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://bt.irlbtc.com/view/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.
