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Topic: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto - page 31. (Read 138368 times)

sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
Everyone try and support solarcoin on bittrex spread the love...

https://bittrex.com/News


Potential Market Delistings Friday July 11th
#A3C, #BOUN, #COIN2, #FCN, #GRK, #LION, #XLC, #MHYC, #NEB, #PER, #ROM, #SHIBE, #SNCX, #UVC, #WATER, and #WVS Developers, please contact us to keep the market from delisting.


Potential Market Delistings Midnight EST
#BTCX, #CT, #DRM, #DVK, #FLASH, #HIC, #HC, #LIMX, #X13C Increasing the trading volume will keep these coins on our markets. https://bitcointalksearch.org/topic/m.7084920


Good to hear that we're not one of the coins being delisted. We probably have barely enough volume there to remain listed.

I've also been trying to encourage people to buy on Bittrex instead of AllCrypt because we don't want to get delisted from a major exchange like Bittrex, but for some reason the majority of our volume is still on AllCrypt. Maybe the good news is that means a lot of people are buying SLR who don't read the forums. Probably most of us who read the forums have switched to Bittrex, and I think about 25% of our volume or something like that is now on Bittrex, but I'd like to see it get up to at least 75% of our volume.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
Freebird is there any way to see the top solarcoin wallets?

You can see the cold storage wallets (i.e. the coins held in reserve for grants) on the block explorer: http://blockexplorer.solarcoin.org/

Other than that, I don't think we have a "rich list" to view the biggest SolarCoin holders. Somebody please post it if there is one that I don't know about.
legendary
Activity: 1736
Merit: 1001
Everyone try and support solarcoin on bittrex spread the love...

https://bittrex.com/News


Potential Market Delistings Friday July 11th
#A3C, #BOUN, #COIN2, #FCN, #GRK, #LION, #XLC, #MHYC, #NEB, #PER, #ROM, #SHIBE, #SNCX, #UVC, #WATER, and #WVS Developers, please contact us to keep the market from delisting.


Potential Market Delistings Midnight EST
#BTCX, #CT, #DRM, #DVK, #FLASH, #HIC, #HC, #LIMX, #X13C Increasing the trading volume will keep these coins on our markets. https://bitcointalksearch.org/topic/m.7084920
legendary
Activity: 1736
Merit: 1001
Freebird is there any way to see the top solarcoin wallets?
hero member
Activity: 546
Merit: 500
I also want to let you all know that Nick Gogerty, the Chair of our new Economics & Monetary Policy Committee, did make his report to the Board by July 5 as stated in the minutes, and all the remaining Board members agree to pursue his plan for a gradual reduction of block reward of SolarCoin to bring down the very high inflation rate that has been keeping the price suppressed. The Board has not officially voted yet to implement the change, but unless people suddenly change their minds, it looks like it will occur in the near future.

Could you share any details on the new block reward structore?

Nick's proposal, which everyone who remains on the Board agrees with, is for the block reward to decline a small amount each day, halving approximately every month for about 6 months until it gets down to 5 SLR per block, and then the rate of decrease to switch to an annual halving rate. If we start doing this in August, the reward would gradually decline from 100 to 5 by February 2015, and then in February 2016 it would be 2.5, and so on.

I want to reiterate that this proposal has not been officially approved by the Board, but we're leaning towards doing it.

So initially it was planned that ~52 million coins would be mined the first year before the first block halving (Jan 2015). If this block reward decline begins in August (per Nick's idea), then will the remaining several million coins be distributed through PoS, so that 52 million coins will still have been produced in the first year?

No, the idea is to reduce the number of coins produced this year and spread out the distribution of the remaining coins over many years to come, at a low inflation rate, i.e. it would eventually fall to something like 5% or even less. We DO want to switch to PoS, but what we're trying to accomplish is a gradual transition from the high mining rewards of a PoW system in its first year to the typically low staking rewards of a PoS system. PoS would presumably be implemented in late 2014 or early 2015, after the PoW block reward has fallen a lot, so that the change wouldn't be a sudden shock to the monetary structure of the coin.

That makes sense. Thanks for the clarification.

I think this will definitely help boost the market price. And now I'm even considering selling my miners and using the money to buy coins rather than mine them.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
Regarding Joely's resignation, I am of course very sad that she decided to resign. She was a great contributor on the Board. But I totally understand and respect her reasons.

