Bitcoin Forum
December 16, 2017, 09:19:18 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 [67] 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 ... 277 »
  Print  
Author Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)  (Read 432638 times)
cryptocrap
Full Member
***
Offline Offline

Activity: 137



View Profile
May 13, 2015, 09:09:59 PM
 #1321

this coin has a pretty interesting concept, I am watching.  Smiley
1513459158
Hero Member
*
Offline Offline

Posts: 1513459158

View Profile Personal Message (Offline)

Ignore
1513459158
Reply with quote  #2

1513459158
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513459158
Hero Member
*
Offline Offline

Posts: 1513459158

View Profile Personal Message (Offline)

Ignore
1513459158
Reply with quote  #2

1513459158
Report to moderator
nickgogerty
Sr. Member
****
Offline Offline

Activity: 365

Making things better with better things.


View Profile WWW
May 14, 2015, 06:26:30 PM
 #1322

Made a presentation this evening to the BTC Community here in BCN this evening, was interesting to hear that they consider "immediately" SLR as a miles/shopping points. Idea of SLR is out there now.

I will make the presentation available on the SLR FB Forum.

great.  looking forward to seeing the presentation.

Solarcoin (§ SLR) are like airmiles. Each 1 Mhw generated gets you §1 free. Solarcoins can purchase what others will trade: USD,BTC, Soy candles..etc.
nickgogerty
Sr. Member
****
Offline Offline

Activity: 365

Making things better with better things.


View Profile WWW
May 14, 2015, 06:27:41 PM
 #1323

Agreed to the above-mentioned by Corather. Wallets, with say more than x thousand SLR should be kept in cold storage ; much as a lockup period would lock shareholders in a company from selling off (too soon) their stock. This will help keep a healthy price for SLR and claimants.

Its also important to remember that in the staked coin, transaction fees will be destroyed. So there is a deflationary component from transaction fees.

Solarcoin (§ SLR) are like airmiles. Each 1 Mhw generated gets you §1 free. Solarcoins can purchase what others will trade: USD,BTC, Soy candles..etc.
nickgogerty
Sr. Member
****
Offline Offline

Activity: 365

Making things better with better things.


View Profile WWW
May 14, 2015, 06:44:56 PM
 #1324

Update on POSv and other things.

Here is the status, the founders board has paid 50% of a development fee to the team behind Cannacoin for the POSv project.  The amount was paid and accepted in BTC.  To date we haven't had a status update for 3 weeks. So we ask the following from the community.

1. If you know how to reach the cannacoin lead devs, please ask them about the status of the Solarcoin POSv dev project or funds. https://bitcointalk.org/index.php?topic=740903.0  The cannacoin site seems to have gotten quiet, this might be due to other projects they are involved with.

2. If you know a trustworthy developer who can get SolarCoin to POSv please introduce them to me. This provides us with a rapid plan B.  The project involves the following

1. migrating the current coin code base to POSv
2. maintaining the transaction messaging TX message capability.
3. Do this using the current SLR blockchain. We mistakenly went down a rabbit hole with a migrate to a new block-chain solution, which is too risky.
4. Deliver a compiled MacOS, Win and Linux compilable code as well as leave the source up in the repository https://github.com/solarcoin/solarcoin

On other fronts the foundation has engaged a marketing specialist who focuses on growing communities to identifying the cost and methodology for getting to 50k users.

The individual has built campaigns at the regional and national level working with govts, banks and brands over 30 years.

the target of 50k SLR users creating just half the economic utility of BTC (market cap/# of BTC users) is likely to be interesting.

A very high level security specialist with 20 yrs experience is working on a budget and timeline for the following projects:
 
1. securing the generator/ genesis pool,
2. building a website backend that can enable a skinnable wallet: think easy mobile and web affiliates.
3. toolset and architecture for general affiliate security model

so that is what is going on.

Nick

Solarcoin (§ SLR) are like airmiles. Each 1 Mhw generated gets you §1 free. Solarcoins can purchase what others will trade: USD,BTC, Soy candles..etc.
CryptoNick
Legendary
*
Offline Offline

Activity: 937


View Profile
May 14, 2015, 08:48:39 PM
 #1325

SLR could use Opal Coin Colored coins concepts to back SLR. This wouldn't be POSv but you are basing your inflation on future claims plus POSv on top now to protect a coin that is only a flight mile type scenario, there is no need for POSv.

