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Author Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)  (Read 432638 times)
CryptoNick
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June 07, 2015, 09:23:01 PM
 #1361

Why SolarCoin a such an artificial capitalisation.
The developers have created a giant premine and now we see a complete lack of interest from buyers.
http://coinmarketcap.com/currencies/views/filter-non-mineable/



Or there are other reasons?  Cool

They are taking the full 98 Billion into account for that Market Cap, there are only 33 Million coins that were Mined through PoW these seem to not be distributed properly. Most miners may have gone away from SLR during PoW like I did seeing a 98 Billion Coin Pre-Mine structure in front of them. This reduces the profit for mining so I never even pointed my Rigs at SLR since I figured it will get trounced by Claims. So a few miners must have raked in the coin.

I am proposing a new structure to benefit the coin. If it is adopted this coin will become a PowerHouse. It will be the first of its kind by using the 98Billion minus the 33 Million PoW, Claims that would normally be handed out over 40 years and written into the Blockchain and instead these will show inside your wallet as Staked Claims Perpetually Locked down but representing your Solar Panel output in MWH at 1 SLR per MWH. The amount of your Claim will produce a better payout when combined with the coin you buy and put in your wallet during Proof Of Stake. The Proof Of Stake is being changed to Vericoin's model of POSt which includes Time of Staking online. This factor could see the Claim coin and use that in its computations to allow these wallets to participate in Network FEE reward during staking. If you don't have a Claim you don't get the added FEE reward while staking. The size of your Claim would also create your weight but also the amount of Coin in your wallet would offset also. These Staked Claims can also produce better PoS over a wallet that doesn't have a Staked Claim in it.

This is a revolutionary idea that I created to better this coin. It causes a stop in the Open Claim structure but rolls those claims into a Security Measure for every wallet that Claims must Stake their Claimed Coin perpetually even if they don't have any money in the wallet. The entrys are written into the blockchain and become property that shows an internal market cap of value representing the MegaWatt output of the Network. The way it is currently represented it makes the coins seem like Flight Miles. The way I want to represent the Claims are as if they are powering an ASIC inside your wallet during Proof Of Stake. Then it makes the coin worth more being that there is only 33 Million instead of 98 Billion and if my idea is implemented, now people will want to buy the coin when they claim since they will get better payouts on Proof Of Stake.

I tailor made this solution for Solar Coin and it really is about the only coin that could utilize this structure. You could do it with other things but Solar is Power and we don't want to use power just to secure the blockchain. So the representation will do it for us in Math and utilizing the Blockchain to its fullest potential now instead of 40 years from now and still require people to Stake who may just not want to participate since the price will only decline or stagnate.
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June 10, 2015, 10:22:23 AM
 #1362

If people want to develop the PoS software they can bid for it. That's the only fair way of getting the job done.

Lowest bid wins.

Why use PoSv? Why not use Ethereum or Eris?
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June 10, 2015, 10:24:31 AM
 #1363

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.

Just use a vesting period.
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June 10, 2015, 10:28:16 AM
 #1364

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

Are you sure you weren't scammed? I don't see much advantage going with PoSv. Ethereum launches soon, as will Sidechains for Bitcoin. Eris exists now and is in testing: https://erisindustries.com/

What advantage does PoSv have? It's hard to update it because it's hard coded most likely in C++ so what benefit do you have if you'll have to update it in a few years anyway?

Using Eris you can make your entire foundation a decentralized organization or DCO. You could also automate certain aspects with smart contracts which in the long term will make the process run more smoothly.
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June 10, 2015, 02:32:09 PM
 #1365

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

Are you sure you weren't scammed? I don't see much advantage going with PoSv. Ethereum launches soon, as will Sidechains for Bitcoin. Eris exists now and is in testing: https://erisindustries.com/

What advantage does PoSv have? It's hard to update it because it's hard coded most likely in C++ so what benefit do you have if you'll have to update it in a few years anyway?

Using Eris you can make your entire foundation a decentralized organization or DCO. You could also automate certain aspects with smart contracts which in the long term will make the process run more smoothly.


Development has been handed over to Vericoin. Both posv and post are being considered.

Etherium like technologies are also being considered for future development. The thread has this history.

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June 10, 2015, 07:45:25 PM
 #1366

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

Are you sure you weren't scammed? I don't see much advantage going with PoSv. Ethereum launches soon, as will Sidechains for Bitcoin. Eris exists now and is in testing: https://erisindustries.com/

What advantage does PoSv have? It's hard to update it because it's hard coded most likely in C++ so what benefit do you have if you'll have to update it in a few years anyway?

Using Eris you can make your entire foundation a decentralized organization or DCO. You could also automate certain aspects with smart contracts which in the long term will make the process run more smoothly.


Development has been handed over to Vericoin. Both posv and post are being considered.

