The coins are used to Sell and get BitCoin for them. Then you take the BitCoin and buy things or sell BitCoin to Fiat. If the coin had a Use that Merchant would have to sell to BitCoin and then to Fiat so it is the same principle just no need for a middle man. Really the ones making money will be the Miners of the PoW coin. If you buy their coin to speculate in the market you can make some money too I suppose. 40 Year project though it will take some time to get the PoW coin distributed so it can't dump down the price after the Claimers sell off continually. This is a gateway to BitCoin, it is like SLR is strapped to the back of a BitTowTruck doing 100 MPH on the freeway spewing black smoke and cutting people off in their Hybrid cars, SLR can only wave and say sorry its just the way the world works.
Such pessimism. There's always going to be a need for Bitcoin or some technology like it as a mainstream to trade with. What are the use cases of this coin? Im a big Solar energy fan, and it would be cool if I had my own place and was generating solar and got some coins. BUt beyond that (and then selling them). what can I do with them / what are its use cases? What drives value in it? Thanks
The philosophy on how Solarcoin derives it's value is through solar production with distribution and encouraging clean energy use. That's it's primary function however there is more going on in development behind the scenes. It's still growing, and there are a handful of merchants. In my opinion it would be fantastic if solar merchants accepted the coin, even as a percent coupon. That would fuel even more sales of solar panels, inverters, grid ties, etc. There's much going on as Nick would say "Under the hood" I can't comment on. Needless to say just read the news section of the solarcoin.org website if you're looking for more information. |
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There's some ugly rumors started by a sock puppet account on twitter about an algo change. Complete rubbish.
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This concerns me as you're basically saying that SolarCoin is governed by US law which effectively undermines what you're trying to achieve with SolarCoin as a global solar rewards scheme. Are you able to elaborate on this please? There are always going to be jurisdictional holes for any program. There are similar issues within the US for various rewards programs by large companies due to local laws. Sometimes things aren't compatible from one government to the next. It's nothing to be concerned with, it just happens. |
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Looks like some beefy granting action going on today.  |
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I don't mean to sound over confident, but SLR has had its ups and downs. It was at one time valued at 300 Satoshi's. With everything going on behind the scenes I am foreseeing a great future, not only for investors, but for many segments of blockchain technology and society. Many intelligent and hardworking people are seeing the potential and are working hard to create something around Solarcoin. Real world applications which take time to blossom. |
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Is there anyway to control how much SLR is being staked in my wallet? It seems only a fraction of my available coins are being staked at any given moment. Is this random?
It's normal. Thanks, I figured it was. My limited mind is just trying to understand this PoS system. Phah, limited mind. A limited mind wouldn't ask an in depth question. I just don't know how it works exactly, so that's the best answer I could give you with my limited mind.  |
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Is there anyway to control how much SLR is being staked in my wallet? It seems only a fraction of my available coins are being staked at any given moment. Is this random?
It's normal. |
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The network of users is poised for interesting things. It is taking longer than we thought, but also becoming more interesting and strange than we ever could have hoped for in a good way. I like strange, strange is good. |
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I'm assuming that like solo POW mining if I have to shutdown or restart the computer I start from the beginning or is it cumulative?
It's based on coin age. If you say didn't run your wallet for quite some time, it would find a block within minutes. |
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Thanks man Give it some time it will stake but depending on your amount of coins that is how long it will take.
Thanks for the reply, are we talking hours, or days? approximately. I realise that it's POST not just POS so time is a factor in how much is paid as interest. Does it pay out in increments or is it once a week/month/year. And when do the coins move to the staked row? I've had the wallet running almost all day with nothing happening yet. Thanks again sorry for the noob questions I can't seem to find the answers using google.  It takes about 3 days for any amount of coin to stake maybe more. If it is a small amount of coin you will find that it is not really worth it. All the big wallets are gobbling up the benefits of PoST. Small wallets are really not worth staking. So is it worth doing with 20K ish coins? If you decide to NOT stake your wallet: 1. You will not get ~2% annual interest on your coins 2. Your wallet will not participate in securing the SLR network. Thanks! I know thanks that's why I've chosen to stake my coins more than anything it's to help the network. 20k is a fair amount to stake with. It always takes a few days to build "coin age" before you receive your first staking reward ie. find a block. |
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I think we really need to trade directly to USD - Bitcoin is holding us back and by that I mean if BTC goes up we "may" go UP, if BTC goes down we "may" go down too. If we trade directly to USD this scenario "may" be solved. What do you guys think?
