Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 272. (Read 466822 times)

I can't stop myself, I'm on a roll so one more post! 



There is a new dynamic that I'm convinced most people aren't fully conceptualizing right now. So I'll lay it out one more time, if the Dude can figure this stuff out then I'm pretty confidant we all can too.

The miners have left the building!!! Let me repeat in case you missed it: THE MINERS HAVE LEFT THE BUILDING!!! All this time, for months and months, we were getting a bargain basement price thanks to them. They mined and dumped, and mined and dumped, and mined and dumped, for MONTHS! We got used to cheap prices, and rightly so. However, this is no longer the environment we are in. As such, all of those people with all of those low ball bids need to give their heads a shake and ask themselves a serious question:

Is the current market price at a level at which I still want to buy?

If yes, then move the price up. The likelihood of you getting filled at those bargain basement prices now is substantially lower than it was just a few short weeks ago. I won't say non-existant but drastically reduced. The sellers now are not motivated for a quick buck like the miners were and barring some catastrophic event, the risk profile for SolarCoin is still the same, actually improved, since the time you placed those bids in the first place. So you must reconsider the level at which you are willing to buy.

If no, then for the love of all that is good and divine, please take your precious bitcoins and go put them to work somewhere you think they can be useful. Your bids are likely never to get filled, so your money is just sitting there doing nothing.

And with that, I am outta here! I know what you're all thinking though, as the Dude so aptly stated: "Yeah, well, you know, that’s just, like, your opinion, man." 

Mazz, it's the truth of the current stage of altcoins.  I read a post somewhere a while back about the "altcoin meltdown".  I was a skeptic, now I am a believer...  It's happening right now.  Too many negative events, new users losing money...  The trust factor has been lost.  Pump n dump groups soon won't have anything to pump which in the long term will be good for altcoins.  Maybe once the pump groups are gone, we can actually see real growth in the real projects, but until then, it's a dark time.

Interesting take... Thanks for that

Well it's not really price manipulation right now.

We are in a meltdown trend thanks to all the scams of Altcoins.  

Mintpal bankruptcy after the wonderful Mt Gox scandal...  Poloniex exchange DDoS attacks and also several instances of lost coins.  Bittrex selling scam ICO/ITO offerings...  Bots...  Pump n dump groups...  The list keeps going on and on and on...

Dan Metcalf - highly respected cryptocurrency programmer was accused of some pretty hefty things and after reading through all the info, it could quite possibly be legitimate.

Either way after all these downward spiral events, we are at the turning point where people are no longer trusting altcoins due to the greedy few that have truly screwed the system...

There is a long road ahead for Bitcoin, but an even longer road ahead for altcoins.  You can see the crash happening, looking at every altcoin.  Volume is gone, price is gone, and the downward trend will continue...  For how long, who knows.

The few good coins that are legitimate and have a good community, like solarcoin, will survive the storm, but the scar in the system will remain...

The future of altcoins is a giant black cloud right now....  I will continue holding, as I believe SLR will carry on, but in the near future, it's going to be a roller coaster of a ride...

The ABE source was refactored to make it cleaner and more in line with an MVM model.

OK, one more post and then I promise to zip it for a while! 

I'm not the best person to pay attention to when it comes to "price" because I am of the opinion that anything less than 5000 sats at this stage is a steal. If I had the money, I'd buy it all the way up to there because that's where I personally think it should be. So... take everything I say with a grain of salt because I am absolutely biased in my position regarding the future of SolarCoin.

The market will ultimately decide as a whole. All we can do is keep taking the steps necessary to grow the network of users.

I love LuckyKey's suggestion regarding a flyer and gifts through a website. If there were a flyer, I'd print a pile off and go visit the local solar installers and see if I could get them to send them out to their clients. In my Province, you don't see solar anywhere which is a frustration in and of itself. If there were, I'd happily pop flyers into people's mailboxes!  So for me, the only real way to grow locally would be to take something like that to the installers themselves, explain to them what SolarCoin is, maybe offer them a gift of 10,000 to play with if they were interested and watch what happens. It seems that's all most any of us can do at this point to spread the word to a wider audience that is our target market.

