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361  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 05:42:31 AM

12kw a transaction? That's crazy. Still less than your typical brick and mortar bank, but I like the solarcoin comparison. It's basically free.
362  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 04:45:00 AM
Buying at market is what you do at coinbase by the way. When you buy it's always a market buy.

It is a closed market for SolarCoin not for BitCoin. I outlined it above ^

It's not closed, it just hasn't opened yet. Solarcoin is still in infrastructure the same was Bitcoin was in 2010. In 40 years you'll only have 460 more solarcoin than bitcoin and the price performance of solarcoin will reflect that. In 40 years I could see solarcoin reaching 90 dollars per coin, especially when you factor in inflation, it could go even higher. Right now I'd be extremely happy with 10 cents, but we're going to have to build 7 times more value into the concept. Most of that will come through claims and distribution.

I meant to say 460x as many solarcoins as bitcoins. Derp.

Actually I dropped a zero, it's 4600 times as many, but the value isn't as expected to rise as high as bitcoin. Math.
363  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 04:42:56 AM
Buying at market is what you do at coinbase by the way. When you buy it's always a market buy.

It is a closed market for SolarCoin not for BitCoin. I outlined it above ^

It's not closed, it just hasn't opened yet. Solarcoin is still in infrastructure the same was Bitcoin was in 2010. In 40 years you'll only have 460 more solarcoin than bitcoin and the price performance of solarcoin will reflect that. In 40 years I could see solarcoin reaching 90 dollars per coin, especially when you factor in inflation, it could go even higher. Right now I'd be extremely happy with 10 cents, but we're going to have to build 7 times more value into the concept. Most of that will come through claims and distribution.

I meant to say 460x as many solarcoins as bitcoins. Derp.
364  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 04:39:12 AM
In fact we've already witnessed a doubling in value with the successful implementation of PoST, and incorporation into a public services company. These things add value, and as we build more into the concept more value will be added, as well as claims. As this occurs it'll attract more investment into technology to service acceptance. As well as emerging technology already in progress with embedded technology to track claims and automate the process. All of this software and hardware coming together will add even more value to the project.
365  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 04:34:39 AM
Buying at market is what you do at coinbase by the way. When you buy it's always a market buy.

It is a closed market for SolarCoin not for BitCoin. I outlined it above ^

It's not closed, it just hasn't opened yet. Solarcoin is still in infrastructure the same was Bitcoin was in 2010. In 40 years you'll only have 460 more solarcoin than bitcoin and the price performance of solarcoin will reflect that. In 40 years I could see solarcoin reaching 90 dollars per coin, especially when you factor in inflation, it could go even higher. Right now I'd be extremely happy with 10 cents, but we're going to have to build 7 times more value into the concept. Most of that will come through claims and distribution.
366  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 04:21:12 AM
Buying at market is what you do at coinbase by the way. When you buy it's always a market buy.
367  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 03:58:37 AM
Eventually I think Solarcoin will grow large enough it won't even need Bitcoin. I can see a time when Coinbase will change it directly to fiat. I say this because of the nature of the coin. It's designed to do something useful from the start. It's aimed towards industry primarily. Eventually as it grows and solar companies begin to accept it for panels, grid ties, batteries, installation and whatnot, Coinbase and similar services will take note and fill the fiat void. They will want a piece of the action and for obvious reasons.

In my view this is how it's going to grow to help incentivize solar growth because it's the hardware and development that drives the industry.

That is a closed market since you don't need SolarCoin to buy something so you won't go buy SolarCoin only Claimers will try to sell it and then merchants sell off too. Possible that people can play that market and it may keep boosting so it would be better than only BitCoin. I just think it wasn't this way initially since that is the Securities act violation. When selling to BitCoin then BitCoin bears the burden of FIAT transactions and SolarCoin is still free from scrutiny even though there is a slight amount of scrutiny that it may be able to slip around it by not offering FIAT based exchange.

Had BitCoin never accepted FIAT and only used for trade it may still hold the same distinction but now as it sits BitCoin is a Stock and Commodity forged out of Spurious activity and peoples willingness to invest in ASICs to produce coin from thin air.

