Eventually I think Solarcoin will grow large enough it won't even need Bitcoin. I can see a time when Coinbase will change it directly to fiat. I say this because of the nature of the coin. It's designed to do something useful from the start. It's aimed towards industry primarily. Eventually as it grows and solar companies begin to accept it for panels, grid ties, batteries, installation and whatnot, Coinbase and similar services will take note and fill the fiat void. They will want a piece of the action and for obvious reasons.

In my view this is how it's going to grow to help incentivize solar growth because it's the hardware and development that drives the industry.

I didn't mean it that way if it came across like that, I know there will be holders but all Claimers will be sellers. This is the only thing to be true since it costs them nothing to Claim and they want value out for the time it took to claim. There may not be enough value to entice them to claim right now too. But eventually when the price pumps up legitimately or fake volume (we won't know fake/real) then there might be more claimers. So this would make me assume that Claimers would also be sellers, along with any holders who waited to sell.

So it perpetuates the selling either way, not the buying, and even if they buy they wish to make money and sell. This is the basis of the markets but there is no PnL or corporate structure to base worth on. Again the only thing that makes BitCoin worth something is the cost of infrastructure and ASIC costs and Power Costs and willingness to buy it, vs. the scarcity of it, vs. demand. So we know these take an ROI to pay for just to find BitCoin.

So the 2 models don't even extrapolate value against each other unless sold to one, and the main intention was noble of SolarCoin but it is backwards causing BitCoin to be gained as the exiting denomination of choice. The reason for granting SolarCoin, is that they don't want to infringe on a Securities exchange act, and by giving SolarCoin away it helps that perception of legality. But I am not sure if SolarCoin can keep the Dev Fund since that may be considered Class A stock. Yet anyone could have mined the coin so it is still a representation of a Share that has worth and Devs could have mined instead of using a Dev fund, or both for that matter. So there is the Paradox. How do you get around all of the legalities and do something positive? Very fine line to try to walk...

That is a closed market since you don't need SolarCoin to buy something so you won't go buy SolarCoin only Claimers will try to sell it and then merchants sell off too. Possible that people can play that market and it may keep boosting so it would be better than only BitCoin. I just think it wasn't this way initially since that is the Securities act violation. When selling to BitCoin then BitCoin bears the burden of FIAT transactions and SolarCoin is still free from scrutiny even though there is a slight amount of scrutiny that it may be able to slip around it by not offering FIAT based exchange.

Had BitCoin never accepted FIAT and only used for trade it may still hold the same distinction but now as it sits BitCoin is a Stock and Commodity forged out of Spurious activity and peoples willingness to invest in ASICs to produce coin from thin air.

There is a difference between the license to accept FIAT for Crypto and creation of the stock, the very inception of Crypto goes against the Securities act. Anyone can make a coin now and have their own decentralized stock that can skirt an issue. So why does SolarCoin care about this security act? Why would they say it matters? I was told this by them and now have to work my ideas around the Security Act when in actuality SolarCoin may be in violation.

If Solar Companies accept SolarCoin they will give away Solar Panels for SolarCoin? Sounds great, I am going to go make Lamborghini coin and have Lamborghini accept coins I gave away to people who ride the bus and can claim them with their bus stubs to then be able to buy a Lamborghini with this new freshly minted coin.

So you are saying that the Solar Companies now sell the Solar Coin they accept right? Well who would buy the Solar Coin at face value? If buying SolarCoin is equal to the selling price of the Solar Panel to keep the Solar Company in business, the buyer may as well just use their Cash on hand. Oh wait they can buy low? nope solar company goes out of business just slower. Hmm, the prospective panel buyers take their FIAT and buy solar coin higher than it costs to make solar panels? Ok you got me there.

Only possible scenario is to get a discount on the purchase, then the solar panel company can write it off, but then just throw away the coins since they can not profit from them. And if they don't destroy the coins and sell them later they are in violation due to tax fraud. Being that they accepted the Coin and then wrote off the cost and then 2 years later when the coin went to $10 a coin they profited from their write off.

So in that instance the coin would need to be burned if accepted and the price would be equal to the discount, so only less coin could be burned if the price goes higher. But this still doesn't create a buy just to get a Discount unless the Discount is larger than the buy in. Which means the glut of Solar Coin being claimed and sold would make it worth less too and not incentive enough to take the time to claim. It just doesn't work in these scenarios.

FIAT is a closed market for SolarCoin there is no misconception, and BitCoin will drain the SolarCoin economy! Who is going to buy the SolarCoin? Speculators? If you can show me how just through mere speculation of price that it would perpetuate the market I am all ears. Remember that there are free coins dumping like rain if the price goes up too. Since it comes down to an eventual top value of 1MWh per coin you also have a ceiling... combined with rain, a leaky ceiling. Then there is no profiting from the new current buyers, only loss and with the advent of newer solar panels lowering costs the value can also go down. So once the price stabilizes now the costs are dollar for dollar which means you may as well go spend your dollar instead of buying SolarCoin. It is a vicious cycle.

Buying at market is what you do at coinbase by the way. When you buy it's always a market buy.

It is a closed market for SolarCoin not for BitCoin. I outlined it above ^

In fact we've already witnessed a doubling in value with the successful implementation of PoST, and incorporation into a public services company. These things add value, and as we build more into the concept more value will be added, as well as claims. As this occurs it'll attract more investment into technology to service acceptance. As well as emerging technology already in progress with embedded technology to track claims and automate the process. All of this software and hardware coming together will add even more value to the project.

I meant to say 460x as many solarcoins as bitcoins. Derp.

Didn't see this before.

http://solarcoin.org/en/wiring-the-sun-to-the-financial-network-with-a-blockchain/

All of the progress is great couldn't agree more, that is why I hope to expand on them. I don't think that using the current model will make any real difference though it is like building this great Sailboat and hoisting sail in a vacuum finding out you built it inside a bottle.

BitCoin went up in price and that helped SolarCoin double. But again I will show you how to manipulate the market if you want me to prove it to you. Taking a total number of coin and stating it is meaningful in todays Crypto only makes us look silly. Coins can go to NIL Zip Zero NADA and when a coin is created and pumped that coin can toot their own horn. Getting people who mined it to agree that the coin will skyrocket is easy, but when you give it away for free it tends to have a different connotation.

So the only reason why the market hasn't plummeted just FYI, is the fact that there are no real merchants. So as long as there are no merchants SolarCoin will continue to rise and then sell off big chunks and buy up small increments to put the price back to where it was.