will make itâs way to Safe. It doesnât need to âmoveâ from DeFi, though Iâm sure some would as people readjust their portfolios.
So while itâs valid to argue erc20 can help, I donât think itâs necessarily going to be essential. Thatâs to be decided, and if it gets going early thatâs fine too. Iâm so glad MaidSafe are totally focused on delivering the technology though. And we can see, as some of us expected, that it wasnât essential to get MAID traded more widely at this point. Iâm not privy to how MaidSafe so I know this can change, but David is privy to this and very experienced in handling the ups and downs of a business in exactly this situation.
So I watch, donât feel I can give him advice, and an very excited watching the updates and the shift in Davidâs list and characterisation of whatâs left. I know it will take longer than we expect, so I donât expect any more. Itâs quite Zen, the Safe Network is right here, right now, we just havenât realised it yet! 
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Why are you interested in my money and use it as an argument for whether what I say has value? Weak, very weak and uglyâŚ
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There have been alot of marketing for defi pools, from people invested in these pools, that brings a large risk of biased opinions.