I'm not so sure it will ALWAYS be daytrader controlled, because the definition of daytrading is buying a position that you expect to close within the same business day. I truly hope that the price will eventually be "investor" controlled rather than "daytrader" controlled. That was my point. I define "investors" as those who buy a position to hold for a somewhat long period (rather than sell within 8-12 hours), and most of these "investors" will likely come from the group of people who own solar pv and are receiving SLR grants. The expectation is that the people receiving SLR grants will be excited enough about it that they might go to an exchange to buy even more SLR. So when we have a million SLR users all receiving SLR grants, then the amount of SLR "investors" will far outweigh the quick-profit daytraders. Hopefully anyway.
And 98 billion does not seem to be too many. The founder of bitcoin had a small vision with only 21 million coins and bitcoin has far outgrown that vision and now it is getting squashed with overpriced transaction fees among other problems. 98 billion total SLR envisions the whole world to be using solar power. Limiting the SLR total supply to only 1 billion limits this vision especially when one considers that there are about 1.5 billion households in the world. Dream big!
Only the 33 Million would be Swapped out. 98B could stay the same.
Well trading in general is the problem. I proposed a Magic number. Guess what that was... The wholesale cost of power. If the PEG were to be used in transactions then people would realize they can trade for things that their panels generated. People giving a product may take the face value of the Trade even if used. Kind of like getting back money they lost to depreciation.
Investors vs Traders are like Bull and Bear markets. The markets were meant for liquidity to get costs out of goods sold. How can you do business with SLR at these levels? It just can't sustain. Yet anyone taking the risk now could be paid off later. Perhaps merchants with huge margins could get in. But the best option would be to INCENTIVIZE Solar. Manufacturer with a Glut of older product, they accept and create a market. People now buy SLR to use for purchasing outdated Solar. It still works and doesn't deplete their current market. Now it also raises the price of SLR to then incentivize their sales of NEW Solar panels. Claimers can SELL to BUYERS getting the old Panels. It is reciprocal. It incentivizes Solar which is what Solarcoin is about. Not incentivizing Profit takers...