Specifics of the farming algorithm

[Sotros25]

@mav

They’d rather get the bigger reward from the dilution

But it wouldn’t be a bigger reward if the relative value of Safecoin tanks. It would be like all these other coins that aren’t even worth what it costs to mine (or in this case, farm) them.

@DavidMc0

My expectation is that given the choice between a reward that maintains or grows its value over time relative to a reward that will be significantly diluted over time, most farmers would choose the former.

Agreed.

@DavidMc0

So I don’t think competition between similar networks would put downward pressure on price,

Once again, agreed. For this to not be the case would require that there are no economies of scale. The larger the network gets the faster, more efficient, and more secure it becomes. Those factors alone present formidable competitive advantage to rival networks.

@Dimitar

They are two separate networks. With separate safecoins. They don’t know about each other, but because they use the same types of data, I think it will be easy to import information from one network to another.

So are you planning to fork the Network? Perhaps SAFE has found its Roger Ver come Craig Wright.

@waveman352

So we end up with 100 different varieties of safecoins with various different supplies?

At best it would be like Bitcoin Diamond, Cash, SV and the litany of other Bitcoins that no one really trusts or uses.