Re: [ANN][SLR] SolarCoin | PoW to PoS v. 2.0 | Solar Proof of Generation (§1 = 1MWh)

The only thing that keeps me from investing in this coin is the shitload of coins that is called 'total supply'. 98B? Really? Can someone give me 1 good reason why to buy? Price will keep going down when they release all the coins right?

Coins are released over time with claims, there's a 40 year timetable that we're about 3 years in right now.

The increase of circulation of coin is tied to increase of claimants. Growing network is source of value. There are people who called Solarcoin SCAM 3 years ago for the amount for premine. Do your own research.

...plus to further emphasize and clarify, that an increase of claimants = increase in value, thus as more coins are added to circulation, then the value of this coin actually increases (due to increasing number of users). This is vastly different than with bitcoin or litecoin because with these coins, it only takes a single user to mine/release ALL of the coins into circulation. But with solarcoin, the coins will only be substantially released when there is a substantial increase in the number of users, thus value inherently increases along with the increasing circulation. In other words, the only way we will ever see 98 billion SLR actually in circulation is if there are more users of Solarcoin then there are current users of bitcoin. And can you imagine what the SLR price might be by that point?

It goes so much further too. Just realize the power usage of Bitcoin vs power creation at 98B is staggering! Bitcoin drains power, Solarcoin helps generate power. Bitcoin controls Solarcoin but when Bitcoin becomes too controlled and centralized there are Alt coins ready to take its place. What if all Bitcoin flowed into one alt coin. Would be massive price adjustment. The profit taking would be astounding and could flow back into Bitcoin but if it stabilizes and stays in Solarcoin then it incentivizes Solar and gets people involved in Crypto and can sustain themselves off grid. Just by doing what they would normally do off grid but now linked to the Blockchain through Solarcoin.

If people took all the hardware they purchased to mine Bitcoin and had invested in Solar I think the entire world would be powered by the sun by now. lol

So now realize that the only way to really make money now in Bitcoin is Alt coins and you get in on the ground floor. What are you going to do buy more Bitcoin and wait for it to double? If you just got into Crypto you now are in a precarious position. Buy 1 Bitcoin at $8000 you must sell at $9000 and wait for it to go back to $8000 to rebuy. Then it goes to 10,000 instead. Maybe you held till 10,000. When will you sell? Wait for 20K? How is that going to work out if you just hold on to the coin? Maybe it goes up to a million just don't sell any time soon. But now with Solarcoin you back a network and get the chance to grow exponentially. If every holder of Bitcoin invested they would see how powerful alts can be, then they may not need to go back to Bitcoin.

The speculative flows of crypto as so insane and fast now. Yesterday I literally was doing a report and soldering, then I looked back at PIVX and the price moved 70-80% in about 1 hour. These PnD flows are very quick.
I think it might only get worse in the short term? What's your opinion on it cryptoNick?

Many thanks!
Yours in the sun!
-lfloorwalker

It will only get worse and larger swings. To sustain the marketcap of Bitcoin while allowing people to cash out created a crazy disparity of positions where some exit now others must hold long and hedge like mad when the large swing comes along. Funny how it is now at 10K and I wrote this a few days ago. Seems like the profits made from these swings are used to pump the BTC market.

It was great for merchants that accepted Bitcoin initially but those just getting in may hesitate to accept due to their costs of good and profits being eroded in an afternoon possibly. A business can't sustain this volatility unless they can also go long and have the reserves, or they have enough volume at each level to balance out. It is very finicky since you may have more volume at the higher levels than lower also. People hold for profit then spend for leverage.

BTC is now meant for storing value now at $10 per transaction. No way to buy a cup of coffee. So Alts will have their place always...

The MarketCap seems way too high for its useage right now. Can industry use Bitcoin to buy raw materials? I guess they could profit from it and buy sure. But most are locked into distro channels of Fiat. So how is this type of MarketCap even feasible? The Power consumption? ASIC Mining expenditure? Now on the other hand if the powers that be would just place their Bitcoin in a wall on the exchanges at 10K the market could stabilize and PEG. They could swing with inflation or smaller margins to make Bitcoin more like a currency. Then the math is easier too lol. The price could glide up then at a decent tick and mimic an excellent CD. Although this is possibly what is planned for when BTC is at 100K. It is going to be a crazy ride! Lets hope it is SLR powered by then!

Really good insights here!