There are many misconceptions and errors in those 2 paragraphs. I'll only touch on two of them. If solar companies accepted solarcoin for hardware and services, there will be an incentive to buy it outright on the market (like through coinbase) in order to make a crypto purchase. Any fiat to crypto conversions through coinbase are already licensed.

There is a difference between the license to accept FIAT for Crypto and creation of the stock, the very inception of Crypto goes against the Securities act. Anyone can make a coin now and have their own decentralized stock that can skirt an issue. So why does SolarCoin care about this security act? Why would they say it matters? I was told this by them and now have to work my ideas around the Security Act when in actuality SolarCoin may be in violation.

If Solar Companies accept SolarCoin they will give away Solar Panels for SolarCoin? Sounds great, I am going to go make Lamborghini coin and have Lamborghini accept coins I gave away to people who ride the bus and can claim them with their bus stubs to then be able to buy a Lamborghini with this new freshly minted coin.

So you are saying that the Solar Companies now sell the Solar Coin they accept right? Well who would buy the Solar Coin at face value? If buying SolarCoin is equal to the selling price of the Solar Panel to keep the Solar Company in business, the buyer may as well just use their Cash on hand. Oh wait they can buy low? nope solar company goes out of business just slower. Hmm, the prospective panel buyers take their FIAT and buy solar coin higher than it costs to make solar panels? Ok you got me there.

Only possible scenario is to get a discount on the purchase, then the solar panel company can write it off, but then just throw away the coins since they can not profit from them. And if they don't destroy the coins and sell them later they are in violation due to tax fraud. Being that they accepted the Coin and then wrote off the cost and then 2 years later when the coin went to $10 a coin they profited from their write off.

So in that instance the coin would need to be burned if accepted and the price would be equal to the discount, so only less coin could be burned if the price goes higher. But this still doesn't create a buy just to get a Discount unless the Discount is larger than the buy in. Which means the glut of Solar Coin being claimed and sold would make it worth less too and not incentive enough to take the time to claim. It just doesn't work in these scenarios.

FIAT is a closed market for SolarCoin there is no misconception, and BitCoin will drain the SolarCoin economy! Who is going to buy the SolarCoin? Speculators? If you can show me how just through mere speculation of price that it would perpetuate the market I am all ears. Remember that there are free coins dumping like rain if the price goes up too. Since it comes down to an eventual top value of 1MWh per coin you also have a ceiling... combined with rain, a leaky ceiling. Then there is no profiting from the new current buyers, only loss and with the advent of newer solar panels lowering costs the value can also go down. So once the price stabilizes now the costs are dollar for dollar which means you may as well go spend your dollar instead of buying SolarCoin. It is a vicious cycle.

It works okay for Bitcoin, I don't see an issue with Solarcoin working the same way. Would I market buy if the cost is less than paying with fiat for something? Maybe. There are costs related to doing business with banks retrieving funds for items purchased, it could be in their best interest to make it work depending on any situation, it could benefit everyone. It could also boost sales as overstock has experienced. That in itself would be worth the investment.
368  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 02:49:29 AM
Eventually I think Solarcoin will grow large enough it won't even need Bitcoin. I can see a time when Coinbase will change it directly to fiat. I say this because of the nature of the coin. It's designed to do something useful from the start. It's aimed towards industry primarily. Eventually as it grows and solar companies begin to accept it for panels, grid ties, batteries, installation and whatnot, Coinbase and similar services will take note and fill the fiat void. They will want a piece of the action and for obvious reasons.

In my view this is how it's going to grow to help incentivize solar growth because it's the hardware and development that drives the industry.

That is a closed market since you don't need SolarCoin to buy something so you won't go buy SolarCoin only Claimers will try to sell it and then merchants sell off too. Possible that people can play that market and it may keep boosting so it would be better than only BitCoin. I just think it wasn't this way initially since that is the Securities act violation. When selling to BitCoin then BitCoin bears the burden of FIAT transactions and SolarCoin is still free from scrutiny even though there is a slight amount of scrutiny that it may be able to slip around it by not offering FIAT based exchange.

Had BitCoin never accepted FIAT and only used for trade it may still hold the same distinction but now as it sits BitCoin is a Stock and Commodity forged out of Spurious activity and peoples willingness to invest in ASICs to produce coin from thin air.

