Topic: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh) - page 301. (Read 466822 times)

I got into Solarcoin after listening to the interviews on Lets Talk Bitcoin. I wonder if John would be interested in another interview. It has been a few months and he always wants to follow up with his guests. That would be great advertising during this phase of development with the coin.

I agree with you 100% that for a crypto project to attract and retain talent, people must be paid fairly for their work. And not just developers, but also executive management, marketing and communications personnel, etc.

Up until now, the SolarCoin project has been built almost entirely by volunteers, with occasional paid contract work to supplement the work of the volunteers. The fact that so much has been able to be done purely on a volunteer basis is a testament to the passion with which many of us believe in the idea of SolarCoin -- and shows the strength and amazing potential of this currency if we acquire funding to pay people to work on the team.

I believe the volunteer-based model will have to be adjusted as time goes on. I have had in-depth discussions with the founders of SolarCoin, Nick Gogerty and Joseph Zitoli, about organizational development plans. At this time, the thinking is to incorporate as a startup company and raise venture capital to help fund the project. Nick has some connections in the VC world. There might also be a SolarCoin 501(c)(3) nonprofit organization which could raise tax-deductible donations, pursue grant funding from charitable foundations that care about renewable energy and the environment, etc. However, nothing has yet been decided about exactly how or when to move forward with the organizational structure and raise funds. Nick and Joe will make these decisions, hopefully in the next few months. I'm sure they will be interested to hear input from the community about these issues.

Edit: I forgot to mention, there is also a SLR budget of up to 5% of SolarCoins in circulation, which comes out of the Genesis Pool held in reserve. Currently, that budget would be about §1.5 million. At the current price of SolarCoin, that would be worth about $6,000. But if the price goes up a lot, as we expect it to during/after the switch to PoS, then there will be a significant budget available for paying developers and other team members. The allocation of these SLR funds has not been determined yet.


The SolarCoin team, as well as the developers from Cannacoin whom we're working with, believe that BlackCoin's Proof-of-Stake v. 2.0 is a good system which we should implement, and that's the plan to go forward. The majority of the work to implement this solution is already done. We decided on this plan because BlackCoin is on the cutting edge of improving the PoS method for securing the network. And as for PoW vs. PoS in general, PoW doesn't make sense as a long-term methodology for SolarCoin because our currency is all about encouraging clean renewable energy to be created, not for energy to be wasted via the energy-intensive mining process.

Here's an excerpt from an article about BlackCoin PoS v. 2.0 which explains some of its advantages over the older type of PoS (emphasis added):


Source: http://www.dailyblackcoin.com/blackcoins-proof-stake-2-0/

Thank you for sharing your thoughts and opinions!

If Solarcoin is going to work, the developers have to get paid.

If developers do not get paid, the good ones move one to things that do pay. The biggest problem in the cryptocoin world right now is that a smart kid that understands C++ and crypto (and how to properly build addnode lists into the client) can make way more money doing a new coin-of-the week, or work for an established exchange or maybe an cryptocoin trader.

I would like to see something public from the foundation on what the long-term plans to pay some developers are, and how that is going to be a living wage, competitive with what smart people can make writing crypto code for the 'gray' market, or for new IPO-style efforts like Ethereum. Something like https://www.ethereum.org/pdfs/Ethereum-Dev-Plan-preview.pdf might be appropriate for the solarcoin non-profit board to create.

Now until that time, I am interested in the code, and please join #solarcoin-dev if you would like to discuss the code.

There are serious fundamental problems with proof-of-stake and I have not seen any clear discussion (or code) of how those might be avoided. Some background reading (again from the very smart and well-funded Vitalik of Etherium)
https://blog.ethereum.org/2014/07/05/stake/
https://blog.ethereum.org/2014/01/15/slasher-a-punitive-proof-of-stake-algorithm/

It's great that we have some new excitement, but someone has to make some constructive criticism, or the gray and black markets will happily take all your money and not say anything.

Very interesting, it certainly did caught the attention of a few investors today. I got in around 850-900.

No, just the pennies you save by only doing 30mph at the very end of freeway onramps because you can not seem to comprehend the function of your gas pedal.

It's certainly a bullish looking chart from a technical analysis perspective.

