is the price of SolarCoin going down, when the power produced by Solar Cells getting cheaper over time?
That only makes it cost less to claim as you are saying it is cheaper to buy panels. But you are correct when you say the price of SolarCoin will go down if Solar becomes cheaper since more people Claiming and selling will flood the market with coin that it can't support at higher prices. Everyone here likes to tell people the price goes up by claiming but when the market can leave to BitCoin the price goes down. BitCoin is an integral part of SLR and always will be. If the holders of coin right now sell to BitCoin the only way they come back in with their BitCoin is at lower prices, the concept of the market is to buy low sell high and everyone will be doing it at some point so how will it sustain the price later when there will be more people trying to get their claims out into BitCoin and then to Fiat to get the costs of their Solar out. If you get your costs out then that money leaves and doesn't come back. Even if the exchanges let people go from SLR to Fiat the money still leaves to pay for installation costs. How does the SLR market absorb that if there is only so much BitCoin to go around?
'BitCoin is an integral part of SLR and always will be.' I think is a dangerous perception, everything is subject to change. Will we end up with a global SLR only economy; probably not so the point that people can sell out is reasonable, but it is possible that there can be an SLR economy that stands in its own right without the NEED to sell out to BTC, Fiat or anything else.
That would be ideal to only have a crypto as tender. There may be a possibility that this comes to fruition when the Banks finish their Bail-In's and give their Depositors a Haircut on savings accounts. We are not talking about taking a little off the top but more like a close shave. But unfortunately BitCoin or other more valuable crypto will take the Helm.
When I suggested a magic number and to roll in the 33 Million to a current or fair market cap using the magic number, it was to create a buzz about the price used in open trade and also bring claimers on board. Thus allowing the magic number (whatever would be used per coin $50, $120, $200?) to be used for trading in the open at a set price. Market Cap could try to catch the magic number but in all reality it would never be able to stabilize at it since selling must occur for costs of goods to be regained by merchants or just low demand period along with profit taking incentives.
At this point we would have a stabilized version of the coin. Then people who want to own and use the coin at the Magic number can go and buy Solar and Claim or go and buy SolarCoin with the BitCoin they have with which they no longer wish to support the BitCoin network. But this is tricky since people will always be taking value from the network as BitCoin and using it to leverage against SolarCoin. This is why the magic number sustains the coin for those purists out there and allows the coin to flourish in the absence of BitCoin even though people who accepted SLR at the Magic number could also just sell off at the market prices eventually.
There will only be so much buying of SolarCoin though since people can just use their Fiat to buy goods with. It is redundant to buy BitCoin to then buy SolarCoin and then buy a good or product that SolarCoin merchants offer, only to then force the Merchant to turn around and sell their SolarCoin to BitCoin and then sell the BitCoin to Fiat just to pay for their costs of goods. Exhausting... and this allows profit takers to take advantage of the merchants.
The Universal Magic number should be the literal costs of 1SLR=1MWH which is already denoted for claiming SLR this amount or cost of energy would propel the trading to a proper perspective and let the markets act as they may. Ultimately ask yourself a question, would you give something of value to someone in exchange for SLR at the Magic number, or would you want to rely on the Market price? If you say Market then the true beauty of crypto is forever doomed since that can always go to NIL. And if you were the person who would accept the SLR at the Magic number, well then that is why they say there is a sucker born every minute lol. But you can trade the SLR you got in a few minutes possibly. I do think the bank scenario Bail-In is the best shot at the ideal, since no one will be selling to Fiat anymore.
