Topic: [SKY] Skycoin Launch Announcement - page 40. (Read 381582 times)

Update:

We have a mobile wallet. Check the github https://github.com/skycoin/skycoin-mobilewallet

We have prototype of skycoin wallet compiled to run in browser. See https://github.com/skycoin/skycoin-cipher-web

We have a new desktop angular wallet, written from scratch. This is already in github, pull and test it out. Its about fifty times faster than the previous wallet. This will be in version 21.

The BBS is behind schedule but is supposed to working against in next two days, then launch.

The ICO was test for backend infrastructure. And will have new OTC infrastructure soon and even allow you to convert between Bitcoin and Skycoin within the wallet (Shapeshift type is in development now).

The third version of the Skywire Miner hardware is done. New PCB board arrived. Assembling the first six units. Then doing the first production run of 300 Skywire Miner kits via factory in Shenzhen.

We are working on Skyledger.net for all of the Skyledger coins (like Skycoin's ERC20 tokens). We have SunCoin doing an ICO right now and will exchange traded in Swiss commodities exchange by April. And we have five other tokens launched on the Skycoin platform already.
- http://solarbankers.com/

We are going to announce an exchange for all of the Skyledger tokens soon.

The Skycoin community size has more than doubled in the past two weeks.

New website will finally explain the components of Skycoin and where it is heading.

Distribution Problem Solved:

After the time lock, the total Skycoin will be ~20 million (not 100 million) and increasing to 30 million, then expanding at 5 million per year for 14 years. Almost 50% of the 20 million has been distributed already.

The coins from 20% to 30% are network incentives and might be distributed over ten years.

The 30% to 100% will be distributed at a max rate of 5 million coins per year, over a minimum period of fourteen years. Yearly dilution is capped at a maximum of 16.66666... percent per year.

People complaining about "devs have bla bla bla" percentage of the coins are complaining about coins that wont exist for +20 years.

The new API changes includes the time lock and will calculate the spendable coins correctly, resolving the problem forever.

We stand triumphant over this gordans knot.

We have enough money for years. Unless we increase the size of the development team by 4x.

We are going to rapidly get to 15% and then 30% distribution, then the rest coins are being time locked to 5% per year additional distribution. The planned distribution period was always at least 20 years.

After the time lock, the total Skycoin will be ~20 million (not 100 million) and increasing to 30 million, then expanding at 5 million per year for 14 years. Almost 50% of the 20 million has been distributed already.

Once we get to 20% distribution, LISK will be complaining about something else. Instead of trying to figure out what Skycoin is even supposed to do. He is comparing the coin to some IoT coin (wtf?).

We still think the Skycoin consensus algorithm is better than both Bitcoin and IOTA, makes better security guarantees and is simple. You cannot even compare them. Once the crypto and networking stack are implemented and its debugged, its flawless. It will run for a thousand years without modification and no one could imagine any improvement worth adding the additional complexity.

We do not see a future for either PoS or PoW based coins, because newer algorithms are vastly simpler, superior and offers instant transaction times instead of hours.

These question are non-constructive.

The only thing that matters is the project goals and how they will be achieved.

Irrational Negativity.

Irrelevant questions.

IOTA is doing DAG. Skycoin is not doing DAG, but a new consensus algorithm to replace PoW/PoS. IOTA and Skycoin are similar but different approaches.

Skycoin does not keep sensor and IoT device data on the blockchain. The Skycoin blockchain is only for transaction data. Everything else is pushed off blockchain with CX, CXO and Skywire.

Skycoin can do DAG later (was designed from the start for this). However, we decided not to do DAG, because it violates one of the core requirements, which is a finite resource upper bound for network operation.

>IOTA has come out now and is operational with everything skycoin planned.

Lol. No.

Wait until you see the new Skycoin website. I do not think you understand the project scope.

IOTAs website says they are doing something in IoT. I dont see what this has to do with Skycoin.

Can anyone give clarity on Skycoin and CoinHours?

Heres my thoughts...

If there was already full distribution then we could say that skycoin would be deflationary, as no one wants to spend it becasue the price maybe going up. Services and products maybe offered by the public on sky but as the price is increasing then people will hold their sky as the products and services will  be cheaper later.

So because of the potential of skycoin being deflationary...

We need a inflationary coin to encourage spending on goods and services offered by nodes on the network or offered digital goods and services.

And this is the role of CoinHours..

Every hour we hold a Skycoin we receive a CoinHour.

So our wallets will always have two balances. Skycoin and Coinhour.

There will be then a market between rate of exchange between the two.

And probably the price differentiating until infinity. over time.

IS this correct?  Any comments.

The trolling is not a problem - if you want a sutainable project there must be time taken to understand distribution. The trolling is no concern. They are legitimate questions but it has been answered quite a bit.