Claiming in would release coins that can be bought.

Example= Claimant for 25 MWH of Colored Coins, Proceeds from the sale go to buy Solar Panels that should equal the Market Cap of the 25MWH current pricing for panels to produce that amount. These Panels could be setup in a Farm and the power Produced would go to buy coin and burn the value of the token after sale. If no one sells the coin then it doesn't burn boosting the market cap. It is smart property so it is trustless but could be used at vendors. So your eventual claim output sustains the worth of the actual Tokens and the claims. So if trading takes place while market cap is boosted due to production of electricity through the bought solar panels it would perpetuate the actual price. This would entice merchants who would need stability to sell to recoup their costs of products.

Or you just make it so that there is no need for any of this and make the actual Merchant who sells the Solar Panel grant a claim to the buyer and this would allow a Merchant to be unique to the Solar Market and build the coin from current purchases to equal the claims. This would be driving future claims based on sales and not allow previous buyers of solar panels to depreciate the market. They already have their ROI anyways so this fits very good to drive demand for Solar since that is demand now not from early adopters.

Rethink in terms of Smart Property based on Opal Coin and assets built on Bitcoin 2.0 technology. I think you could make a bigger splash and momentum for sales in this manner.
vipgelsi
Legendary
*
Offline Offline

Activity: 1302

Solarcoin.org


View Profile
May 15, 2015, 02:37:10 AM
 #1326

Nick thanks for the updates there is a lot of trustworthy people on litecointalk you might want to ask around there. I just started this thread for you I Hope its ok with you.

https://litecointalk.org/index.php?topic=25461.new#new

The other parts of the update including the 50k userbase seems very exciting!!!

mattwj44
Member
**
Offline Offline

Activity: 75


View Profile
May 15, 2015, 02:59:24 PM
 #1327

Update on POSv and other things.

Here is the status, the founders board has paid 50% of a development fee to the team behind Cannacoin for the POSv project.  The amount was paid and accepted in BTC.  To date we haven't had a status update for 3 weeks. So we ask the following from the community.

1. If you know how to reach the cannacoin lead devs, please ask them about the status of the Solarcoin POSv dev project or funds. https://bitcointalk.org/index.php?topic=740903.0  The cannacoin site seems to have gotten quiet, this might be due to other projects they are involved with.



I hope this is not a hit and run, we really need this coin to go POSv either way so I vote we find another dev now no matter what so one dev alone cannot slow down SLR... in the future we should always have 2 independent devs where possible IMO since that would ensure we can move forward in a consistent manner.

We could have dev's race to a rather large reward maybe?
nickgogerty
Sr. Member
****
Offline Offline

Activity: 365

Making things better with better things.


View Profile WWW
May 16, 2015, 04:18:13 PM
 #1328

Update on POSv and other things.

Here is the status, the founders board has paid 50% of a development fee to the team behind Cannacoin for the POSv project.  The amount was paid and accepted in BTC.  To date we haven't had a status update for 3 weeks. So we ask the following from the community.

1. If you know how to reach the cannacoin lead devs, please ask them about the status of the Solarcoin POSv dev project or funds. https://bitcointalk.org/index.php?topic=740903.0  The cannacoin site seems to have gotten quiet, this might be due to other projects they are involved with.



I hope this is not a hit and run, we really need this coin to go POSv either way so I vote we find another dev now no matter what so one dev alone cannot slow down SLR... in the future we should always have 2 independent devs where possible IMO since that would ensure we can move forward in a consistent manner.

We could have dev's race to a rather large reward maybe?

happy to have a Bounty race.  Any suggestions from real devs what a bounty should be for this?

Solarcoin (§ SLR) are like airmiles. Each 1 Mhw generated gets you §1 free. Solarcoins can purchase what others will trade: USD,BTC, Soy candles..etc.
freebird
Sr. Member
****
Offline Offline

Activity: 414

Freedom through Cryptocurrency!