There are many misconceptions and errors in those 2 paragraphs. I'll only touch on two of them. If solar companies accepted solarcoin for hardware and services, there will be an incentive to buy it outright on the market (like through coinbase) in order to make a crypto purchase. Any fiat to crypto conversions through coinbase are already licensed.
369  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 02:13:17 AM
I do agree with Nick that if people only claim & hold, stake, sell then no real $$ would come in except for the network effect that naturally occurs.. which is essentially someone passing the buck until the cash-out-crash happens & people are left holding the expensive bag.


I just hope we continue creating ways to improve on the whale issue because it is worth noting in any coin, and can make it really hard for others to have faith in any stable form of investment over a long term period of time within SLR since concentration of power does not allow for it.


we need new & diversified money in SLR.. lets hope it comes soon Smiley

Thanks, and I am only showing the perspectives and many scenarios can play out.

I am building on a theory to stabilize the price, meanwhile waiting for feedback in slack. I only have a few weeks for overall acceptance by SolarCoin and will take my ideas elsewhere if denial is eminent. I hope that SolarCoin will allow me to mold my ideas into a final version of Crypto to solidify trade. This is what we all want to be able to do and incentivize solar at the same time. It will require a Roll in of Coin so to be honest and up front about that so you can know that the concept will make that big of a change if accepted.

I think if you knew what I was planning you may go bonkers buying Smiley but I am going for integrity and may wash out the interchange. Not sure if people will be able to get their head around the concepts though and the legality must be explored, but I think in the end it will be seen that worth was always perceptual in both models, but I will make the perception work to PEG BitCoin to SLR now. Not the other way around.

Just know that vipgelsi and mattwj44 started me on my quest through countless posts and postulations, that if successful we will hit the Sun! The end goal is completely Utopian but shares a balance of perception within every currency of the world to hinge on the one thing that hinges in all economies... Power.

Wouldn't a white paper be useful?
370  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 27, 2015, 02:05:50 AM
Eventually I think Solarcoin will grow large enough it won't even need Bitcoin. I can see a time when Coinbase will change it directly to fiat. I say this because of the nature of the coin. It's designed to do something useful from the start. It's aimed towards industry primarily. Eventually as it grows and solar companies begin to accept it for panels, grid ties, batteries, installation and whatnot, Coinbase and similar services will take note and fill the fiat void. They will want a piece of the action and for obvious reasons.

In my view this is how it's going to grow to help incentivize solar growth because it's the hardware and development that drives the industry.
371  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 26, 2015, 07:29:50 AM
Hmm, only 197k SLR available on Bittrex.
372  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 26, 2015, 07:26:03 AM
http://www.ibtimes.co.uk/bitcoin-giant-btcc-donates-100-full-nodes-help-maintain-network-1534926

Now that we know the Intel PC sticks do the job with a staking SolarCoin wallet, we could be doing this, too. Why not incentivize new claimants with a ready-to-go (let's say) 1000 SLR wallet on a Win8.1 PC stick?

SLR has to be earned. Over the long run we'll see more people supporting the chain.
373  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 24, 2015, 06:01:21 AM
Does more nodes equal better chance of more blocks staked?

That I can't say, but I can say it does help secure the blockchain by increasing the bandwidth needed to download blocks in a timely manner.
374  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 23, 2015, 08:28:24 PM
I've been doing some work here trying to find the best configuration for staking, and I think I found it. You have to open ports 18188, 18181, and 9050 TCP only. If you can do that through your router and computer firewall, your connections should grow into the 30's.



I just forwarded the ports like you said. I used to have around 7-8 connections and now I have 9.
Any chance I did something wrong? Something must have happened because I never saw more than 8 before

No, you did it right. It takes hours to build more connections. I have 29 at the moment. I've seen it as high as 34.
375  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: December 21, 2015, 08:02:47 PM
I've been doing some work here trying to find the best configuration for staking, and I think I found it. You have to open ports 18188, 18181, and 9050 TCP only. If you can do that through your router and computer firewall, your connections should grow into the 30's.

376  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: November 30, 2015, 04:55:20 AM
Taxes Regarding Cryptocurrency

Quote

1. A pro rata stock dividend, where a shareholder receives no actual cash or other property, and retained the same proportionate share of ownership of the corporation as was held prior to the dividend, is not taxable income to the shareholder within the meaning of the Sixteenth Amendment.

