The coins are used to Sell and get BitCoin for them. Then you take the BitCoin and buy things or sell BitCoin to Fiat. If the coin had a Use that Merchant would have to sell to BitCoin and then to Fiat so it is the same principle just no need for a middle man. Really the ones making money will be the Miners of the PoW coin. If you buy their coin to speculate in the market you can make some money too I suppose. 40 Year project though it will take some time to get the PoW coin distributed so it can't dump down the price after the Claimers sell off continually. This is a gateway to BitCoin, it is like SLR is strapped to the back of a BitTowTruck doing 100 MPH on the freeway spewing black smoke and cutting people off in their Hybrid cars, SLR can only wave and say sorry its just the way the world works.
Such pessimism. There's always going to be a need for Bitcoin or some technology like it as a mainstream to trade with.
What are the use cases of this coin? Im a big Solar energy fan, and it would be cool if I had my own place and was generating solar and got some coins. BUt beyond that (and then selling them). what can I do with them what are its use cases? What drives value in it? Thanks
The philosophy on how Solarcoin derives it's value is through solar production with distribution and encouraging clean energy use. That's it's primary function however there is more going on in development behind the scenes. It's still growing, and there are a handful of merchants. In my opinion it would be fantastic if solar merchants accepted the coin, even as a percent coupon. That would fuel even more sales of solar panels, inverters, grid ties, etc.
There's much going on as Nick would say "Under the hood" I can't comment on. Needless to say just read the news section of the solarcoin.org website if you're looking for more information.
