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Nice answers and questions there. Perhaps could you host an AMA session ?  Oh and do you think you could apply to be listed on Coinpaprika and/or Coingecko ? As they've listed digitalprice.io as an exchange, they could list your currency too. Sorry missed the second part of your question, this is on the to do list, if youve got any other services you would like to see sage on then please let us know |
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Morning guys, check out the fresh announcement on the front page of the thread  If you have any feedback we would love to hear it so let us know down below hi what is the purpose of the coin itself? what usecases does it have already? how is it used in your ecosystem? Hi Delgoth, the Sage currency is a common liquidity layer across sidechains and tokens that will be utilised there. those who maintain sidechains have to pay small amounts of sage to maintain their sidechain so overtime there will be a lot demand for sage currency. We are working with a number of enterprises to design and implement sidechains tools that handle processes and tools within their operations. in the OP, you can see one of our first commercial products for sidechains (IPS) hopefully this answers your question but if not then please let me know yes it answers my questions thank you. but i have more to ask. how many coins are there at the moment? the enterprises who want to use your ecosytem will have to buy coins on the market or will you provide them with coins of your own? or will they need to mine it or use a builtin miner? Happy to answer: theres roughly 3.5m sage in existance right now, we are still in early stages with enterprises and we sell coins monthly in a kind of subscription model. in the future, enterprises will have to buy from the open market, especially if they don't know us personally. a lot of processes on ethereum could be ran cheaper on our chain so we hope to begin attracting them to build on our platform sidechains don't need miners but they do need nodes to submit and communicate transactions |
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Nice answers and questions there. Perhaps could you host an AMA session ? yeah, thats definitely something we would be interested in if you guys are. Theres a few ways we could do it: - replying via bct here or some other kind of medium - we host a podcast generally every week and could do one purely answering community questions? https://www.youtube.com/channel/UCln0ALbAQQm0j3cqTsTYDcALet us know your thoughts on how to do it |
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Morning guys, check out the fresh announcement on the front page of the thread If you have any feedback we would love to hear it so let us know down below hi what is the purpose of the coin itself? what usecases does it have already? how is it used in your ecosystem? Hi Delgoth, the Sage currency is a common liquidity layer across sidechains and tokens that will be utilised there. those who maintain sidechains have to pay small amounts of sage to maintain their sidechain so overtime there will be a lot demand for sage currency. We are working with a number of enterprises to design and implement sidechains tools that handle processes and tools within their operations. in the OP, you can see one of our first commercial products for sidechains (IPS) hopefully this answers your question but if not then please let me know |
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Morning guys, check out the fresh announcement on the front page of the thread If you have any feedback we would love to hear it so let us know down below |
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Sage really has a great team of forward thinkers on board. I have gotten to know them over the last couple of weeks on the discord etc.... I expect some big things to come from what they are working on. This isn't just some random coin launched without a plan. I'm keeping my rigs on the network. One day I have no doubt I'll be very glad I did.
thanks for the support, it means a lot to have people all around the world mining and maintaining our network, the core team work full time on this project and we are making a lot of headway in partnerships and real world implementation of our solutions. hopefully will have more to share on this in the next few months |
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Yes ive read it but a roadmap is often a good way to show at a glance what a project is about and where it's heading. An image is better than words We are just finishing up an "innovation roadmap" which are a series of developments we are looking to complete within the next year, stay tuned for that |
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Next week we will be sharing a preview on what will be our first public sidechain tool for enterprise - the internal payments system (IPS) so keep an eye out for that its still not quite ready for public use yet (theres some setup steps still required) but we are going to be testing with some pilot companies over the next month or 2. For websites with merchants, this tool completely bypasses things like stripe connect as it assigns and actions financial balances for users accounts automatically. If a website has 10,000 active merchants and is using stripe connect, we are saving them £20,000 a month which is a huge win. We done a post explaining the concept further last month if you want to know more: https://www.sagecity.tech/post/sagecity-internal-payments-systemHello ! It's next week already  Do you plan to release this preview this weekend ? Or should we wait next week/next monday ? Thanks Its going to be posted soon within an overall development update which should be out by monday/tuesday  |
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The biggest factor for me thus far has really been the team. If you haven't checked out the pod casts I suggest you give em a watch.
Thank you and speaking of... heres podcast number 3: https://www.youtube.com/watch?v=I9AcJQsoUZw |
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That's an interesting Point of view.
In fact, it makes me think that new coins need small exchanges to grow, but as small exchanges list new coins and some of those succeed, these exchanges grow too.
