Is there any utility for people holding or buying SolarCoin rather than speculative purposes? If I understand correctly, Solarcoin rewards users for the amount of solar generated, which may increase selling pressure. I'm just wondering as someone who doesn't have access to renewable energy what the coins could be used for.
Read my past posts here, there are 33 Million PoW coin also which have effect on the market and I would think those holders have been paid off after the rise and fall last year. Which is why you see the price decline, that kind of profit taking has wiped out the incentive. Any new holders now have to support by hedging out of their positions. But again who would buy when all claims need to sell in order to support their investment in solar. It is the reason why they would claim.
If you could use the coin to buy something it would be different but there is little market. There are other alternatives... It is all in my past posts...
I think a new strategy would be to swap out the 98 Billion and start a new chain. You can pay off the investors and then do a masternode type scenario. This could also be done at the point of origin with a meter on the actual claim. It can't be gamed since the authority is the validator of the claim. You can also use Tokens for the claim which would be used to create the masternode. Could be a great comeback of SLR!
I can't believe I'm saying this, but after years of studying this project I have to side with you in some ways...You make a good point that there are too many coins on the market from the POW phase of SLR, especially when you realize that each household can only claim so many. Someone who buys off a market could hold as many coins as would be generated by a whole city or state.
All this being said, at this point so many people want to make money off crypto and its obvious they will buy anything. In my opinion, at least the REASON each SLR exists make sense, or much more so than the other crap coins out there. People had to capture power to make these even if some were POW'd into existence easier than those who claim.
POW coins may slow down the growth of SLR, but over time those who claim (and those who speculate) will drive the price up and drown out the noise from the start of the project, it just may take a bit longer than some of us expected
HAVE FAITH GO SLR