View Profile
May 17, 2015, 12:22:25 AM
 #1329

Update on POSv and other things.

Here is the status, the founders board has paid 50% of a development fee to the team behind Cannacoin for the POSv project.  The amount was paid and accepted in BTC.  To date we haven't had a status update for 3 weeks. So we ask the following from the community.

1. If you know how to reach the cannacoin lead devs, please ask them about the status of the Solarcoin POSv dev project or funds. https://bitcointalk.org/index.php?topic=740903.0  The cannacoin site seems to have gotten quiet, this might be due to other projects they are involved with.



I hope this is not a hit and run, we really need this coin to go POSv either way so I vote we find another dev now no matter what so one dev alone cannot slow down SLR... in the future we should always have 2 independent devs where possible IMO since that would ensure we can move forward in a consistent manner.

We could have dev's race to a rather large reward maybe?

happy to have a Bounty race.  Any suggestions from real devs what a bounty should be for this?

I'm the dev of a new coin as you know, but I'm not an expert. What I learned from figuring out how to modify a codebase and create a blockchain is that it's harder than it seems at first. When I first studied the code, I thought I could get it done in a couple days. That ended up turning into weeks, because of various unanticipated issues in the code. If I had just done a copy-paste without significant modifications to the codebase I was cloning from, it would have been quicker and easier.

Switching a coin from PoW to PoS is a complex business, because you're making major modifications to the code. I don't claim to know anything about this for sure, because I've never done this specific task. But, from what I think I know, I guess you could either replace the codebase entirely -- like you did in the first SLR hardfork where the Cannacoin devs used their codebase as the replacement -- or you could put in the PoS stuff piecemeal into the existing SLR code, which I'm guessing might actually be harder, because the SLR code was not built for PoS in the first place and a lot of things in various files would probably have to be modified.

A good software developer makes $75,000+ per year, in many cases over $100,000. If it takes a week of full-time work for a talented and experienced developer to get this job done, you're talking a price of $1,000 to $2,000. That would be my guess of what something like this is going to cost.

Your best bet would be to find somebody who is willing to take at least partial payment in SLR. Or maybe do a crowdfund on Bittrex to raise some money by selling a small percentage of the Genesis Pool. Grantcoin just raised $1,000 last night in a crowdfund, and many coins do that, so it's a strategy that can work and a lot of people are willing to accept it if there are clear plans for how the money will be used to advance the project.

Hope my input is of some help. Good luck finding your dev! Smiley

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
vipgelsi
Legendary
*
Offline Offline

Activity: 1302

Solarcoin.org


View Profile
May 17, 2015, 01:54:06 AM
 #1330

Thanks freebird!

CryptoNick
Legendary
*
Offline Offline

Activity: 937


View Profile
May 17, 2015, 07:03:09 AM
 #1331

Update on POSv and other things.

Here is the status, the founders board has paid 50% of a development fee to the team behind Cannacoin for the POSv project.  The amount was paid and accepted in BTC.  To date we haven't had a status update for 3 weeks. So we ask the following from the community.

1. If you know how to reach the cannacoin lead devs, please ask them about the status of the Solarcoin POSv dev project or funds. https://bitcointalk.org/index.php?topic=740903.0  The cannacoin site seems to have gotten quiet, this might be due to other projects they are involved with.



I hope this is not a hit and run, we really need this coin to go POSv either way so I vote we find another dev now no matter what so one dev alone cannot slow down SLR... in the future we should always have 2 independent devs where possible IMO since that would ensure we can move forward in a consistent manner.

We could have dev's race to a rather large reward maybe?

happy to have a Bounty race.  Any suggestions from real devs what a bounty should be for this?

I'm the dev of a new coin as you know, but I'm not an expert. What I learned from figuring out how to modify a codebase and create a blockchain is that it's harder than it seems at first. When I first studied the code, I thought I could get it done in a couple days. That ended up turning into weeks, because of various unanticipated issues in the code. If I had just done a copy-paste without significant modifications to the codebase I was cloning from, it would have been quicker and easier.

