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Author Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)  (Read 432611 times)
CryptoNick
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August 04, 2017, 11:51:02 AM
 #5141

hey it's great this project is still going, i think it's visionary and the time will come soon when solar power generation is distributed and private, rural communities and developing societies would benefit the most, maybe SLR can be used to incentivize those projects and help poor communities build their solar panel solutions. Probably already in the work of the project, but I was away for a long time..
good luck!

Well too much proof of work coin is out there for the price to move up for claimers. Either it rains claims on the buyers or it drowns the claim power out from the PoW coin.

Too bad there is no reason to buy SLR other than the one I gave earlier. PEG to the wholesale value of Power and then trade on that PEG. $120 a coin is better than a few pennies and waiting 40 years.

Perhaps if you can prove you are installing in a rural area you get a PEG Claim for the total cost of your panels. $25,000 in SLR at the PEG of $120 wholesale power for 1MWH is only 208 coins. What would be the harm of this? You get your generation Claim too. It could even go retroactive for all claims.

But SLR needs to open a Solar Market and I had suggested some of the Glut of older Tech be sold for Solar Coin and the manufacturer keeps the coin for the "rainy day" (leaky ceiling reference lol) and wait for the sun to dry up the river of claims. Perhaps they grant retail on older tech and there we have the regaining of energy and power back into SLR. Since this older tech may never sell and would only depreciate their market share it gives the Manufacturer extra SLR in return.

If SLR can PEG internally it will grow exponentially creating a buy on the market. People willing to accept internal trade for used goods like a Solarebay will propel it into the sunspot light. But just using the actual PEG at the manufacturer would create a buy on the market. People would flood in to buy SLR so they can get the actual Solar Panels for cheaper. So really it only comes down to the Glut and one smart Manufacturer willing to go out on a limb and accept 100% in SLR on all the stock piles of panels. I would think they have to actually be installed to go into effect and this is where an installer comes in and validates the transaction. Then that installer makes real money and would most likely have to take on workers at first until the market price hits $120. Then the rush would simmer down but guess what... The manufacturer took profit on the rise of the coin.

People willing to trade at $120 a coin might grow viral, just look at some things you may not really need that are lying around and put them out there for SLR. Since the deal was at $120 you take a huge loss write off but get to trade again for something you may want. I even suggested people can charge retail for their used product. A $1000 item that may only sell for $200 now like for instance a BitCoin miner. You can buy it with 8.3 SLR instead of 1428.57 SLR to equal $200. Then we gain back energy lost in a product simultaneously. And we put it into the SLR blockchain and marketcap. The actual granting of coin at the PEG also would be showing a true marketcap of the equipment out there too.

The whole problem stems from the fact that nobody needs to buy SLR to do anything with. There is nothing to buy with it. And if you do buy something that merchant has to just go and sell it to get their costs out. So instead of taking $200 from your wallet and buying the product you want, you would have to go online buy some SLR with your $200 and then possibly lose value due to someone dumping as you bought. Then that seller has to go and sell to the same market you bought from and if you had any coin left over it is now worth less due to the selling.

So now you can see  it would only take a large manufacturer to put it on the line and this coin would take off. The claims could RAIN down and people would turn their umbrella upside down to buy all that coin! This would then perpetuate the market. I really don't know why no manufacturer can see this as the ultimate gamble that would turn the world green.
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August 04, 2017, 03:37:51 PM
 #5142

SolarCoin Generator Pool Security
The SolarCoin Foundation has made securing the SolarCoin Generator Pool a top priority for 2017 to help give future and current SLR owners certainty about the source and amount of SolarCoin released into circulation.  After much research and debate, balancing security and simplicity, the SolarCoin Foundation proposes a time lock on the Generator Pool. The details are being finalized, but the approach would be similar to what Ripple has communicated: https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency

Some common wallet security practices for cryptocurrencies that the SolarCoin Foundation considered are:
-Cold Storage of wallets - Currently implemented for the generator pool and would continue to be operational for any wallets not time locked
-Very small amount of coin available for issuance at any one point in time (reduce risk by shrinking the size of the target) - Timelock of generator pool accomplishes this goal.
-Multi-signature authentication (m of n) from separate resources to access wallets - Currently implemented for the generator pool distributed internationally
-Proactive security of posting 100% collateral to access wallets - Decided against because of smart contract implementation complexity

The SolarCoin Foundation welcomes the community to comment on this important security requirement.

