Please note this is all brainstorm. I’m not suggesting any of these things be done to solve a problem that may or may not happen…
Very good question.
If people start using SAFE GB as (common currency) then I had to figure out what other purpose/function Safecoin would fill to remain useful… needed.
-
My first thought was voting stock because the SAFE community will need to decide on hardfork changes in the future. (1 Safecoin = 1 vote) Casting your vote recycles your Safecoin. This prevents people from “keeping” power after they accumulate a majority position. Also SAFE voting becomes more serious. This idea opens a door to political debates and I would rather avoid it on this thread.
-
Another thought is “like” a futures contract, mentioned by @dallyshalla. Use Safecoin to buy more SAFE GB in the future? This assumes the Network will continue to increase farmer population and technology increases average drive space. I suppose this is also considered a store wealth.
-
We could also combine #1 and #2… the more uses, the better.
-
Domain Name Registration, proposed by @Seneca… see the post here.
The main reason I like SAFE GB is because it’s inflationary… good for spending. But it also has a tier structure (B, KB, MB, GB, TB, PB, EB, ZB, YB) that can be understood world wide. We don’t have to create new variations, trying to solve the Safecoin divisibility.
I also hope it will solve the “low hanging fruit” situation. This is when farmers contribute at the beginning because Safecoin is so easy to farm, then they move to a forked Network. Decrease in farmer population is very bad for the SAFE Network. A farmer in 2025 should earn just as easily as they do in 2015… in relation to their time period.
I like the simplest solution that requires the least amount of effort.