Now that we know the wallet and network are enhanced, I hope that those involved with the coins development are focusing on a very easy-to-use system for claimants. Realistically I hope that the end process is one where the claimant is able to sign up & start getting solar coins for their verified PV Systems within 15 minutes of when they begin the process itself (all in the wallet of course)
. Anything more is just too long and people will quit during setup a lot, guaranteed.
At this point I see a long haul for the low price (.03 & under) as we will need to see claimant milestones, like 10k, 100k, 1mil claimants, ect before we really see people start to pay attention, & we will need still millions more before a true barter/trade system is ubiquitous around the world for SLR like it is for BTC.
Most importantly we need more claimants & more people running the wallet since this will increase the number of people deeply invested in the network and ideologies behind it. Surely that will only lead to good things for network strength and permeation!
(hope all is well with everyone, Love the enthusiasm so far as SLR is kicking a** & taking names if you ask me so lets keep this train moving along.. no room for short-minded thinking when you have a 50+ year road in your sights)
This is an excerpt from a working solarcoin economics paper I am working on.....
Currency is a form of money. A currency is a social protocol agreed to represent value by the people participating and agreeing to the protocol. I accept Visa, MasterCard, Dollars, etc. As a protocol the value of the network of participants can be reduced and calculated per the number of nodes (participants) assuming a relatively stable flow of value across the network. Fiat works for example by booting up with a massive demand (tax settlement) and supply flow driver (govt expenditures) which pushes the network to dominance (see
https://en.wikipedia.org/wiki/Network_effect network effects) in a geography. A willingness to support the protocol is enough to be part of the network from the perspective of other nodes.
Currency derives its value from 2 forms of economic utility, speculative and transactional. Speculative utility which is volatile is less interesting than growing stable transactional utility which is a mix of optional acceptance and capacity for value exchange. Below are some examples of economic networks and protocols. Some of them are currencies. Note: the value of the network below in some examples only includes the network owner and not the nodes.
Here is a link
*note: where the chart above includes "closed" networks Ebay,visa, etc. the utility/node only reflects network owner utility and not the collective utility which also accrues to participants.
https://www.zapchain.com/a/93TL8NKGHFIf this analysis of currency and economic value being a network effect holds true. then SLR gets interesting at fairly small number of claimant. and yes you are correct it needs to be easier for the solar community. Many are working on that with a mix of online wallets, direct inverter reading and partnerships with developer/installers.
If this assumption hold correct then each 1,000 claimants could add roughly $800k in total to the network utility (market cap) of SolarCoin as a value representing protocol. The SolarCoin energy credit as represented by the Generator pool of 97.5 billion coins is now worth $600m
http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/ This gives SolarCoin the potential to become the largest private renewable energy program in the world in comparison to this global public summary.
Source data:
https://maps.foundationcenter.org/home.phpThe Generator Pool is only worth that much since it is not spendable at the moment. If those coins were circulating each SLR would go to the outstanding price I stated initially of the perfect equilibrium at .00000001 per SLR and 980 bitcoin or $288,120.00 current value. This would be a good thing since buyers could never lose only depending on when you buy in with BTC. This is just the harsh reality as you can't just say since SLR equals .006 per Coin right now that the Generator Pool now equals .006 per coin and X amount.
So you should rework the numbers into the 33 Million in circulation. Which is slightly less than the 98B @1 Sat=$288,120.00 vs 33M @23k Sat=$198,000.00 so consequently this mimics the same market cap outcome but leaves room to be dumped on at .00002300. Now you can really tell how much a coin is worth by the amount of buys on the exchanges. So less than 10 BTC and most buys very low (5 BTC at .00000001) means there is a weaker market cap in play. All the holders of coin are doing their part to sustain the coin by not selling though so good on them, but this will never hold up. They are holding out like VIP for buyers and they will soon realize the only way to distribute the coin is to sell and create a base for users to become a part of the economy without being dumped on too harsh later. This will push down the demand for the coin since the buyers will have tanked up and hope to either Spend the coin on something or sell higher than they bought in. Once they spend the coin it is sold to pay for goods and weak buy support drives the price down further. So implementing Merchants could kill a coins worth dramatically.
So the push back on my other ideas for the coin may be in need of review, even though they are a polar opposite scenario, which is why there is push back I understand.
There are problems when any coin can come into existence and plug itself in mathematically to a commodity and say it is worth X amount. I could create a coin of my own and buy and sell it to myself on Bittrex and say it equals the energy savings of anyone willing to claim they are a Driver of a Hybrid car, even put their VIN on the Blockchain. Suddenly I can attach worth to a coin I created out of thin air. The people using it create the worth but all I had to do is assign the coin to something and ask people to participate and buy my inflated price at Bittrex. Inflated since it costs more than .00000001.
