Maybe because you are doxing him?

There are over 80 developers, publicly on github and then a lot of people who are not public. You chose an absolutely random one and just started stalking him and doxing a kid who is two years out of college. lol

While ignoring the higher profile people. None of the crypto people have facebooks, twitters or public profiles. They are not on telegram and you cannot talk to them unless you are on cjdns. Keep digging.

Linux+VPN+TOX is the minimum security level for just the second tier of developers.

Maybe you will find the invite only darknets if you look hard enough. The ones that do not compile on windows. And then when you get that far, to the ones that require physical hardware to even connect to the network. To keep out people who cannot follow instructions and the people who cannot solder.

Then maybe you will find the people arguing about whether the TPW P4-15 is safe for bitcoin or whether its a honey pot or whether its safer to compile your own CPU on an FPGA and somewhere in there, you will probably find some of the skycoin developers.

If the government cannot figure out what you are doing, they cannot harass you. It is also good to leave some honey pots out, use cutouts, plausible deniability, delegate, cause confusion and then have enough blackmail material that it is not worth bothering you.

As you go up the pyramid there is less and less information. More confusion and uncertainty.

If you are querying the unspent outputs for an address, you should obviously be doing it asynchronously through a remailer network and mix-net and you should be injecting all your transactions over the mixnet, but who does that? Isnt it valuable metadata and makes you a target, just for someone to know that you are running a node for a particular coin?

Is there anything that the conmen who own the world do not endeavor to steal?

The Skycoin project is structured in a really good way, for safety and continuity.

---

One of the reasons it is also so difficult to do Skycoin distribution is because of the way the coins are locked and that it requires unanimous consent and is a shared secret protocol. It guarantees the remainder of coins will never be dumped, but it makes distribution difficult because it requires unanimous consent to the distribution plan.

We have an agreement now, to get to 30% distribution and then to time lock the rest of the coins with a maximum distribution of 5% per year, meaning a distribution over at least 14 years. Going from 10% to 30% will be through node incentives and may take atleast five years, based upon userbase growth and how quickly a physical network can be built out. Everyone agrees the rate of monetary inflation cannot be allowed to exceed the rate of user-base growth (in order to maximize the price per coin).

So people are still fighting about that.

The CX programming language repo is here
- github.com/skycoin/cx

"CX" Stands for "C next". Or "The next C".

The CX programming language already has genetic algorithms demos, where programs can be evolved in 2000 generation for polynomial fitting.

It is an abstract syntax tree (AST) based language, based around "affordances".
- It is mathematically deterministic by design.
- It uses COLA (combined object lambda architecture) (by Alan Kay)
- It is neither functional nor procedural, but is based upon category theory
- CX programs are CX program objects
- A CX program object is interpreted by another program object
- the language only has a representation as an abstract syntax tree because it cannot be represented in a fixed syntax (but to programmer will look like golang)
- the kernel of the language is very small and is simpler than LISP.
- the language allows declarations of predicates over processes and unifies by the pi calculus (calculus of processes and predicates over processes) and lambda calculus (calculus of computations).
- the language is determined by the requirements of being closed under the transitive closure of certain mathematical operations and types of reflections
- programs can be stopped mid execution, serialized into byte strings and deserialized and execution continuing on another computer. This is a "cloud native" programming language for building decentralized systems.
- It is very similar to and heavily inspired by Urbit and the source independent networking concept in Urbit
- The performance will be higher than C and the battery usage on mobile will also be lower compared to C. The language is mathematically constrained to avoid pointer aliasing rules and the ambiguities in C
- The language is multi-modal and computation agnostic. It will run as well on a GPU or fixed pipeline as well as a general CPU, an ASIC, FPGA or eventually even non-Von Neumann architecture such as quantum and DNA computers. Affordances offer a computation type agnostic method of describing and implementing processes that implement computations. Computations are described as mathematical invariants and predicates over physical processes that implement "atomic" operators. And CX is concerned with a series of reduction operations (affordances applied on the program object) that reduce a complex program into a program that can be implemented as a set of operations which are "atomic" for a given physical process equivalent to computation.

