[ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)

[CryptoNick]

"The infrastructure and investment in BitCoin alone creates the worth.."

Don't you think infrastructure of people who have solar panels would do the same for SLR? Just because not all SLR were mined doesn't mean that people adding solar to their lives and claiming coins makes them worthless.. in fact, it creates a market the likes of which we have never seen before.

There WILL be an intrinsic value to this coin network even if the price never reaches the MC of a MWH as I have stated because people will know that the coin only came into existence by having someone lean on a more sustainable form of energy.

That itself creates value and it has nothing at all to do with buy support. This coin is as much about a mindset as it is about economics and I can see lots of value in it as it represents a shift in human thinking and sustainability.

Solar infrastructure is created to profit from already as worth for Utility. It serves its purpose. So great, you don't mind having no buy support so the price will not rise like you want it to. I never said there would be no intrinsic value just very low intrinsic value since there is no reason for people to buy it. Merchants need liquidity so why make your consumer buy a coin only to have to sell it to someone else buying in to get liquidity? You say everyone will use it internally? So you will sell your car to someone for SolarCoin? They get your car and then you need to rely on someone else to trade a cars worth of SolarCoin for something else? You will end up getting scammed out!

Yeah it doesn't have to reach any percentage to be used it will be worth what the demand is on the buy support. So when people ask will it ever reach the amount of 1MW per coin you can say definitively no.

Why not just concede and try to come up with a better way to make the coin work?

You want people to pay money to get in and maybe if they do they will feel that it is worth something they can trade for? Meanwhile no one really needs to buy to get in (they claim coin) so how will that make it worth something? Cyclical logic.

[1714165293]

1714165293

[1714165293]

1714165293

[1714165293]

1714165293

[y_virtual]

There is the value of the incentive alone:
http://www.sciencealert.com/switching-to-100-renewables-by-2050-would-save-major-economies-500-billion

[CryptoNick]

There is the value of the incentive alone:
http://www.sciencealert.com/switching-to-100-renewables-by-2050-would-save-major-economies-500-billion

Yeah economies can save money by using renewables. So they should spend that extra money they save on buying a coin now. Sun Blind.

[vipgelsi]

Any idea on next block halving? In case POS is delayed more.

[mattwj44]

Ok Nick I'll play your game... tell me how you would work with power and solar companies (or other parties) to rebuild a coin that would work better?

I ask constructively and in all seriousness as we do need to consider all sides when trying to build something like this from the ground up since it is such a new technology.

 

[barabbas]

Ok Nick I'll play your game... tell me how you would work with power and solar companies (or other parties) to rebuild a coin that would work better?

I ask constructively and in all seriousness as we do need to consider all sides when trying to build something like this from the ground up since it is such a new technology.

 

This is simply not true. Neither you nor much less others currently in control of this coin, are open to anything. You guys "know better" you know?

Not for no reasons SLR, which should be the more open, evolving and vanguardist of all cryptos, is in fact a monument to obsoletism, an insignificant dyno of crypto, so to speak.

[mattwj44]

Ok Nick I'll play your game... tell me how you would work with power and solar companies (or other parties) to rebuild a coin that would work better?

I ask constructively and in all seriousness as we do need to consider all sides when trying to build something like this from the ground up since it is such a new technology.

 

This is simply not true. Neither you nor much less others currently in control of this coin, are open to anything. You guys "know better" you know?

Not for no reasons SLR, which should be the more open, evolving and vanguardist of all cryptos, is in fact a monument to obsoletism, an insignificant dyno of crypto, so to speak.

LOL ok you must know it all

[nickgogerty]

Hello,

I can't add much to this debate relative to what has already been said. I am reaching out to our developers and website affiliate asking them to post in this forum with their own opinions, positive negative etc. Some of our developers have asked for anonymity which we accept.

I will speak for myself in saying I believe SolarCoin is a very interesting project. It has high optionality, meaning for a fairly small upfront cost, a large collective project can be launched.  The project is 100% voluntary and welcomes criticism, encouragement and support. 

