Solarcoin needs progress. The Foundation needs to incorporate and move on things. The coins development efforts can happen in parallel. Solidify the plan, plot the next steps, and take action!
I encourage you to get in touch with the founders, Nick Gogerty and Joe Zitoli, and express your views about the need for progress on organizational development and planning. They are the ones who read the comments posted in this contact form:
http://solarcoin.org/volunteer/I've been pushing for incorporation for months now. Maybe more people need to add their voices and push for it. In the same way that community input was key in the decision to switch to Proof of Stake, community input could persuade Nick and Joe of the need to move forward with creating an official legal existence and structure for the Foundation and a well-written business plan document outlining the next steps for SolarCoin to grow and succeed.
Thanks for supporting SolarCoin and for raising issues you believe are important for its success.
Hi Freebird,
What do you feel is the reason that incorporation is so important for the immediate future. Is it that it gives credibility to the whole project or is it something else?
Thanks
1. It's a lot easier to raise money for an incorporated business or nonprofit than for an unincorporated project, and I believe any successful startup requires funding.
2. Incorporation would make it possible to legally transfer ownership of the generator pool reserve to an organization, which would follow written policies to ensure security of those coins and would free the founders from any potential legal liability as individuals if something were to go wrong.
3. I think the community should have more input into decision making. This could be formalized through written bylaws for an incorporated organization. We could have membership and members could cast votes on important issues through the SLR blockchain.
A big part of my professional background is in early-stage nonprofits -- helping to establish and manage them. So my bias is that the SolarCoin Foundation should become an incorporated 501(c)(3) tax-exempt nonprofit and promote itself as a type of environmental charity. Other people's opinions may be different. Another viable alternative would be to incorporate SolarCoin as a business and pursue venture capital investment.
It's a bit of a catch 22 really isn't it. I pretty much agree with all your points regarding incorporation but the flip side of that is that you lose a majority of the decentralization and become succeptable to rules and regulations. What if the government decided solarcoin was a pain in the ass and decided to find a bullshit reason to seize the remaining solarcoin in cold storage. The directors would need to comply or face prison charges. With banking interests threatened it could happen don't you thing. I guess the bottom line is... With a corporation running things then there is people who are accountable to government and banking interests.
However!... If the pre generated solarcoin are out of the control of any people or person and function independently through Ethereum or another platform with grants offered automatically through certain technologies applied directly to the panels themselves (as has been discussed before) then there is no one to hold accountable.
The fact they are stored in 'hands' is bad enough. Theft or simple human error could end the whole thing in an instant. the sooner we can get the pre generated coins automated and secure the better I think.
I agree wholeheartedly. I prefer the path of decentralized contracting over some centralized organization being in control, whether it's for-profit or not-for-profit is irrelevant to me, it's still centralized. How to proceed is an important question and it seems there is still some disagreement on that. Eric has his philosophical point of view which is different from mine (and that's ok
) and Nick and Joe are still theorizing about it apparently. So that's one problem that needs to be solved first before deciding on an action plan to solve the second big problem, automating the generator grants in an open and decentralized manner. It's a catch-22. If one is comfortable letting the process take place naturally rather than forcing it without careful consideration, then it takes time and patience. Greed has no place in such an environment, yet it continues to rear its ugly head causing anger and frustration.
I try to take a step back every now and then to realign myself with why I am even here promoting this fabulous idea. And my motivation has nothing to do with getting rich, I'm here because I think this is just one part of the solution to the bigger problem of climate change and the future of humanity in general. I want to see a currency like this be the standard for a better world in the future, it makes the most economic sense in my view given the parity to 1 MWh of energy. Would I like to see this future value reflected in price now? Um, yeah, I'm not a complete tard!
But getting hung up on price because you want to make a quick buck is absolutely the wrong reason to be here. Anyone who has those kinds of expectations is likely going to be disappointed, it's the nature of things. At the same time, I recognize that it's incredibly difficult for most people to keep their expectations in check. I have to work on it everyday...
