Topic: [SKY] Skycoin Launch Announcement - page 79. (Read 381579 times)

We are very bad at this part. This is a new coin from scratch, so if we need something, then we have to code it.

 To get listed we need
- working CLI
- working WebRPC interface
- blockchain explorer
- website
- white paper
- wallet download

We could have done these two or three years ago and should have made this a priority.

In the last few months we did
- the CLI is done
- the webRPC API is done
- the blockchain explorer or sort of done (APIs are there but still fixing bugs)
- the website is sort of done, but undergoing multiple rounds of improvements ( https://github.com/skycoin/skycoin/commits/master )
- the whitepapers, we need three white papers plus infographics, because this is a large project and its not clear to people what we are trying to do
- the wallet download works and now we have automated installation/build scripts for ansible and docker ( http://github.com/skycoin/devops )

All of those are in progress, then we are 100% done with everything for listing. Then the coin will be a "finished product".

I think it is tradable now. We are just finishing the blockchain explorer (which turns out to have been massive task, with 60 sub-tasks and new bugs and full of API calls that were missing when the frontend developer went to implement the interface).

---

Getting to this point however is extremely daunting. If you broke it down into sub tasks, its hundreds of small things that need to be done.

We have an exchange partner now too. To handle ICO and listing, liquidity and stabilizing price across all the exchanges.

This is getting complicated too, because we just write code. We did not have people in place for product stuff (like finishing working software and launching it). Now we are at point of launching five separate "products" or end-user applications, at the same time.

We have several applications (like the VPN and meshnet) that are ready or working, but which do not have user facing interfaces and can only be used from linux/osx on the command line. The Skycoin consensus network, block, transaction prorogation and network stats will eventually need their own web GUI dashboards (like this ethstats.net )

So now we are building up product launch (finishing wallet and getting it to the users), marketing and user community experience/capacities. Where as we had no one doing this before.

We had too few people working on this. Right now, I think for just the white papers there are about five people involved on it and it will still take weeks (but is finally in progress). For blockchain explorer and API, took backend and frontend developer weeks and we had backlog of ~60 bugs or things to do (API requests moving, blockchain storage changes, changes to transaction history API, bugs with timestamp parsing etc).

The website, also needs dozens of small changes to be good. And we can only get a few changes in per week. We did a lot of work on the home page and are now working on the download page. Most of the work is deleting useless things one at a time. Then will go back and do the info-graphics and content pages. The evolution and revisions of the skycoin webpage design, could be a twenty page blog post, even through it is a simple two page sit with just a home page and then a download page.

You can track progress here:
- https://github.com/skycoin/skycoin/commits/master

The two highest importance things right now are
- complete the coin (100% status, for coin product). So that we can do listing and begin market/float
- get the user community on the same platform (so that we can coordinate the developers)

Is there anywhere to trade skycoin yet?

I haven't seen any trading threads, or exchange listings.

No. The market cap is the free float (the distributed, traded coins) times the price per coin.

At 2000 SKY/BTC, with 3% of the coins sold, the market cap is
- 3 million coins / 2000 SKY/BTC = 1500 BTC
- 1500 BTC * 720 USD/BTC is $1,080,000

The construction cost of 1 mile of 4 way highway is 4 to 10 million USD.

The current Skycoin market cap is
- 2.4% of coins, 2.4 million
- 2500 SKY/BTC
- 2,400,000 SKY / 2500 SKY/Bitcoin = 960 BTC
- 960 BTC / 720 USD/BTC = 595,2000

Also, we raised most of the money when Bitcoin was at half its current price.
- We previously pegged to USD, because did not want the investors disadvantaged by declining BTC price
- So we pegged the SKY price to BTC, so that earlier investors would not be disadvantaged by the BTC price increase.

We priced the ICO price so that
- the price was high enough that we could fund 1 year of development
- the price was low enough and number of coins sold was low enough, that investors could reasonably get 20x to 50x return later (turning 50 BTC into 1000 BTC or 2500 BTC)

We do not think the days of Bitcoin going from $0.01 to $1000 and seeing 10000x returns are going to happen against, because market is much more mature now.

