It's not an issue. Ethereum has a substantial premine and it never affected getting on an exchange. There is simply not enough trade volume at the moment. The solarcoin foundation is legally bound by US law to keep the premine in check.

It's awesome to this unfolding. When will the final results from the experiment be released? There are some big names in this project!!!!

I'm not an expert on these things but I was thinking about the security aspect of it. If one person was to chage the input of the data-logger the other nodes would need to be able to detect fraud. The only way I see that happening would be some type of proof of code algorithm where the code exist on the blockchain and the nodes would verify transactions by also verifying that the node sending the data has the same code as at least 50% of the other nodes. Just a thought....

It's a good thought, we are working on this Due-diligence (DD) verification algo right now. It will be a trusted nodes job possibly.
We need to define the SWOT around that.

Best,
-lfloorwalker

Whoa we have 60 BTC on the bid right now.  Imagine of the people that have the bids just bought off the Ask.  We would be over a dollar right now.  It's just going to build up until someone gets impatient!!!!

Maybe I can give some suggestions.
Be very careful in the selection of hardware. Be mindful and wise in the programming language you choose. If you have the resources go with a correct-by-construction approach to your software development or smart contracts (which is similar to the approach taken by NASA). If your software portion is verified then you know with 100% certainty that it is mathematically correct as a proof, and when you implement it take the most correct approach. Langsec formal proof will result in perfect bug free code.

If you go with C then use well known highly trusted standard libraries, if you're going with Ethereum then formally verify and test your code if you have the human resources and expertise to accomplish this. Do not rely on human error. Finally if you're dealing with hardware while this is the hardest part to secure it's likely for an MVP or prototype you really only have to get the software really secure. The hardware is something else entirely.

For more:
http://c2.com/cgi/wiki?CorrectByConstruction
https://intelligence.org/2014/03/02/bob-constable/
http://www.nuprl.org/

Aren't we also talking about emulation of the actual device too? Plug in an emulator pass through behind your TV or Computer or every outlet in your house. Claim to have solar panels and then gain reward of the $20 per SLR price levels that everyone will be buying and vying for pushing the price to $40 then $60 upwards to $400 a coin to compete with BitCoin even though it has to sell to Bitcoin, the selling could actually hurt Bitcoin markets so SLR will have an edge there. Seeing that there will be Billions of dollars of SLR dumping on Bitcoin and lowering the price it gives SLR an opportunity to catch up

That is to say that people will be buying Bitcoin at that point when they could just have an epiphany and use their money to buy Solar and then Claim and then Sell SLR for Bitcoin. At that point we have another problem no one will be buying Bitcoin to sustain the sale of SolarCoin Or perhaps they don't have to buy Solar and just buy the emulator to plug into every outlet in their house in order to gain the $400 SLR Coins. They still get to use the power they emulate too as a pass through since it only monitors.

So SLR price should sky rocket and Bitcoin price will dive since it has to provide the capitol for the exodus of Bitcoin from the sale of the expensive SLR. Make it happen!

Still not on OpenLedger?

It has to be worth it. At a certain point in scale, you have to provide name plate identification. Would it be economical to simulate a few watts of electricity generation below the threshold? Probably not because the cost of doing something like that will outweigh any potential ill gotten gains.

Thanks Luckybit, will definitely listen to this advice.