Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 237. (Read 466799 times)

That depends on where the coins go that come from staking. As staking becomes a reality, I will begin to toss some staking interest into one of the reserve addresses effectively locking the coins up for several years.

Matt, online wallets open for staking will be the ones securing the blockchain - that's where value comes from. Here are some good reads on various implementations:
http://forum.netcoinfoundation.org/thread/721/posv-rewards-blockchain-guardians-netcoin
http://en.wikipedia.org/wiki/Proof-of-stake

After thinking about it, POSv wallet rewards should give out as little coin as possible since coins added to the market which are not 1MWH=1SLR claimed will de-value prices ... they represent value added in online wallet users and NOT power generated.

Even 200k/yr coins would be a LOT considering how much power that is and how few claimants are involved at this point.

Does anyone else agree that adding non-claimed coins to the network usually doesn’t add that much benefit and brings price devaluation at the same time? 

slr back on track
3btc to 18k...nice

Up 25% today alone.  Got Solar?     

Some food for thought...
"... the best way to predict the future is to invent it." Alan C. Kay
http://www.ecotopia.com/webpress/futures.htm

Price up again gonna be a fun ride.

Very impresed looks like alot of work going on behind the scenes.Thanks Nick for the updates.

Update: the developer of POSv has received half the payment for the dev Job. Payment was made in BTC as requested. NO SLR was spent. It came from foundation members pockets.

We are awaiting delivery ETA etc. Upon delivery of testable code we will pass info on via this forum, facebook and on site ASAP.  We have funds in place to complete full payment upon tested compiled wallets. Hoping things move along. The development team behind the cannacoin project is the team working on this.

There is a separate team associated with an affiliate website project which is working on a web-based and mobile wallet which will mean no block-chain requirements.  They will be using the POSV source code to run instances of a service which will then have a secure light weight html front end. Other developments and outreach with the solar community are under way as well.

If people want to develop the PoS software they can bid for it. That's the only fair way of getting the job done.

Lowest bid wins.

Linking of Powerwall/inverter > affiliate website > Solarcoin blockchain is a really exciting idea. I hope Tesla's Powerwall provides an open API.

Price is looking healthy. 

+1 to this idea.. I am also willing to chip in for a developer so long as we have failsafes to make sure the money isn't given for improper reasons or stolen in some way.

Surely we could set a fundraiser goal or a finish-date goal that correlates with a number of BTC/fiat/ect so we can speed up the POSv and claims/wallet GUI development to keep things flowing in a world that demands progress 24/7.

Good call Nick!

Hello everyone,

I have been following Solarcoin for a long time and hold a large number of coins. I have been impressed with how the coin started and the vision for it. Recently we have lost a lot of momentum due to the slow switch to POS. I am not a technical person but have seen other coins make this change much faster. I was wondering if we could set up a fund and pay a developer to get the job done quickly. I am more than happy to help fund this. A lot of momentum is being lost. Also a while ago there was a request for a poster to be completed. This was never done. Would people be more interested in making one if there was a reward for it? Potentially have a contest and the best poster wins 5,000 solar?
To increase awareness we could have advertising on the LTB network when the switch to POS is made. Timing the switch with some advertising could build awareness and hep us break into the top 30 coins. Time wasted now could have a big impact on this great project.

Regards

Nick

I sure do miss the monthly board meetings   hopefully after POS they will continue. 

Thanks Nick, sounds good.

Freebird, that is great stuff.  Congratulations on launching grantcoin. The more innovative thinking around using economics for good, the better. I am sure Luke and team would be interested to learn your thoughts on Ripple integration. We will reach out.

I'm glad to hear that SolarCoin is thinking about getting on Ripple. I think this would be a significant benefit to any altcoin, because it enables people to buy the coin directly for dollars, euros, and other fiat currencies. Most ordinary people in the world don't necessarily want to have to buy Bitcoins just to get another cryptocurrency they're interested in. In fact some of the progressive types of people who could be interested in a project like SolarCoin tend to have negative views of Bitcoin.

I would be happy to provide input on how you could get the SolarCoin blockchain bridged with Ripple so that Ripple users can buy and trade SLR for fiat, transfer SLR from their Ripple wallet to an external SolarCoin wallet and vice versa. It's a complex process of how it actually works, technologically speaking, and it takes a lot of study and networking with the right people to implement this.

My own new cryptocurrency project which just launched, Grantcoin, went through this learning curve and will be one of the first altcoins with a fully automated gateway/bridge into Ripple, coming in June. I would be happy to put the SolarCoin team in touch with people who could get the job done for you. But I should also note, it will cost a significant amount of money unless you could find somebody to do it for a SLR grant, which may be a challenge since this is serious development work, much harder than just implementing PoSV or something like that.

Let me know if interested to discuss Ripple bridging.

Too bad you can't use SolarCoin to buy the Powerwall. It costs real money not PoW generated money, well if you can find buyers of PoW generated coin you can buy Powerwalls with it.

Just watched the video can you imagine if he discovered Solarcoin...  And yes he is the chairman of Solar city.   And i believe Nick has some contacts who are very friendly with the Solar city people.