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    Author Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)  (Read 466859 times)
    CryptoNick
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    December 01, 2015, 11:17:37 AM
     #2701

    This coin doesn't care about merchants, fiat, or any of that stuff.. in fact that doesn't matter at all since this network has the inherent value of representing the power needed to claim each coin.... this value is why we won't need to cater SLR to anyone specifically as that would only narrow or hinder the ambiguity & potential it offers when representing power in the global economy.


    I get that people want this coin to be "spendable" but that will happen as it gains network effect & popularity no matter what. We don't need to change/peg anything about this coin other than the claimant rule (1MWH=1SLR), just get the claimant sign-up process online and make it quick to join then watch this coin (or some crypto that adopts similar ideology) take off... also a good wallet & regulation against false-power (double spending) are needed to ensure long term stability.  


    Solar power itself is valuable & a coin that truthfully represents it's presence in our global economy can be valued, traded, spent without all this stuff people are trying to propose since speculation on the value of solar power is the end-game here.  

    Don't design this coin for merchants, governments, or any other specific 'institution' except one that is comprised of individual people in a free market collecting power to run their lives... Keep it simple Smiley

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    Also early adopters & coin creators should make money as long as there is no pre-mine (this coin had none), thats how investment with high risk works in a free market.     duh  Huh

    There were 98 Billion Pre-Mined Doh! But they are reserved yeah ok. Again to my point 98 Billion are free and granted to give away (SELLERS not BUYERS). So the claimers should just hold them and not spend them and then we can just say they are valuable because it relates 1MWH to Solar? Solar Power is only valuable since it produces FIAT from the power company and can power your lights, the coin associated is just sold to give those Solar Users an SREC type of benefit, so now who is buying and why? People like mattwj44 must be buying the Claimers coin hoping to get rich. Why spend your FIAT to just hold SLR? Even if there is something to buy why buy SLR just to go buy something that you can already buy with FIAT? If you don't see this then you have blinded yourself.

    The only way to accomplish a buy is to force Claimers to spend some of their FIAT that they gained from their Solar Panels in order to claim. Participation should have a cost. If there is a network later and it includes every crypto user or millions of people then you only have profiteers waiting to support your economy by profiting from the merchant sales exchange to FIAT (if you have Merchants otherwise just Trade I guess). There is no other reason to buy at this point if you don't follow my rules of participation. The only reason to buy is to Profit, this means buy low sell high, but who is buying other than profiteers? They will have no one to sell to HIGH unless they pump it while holding astronomical amounts of SLR. Since they would own it they sell it to themselves to boost the price, but then they are stuck since the model is SELL HIGH buy LOW and no other profiteers want to buy their coin from them. This is why the Pump n Dump model only works well once since Devs own the coin for free or minimal cost of hashing it at large block payouts.


    What? Lol when tons of people are given something it becomes valuable because they can trade it and because they say it has value.... Also solar energy is valuable BY ITSELF because that energy was put to work in reality, not just sold for fiat.  This is like an airline mile system on steroids, but SO much more.

    People like CryptoNick are narrow minded and think this coin has to be tied or justified by fiat or meet some 'standard of value' when it already has by proving work of energy capture from a renewable resource.  

    Also hell yea I wanna get rich off this, who doesn't want their investments to make them money?    Liars?   Smiley Smiley Smiley

    You didn't even realize there was a Pre-Mine and now you are telling me that by giving Coin away for free that makes it valuable? It can have value but not for long. Here is the scenario that will wake you up to reality... Everyone doesn't go and buy SLR they go and buy Solar Panels and Claim it and get it for FREE. They trade it to you for money since you are the only one BUYING SLR. The Claimers GET Money from their Solar Panels but yet they don't need to BUY SLR for any purpose they just need to SELL IT!

    Since they own the solar and the profits from it, the SLR only represents what they generate and they put that FIAT in their bank. This doesn't magnetically magically equal their output and derive a price equal to a MWH. Now if you BUY their SLR from them for 1 MWH in price then IT DOES NOW MAGICALLY EQUAL 1 MWH! This is because YOU BOUGHT it and it is the only reason.

    So now who other than YOU are going to BUY SLR? Claimers can go take their SLR to a Store is your only argument, unfortunately the Merchant MUST get his FIAT back for the purchase! So the Merchant MUST SELL even if the CLAIMER doesn't SELL but TRADES. Someone somewhere has to SELL! So someone somewhere has to sustain the market and BUY!

    If I make it Rain 98 Billion coins on everyone this doesn't make it valuable since no one will buy these coins I rain on them. I can assign a value to these coins in relation to Gold and it equals all the gold in the world. If you claim you own a gram of gold you get a coin. Now you keep that gold you claimed and try to sell the coin for what the gram is worth but for some reason no one buys the coin. The coin is only a representation of the gram of gold which now can be sold to someone else and the gold is what is worth money. Just like the Solar Panel is what is worth money since it also creates money from the power company. So now I am supposed to pay you on top of the fact that you already made money from your panel? And you also got your SLR for FREE? Why should I pay YOU when you were the one making the money from the Solar Panel and it is your coin?

    So it can be a coupon and not even worth the paper it is printed on. Sorry to say this but come on man I am trying to turn this coin around and make it base itself in reality.

    This is not limited to SLR since all Crypto has this innate problem! So this is not directed merely towards SLR but SLR is actually the only possible remedy for all Crypto end of story! It will take people who are not Greedy though so I guess you are out of the bigger picture...

    The only coins in Crypto that can reverse this problem are ones that have Functionality that provides a service. Like STORJ you would buy the coin to use the service and people mine the coin to create the service. The coin can be traded for other things even and still be worth the base price or cost of service. This is decided by what the market does. People buy the coin to use the service and people sell the coin they mine perpetually. It works where Freebies don't since the Freebie can't support its market.
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