Quote from: nakaone on April 21, 2014, 09:34:58 PM

Quote from: r3animation on April 21, 2014, 09:22:58 PM

Quote from: hmmmstrange on April 21, 2014, 09:04:07 PM

Quote from: kripto on April 21, 2014, 08:57:03 PM

Quote from: r3animation on April 21, 2014, 08:12:02 PM

But I think they need to include a hard cap.

Isn't there a cap of 4.3 billion safecoins?

Quote

The sale event will run until ten percent of all safecoins (429,496,729) are sold or 30 days have passed, which ever happens first.

Total safecoins will be ~4.3 billion

Sorry my bad, I must have skipped over it somehow....

even with the market cap I do not get why an appreciating price would be a good thing for the system. sorry but i did not find time to read the widepaper. but let us assume the price goes from 80 million market cap too 800m - will the price of let's say storing stay constant in safecoin terms or will it be a stable price in dollar or bitcoin terms?

Appreciating price would be a good thing, but in anything tech there will be deflationary pressures in the cost of service. As long as the value of the network increases faster then the cost of the network then the price of safecoins will appreciate.

This network has the potential to carry more data then amazon web services, in a more secure fashion, in a decentralized manor.