So recently people have been asking how Skycoin reaches anonymity whilst having a public ledger? In the following post I'm going to try and clear some things up on the privacy coin SkyCoin and how that works. As i'm not a tech genie you have to bear with me as I'm going to try my best.

Skycoin uses CoinJoin which was first proposed by Gregory Maxwell for Bitcoin transactions which is an anonymization method. In Gregory's own words:

When a joint payment is made there's no way to relate inputs and outputs in one transaction and thus the exact direction of the money remains unkown.
The CoinJoin-protocol thus guarrantees privacy even though its ledger is public the transactions are obscured. Anyone administering chain analysis would see a tangled mess if anything.


Skycoin offers native support for advanced CoinJoin features.

Okay wasn't that bad as I expected. If you want to learn more about SkyCoin which is more than just a privacy coin. I'll leave some resources for you:

ANN
Article
Website
Distribution plan & Blog
Telegram

I think its already flying, no need for these exchanges. I think a lot of people took the effort to make an account on Bitgrail and snatch up XRB. Its getting some well deserved attention. Broke 1 billion marketcap today and is hanging in there.

No idea but it doesn't look very healthy, we'll see what happens. Lost about 50% of its value in a week and shooting right up atm, might be because of BTC but the pump seems a bit to dramatic for that. We'll see, maybe there are people now flowing into Bitconnect after purchasing Bitcoins, Ethers and litecoins.

I think its a very interesting project but I personally don't have much experience investing and this ICO is something else than you'd regurally see. But i'm really on the fence here, I like the project and I'd like to see it get funded but then again this isn't exactly charity and the amount to be raised is tremendous and thus also the token/company evaluation.

Is there a soft cap you need to hit? Have you tried raising capital with private investors and VC's?

I think what you're doing is very realistic in terms of achieving the goal. But it would take a lot of time to build this network with individuals and I wonder if any investment I'd make wouldn't be dilluted with this. I also wonder how much you have raised so far as I assume that hitting the hardcap is essential to the project?

I trust Mcafee, I think he made a good call today on Humaniq (not holding) its doing more than OmiseGo is. PBC is a completely different thing. PBC picks for profit. Mcafee is just tweeting what he thinks are good coins, I believe. Though I'm not suprised by any alter motive, I don't assume he has one though. He's pretty hyped about this crypto stuff. Ofcourse he is an early software pioneer and he's getting old so I think he's more amazed by what is going on as this is all right in his alley and he's getting older. I mean to be an early pioneer with the march of computers and then witness a second revolution in technology is pretty cool.

I atleast think he has his heart in the right place.

Any LinkedIn? A page where I can see who I'm dealing with?
Is there a prototype or demo?

Also I find some of FAQ answers a bit weird:
Q: ''Why should I invest in LoopX?"
A: ''A lending project is usually considered risky. Any person who likes to participate needs to understand the risks. However, LoopX has the most trustworthy Team behind the project and is here to help you make money''

This was the first Q/A I opened and judging soley by this answer you have obviously never run a business before. And what makes your team trustworthy in the first place? I don't see names, faces, social media links.

Also this one:

Q: ''Where can I sell LoopX''?
A: ''We will get listed on 3 exchanges by february''

Now if I didn't have experience before with these statements I'd probably believe you but the fact is that projects often just say these things when they only applied, but applying does not = listing. I used to think they had already arranged those things and therefore it was noted on the site or telegram. Can you even confirm that you're absolutely with guarrantee going to get listed on 3 exchanges by february? What happens if you don't deliver on your promise?

I can't really work with this in all honesty. It seems fraudulent or deceiving and it lacks a lot of transparency.

Roadmap;

Judging from your roadmap you basically got the internal exchange ready for launch? So why not provide a demo or some kind of visual reference that I can see or try out? And the website opens with Advanced trading platform and then in the roadmap it turns into a lending platform.

Again, it seems fraudelent and deceiving. And I'd caution anyone looking at this ICO and considering making an investment. These lending platforms have been saturated with investors anyway, or you want to get into a risky PnD cause thats what basically happened to RegalCoin aswell.

