Luckybit I think his issue is that you haven't responded to the claims that safecoin does not grow more valuable with the value added by the maidsafe app layer with any good arguments. There is a specific problem with the economics of safecoin which is the thesis of everyone arguing against it. Can you identify it?
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Please do tell. I can't figure out how safecoin makes money.
It doesn't "make money" directly. What it does in theory is make resources cheaper than anywhere else based on Moore's law.
It's like for example you're making a chip and if you make billions of chips then the cost goes down pretty fast until those chips become really cheap. Demand for these chips wont go down though, so the end result is everyone can get more for less.
As a user of MaidSafe if it works properly, every user will get more resources for less Safecoins over time. So if that happens, then the Safecoins I got in the presale will always become more useful if and only if MaidSafe is the cheapest, most private, safest place to store data, best place to rent computation, and so on.
Let's say MaidSafe can do BOIC for example, then my Safecoins can buy BOIC processing. If there is a lot of demand for BOIC processing then there will be a lot of demand for Safecoins.
Let's say there are other apps too? If there are more demand for those apps and those apps require Safecoins then there will be more demand for Safecoin. Anyone can make a killer app, charge Safecoins, and then there is more demand for MaidSafe and Safecoin.
MaidSafe is a platform. It's like the Xbox or the Nintendo model. In order to play you have to pay, and you can only pay using their token.
Are you investing in DACs or internet infrastructure? How do you not see "getting the economics" as an extremely difficult problem which is by far the most important one? Our resident guru Dan says even he cannot solve what they didn't and are claiming is not a problem to begin with.
If they were a traditional company making use of their technology I would invest in their stock. But not this DAC. See the difference?
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I consider either one a win. Okay say Nintendo releases a console where if I buy these Nintendo coins during the presale then I can play any game Nintendo ever makes if the business model works. These Nintendo coins would be like coins you put into a vending machine only in this case you would have to spend them playing games in the cloud.
In theory of course it could work. In theory the games could be in such demand that the Nintendo coins which are in limited supply are in great demand because the only way to ever again play a Nintendo game is to buy a Nintendo coin. If I've got Nintendo coins during the presale then I would be very happy if that were to happen.
Let's say that doesn't happen and Nintendo releases games which suck. In that case my Nintendo coins wouldn't be in much demand. The whole economic model would begin to break down. The resources wouldn't get cheaper at a fast enough rate so the cloud wouldn't be able to process more or scale up because there wouldn't be enough demand for the content to fuel growth.
These two scenarios show that the success or failure of Nintendo coin depends entirely on demand for the content in the Nintendo platform/cloud. If there is no demand for that content then there will be no demand for Nintendo coin. Game over for Nintendo if that is the case and my Nintendo coins wold be worthless.
The most likely scenario though is that there will be a lot of games I did like, so that even if Nintendo coin fails like the Sega Dreamcast we will have got a lot of great content and that content can always be ported to a better platform later.