Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto
by
Vexatious
on 10/05/2014, 17:20:31 UTC
Thinking out loud here but it seems to me that if you look at the supply/demand equation over the short term (say 2-3 years), the supply of SLR is incredibly tight as it is coming almost exclusively from mining. Many of the current holders aren't about to sell anytime soon. My small circle have put less than $100 each into this. But what happens if people start to come along who want to invest $1000 or more? Given that our exposure is gaining ground in circles outside of cryptoland where people have that kind of money and are passionate about the environment and energy, it's not outside the realm of possibility that the price could rise dramatically over the short term before settling down to $20-$30 in four to five years as the granting process takes over. And that is most certainly an incentive to adopt solar in the short term since the only viable method left for getting SolarCoins will be to generate solar and claim them. Mining them won't really be an option given the decay/difficulty and if the price spikes early, the incentive will be to earn them rather than buy them.

I'm really curious to see how this all plays out over the next 2-3 years. But we could be looking at a price chart over the next 4-5 years that more resembles viral growth than the standard growth charts most of us are used to looking at. After that, the price would settle into the proper behavioural pattern associated with a currency backed by electricity. I've been scouring the internet looking for something similar to what could happen and this is the best I've come across, just to give a graphical representation of what I'm attempting to describe.



I'd love to hear what you all think about this... Am I cracked???  Or could this actually happen? And if it does happen, is it a good thing or a bad thing for the SolarCoin Foundation mission overall? Obviously it would be a good thing for all of us early investors but I'm more concerned with the impact on the overall goals and mission of the project itself.