Yeah its ridiculous, meanwhile they give excuses that they're to busy because of the number of projects wanting to get listed. I suppose but they also raised fees and I assume they can hire some extra staff to process everything ...

1. Intensive reading of the whitepaper
2. Intensive study on the team
3. Check Social feeds

Dude its the people reading his tweets hyping and pumping it, he's merely giving an opinion on coins. ETN went only 40% btw ;p
You can't blame him for this, its the same as Jamie Dimon all of a sudden endorsing Bitcoin, BTC will pump after such an endorsment.

But the man is only giving his opinion and he's only invested into 4 alts, so to say he's doing this for his own benefit is a misconception given that he will likely be promoting a dozen coins over the next months.

True but I think its fair to assume that with a whole new industry much like with the internet that we will see some companies here succeed similarily to those early days. We might have the second Google or Amazon here, though it is very hard to tell and such a company might not even exist at the moment.

What are coins you see still being around in 10 years? What coins do you think have the potential to be next equivalent of Google(Alphabet), Amazon, Microsoft, Apple, Visa, Wells Fargo etc by marketcap?

Just make assumptions based on current visions, global reach and solutions. I'd like to hear about actuall companies though, not currencies i.e. Monero, Verge, BCH, BTC, Dash etc.
 
Would be interesting to see.

Myself I'd think of perhaps; Ripple, Lumens, Maybe IOTA, NEM and the NXT series.

What's the point though? This ICO is only ment to fatten the pockets of its organizers whilst giving the community some shady shit, a very simple platform to lend tokens on, anyone can do this and I bet you don't even need 5% of the money you're trying to raise. Meanwhile you know its so absolutely ridiculous and garbage that you have to shill future prices just to get people to buy into this bullshit which btw is not only illegal as fuck but can also get your ass sued, now this is crypto so its likely not to happen but its the absolute worst.

Some projects here actually try to make the world a better place in any way they think that is possible and all you're doing is setting up some get rich quick scheme. And some people are actually to uninformed to see trough this kind of bullshit, eventually these platforms will exit their scams or get shut down once governments start peeking around and fuck over tons of people who have bought this crap.

Send you a PM

Might be right, been avoiding BTC myself a lot lately aswell cause I just can't stand the fees and confirmation times. Instead i'm keeping my money in alts more and more. I also can't stand the hardforks, still haven't claimed any of the fork coins... but I don't think the current devs really care about BTC anyway or else they would have done something and it wouldndn't be forked every fucking week.

Dude its not just Bitmain, Bitpay wants to switch over to BCH aswell. BTC is fucking ridiculous to use for small payments atm, it doesn't make sense to use BTC for a 10 dollar payment when there's a 5 dollar fee on top of that and BCH offering fees in the low cents with fast confirmation.

Most companies are just fed up with BTC fees and transaction times, that BCH offers itself as an alternative isn't their fault. Dev's of BTC have had enough time by now to get their shit together but they continue doing nothing.  I'm no holder of BCH but I can't blame them for doing good business.

You can scream all you want at BCH but it does have low fees and fast confirmation whereas BTC its becoming normal having to wait days for confirmation and paying fees as high as 50 dollars. Its fucking ludicrous

No BitPay is keeping their customers on standby whilst they integrate BCH payment instead of BTC. Only BTC payments over 100$ are currently accepted.

If Roger Ver and co really did congest the BTC network with a ton of small transactions.. then I suppose he got what he wanted.

They aren't actually even that hyped only within their own circle. Most people rather look at BTC but BTC devs don't really seem to give a shit and I can't stand the continious hardforking myself.

Is there a website? Or is it just Telegram and Twitter? Just a telegram and twitter is a no go by definition.

Because the network is congested, transactions taking hours/days to confirm isn't really something you can use as a business on top of high fees it also gets really expensive for the customer. Although I think BCH will just suffer from the same problems once it grows..

Yeah and then someone starts a botnet and spams his own nodes earning a ton of tokens...

I think SkyCoin has a better chance of succeeding...