Etherium like technologies are also being considered for future development. The thread has this history.



Good. I think Eris is probably best for a project like this because you can easily build it into a DCO and put the unclaimed coins into a pool controlled by a robot in decentralized space using a smart contract.


Eris is the most flexible and allows the Solarcoin Foundation to remain an independent entity. It's probably also the cheapest to upgrade and configure so you wont have to keep paying lots of money to C++ developers. The community will eventually be able to write smart contracts.

Hopefully PoSt is just used to transition the community to PoS and away from PoW. The next transition could be to Eris and to make the Solarcoin foundation into a DCO. Solarcoin is a great idea with a great future but it's still relying on a bit too much trust at the moment in it's design.

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June 10, 2015, 08:51:58 PM
 #1367

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

Are you sure you weren't scammed? I don't see much advantage going with PoSv. Ethereum launches soon, as will Sidechains for Bitcoin. Eris exists now and is in testing: https://erisindustries.com/

What advantage does PoSv have? It's hard to update it because it's hard coded most likely in C++ so what benefit do you have if you'll have to update it in a few years anyway?

Using Eris you can make your entire foundation a decentralized organization or DCO. You could also automate certain aspects with smart contracts which in the long term will make the process run more smoothly.


Development has been handed over to Vericoin. Both posv and post are being considered.

Etherium like technologies are also being considered for future development. The thread has this history.



Good. I think Eris is probably best for a project like this because you can easily build it into a DCO and put the unclaimed coins into a pool controlled by a robot in decentralized space using a smart contract.


Eris is the most flexible and allows the Solarcoin Foundation to remain an independent entity. It's probably also the cheapest to upgrade and configure so you wont have to keep paying lots of money to C++ developers. The community will eventually be able to write smart contracts.

Hopefully PoSt is just used to transition the community to PoS and away from PoW. The next transition could be to Eris and to make the Solarcoin foundation into a DCO. Solarcoin is a great idea with a great future but it's still relying on a bit too much trust at the moment in it's design.



"but it's still relying on a bit too much trust at the moment in it's design." Yeah to the tune of 98Billion Coins! This was why I didn't mine SLR and I trust no one. It is the best policy.

In any event even with smart contracts there still has to be some manual oversight, a smart contract can't see if you really own solar panels. You can't just allow people to say I own X amount of Solar Panels now give me some coin. This is a problem, and I came up with the solution being a decent advantage to CLAIMS and use those CLAIMS to secure the blockchain. So if people want to lie it only grants them a small portion and then if there is a committee that oversees these who could redact any false CLAIMS, all the better. But using my idea would not ruin the coinbase as it would with any other type of Fraud be it perpetrated by the Devs or perpetrated by CLAIMERS.

The DCO idea would not be needed if my idea is implemented. SLR would already be Decentralized and the Claims could be handled differently if needed. But they would only equal coin if coin is bought. So if everyone lied in this case the playing field would be even but only those who buy more coin would get a better residual payout. So their Claim Crime would not pay off as well since they still have to buy coin and that substantiates the market as they try to plunder coin. So their thievery would be a time based value to the coin and would still represent claims that are not allocated but open to real owners of Solar Panels.

The funny part of it is that I suggest we implement a reward system based on the FEES of the coin for the CLAIMERS plus a better STAKE reward. So if people don't use the coin then FEES do not accrue. The STAKE percentage is always there as an inflationary measure to protect the blockchain through STAKING. So it is built in and even if people try to take advantage of it by getting a fraction more percent from CLAIMING it is a way better scenario than just dumping CLAIM coin into the market.

And, all it would take is a group filing false claims to prove the model is bogus. This would ruin the coin since it could be taken advantage of and to the extent of 98Billion coins.

I can't spell it out any clearer. The coin value will skyrocket and if you find a better way to Claim it only makes it more stable within that percentage who gain Network FEES by CLAIMING. This is all basic math from here on out. All claim coin would be in Perpetual STAKE to secure the blockchain! If people take time to Claim they will need to buy coin and this creates the Buy incentive as it speculates up to $90 per coin. At that point you will be thanking me if the Devs change the structure.

So instead of automating smart contracts for the next 40 years up to 98Billion, SLR grants claims and they become more valuable if the price goes up. If it doesn't then you may just be where you left off. And at that point you could just release the coin from perpetual stake with a new wallet if it was such a bad idea to only have 33Million coin instead of 98Billion.

Find out how much it would cost to rework the coin from VeriCoin and the community can then donate using a trusted escrow agent.
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June 15, 2015, 02:06:40 PM
 #1368

Dear All,

Had a couple of good meetings with some solar manufacturers this past week at the InterSolar in Munich, Germany http://www.intersolar.de/en/home.html

These companies could eventually be accepting SLR for payment for their products. Datalogger companies are interested in monitoring the amount of SLR produced from household installations.

