Author Topic: Solarcoin switch PoST has been problematic. Should they go to Graphene?  (Read 1113 times)

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Offline luckybit

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Solarcoin is actually a great idea, but there needs to be more use of technology. Graphene or even Ethereum could probably do certain aspects of Solarcoin better.

I took it to the Solarcoin forums: |


Maybe Solarcoin should consider switching to Graphene if PoST isn't good enough?

Also someone mentioned that it is necessary to trust humans in a foundation? Is that going to be automated out? I would think Ethereum smart contracts could minimize trust quite a bit.

I understand PoST was in theory supposed to be easier to implement than the other choices but from the looks of it the community seems to not know what they want.

If there is some sort of rounding or parameter error then it's not a flaw in PoST. If there is a cap on 10% interest or not then is it going to make a difference in the long term? The only way Solarcoin will have value is if people accept it or work to earn it. Of course people who have solar panels can claim it and that can give it value too but it's not going to have real value unless there are some exclusive things people can buy with only Solarcoins, and enough of a community willing to work for Solarcoins.

Why not take full advantage of the technology and tactics like smart contracts, sharedrops and other mechanisms to bring value to Solarcoin holders so that people want to hold Solarcoins? Otherwise it's going to be a long time before Solarcoin gains value and the speculation on the price of Solarcoins in 2015 isn't going to matter if in the end it has to be upward to $20 each. I would be surprised if it even could get to 25 cents in the next few years unless there is a plan.

https://bitshares.org/technology/
https://www.ethereum.org/

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Offline luckybit

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https://bitcointalk.org/index.php?topic=785257.1820

Maybe they don't know the feature set of graphene? Or maybe it's just not so easy for them to switch?

PoST is actually pretty good, much better than Proof of Work, and a lot more simple to implement than graphene, but graphene probably has better features all the way around.

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