Topic: [SKY] Skycoin Launch Announcement - page 49. (Read 381579 times)

https://www.youtube.com/watch?v=MBceYIZltaw&feature=youtu.be

Skycoin BBS Showcase  

https://twitter.com/Skycoinproject/status/875587813663588357

Thanks Clif!  

https://twitter.com/Skycoinproject/status/874976296018817024

That is the market price. ICO round three has not taken place

is there any benefits for ico buyer for the final product ?  i mean lifetime reduced fees or others ? im not talkin about the collector cards, but only for ico participant

So here I'm buying an ICO?

https://www.cryptopia.co.nz/Exchange/?market=SKY_BTC#

when can we expect the next round ico?

Thanks for the detailed answer, and the security recommendations. You really considered the whole privacy stuff from many sides. Could someone run the skywire, CXO, etc nodes without running a VPN as well? I don't really want to open a VPN endpoint directly into my local network, for certain reasons.

So for starting till I might buy some of the hardware nodes, i could run a node on linux right?

And is there a price approximation of a whole node package?

4 core. 1.2 to 2 Ghz. ARM. Cell phone processors. 2 GB of RAM per core.

Its designed to be slow. Each node only runs one process. And it scales out horizontally.

Each board is $15 or $30. Its possible to get 8 core, 4 GB of RAM boards also but they are more expensive. These are cell phone CPUs, so cheaper and fewer features, high volume. Modular.

The two things that will get you coins are
- bandwidth in strategic positions (fiber optic cable between two cities with high data interchange)
- storage and content in a strategic position (having copies of data that people want and being the closest connection in terms of hops/latency/throughput for that hash data)

The right bandwidth distance metrics, pricing, etc is a whole field of research and will need some experimentation.

Many hacking firms, used to take over peoples computers so they could put adware on them or build up a botnet, or do clickfraud to make websites look like they were getting more views than they actually are.

Today, they are hacking computers to get the bitcoin.

Every AMD and Intel processor has a remote management backdoor, that is essentially unpatchable and which is being exploited in the wild now. Even USD and SSD firmware is getting hacked and weaponized (BadUSB).

All of the consumer routers are made by a small number of firms (the chipsets and firmware) and government backdoors and clandestine backdoors. There are +40 OEM manufacturers but the firmware and hardware is actually just white labeled and done by less than 3 firms.

So Altcoins (including bitcoin) have already reached 80 billion in marketcap and are on a trajectory to reach 8 or 10 trillion.

However, most of the exchanges and users are going to be looted and have their coins stolen in on way or another, on the way to 10 trillion. The security level right now is really pathetic.

"Wallet Encryption" is not even an option, because any software that can grab your wallet is also going to install a key-logger and wait until they can get your wallet password.

Companies are already bundling their software and operating systems with built in key-loggers masquerading as "analytics" packages and selling everything you type to third parties. Even GPU manufacturers are starting to ship drivers with built in key loggers, to collect more data for sale. In the US it has been legalized for ISPs to intercept and record all of your internet traffic and search history and sell it to everyone they can get money from.

So over time, users who want any degree of security or privacy are going to migrate towards dedicated hardware products and everyone else will have to deal with having all of their stuff stolen or looted constantly.

---

So these boards are
- 4 CPU cores per board
- ARM processor (no intel/AMD and no remote management engine backdoor)
- 2 GB of RAM per board
- 32 GB to 256 GB flash storage per board
- standardized, high security, minimalist linux
- no glibc, no SystemD, no known backdoored libraries or libraries with a history of exploits
- a single process or daemon per board (one daemon, one computer, hardware segmentation for security, so that if one service is compromised, it cannot compromise other services on the same machine)
- OpenWRT router with strict packet forwarding rules and access control

A typical setup would be 4, 8, 16 or 32 boards
- 4 boards would be 16 cores and 8 GB of RAM
- 32 boards would be 128 Cores and 64 GB of RAM

---

The primary applications for deployment on these types of clusters are
- Hardware Wallet (deticated daemon for coin storage)
- CXO Daemon
- Skycoin Node
- Skycoin Consensus Node
- Skywire Node
- Skycoin VPN (Hardware VPN, VPN with dedicated hardware box and a cable, not just a software VPN)
- Skycoin DHT, etc

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This is being built now. Because we have too many daemons and things that need to be running for the system to work, so make senses to have deployment and orchestration framework and a cluster configuration. We need a plug and play, zeroconf solution.