I think that's a load of bollocks. Bitcoin is not Holding SLR back. In fact its the only reason for its existence. Noone would trade SLR if you could not get any BTC in return... (at least thats what I think) Well I'm not saying that we must completely remove the BTC/SLR trading out of the market, but instead to add USD/SLR option too. Most of the top 5 coins in the exchanges have that option, why don't we add it too? It may bring more stability to the price, don't you think and people who want to buy, can directly do it with their cash, instead of buying BTC and then converting to SLR etc... All I want is to make the whole process of trading SLR easy for the people who want to invest. P.S. - and as we were speaking another "small" 16k SLR dump happened in Bittrex... I'm getting tired of this manipulation :/ The Securities Exchange Act stands in the way as far as I have been told. PoW was involved to 33 Million coin and not granted still this is why SLR is granted for free and is controlled by a Dot ORG as a foundation. If every coin could become a USD pair everyone would just make their own coin which represents a Stock. Stocks go up and down like BitCoin does and entertains speculation, where you can speculate on how strong the dollar is against other currency it won't swing as wild as Crypto could. Don't mistake Crypto for currency it is pure speculation. Trading to BitCoin is the only viable way to get rid of BitCoin and have users switch over to SolarCoin. This act would be self fulfilling enough to deride BitCoin if all holders valued the planet. But there is so much money wrapped up in BitCoin due to power consumption and purchases of ASIC's that most holders value their investment more than even just gambling and jumping the BitCoin ship when they also know that there are many holders of SolarCoin who will have PoST domination over them no matter how much SLR they can buy. There are easy ways to stabilize Crypto but no one wants to do that because that would just mean we are using it instead of currency. Everyone wants that lure of making profits from trading. Ultimately you have the problem of creating a Buy in any market, the lure of profit is the only thing that makes people try to buy it. The dilemma is very simple to understand, as a Claimer you buy Solar Panels not SLR so your money doesn't go into buying in the market just selling the coins. Well then you have people trying to sell coins to buy batteries and inverters etc. and hoping that will create a market only increases the problem, selling to pay for the inverters or batteries. There are Costs to these products. You can't just give away Batteries as barter for SolarCoin and not have it absorbed somewhere. Someone down the line will have to sell and recoup their costs on something they barter for. The sells overwhelm the buys, it is just natural. To sustain this on top of profiteers or manipulation is even more difficult. The Manipulation can create a median price at each level though since no one would sell lower than what they bought in at, but there is so much coin that was FREE during PoW that it may overwhelm the market. And don't forget there are 500 Million SLR in the Dev Fund to give to charity or what have you. It may be a reason why people shy away if 98Billion was not a big enough reason. There's always going to be a need for Bitcoin. It creates a tax haven environment for trading that's unmatched in the western world. As soon as you trade from Bitcoin to Fiat, you generate a tax event but I can trade Bitcoin to Bitcoin alts all day long and never suffer those consequences until I turn my Bitcoin, or other crypto currency (like Feathercoin for example) into fiat. Bitcoin is here to stay and I'm glad it is. Solarcoin like all the other alts that survive have their space in the crypto currency ecosystem. |
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I really don't see the doom and gloom scenario CryptoNick. Solarcoin is just another form of barter. It's not always going to be necessary to turn it into straight currency.
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Hi!
What happened with the poloniex listing? Is that still in the works?
It wasn't. There was a language barrier and it was put up on the Solarcoin website in error. |
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Authentication + increased transparency. Brilliant! |
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Today I got the problem of synchronization of my wallet? Stopped on the block 1304696, rescan does not help me.
Make a backup or five of your wallet file first then reload the blockchain. If that fails delete everything except the wallet file in your %appdata%/solarcoin folder and restart the application. |
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So are you the ghost trader? Do you mean, that's a negative, Ghost Rider? |
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We really need some positive news and need to pull more investors in as we are taking a bit of a dive at the moment on bittrex.  There's a lot going on right now. If the market is down, it's a good time to buy more. |
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I have been trying to get this miner to run with my RX 480s today.
I dont seem to get the batch file to work, i feel stupid because i have been doing this alot during the years.
I want to mine eth at suprnova, could someone help me sort out a batch file ?
If i run the original batch file that comes with the miner it is starting up right away but when i change something in it the miner cant connect to the pool.
Do you have the right proxy version set? suprnova is finicky. hmm not sure, i tried to use the information available on their site in the help section. But i am not sure if i get the batch file done right either. This one does not look like they do usally. Pasta your bat file. |
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I have been trying to get this miner to run with my RX 480s today.
I dont seem to get the batch file to work, i feel stupid because i have been doing this alot during the years.
I want to mine eth at suprnova, could someone help me sort out a batch file ?
If i run the original batch file that comes with the miner it is starting up right away but when i change something in it the miner cant connect to the pool.
Do you have the right proxy version set? suprnova is finicky. |
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