Implementation of these factors definitely seems to be important for the health of this coin long term. I'm especially excited by limited amount of coin available for issuance at any one point in time. This coin really seems to have a strong future ahead!
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August 05, 2017, 06:25:33 AM
 #5143

SolarCoin Generator Pool Security
The SolarCoin Foundation has made securing the SolarCoin Generator Pool a top priority for 2017 to help give future and current SLR owners certainty about the source and amount of SolarCoin released into circulation.  After much research and debate, balancing security and simplicity, the SolarCoin Foundation proposes a time lock on the Generator Pool. The details are being finalized, but the approach would be similar to what Ripple has communicated: https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency

Some common wallet security practices for cryptocurrencies that the SolarCoin Foundation considered are:
-Cold Storage of wallets - Currently implemented for the generator pool and would continue to be operational for any wallets not time locked
-Very small amount of coin available for issuance at any one point in time (reduce risk by shrinking the size of the target) - Timelock of generator pool accomplishes this goal.
-Multi-signature authentication (m of n) from separate resources to access wallets - Currently implemented for the generator pool distributed internationally
-Proactive security of posting 100% collateral to access wallets - Decided against because of smart contract implementation complexity

The SolarCoin Foundation welcomes the community to comment on this important security requirement.

Implementation of these factors definitely seems to be important for the health of this coin long term. I'm especially excited by limited amount of coin available for issuance at any one point in time. This coin really seems to have a strong future ahead!

That is just the security behind the Generator pool. There are always 98 Billion coin available for Claims and 500M for Development is also available at any time.
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August 05, 2017, 09:35:28 AM
 #5144

SolarCoin Generator Pool Security
The SolarCoin Foundation has made securing the SolarCoin Generator Pool a top priority for 2017 to help give future and current SLR owners certainty about the source and amount of SolarCoin released into circulation.  After much research and debate, balancing security and simplicity, the SolarCoin Foundation proposes a time lock on the Generator Pool. The details are being finalized, but the approach would be similar to what Ripple has communicated: https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency

Some common wallet security practices for cryptocurrencies that the SolarCoin Foundation considered are:
-Cold Storage of wallets - Currently implemented for the generator pool and would continue to be operational for any wallets not time locked
-Very small amount of coin available for issuance at any one point in time (reduce risk by shrinking the size of the target) - Timelock of generator pool accomplishes this goal.
-Multi-signature authentication (m of n) from separate resources to access wallets - Currently implemented for the generator pool distributed internationally
-Proactive security of posting 100% collateral to access wallets - Decided against because of smart contract implementation complexity

The SolarCoin Foundation welcomes the community to comment on this important security requirement.

Implementation of these factors definitely seems to be important for the health of this coin long term. I'm especially excited by limited amount of coin available for issuance at any one point in time. This coin really seems to have a strong future ahead!

That is just the security behind the Generator pool. There are always 98 Billion coin available for Claims and 500M for Development is also available at any time.

There are approx 97.5 Billion SolarCoin in there generator pool. With the time lock functionality implemented, they will NOT be available for claims at any time. Only a very small portion will be.
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August 05, 2017, 11:24:13 PM
 #5145

SolarCoin Generator Pool Security
The SolarCoin Foundation has made securing the SolarCoin Generator Pool a top priority for 2017 to help give future and current SLR owners certainty about the source and amount of SolarCoin released into circulation.  After much research and debate, balancing security and simplicity, the SolarCoin Foundation proposes a time lock on the Generator Pool. The details are being finalized, but the approach would be similar to what Ripple has communicated: https://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency

Some common wallet security practices for cryptocurrencies that the SolarCoin Foundation considered are:
-Cold Storage of wallets - Currently implemented for the generator pool and would continue to be operational for any wallets not time locked
-Very small amount of coin available for issuance at any one point in time (reduce risk by shrinking the size of the target) - Timelock of generator pool accomplishes this goal.
-Multi-signature authentication (m of n) from separate resources to access wallets - Currently implemented for the generator pool distributed internationally
-Proactive security of posting 100% collateral to access wallets - Decided against because of smart contract implementation complexity

The SolarCoin Foundation welcomes the community to comment on this important security requirement.

Implementation of these factors definitely seems to be important for the health of this coin long term. I'm especially excited by limited amount of coin available for issuance at any one point in time. This coin really seems to have a strong future ahead!

That is just the security behind the Generator pool. There are always 98 Billion coin available for Claims and 500M for Development is also available at any time.

There are approx 97.5 Billion SolarCoin in there generator pool. With the time lock functionality implemented, they will NOT be available for claims at any time. Only a very small portion will be.

