Topic: [SKY] Skycoin Launch Announcement - page 47. (Read 381582 times)

They are only holding 95% for development and arbitrary distribution..
http://explorer.skycoin.net/blocks

Is it correct this project is over?
There is no one in slack..

The Telegram cannot be found..

I try to find it but the search says it is closed.

Nothing on this forum?

No devs activity?

I only just found skycoin and got interested but unless someone has some news i guess it is done..

Is it correct this project is over?
There is no one in slack..

The Telegram cannot be found..

I try to find it but the search says it is closed.

Nothing on this forum?

No devs activity?

I only just found skycoin and got interested but unless someone has some news i guess it is done..

This is my concern...

The ICO process is not clear it seems on purpose..

Even the first release of ICO was it seems a mess..

Code and complications to get a successful coin. then it was done by hand anyway.

The second ICO they say not many responded no one really took them up on the high price, So only whales got on at the end.

Third ICO who knows.... I have mentioned a method to do a fair and popular ICO round above...

Right now i see the ICO runs like this...

When the price goes up and stabilizes they release 0.1% more coins.

Then wait until the price goes up and stabilizes and then release 0.1% more coins then repeat..

They have decided to do this becasue they want to compare with Maid, Ripple, Stellar..

Holding most the coins until later.

But these other platforms have open Devs, that do tours and have a company formed and are not anonymous in China.

Anyway I am sure the multiple Devs will respond as they are bright guys but i am concerned they do not want to budge from this..

I am very cautious. I have read the Devs economic and technical write ups.. I hope they are valid views and not cut and paste.


Does anyone visit the Skycoin Slack?  https://skycoin.slack.com/

...
To study crypto you just need to use Youtube and subscribe to all the teck talks etc.

Then use Twitter to get all the rumors, then visit the websites and the whitepapers.
...

What does that mean?

90% coins are for development purposes?

Did you read what i wrote?

I am suggesting releasing maybe less than another 10%..

Does the dev team want to own 90% plus for development purposes?

Why do people read the above idea and assume that i am saying release all the coins?

That is not said AT ALL.

Either this is a great project if the distribution gets altered or tweaked.

Or it is a long con, releasing under 90% and dev holding..

Attempting to create scarcity, only releasing 0.01% monthly only on price rises..

All money of tokens sold goes to dev... Over 90% of coins spread over along time with increasing returns...

So far after 4 years is a simple wallet and blockchain for the public to use.

What is the hangup with releasing even 30%? Is that really un-imaginable?

I suggested releasing another 10% so to make a full release around 20% total after 4 years.

Why are the devs hording ? So afraid of whales and distribution?

I do not get it and that is why i made the above suggestion...

Having only a small amount of coin released and a large over 80% held in house does not create scarcity - the expected result of scarcity is a higher price..

But it does not do that becasue then it over values the overall token holdings on a thin market and then there is a range $5 - .50c where people trade in and pump and dump.

Becasue when it gets to $5 sanity kicks in and a realization it is over priced and a dump can happen just on a small sale as there is no liquidity. So down to under $1.

This is not good for the coin or platform, these guys do not hold for the long term because of a fast 5x profit it is then dumped.

60%-70% held by the team for long term distribution is still a huge scarcity.. I do not understand why 1% released was considered scarcity - i consider it unworkable. I propose getting the released coins up to 30% - 40% released to qualified interested parties who like the tech and will better the platform..

-------------------------------------------------------------------------
But if the proposal above regarding scraping this topics forum members and then pm them a redemption code. Can buy one lot up to 5btc at $1 per Sky.

Maybe only 20 - 40 people would do it?

Maybe 60% of these people would do well under 5btc.

So it is probably just a release of another 1%-2% - but at least it is a bit of an increase and to people interested in backing this project.

It spreads the ownership and does not allow whales with the 5btc max.

Its been there for a day and is not there any more.

Check the average price over the last two months...


Even the price a week ago...


The price has only been pumped the last 5 days and it is dropping fast now.

Even the guy who bought at $4 would probably like the opportunity to buy in a distribution at $1.... Wouldn't you?

Check the average price over the last two months.. Problem is to buy any the price will jack up becasue no liquidity.

I cannot think of any party who would not like to get to buy at $1 and not effect the price while doing so.

Then there liquidity and market can be stronger less manipulated.

Of course I would like to buy in a distribution at $1. I do hope I have that opportunity again.
The problem is it will hurt the feelings of guys who bought at $4.

So you think it is a good idea to do an ICO for 1$ while the price at the exchanges is 4,50$? 

Its been there for a day and is not there any more.

Check the average price over the last two months...


Even the price a week ago...


The price has only been pumped the last 5 days and it is dropping fast now.

Even the guy who bought at $4 would probably like the opportunity to buy in a distribution at $1.... Wouldn't you?

Check the average price over the last two months.. Problem is to buy any the price will jack up becasue no liquidity.

I cannot think of any party who would not like to get to buy at $1 and not effect the price while doing so.

Then there liquidity and market can be stronger less manipulated.

What the hell ? I just read the thread and this looks like one of the biggest scam in crypto ever.