Not assuming, I was told by the SolarCoin Devs that you can not go to FIAT or it is a Securities Act Violation. BitCoin is the only one allowed to be traded for FIAT. I scratched my head the whole time since it is only 1 step removed from FIAT to BitCoin so what is the difference? If you can go to FIAT by just creating a coin and suddenly out of thin air people can send Fiat for a coin and give the maker and most worthy miners of the coin money for nothing but their time and hash power, it sounds like the way to go.
This still doesn't solve the dilemma I stated about why to buy SolarCoin or any Alt coin even BitCoin for that matter. Just to facilitate its existence? Yeah SolarCoin is fast and light etc. but why buy it and how do you support even $25,000 worth of merchant transactions without crashing the market? There are not enough coin in existence to deal with the low buys that will be forced out on the constant dive of selloffs. If that is the purpose of the coin to be used right? Or are people just supposed to come in at a frenzy and think that it is the next BitCoin and just buy buy buy? There are only 12 BitCoin in the market and most of the buys are very low. So to get a transaction in real time a merchant can sell $4,440.00 worth of goods and then the coin is at .00000002 and someone holds a ton of coin at that position. Now your positions are eroded just because of one single sale from a Panel Installer for 1 Job on 1 Roof.
More than just Transaction Value? I guess I can't argue with perception.
Why do you constantly assume the market is going to stay thin forever? You can't apply the conditions today with what will happen tomorrow, yet you stay convinced it's never going to happen. All of your arguments on trading liquidity are only based on trading actions, it never takes into account market viability. Are you aware every major currency in the world is traded on an exchange and the value constantly fluctuates, and there's a limited amount of supply for the demand? You just don't notice huge swings because of the adoption rate. In several years of claims, you'll see similar liquidity. I'm beginning to think you're just here to cause a ruckus.
To address your other concern about Solarcoins existence. It really only matters if people adopt it. I think there are several good reasons to do so.
Why? Because it can't support itself! I outlined it several times as a Leaky Ceiling. It makes no difference then if the market grows it only perpetuates the same outcomes on bigger scales. SLR and all Crypto coins including BitCoin are not a Currency they are a Stock, and you would buy a stock that has no assets or Profits just pure Market Cap? BitCoin has an infrastructure and costs so it may be the only relation to worth, where PoST can actually go in the opposite direction and that would make it worth less since it costs less to sustain since there is no competition to gain it. BitCoin is a race to spend energy and heat and generates worth, SolarCoin shows how much it can save and attempts to prove worth that way but at no real expense since the owners of Solar Panels already benefit from their purchase.
All currency is a stock. It makes no difference if it's BTC, SLR, USD, or Euro. All currencies trade against each other and are subject to fluctuation. How many assets back up the US Dollar? How many profits? None. It's a debt note which makes it worth less than even 1 bitcoin, it's only function is to inflate. The USD like many other countries currencies are leaky ceilings but that fact is conveniently tucked away.
Your arguments tend to be based on false premises which is why arguing with you is pointless.
False Premise? So you think that creating SLR gave the right to make a currency? Securities act violation, even the devs mentioned it and they are wrong? Why are there laws? I think you are confused that people spend their currency to get BitCoin and it represents what they are willing to spend to make it seem like a currency. They may have their currency in BitCoin but they all hope it goes up and not down, since Fiat is what all merchants need in liquidity until everyone agrees there is no need for Fiat then BitCoin can become a currency since it holds what people valued once as currency.
USD and currency are not a Stock, it is what you use to buy a Stock, if it inflates it is the power of the currency vs other currency and not the cost of the stock. The only reason why they trade Currencies is the fact that there are exchange rates. Which is stronger vs the other and only in order to trade goods that they PEG to their trading pair and hedge their trading activities. I can create a Cryptoland Currency and say I make 98 Billion of them and then manipulate the Bittrex market on the exchange over time to make it worth more than the amount of USD in existence, I then have a successful currency and can topple the US Dollar!
Meanwhile people spend their USD to make my currency worth more than the USD! You are the perfect example of why Crypto is so delusional, hoping to make themselves rich so it clouds judgement.
So back to the main issue and if I am creating a false premise then I am basing it off of the coin structure which would also need to be false.
1. There are 98 Billion freely granted coins right?
2. There are people buying those SLR on a market right?
3. There are 2 options for claimers, Hold or Sell, buying a product is selling too and the merchant could also hold, still 2 options.
4. Having more claimers does not make the price go up since they do not buy coin they claim it for free... goes back to the first so called false premise 1. and equals the Leaky Ceiling like I stated.
5. Now the buy low sell high has to be proven as a false premise... Hmmm Buy High Sell Low? Buy High Sell Even? Buy Low Sell Even?
6. Now the merchants selling has to be proven as a false premise... Hmmm got me there they could just hold on to the coin like little pack rats and never sell.
So it is a False Premise of it being easier to take your Fiat and go to the merchant and buy their service or panels or whatever they are selling than it is to go buy SLR and then purchase the same from the merchant? To be false you have to think it is easier to buy SLR than it is to just take your USD or whatever Stock Currency you may hold that the merchant takes and buy SLR with it instead of just handing it to the merchant. This merchant would have to only accept SLR and not Fiat to have your argument work, and then they would also need a corner on the market of what you are buying to not go to another merchant.
Is there a product that SLR can corner the market with? Forcing people to go to market to buy their CURRENCY and then export goods and services based on it?
Then the merchant has to recognize SLR as a global currency and it must not need to be sold to create its worth.
So many False Premises! lol