CX is inspired by the XL programming language, Urbit, golang and others.

It is not a turing complete scripting language. It is a language for building (blockchain) platforms. It is above the blockchain and a mere "Scripting Language".
- smart contracts are scripts inside the blockchain
- CX is for building platforms and the blockchain is just a small part of the platform.

CX is a long term research project.

CX can be used for "Smart Contracts", but that is not what it is for. It is truely throwing the pearls in front of the swine if the only use for CX ends up being used to make online prediction market for sports betting.

One of the Skycoin devs, told people to buy Byteballs when it was at $0.10 and its at $700 or $900 dollars now too.

There are only four or five coins who have solid teams, who are able to execute and who are making technical innovations. Every single one of those coins have appreciated hundreds of times in value.

There used to be a multiple year buffer period between technical innovation, userbase growth and the price increase, but because of index traded funds the window to buy the non-shit coins has decreased from years to less than three months. Once a large fund decides to allocate 2% of its holding into a particular coin, the prices can go from $0.10 to $900 in weeks.

Yes.

We were going to do hardware and antenna development at the start, but someone else is doing all the components we need, so we found out that if we just wait a few years and do nothing, that the hardware would appear.

So then we started to focus on just the software. The software and ecosystem is the difficult part while the hardware is continuously improving.

>Running at 320+ MHz, the FE310 is among the fastest microcontrollers in the market

This is a microcontroller, not a full CPU, so it can do signing of transactions, but it cannot run linux. We need 2 or 3 Ghz chips and a modern process, where as this is only 300 Mhz.

These chips would be suitable for a hardware wallet. Is there a price point per unit?

>Are you employed by IT resources?
>Your distribution rate of the 100 million coins is 0.1 every few months if the price is higher than the last.
>Every time you release an ICO only with higher prices the money goes 100% into development or also into debt financing to IT Resources who originally funded the project?

C2CX was funded by ITR group.

The Skycoin developers are not employed by ITR or C2CX. I do not work for ITR.

C2CX did the website for Skycoin.net (but the new website is by someone else).

C2CX also debugged the Skycoin CLI and API for getting the coin launched and traded. Lots of bug tracking work. Also wallet QA.

Skycoin Project does not owe any debt to C2CX/ITR and C2CX/ITR does not have any debt that I know about. The company is completely owned without investors or debt.

>So 6 percent released to the public since 2013?

Yes.

There is a JSON API for seeing the distributed coins and the addresses the undistributed coins are locked in. There should be an "API" page on the explorer.skycoin.net website, documenting the API.

>Decentralized internet coming out of China and one coming out of Scotland

Why does Scotland need internet?

Skycoin has Chinese, Russian, Israelis and Americans. And New Zealand and Ireland.

I cannot even keep track of it.

The price has been doubling every 40 days, for how many years now...

If you are going to buy, keep waiting for it to double another twenty times.

We distribute the coins at the minimum rate, so that there is an order book and so people can buy them. If the liquidity freezes up and people cannot buy, then sometimes we "inject more liquidity", but not more than needed.

The market is clearing and volume is healthy for this point, so we can ignore the market completely and go back to development and getting the big stuff launched. I stopped looking at the ticker at all. I only check it once a week.

We also tried to sell to only people with a long term time preference and to scare off speculators.

We also tried to distribute the coin over the largest number of people possible, with caps of 10 BTC.

We also tried to ensure that contributors received coins.

And we tried to ensure ownership among people with development and media assets, or who can otherwise assist in the endeavor.



There is a dillution/inflation cap
- 5% of coin in circulations means max of 20x max dilution ceiling
- 10% of coins in circulation means max of 10x max dilution ceiling
- 20% of coins in circulation means max of 5x max dilution ceiling
- 25% of coins in circulation means max of 4x max dilution ceiling

- I think we will reach the 20% to 30% distribution benchmark by next year.
- 10% of distribution will be to nodes for Skywire and BBS and building out community/infrastructure and driving adaption
- then distribution will probably be around 5% per year for 14 years. It will probably be time locked in code. Meaning max dilution per year will be less than 25% per year (0.5 / 0.20, assuming 20% distribution total and a maximum distribution of 5% per year; but in reality, less than that).