Specialised solar Magazines are still dubious of the BitCoin Business Model (?) but are now aware of the existence of SLR...

Keep in mind : 6.000.000 households already have solar panels on their roof across the world : This is our target market.

Regs,

SunnyBoy

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June 15, 2015, 02:59:28 PM
 #1369

Dear All,

Had a couple of good meetings with some solar manufacturers this past week at the InterSolar in Munich, Germany http://www.intersolar.de/en/home.html

These companies could eventually be accepting SLR for payment for their products. Datalogger companies are interested in monitoring the amount of SLR produced from household installations.

Specialised solar Magazines are still dubious of the BitCoin Business Model (?) but are now aware of the existence of SLR...

Keep in mind : 6.000.000 households already have solar panels on their roof across the world : This is our target market.

Regs,

SunnyBoy



Thank you, man!
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June 16, 2015, 02:36:05 AM
 #1370

Dear All,

Had a couple of good meetings with some solar manufacturers this past week at the InterSolar in Munich, Germany http://www.intersolar.de/en/home.html

These companies could eventually be accepting SLR for payment for their products. Datalogger companies are interested in monitoring the amount of SLR produced from household installations.

Specialised solar Magazines are still dubious of the BitCoin Business Model (?) but are now aware of the existence of SLR...

Keep in mind : 6.000.000 households already have solar panels on their roof across the world : This is our target market.

Regs,

SunnyBoy



That's fantastic news!

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June 18, 2015, 06:13:06 PM
 #1371

Dear All,

Had a couple of good meetings with some solar manufacturers this past week at the InterSolar in Munich, Germany http://www.intersolar.de/en/home.html

These companies could eventually be accepting SLR for payment for their products. Datalogger companies are interested in monitoring the amount of SLR produced from household installations.

Specialised solar Magazines are still dubious of the BitCoin Business Model (?) but are now aware of the existence of SLR...

Keep in mind : 6.000.000 households already have solar panels on their roof across the world : This is our target market.

Regs,

SunnyBoy



Thank you, man!

Nice.

 There is actually a lot going on under the hood right now, with multiple work streams at work and trying to put together sequencing.  2 websites, mobile app under dev and release few weeks/months post POST release. Also early Mark-Com strategy planning underway.  the goal is to make it easier for generators to learn about solarcoin and to file a claim.  3-4 page white paper on currency value emerging as a network outcome is also under way.

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.
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June 18, 2015, 07:54:05 PM
 #1372

Dear All,

Had a couple of good meetings with some solar manufacturers this past week at the InterSolar in Munich, Germany http://www.intersolar.de/en/home.html

These companies could eventually be accepting SLR for payment for their products. Datalogger companies are interested in monitoring the amount of SLR produced from household installations.

Specialised solar Magazines are still dubious of the BitCoin Business Model (?) but are now aware of the existence of SLR...

Keep in mind : 6.000.000 households already have solar panels on their roof across the world : This is our target market.

Regs,

SunnyBoy



Great news, bright future Smiley
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June 19, 2015, 12:30:28 AM
 #1373

How did this coin get so popular in Bangladesh? Were some efforts made there, local word-of-mouth-anomoly, or poor country with lots of sun so they're claiming coins from actual solar panels?

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June 19, 2015, 03:27:34 AM
 #1374

Because its a great idea.

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June 20, 2015, 04:13:54 AM
 #1375

Wow .07 cents for a second lol

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June 20, 2015, 05:41:15 AM
 #1376

This is going to be mega pump :-).  Only 2btc to x10 price
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June 20, 2015, 05:58:25 AM
 #1377

Your turn, guys  Wink
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June 20, 2015, 07:45:12 AM
 #1378

Congrats SolarCoin community on the big price move. Smiley

I didn't see a news release from the team. Does anyone know what triggered the sudden huge volume and price spike?

Grantcoin: Currency with a Conscience. Distributed as charitable grants by a 501(c)(3) tax-exempt nonprofit organization. Learn more at Grantcoin.org
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June 20, 2015, 08:16:12 AM
 #1379

Thank you for the pump ^^
good enviroment for trading bots..

price amount sum
06/20/2015 03:25:56 Limit Buy 0.00003166 17.37207833 -0.00055136
06/20/2015 06:15:30 Limit Sell 0.00011466 3303.94305107 0.37788304
06/20/2015 06:59:16 Limit Buy 0.00005250 2045.90496161   -0.10767853
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June 20, 2015, 11:14:54 AM
 #1380

Congrats SolarCoin community on the big price move. Smiley

I didn't see a news release from the team. Does anyone know what triggered the sudden huge volume and price spike?

While the price is still low, the trend is clear. Phase 1 is not finished yet...
Besides, the best way to predict the future is to invent it, remember that?  Wink
That's what WE have been doing all along, together...
Also, THANK YOU to whoever let us  Wink


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