I wrote that wrong, I meant the 500 million would be available at any time. Unless that is also time locked? I know 500 Million is only because the devs didn't know if the price would be more than 1 satoshi which at todays price of Bitcoin is only about $15K. How much of the 500M has been used so far?
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August 07, 2017, 04:32:33 PM
 #5146

thx for the cheap coins  Grin Shocked
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August 08, 2017, 10:11:04 PM
 #5147

thx for the cheap coins  Grin Shocked

HODDDDLLLL  Wink
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August 10, 2017, 10:38:59 AM
 #5148

https://github.com/bitcoin/bips/blob/master/bip-0065.mediawiki

This BIP describes a new opcode (OP_CHECKLOCKTIMEVERIFY) that allows a transaction output to be made unspendable until some point in the future.

Key element to timelock of SolarCoin generator pool.
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August 11, 2017, 12:37:13 PM
 #5149

914 members strong on the Solarcoin slack channel.

https://solarcoin.org/en/solarcoin-forum/

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August 14, 2017, 07:54:24 AM
 #5150

Is it possible to stake on a remote server such as linux VPS while securing our Solarcoins on a cold windows wallet?
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August 15, 2017, 03:03:09 PM
 #5151

Is it possible to stake on a remote server such as linux VPS while securing our Solarcoins on a cold windows wallet?

I would head over to the slack channel and ask this question.

https://solarcoin.org/en/solarcoin-forum/

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August 15, 2017, 04:20:48 PM
 #5152

Is it possible to stake on a remote server such as linux VPS while securing our Solarcoins on a cold windows wallet?

That would be revolutionary, to be able to store your real coins offline in a cold wallet and just stake an image of your wallet instead of the actual wallet.
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August 15, 2017, 09:51:02 PM
 #5153

Is it possible to stake on a remote server such as linux VPS while securing our Solarcoins on a cold windows wallet?

That would be revolutionary, to be able to store your real coins offline in a cold wallet and just stake an image of your wallet instead of the actual wallet.

NXT has something similar called transparent forging. This would be great for Solarcoin!
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August 16, 2017, 02:19:31 PM
 #5154

Not sure you guys have noticed but we do not need Poloniex anymore Bittrex/lykke are becoming monster exchanges.

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August 17, 2017, 04:58:54 PM
 #5155

Looks like an altcoin gully right now for most of the altcoin markets. But with more people buying bitcoin, then that means there is becoming a surplus of bitcoin with which to spend on altcoins again. So now seems to be a really good time to buy alt...especially SLR. Either buy or hodl !
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August 17, 2017, 08:30:15 PM
 #5156

Not sure you guys have noticed but we do not need Poloniex anymore Bittrex/lykke are becoming monster exchanges.

Yeah, in fact bittrex has overtaken poloniex in volume. Poloniex is shitting the bed with their support... On top of that their withdrawal limits suck. the more bitcoin rises the less BTC you can withdraw because the limits are calculated in $.


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August 18, 2017, 05:34:18 AM
 #5157

hey it's great this project is still going, i think it's visionary and the time will come soon when solar power generation is distributed and private, rural communities and developing societies would benefit the most, maybe SLR can be used to incentivize those projects and help poor communities build their solar panel solutions. Probably already in the work of the project, but I was away for a long time..
good luck!

Well too much proof of work coin is out there for the price to move up for claimers. Either it rains claims on the buyers or it drowns the claim power out from the PoW coin.

Too bad there is no reason to buy SLR other than the one I gave earlier. PEG to the wholesale value of Power and then trade on that PEG. $120 a coin is better than a few pennies and waiting 40 years.

Perhaps if you can prove you are installing in a rural area you get a PEG Claim for the total cost of your panels. $25,000 in SLR at the PEG of $120 wholesale power for 1MWH is only 208 coins. What would be the harm of this? You get your generation Claim too. It could even go retroactive for all claims.

But SLR needs to open a Solar Market and I had suggested some of the Glut of older Tech be sold for Solar Coin and the manufacturer keeps the coin for the "rainy day" (leaky ceiling reference lol) and wait for the sun to dry up the river of claims. Perhaps they grant retail on older tech and there we have the regaining of energy and power back into SLR. Since this older tech may never sell and would only depreciate their market share it gives the Manufacturer extra SLR in return.

If SLR can PEG internally it will grow exponentially creating a buy on the market. People willing to accept internal trade for used goods like a Solarebay will propel it into the sunspot light. But just using the actual PEG at the manufacturer would create a buy on the market. People would flood in to buy SLR so they can get the actual Solar Panels for cheaper. So really it only comes down to the Glut and one smart Manufacturer willing to go out on a limb and accept 100% in SLR on all the stock piles of panels. I would think they have to actually be installed to go into effect and this is where an installer comes in and validates the transaction. Then that installer makes real money and would most likely have to take on workers at first until the market price hits $120. Then the rush would simmer down but guess what... The manufacturer took profit on the rise of the coin.

