Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)
Well said! Daniobg
Agreed however potential volatility is still too high here, & even though people can claim it will still take a LONG TIME for coin distribution to even out among the public ... the average claimant will get like 5 SLR/yr max, they wont be catching up to even a 5k wallet in their lifetimes, so we know it will take a HUGE amount of claimants to wash out (and add real energy-based value) to all these mined coins since we see many wallets that number well over 100k SLR
BTC is a good parallel, but it is a billion dollar market we don't have so it can correct those issues.. we are trying to get people to see SLR as legitimate first & IMO so long as you have such huge whales there will be issues with people taking this coin seriously from an investment perspective since all it takes is literally ONE person to wake up and hit a sell button to crash the market dramatically..
Even if you could stake, the temptations if an instant pay-day are too great for some
Excellent observations. There is another perception to be realized though. Solar Claimers will not be buying SLR they will either hold their claim and try to stake 5 coins for a pittance or sell the coins. Lets say you have 100,000 claimers with the average 5 SLR a year that is 500,000 sells and the more Claims grow the more Selling. If 1 Million claims occur there are 5 Million coins sold off. The BitCoin leaves the economy now buyers just hold the SLR, what do they do with it? Pump the coin and sell to other buyers (but there's not much buying only selling) or No Pump cuz we don't believe in that activity and buyers just sell back their coin at a loss to low buys. So the price should continue to fall if there is no pump by the large holders of coin. If a large coin holder wanted to pump though it only makes money for other people but doesn't cost the Pumper that much since they are buying their own coin and whatever positions they take out on the way up. They own those coin positions though and have a great hedge. So at some point there will be a pump and the only ones to dump will be the Claimers. So in essence pumping is making more money for the claimers.
The reason why I know that claimers won't be buying SLR is that they can't ever be required to and they have no reason to buy. Only sell it is like picking up free money from the Crypto Community. Even if they had something to buy the merchant still has to sell...