The only reason I didn't announce her resignation is because Nick and I were still trying to persuade her not to resign. Unfortunately neither of us succeeded.

Joely, enjoy your much-needed break from SolarCoin, and I hope you'll remain involved in the future in some way, however much or in whatever way you're comfortable with.  Smiley
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
I also want to let you all know that Nick Gogerty, the Chair of our new Economics & Monetary Policy Committee, did make his report to the Board by July 5 as stated in the minutes, and all the remaining Board members agree to pursue his plan for a gradual reduction of block reward of SolarCoin to bring down the very high inflation rate that has been keeping the price suppressed. The Board has not officially voted yet to implement the change, but unless people suddenly change their minds, it looks like it will occur in the near future.

Could you share any details on the new block reward structore?

Nick's proposal, which everyone who remains on the Board agrees with, is for the block reward to decline a small amount each day, halving approximately every month for about 6 months until it gets down to 5 SLR per block, and then the rate of decrease to switch to an annual halving rate. If we start doing this in August, the reward would gradually decline from 100 to 5 by February 2015, and then in February 2016 it would be 2.5, and so on.

I want to reiterate that this proposal has not been officially approved by the Board, but we're leaning towards doing it.

So initially it was planned that ~52 million coins would be mined the first year before the first block halving (Jan 2015). If this block reward decline begins in August (per Nick's idea), then will the remaining several million coins be distributed through PoS, so that 52 million coins will still have been produced in the first year?

No, the idea is to reduce the number of coins produced this year and spread out the distribution of the remaining coins over many years to come, at a low inflation rate, i.e. it would eventually fall to something like 5% or even less. We DO want to switch to PoS, but what we're trying to accomplish is a gradual transition from the high mining rewards of a PoW system in its first year to the typically low staking rewards of a PoS system. PoS would presumably be implemented in late 2014 or early 2015, after the PoW block reward has fallen a lot, so that the change wouldn't be a sudden shock to the monetary structure of the coin.
hero member
Activity: 546
Merit: 500
I also want to let you all know that Nick Gogerty, the Chair of our new Economics & Monetary Policy Committee, did make his report to the Board by July 5 as stated in the minutes, and all the remaining Board members agree to pursue his plan for a gradual reduction of block reward of SolarCoin to bring down the very high inflation rate that has been keeping the price suppressed. The Board has not officially voted yet to implement the change, but unless people suddenly change their minds, it looks like it will occur in the near future.

Could you share any details on the new block reward structore?

Nick's proposal, which everyone who remains on the Board agrees with, is for the block reward to decline a small amount each day, halving approximately every month for about 6 months until it gets down to 5 SLR per block, and then the rate of decrease to switch to an annual halving rate. If we start doing this in August, the reward would gradually decline from 100 to 5 by February 2015, and then in February 2016 it would be 2.5, and so on.

I want to reiterate that this proposal has not been officially approved by the Board, but we're leaning towards doing it.

So initially it was planned that ~52 million coins would be mined the first year before the first block halving (Jan 2015). If this block reward decline begins in August (per Nick's idea), then will the remaining several million coins be distributed through PoS, so that 52 million coins will still have been produced in the first year?
sr. member
Activity: 406
Merit: 250
Very sad but as long as you stick around it is all good.

I'm not going anywhere.  Kiss

Enjoy your life now.
You're welcome back next year when with block rewards cut and pos implemented we stay here with this golden coin in hand, thinking early times like now where people like you dedicated more than they could do to make solaroin the best crypto outthere.   Wink
See ya!

/blush
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
Isn't there an honorary position available for you Joely? Smiley


There'd better not be!!!  Shocked Ewe... I hate titles. Blech.

Cheesy  Wink  Cool
hero member
Activity: 644
Merit: 500
Very sad but as long as you stick around it is all good.

I'm not going anywhere.  Kiss

Enjoy your life now.
You're welcome back next year when with block rewards cut and pos implemented we stay here with this golden coin in hand, thinking early times like now where people like you dedicated more than they could do to make solaroin the best crypto outthere.   Wink
See ya!
sr. member
Activity: 406
Merit: 250
Very sad but as long as you stick around it is all good.