The biggest jump is always when coins go from developers and early adapters compiling from source and small community, to public listing on Poloniex and large speculators and people without wallet flooding in. Most of these people will never install the wallet, will never user the coin or any of its applications, will not contribute to development at all (many Ethereum investors do not have wallet and their coins only exist on the exchange). However, these are the people driving the market.

Instead of an Ethereum style IPO, were a large number of coins was sold (30%) at a higher valuation in an ICO, we decided to sell a smaller number of coins (few percent at a time), then distribute the rest over time. This would allow for a larger price multiple increase.

However, the large ICO is optimal for hype and marketing and easiest way to raise money.

---

Another thing we learned, is that people just like to complain and no matter what you do, someone is going to going to be unhappy.
- We had severe mistakes that were really bad and no one complained about that, but which only had minor effect because was small amount of coins (like improper pricing of coins in 3rd party crowd sale). However no one complained or even noticed
- We have received loud complaints about things that seemed to us minor, hypothetical or irreverent. People seem to scream the loudest and fight the most about irreverent wedge issues than about things that matter (example: the blockchain size in Bitcoin).

We also learned that perfectionist is very bad and engineers will never launch anything because it can always be improved or there is always another problem. Perfectionism is paralyzing. So we should just launch whatever we can, as quickly as possible and just get it done.

---

Now that its almost done and everything is nearly 100% completion (website, wallet downloads, CLI, WebRPC interface, first applications ready for packaging etc...). We are in a state of shock.

The rest of it, is marketing, documentation and community development. Those will be the most important things in the stage after technical development.

The development team will not be good at this and has no interest in it, so we have to build up a whole new team around this. We also need to develop our own platforms when possible.

When I look at Bitcoin, Litecoin, etc... They should have failed. They only do two things
- check balance
- send

There is not a clean, rational reason why people use them. The community, the hundreds of millions in mining rigs, the electricity use, speculation and trading. It is not intuitive what the factors driving the human activity and behavior are. What the purpose is and why people do it.

Examining the FED, the purpose is clearly slavery and keeping nations as colonies. That is what it was designed for and central banking for a top down, hierarchical society of elites ruling over a class of human cattle and harvesting them for labor and resources. It is very clear from how the system is structured mathematically, how it functions and how it evolved over time.

However, Litecoin? What drives litecoin adaption? Who uses it? Why does it have such a high price? Where does the money to pay for the mining equipment and electricity come from? What holds the user community together? How does the user community grow? What is its purpose?

It seems to be a completely speculator driven market, or "altcoin real money fantasy football" or "altcoin horse racing".

Which is great. It actually means all the work we did, does not actually matter. As long as there is a dream and something for people to buy and sell, they will go and do that. So the emphasis should be on creating a narrative for a speculator driven market and then giving people something to buy and sell.

If it works and is useful and people actually find it useful or real economic activity occurs, then that is just icing on the underlying psychology.

The altcoin market is still in a transition period between pure speculation, the dream of what is possible and a transition into real economic activity.

So the price is one thing, but the most important thing is what the coins intend to accomplish or change in the world. These new technologies are creating the conditions for a new era. The are creating the possibility for alternative visions for the future.

In that respect, Litecoin, etc... and even Ethereum are very boring. As long as you are focused on the coin price, instead of what you are trying to accomplish in the real world, it is difficult to get anywhere.

I think Assange may have a blockchain Christmas present for everyone. I think we are on the border of change and that these technologies are going to lead us there.

Zhang Hong is doing forks/derivatives of Skycoin for corporations for China market. Mzcoin and Tmcoin. For Airlines Reward points programs and blockchain traded gift cards. So closed network, internal blockchain applications for corporate use. We have four Skycoin forks running and this is part of method for funding development.

The core developers are still the same.

We are also doing partnerships with other companies for technology development and IoT. The core Skycoin development for the coin, is not being managed by a large exchange partner (which is why the command line interface and wallet bugs and website are getting done now).

Then we have moved to work on applications and the ecosystem.

Don't troll here, most guys following up Sky are insiders.

Just a scam,after the dev have went to China and met Zhang Hong!

2000 SKY/BTC, 100000000/2000 = 50000 BTC. The market cap will be roughly ~37mil usd

Update:

Very busy.