We are building one 8 card unit (32 core, 16 GB of RAM) for marketing/PR/Press Release.

Then building six 4 card (16 core, 8 GB of RAM) units for a test net for Skycoin/VPN.

Then we want to start shipping units (probably through third party) and have several hundred units distributed globally to act as the backbone of the network.

--- "Skycoin Mining"

Skycoin does not have "mining" for block creation and there are no "miners" as far as the blockchain goes. However, Skycoin has a surrogate and substitute for mining, where people can get coins and this is Skywire.

This hardware and cluster configuration is what the first Skycoin "Miners" will look like.

This can be used as a "Hardware VPN" and you can plug it in and VPN the whole traffic through your house, or run Skywire or CXO nodes for coins.

The Skycoin network itself, will be running on its own private, internal internet, with its own namespace. On dedicated hardware.

This hardware configuration allows us to extend it later, to support physical wireless mesh networks, build on top of the Software Defined Networking standard. You could even run the nodes/clusters on top of Ham Radio.

CXO is a peer-to-peer replicated, immutable data object store. With self validating data objects. It is very similar to Urbit's networking design and content addressable storage.

Each local CXO cache is supposed to hold all of the data and programs, needed for the operation of the cluster, without using external resources from the internet. When you download a file, you are actually just copying the object into your local cache. Then other peers looking for the object can grab the object from you and the objects can be passed and replicated peer-to-peer because they self validating (the identity of the object, is a hash of the []byte serialization).

So this is a practical, immediate thing for getting the Skycoin VPN and Skywire network up and running. And it is a longer term, stragetic thing to enable things that we want to do in the future.

Good to hear this!

Regarding tha subject, how much compute power and memory would these nodes require? I saw the renders on telegram about the proposed hardware node, but I have a mining pc that has a mostly unused cpu and memory, thinking about a little upgrade on this side in the future.

yes, the volume is low, but it works for me since I am not a whale . Anyway, I just tried to accumulate more skycoin with a price not so much above the last round ICO.

Coins will be distributed to people running skywire nodes.

Similar to how people earn STEEM for creating content on Steemit.

The reason we are not "distributing" more coins, is because the applications are not ready yet.

Skycoins accumulate CoinHours as they remain unspent. If Skycoin reaches the transaction limit, then the transaction are prioritized by transaction age and CoinHour burn.

CoinHours solve the problem of providing "Freemium" services, while still rationing scarce and finite resources to maintain a high QoS level (bandwidth that is not used is lost and bandwidth cannot be stored. If you only use 10 kb/s of a 1 Gb/s line, then the bandwidth that is not used is lost forever; so it is better to keep the line at full capacity. The unused bandwidth is wasted and cannot be stored for future use. It is a flow, not a stock).

Everything in Skycoin is that way for a particular and very specific reason, including the distribution.

No one knows how to price Skycoin right now, because huge parts of the infrastructure have not been explained or released yet.

- Pulling skycoin out of circulation is the same as decreasing the CoinHour production rate
- Putting Skycoin into circulation is the same as increasing the CoinHour production rate.
- CoinHours decay as each transaction must burn a minimum of 50% of the accumulated CoinHour balance, so the CoinHour supply is inversely proportional to the "monetary velocity" or the turnover rate of the CoinHours (which relates to the volume of service consumption).

It is designed to be a closed system, with consumption and production, with positive and negative feedback loops in equilibrium.

CoinHour burn also allows Skycoin to establish a partial ordering over the directed acyclic bipartrate UX/TX graph. The aggregate coinhour burn, allows a total or partial ordering over different chains (similar to PoS but without staking).

