Surely, maybe this week the price will be still low, can easily get it up there.
I’ve partnered up with and started contributing to Coin Idol, Huge thanks to George for introducing me to writing for the site. https://coinidol.com/authors/daniel-dabek/
I’ll mention that listing on further exchanges is great increases visibility of the Safe Exchange Coin, though ability to vote and later collect dividends through the coin will be impeded when holding them on the exchange. Our network’s coin will be more like currency which we want to have listed anywhere we can (be aware there will be no ico for it, but existing Safe Exchange Coin owners will get a small small amount to seed the network proportionally to holders). Whereas the Safe Exchange Coin is more like ownership of opinion and rebate redemption.
More on that in the formal proposal. Look out for it around August 1st. We’ll open the voting for the proposal a couple of weeks after the announcement so to give people enough time to prepare and review the proposal.
Sorry, but can you elaborate on this?
“be aware there will be no ico for it, but existing Safe Exchange Coin owners will get a small small amount to seed the network proportionally to holders”
This reward is like Peercoin that we’ve discussed earlier?
can you link me about the peercoin you mentioned? (I tried a search as well)
In our case, we will launch a network that has a mineable coin. Safe Exchange Coin owners are to receive 0.25% of the total supply of the mineable coin to seed the network. The network’s coin is spent to make Items, Coins, and Contracts. It can also be used to send from one person to another. This is a one time allocation, the rest of the coins must be earned through mining.
Also, is an application developer reward, where the application’s address receives a portion of the transaction fees. In our case, the application I release as official pays the transaction fees proportionally to Safe Exchange Coin owners. This is a second way to earn the mineable coin.
This is an initial revelation to the community, the formal write up will be released in the up coming week.
Hey Dally, search for Nu Community, then for relantionship between Nushares and Peercoin. Note, i’m not a programmer, but i think those “mineable coin to seed” could actually be Peercoins, not another new coin.
https://www.nubits.com/about/faqs#why-are-nushare-dividends-paid-in-peercoin
https://www.peercointalk.org/index.php?topic=3934.0
https://www.peercointalk.org/index.php?topic=3741.0
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When the SAFE Network comes alive, can things be harmonized with Safecoin?
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Not to be unpleasant, but don’t you used to be critical of mining? I remember one of your interviews or posts that you claimmed mining to be a useless spend of energy.
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The network’s coin is spent to make Items, Coins, and Contracts. This is cool, we have Counter Party or NXT to make coins (equities). Contracts only in Bitshares (binary options), Lisk or Ethereum. What are “items”?
Wow, it seems you are creating a micro-ecosystem reward like SAFE. Cool.
We will run a totally new network so certainly we wont use any other coins that already exist
In my world view, "If" safecoin ever exists, we can evaluate it and see if it works correctly, then make use of it
It’s true I have seen that mining could be a waste of energy because constant competition and ever increasing electrical consumption; however, PoW is a solution that allows for decentralized database lock and verifiable write privilege. If we constrain the PoW to CPU only, we limit the centralization risk, and the power consumption requirement. This is an intention, CPU PoW. It is proven to work. Other systems such as PoS requires a stake to conduct block production, therefore identifiable participants.
Everything will be in one network, Items are similar to (coins) (equities), though they take description and price so that a market place can form. The plan is to promote one network, Safe Exchange Network.
Yes, I think its important in order to promote to developers, and also to have ongoing development funding, and also to reward our investors as originally intended.
I see the major difference is that we are going to have technology that works based on existing technology, however, we will fulfill a niche for a crypto marketplace and promote it how no one has ever made and promoted before.
Ignore the Peercoin solution lol. I just fear that nowadays saturation of many types of crypto could mess this project. Be aware of this, please.
Thanks for the update. Safe Exchange Network is a very ambitious project.
Eager to see how SAFE Network enthusiasts think of it. It seems that challenge in crypto is to unite programmers with users. Bitcoin did that, can Safex do it?
Once i saw a guy saying that Openbazaar would only succeed with it allowed “unregulated” stuff. I see Safex doing that, succeding this way!
I think most crypto coins are just siphoning off of each other exclusively has a business model, and thats why you could think there is saturation. I think differently.
I’m glad you think so, and I would mention that technologically we have an Ace card, that will be revealed in Beta.
Making easy to use interfaces I think is key, with videos as to how to use the interfaces. I’d only mention that the world is far beyond just SAFE network enthusiasts.
We won’t be able to censor the marketplace, and 100% you should do what is allowed in your jurisdiction. What is allowed in 1 place isn’t allowed in another place, you should do what is correct for your culture and your laws.
[quote=“dallyshalla, post:181, topic:147, full:true”]
I think most crypto coins are just siphoning off of each other exclusively has a business model, and thats why you could think there is saturation. I think differently.[/quote]
Don’t really agree… i’m seeing lots of new coins, but little equity offers (like Safex). Bitcoin halving may have slowed things in overall, but i don’t see people taking chances as in 2015. It usually goes like this: 1º ICO of a coin (for development), than 2º ICO of a limited company (for expansion and consolidation). Safex and few others were exceptions to this.
[quote=“dallyshalla, post:181, topic:147, full:true”]
[quote=“uqaz, post:180, topic:147”]
Eager to see how SAFE Network enthusiasts think of it. It seems that challenge in crypto is to unite programmers with users. Bitcoin did that, can Safex do it?[/quote]
Making easy to use interfaces I think is key, with videos as to how to use the interfaces. I’d only mention that the world is far beyond just SAFE network enthusiasts.[/quote]Okay, i ment to say that SAFE Network fans are kind of orphans right now and they could focus more - than before - on Safex.
On the first point, what I mean is; there are let’s say 1,000,000 customers of alt coins. What I hope to address is making something useful to general public than just only the existing crypto enthusiast market. So currently most coins are promoting directly to existing enthusiasts.
We are doing the same, just not yet wildly because we need our tech deployed first. But at the point when our tech is deployed I then have something to promote to the world that has yet to have used a crypto system.
On the second point 100% Once we have the tech in Beta people should take some interest. Especially since it will be an anonymous exchange as planned.
Oh, yes, and what i’ve ment is that will be a challenge to overcome this penny-stock-euphoria rebound that i’m sensing now about crypto.
I don’t doubt about creation of actual value here!
About general interest, i’m just curious of SAFE developers getting in the Safex boat. Sorry, for pulling your leg, i’ll stop.
Thanks for asking @uqaz, when we get 1.0 of the network up and running, maybe developers will want to get involved. I’m eager to focus on users and customers and to put that network’s coin to use. Looking forward to presenting all of the plan.
so is SEC convert to new coin or we get + new coin like a gas for network and SEC like a equity?
No, SEC does not convert, you will receive a new coin in addition to SEC. Our network will distribute a new coin that is spent on fees for making crypto assets, and making contracts, such as to sell an asset.
Holders of SEC will earn from transaction fees produced through the User facing application that I will deploy. This comes from the developer incentive that pays the developer of the app a portion of the transactions fees. Also SEC holders will be the first recipients of the network’s token which will be distributed to seed the network to start making use of it.
just a brief message: voting site goes up today.
Some URL ?
Sorry I am late. http://vote.forum.safex.org/
There was a bottleneck in the architecture of the application, that came up when dealing with a web server. So I figured out a different way to go about it, this is a preview… about 12 more hours of work and it’ll be complete technically, then some front end. It’ll be spiffy.
fyi: once the proposal for moving forward with the new network is published press releases will follow.
Thank you for the update. If you need help with the JS part, just let me know 