We have marketing manager to turn up the pump and manage community now. He is going through the bitcoin talks backlog,

---

We have an invite only ICO on third party platform, that you need QR code to access. 25 people have code right now, and it is open to anyone who posted on the Bitcoin talks thread in the past 4 years. More information later.

We will probably do 1%. Then double price and do another 1%. Or increase price to 2000 SKY/BTC, then double price, then after that, will float on exchange with order book. We have not discussed this.

---

We are launching our own post blockchain social platform. Starting with an immutable object replication system, inspired by Urbit and IPFS. Which is designed for decentralized social networking and source independent networking.

We started this on friday and we almost have a decentralized text only version of 4chan working, five days later.

- https://godoc.org/github.com/skycoin/cxo/schema
- https://godoc.org/github.com/skycoin/cxo/bbs

- Each object has a schema and is a struct (with basic set of atomic types)
- Each object has a canonical serialization as a byte string
- Each object instance IDed as the SHA256 hash of its []byte serialization
- Each object can Href (hash ref) over objects (like a pointer to an immutable object)
- The objects are stored in a map from SHA256 hashes to []byte
- we track which objects we have references to, but which we do not have local copies to
- garbage collection is easy because we have a directed acyclic dependency graph in this form (like Rust, there are no pointer cycles allowed)

This type of immutable object system is designed for peer-to-peer replication over Skyhash/Aether
- https://github.com/gagliardetto/skyhash-pub-sub

In Aether, there is a swarm of people subscribed to public key A
- A serializes a root object as a []byte, hashes it, signs it with their private key and then publishes it
- the root object is published peer-to-peer
- the objects referenced by the root object are pulled in recursively

This will replace Bitorrent, IPFS, zeronet, maidsafe, Tox, bittorrent sync, http, bitmessage and more with a single protocol that can cover a wider range of use cases more easily.

If public key A subscribes to pubkey B and pubkey B subscribes to pubkey A, then it gives you a Tox or Bitmessage like asynchronous messaging channel with peer to peer replication.
- Nodes A, B by public key
- A subscribes to B
- B subscribes to A
- A publishes a message that only B can read, into its pubsub channel
- B publishes an ACK to A, confirm message receipt
- A removes the href to message in next round

This protocol is very good for peer-to-peer replication of static content like websites, blogs and youtube videos.

--- meshnet sequence diagrams

We are doing UML protocol sequence diagrams for the meshnet now.



The network is very similar to I2P, except that it is designed to be fast. I want to get this working (again) soon.

--- build automation

We are doing docker, ansible and juju. For node installation, deployment. Will have scripts that automatically SSH into node with ansible and install golang and install from source and run nodes.

This should help with large deployments.

--- CLI

The Skycoin CLI and WebRPC is working and is better than Bitcoin or Ethereum.

We fixed issue with the CLI and web-wallet contending to write for same wallet files. We will add ability to disable the web-wallet APIs for nodes that will be used over the thin client interface.

Update:

We now have bitmessage channel, instead of subscription thing.

Bitmessage Channel
name: skycoin
address: BM-2cW9oxq2cx8PmWgySvaHyJnTpcxpsiFhqD

Anyone can post or discuss here.

Skyhash/Aether:

Version 2
- https://www.youtube.com/watch?v=Q4ZQCYJeic4

I need the Apollo moon landing music played in the background of this video.

We will have the social media stuff up soon.

As I said, ignorant and paranoid. Check the post history of Smaragada to verify this. I'm not going to get caught up in a fight with trolls here. I said what I wanted to say. Everyone can figure things out for themselves. Good luck.

what the hell is this Dev smoking??

Scary pictures! Weird headlines! What is presented here is not evidence. It is a carefully crafted narrative designed to appeal to the ignorant and the paranoid. It is held together with baling wire and paper clips.

"Extraordinary claims require extraordinary evidence." -Carl Sagan

 I would only ask people to be highly skeptical. Rational thought and critical thinking seem to be in short supply these days.

Update:

Really annoying. Our Angular 2.0 guy disappeared. I do not know if he was hit by a car or what happened to him.

We were in the middle of finishing the blockchain explorer and the wallet on the dev branch is in an intermediate state...

Coin Status:

Dozens of bug fixes on the CLI and WebRPC interface. The OSX wallet directory bug is fixed now.

I have been using CLI interface a lot.

