I partially agree with you on this point. Although the outcome is the same, I have different view on this part. Chille doesn’t require SAFEX as long as the Chille coin is mineable. A person could very well hold 100k Chille coins without having SAFEX coins. SAFEX will benefit from the (increasing) value of the Chille coin, but SAFEX doesn’t necessarily requires to gain value in order for Chille coin to gain value.
Chille coin will be the currency in which goods and services are traded. A person doesn’t necessarily needs SAFEX coins to perform any transaction within the Chille blockchain. This will remain like this as long as the Chille coin is mineable. I picked the following theory up on Facebook (https://www.facebook.com/groups/SAFEX/) and I think the person who wrote that might be quite right in his future outlook:
Blockquote So even if SAFEX remains at Zero USD, it wouldn’t matter. As long as the marketplace offer services or products in Chilli coin, who cares where the SAFEX stands? SAFEX will turn into some sort of commodity as soon as the Chilli coins are gaining momentum. For this to happen, the Chilli blockchain, the marketplace (and exchange) need to be up and running
One day, some person will offer a yellow Lamborghini Gallardo 2005 model (someone on the SAFEX forum wants one, I read earlier) on the marketplace and will ask 250,000 chilli coins for this. That is the moment real value is starting to form for the Chilli coin. Then obviously the holders of the SAFEX coins will receive their dividends and the beginning is made (although I think it will start with something less fancy, maybe a red paperclip).
Can you imagine the value of SAFEX coin if the Chilli coin reaches $10 and because of the dividends you receive 20 Chilli coins per day? Priceless obviously! I foresee a lively trade in wallet data files as well.
Although the person might not elaborate in full detail about the value SAFEX vs Chille, but this does make sense. I can only imagine the value of the Chille coin vs SAFEX coin when a substantial amount of Chille coins has been mined and mining becomes more and more of an effort. When mining efforts surpass the ‘difficulty threshold vs dividends’, SAFEX will skyrocket.