We are suppose to do something like this.

We hired two people, two separate times, to gather up the bitcoin talk thread people and PM them codes. And each time, they never did it. So it just fell through.

We are probably going to try to do it again. It is more complicated now, because the coin is trading now.

We are also trying to put together a bounty program.

The coins will probably be distributed over 14 years.

The distribution rate has been pretty constant for five years now.

Yes. We are planning on doing RISC-V.

We are trying to get a $30 million government R&D grant for public private partnership in order to fund dual use RISC-V open source CPU ASICs. That would be competitive in price and performance with existing ARM processors. The ideal thing is to get someone else to pay for it completely, but doing it this way is slower and is based upon relationships.

RISC-V already runs on FPGA, so the engineering overhead on our side would be rather low. Cutting out the wifi, video card and all of the junk on a modern ARM processor, also cuts down the chip area and improves the yield.

China currently has domestic MIPs processors for military, government and domestic applications. Russia has also developed their own domestic ARM processors for military and government.

I think the next generation is definitely looking at moving from MIPS to RISC-V.

We have to build our own demand and consumer market, for the volumes to make sense. When we need to ship several hundred million a year, we are definitely commited to dedicated ASICs. However, we believe a competitive market for these ASICs will develop even if we do no do them themselves. It may be better, to subsidize the engineering and development costs for promising projects rather than doing it ourselves (unless we can get a government or large sponsor willing to fund the whole toolchain).

The end goal is always open source hardware. Some of the early ICO money went towards modest funding of an end-to-end completely open source FPGA tool chain. However the open source compatible FPGAs do not have the gate count to run a full CPU yet.

The cryto and routing protocol for Skywire, was designed to be FPGA native. So we may end up skipping RISC-V and going to to FPGA for the networking layer, leaving secure RISC-V processors for applications and

Skycoin's CX programming language (github.com/skycoin/cx) is being designed for RISC-V type processors with explicit load/store at each cache level and with no CPU flags (add and add and jmp if carry are separate instructions).

>is skywire layer 7 application protocol, riding on top tcp/ip like most everything else?

Skywire will run over anything that can transmit bitstreams. Including HAM radio, Wifi, Ethernet, UDP, TCP/IP and even embedding chained messages in a DHT. It is even designed to work with asymmetric connection topologies that can only transmit or can only receive.

> I am still eager to see the specifics regarding future distribution, but I think it is actually pretty wise of them to retain control over distribution (for now at least)

When Skycoin's market cap is ten billion dollars, then we can start doing serious infrastructure investment.

Skycoin's market cap and specifically its usefulness is tied to physical infrastructure. The velocity of money and real spending (not speculative spending, but real economic activity), is going to be a linear function of specific infrastructure that the project needs to bootstrap.

Some of these ASICs for SDR can cost $5 million to $20 million each. Some of the things we want, require expensive, highly specialized analog/digital ASICs. The RISC-V ASIC may be $30 million dollars and have no other existing consumer market, but be absolutely necessary to deliver particular security guarantees to network stakeholders.

For custom PCB boards and more control over the hardware toolchain and to bootstrap and open source ecology, among several companies is going to be at least $120,000 to $600,000 but offset by consumer orders.

We may also need to get full time staff, to compile our own linux distribution and for preparing deterministic build setups for packages and completely removing binary blobs from the kernel.

Security architecture and hardening is going to be a large issue, because I do not think the MtGox style exchange heists are over yet. The Intel and AMD remote management engine back doors are in the public domain now and it is going to be almost impossible for anyone running servers on AMD or Intel hardware to keep their coins from being looted and pillaged.

Open source hardware wallets and RONJA hardware is another area we can invest in.

Distribution:

Skycoin's development model is basic upon ASICminers, because their approach was very successful. They were the first cryto-stock to exceed a hundred million dollar market cap and they did not even have a blockchain to track equity ownership because Ethereum did not even exist yet and I think Bitcoin was still at $8.

