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So many False Premises! lol
price goes down to 1 satoshi and CryptoNick gets all SLR, and stops talking.
until then - Ignore, to save space & time.
I can't ignore CryptoNick entirely. He has brought up some valid points in the past. I won't discount his contributions. I keep waiting for that gem stone to appear among all of the unremarkable ore. It does from time to time.
Well I am spouting gloom and doom so I can understand your defensiveness and I am working on concepts now that I can't implement inside SLR since the direction is set in stone. I tried for you guys though and the devs listened for hours. Probably sick of me.
I have a few ideas but everything goes back to how difficult it is to adopt and make merchants not get stuck in a market that stagnates or generates profit from their acceptance of the coin. Of course this could make them profit if the price goes up continually. And that is the feedback loop that can't be defeated, and the only way to break the loop was to make the Claimers buy their claims. There is no way around it.
I dont follow the conversation clearly, but I did buy my SLR claim, the panels on my roof didnt pop into existence for free, you cant just bowl up and claim SLR for nothing. Assuming my system lasts 25 years, each SLR will have cost me about £80, if you take the produced energy as a factor each SLR will have cost about £20. I live at 51 degrees N, without government incentives or SLR, solar PV is a massive financial gamble, and governments are scaling back on incentives so SLR will have a true value: Im not going to sell out of SLR at 1 Satoshi or it damages my solar PV investment RoI.
I agree you follow along close enough, I had suggested a couple alternatives that would automatically boost the price and create better backing and activity in the market. My objective was to spread the Claim out over the 20 years lifespan and effectiveness of a panel. Locking coin down with options to wait a normal confirmation cycle of PoST to stop a claim. This would act like a CD and then open a larger payout on the Claim after 20 years, but interest in combination with Network Fees added in PoST with the ability to be spent by the claimer.
The initial claim would have to be bought though. Yeah you spent a ton of money on your panels. You also get the benefit of not paying as much for utilities over 20 years. So put a little extra in the pot for SLR now if you want to be a part of the economy is what I was suggesting. This creates a buy instead of a selloff to then create an economy and the more people who buy their claims the more coin gets turned into a Staked CD and less coin in actual circulation. Automatically boost the price. But again I also said to get rid of the 98 Billion so there is no more discussion other than to let you know I tried.
Right now your claim would cost you a pittance. You probably bought SLR anyways too but have a looming 98B out there to dump out. But if my idea was implemented then the 33 Million would grow exponentially in price and you would get your claim cost back after the first year. Then the reward coin must be progressively locked down one after the other or it dissolves in a PoST mechanism or Confirmation Cycle. This would even work with the 98 Billion in existence too, I just know it would grow faster without it. Then PoST kicks in at a different interest level since the 98B would have been gone. This gives incentive to stake and Claimers make a better stake and also would make Tx Fees built in. I really had a master plan laid out.
So for an extra few dollars on top of your thousands put into your system, you would support the network instead of possibly sell to pay yourself back as an incentive since the Gov and Utilities don't incentivize in certain areas and SLR may be your only SREC option. So instead of a small SREC option we stabilize the price more progressively towards 1MWH instead of waiting for it to get there or slowly pumping it there. Then when your interest trickles in you would actually have more than you would normally for supporting the network. It is like Claimers are Platinum Level on the network and get the perks of making more coin to be circulated later. People are left to just perceive this now instead of requiring it and boosting it from the start. The money you put in to SLR now becomes the market and since you want what other Solar Adopters want you now create it for them in isolated areas! With bigger payouts too. So they buy in where they can not participate and make a larger market since they have no market to begin with. Yet they may not even care since they went off grid for a reason (isolated) and could afford it.
It really came down to the main factors of Support/Securing the network and later people getting in and buying their claim may cost much more than right now. But they get the benefits later when they sell their SLR after 20 years and guess what would have happened? They would've had enough money in SLR to buy new Panels, especially since it would be cheaper 20 years from now.
I had it all worked out. I could post my PM's but there are too many, and there are quite a few iterations I thought out in order to make things happen for this coin.
I also made it so that if you pull your Claim out there is no penalty, but there is no future reward from there on until you actually buy back the coin you sold and re-stake. It would have taken time off the end of your 20 year cycle though when the claim was diminishing. This allowed a cross section in the market to happen that benefits the Claimer always. Since, if the price of SLR skyrockets and they decide to pull their Claim and sell they can play the market and buy back low and replenish their claim (losing from the least productive time of claim at the end). It wouldn't have been a quick occurrence though and only allowed at intervals. But this would have been up to the community to decide. We just never had the opportunity to hear or vote. I was just told just like you stated "Claimers don't want to pay etc." So here we are today, and it will hopefully work out in the end. But Leaky Ceilings have a tendency to bust and drown you on the floor.
And being that there are more buying of SLR required for Claimers it allows Merchants to not get stuck in a Volatile market. The price would effectively stabilize better too since Claimers are not requiring Liquidity for anything until 20 years when they replace their panels. It is the perfect futures market and CD investment on top of your purchase of Solar which is already going to pay off in the long run!
Wouldn't you agree that there will be more progressive buying in of claims in the future? If not then the coin just stagnates anyways but can always be worth what it is now if you get my drift. It will always be churning more coin in from claiming than selling out since the adoption of solar is the ideal behind the coin.
