I stand by all those opinions still. Further revelations in interviewing Daniel Dabek about the impact of SafeX decentralized exchange protocol have driven my estimations of the impact of safecoin even higher. But as the wonders of safecoin reveal themselves and rise in our estimation, it becomes very tempting buy safex coin why i like safe exchange coin altcoinbitcoin 2018 overlook something critically important:.
It is a beautiful part of the concept of the SAFE Network and really serves to enhance the purpose and function of it in spectacular ways, but by itself safecoin could not exist and, if buy safex coin why i like safe exchange coin altcoinbitcoin 2018 could, it would not be as big a deal, especially with other decentralized currencies evolving.
The concept for some kind of currency to allow participants to exchange resources was part of the SAFE Network thinking from early on, but the whole purpose of it has always been to further the objectives of the SAFE Network as a whole: Privacy, Security and Freedom for all users.
The external currency aspect is a bonus which just happens to align perfectly with the overall purposes of the network. Edward Griffin, and other such exposes, have long since documented that control of the creation of money and dictating monetary policy of nations are key tools of influencing society and maintaining power in the hands of a few.
And it truly is meaningful. Bitcoin and the other cryptocurrencies which it has spawned are definitely decentralizing in their effect and move toward freedom in a way which is rather unique in history.
Plus the consensus mechanisms which secure these currencies have a lot of other very virtuous uses, most of which have probably not been explored yet. It is all ground-breaking, historic technology, for sure. But is the cryptocurrency revolution enough to turn the tide and avoid the all-out police state which is growing fast?
Maybe, but not on the currency front alone. There is tremendous hope which surfaces from buy safex coin why i like safe exchange coin altcoinbitcoin 2018 explorations and implementations, and progress is being made through implementation of blockchain technologies.
But they are, as yet, mainly centered around and dependent upon their currency function. It is my thought that if we want to reach towards our full potential as a race, it has to come from a place much deeper than that. The SAFE Network buy safex coin why i like safe exchange coin altcoinbitcoin 2018 about creating an internet experience which is inherently private and secure, and which engenders freedom of choice and action and responsibility by its complete design.
Only by choosing to be responsible can an individual be truly free. Freedom starts in the mind, but there is a definite feedback loop in an environment where privacy, security and freedom are manifest in significant ways. Safecoin plays a sizable part in making a space where freedom of thought and communication actually becomes more possible. How it functions as a currency beyond that is not terribly relevant.
With SafeX, the network will soon be able to facilitate the transfer of all sorts of assets between people directly, other currencies included. Safecoin will facilitate the use of the SAFE Network for villagers in India as well as businesspersons in Indianapolis, however else it might or might not function as a currency.
Safecoin is simply an integrated aspect of it. And for that very reason, safecoin becomes even more exciting.
There are so many things to say about the value of the network as a whole that it could fill volumes. Representation of a valuable resource: Each safecoin betokens resource drive space, cpu, bandwidth, etc.
Security of the currency is achieved by the very mechanism which is used to access buy safex coin why i like safe exchange coin altcoinbitcoin 2018 participate in the network, down to the interface level. This is granularity of contribution. Every device connected to the network will contribute to its security. Bitcoin and altcoin mining is a specialized function which tends to become centralized by necessity.
That effort is worth doing, because it enables the security and transaction aspects of the currency—platform, really, since bitcoin and others can do a lot of other worthwhile things. This then requires that these currencies use separate mechanisms to become broadly dispersed. This is fantastically important as far as bootstrapping Safecoin as a currency goes. Almost everyone can farm safecoin.
Everyone who wants to, can have some safecoin, anywhere in the world that they can connect to the network and run the software. This allows one to very directly and easily purchase additional resources from the network, but also to start to exchange safecoin for other things VIA the network.
There are a lot of others who contributed in the crowd sale, who will have varying amounts of safecoin from the beginning, but the bulk of Safecoin will come into existence on a very granular and dispersed pattern, making it so that almost anyone can have some.
Early adopters should do well, but that is by virtue of providing service to the network early on, when it is most needed by the buy safex coin why i like safe exchange coin altcoinbitcoin 2018 to get up and running.
Likewise for those who contributed early in the crowd sale, when resources to get the network live were most needed. Using safecoin, it will be possible to achieve true anonymity of transaction—or fully verified identity, as well.
It can be used anonymously to a degree, but the value is in a public ledger. Safecoin will have none such. It will truly be digital cash. Few people will have great quantities of it at the start, so no purchase of WMDs right out of the box, thank you very much.
The potential of privacy of value exchange will slowly return to the picture. Safecoin will transact at network speed, which should be quite fast from the start and get faster as the network expands. When confirmed, which should approach nearly instant, it is done. No waiting for further confirmations before being able to spend your Safecoin. Because of the nature of Safecoin, the number of transactions per second has no foreseeable limit.
As the network expands and demand for transactions grows, so will the capacity to accommodate them. Not great news to a lot of you, but I had to pull it all together in words before I blew up. Would love to have these expounded upon. If you have linked in to this article from elsewhere and wish to know more about the SAFE Network, visit the Home page of this site to find links to more info. This piece is copyleft so may be copied and altered, with or without attribution, as long as derivatives are also copyleft.
Of course, attribution is encouraged and appreciated.
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