Topic: [SKY] Skycoin Launch Announcement - page 164. (Read 381579 times)
what will happen if you do not get 50k in the ipo? if you only get 5k what will happen with the left sky coin ?
It's $50000 for 1% coins,right?
Personally, I think you really need an escrow and I recommend escrow.ms. This guy is amazing!
Personally, I think you really need an escrow and I recommend escrow.ms. This guy is amazing!
Personally, I would like to see some sort of escrow, external security audits. Still have no idea who's behind this.
Satoshi was ok. But lots of scammers out there now wanting to get rich quickly.
Satoshi was ok. But lots of scammers out there now wanting to get rich quickly.
It seems there are lots of work to do to get where the devs want. 
Skycoin does have a point about selling too much of the stake as a premine with the other examples cited.
The pumping and dumping is all too real and does affect the price sharply if the big whales decide to exit only for profit. If they do a controlled release, they are able to control the price more favorably.
They are promising to offer bounties for successful implementation of their mesh as well as other things too. Maybe, money used for external audits, etc.
The pumping and dumping is all too real and does affect the price sharply if the big whales decide to exit only for profit. If they do a controlled release, they are able to control the price more favorably.
They are promising to offer bounties for successful implementation of their mesh as well as other things too. Maybe, money used for external audits, etc.
I think it's fair.
All you guys just want 100000% profit and dump the coin and become rich overnight. This is not gonna happen.
Just appreciate the technology and innovative and give as much as you can afford to lose. If you like it later, buy in after launch. Remember, this is going to be a coin that has the concrete development behind it that's launching. They are not doing an IPO for vaporware, the coin is almost done coding and being tweaked and optimized right now.
All you guys just want 100000% profit and dump the coin and become rich overnight. This is not gonna happen.
Just appreciate the technology and innovative and give as much as you can afford to lose. If you like it later, buy in after launch. Remember, this is going to be a coin that has the concrete development behind it that's launching. They are not doing an IPO for vaporware, the coin is almost done coding and being tweaked and optimized right now.
Absolutely. I respect what they're doing and I wish them the best of luck. I just don't like the idea of devs keeping 99% of coins and promise that they'll have only (omg only, really?) 50% after 5 (five) years. I'll probably be dead by then ) Although the price $0.005 per coin is absolutely fine, but I'd rather see them selling 50% coins for $2.5M instead of 1% for $50K.
Skycoin Philosophy:
- complex systems cannot be secure
- simplicity over complexity
- decentralized but pragmatic
- emphasis on usability
- complex systems cannot be secure
- simplicity over complexity
- decentralized but pragmatic
- emphasis on usability
A majority of the Skycoin will be distributed to the user base within the first five years. We learned the mistakes of Ripple and will not repeat them.
The developers will have less than 50% of the total coins at the end of five years.
It's decentralised or it's not...?
+1. I have the same question.
you want 50k BTC for 1% of the coin leading to a 5000000 Marketcap (five-million bitcoins)
or
you want 50k$ in BTC for 1% of the coin leading to 5000000$ Marketcap (five-million USD)
Both sound ridiculous, is there a typo?
or
you want 50k$ in BTC for 1% of the coin leading to 5000000$ Marketcap (five-million USD)
Both sound ridiculous, is there a typo?
just as ridiculous as a 2BTC nas ipo
Skycoin Philosophy:
- complex systems cannot be secure
- simplicity over complexity
- decentralized but pragmatic
- emphasis on usability
- complex systems cannot be secure
- simplicity over complexity
- decentralized but pragmatic
- emphasis on usability
A majority of the Skycoin will be distributed to the user base within the first five years. We learned the mistakes of Ripple and will not repeat them.
The developers will have less than 50% of the total coins at the end of five years.
It's decentralised or it's not...?
I think it's fair.
All you guys just want 100000% profit and dump the coin and become rich overnight. This is not gonna happen.
Just appreciate the technology and innovative and give as much as you can afford to lose. If you like it later, buy in after launch. Remember, this is going to be a coin that has the concrete development behind it that's launching. They are not doing an IPO for vaporware, the coin is almost done coding and being tweaked and optimized right now.
All you guys just want 100000% profit and dump the coin and become rich overnight. This is not gonna happen.
Just appreciate the technology and innovative and give as much as you can afford to lose. If you like it later, buy in after launch. Remember, this is going to be a coin that has the concrete development behind it that's launching. They are not doing an IPO for vaporware, the coin is almost done coding and being tweaked and optimized right now.
The developers will have less than 50% of the total coins at the end of five years.
What a relief
Perfect example of greed ruining a good thing right here.
Read the first page. I was thinking, holy shit this is great. Im putting aside btc in my head at that moment. I was on to the "ok, now lets just make sure I dont get scammed" mode. I was going to invest if I could do it relatively safely.
So I clicked to the last page. This one. And sadly found out that, once again, dev seeing those dollar signs melted someones brain again. Maybe this wont INSTANTLY die, but any meaningful success is gone. Unless you call a PnD a success. SAD!!!!
You really sounded like you were onto something. I usually just move on. But I just had to tell you how dumb you were for screwing up your own plan. A good one for a second too. SO DISAPPOINTED!!!!
Just a little tip. If you make a coin, it wont work if you keep all of it for yourself!!!
"You know you cant please everybody" lol
Enjoy all your coins. LOL
How about, well ok, we were just kidding, were ACTUALLY going to give the coins to the INVESTORS.
This wasn't supposed to be Marinecoin. Or was it. Im mad cause the first page had me excited!!
Read the first page. I was thinking, holy shit this is great. Im putting aside btc in my head at that moment. I was on to the "ok, now lets just make sure I dont get scammed" mode. I was going to invest if I could do it relatively safely.
