Re: [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto
Hold on, hold on... If the price does spike early due to limited supply, that's what will trigger people who already generate solar to start submitting their claims in earnest which will start adding to the supply (coins in circulation). That will keep the price in check from going too high in the short term because many of those claimants will be more inclined to sell or be inclined to accept SLR as payment and get transactions under way.
So exciting to think about all of this! I think we are about to witness something special and unique with SolarCoin.
Many books will be written about it in the future. I might start taking notes now... LOL
So exciting to think about all of this! I think we are about to witness something special and unique with SolarCoin.
Many books will be written about it in the future. I might start taking notes now... LOLNice to see the excitement! :-)
I believe it could also make sense if the solarcoin foundation, being so well represented in the community, approach the photovoltaics companies (manufacturers) to subsidize the coin, to spur investment into their products. Even if a very small percentage of their sales could go to subsidizing the solar coin initiative, it could really add up. If solarcoins hit the $10-$50 range, it would truly initiate growth in the solar power usage, and they would get that small investment back quite easily; and probably be eligible for some corporate tax right-off of the contribution to the solar coin foundation. Why wouldn't the manufacturers collectively provide some incentive? According to the following photovoltaics companies wiki (http://en.wikipedia.org/wiki/List_of_photovoltaics_companies), it appears that the top manufacturing companies have a large % of the market. I would start there
Although, I am not sure how you would go about distributing any $ that were contributed to the solarcoin foundation? How would you go about connecting the $ to the individual coins? Could you have additional coins awarded periodically to those that hold their coins, kinda like a PoS system? Of course you would have to only apply that to the mined coins (not the pre-mined/award coins). Maybe there's an easier way? That would have to take more thought :-)Exciting times for a solid crypto coin, that has a great backing!
Just to clarify;
In the example of using a PoS type reward system, where I said only award to the mined coins, I meant not to award to the coins still in storage (not awarded), as well. The idea was that those that made claims to accumulate coins, as well as those coins that were mined, could benefit from holding their solarcoins from some kind of value created by the $ that could be donated from the manufacturers.