Switching a coin from PoW to PoS is a complex business, because you're making major modifications to the code. I don't claim to know anything about this for sure, because I've never done this specific task. But, from what I think I know, I guess you could either replace the codebase entirely -- like you did in the first SLR hardfork where the Cannacoin devs used their codebase as the replacement -- or you could put in the PoS stuff piecemeal into the existing SLR code, which I'm guessing might actually be harder, because the SLR code was not built for PoS in the first place and a lot of things in various files would probably have to be modified.

A good software developer makes $75,000+ per year, in many cases over $100,000. If it takes a week of full-time work for a talented and experienced developer to get this job done, you're talking a price of $1,000 to $2,000. That would be my guess of what something like this is going to cost.

Your best bet would be to find somebody who is willing to take at least partial payment in SLR. Or maybe do a crowdfund on Bittrex to raise some money by selling a small percentage of the Genesis Pool. Grantcoin just raised $1,000 last night in a crowdfund, and many coins do that, so it's a strategy that can work and a lot of people are willing to accept it if there are clear plans for how the money will be used to advance the project.

Hope my input is of some help. Good luck finding your dev! Smiley

All that extra work when you could just hit the ground running with Opal Colored Coins. If SLR decided to use Opal they may also get plenty of help from the Devs there. Since SLR would be the first to implement a large scale project there. This would be like a Counterparty type of setup.


Here is the the colored opal FAQ, also known as the colored coin FAQ.
________________________________
What is colored coin and colored opal ?
By coloring an opal you turn it into a token that represents anything you want to trade: Shares, Gold, Houses, Artwork, Commodities....
Colored Coins enable us to create Smart Property on top of the Opal blockchain.

Smart properties are transferable like tickets and certificates, and in addition, every particular smart property is both unique and atomic. Only one smart property of a given identifier can be created, and once created it may not be subdivided.
Smart properties can be used to indicate ownership of an unique real-world asset.

Do i need a specific wallet to use Colored opal ?
Yes, you need an color-aware wallet: the colorcore web wallet

What features is included in the Colorcore?
the Colorcore includes:
-Client Side Encryption: Nobody can't touch your funds.
-Easy Crowdfunding Tools
-A colored coins block explorer
-2 Factor Authentification
-and more...

What is the benefit of colored opal ?
Instead of just sending cash through the Opal network, you can use it to trade anything you want.
With colored opal we can explore new possibilities like advanced financial tools, smart contracts and peer-to-peer exchange over the Internet.
Colored coins adds a new layer to Opal that make it much more useful.

How can i get colored opal ?
There’s no need to purchase extra coins, just use regular Opal and the colorcore wallet to create and transfer assets.

Do i need development skills to create such property, such asset ? on top of the Opal Blockchain ?
No, you dont need any technical skills to create colored coins.

Do you need to change the protocol ?
No, you must see colored opal technology as an implementation in the form of a floating set of specifications that can be implemented in third-party Qt clients, rather than in the protocol itself.

Did colored opal work with opaque technology ?
Not currently...

Is colored opal value as the same value as classic opal ?
Yes, an opal is an opal, but you should see a colored coins as a tool: a token, a title, a key...
color a coin is like writing something unique on it.
A good example is: color a coin which represents the car and who owns that coin owns the car.
A futuristic example will be: Only people who sign an address holding a colored coin can use that car.
The buyer gives you 10,000 Opals, and you give him the colored coins, the key which allow the buyer (and nobody else) to open it, start it... use it.

Can i modify a colored opal into a classic opal ?
Yes.

Does colored coin need a centralized "coloring transaction server", are there nodes that do the verification and storage?
No, it is completly decentralized.

How does this technically work?
for such technical approach, please read: https://docs.google.com/document/d/1AnkP_cVZTCMLIzw4DvsW6M8Q2JC0lIzrTLuoWu2z1BE/edit#

What is the limit of colored opal ?
Your, Our imaginations. You are free to link anything which can be trade...  without central authority, notarial act, or middlemen...
to give you ideas, let's list examples:

-Shares A company could issue colored coins representing shares. The shares could then be traded frictionlessly through the Opal infrastructure.
-Backed coin A bank could issue colored coins backed by a cash reserve. People could withdraw and deposit money in colored coins, and trade those, or use them to pay for goods and services. The Blockchain becomes a system allowing to transact not only in Opal, but in any currency.

