Why safecoin instead of Bitcoin?

[janitor]

@smacz

This could be a real attack in the early days when there is a small market cap of the network. Luckily enough, due to the crowdsale, I doubt a serious attack like that could take place, as the network will already have value outside of itself.

David Yamanaka wondered about a deflationary spiral scenario that could develop in the early days and I put my scenario about that here: https://forum.autonomi.community/t/network-speed-network-data-structures-forever-storage-economics-challenge-response-authentication/5221/25?u=janitor

In short, there will be very many coins and PUTs will be very expensive (if the price of MAID (SAFE) doesn’t drop dramatically).

Bitcoin is not replaceable, but it is scarce and its scarcity is largely physics-dependent. MAID (SAFE) is/will be much more dependent on social dynamics and economics (incentives) on the network.