2. An income tax imposed by the Revenue Act of 1916 on such dividend is unconstitutional, even where the dividend indirectly represented accrued earnings of the corporation.

Quote
"It is manifest that the stock dividend in question cannot be reached by the Income Tax Act and could not, even though Congress expressly declared it to be taxable as income, unless it is in fact income."

"A stock dividend really takes nothing from the property of the corporation, and adds nothing to the interests of the shareholders. Its property is not diminished, and their interests are not increased. . . . The proportional interest of each shareholder remains the same."

The stock dividend in this case was the economic equivalent of a stock split—a transaction in which the corporation multiplies the total number of shares outstanding, but gives the new shares to shareholders in proportion to the number they previously held. For example, if a corporation declares a "two for one" stock split (and distributes no money or other property to any stockholder), a stockholder who held 100 shares at $4 per share will now hold 200 shares with a value of $2 each, which is still $400 in value.

"Brief as it is, it indicates the characteristic and distinguishing attribute of income essential for a correct solution of the present controversy. The government, although basing its argument upon the definition as quoted, placed chief emphasis upon the word "gain," which was extended to include a variety of meanings; while the significance of the next three words was either overlooked or misconceived. "Derived from capital;" "the gain derived from capital," etc. Here, we have the essential matter: not a gain accruing to capital; not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value, proceeding from the property, severed from the capital, however invested or employed, and coming in, being "derived" -- that is, received or drawn by the recipient (the taxpayer) for his separate use, benefit and disposal -- that is income derived from property. Nothing else answers the description."

"It is in vain to say that enlightened statesmen will be able to adjust these clashing interests, and render them all subservient to the public good. Enlightened statesmen will not always be at the helm. Nor, in many cases, can such an adjustment be made at all without taking into view indirect and remote considerations, which will rarely prevail over the immediate interest which one party may find in disregarding the rights of another or the good of the whole."

"The fundamental relation of "capital" to "income" has been much discussed by economists, the former being likened to the tree or the land, the latter to the fruit or the crop; the former depicted as a reservoir supplied from springs, the latter as the outlet stream, to be measured by its flow during a period of time. For the present purpose, we require only a clear definition of the term "income," as used in common speech, in order to determine its meaning in the amendment, and, having formed also a correct judgment as to the nature of a stock dividend, we shall find it easy to decide the matter at issue. The government, although basing its argument upon the definition as quoted, placed chief emphasis upon the word "gain," which was extended to include a variety of meanings; while the significance of the next three words was either overlooked or misconceived. "Derived from capital;" "the gain derived from capital," etc. Here, we have the essential matter: not a gain accruing to capital; not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value, proceeding from the property, severed from the capital, however invested or employed, and coming in, being "derived" -- that is, received or drawn by the recipient (the taxpayer) for his separate use, benefit and disposal -- that is income derived from property. Nothing else answers the description."

"Legal trials are not like elections, to be won through the use of the meeting-hall, the radio, and the newspaper... And the Court has insisted that no one be punished for a crime without 'a charge fairly made and fairly tried in a public tribunal free of prejudice, passion, excitement, and tyrannical power'... The theory of our system is that the conclusions to be reached in a case will be induced only by evidence and argument in open court, and not by any outside influence, whether of private talk or public print... Moreover, the jurors were thrust into the role of celebrities by the judge's failure to insulate them from reporters and photographers... The carnival atmosphere at trial could easily have been avoided."

Crypto currency isn't a Stock. You don't own a part of a corporation and there are no assets of the corporation to consider PnL to derive worth from. The worth of BitCoin is the fact that people buy hardware and pay for power to mine it, other than that it is vapor. What people are willing to pay is the worth but this is deceiving since Manipulation is always going on.

The devs create the coin and people pay to use it, this creates a market. So when you buy a coin it is pure speculation that it is worth anything and the fact that you paid that much made it worth that much. It could go to Nil and you lose everything. The act of buying translates a cost of a good. If the costs were always the same it would only flow through. Nothing gained by either party other than the facilitation of a transaction. One party has to sell their coin at the end to get FIAT. This is the problem. It allows for Profiteers to buy it and manipulate the prices to their advantage. They are taking a risk though if they buy. The funny thing is that people actually have to buy it to use it also which could create a demand. But Why would they buy it? There is no real incentive other than the fact that they could trade it and make money maybe later. But generally they get stuck and may just spend it when it is not worth selling. The Merchant can make money but they have now accepted the risks.