-Locks on cars or houses could be associated with a particular type of colored coins. The door would only open when presented with a wallet containing that specific coin.

-Tickets are transferable bearer tokens which are designed to be eventually redeemed for some kind of real world value.
Examples of tickets include:
Event entry passes
Store coupons and special offers
Frequent flyer miles and other redeemable rewards

-Certificates are transferable and redeemable in the same manner as tickets, and they additionally entitle the bearer to some kind of revenue paid through the blockchain.
Certificates can be used for bearer securities, such as securitized loans, mortgages, bonds, and dividend-paying stocks.

....the potential is huge, we do not believe we have fully mapped out all the possibilities it opens up !
Solaris33
Newbie
*
Offline Offline

Activity: 27


View Profile
May 17, 2015, 09:04:53 AM
 #1332

Good news. The deposit funds from the Cannacoin developer have been returned. The SolarCoin Foundation is diligently screening other developers for POSV conversion.
corather
Legendary
*
Offline Offline

Activity: 1484


Solarcoin.org


View Profile
May 17, 2015, 04:13:33 PM
 #1333

The Feathercoin developers are pretty straight forward. It's a great community. They might be a good bet on getting the ball really rolling on the SLR fork.

https://www.feathercoin.com/


freebird
Sr. Member
****
Offline Offline

Activity: 414

Freedom through Cryptocurrency!


View Profile
May 17, 2015, 08:22:14 PM
 #1334

All that extra work when you could just hit the ground running with Opal Colored Coins. If SLR decided to use Opal they may also get plenty of help from the Devs there. Since SLR would be the first to implement a large scale project there. This would be like a Counterparty type of setup.

It's risky to issue a token entirely within somebody else's blockchain, whether it be Opal, Counterparty, Ripple, or whatever else. The risk is that you're tying your coin to the company that runs that blockchain. If for whatever reason that company doesn't succeed, or has technical problems, or is involved in a legal scandal, or whatever, then your coin will be affected by that.

I guess you would have to weigh the costs, risks, and benefits of either approach. If you do end up deciding to issue your token on an external blockchain, I suggest Ripple because they have a trading platform that enables trading for fiat.

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
CryptoNick
Legendary
*
Offline Offline

Activity: 937


View Profile
May 17, 2015, 09:21:07 PM
 #1335

All that extra work when you could just hit the ground running with Opal Colored Coins. If SLR decided to use Opal they may also get plenty of help from the Devs there. Since SLR would be the first to implement a large scale project there. This would be like a Counterparty type of setup.

It's risky to issue a token entirely within somebody else's blockchain, whether it be Opal, Counterparty, Ripple, or whatever else. The risk is that you're tying your coin to the company that runs that blockchain. If for whatever reason that company doesn't succeed, or has technical problems, or is involved in a legal scandal, or whatever, then your coin will be affected by that.

I guess you would have to weigh the costs, risks, and benefits of either approach. If you do end up deciding to issue your token on an external blockchain, I suggest Ripple because they have a trading platform that enables trading for fiat.

Yeah it's risky all the way around, and that is the same reason why I am staying away from SLR. It is just another blockchain out there wanting my money in exchange for an already bought and paid for MWH. It doesn't make me want to buy Solar Panels to generate a claim since it has looming claims of 98 Billion which will reduce any PoS I can create to worthless pennies. Why would I invest in something that could be trounced on sell offs from claimers just selling out?
sunny-boy
Jr. Member
*
Offline Offline

Activity: 37


View Profile
May 19, 2015, 05:42:42 PM
 #1336

For those who want to use the SLR template : https://www.facebook.com/groups/solarcoin/
Solaris33
Newbie
*
Offline Offline

Activity: 27


View Profile
May 25, 2015, 02:49:48 PM
 #1337

Good News. The SolarCoin Foundation has contracted developers from Vericoin to transition from POW to POS and work has started. http://www.vericoin.info/
The VeriCoin team has successfully transitioned ARCHcoin to POS 2.0.
The VeriCoin team asked the SolarCoin Foundation to consider POS Time (POST) as a potential alternative to POSV.
POST was developed by the VeriCoin team. Below are the whitepaper links to POSV and POST and a summary of the key message of each. We would like to encourage community participation. Therefore, please review each whitepaper and reply with your thoughts.


