Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 30. (Read 466822 times)

Nice explanation about current situation. Those who believe the future of SLR will stay. I believe.

The price was largely inflated the last few days due to expectation that Solarcoin was going to be the next Palm Beach Confidential coin pick of the month, which is essentially a recommendation by one guy who thinks he knows something that other's don't and charges people $3000 a year to join his website for this privileged info (just a statement of fact, not judgement). Anyway, over the course of the last month, the "hints" that PBC was giving out all pointed toward Solarcoin as being his next pick. And today we found out that he picked Dash instead of Solarcoin. So all of the PBC followers sold their Solarcoin. There really was no other reason for this dump. We still expect the price of Solarcoin to rise in the long term, so most of us continue to hold our stashes, waiting for the $10-20 mark.

nice. I was looking to get in cheaper for the last couple of days. Looks like im going to have to buy myself some more. Cheers

why there is a dump 

some serious P+D going on there

Regardless of PnD, this time SLR got a good public relation.

It is just the PBC PnD guys. Once they are out of play, then the market will stabilize again.

Wow - hope this doesn't hurt the future of this coin too much... Someone is seriously cashing in!

We are almost there now guys - if Teeka pick us up a few hours from now, we will see a couple of bucks for sure We may be the new wealthy elite who knows  

SLR has been over 0.5$ for days. I'm very impressed.
1$ target is within reach. The price will be best marketing.

Don't get me started... LOL

The only thing that makes sense to buy with SLR right now would be older outdated panels that are sitting in warehouses doing nothing but waiting to be recycled or destroyed. It costs these companies more to recycle them safely than sell them. So, why not sell them for SLR for the costs, or 33 and a third percent of the retail price. Or another way would be better by giving a $120 PEG or Whatever the 1MWH Wholesale Costs of Power are per SLR for their Old Panels. The manufacturers lose nothing and gain SLR to be sold when they desire, which could get back the costs and make profit later as people buy SLR to own Panels with. It incentivizes solar from the actual manufacturers. Then it also brings a customer back to the manufacturer when they buy SLR at $1 in order to buy $25,000 worth of Solar Panels and they also get their Claim, which could also go along with buying extra SLR as an investment. Do you think the customer will buy more than the 208 SLR to buy $25,000 in older panels? YES!! Do you think they will tell their friends? OH YEAH! What do you think that does to the price of SLR? It goes up! YEP!

So the manufacturer now can accept 1 to 1 dollars for new Panels with SLR and they accept $120 PEG for old outdated Panels to create buys on the market for their coin they accept for new panels. The old is renewing the market!!

Another way to look at it is also, why do people buy bitcoin? They want to make money, so people will buy SolarCoin to make money and if a Solar manufacturer eventually accepts SLR then they have a market. The only reason why this benefits both parties is due to the Claim as a benefit to the buyer, now this is what could be considered a side market but beneficial to the manufacturer since they can hold a lot of SLR. Now imagine that Bitcoin comes in to buy SLR to then Buy Panels with. Now you can see that Bitcoin could drive this market up and up and up. Larger exponents than what could actually be gained in Bitcoin right now. So all it takes is one Manufacturer to start it off. The waste of energy to own Bitcoin now produces a green market and it will be created by Bitcoin itself.

It doesn't make sense that people buy Bitcoin to then buy SLR to then buy Panels with when they could just go buy panels. So it is kind of a closed loop which is why a PEG would be good for older panels. Then you bring in a reason to buy. Even older panels will produce enough to offset a $208 investment which may later go to $2 or $416 dollar investment which could go to $10 and $2,080 investment for older panels. At any point these buyers can make extra or keep their SLR and claim until $30 to $120 per coin. It could happen overnight if a manufacturer would get creative.

As I understood, I receive SolarCoin as incentive to produce solar energy. Why this coin should have any value, who can use it or buy? (except speculations)

Thanks for the clarification!

OK just a little update on the Palm Beach Confidential topic - it seems that the newsletter is postponed to be released on monday, because of the many leaks on which will be their november pick. So I guess if any action is about to happen we will see it on monday/tuesday.

So any significant increase in circulation only comes with a significant increase in the number of users?
That is genius!

Very good I'm keep holding.

Very good Im sold!

The circulation amount is not that big. Very small amount of total coin have been mined and claimed. actually circulation amount is 37,236,305 SLR according to Coinmarketcap.

Don't put the cart before the horse. There are currently only 37 million SLR in circulation, which is a very small amount. The 98 billion is projected over a 40 year period and the only way we would ever see 98 billion in circulation is if this coin's market value was so high (likely $20+) that it would draw enough attention in the solar power community such that a substantial amount of people started submitting claims for grants. So it's different than with bitcoin, because with bitcoin all you need is only a single user with a single miner to mine all the coins, but with solarcoin, no single user can "mine" or "claim" all the coins. It takes hundreds of thousands, if not millions of users, rather than just one. And when this coin has a hundred thousand users or even a million users or more, then the market price will rise accordingly. In other words, increasing the number of users = increasing the value. So 98 billion seems like a lot, but we will never even get close to that number until the number of users (and thus the value) substantially increases.

I think that was fake news to throw people off.....  they plan on announcing a whole nother coin next week/. 98,034,300,133 Coins is a lot to swallow......  anyone want to put that into perspective?

Believe it or not, this has been great marketing for Solarcoin.