Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 249. (Read 466799 times)

That article is very general. It doesn't delve into the ways that these assets are manipulated with the power of the money they created. A bank that bets against its own CDO created from Accredited AAA rated loans that were fraudulently rated, create money for themselves. Banks that sold out the 401K's of Police and Fire Departments among many others involved with AIG etc. to be backed in Derivatives markets telling people these funds were insured, were considered legitimate banks involved in this creation of money. Usage of Credit Default Swaps to secure against loss as a scheme to also offset the bogus AAA rated loans until the central bank pulls back from the domino effect, causing a Quadrillion dollar call on the derivative market would make it seem like a Billion dollars is chump change. 11 Trillion off the books at the Federal Reserve during the crisis tips the hand of where the real power dwells. Then consider that Congress was blocked to Audit the Fed. Res. when they and the comptroller general should have complete transparency within the Fed Reserve. This is where your so called percentage of money creation took place yet 11 Trillion was underhandedly handed to the banks as a TARP. And we all know that a tarp is used to cover something up. Why would the creation of this type of money even matter anymore. Yet these are the basis of your knowledge and books as inference to what you know about how an economy or monetary supply should evolve from. Where does the money go into this Black Hole of Derivatives created by securitized loans on bad assets? Only further deluged by the separation of the title to a pool of investors who can not change terms of the loans for those properties who just needed to restructure their loans with their BANKS!

How this money is leveraged fraudulently is more important than how it is made by the banks.

This only shows the blaring problem reflected by the fact that SolarCoin (or any other Alt Coin) must accept FIAT for their T-Shirt as if we expect the conundrum should give us all the shirt off its back if all we do is put a logo on it.

That's nice article. BOE does good research especially Haldane. I used to work with some of his peers.  My own concept of money is a bit broader and includes any representation of value, so equities and commercial credit etc. are included, they are just money with unique properties, but all represent value.  more in my book. www.thenatureofvalue.com  A great site on money which is working putting out M4 aggregate figures is http://www.centerforfinancialstability.org/index.php I was on a panel with the CEO a few weeks back. they have some cool historical data along with compelling new aggregates.

working with Dev on final contract issues etc. plans are POSv reddcoin clone.  https://www.reddcoin.com/papers/PoSV_FAQ.pdf I know the delay has people frustrated.  Our original devs couldn't get over a key hurdle involving messaging so we had to start over.   Good news is we should have message support as we do now.  This allows each claimant's data to show up in the blockchain. helping to support the 1MWh = 1 SLR premise.

Well... Here's about money.

"Money creation in the modern economy"
By Michael McLeay, Amar Radia and Ryland Thomas of the Bank’s Monetary Analysis Directorate.
Bank Of England

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf

Cheers!

Sunnyboy just finished POS Proof of Shirt... You should sell Sun Block for Proof of SunBurn

Looks pretty cool Sunnyboy, you need one version with the big logo on the back and a small one on the front though. And V neck or Lower Neck comfort.

Why not accept SolarCoin for the shirts? Ah you have to pay money for them! Why go through the hassle of converting to bitcoin then back to fiat.

Any news on the POS implementation?

Hello All,

My brother has been setting up the SolarCoin apparel for all of us interested in getting our Logo out there. 

Check it out at
teespring.com/solarcoin

or on fb at 
https://www.facebook.com/pages/Solarcoin-Merchandise/946103785400917?fref=photo

Hope you enjoy as much as I did!


Sunnyboy

T-Shirts go for 19.99USD+3.60USD Shipping
Longsleeves go for 21.99 and Jerseys for 29.99

For those who want to try POSV and help out Noblecoin,  please test there client. we are looking at deploying a version of the noblecoins new POS wallet.  Please note NobleCoin uses POS II while we shooting for POSV.
https://bitcointalksearch.org/topic/m.10384580

My understanding of POSV is that the reward is proportional to the stakecoins at an annualized rate of 2%  so if 100 coins are staked and the blocks are targeted for 1 minute then the potential coin reward would be 2%/(365*24*60)=3.8085*10^-8  The coin age would weight the suggested correct solution is calculated as an exponential decay function to minimize hoarding to accumulate age.  I welcome corrections to this thinking. and input on opinions if we should explore POSV v. POS II. My bias is POSV as it is slightly more mature.

Nick

Does anyone know if POSv has the ability to add interest rate per node or per node cluster? Or a self adding or alignment of interest rates according to network characteristics, geographical node clusters or for example to the Sun's input irradiance characterisitics and many other localized variables?
I saw that it was developed for Reddcoin (a social coin) to intrinsically quantify and standardize social interaction. What would be the changes and additions for the SolarCoin POSv?
From what I see the only real two things to change are the v part of POSv (i.e. the equation of degradation over time for the coin holders- linear, exponential...many formulas possible). And also the interest rate.