So I clicked to the last page. This one. And sadly found out that, once again, dev seeing those dollar signs melted someones brain again. Maybe this wont INSTANTLY die, but any meaningful success is gone. Unless you call a PnD a success. SAD!!!!
You really sounded like you were onto something. I usually just move on. But I just had to tell you how dumb you were for screwing up your own plan. A good one for a second too. SO DISAPPOINTED!!!!
Just a little tip. If you make a coin, it wont work if you keep all of it for yourself!!!
"You know you cant please everybody" lol
Enjoy all your coins. LOL
How about, well ok, we were just kidding, were ACTUALLY going to give the coins to the INVESTORS.
This wasn't supposed to be Marinecoin. Or was it. Im mad cause the first page had me excited!!
So it is 99% oft the coin in the hands oft anonymous devs? Ok if this is how it is going to be, than I can't be a part of this. Only a fool would support centralisation in a decentralised environment. Do you know why there is so much hate against ripple? Because of your distribution policy...
We are not keeping 99% of the Coins like Ripple did. The majority of coins will be distributed to the users. The developers will have less than 50% of the total coins at the end of five years.
Whatever we do, it will be as fair as possible. However, there is nothing we can do that will make everyone happy.
Coin IPOs:
Ripple: Create 100 trillion coins, keep 99.9% of them and sell coins at below market price to investors in backdoor deals
Mastercoin: Sell all the coins at once
NXT: Sell all the coins for 9 Bitcoins and close the IPO when the public tries to buy in
Bitcoin: Distribute the coins over 40 years
Dogecoin: Distribute all 100 billion coins within first year and then 10k coins/block to keep people mining
Skycoin: IPO 1% of coins and distribute the majority of the coins to the userbase over time (within five years)
Skycoin is trying a new model.
So it is 99% oft the coin in the hands oft anonymous devs? Ok if this is how it is going to be, than I can't be a part of this. Only a fool would support centralisation in a decentralised environment. Do you know why there is so much hate against ripple? Because of your distribution policy...
1 million coins (1%) will be sold for 50k in Bitcoin.
So from an investors point of view, we'd need to believe in a $5m valuation at launch. That's almost top ten territory, market cap wise.
What's the plan for distributing the remaining 99%?
Maidsafe is raising 6 million dollars at 120 million dollar valuation.
Ethereum is raising 30 million at over a 100 million dollar valuation.
Ripple IPOed at over a 100 million dollar valuation.
Skycoin is IPOing at 5 million dollars and only raising 50k. The IPO is oversubscribed. We are doing the IPO at such a low price so that more people can get coins early.
Reasons for the Structure of the IPO:
The reason a 50k IPO was chosen was because we have experience with previous coins. We know of people who buy up allotments of coin in an IPO, wait until the price goes up 30x and then DUMP the coin, completely destroying the equity of the other coin holders. A coin going from a 1 million to 50 million dollar market cap, with 30% of the IPO participants dumping, needs between 5 and 15 million dollars capital inflow just to maintain the price. Skycoin is not a pump and dump and a smaller IPO reduces the impact of speculator dumping and improve price stability.
A majority of the Skycoin will be distributed to the user base within the first five years. We learned the mistakes of Ripple and will not repeat them.
We believe that distributing all the coins at once, hurts the users who came in later and are committed to a gradual, Bitcoin like distribution. Mastercoins and other coins that did a single large IPO, failed to create an incentive for users who came in after the IPO and there was no financial incentive for later users to adapt the coin.
Coin Distribution:
We are looking at different models for distributing the rest of the coins and we have a few options.
1. Release 0.1% of the coins per day and taper the release rate over time
2. Give coins away as subsidies and incentives for running mesh network nodes (example: $200 subsidy per mesh network node)
3. Hoard all the coins so we feel rich
4. Developer bounties
We like the mesh network node subsidy, because it requires buying hardware (proof of burn), can be verified and increases the value of Skycoin. We are able to verify the geographic location and setup of the nodes, through third parties.
The official policy is to keep Skycoin scarce and to protect and grow the equity of the existing Skycoin equity holders. This means, that we will give out coins for things that may increase the value of Skycoin, but will not give out coins randomly or dilute the existing stakeholders.
The official policy is to promote price stability and gradual appreciation.
Totally disappointed
kind of like what they did with ripple ipo
disappointing after waiting for so long.
That is really disappointing. I've been watching this thread for a loooong time just to find out that you want to sell 1% coins for 50'000 dollars and don't even mention about other 99%. Good luck with your business plan.
You're fucking kiddin? 1% IPO? Seriously?
More studip IPO I only saw once. Actually seeing it right now https://bitcointalksearch.org/topic/ann-btctalkcoin-talk-pure-pos-multipool-ready-airdrop-has-arrived-570750
Those assholes sell 0.5% coins for 0.0005, 0.001 and 0.002 Btc in three stages More of that! It's Bitcointalk coin so they'll send all coins to users for free. I can't imaging how retarded someone should be to invest in such IPO. Not surprisingly they only gathered less than 1 Btc during stages 1 and 2.
But you guys with your 1% for $50K a seriuo candidate for the second studipidity place.
More studip IPO I only saw once. Actually seeing it right now https://bitcointalksearch.org/topic/ann-btctalkcoin-talk-pure-pos-multipool-ready-airdrop-has-arrived-570750
Those assholes sell 0.5% coins for 0.0005, 0.001 and 0.002 Btc in three stages
More of that! It's Bitcointalk coin so they'll send all coins to users for free. I can't imaging how retarded someone should be to invest in such IPO. Not surprisingly they only gathered less than 1 Btc during stages 1 and 2.But you guys with your 1% for $50K a seriuo candidate for the second studipidity place.
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