People willing to trade at $120 a coin might grow viral, just look at some things you may not really need that are lying around and put them out there for SLR. Since the deal was at $120 you take a huge loss write off but get to trade again for something you may want. I even suggested people can charge retail for their used product. A $1000 item that may only sell for $200 now like for instance a BitCoin miner. You can buy it with 8.3 SLR instead of 1428.57 SLR to equal $200. Then we gain back energy lost in a product simultaneously. And we put it into the SLR blockchain and marketcap. The actual granting of coin at the PEG also would be showing a true marketcap of the equipment out there too.

The whole problem stems from the fact that nobody needs to buy SLR to do anything with. There is nothing to buy with it. And if you do buy something that merchant has to just go and sell it to get their costs out. So instead of taking $200 from your wallet and buying the product you want, you would have to go online buy some SLR with your $200 and then possibly lose value due to someone dumping as you bought. Then that seller has to go and sell to the same market you bought from and if you had any coin left over it is now worth less due to the selling.

So now you can see  it would only take a large manufacturer to put it on the line and this coin would take off. The claims could RAIN down and people would turn their umbrella upside down to buy all that coin! This would then perpetuate the market. I really don't know why no manufacturer can see this as the ultimate gamble that would turn the world green.

sorry I'm not sure i could follow on all the ideas but I think I might have had an epiphany with your help Smiley, sadly i don't have much time at the moment to think about but approximately it would be a market place to incentivise users and communities to purchase and install solar panels. We'd create a page, that connects the users to the manufacturers and allow them to purchase the solar panels and all that's relevant to green energy, and purchases that use SLR get a 10% or even more price reduction.
idea in points:

- create service as a market for green energy and solar panels. The customer can purchase from any manufacturer because of the way the service is designed, the manufacturer doesn't even need to take any action to be available on our market place. or maybe it does require the participation of the manufacturer/selling party not sure..
- customers can purchase through normal payment services or SLR(gets discount points). We provide a secure trusted handling, where the address etc of the customer and the payment is done directly to the selling party. maybe similar to ebay as you said.
- a goal would be to make it a globally known marketplace for this stuff, and being THE place people go to inform themselves and purchase etc. We should make it not only a market place but also a hub for information and statistics etc to help inform the people, it would be great i think if the SolarCoin Foundation gets involved.
- now in addition to this being probably a good business idea for the coming boom in this market, and it promoting SLR through its services, we can provide a clever way for incentive:
- customers can purchase whatever goods related like solar panels etc from the market and get discounts by the following means
- we enable SLR enthusiasts to invest in the purchases of solar panels, what they invest is used to help customers make a purchase thus getting the discounts
- for that, the customer (maybe through a smart contract provided by the site) can promise a percentage of the SLR they earn over all or a number of years to the investor(pool). Thus investors provide funding through payments or SLRs which the company/organization manages or makes trustless if possible, the customers can purchase panels for cheaper, keep all the energy they produce, but give a percentage back of the SLRs they earn later back to the investors.
- the organisation can also provide crowdfunding, thus helping out when the cash is running low, and with the earnings later through the SLRs they get back, commit to use them to invest in green energy and helping the world get healthier, building solar panels themselves and with the energy/value gained always keep reinvesting and improving..

if this sounds like a potential good idea i hope the community can help work on it and maybe work with the foundation to make it happen  Smiley

                                 
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August 18, 2017, 05:41:10 AM
 #5158

SolarCoin (SLR)

The only digital Proof of Work/Proof of Stake currency to date with a Solar Proof of Generation mechanism that grants SolarCoin to generators of clean renewable solar energy!


SolarCoin is an alternative digital currency with a built-in mechanism to incentivize the generation of global solar electricity. By simply mining until the PoW phase is complete and then staking SolarCoin holdings once 100% PoS is triggered while also exchanging SolarCoin (via real world use or trading on an exchange) just as you would any other digital currency, you are contributing to the development of clean renewable solar energy! Solar energy, unlike fossil fuels, does not place excess heat or carbon into the atmosphere. The creation of new renewable energy resources by SolarCoin results in a nearly carbon neutral mining footprint via the 100% Proof of Stake mechanism being created to secure the network.