Maybe also I am totally missing something. 

Thanking you,
-lfloorwalker

refresher on POSv. for those interested.  http://www.reddcoin.com/papers/PoSV.pdf



Nick

Yes there is currently a referrral rewawrd of 10% of the 1st years claim paid to someone who "is identified" or agreed to by the claimant as a referer.  This extra 10% is paid from the genesis pool and doesn't cost the claimant anything.  One businesss model being explored by at least 2 groups we know of is to set up a web wallet and claim site.  The solarcoin foundation will check out the site, and claims filed, if it looks legit will then make the site an authorized claims submittter.  This means claimants won't have to download app and deal with blockchain and other hassles.  Claimants can still claim at solarcoin.org if they wish.  The hope is that by making it easier for those with good marketing and local knowledge to particpate as claim sites, the concept has more reach.

Solarcoin is like airmiles. Every 1 Mhw generated get you 1 Slr for free.  The earned / claimed Solarcoins can purchase what ever others are willing to trade for them, be it FIAT, BTC, Amazing Soy candles, Economics books etc.

Nick

Market Cap is contingent upon the amount of Shares/Coin in Circulation vs the trading price which should equal the value of the company on the books. Since there is no Company Assets involved with SLR, Market Cap is set by what the trades are and does not have a profit loss basis to go by.
So using Market Cap at all on this Graph to figure out if a trade will happen in order to adjust to where you think the price should be in the fact that it is undervalued or overvalued means you may as well flip a coin. The trade may happen but going up or down is why you would want to know if a trade would happen at all.

Send the 20K to my SLR Wallet 8UekydfG2HNccLU485Dtjpx9mhgQfUki3W
Oh and I promise I won't sell them either. I would trade for Solar Panels only...

Isn't the market cap a function of the USD/BTC market? Since BTC has dropped to the $200-level over the last couple months, wouldn't that explain the gap in your graph? Am I missing something?

The only trade i see here is to buy large amounts of solar and hold for over a year for tax purposes and then sell enough to cover your fiat debt one day if it reaches $1 the rest hold on to and live off the dividends...

Hi guys! Well.. usually that's what happens when there are technical details to be taken care of on each and every step of the project, and... they are all here, in this forum - I mean - there is no other place for them to be. And of course, OF COURSE no one else but the individuals actually working on these specifics is, or should be interested, and these details are not even meant for any one else to see and go through reading them - but that's how it is - this is the place where they are being worked through and solved. So yeah, dealing with the tech issues makes you somehow forget about the people who need completely different type of information, and then one can also start to sound arrogant - but that is NOT what it all looks like, that's the truth.

All information needed for claimants to get to know the project and claim their SLR is already out there, on the website, anything that changes there does get mentioned here, too, but again - it's the actual work on the ideas and the details, all of them, which are covered in this forum, so if one makes some statistics on the percentage of tech talk vs. other talk - tech talk naturally prevails at this stage of the project.

So let's go ahead and have fun doing what we are doing best, each and every one of us, and all together.
Thanks!

Very. Except that if I have followed this project for over a year now, close enough to put it in my WALL OF HONOR, and yet I get lost in all the mumbo jumbo, it isn't that I am not part of the target market (that I am, as a home owner in the place with more solar hours per year probably in the entire world), it is that there is no target market.

Think about that for 15 seconds or less.

And, by the way, arrogant attitudes, from the people that represent the project, are a total no-no...

Solar adopters are already used to counter intuitive technology. If you aren't, you aren't part of the target market.

Is that understandable in 15 seconds or less?

I like to have fun. If you choose not to, by all means, up to you. But I choose to believe we are quite capable as human beings to have fun and be serious at the same time... 

What you see is what you get, take it or leave. Rest is BS.

But I thought we are here to promote the spread of usage of solar energy, unless I am mistaken... you seem to want to play games instead....
 ok.

It is a concern to me that ANY individual coming in here, that could be interested in solar energy for his home and could be interested in some kind of beneficial angle of doing so, through solarcoin, will be lost after the first paragraphs of the OP and, if he/she goes on and read the "latest developments" of this project, will actually hate himself/herself for even contemplate the possibility of ever pay the slightest attention to the enormous amount of fluff posted.

Anywhere at all that anyone will get, clearly AND SUCCINTLY explained, 1mgw = 1solarcoin and what in figures that anyone can understand, WILL that mean from day one? Where and how to claim it -perhaps with a little infographic aid-, would also help AND, no doubt, would clarify the bigger picture for every one.

After that, back to the games by all means...