I'm not going anywhere.  Kiss
sr. member
Activity: 406
Merit: 250
Isn't there an honorary position available for you Joely? Smiley


There'd better not be!!!  Shocked Ewe... I hate titles. Blech.

And now Ghost Trader is taken... I could have gotten into that role.  Grin
sr. member
Activity: 406
Merit: 250
Isn't there an honorary position available for you Joely? Smiley


There'd better not be!!!  Shocked Ewe... I hate titles. Blech.
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
Isn't there an honorary position available for you Joely? Smiley
legendary
Activity: 1736
Merit: 1001
Very sad but as long as you stick around it is all good.
sr. member
Activity: 406
Merit: 250
Hello again fellow SolarCoin enthusiasts. I still have no power or internet at home so I have to post this from work (which I shouldn't be doing), so I will try to make it quick and tell you the story as it happened...

After the most recent board meeting, I went through a few days of serious reflection and decided I no longer wanted to be considered for a Board position when the Incorporation eventually happens. I sent an e-mail to Nick, Joe, Eric and Doug and I will share that e-mail with you below so you have full access to exactly what I said. About an hour after I sent the e-mail my power went out but I was able to use my phone for communication purposes. Nick sent me a private e-mail asking me to reconsider and he was very gracious and understanding of my position. Out of respect for his concern and intelligence, I agreed to delay public announcement of this for a few days. But now a few days have passed, and it's time I shared it with all of you.  Smiley I've pasted the contents of my e-mail below and I will add a few comments below that for further clarity. (I removed the e-mail addresses to protect privacy. That is the only alteration made.)

Quote
From: "Joely Balazs"
Date: Jul 5, 2014 12:15 PM
Subject: Withdrawing my name for Board consideration
To: "Nick Gogerty", "joseph. zitoli", "Eric Stetson", "Douglas Felmann"
Cc:

Good morning everyone,

I have decided to withdraw my name for Board consideration. There are multiple reasons for this, some of which I will highlight for you.

First and foremost, my personality type doesn't lend itself well to this sort of role. (see here http://www.davidmarkley.com/personality/conceptualist.htm). I am an independent, free thinker and the controlled structure of a Board makes me feel trapped and that's not good for my spiritual health. I am forced to conform to traditional structures every day in my real job and I need my focus on SolarCoin to be that of an outsider, not an insider, so I can continue to enjoy it and be a strong supporter.

Secondly, I spend 40+ hours a week doing valuation on high end commercial real estate for the purposes of tax assessment. The position I hold is the highest technical position that can be held in terms of valuation with the Province and I am the first woman to have been awarded the title. I spend my days rooting out lies and calling out assumptions from wealthy property owners who try to say their property is worth less than market value because they don't want to pay taxes and they think I'm stupid enough to buy into their weak and fallacious arguments. Many of these people are incredibly disrespectful and most of them aren't that bright, to put it bluntly. They have a lot of money and therefore a lot of power. I am squeezed from both ends on a daily basis with those above me (also not that bright) who like to kowtow to this perceived power and my obligation to do the right thing and strike a fair assessment for the tax payers of this Province. It is a thankless job and I do it very well. But it takes a mental and emotional toll. I need to focus my energy there for the time being and can't afford to take on any role that requires an official stance and demands the appropriate amount of attention.

Finally, I spend far too much of my free time on SolarCoin. If I could afford to quit my day job and do this exclusively, I would. However, that isn't even close to being an option I can consider. I need to keep my priorities in line for the time being.

Looking back, I realize I should have taken more time to consider being on the Board. I was excited at the prospects of SolarCoin and the Mission (and I still am) but I understand now that I am not Board material, it just isn't in me. I will continue to be a huge supporter because my view of what we're trying to do here and why hasn't changed. It's just best if I participate as an activist volunteer than as a Board member.

I apologize for springing this on you now, but better now than later. This should give you time to find someone to take my place before Incorporation happens.

