Topic: [SKY] Skycoin Launch Announcement - page 174. (Read 381579 times)

IPO Update:

The IPO may be drawn over a week, instead of being a single day period. The IPO may look like this
- you go to website.
- you put in a skycoin address where coins will go
- you put in a return bitcoin address  where coins that could not participate in IPO will be returned
- you receive a deposit address to send Bitcoins to
- the three addresses will be concatenated, hashed and signed with a special IPO Public key, so that they can be verified
- each day over the week long IPO, the Skycoins will be deposited into your address
- the Bitcoin that did not participate in the IPO will be sent to the return address, minus 0.0001 transaction fee

Privacy
1. The output address and coin amount for each Skycoin address that received coins in the IPO will be published
2. The input and return address will not be published unless the user chooses to publish this information.
3. If you did not receive coins or coins were not refunded, you can publish your signed address tuple and it can be publicly verified

We may do a one day mock IPO with testnet coins, so everyone can see how it works.

Software Update:

The design of Obelisk is finalized. All the pieces come together and its a major milestone for cryptocoins. We believe that Skycoin will be the most secure, most difficult to attack non-mined cryptocoin to date.

Changes:
- there is now list of things for developers to do https://github.com/skycoin/skycoin/wiki/SOFTWARE-DEVELOPERS-CLICK-HERE
- we introduced proof of work and difficulty re targeting to keep block production rate constant. As the network scales from 10 nodes to 100,000 we need to keep the block rate constant and prevent it from growing linearly with the number of nodes. This minimizes the number of decisions and rounds Obelisk needs to converge to network consensus. Proof of work will be used for block minting, but not for block consensus. There will be no reward for block minting. Malicious blocks (blocks with no transactions or few transactions) will be weighted against, to deter abuse. The proof of work is not in the block headers, but occurs at a higher level that wraps the blockchain. This makes it more modular and easy to swap out and modify without causing a hardfork.
- we proved that probability of a block fork under Obelisk approaches 0% exponentially quickly with block depth.
- transaction and block replication in /src/daemon are being abstracted into a library. The emergency messaging system and transaction propagation will use "blob replication". Blockchain and obelisk replication will use "hash chain replication". This will make the system more modular and make improvements to block and transaction propagation easier.
- we are working on builds for testnet client. Obelisk is not implemented yet, but you will be able to run client and send coins around and hunt for bugs
- There is a massive refactor going on. Replication functionality  in /src/daemon is being moved into /src/sync. /src/visor functionality is being moved into /src/blockchain and the top level of Skycoin is being moved, to make changes required for Obelisk integration.
- /src/coin and the cryptography libraries are "done".  The changes to this part of program will be minimal going forward.
- we are finalizing the JSON RPC for exchanges and wallets

source is out on github, can someone super well respected like tacotime read it through and chime in for those that are not cryptographically literate?

The developer is working on releasing a prototype of the product, right before the IPO. This is taking some time.
This is in the best interest of investors as we will get to see capabilities of the product before investing in it. Otherwise we will be investing based on just a piece of text.

When will ipo start？ thanks！

 

When will ipo start？ thanks！

http://arstechnica.com/information-technology/2014/02/cellulars-open-source-future-is-latched-to-tallest-tree-in-the-village/

Open source tech currently providing a remote jungle village with its own mobile telecommunications network could reshape the industry for those who have been underserved or overcharged by traditional phone carriers


that's the kind of wording we need for this project

Interested and watching 

Interested!

You'll have to buy them for solid bitcoin.  Enough to ask stupid questions, just give us bitcoin, and we create any trashcoin that you want.

Has there been a broadcast announcement to this address since roughly Feb. 16?  I haven't seen one.  If not, it seems a bit odd to suggest this communication channel but then limit your updates to this forum thread.

You'd have to be an idiot to invest in the IPO as it was last stated. Just putting that out there again.

Someone just released another skycoin. They are calling it Sky net-coin, but coin states Skycoin. Expect confusion.

https://bitcointalksearch.org/topic/namechange-snc-sky-netcoin-cancelled-ambiguous-492014

Just wait ?

Very interesting.
In first post only
But I can't find how I can get some coins? Please, help!!!

I hope the IPO terms have been rechanged since that draft.  1% presale and a huge valuation at launch has been done with other coins and they went nowhere.

The IPO is done?

Both of your links go to the "dead" skycoin.

BTW you better have another name for coin. Because one Skycoin [SYC] is already dead and another Skycoin  [SKY] was announced today

any estimate on the IPO date ?