§1 = 1 MWh is the key ingredient of the SolarCoin vision. In economics, this is called parity. It is the foundation of a global currency that can provide both economic utility (backed by electricity production as a commodity) and economic stability (electricity generation is tied very closely to GDP growth historically). The value of SolarCoin in the future will be directly related to the value placed on generating 1 MWh of solar electricity which has the same utility no matter where in the world it is produced. Please read the white paper written by the two co-founders for more detail on this economic aspect of the SolarCoin model.

SolarCoin will be a Proof of Stake based alternative digital currency. This hashing method is designed to secure and reward a community of holders who support the SolarCoin vision. But SolarCoin's true innovation comes from its secondary proof of work reward: the Solar Proof of Generation. Green solar energy producers are entitled to receive one SLR for every MWh of solar electricity they generate: §1 = 1 MWh. In order to claim a Solar Proof of Generation reward, solar installation owners must submit an application to The SolarCoin Foundation identifying the nameplate capacity of their system along with their geographic location. Using this information, a 15% formula is applied and SolarCoin is granted to the generator automatically every six months on the anniversary of their application. All Solar Proof of Generation rewards will be stored as transactions in the blockchain.

As an example, a 10 kW solar installation will earn §13.14 per year or approximately §1 per month, to be paid out automatically every six months. This is a temporary granting method until such time as the technology improves to the point that the grants can be made completely autonomous and fully decentralized, preferably through a decentralized contracting system. The goal and vision for SolarCoin in the future is to become a fully decentralized autonomous organization (DAO).

SolarCoin is currently managed as an open community project by volunteers working together as The SolarCoin Foundation. The Foundation is responsible for all distribution of SLR rewards for the Solar Proof of Generation and other grants (i.e. charities, bounties, etc..). As a fully transparent organization the Foundation will publicly document all of the SolarCoin transactions in their entirety via a public ledger and the SolarCoin blockchain.

The total supply of SolarCoin in circulation will be approximately §98.1 billion over the next 40 years. This is fully documented and is comprised of the following:

  • Public Staking and Mining: ~§100 million (0.1%) of which §34.15 Million are publicly mined using scrypt PoW until such time that the Proof of Stake algorithm is implemented. All publicly mined SolarCoins represent historically generated and unclaimed solar electricity. From block 357,520 forward, the only new supply of coins will come from claimants supplemented by the PoW phase at §1/Block that will be in place until the PoS algorithm comes online and thereafter new supply comes at a rate of 2% staking interest that will be built into the PoS model.
  • The Generator Pool: §97.5 billion (99.4%) are currently stored in a secure, non-circulating generator pool account. These will be exchanged for “proof of generation” claims of solar electricity producers submitted over the next 40 years at the rate of §1 per MWh of solar energy generated. As claims grow, these SolarCoins will be released and become part of the “coins in circulation” such that the growth in supply over the next 40 years should mimic the growth in solar electricity generation worldwide, assuming all generators claim their coins.
  • The Genesis Pool: §500 million (0.5%) are stored in the genesis pool account for environmental charities, early volunteers, advisers, builders and maintainers of SolarCoin infrastructure. Genesis pool circulation is capped so that it will never represent more than 5% of total SolarCoin in circulation at any given time.

The Foundation is currently organizing its initial charter and members; anyone can join and participate.



SPECIFICATIONS

  • Scrypt PoW §1/Block until PoS algorithm is implemented
  • 100% Proof of Stake with 2% staking interest (Launch block at 830,000)
  • §98.1 billion total coin supply over 40 years
  • §33.5 million coins in circulation (as of October 27, 2014)**
  • Starting on Block 310,000 the PoW block reward will go from §100 per block down to §1 per block and stay there until the 100% PoS algorithm is implemented
  • 1 Minute Block Targets
  • KGW Block Difficulty Adjustment in place until PoS kicks in
  • 140 Character Transaction Messaging
  • RPC PORT = 18188
  • P2P PORT = 18181

BLOCK EXPLORER

   SolarCoin Chainz Explorer


PoW MINING POOLS

   www.cryptopoolmining.com
   solarcoin.miningpoolhub.com

 
EXCHANGES
 
   Bittrex
   Allcrypt
   Solcrypto (auction style exchange for direct purchase with fiat currency)
   Cryptex
   Bleutrade


 
SOCIAL
 
    Twitter
    Facebook

CONTACT

    If you have questions or comments, please contact us directly through the following webform: Contact SolarCoin Foundation



**SolarCoin was released in January 2014. The original ANN thread can be viewed in its entirety here for those interested in digging into the full history and progression of the project.


 i can stand by this
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August 23, 2017, 03:50:39 PM
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Someone cleared the book, megapump inc in couple days

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August 23, 2017, 05:15:15 PM
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Volume today is at 800k usd

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