Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 277. (Read 466799 times)

10k minimum seems more realistic with the current prices; however, if we assume the price is going to over $1, then 1k is more realistic. Maybe the minimum stake can start high with the expectation that it will be lowered sometime in the future?

To become more popular coin, we have to think about new comers not just among us.

If someone is quite new to SLR, who wants to stake, then have to purchase at least 1K (It's depends on)

In addition, people have to keep their coin at least 1K to maintain staking.

To become 1$ currency, we have to control liquidity as well.

I like the idea but make it 10,000

I think it's a good idea but with so many people holding coins I'm generally worried about the liquidity. I don't think many people here will be selling their solarcoin cheap.

How about setting threshold value for PoS staking?

For example, the wallet with minimum 1K SLR will be allowed staking.

This will encourage people to keep their coin at least 1K to stake.

Having less than 1K, people have to buy more to stake.


What do you think about this?

Once again thank you everyone for all the hard work behind the scenes.

Down to 18 per block. The percentage reduction is about to hit the inflection point. Things could get really fun to watch for the next couple of weeks!

Thank you for connecting with us and helping to manifest a great idea for humanity! It's exciting to play a part in the transformation. 

Your support is admirable. Keep spreading the word…it's a difficult journey, but every word of support helps :-)

Someday we'll/you'll look back and say I feel good about fighting the good fight :-)

This is a fabulous specimen of a bitcointalk forum, nice and tidy with great technical discussion. You might be the most respectable group of cryptocoin supporters. Bought some at 400, just bought more at 1080 and about to put more buy orders in.

Just keep fighting for this coin, you guys can make your plans happen! Make manifest 

I think everything's been done right so far. The coin never claims anything more than what it can deliver and when it does deliver its done properly. This alone has kept the fud wolves at bay and set Solarcoin up for future success. Those other 3 points you mentioned I agree with wholeheartedly. But of course things have to be done in succession in order to ensure a smooth transition to the next achievement. Look at it this way, Solarcoin has come a long way already, it has massive appeal in the green community and that's worldwide. New technology is in development outside of the foundations core team which is also encouraging. Someone mentioned releasing some SLR for development which is a great idea, but that can only occur after incorporation.

In short, if anything plan a short term to do list and publish it in the next minutes meeting. Two things have already occurred to stabilize Solarcoin, block reduction and switch to PoS which if I'm not mistaken is completed. Let that gel for a while and watch the system stabilize then go on to incorporation which I believe is still the cornerstone to making this whole thing work. The floodgates will swing wide open with people all over the place coming out of the woodwork once they can run with the Solarcoin foundation in a legally binding manner.

We're using BlackCoin code and that's one of the best PoS systems out there. We chose it carefully because of its superior features.


Well, I've been posting updates here on Bitcointalk and also on Twitter, on a regular basis to keep the community informed. There are also updates posted on the website. Facebook too, I suppose, though I haven't been active over there lately and I think others on the team are the ones who post there.

There are some significant disagreements within the SolarCoin team about what the plan should be and the overall philosophy of this project. Also, we're a small team and we're working very hard, spending many hours behind the scenes to get things done. We've been focusing on doing the things we can all agree on. The other things, we've put them aside for a while.

Probably the SolarCoin team needs some new blood. More volunteers doing work. More opinions and ideas to be shared by new people.

After the switch to Proof of Stake, the SolarCoin project will enter a new phase of development. The way it develops will depend on who steps up to the plate and volunteers to do things, and who pushes for their ideas to be implemented.

I've pushed for 4 things while I've been part of the SolarCoin team:

• Proof of Stake
• nonprofit incorporation
• SLR bounties for volunteers, to incentivize work and accountability
• a plan to encourage business adoption, such as a SLR coupon program

So far, I am 1 for 4. On the other 3 things, maybe other people will have to become involved and push for them.

I agree.

There is no future plan, next step.
Just 'pos' :p

And even the version is not from nova.. Black..
Using time step to generate block..??

No technology of cryto.
No eccomomy model.

Then, what is the value of solar coin??
This coin needs something more clear

Even where is the main notification board??

Bitcointalk?? Twitter ?? facebook ?? Solarcoin.org ??