The entire problem relates to the need to get back to FIAT i.e.: cost of goods. I have devised a way to eliminate the need to go back to FIAT. I am working out the details to make it more attractive to merchants who want to participate. This also now creates no need to file a tax statement ever in regards to your ownership or usage of the coin. It is like holding a Coupon from your favorite retailer in hopes that your favorite retailer will get on board. The retailer can write the cost off but also have the ability to cash in for a Solar Panel. The actual transaction is a pass through but grants a discount to the Merchant for the exchange. Solar and FIAT go hand in hand so they are a perfect pairing of Power.

I think much of the fiat issue can be addressed when merchants accept slr for goods and services, if they can apply even a small discount, that would help provide the necessary spread for market buys for trade.
377  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) on: November 11, 2015, 05:53:03 AM
I wonder if Whoever is pushing the price down actually thinks people are going to sell at these ridiculous prices. As far as I can tell, Someone is buying and selling their own coins on bittrex. This is the same person who is pushing the price down.
The question is:
 is he trying to short because that's a dangerous game to play when you're the only one actually selling.  Wink

Actually, that was me selling. I've watched and participated for almost two years and in all that time someone has been purposefully capping the price at a penny. We've all witnessed it, it's not even news anymore.  Cheesy

At first I assumed it was just some nutjob crackpot in his 40's who had severe control issues symbolic of mental illness of some sort, schizophrenia maybe with a healthy heaping of paranoia mixed with some sprinkles of OCD. But for the life of me, I can't imagine even a person like that having the staying power like this guy has. It just isn't logical to assume that after all this time, one person would be crazy enough to obsessively control the price of an obscure coin in an obscure corner of the digital universe that has no more than a couple dozen people even paying attention. The odds of that hypothesis being true are so small that there has to be some other variable in the equation that has been carefully omitted from this whole story.

For what rational purpose then would someone try to control the price of this coin since its inception? Who benefits from that? Someone who has completed deluded themselves into thinking this coin would save the world? Or someone who wanted to take advantage of people who would be deluded into thinking this coin will save the world? Or perhaps both?

I still don't know the answers to these questions but I do have a lot of data gathered and a fairly informed opinion given the time horizon I've been part of this little experiment. One conclusion I have made for myself is this: I choose to no longer be a part of this experiment. I sincerely hope it works out for those choosing to continue their involvement. And for the individual(s) working day and night to control the price of this coin, may you be blessed with a reward equal to your efforts that will inspire the courage within you to begin allowing some things in your life to occur naturally. And know that such an obsessive focus on control is not rational, it is quite the opposite, it is an emotional decision rooted in fear that you have cleverly convinced yourself is the right thing to do, for whatever reason.

And with that, I bid you all adieu! Cheesy I have thoroughly enjoyed my time here in this quiet little corner of the Universe and I have gained much insight into the nature of man and how that is ultimately what defines the nature of value. I have also come to understand my own nature during this time and this particular experiment no longer matches my definition of value, therefore I am moving on.

Again, best wishes to all of you in the fight for freedom. Our goals are still the same, I'm simply choosing a different path to get there. Kiss

I'll miss you on the forums Epiphany. Keep in touch on Facebook. I always enjoy our chats and occasional phone calls. Smiley
378  Economy / Securities / Re: [CRYPTOSTOCKS] (DVB) Devcoin Bounty Security on: November 08, 2015, 10:08:29 AM
Anyone home?
379  Economy / Scam Accusations / Re: Leroy Fodor & Tài Tưng Tửng's (Bui Anh Tài) StakeMiners is an insolvent Ponzi! on: November 06, 2015, 04:33:54 AM
Oh no, the almighty "fuck face" has been invoked. Shit just got real.
380  Economy / Scam Accusations / Re: Leroy Fodor & Tài Tưng Tửng's (Bui Anh Tài) StakeMiners is an insolvent Ponzi! on: November 04, 2015, 03:30:02 AM
Fodor? Hodor?

Maybe?

HODOR HODOR HODOR, HODOR!
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