Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 118. (Read 466822 times)

Still not on OpenLedger?

#solarcoin now on #bitsquare #tor exchange bitsquare exchange https://github.com/bitsquare/bitsquare/releases  no bid/offer yet.

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!

If I know more about the attack vectors maybe I can help more or maybe if there is a list of attack vectors for the community to research that would work. But my guess is the concerns are hardware and software vulnerabilities. Software you can solve by formal verification and correct by construction to make it bug free. Hardware it really depends on what you can afford and how determined the adversary is. Economic incentives can also be put into play to improve security. Incentive centered design can take care of that part using smart contracts: https://www.usenix.org/legacy/event/hotsec06/tech/full_papers/wash/wash.pdf

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/

Don't worry they will start running it up soon, the big walls are to make the little orders go up.

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!!!!

Thanks Nick. It will be exciting, especially when I won't be carrying any cash, just SLR powered debit cards etc.  Lots going on.

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

For those who Don't know Luke flew from London to Tokyo for this.  All Solarcoin powered, pure sunshine.   We want photos as some big players are going to be around.

The affiliates are working on getting a presence at intersolar Europe.   https://de.wikipedia.org/wiki/Intersolar  Thats 47,000 solar industry visitors What a Messe.

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....

That is after the presentation next week.
We are still early days in testing/prototyping. To get to minimum viable product (MVP), that takes to end of the year because all of the security features/attack vectors need to be studied. That is one purpose of the chain-of-things event with a lot of security experts attending. But definitely a positive step forward.

Best,
-lfloorwalker

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

Hi everyone,
I just connected a kWh data-logger from a solar panel, battery to an ARM wallet node.
Some more stuff to do but this is exciting. Been working on this for over 1.5 yrs.
Best,
-lfloorwalker

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.

That will be great. But seriously I can't understand why are we only on Bittrex and Bleutrade? Someone said that we wont get to poloniex because of the "pre mine". So what is the real problem and why other exchanges don't add us?

Forget poloniex. Lets get SLR on gdax! 

Yea it seems everything we get close to 20000 Satoshi someone dumps. But if you notice the bid keep getting closer and closer to the ask. This puppy is going to explode one of these days. the press releases help as well. We need to get on Poloniex. If that happens the sky is the limit.

It has to until disbursed. There is no reason to buy unless the price goes up and that is the reason to sell. It is going to be a wild ride buckle up!

Understood there is no guarantee, this pertains to the actual statement of the Network Size theory gaining more value. It is always pitched this way. More network nodes more value to the network. It is value as information and interest rather than price, but value in worth to attract solar claimers there must be another exponent. This is what is missing, and it relates to why people would buy SLR instead of buying Solar to claim with. (wasn't this one of the goals?)... Not only that, but now any merchant must also compete with every Solar Claimer to sell back their SLR and this process further exacerbates the leaky ceiling of liquidity rain.

I can understand wanting to get in at 5 or 10 cents but when it goes to 1 dollar or 20 there is only speculation and once the rain comes there is a down pour of coin from people selling their claims month to month. Why is it worth it in the long run if they have to wait 20 years to get their entire claim and wait for a high price to sell? If they sell cheap it won't make a dent in their costs of investing in solar. And the price being where it is and the inevitable deluge of sells that could occur there must be a better reason to buy than just mere speculation.

Granted that when the 98 Billion coin are disbursed and no more claim coin is available would be the only time the Network statement could be true about the size growing value. Any other time it is spurious since it perpetuates a catch 22. Who will support the network for 40 years to pay off all the claimers as the price can't sustain the claiming to get to the 98 Billion extinction event, yet the price is not enough to entice the claiming. The bigger the network the less valuable the coin is until it hits 98 Billion. There still may be no reason to buy at a high price even with the 98 Billion claimed out, but it would be disbursed. At this point it could possibly be traded enough that it would sustain a median price point to hover at but tethered to BitCoin eternally for liquidity.

...40 years... maybe, if it ever breaks the catch 22.

At this point ifloor or nickgogerty should make a 98 Billion extinction event or Red Giant Super Nova worksheet to show how many average households it would take to hit the mark. Then get vip or y_virtual to go door to door and make it happen. lol Since once the actual last claim for a 20 year payout hits, all coin will be used up and no more claims will occur. SLR can also make a live ticker to the Red Giant event or Super Nova and people will get it easier and may drive the price better and also make it seem like a reachable goal and give a sense of urgency or just make them seem like they contribute to see if the network value will grow, since making it grow faster will help them get paid.

I thought I would contribute a solution also this time but I still don't see why people would buy SLR instead of buying Solar and Claiming unless they buy and sell it high and profit to then buy solar with. If they hedge when it is at $20 they may fall into oblivion and lose their money to buy solar with. Wouldn't that be a doozy!