Meshnet:

Three tasks left then we are onto info graphics and marketing. We do not have a user interface yet but back end will be working.

Marketing:

We are trying to get full time person to manage the social media accounts, marketing and user community.

Coin Checklist:

The remaining items for the coin are
- the three white papers
- blockchain explorer interface
- minor bugs and usability improvements in the wallet

I want to get the coin out of the way and be at 100% launch readiness. All of the APIs are in place to do an internal market.

Then will start pushing out the application software, ecosystem stuff and begin selling the dream.

http://www.mayoclinic.org/diseases-conditions/dupuytrens-contracture/basics/definition/con-20024378


Sickening to read your alt-right conspiracy theory bullshit. I encourage people to do their own research.

Yes. The seed and deterministic wallet algorithm is identical.

If you put in the same seed, you will get the same addresses. Try it for the CLI or the new wallet.

I've missed this GIF 

To use the new wallet all that's required is just the old seed, right? In order to get the SKYs we purchased long ago 

Update:


---

go run ./cmd/cli/cli.go send 2X6eRFh6pp6rUHj74NJXLcmTg1TnDaPyYCw 1000000000
txid:127cae7ab2e851738fc4c9894dade853173c658317e5e551c0618f3c14de0c6e

---

go run ./cmd/cli/cli.go transaction 127cae7ab2e851738fc4c9894dade853173c658317e5e551c0618f3c14de0c6e

{
        "transaction": {
            "status": {
               "confirmed": true,
               "height": 1
               "unconfirmed": false,
               "unknown": false,
            },
            "txn": {
                "length": 414,
                "type": 0,
                "txid": "127cae7ab2e851738fc4c9894dade853173c658317e5e551c0618f3c14de0c6e",
                "inner_hash": "ae44ad68c8a6f83d22436a19ff274d5eeeceb7c515348c910cf09abea87b4449",
                "sigs": [
                    "0a332a5c2c501b5fcf6d8ce21ef1aa6c82324dcaf5a4162a0ab8f6cada1ae56b19be195564263ac e98db8a0b0b4c37a5ac080c5a55c76b2c9315980a025307b001",
                    "b2a3d81f2a2bd12ed1fc0d5bb9daa781a2553410902a25cfcf4c179165ef52936b86c4774ad3e9a 4fbc2188f8fe7e5ad1949715c307ab4499b4d2bc2536bb2b600",
                    "e660d1823b2d2637c2da6080443410dadf90c8559e17b37b17fe51d553e2f26c0b71ee1b3a652b5 22b0f1cc17baef65f63457259b06fd6126fe4e2b1bf101e7d01"
                ],
                "inputs": [
                    "22f6cbb46c9d8566f6cdb3882dbd77bc473432c097b704c14457babd66da993d",
                    "d0e6c3ff06b1125d70a707f57b4888a96aa56fe26fbf0fc80ce7d560acc77f63",
                    "b220185a9f0f1a6af34e4b1ad882b7634d2fe9db3d1f8d7fdbc0815856abc06e"
                ],
                "outputs": [
                    {
                        "uxid": "4594bb2382ac97aa0cf3ae0eeeae2d2a0dbe96a6293d0bd715e2ce7165080977",
                        "dst": "2X6eRFh6pp6rUHj74NJXLcmTg1TnDaPyYCw",
                        "coins": "1000",
                        "hours": 1876583
                    },
                    {
                        "uxid": "931267f628963f9faccfaaa4973cb20a4d28a02a8c97a89f83f91d3413af7af7",
                        "dst": "Qq7dG2S5jwNgpayJzBf7kTtfWmpfSQPCQ6",
                        "coins": "244631",
                        "hours": 1876583
                    }
                ]
            }
        }
    }

---

go run ./cmd/cli/cli.go checkBalance -a 2X6eRFh6pp6rUHj74NJXLcmTg1TnDaPyYCw
{
    "address": "2X6eRFh6pp6rUHj74NJXLcmTg1TnDaPyYCw",
    "amount": 1000
}

---

Wooohooo. CLI works. It feels pretty awesome to use.

I do not understand why the terminal feels so much better than a gui wallet.

No exvhange to trade? This coin was from scratch, but now is no place to trade, what a pity

It's happening