I will keep everything that's been said and done thus far in complete confidence but you should no longer include me in official "board related" e-mail correspondence. Obviously if there is any information or insights you'd like my opinion on, feel free to correspond with me, I'm not leaving SolarCoin. Smiley

Cheers,

Joely

PS: I would prefer to share the contents of this e-mail with the community so as to not cause any undue concern/drama and I will remove the Board member title from the Volunteer page on the wiki. I can do that later today or perhaps tomorrow once you've all had a chance to digest this. If you think it's best that I don't share this, please let me know. If anyone out there wants to know my reasons, I can share it privately with them rather than publicly with everyone. It doesn't really matter to me. Smiley
 

So that is that my friends. If any of you find this disappointing, I do apologize. But it’s important to remember that these efforts to change the world require all of us to contribute the best of ourselves within whatever capacity we have to contribute. Unfortunately for me, my “capacity to contribute” right now is frustratingly small given the external realities of my real life so I have to make my decisions based on all of the inputs, not just some of them.

On the plus side, I’m a helluva lot better at being an outsider and holding people’s feet to the fire than I am being an insider who just desperately wants to avoid the spotlight of being on a “Board” that doesn’t even exist yet Cheesy. If I could snap my fingers right now and have the Generator pool fully automated so that no centralized authority is in charge of anything, I’d do it. However, the technology to make that happen isn’t quite there yet, but it will come.

In the meantime, we are forced to put our faith and trust in the creators of this project and those they bring on board to help with the effort. Eric is doing a stellar job on that front. He is passionate about doing the right thing and I have a huge amount of respect for that. Nick also deserves applause as he has put more on the line than any of us because this was his idea and I am convinced his intentions are good. I was sad to see Doug resign but he also has his reasons should he decide to share them, I won’t comment on that only to say that I respect his decision as he came to it rationally and objectively.

With all that said, I’m looking forward to seeing where this goes and I won’t hesitate to make my opinions known if I feel they are relevant. I remain cautiously optimistic that SolarCoin goes in a direction that ensures the Mission as stated is kept front and centre and that those involved in the decision making are skilled enough to make that happen. These are exciting times and I intend to enjoy as much of it as I can. Smiley

legendary
Activity: 1736
Merit: 1001
I also want to let you all know that Nick Gogerty, the Chair of our new Economics & Monetary Policy Committee, did make his report to the Board by July 5 as stated in the minutes, and all the remaining Board members agree to pursue his plan for a gradual reduction of block reward of SolarCoin to bring down the very high inflation rate that has been keeping the price suppressed. The Board has not officially voted yet to implement the change, but unless people suddenly change their minds, it looks like it will occur in the near future.

Could you share any details on the new block reward structore?

Nick's proposal, which everyone who remains on the Board agrees with, is for the block reward to decline a small amount each day, halving approximately every month for about 6 months until it gets down to 5 SLR per block, and then the rate of decrease to switch to an annual halving rate. If we start doing this in August, the reward would gradually decline from 100 to 5 by February 2015, and then in February 2016 it would be 2.5, and so on.

I want to reiterate that this proposal has not been officially approved by the Board, but we're leaning towards doing it.

Sounds like a great plan to me.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
I also want to let you all know that Nick Gogerty, the Chair of our new Economics & Monetary Policy Committee, did make his report to the Board by July 5 as stated in the minutes, and all the remaining Board members agree to pursue his plan for a gradual reduction of block reward of SolarCoin to bring down the very high inflation rate that has been keeping the price suppressed. The Board has not officially voted yet to implement the change, but unless people suddenly change their minds, it looks like it will occur in the near future.

Could you share any details on the new block reward structore?

Nick's proposal, which everyone who remains on the Board agrees with, is for the block reward to decline a small amount each day, halving approximately every month for about 6 months until it gets down to 5 SLR per block, and then the rate of decrease to switch to an annual halving rate. If we start doing this in August, the reward would gradually decline from 100 to 5 by February 2015, and then in February 2016 it would be 2.5, and so on.

I want to reiterate that this proposal has not been officially approved by the Board, but we're leaning towards doing it.
legendary
Activity: 1736
Merit: 1001
I also want to let you all know that Nick Gogerty, the Chair of our new Economics & Monetary Policy Committee, did make his report to the Board by July 5 as stated in the minutes, and all the remaining Board members agree to pursue his plan for a gradual reduction of block reward of SolarCoin to bring down the very high inflation rate that has been keeping the price suppressed. The Board has not officially voted yet to implement the change, but unless people suddenly change their minds, it looks like it will occur in the near future.

Could you share any details on the new block reward structore?
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