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

[y_virtual]

I love how I covered all my shorts just in time.
Buckle up your seatlbelts because it looks like solarcoin is getting pumped. To the sun  

BitCoin prices fell so no real pump that I can see. Price is about the same compared to BitCoin. That wall will get gobbled up easy if BitCoin prices drop to $380. When the price of BitCoin goes up selling occurs when it goes down buying happens. A pendulum effect.

can you still not see the pump? Bitcoin is rising and so is solarcoin this pump has been going of for like two weeks now and im starting to like where it's headed

More than 3 weeks, more than 600K SLR "taken out"... now actively staking. Cheers  

Haha good job! I knew it was you haha who pumped. I assume you bought back with the bitcoins I gave you when we traded slr for 0.00003580  

Now remove the rest of your sell orders and we will start to see some proper movement upwards  

 

Sell orders is what I haven't had or put for quite some time now...

[CryptoNick]

I love how I covered all my shorts just in time.
Buckle up your seatlbelts because it looks like solarcoin is getting pumped. To the sun 

BitCoin prices fell so no real pump that I can see. Price is about the same compared to BitCoin. That wall will get gobbled up easy if BitCoin prices drop to $380. When the price of BitCoin goes up selling occurs when it goes down buying happens. A pendulum effect.

can you still not see the pump? Bitcoin is rising and so is solarcoin this pump has been going of for like two weeks now and im starting to like where it's headed

Yeah anyone holding a ton of SolarCoin can pump the price up so I would be very careful...

[Alao]

I love how I covered all my shorts just in time.
Buckle up your seatlbelts because it looks like solarcoin is getting pumped. To the sun 

BitCoin prices fell so no real pump that I can see. Price is about the same compared to BitCoin. That wall will get gobbled up easy if BitCoin prices drop to $380. When the price of BitCoin goes up selling occurs when it goes down buying happens. A pendulum effect.

can you still not see the pump? Bitcoin is rising and so is solarcoin this pump has been going of for like two weeks now and im starting to like where it's headed

Yeah anyone holding a ton of SolarCoin can pump the price up so I would be very careful...

You would also need a Ton of BitCoin to prevent a big dump.

[Nick70001]

Merry Christmas everyone.
Hope the holidays go well and we see more good progress for 2016 in Solarcoin. It has been fun to watch so far.

[solarcoiner]

I love how I covered all my shorts just in time.
Buckle up your seatlbelts because it looks like solarcoin is getting pumped. To the sun 

BitCoin prices fell so no real pump that I can see. Price is about the same compared to BitCoin. That wall will get gobbled up easy if BitCoin prices drop to $380. When the price of BitCoin goes up selling occurs when it goes down buying happens. A pendulum effect.

can you still not see the pump? Bitcoin is rising and so is solarcoin this pump has been going of for like two weeks now and im starting to like where it's headed

Yeah anyone holding a ton of SolarCoin can pump the price up so I would be very careful...

Yeah obviously. But it's still nice to see some movement

[daniobg]

At the moment ~ 7000$ buy investment in the coin will send us to the moon literally - we will get to the top 10 at coinmarketcap and from there more people interested in the coin and the idea behind it = more people will buy for sure, and if those of us (~300 people) which have big amounts of the coin are not greedy enough to dump them, but instead sell some buy some to make the price stable and if all of that happens in 2016 when the bitcoin block reward will go from 25 Bitcoins per block to 12.5 Bitcoins per block...well gentleman, I think the next step will be - from the moon to the SUN. Happy holidays everyone

[vipgelsi]

Buy Stake and Repeat. 

[y_virtual]

http://www.ibtimes.co.uk/bitcoin-giant-btcc-donates-100-full-nodes-help-maintain-network-1534926

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

[corather]

http://www.ibtimes.co.uk/bitcoin-giant-btcc-donates-100-full-nodes-help-maintain-network-1534926

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

SLR has to be earned. Over the long run we'll see more people supporting the chain.

[corather]

Hmm, only 197k SLR available on Bittrex.

[y_virtual]

http://www.ibtimes.co.uk/bitcoin-giant-btcc-donates-100-full-nodes-help-maintain-network-1534926

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

SLR has to be earned. Over the long run we'll see more people supporting the chain.

Yes!
Prospect claimants' attention has to be earned, too. That's our job right now.

[mattwj44]

I love whales in real life, but we need to kill them all in the SLR world because there are still WAY too many (and they are WAY too big)... until that happens don't expect myself or any other investor to put much time, money, ect into this since the price is 100% controlled by less than 50 people at this point.


This scares a lot of people off who would otherwise be here had this been a fairly distributed coin from day 1.

[vipgelsi]

The coin launch was fair. Did you want them to also buy you a mining rig?

[daniobg]

the price is 100% controlled by less than 50 people at this point.