The new developments driving the price action are the upcoming block reward reduction and then the switch to Proof of Stake. The block reward reduction will start at block 310,000 which will be hit in only a few days from now. Block rewards will gradually fall from 100 to 1 SLR per block over a period of 33 days. After that, mining will end and the coin will switch to PoS with a 1% annual interest rate for staked wallets. The PoS version of SolarCoin will use BlackCoin's updated codebase.

These are big and exciting changes. New coins being produced will fall dramatically, so the price should logically rise as SLR becomes scarce. This also means that SolarCoin will be focusing more on our mission, to provide a financial reward for generating solar electricity, since that will be the only way to get SLR other than buying coins on the exchanges and/or staking your wallet. The shift from PoW to PoS and "solar proof of generation" will also mean the coin will become more attractive to solar energy companies. We foresee developing relationships with such companies in the future.

Interesting to see the price activity in SLR SolarCoin in a time when we see a lot of important crypto bottoming/rebounding (DRK, DOGE, VRC, BC, etc.)

What are the new developments? I see that this coin exist since a few months and it is still surviving good!

Nice new home for solarcoin looks good.

It's one of only a few altcoins with a real-world mission and purpose. For that reason, yes, I think it'll be one of the long-term winners after most alts are dead and gone.

Yes, this should work for anyone with a Windows machine.

As for the Mac wallet, we're still looking into the issue there. Hopefully will have an update on that soon.

I would suggest making a file "solarcoin.conf" and putting it in the C:\Users\"user"\Appdata\Roaming\SolarCoin folder with the nodes listed on the front page.

Hurray for front page!!!  Go Solarcoin.  I started on the Crypto scene before Solarcoin.  I've seen SO SO SO many coins come and go...  And some that were worth something at one time...  SLR isn't going to disappear like the rest...

SLR is here to stay!!!

BTC headed south, while SLR is headed north. 

Yeah me and SolarCoin came onto the crypto scene almost at the exact same time.  Was the first coin I mined and the first coin I invested in, I think it was the first coin I researched on as well.  Knew immediately I wanted me some SLR:-)

BTW - That's a sweet little ride you got there man!!

My wife and I had a fairly large solar system put on our house this year and the installer came to the house with a small Toyota that was covered in solar panel decals......looked pretty cool actually but yours are real:-)  Haven't seen functioning panels on a car before, thanks for sharing the pics man......really cool!

You know, you make a good point! So I'm going to list as many people as I can think of off the top of my head from the other thread. Then new folks to SolarCoin can have an easy reference to individuals who have been solid and loyal supporters/volunteers to the SolarCoin mission for a while, many even from the beginning. Each of these people did their research and were thoughtful about their decision to support SolarCoin, they aren't here on a whim. So treat them with respect, they have done their homework and a coin like this one requires research because it is truly a worthy investment. They know their stuff!!! These people are the founders as far as I'm concerned. Joe and Nick are the creators and now we are the ones who get to light it up.

To the Sun!

Now the list (in no particular order):

corather
Vipgelsi
LuckyKey
freebird - the symbol §? His idea
terciops
IMJim
passionsurf
drizzle
seerhaad
sylph
fabula
rockrabbit
jepistons (where has he been??? )
djchoppa
eLBee
kikeda
lfloorwalker
ninjaboon
chapmanjw
ddirt
braxx
romang
mackattack
mannie
ghost.trader  
pikuchato
deathmul
brightlight
mazzaneo
zzojar
themeco
desil
vitarian
bgmc
redwhite037
ubi4doges - coined the phrase "To the Sun!" here first
biodieselchris
DerErsteMensch
Goattrading
nuketeacher
Tachyon2032
Nick70001
danel
Crypto Trader
grandpa
Cannacoin team (our developers)


I'm sure I'm forgetting many, many more. Please mention anyone I have missed so I can add them to the list, this way all of them get a mention on the first page!

Edit: Ha! I forgot myself!   I used to go by Vexatious but then changed my name. I swear to god I feel like a damn convert or something over the past few months. It's like some bizarre enlightenment is taking place and I'm feeling really good and free or something. Liberated even.   Then again, maybe I'm just smoking too much pot, that could be it too.  

I just want to be on the first page 

Solarcoin