In the equation of exchange mv=pq. The higher v is the lower p will be. Maidsafe coin seems like it would have a very high velocity.
m = money supply
v = velocity
p = price level
q = quantity of goods being purchased
mv/q = p, Higer money supply or higher velocity gives higher inflation on services and goods ( higher price), if you can buy a higher quantity of goods with the same amount of money supply and velocity, the price of goods and services goes down.
Would you please elaborate alittle in what way this money supply and inflation theory is applicable to the price of services and goods on the SAFE-network. At a first glance I dont quite see how this theory can be fully applicable on calculating prices on the SAFE-network. If the demand of Safecoin goes up than price of Safecoin goes up and it will be more profitable to farm, more vaults will be created, when more vaults are created than the free storage space on the network increases and the network adjust so that farmers gets less Safecoin and the relative price of storage goes down. So the price of storage is related to the networks supply and demand of storage.
I would also like to expand further on @Antifragile and say that there is a third use case for Safecoin and that is as a store of value. Data is seen as a new asset class by the World Economic Forum. Safecoin will be traded on exchanges and therfore the price of Safecoin will also speculatively reflect the value and future value of all secure data being stored on the network. Iâam alittle tired so maybe I dont see the whole picture here.
EDIT:I thought it was kind of weird to have so many subscribers and views, but very little comments on his videos. Iâm starting to wonder if this guy has artificially inflated his views and subscriber count?
I have been thinking about this a bit recently, will it be difficult to know the exact supply of safecoin once the network is live? The supply will not be manipulated, but is it hard to predict what it will be? Iâm basing my thinking of the Store of Value hypothesis traits in the link: https://multicoin.capital/2018/03/15/paths-to-tens-of-trillions/
If the supply is not highly predictable (it may be, Iâm not across how this works when launched) then it doesnât support the store of value hypothesis. Interested to hear your thoughts.
Good question. I know there has been discussion on that topic earlier. With the latest discussion about Safecoin as to ânot have safecoin as data items, but as integers in the client managersâ, I dont know if that would effect this topic differently.
Here is some previous discussions which seem positive on calculating at least of approximate supply.
Hopefully the Safecoin supply will be more accurat than gold.
I suggested a potential solution in the topic David mentions the integer idea. That is to still have safecoin MDs but only the fields are owned by users and the field has whatever decimal fraction of that coin the user owns. And this allows recombination when users pay for resources and also farming rewards can be more often for smaller amounts. EG amounts like 1/1000 of a safecoin. By using the MDs there is still only 2^32 coins and upto say 2^32 * 10000 amounts available.
You mentioned it in the other topic. By assuming a distribution of some sort exists then its just each MD has used amount and unused amount rather than each coins always being equal to 1
Yes, felt like this could become very confusing very quickly with answers in multiple topics.
To know atleast approximat current supply would be very usefull when Safecoin is traded on clearnet and SAFEnet exchanges. Do you think this topic could benefit a deeper discussion now when Safecoin RFC is currently discussed?
And also thanks neo for all the work in answering a lot of questions on the forum and also contributing in very complicated topics, you are a gem.
The issue of knowing the quantity will certainly be discussed when the (pre-)RFC is presented, even if its you who brings it up. I think it might be too early to really get into it since we just donât know what form exactly safecoin will take. Itâd be like âwell if they do this then that or if they do something else then do another thingâ Weâll be discussing so many if and buts and most of them useless banter. The major possibilities have been discussed and we can use them to springboard off when we have a firmer idea of what exactly a safecoin will be.
I have no idea why this author thinks there will be a payout soon. Perhaps he is confused by the Oct 22 date - this is when the rehabilitation claims have to be submitted by creditors. The earliest date for the payout is somewhere in February but even that is probably way too optimistic. More likely spring-summer 2019 if the creditors are lucky.
Very amateurish and superficial journalism.
People are in such a hurry to sell. If everything goes as planned in MAID and other crypto, you will never want to sell back to fiat because you can just use your crypto for purchases.
You missed my point. I think itâs funny how we all talk about MAID and other crypto prices and what a new world we could live in if adopted. However, right after that statement people want to know what those prices are against fiat and when they should cash out. The matter being that if individuals truly believed in MAID or bitcoin or whatever else there would never be a need or desire to return those coins back to fiat. Itâs no wonder people think crypto will eventually fail because the overwhelming majority of the people invested in the space are planning on how to turn it back into fiat and not use the technology which leads back to the point that if that is your mindset, you donât truly believe in blockchain or decentralized systems.
I see what you are saying, but you can have it both ways.
Belief or not, the infrastructure is not there, and will not be there to support a fiat-less crypto-ruled society for a good while. At least ten years, probably closer to twenty.
First, we need a coin, or a couple of coins, to truly separate themselves from the pack as far as technology and features, particularly in the space of low cost and immediate or near-immediate transactions. We do not yet have a good substitute for something to replace a Visa card. Then, once those have been identified, we need them to have widespread adoption, enough for the general public, and businesses to begin to accept said currency for transactions. We need mature exchanges for easy access to the crypto.
All this takes time, time not all of us are willing to wait to part with some of our investment. If MAID hits $100, Iâm going to sell some. Not all, but enough to further my life goals now instead of having to wait another 10 years for it to reach ubiquity where I can buy a house with it.
I happen to like both apples and oranges. Still, it is rational for me to sell apples for e.g. fiat when the price is high, in order to buy oranges. If the price reverses, it is rational to sell the oranges and buy apples. By following this principle I will end up with more apples as well as more oranges on my table.