I think this approach will be easier once PoS is implemented because then we can add in the benefits of earning small amounts of interest on their coins if they keep the wallet open and staking. This is the kind of idea most people not involved in crypto can relate to. I have a plan in place already to meet with a Chief of a First Nations reserve here in the Province so I can present a "big idea" kind of project for them but I have been holding off until PoS is in place to make my job a little easier.

We can all come up with ideas to grow the network that fit within our own particular circumstances. That's what makes this fun! 

Actually it looks like he is using the stack to push the sell bots lower, maybe just trying to get in at a better price! 

I gotta get me some bots... They look like a lot of fun, but they're not real bright are they? 

My first thought was "why would someone not want the price to go up?" Rather than apply some negative intention to them, I started to think of other options. Perhaps they are simply using their stack in a low volume environment to manipulate the bots in order to make trade profits? When that 33,000 wall went up last night a 10,000 bid was posted at the same time 1 satoshi lower. That bid got filled at 2799 (the high) so if he can manipulate the bots to lower prices and stays on the offer side with a wall, he will have essentially made money from the sale of the 10,000 when people start taking out the wall at lower prices and he buys back other offers at lower prices. It's a big risk though if someone comes along and takes out his big wall... If he was being truly nefarious, he'd have sold all the way down to 1300.   But that wasn't the choice, so maybe that's all this is? A short seller?

I've decided not to freak out about it and appreciate the fact that he is actively offering lower prices for new investors to get in. I may not be personally in line with his particular trading strategy but it's all part of the SolarCoin journey we're on together, why not make the most of it? Buy up his sell wall, afford him a little profit and continue the path upward with all of the little bumps in the road that come with it.  

So we're dealing with the price manipulation... again!

I wonder who if it's our ghost?

V2 is actually not a wallet version. That means that Solarcoin will have transition to PoS version V2. (POSV from RDD coin).

The current wallet version is V1.5.

Click under search results on the clickable transaction link. I don't know why you need to go the extra step, but if it can find your trans. it'll be there.

btw the explorer @ http://blockexplorer.solarcoin.org/ has been hacked. upon checking a transation, it just returns:

"We hacked Abe. A lot."

HI we added Solar coin to Cryptex,
https://cryptex.biz/market/116

but now we are not sure if we on the correct version

this thread title says v2, however the download link is v1.5,
and the github link https://github.com/solarcoin/solarcoin/tree/reward-reduction  diddnt compile, some currupt file errors.
But we were able to compile the root source @ https://github.com/solarcoin/solarcoin/ which was  [version] => 1050000

Upon testing, were able to mine 5 blocks on the v1.5 QT, while 25 were orphans, however we successfully deposited those 5 to the daemon at Cryptex.


we are up to the same block as http://blockexplorer.solarcoin.org/
 

Is it just me or is anyone else having fun watching the bots, trying to figure out how they "think"? hehe They're bouncin' around all over the place sometimes!

We're back on the "profitable" list at CoinMine.pw  Difficulty is up but it looks like the bots can handle any dumping that comes along. 

To be honest i would rather have the staking rate even lower to help with inflation.

Eric,

thank you for all you have done and contributed. I have no doubt your skills and passion will be a great addition to your future project and team. I am happy to know you will keep an eye on SolarCoin.  Please don't hesitate to reach out with ideas, thoughts and criticisms that can make the project better, more open and more effective in fulfilling the mission of incentivizing solar energy for the next 40 years.

best,

Nick Gogerty

That's correct.  Coins put into cold storage will not stake, although they do accumulate coin-age and can be staked.  If they are put into a hot wallet, they would specifically need to be staked in the wallet.  So, I don't think this is a problem.

Exciting times for Solarcoin!