Like many long-term ambitious projects, there is no guarantee of success. We welcome the thoughts concerns and ideas that may help make SolarCoin work better. It is inevitable that over the coming years there will be differences of opinion about many things. My hope is that those differences, ideas, enthusiasm and energy create a net contribution directly or indirectly to the production of more solar energy globally.

best,

Nick Gogerty

[vipgelsi]

Thank you for chiming in. Wondering is there any new eta on POSV? And what will the interest rate be?

[CryptoNick]

Ok Nick I'll play your game... tell me how you would work with power and solar companies (or other parties) to rebuild a coin that would work better?

I ask constructively and in all seriousness as we do need to consider all sides when trying to build something like this from the ground up since it is such a new technology.

 

I am working out some ideas, but yeah all I am saying is that if you want a better coin then these aspects have to be addressed. This is not limited to SLR, all Crypto is subject to the problems I am outlining. If SLR gets the gist of it and adopts a better strategy they will be on the leading edge and will be taken seriously by all Crypto enthusiasts and eventually mainstream. Because we will have made it so there is no reason to leave the economy at that point and if we can protect the buyers and merchants it will be like a self perpetuating truth.

Think about the transactions, take CANN as an example. People use their BitCoin to buy CANN coin. Then they buy Medical Cannabis through Merchants. You would think that this is a successful usage and that CANN has created a perfect symbiotic economy. Since everyone will be buying in, (high demand for med marijuana) so selling is leveled out. But what happens is now BitCoin takes the brunt of these devaluations for the Merchant to leave to gain FIAT. BitCoin can not sustain its worth when Merchants must pay for their Hydroponic Electric Bills. They have to cash out to FIAT and this FIAT leaves the economy through BitCoin. Then it cycles again and again. But there may be great Demand for CANN though so it would seem that people need to keep buying BitCoin and it will sustain yet anyone can walk up to that same CANN merchant and pay with FIAT. So in reality all of the Profit is taken each time and the coins are just transitioned through as a wash but a profit for the Merchant always. If the Merchants didn't have to go back to FIAT BitCoin would raise in price with people buying in constantly to get CANN and buy from the Merchants. This would grow the profits internally and holding the coin would make it worth much more. The mere fact that the coin leaves to BitCoin then to FIAT makes it worth less. If the Merchants did not take FIAT then they sustain the coin and create an internal economy. You can see how everyone is just trying to make profits since the Merchants can not afford to lose money or they go out of business and then there is no one to even accept the Coin in exchange for a product.

Now you can see one of the reasons a CANN grower merchant leaves to FIAT is Power, coincidentally SLR deals with Power and represents its production but doesn't back it in real money.

It is obvious people take profit on the coins too, so now you have to fight off profit takers just going to FIAT constantly devaluing your coin while you are just trying to substantiate it and not burden the costs alone by your own products needing Liquidity. Soon as a coin would gain any momentum BAM it would get hit by profit takers.

Again you can't control this since the price of admission in BitCoin is the cost of solidity. Why there is Demand for BitCoin is also based on the costs of the infrastructure but if no more money were poured into the race to find BitCoin and the price drops enough to make companies turn off their ASIC's then it sustains that given price to find blocks and the Difficulty would go way down. It only goes up since everyone is competing. If no one bought BitCoin and just allowed some group to find the rest and then didn't pay more than $10 per coin down from $240 you would see this as a reality and in essence would now sustain a lower economy but with more liquidity. Until it can not sustain it anymore since we are all agreeing that the entry point is the worth and it will edge down always as profits are derived. Until it no longer needs to go to FIAT of course. Once the spigot is shut off suddenly it may become worth $3000-$10,000 a coin. People could feasibly use it to pay for service based trade, but you would have one person who could barely get worth from it since they would hold a majority of coin and not be able to trade their coin for anything else since they are the servicer in the trade based service economy. I know, it is a mind bender...