I think this coin has great potential with clear operation
But it comes like a just other coins.
No clear operation of update, plan, devs

Disappoint

If we assume that the only thing driving the average price of these coins right now (not just this coin but most of the altcoins) is mostly the mining profitability, then once we get to §1 per block, it might not be a bad thing for price if the PoS wallet is delayed. I just did the math for §1/block profitability using NiceHash and the following is the difficulty to price relationship. Keep in mind, for miners with rigs the price would be a bit lower, but not much.

5 diff =>  $0.04
10 diff => $0.07
20 diff => $0.14
100 diff => $0.70

So my question is this, how much of the price in these coins is driven by this relationship, assuming the coin has made it past the first few months and is still strong? And does that mining model apply to SLR now? There have been coins granted but they make up a very small percentage of the coins in circulation right now and until that picks up over the coming months/years, aren't we really just trading like any other coin out there, technically speaking?

As the extra supply gets filtered out like we've seen in the last week with all the dumping, doesn't it stand to reason that the above relationship would then naturally kick in?

I just had this thought as I was working through what things might look like if there is a week or two delay in the PoS wallet. It might not be so bad, right? What am I missing?

I am talking strictly short term here too and I don't want to interrupt the conversation about vision and longer term strategies because that is where the good stuff is. I just wanted to throw it out there and see how my thinking is off. PM if you don't want to discuss here openly.  



EDIT: I just realized that relationship would alter as ASIC scrypt miners get cheaper, so there's that.
EDIT2: Fixed my GHs boob, I meant difficulty.  20 diff is about 1500 MHs Network hash rate. Sorry for the boob!

Since the Foundation was formed, and regular meetings began taking place, I have been expecting more activity/concrete around both solarcoin streams: technology and promotion.

Firstly, let me state that without value the technology is useless…serves no purpose. So, there should be (at least) equal focus on connecting solarcoins to real/tangible value, as there is on the technology itself; if not more.

The universities love real life issues. I'm sure someone in the US could throw out some feelers to some big Environmental Engineering schools to solution the technology problem?  Equally, connecting the good will of the 10's of millions of people that believe in renewable energy and a green planet, to solarcoins as a way to purchase and promote the cause, could be a quest to throw at universities to research. It should, at the very least, be a key item in the Foundation plan, connecting volunteers looking into all the possibilities.

We need a consistent plan/view. If the plan is continually updated, and prioritizes initiatives and volunteer activities, it can grow as volunteers/schools/private industry/etc. come onboard. It can also track/document the efforts and successes.  But, there needs to be a steady focus on the plan, otherwise the entire initiative goes stagnant. It, like the whole effort, can be a living, breathing entity; subject to change where the cause steers it. Ideally, there would be web site updates on the plan and progress weekly, not every 4+ months!  It's not valid anymore to say that cryptography is new and immature…and imagine. It will go where the effort takes it. It needs progress. It needs steady focus.

I'm in Canada and I just took a free online course at Stanford U in Cryptography…it's a real and growing industry, with many tentacles. 

If the foundation was offically non-profit, it may also be an easier road for schools to leverage their research and efforts?

I think you'd receive a better response from these companies if you treated the whole thing as a marketing promotion.
Promo reads.. "Buy a PV system and receive 10 solarcoin free!"
What's a solarcoin the customer asks?
Well it's like Bitcoin , have you heard of that?
Sure...
Well just like Bitcoin the value over time is expected to increase greatly and the cool thing is... You can keep earning them just by generating solar electricity with this PV system you where interested in, who knows... In 2 years time the 10 solarcoin I'm giving you could be worth more than the installation costs!...
Look, take this pamphlet it explains everything for you. (Salesman hands over a flyer with a simple consist easy to understand explanation of Solarcoin and why it is the future).

And the rest as they say.... Is history

I would encourage Joe and Nick to actually supply a number of coins to these companies to run the promo, this will help fuel the solar economy. It definitely qualifies as a marketing campaign and needs to be budgeted.

Yes, but not for much longer. Maybe a couple more weeks.

can this coin be mined still?

I want to encourage everyone who posts in this thread -- especially the big investors -- to reach out to Nick and Joe and begin volunteering for the SolarCoin project. This project belongs in the hands of its investors and passionate supporters. Get in touch with the founders and share your ideas, and offer to help. Ask for a share in the decision-making authority if you have ideas for how you think this project should grow and develop and you're willing to work for the cause. This is how great projects are built. People working together for common goals with incentives for mutual benefit.