Your proposals are flawed not due to a lack of technical details but due to a lack of very basic reading. Also if you don’t understand how things work it would be profitable for everyone if you formulate your lack of technical understanding in questions instead of waving off things with “it will work as I say because I say so”
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Ok, here is a question: why would open source developers create apps for the SAFE network if they always have to make profit in order for their apps to pay for the data storage? Wouldn’t that severely stifle creativity and developer participation? And would the safecoin reward be large enough for companies (who do need a profit) to want to develop apps for the SAFE network?
open source developers exist even though they have to pay for the storage of their projects right now, don’t they?
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A bitcoin wallet for example, doesn’t need to make profit for the developer. A bitcoin wallet can be developed in order to make money, but it’s not a requirement. That’s freedom of choice. With the current SAFE model there is no such freedom, only compulsory profit requirement.
Socialist logic: if the government doesn’t force you to hand over part or all of your earnings, bad things happen.
They can donate their earnings or indeed spend them at a coffee shop which employs minimum-wagers (oh, noes!).
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Yet you want the SAFE network to be a socialistic system that demands safecoins for all the data stored on it. That’s like a big centralized tax collector.
See, this kind of statement I was talkimg about when I said
"Also if you don’t understand how things work it would be profitable for everyone if you formulate your lack of technical understanding in questions instead of waving off things with “it will work as I say because I say so”
Your comparison doesn’t make any clue at all.
- Bitcoin wallets cannot store large amounts of data, so why would you compare it with a SAFE app?
- There’s no more “need to make profit” than with any other app. They do make profit, though.
- If you don’t want the profit you are free to donate it elsewhere. It’s not a bug, it’s a feature.
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That’s not my point. With the current model developers are forced to make a profit in order for their apps to be able to store metadata and such, which is in effect a centralized tax in the name of “network security”. Not much different than a centralized authority demanding taxes in the name of national security. I question whether such tax really is justified in the case of the SAFE network.
You just made this up
Its not true, they don’t have to, they can if they want.
The truth is that a lot of APPs will be storing a users data in the users private area, or perhaps public if desired. The user simply has to allow the APP to do this. The user pays for his data.
If the APP developer wanted for some reason to store the data using their coins then yes they have to pay for their own storage.
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The coins you pay for storage is going no where but only burn (disappear) from the circulation. Later that same coin can be recreated to be used again in the same way. That’s a part for the network to get balanced…
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So the app developers will make the end users pay for storing metadata and database information and such? It’s still a centralized tax. Imagine if cryptocurrencies would demand a certain percentage of the coins in tax.
Comparing the SAFE network to Dropbox or Google Drive is misleading. It’s a different economic model. In the SAFE network safecoin can generate the necessary value to fuel then system. No need to put a tax on the farmers’ rewards.
Instead of burning safecoins, can’t the farming reward be regulated in a way similar to other cryptocurrencies? After all, inflation of the coin supply is always a must, at least in the beginning.
Why do you imply I did. I really am getting upset that you do not listen and accuse through implication that I say another thing so you can argue against that.
Its not a Tax, nothing like it! If I want an APP to store data for me, then of course I should pay for it.
Lets face it, people pay for using “free” APPs on their phone. Adverts cost the mobile phone user real money for the bandwidth they use. So is that a tax? NO its paying for the APP. SAFE users paying for their own data storage is not a tax.
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Nobody knows if there will be inflation or not. If there’s a big demand for Safecoin we could actually see deflation. It all depends on the number of users of the network, the amount of popular files (how much data comes from caching without Farming) the supply and demand for coins, how much data is PUT to the network (and how many Safecoin was burned to PUT all that data) how many data is Farmed by the network (here the network actually creates fresh new coins). This all depends on supply/demand for the coins, the amount of resources available to the network, a lot of variables!
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That’s economy version 1.0. Imitating that old model and try to force it into a new system that can do much better is a bad idea. Cryptocurrencies can be thought of as economy 2.0 where the value is generated by the decentralized system without the users having to pay anything.
So others should pay for my data storage when through their APP???
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And: SAFE users NOT paying for their own data storage is necessarily a subvention (only possible through some kind of taxing)
Uh…Aha…and who pays for the system?
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No, not when you store your own private data. But in the current model someone has to pay for database information, indexes and other forms of metadata. That’s an unnecessary cost.
So for me to store my data in a database is to be paid for by the APP owner? That is
Seems you want a free system that makes everyone rich. Sorry thats fantasy land.
You show that you have little understanding of crypto that you appeal to in an attempt to justify your free for all and make everyone rich.
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In the case of Bitcoin for example, the miners pay for their equipment etc which makes the system work. As a thought experiment, let’s remove the data storage from the SAFE network (only a thought experiment), and instead let the farmers farm safecoins by making the network able to process transactions. Would you then put a tax on the transactions?!