That I wouldn’t support, but the Algorand example was given where conversion was not obligatory to receive mainnet tokens.
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Because I honestly don’t think people realised this and I agree that there would be some changing their votes if they realised. But as we see above some thought this was a general question about optional conversion
Thats why when @Dimitar answered my initial question/thought that it is a full/forced conversion that I started posting asking if people realised it.
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Although I will point out that regardless of what happens, dormant addresses will have to go through SOME kind of conversion to get SNT. So as long as there is no expiration date for the ERC20 conversion, it could be included in the instructions for how to obtain SNT. unless I’m mistaken, and MAID automatically gets converted without user input.
Edit: although possible tax implications, as has been noted.
Just discussing here Rob, I said what my personal view is.
Of course, the ideal option for everyone would be if the Safe tokens can be swap for the OMNI token or for the ERC20 token. That way we won’t even have to talk to the current exchanges to change the token and we will have direct access to Uniswap.
Privacy. Security. Freedom
As some have already said they have never used ETH. The original documents were an exchange from MAID to safecoin (now SNT) and I’d expect many would be upset if they have to change from sending MAID to a “burn” address into sending maid to some address to convert to ETH then send erc20 to the burn address and have to use some of the BTC to buy ETH for gas.
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I voted yes.
I would consider to create a burn address to which MAIDomni owners send their 452.552.000 Omni tokens in order to receive their ERC20 tokens and completely forget about the omni protocol.
Maidsafe would have to be the administrator of the 4.52 billion ERC20 tokens.
The ERC20 token could also function as a future liquidity bridge between the old internet and the Safe Network.
Edit: i think a swap from Omni to ERC20 can very well be explained to whatever tax service in the world as not being a taxable event.
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I realised, but I also think others need to know what you were actually proposing in order to be able to vote and discuss your proposal
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Would be really excited to see MAID in wallets as an ERC20, but a one-way, mandatory, not free, conversion that adds risk of messing up? No thanks.
By the way, what if those last few exchanges we still have decide to delist just to avoid the trouble of converting?
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Well, in short, this will force people to use a secure decentralized exchange like UniSwap. I’m sure I won’t be the only one to add liquidity there for tens of thousands of $.
By the way, it is only a matter of time before they remove us from all centralized exchanges.
There will be pedophile content in the Safe network. Yes, I know the argument that such content also existed in the Bitcoin network, but my research showed that there is only 1 photo uploaded to the blockchain and it cannot be clicked directly, you need to know which block it is in to extract the content and put it in a readable file.
Everything else in the Bitcoin blockchain are links to pedophile content, not the content itself, and as far as I understand the content in these links have been tracked and removed.
So, in short, there is no pedophile content in the Bitcoin blockchain. There will be pedophile content in the Safe network and you will be able to click directly and display it in a browser. Quantity is important. I can light a fire in my backyard and no one will see it, but everyone sees the sun. Quantity matters. It is only a matter of time before all centralized exchanges draw knives against us…
Privacy. Security. Freedom
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Well ban the internet, ban nntp, ban smtp, ban xyz.
That is not enough to cause what you are proposing in my view since history shows it does not
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Side questions:
1.Did any of the projects that switched reap clear benefits in terms of liquidity and asset price and were these sustained?
- Were these other projects using OMNI as a temporary (like we are) or permanent token?
Tbh, I don’t have the energy to be drawn into another exchange discussion. Suffice to say, there needs to be clear benefits and holders of MAID need zero impact (as many will not know of the change).
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It’s not about what we want. It is about how to build a sustainable future. There will be a war against us. We will be hated. It’s just human nature, so we need to plan and prepare for it. We need to be Antifragile 
Privacy. Security. Freedom
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I’m not so sure and even if it could it might be a lengthy process and possibly expensive, depending on whether or not you would need to hire a lawyer.
Where I live the tax authorities has this year included a section on DeFi, where they write that exchanging a token for a wrapped token is a taxable event. In this case it’s not for DeFi purposes, but I am not so sure that would matter.
The guide from the tax authorities do not say anything specific about whether a token swap from a temporary token to the actual real token, like MaidSafeCoin to Safe Network Tokens, on mainnet launch is a taxable event, but a company who does cryptocurrency taxes write that it is not.
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Could a bridge be developed which does the intermediate ERC20 step automatically?
Don’t let the cacophony neg you out, @Sotros25. It’s just noise. Stay on target.
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Maybe a new topic here …
Because of tax-events and such, wondering if there is a way to have a reversible (and optional) MAID-token-wrap, for SNT’s (when they come to exist).
In this instance, it wouldn’t be taxable as it’s effectively a loan of one token for another token where you still own the original token, but it’s locked until you repay the loan of the SNT.
This could potentially solve the tax event issue. The ERC-20 exchange token issue, is maybe separate though.
Edit: just to clarify, I am suggesting a loan facility, not a swap facility. It’s legally, not the same thing. And as far as I know, loans are not taxable in any country.
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1.-Maidsafe, as a company, is obliged to comply with the conditions of the ICO, including the exchange of Safecoin (Omni) for the future token of the safe network for anyone who wishes to do so. Any attempt to create an ERC20 token must take this into account.
2.- This swap requires the payment of taxes in most countries, including Great Britain. To think that this will not happen is immensely naive. This fact could endanger the company itself.
3.-To start with this subject at this stage of development seems to me to be extremely harmful. A possible Omni-ERC20 duality is one thing, but a total swap seems to me, at this stage, completely unfeasible.
P.S. I refuse to vote for this kind of proposal.
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A reversible token swap might not be considered a loan. As noted in a previous post, where I live the tax authorities currently considers changing bitcoin to wrapped bitcoin and back taxable events. I think any reversible token swap might be considered the same. There’s always the possibility that someone could challenge this in court and win though. The rules aren’t really clear on this and it happens that the courts decide that the tax authorities interpretation of the law was not correct.
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I think the language is critical here. There are companies that take crypto and loan you fiat … they have legalese that specifies the terms … as far as I know these facilities are legal and not taxable in any country. But the wording and specifics of the contract I’m not privy too … I think it would be good to get a lawyer on this and see what could be done here as many people are going to hit this wall when SNT’s come to exist and people want to a way to use them.
The other alternative would be to use a loan facility to get a fiat loan with MAID tokens, then come to an exchange that sells SNT’s and buy them there … real pain if that is the only route.
[quote=“Dimitar, post:90, topic:34419”]
By the way, it is only a matter of time before they remove us from all centralized exchanges.
There will be pedophile content in the Safe network.
[/quote
Please stop this now! What is your intention by spamming every tred with your fear-mongering and your future doomsday prediction? It’s on repite! The fact is that nobody knows the future, we can only deal with the facts as it presents itself. Fokus more what good we can get out of SN and get that message out.
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