Different prospective blockchains can be ordered by their CoinHour burns (total CoinHours burned on transactions tell you how many users are using that chain and uniquely resolve choices between competing chains, while Skycoin transactions are designed to minimize merge conflicts between blockchain forks and the Skycoin consensus is design to make blockchain forks mathematically impossible (as long as certain mathematical prerequisites are true, then 51% attack becomes a mathematical impossibility)).

This allows us to transcend the blockchain and will eventually enable migration to a DAG or Tangle structure, instead of being limited to a total ordering over transactions/blocks (a blockchain).

The CoinHours can be on chain, but can act as gas for memory, computation and storage for an offchain, non-blockchain DAG/UXTX based turing complete distributed computer. Which is CX.

We are implementing Skycoin Stage III and CX is stage IV or V.
- Stage I and Stage II were wallet, consensus, security primitves
- Stage III is services, (VPN, BBS)  communication (Skywire) and distributed immutable object systems (CXO)
- Stage IV and V are computation, infrastructure, markets, etc... (CX)

By Stage IV/V we will be on "Skycoin 2.0" and will be upgrading the blockchain to
- use immutable object system (CXO)
- use partial ordering on the UX/TX graph instead of a blockchain total ordering (UXTX, DAG/Tangle instead of blockchain)

The project is too large to solve all the problems at once, so it is being done incrementally in stages and designed to be useful and usable at every intermediate stage.

The volume is very low. It is impossible to buy any real quantity of Skycoin. One of the Kracken guys in the telegram chat tried to buy and said it was impossible. No one is selling.

So we have been injecting coins OTC to group with marketing resources. One guy bought 12 BTC and did a twitter pump by himself and price went up 30%.

There are two options
- continuous liquidity injection above the current market price
- a market maker bot in the wallet. We are experimenting with a byteballs style wallet and chatbot style market marker bot. This would allow you to make Bitcoin payments from the Skycoin in your wallet.

We have an exchange order book scrapping bot in development, then an arbitrage bot, then the market maker bot for in wallet.

The bot would take 30% of the ICO money and back the price above the ICO price. The bot balances the capital inflows and outflows and if there is an inflow/outflow imbalance then widens the spread until the imbalance corrects.

The market maker bot will back the price above the last ICO benchmark and absorb any dumping.

The market maker bot is deterministic and has a simple rule set, so is probably the most fair and consistent way of doing this.

Update:

Major Project Management/Organization things
- we are getting a kanban board for managing marketing tasks
- we have new full time project manager for managing the development teams and ticket boards
- we have signed up two PR firms for blockchain/cryptocoin marketing
- first story boards for video production are done
- we are preparing press releases for aspects of the Skycoin Project and will push out to syndicated channels
- we are creating a new website
- as soon as the new website is live, it will be obsolete because we are already designing a new fourth generation website
- we are preparing a road map (past and future). The history and the future of the Skycoin Project
- we are creating a page on the website about distribution plans and scenarios
- we are announcing three projects ready for public release in the next two months (and trying to do press releases)
- we want to start distribution of coins through people running Skywire nodes, within two months
- we will start bounty program, with website translations
- we have meetings and are scheduling listing on larger exchanges
- we have a new wallet build that fixes performance issues and has a block download progress bar. We will need to release version 19 of the wallet soon.
- we are writing a new wallet from scratch, in the byteball style, that will have option to run as a thin client.

Please, stop promoting these stupid coins where the developer owns all of them. Even 1-3% premine is too much.  Stop motivating devs to do this.  The dev is currently selling all 100,000,000 coins for $10,000,000 USD. 10,000,000 usd for what?  How do you know when they will dump?  This is pathetic.  That puts current Market cap at 180,000,000usd @ .0006 btc.

i agree but the price will drop because of further ico rounds. that´s always the problem with divided distribution

Distribution is still being worked out - that is a tentative date also.

Hello there,

I am new to this coin.

On icocountdown.com it shows that Skycoin is on ICO phase and it still has 40+ days. What will happen to the coins that cannot be sold on the date line, will they be burned?

it is happening all the time in https://www.cryptopia.co.nz/Exchange/?market=SKY_BTC