Well what about Bitcoin? Satoshi has 1 000 000 of them and many of the other early adopters have enough to make a big drop and play with the market and it is happening right NOW if you pay attention on the Coinmarketcap and the bitcoin market is HUGE comparing to ours.
Solarcoins had a fair launch at the beginning so I don't see the problem here. The beauty of the solarcoins is that they must be CLAIMED and the total solarcoins that people like me and others have around the world at the moment is less than 1% of the total amount of coins that will ever exist. In every coin there are big whales, but here if the IDEA of the coin and the POS system works exactly like it is supposed to be, I don't think someone will be that stupid to sell off just like that, because he can easily make money only from STAKING. Lets say that at some point the price of 1 Solarcoin go over 10$ - a person with a fair amount of coins can make 50$ or more a day and every other day just by staking his coins and do nothing. Even then if someone of those 50 people that you mentioned decides to sell out and make a big buck, he will probably sell ~0.1% of the total number of the coins that will ever exist, so even then, he WONT make a big difference since by that time, many new people will be interested in the coins and the market will expand, just like the bitcoin one did. Speculations will always be a part of our market or even ANY market in the world - it is just how it is and no one can change it.
SO my advice is - BUY THEM WHILE THEY ARE CHEAP

[vipgelsi]

Well said! Daniobg

[mattwj44]

Well said! Daniobg

Agreed however potential volatility is still too high here, & even though people can claim it will still take a LONG TIME for coin distribution to even out among the public ... the average claimant will get like 5 SLR/yr max, they wont be catching up to even a 5k wallet in their lifetimes, so we know it will take a HUGE amount of claimants to wash out (and add real energy-based value) to all these mined coins since we see many wallets that number well over 100k SLR


BTC is a good parallel, but it is a billion dollar market we don't have so it can correct those issues.. we are trying to get people to see SLR as legitimate first & IMO so long as you have such huge whales there will be issues with people taking this coin seriously from an investment perspective since all it takes is literally ONE person to wake up and hit a sell button to crash the market dramatically..

Even if you could stake, the temptations if an instant pay-day are too great for some 

[CryptoNick]

Well said! Daniobg

Agreed however potential volatility is still too high here, & even though people can claim it will still take a LONG TIME for coin distribution to even out among the public ... the average claimant will get like 5 SLR/yr max, they wont be catching up to even a 5k wallet in their lifetimes, so we know it will take a HUGE amount of claimants to wash out (and add real energy-based value) to all these mined coins since we see many wallets that number well over 100k SLR


BTC is a good parallel, but it is a billion dollar market we don't have so it can correct those issues.. we are trying to get people to see SLR as legitimate first & IMO so long as you have such huge whales there will be issues with people taking this coin seriously from an investment perspective since all it takes is literally ONE person to wake up and hit a sell button to crash the market dramatically..

Even if you could stake, the temptations if an instant pay-day are too great for some 

Excellent observations. There is another perception to be realized though. Solar Claimers will not be buying SLR they will either hold their claim and try to stake 5 coins for a pittance or sell the coins. Lets say you have 100,000 claimers with the average 5 SLR a year that is 500,000 sells and the more Claims grow the more Selling. If 1 Million claims occur there are 5 Million coins sold off. The BitCoin leaves the economy now buyers just hold the SLR, what do they do with it? Pump the coin and sell to other buyers (but there's not much buying only selling) or No Pump cuz we don't believe in that activity and buyers just sell back their coin at a loss to low buys. So the price should continue to fall if there is no pump by the large holders of coin. If a large coin holder wanted to pump though it only makes money for other people but doesn't cost the Pumper that much since they are buying their own coin and whatever positions they take out on the way up. They own those coin positions though and have a great hedge. So at some point there will be a pump and the only ones to dump will be the Claimers. So in essence pumping is making more money for the claimers.

The reason why I know that claimers won't be buying SLR is that they can't ever be required to and they have no reason to buy. Only sell it is like picking up free money from the Crypto Community. Even if they had something to buy the merchant still has to sell...

[solarcoiner]

Some very interesting point of views here.
You all make valid points.

I don't think there is anything you can do about the large holders. It will eventually settle down as they cash out if Solarcoin becomes more popular.

Cyptonick: Why do you assume all solarcoin claimers will sell right away? Im sure there will be plenty of people who would rather just keep their coins rather than selling, especially because you don't get many coins from claiming and there is a lot of upside potential.
I know what you mean there might be some who will sell right away but Im sure there are many people like me who would gladly buy their Solarcoins at the right price  

You can look at the situation from different perspectives:
-One one hand you have huge stakeholders, but what do you expect in such a out of the ordinary unpoular coin that has such a tiny community?
-On the other hand you have a innovative coin that differentiates itself from other altcoins in so many good ways.
Think about it: Is there any other coin out there with this kind of potential where you can invest 0.1 Bitcoin and be in the top 500 holders? This is huge! think about what that means if Solarcoins become popular.
I really believe more people will see it's potential and drive up the price for the simple reason. You can buy such a huge proportion of the coins in circulation for so little BTC. It's really a no brainer that's why I have been slowly accumulating more Solarcoin for the last year or so.
In my opinion Solarcoin really just needs to continue being traded and survive to succeed.
Claimers will come rolling in when/if the price starts moving properly

edit: I know I'm not selling mine, But I do hope the price goes down again so I can buy some more  

[mattwj44]

I do agree with Nick that if people only claim & hold, stake, sell then no real $$ would come in except for the network effect that naturally occurs.. which is essentially someone passing the buck until the cash-out-crash happens & people are left holding the expensive bag.


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


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

[vipgelsi]

I have to be honest i will be selling a few thousand at $1 pluss to pay off some debt.

Other then that i am holding strong.