POSV  https://www.reddcoin.com/papers/PoSV.pdf

 - PoSV is designed to encourage both ownership (Stake) and activity (Velocity), the two main criteria of being a social currency.
 - The form of the coin-aging function is of ultimate importance. It not only decides the growth rate of coin age as a resource over time via its first derivative, but also decides the utility function of stakeholders.
 - The main limitations of PoS, too much incentive for hoarding and too little incentive for staying online, result from the fact that the form of its coin-aging function is linear. The linear form leads to a constant coin age growth rate and a utility function that disobeys the law of diminishing returns.
 - Changing the form of coin-aging function has profound impact. For example, let’s assume coin-aging function in PoSV is an exponential decay function. The coin age growth rate gradually decreases with time. This exponential decay function dramatically changes stakeholders’ incentives. New coin accumulates coin age at much higher rate than stale ones. Stakeholders are also encouraged to stay online and contribute to verifying transactions on the PoSV network. The asymptotic limit of coin age due to exponential decay function provides extra security for the network. The maximum amount of coin age a stakeholder can earn now equals coin amount times twice the half-life. This significantly increases the difficulty for 51% attacks.
 - The coin-aging function can take on other forms. Linear and exponential decay functions are both monotonic. What about trigonometric functions which are non-monotonic and periodic? Non-monotonicity produces positive and negative growth rate of coin age at different points in time which along with periodicity translate into rewarding and penalizing holding with a seasonal pattern.  This can be used to fine-tune the seasonality in money velocity. The bottom line is that PoSV is designed to accommodate different forms of coin-aging functions in order to implement the necessary monetary policies.

 

POST http://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf

- POST substitutes a Stake-Time function for the coin aging function
- Stake time is a nonlinear proof function that defines a fraction of time active and idle, at a given block. Idle-time is defined as the fraction of age that no longer supports the distribution of consensus and instead begins to degrade it. This quantified idle-time is unique to each stake, as it decreases the probability to meet the proof and impacts the fraction of earnable matured interest via consensus.
- The fraction of accepted age (f) is equal to the squared cosine of the product of π and that transactions' consensus power (p), defined as the fraction coin-age (g) of the average network wide stake-time weight (n) over 60 blocks(1hour). If the consensus power (p) is greater than 0.45 all age is lost and the time-active fraction is equal to the minimum stake time(m) of 8 hours.  Consensus-power (p):  p=g / n   ;  Time-active fraction (f): f=cos^2 (πp) {if (p> .45),  f =m}          
 - As the contribution of coinage approaches a majority of the network weight, a greater fraction of age is deemed as idle time and is not accepted by the network. The resulting effect of this function is that it requires a network activity level that is proportional to the number of coins held and relative to the network strength. In this method, actively staking is incentivized to maximize both the likelihood to sign a block, and to earn all of the matured interest in reward. The Stake-Time function is used both in the proof and in the quantification of reward.          
- Stake-Time is defined as the product of the total coins(C) and the fraction (f) of acceptable age (a). S=C*(af)
- Like coin-age, the network accepted Stake-Time is a trust score for coins and depth on the main chain, but also for activity in the network. Unlike Proof-of-Work or Proof-of-Stake, the likelihood to participate in consensus can decrease over time.
- Maintaining a minimal idle-time inherently increases the probability to stake while reducing the probability of a successful attack. This results in a moving window that is exponentially more difficult to target for attack, enhancing security of the system from the core structure of a nonlinear consensus. The trust score diminishes with increased idle-time towards a minimum trust score which is equal to the number of coins.  


In addition, the link below is a comparison of POS vs POSV:
http://agroff.github.io/posv/

vipgelsi
Legendary
*
Offline Offline

Activity: 1302

Solarcoin.org


View Profile
May 25, 2015, 02:56:57 PM
 #1338

POST sounds better then POSV.  I will let more technical people weigh in. My main concern is to move on asap.