Nevermind Fixed

So, it really has to burn, many currencies the price gets very low. The valuation of the currency depends sometimes on the quantity available in the project

LIKE PROJECT

Jesus Christ, skycoin please burn 70  million coins. This shit will never stop.

If you burn them everybody is happy. Your ICO would get sold out faster, the price would increase and this bullshit trolling would stop.

Incorrect IOTA was distributed through a crowdsale. With a 100% limit. It does not use hardware as a reward mechanism.

That is not exactly correct.

IOTA distributed all 100% of coins.

Has no POS

Has no POW with miners.

Consensus is done as you perform a transaction.

The period is undetermined. It is not a coded distribution because noone has distributed a coin without POS or POW before. Coded distribution only comes in for hardware validation - that is still yet to be determined also.

Yes agreed.

but not so much a distribution period that is undetermined.

But a distribution method, human decision or coded so it is systematic.

The questions don't make any sense. Since there is no rationale in your foundation. Once again you are asking for a distribution period that is clearly been explained as undetermined it cannot be determined because there is no simple solution for distribution without POW and POS - it has to be worked out. I have already told you this weeks ago. If you are uncomfortable with it then that is ok - if you want to work out a core distribution model I would love to hear it - but you cannot since this is a new methodology of distribution.

Yes it is NOT a POW or a POS.

It is a simulated POW, where we get coin hours if we hold Skycoin and we earn Skycoin if we run VPS and nodes etc.

I am not asking it to suit me I am asking for it to be explained.

I cannot deploy it around me as I am not involved with the team.

I am asking why is it not planned to be trustless and coded so that everyone is confident on the process?

It cannot deploy around the World with the tiny volume traded in a small exchange out of New Zealand.

You can view my questions as attacks of which they are not.

I would suggest that if a lot of questions were answered and steps taken to fortify security in the process the ICO and the markets would respond.

I do like what i have read about the tech.

The blockexplorer and the wallet.

Things that make no sense happen all the time. and I feel having the correct data that is clear mitigates this.

The due diligence methodology you are using is comparative. This is not a POS or POW coin.

If you think they will run with funds after 6 years of active development you are welcome to think that - to me it makes no sense.

I understand you want a distribution methodology suited to you. It is not going to happen - we are not deploying around you - we are deploying around the world.

I will ask you as a gentleman to show a bit of respect to the development shown so far.

Yes but anyone can make a github,

Development cycle yes... But github is not an identifier or who people are.

Whats to stop this project getting ICO funds closing down and opening up complete under the name SuperCoin?

Investors have no recourse or event complain or investigation channels..

Where is the developer list showing the team on the Skycoin webpage.

I think you know what i am saying.

Ok this project is different as it is from China and is about 6 years old and seems randomic.

When i ask who gets the ICO money that is not clear.

Who is running this - is not clear.

Why do they keep saying their marketing sucks and their ICOs fail like they are blaming someone else?

Who is they?

Again the main questions on making the finances and the ICO and the coin distribution trustless are just skipped.

They do not want an distribution like Nxt or IOTA ...

Ok that decision was made a long time ago...

So they plan to release by simulated POW to anyone servicing the network and coin hours.

They plan to distribute to projects devs and marketing.

Skycoin is ranked 123 @ $3.85 with total supply of 100,000,000

94,000,000 is seemly stored and this effect any potential buyer right now and all past holders.

This distribution needs to be set in stone and coded into the system.

Their inflation deflation debates do not make any sense.

 Their hording coins until prices rise then release some then release more when prices rise only increases ICO profits for the unknown devs. Now that is fine if all coin holders continue to benefit from the price rise and the technology that is in use.

I do not see any tech yet.

I see price dropping on the markets and that is the reality.

Skycoin has only ever made value in the coin becasue it is based in BTC and it floats when BTC water floats all boats.

Skycoin maximalists have a gun to their head if they cannot answer these simple questions.

If this cannot be discussed then why?

If it cannot be answered then why?

Everytime sky price drops i consider buying but i do the math and there is more value elsewhere in alts.

100,000,000 x $3.85 is a ridiculous price. Especially becasue there is unanswered questions.

After 6 years there is only a web wallet released

Only 6,000,000 coins released

94,000,000 coins held by unknown people.

So there is no possible accountability.

Also with all the ACCHAIN BS happening with staments and videos connecting SDR China to Neo and QTUM

and QTUMs past connection with Sky.Ledger and Sky.Coin..

Statements - that the only way these projects succeed is with the ok and backing of the China Government.

Confusion is higher than certainty.

Many investors do not look into a coin they buy and that speculation is fine.

But this is a project 6 years old, and with this many unanswered questions.

Again this is just my due diligence. Pushing to get answers.

"Unknown dev" please do your research and check the github. It is extremely unfair you say these things because it just isn't true. With one click you can see the development cycle.

https://github.com/skycoin/skycoin