So there will be a day when they stop listing for cheap fees. And new coins will need new small exchanges with cheap listing fees.
Thats the way we see it happening and I think a lot of exchanges are missing a trick by focusing on ICO's. At its core - its long term gratification and chasing short term gains can be counter productive long term |
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Next week we will be sharing a preview on what will be our first public sidechain tool for enterprise - the internal payments system (IPS) so keep an eye out for that its still not quite ready for public use yet (theres some setup steps still required) but we are going to be testing with some pilot companies over the next month or 2. For websites with merchants, this tool completely bypasses things like stripe connect as it assigns and actions financial balances for users accounts automatically. If a website has 10,000 active merchants and is using stripe connect, we are saving them £20,000 a month which is a huge win. We done a post explaining the concept further last month if you want to know more: https://www.sagecity.tech/post/sagecity-internal-payments-system |
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We shared the news in our discord last night but we were just accepted into Wayra, the telefonica and cisco blockchain accelerator program! https://twitter.com/WayraUK/status/1143968736514400256This is a big opportunity for us to work with new companies and organisations interested in using our technology, we've already met some amazing people and we've only just completed day 1. This is a big testament to the team, especially Adam, Tom & Decio who have been working extremely hard on the "IRL" business side of the company. It can be difficult to establish yourself in the crypto space with such an influx of other projects but we are working hard to build a sustainable business that actually does meaningful things with blockchain technology and we believe that long term, that is the best approach Come hang out with us in the discord! https://discord.gg/ebzYmc |
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Now it's easy to track the price of $SAGE via your mobile. SageCity is now available as an asset on the blockfolio app!
Just hit the search button and type in sage and you should be able to see all the market data!
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What does everyone think about the idea of a Universal Basic Income?
It is gaining popularity on both sides of the political spectrum, and there are increasing numbers of live trials of the system.
The concern is that the next wave of automation will create a new class of effectively unemployable people, and that as this continues some system will need to be in place to support citizens. Waves of automation in the past have simply created new jobs in different spheres. The industrial revolution cut agricultural jobs but created factory jobs. The development of computers over the last few decades has hit manufacturing jobs but replaced them with new opportunities in the service sector. The problem is that as AI starts to take hold, many of these jobs will go as well. It used to be the case that there were always jobs that computers couldn't do, but in the future this will rarely be the case.
Universal Basic Income also removes some disincentives to work, and what is called the 'welfare trap', whereby the resulting cuts to benefits due to new part-time work can make it economically preferable to not take part-time jobs.
So as we are generally a technically minded set of people on here, with one eye always on the future, what do people think? Is UBI inevitable? Is it desirable? Personally I think probably both. It is at least worth trying. It is a step towards reducing inequality, and will provide an element of empowerment to the disenfranchised, and so perhaps alleviate some social tensions. It will also drastically simplify existing complex and expensive welfare programmes. UBI needn't be hugely expensive either, an overhaul of the taxation system to make it more genuinely progressive could free up huge quantities of money.
Personally, I think universal basic income is inevitable but I'm not fully aligned with your conclusions around the "welfare trap". The younger generations are already positioning themselves more as designers (engineers, coders etc) so I think the real challenge is for the older generations. The first jobs to go will be manual labour jobs like driving or stacking shelves and I think many will be glad to stop these and begin receiving UBI. For many people, they don't work for money exclusively, they work for money to be able to pay for their necessities (food,shelter,clothing etc). I think its very difficult for people to understand the concept of free money and I could see some kind of indirect form of UBI in which necessities are provided. It's easier from a physcological perspective to invent and introduce technologies and concepts which cover these costs than re-invent the monetary system. And finally, If we do achieve some kind of UBI, The beauty of the system (if implemented well) means that it doesn't matter what people do with their time. I think many people will sit for a few months chilling on netflix and playing the xbox but the human mind (without always realising it) craves meaning. I believe many people will follow passions they were forced to give up like art or music because they were unable to make a career out of it. For those more innovation driven, working on worldwide problems like disease, famine, renewable systems and potentially as far as lightspeed travel. I think that until we take care of our basic human needs, only then can we truly reach our potential as humans and push the boundaries of what we know and understand. If anyone reading wants an interesting book related to this, i found bulls**t jobs by david graeber to be really useful. |
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Its been a great few days for sage and theres more updates planned for this week, subscribe to our mailing list to receive our monthly development update at the end of the month! https://www.sagecity.tech/ |
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