CryptoNick
Legendary
*
Offline Offline

Activity: 937


View Profile
May 25, 2015, 10:43:46 PM
 #1339

With 98 Billion outstanding coins it won't matter what the rates are since the price will always plummet until these coins are claimed, just secure the blockchain. POST should work fine.

Maybe you should reconsider the total amount of coins? Take the 33 Million already created and make that the cap. Then, if solar users want to claim coin they should buy it. This would show the utility of the coin. If you want to participate in a coin there must be a cost. Instead of just selling your claimed coin out perpetually. 98Billion in free claims to be sold out!

You could also make it so that anyone can claim through their solar panels and use the claim coin to POST with. This way they can not spend their claim coin, have it locked down so that all they can do is secure the blockchain and get paid interest for it. If you don't take this idea to Vericoin and have them implement a system to do this with, your coin will stagnate forever.

You have the base of SLR COIN created by POW. So now the market will dictate the claims. The claim can be written into the blockchain and create a POS structured weight from the coins inside that wallet. So if the Claimer has 25MWH of claims they now have a larger POST to work with and have an edge over the other 33Million coins. If the 25MWH claim buys 10,000 SLR they now Boost their Coin Weight on the network and incur a larger POST principle to secure on the network.

This is the only way to utilize the coin properly. You will always have people dumping coin if you don't. Creating a claim to base POST from will make it so that you also now have demand for your actual SLR COIN since claimers will need to buy to generate a worthwhile POST value. This also means you can have every solar claim that could ever possibly be made link to your coin. It gives you an effective 98Billion without deriding the network and the COIN price.

I think you will see the Light shining brightly on your Solar Panels with this idea now, and if you don't it just means you like trying to earn money from your solar panel at Night.

Actually this idea self perpetuates SLR now too. Watch what happens to the price when your Claimers can not sell their claims and must buy to earn POST. It is standard supply and demand.

Hope this idea helps restructure the coin into a success. I would also be interested in the coin if these ideas were taken into effect, until then any Band-aid in POST vs POSV won't help the coin prosper.
corather
Legendary
*
Offline Offline

Activity: 1484


Solarcoin.org


View Profile
May 26, 2015, 01:42:17 AM
 #1340

With 98 Billion outstanding coins it won't matter what the rates are since the price will always plummet until these coins are claimed, just secure the blockchain. POST should work fine.

Maybe you should reconsider the total amount of coins? Take the 33 Million already created and make that the cap. Then, if solar users want to claim coin they should buy it. This would show the utility of the coin. If you want to participate in a coin there must be a cost. Instead of just selling your claimed coin out perpetually. 98Billion in free claims to be sold out!

You could also make it so that anyone can claim through their solar panels and use the claim coin to POST with. This way they can not spend their claim coin, have it locked down so that all they can do is secure the blockchain and get paid interest for it. If you don't take this idea to Vericoin and have them implement a system to do this with, your coin will stagnate forever.

You have the base of SLR COIN created by POW. So now the market will dictate the claims. The claim can be written into the blockchain and create a POS structured weight from the coins inside that wallet. So if the Claimer has 25MWH of claims they now have a larger POST to work with and have an edge over the other 33Million coins. If the 25MWH claim buys 10,000 SLR they now Boost their Coin Weight on the network and incur a larger POST principle to secure on the network.

This is the only way to utilize the coin properly. You will always have people dumping coin if you don't. Creating a claim to base POST from will make it so that you also now have demand for your actual SLR COIN since claimers will need to buy to generate a worthwhile POST value. This also means you can have every solar claim that could ever possibly be made link to your coin. It gives you an effective 98Billion without deriding the network and the COIN price.

I think you will see the Light shining brightly on your Solar Panels with this idea now, and if you don't it just means you like trying to earn money from your solar panel at Night.

Actually this idea self perpetuates SLR now too. Watch what happens to the price when your Claimers can not sell their claims and must buy to earn POST. It is standard supply and demand.

Hope this idea helps restructure the coin into a success. I would also be interested in the coin if these ideas were taken into effect, until then any Band-aid in POST vs POSV won't help the coin prosper.

Released over a 40 year period I don't see a huge influx of delfation.

Pages: « 1 ... 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 [67] 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 ... 277 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!