SLR is already created so no demand or race so to speak, I think I have a way to create demand. Still working on it though, and a restructure would be needed. Although when mattwj44 mentioned the PoW coin earlier as being part of the problem it sparked some ideas for me.  I had felt the same way initially but couldn't put my finger on a solution until it was re-addressed by mattwj44 a few days ago.

[vipgelsi]

Very good post crypto!

[CryptoNick]

Very good post crypto!

Thanks! Yeah the difficult part I am finding may be Antitrust laws. But where stock issuance occurs we may denote the coin as stock and output as dividend. Once ROI is met then the power production is Free to the community and I want to make a mechanism so if eroded by profit takers it is more expensive to get back in. So those who are selling out a position are doing so only for liquidity since they will never profit twice, this would be your true Market Cap.

[mattwj44]

Very good post crypto!

those who are selling out a position are doing so only for liquidity since they will never profit twice, this would be your true Market Cap.

+1

This would greatly increase price stability for sure

[CryptoNick]

Very good post crypto!

those who are selling out a position are doing so only for liquidity since they will never profit twice, this would be your true Market Cap.

+1

This would greatly increase price stability for sure

Yes, we want the coin to be used not abused. It is very difficult since the power is being paid for already. Since it is backwards I am backwards engineering a solution. I really think the key is a Solar Farm to burn the coin it buys. I don't want to corner myself with this line of thinking so I will keep working away from this idea and see how well it will hold up.

[vipgelsi]

Right now this coin needs a pump look at crave crypto coin its up huge the last few days. A pump like this with solarcoin and it would bring huge attention to it and more claiments etc.

If only people would put there money where there mouth is.

And no i will not be selling a single coin so there is no agenda here.

[nickgogerty]

French version of SolarCoin website now up.  http://solarcoin.org/fr/wallet-fr/  Thanks to our European affiliates for this.

[vipgelsi]

French version of SolarCoin website now up.  http://solarcoin.org/fr/wallet-fr/  Thanks to our European affiliates for this.

Very Cool! Nice refresh on the website also.

[nickgogerty]

French version of SolarCoin website now up.  http://solarcoin.org/fr/wallet-fr/  Thanks to our European affiliates for this.

Very Cool! Nice refresh on the website also.

for those interested in how POSV works. here is a good primer with a simulator.http://cannacoin.cc/posv/ 

We are currently working on a 2% interest rate. with a 33.6m base of coins. that would work out to an effective creation of SLR 0.672 million/ yearly.  There are an estimated 130-170m SLR equivalent of solar energy produced yearly. We believe the 2% rate is low enough that it won't "over - represent" the global production rate.

We may also look at a future version of POSV which only rewards elapsed staking. This would effectively reward stakers on an ongoing basis but significantly decrease the true aggregate monetary inflation.  Example if all wallets only stake the equivalent of 10% of the time for a year we would have an effective inflation rate of 0.2%.  This is interesting as we could increase the staker reward to 8% for individual participants, but still have minimal aggregate increases coins staked. There is of course likely a non-linear relationship between reward and % staked such that at high rates, the staking would climb such that individuals staking would make the individual interest rate approach the aggregate monetary inflation rate.  Anyone who has research on this with other coins, please come foward.  an 8% individual rate with 0.8% monetary inflation is an interesting proposition, but needs to be studied.

another alternative to minimize aggregate inflation impacts and stick to the 1MWh= § 1 SLR would be to "Tax" large >1MW farms.  Example @10% tax would mean the foundation would issue 90% of the coins relative to the claim. The tax by reducing the parity would effectively help maintain the MWh/SLR parity while making the SLR distribution more equitable.  This may seem arbitrary with the currency mined monetary base, but become an issue with larger claims etc. going forward.

As always thoughts from the community are welcome on this and other matters.

[vipgelsi]

Any eta on POSV?

[y_virtual]

FYI: https://www.cryptocoinsnews.com/breaking-paypal-merchants-can-now-accept-bitcoin/