Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 291. (Read 466799 times)

Chart 5 compares the annual percentage change in real (CPI adjusted) average prices of
U.S. Industrial Electricity to gold. Arguably, the greater price stability makes delivered
electricity a more stable store of value than gold; and in addition, electricity delivers a
functional utilitarian market price that drives directly economic activity.

The goal of a DeKo-backed currency is long term stability in the asset base, so that the
issued currency acts both as a store of value and as utility value. A store of value from a
citizen’s perspective is best measured in purchasing power. Purchasing power is the
number of goods/services that can be purchased with a unit of currency. Another way of
measuring value is utility value, which in economics is a measure of relative satisfaction.

The DeKo-backed currency forward asset value has two components: 1) the cost of
producing delivered kilowatt hours relative to substitute offers and 2) the utility value of
the delivered kilowatt hours. The dynamics of changes in electricity cost are driven by
technology improvements, innovations and fuel costs. The future utility value of kilowatt
hours delivered is a function of competing electrical suppliers and innovations related to
consumption value.

Electricity prices vary broadly depending on location, time of day, and other peak
demand related issues. These price fluctuations and variances are related to short term
localized geographic spikes. Localized electricity price variances are dealt with by
contracts using standardized terms for delivery and settlement over longer periods, similar
to how PPAs function today.

The historical price of electricity in real dollars has been fairly stable; while the social
utility has improved as electricity based innovations provide added value for consumers.
The yield or output of a debt-backed currency is more currency. In debt-backed currency
regimes, the purchasing power of the currency tends to decline over time due to inflation.
Inflation means the assets backing a debt-based currency have annual interest payments
and future principal repayments with a declining utility value.
 
From a monetary policy standpoint in the U.S., inflation adjusted electricity prices peaked
at the same time that a strong interest rate policy was being used to shrink inflation during
the Volker period at the Federal Reserve. The cost increases in real electricity rates
would have acted as a signal, if not an actual curb, on money issuance of a DeKo-backed
currency during the late 1970’s and early 1980’s (See Chart 6).

Very good to see this! People must want this coin badly, knowing that it's going to be harder and harder to get as the mining reward decreases.

Very good to see this! People must want this coin badly, knowing that it's going to be harder and harder to get as the mining reward decreases.

10 GHs! 

Just saw that crazy.

10 GHs! 

When you are connected to the network and running the QT wallet, you are then effectively acting as a node.  A node is simply a replay point in the network, you will act as a router for other peers by providing a list of IP's of your known peers as well as relay (or vice versa download) new block/transactions information so everyone can stay sync'd.

So is there any progress or work on getting this coin to solar companies? I guess who's in charge, is there team of people working actively on this coin, or is it passive?

New to this coin, and invested some, but would like to see if there is a roadmap, or plans that are active, and updated often in place?

When we are on PoS could you please post a guide on how to run a node?

Regarding the "coinage" for stake. In the PoS 2.0 model this "coinage" has been removed from the staking equation and it now has been reduced to an 8 hour buffer period from which you receive your coins that you will start to stake... so if I sent you coins today, in 8 hours from you receiving them they are eligible for staking.  This is one of the advantages to PoS2.0 as now people are not encouraged to hoard coins for 30 day minimum in order to receive a staking reward.  Also, in order to stake a user MUST be connected and running node, otherwise your coins are not eligible for the staking pool.  While you are connected it is possible to encrypt your wallet and ONLY unlock it for staking purposes.  

I think you have to have the wallet open in order to generate new coins. If this is the case we will need instruction now as to whether we need to send the coins to a new wallet. They need to mature for 30 days don't forget.

I could be totally wrong, but my understanding of PoS was that coins are mined automatically on the network, then transferred to your wallet address at regular intervals. This should occur whether or not your wallet is actually running on your computer. Does this sound correct?