The more Skycoin are "distributed", the less each of them is worth. For instance
- ASIC miners takes money and invests in hashing power and pays a reward to their investors
- A. ASIC miners sells 1 million shares at $5 a share, and buys 50% of hashing power
- B. ASIC miners sells 2 million shares at $5 a share, and buys 50% of hashing power

- In both cases the value of the shares went up hundreds of times and the reward pays off the cost of a share hundreds of times.
- However, the pie is the same size for both A and B.
- In B, the pie is divided among twice as many people, so each person gets half as much

Skycoin really should be priced as an equity, with a cap on the issuance. Issuing more Skycoin, means the pie (the value of the network and the velocity of money from real economic activity) is divided among more coins, but the value itself of all coins equals the value of the network.

If there are 100 million Skycoin issued, then the value of the network is divided more per coin than if only 10 million Skycoin are issued.

Skycoin blurs the boundaries between different types of assets, because of its design
- a crypto-coin (fixed cap)
- an equity (coins representing shares of value of network/economic activity, stock buybacks from economic operations through skywire)
- a fixed income instrument (coin-hours)
- a crop-share
- a store of value
- value derived from use
- an open ended investment fund (infrastructure development/investment)

It is going to get very confusing for several reasons
- coins are issuing coin-hours (that can be used to rent network capacity flows)
- coins are also used as a currency
- a person can "rent" (buy coin hours) or buy a share of network capacity flows (buy coinhour producing assets, equivalent to a crop share or stake of network ownership). (stocks and flows are different units and have to be treated differently or the equations do not balance or even have the right units).
- there are buybacks (a tithe from skywire operation used for skycoin buybacks)
- there is directed infrastructure investment for demand creation (both in software, the ecosystem and later in physical hardware and physical infrastructure)

This is an experiment in a new economic model.

One example, besides ASICminer is STEEMIT
- STEEMIT has miners who receive coins for generating blocks
- A percentage of the coins received by miners are allocated to a content platform
- people who create content on the platform are given given (based upon user votes and content popularity)
- The content attracts users, some of whom then on to purchase STEEMIT tokens to tip content creators

These are all struggling attempts, experiments at creating a closed economic system of consumption and production (a microcosm of society), within the context of a crypto-currency. Bitcon, STEEMIT, gnosis and Ethereum are really embryonic. No one has succeeded in creating an actually, closed, self sustaining system of consumption and production. None of these coins have engineered, designed or implemented a closed loop economic system yet.

Right now, the crypto markets are completely driven by speculation and new capital inflows (unsustainable). People are investing hundreds of millions of dollars in ICOs and buying at a dollar, to sell at $5 while no real value is being created, no real economic activity is occurring and the development teams have done nothing by market and hype.

This can only continue for as long as you have an exponentially increasing wave of new capital flooding in (and this probably going to continue for at least a decade). While the volume of money coming in to a market, is increasing at a faster rate than the money leaving, then everything can go up all the time, regardless of merit, purpose or common sense.

You are going to see people, holding vast holdings of hundreds of millions of dollars in nominal coin wealth on paper, who are unable to convert their "wealth" to anything or spend it. They are going to have $3 billion dollars on paper, but it wont be liquid because it will take them 500 years at the rate of liquidity the market will allow, to convert the coin into anything else without tanking the market.

You have to differentiate between demand that is created by speculators and demand that is created by real economic activity and use value. Speculative demand can evaporate as a matter of opinion, while demand and transactions generated by real economic activity is immutable and eternal, and exists independent of opinion (speculation).

The reason we have so many ICOs, if that coins can raise 10 million dollars, then for every $1 in marketing, they can produce $10 in new capital inflows. So everyone makes money (in the short term), but these flows are merely speculative capital inflows and do no represent real wealth or real economic activity. However, this situation can continue for as long as new capital continues to flood into the crypto asset class and may continue for a decade or two at the current rate.

Skycoin was built with a very specific economic philosophy and outlook. The people who understand that philosophy are not telling us to "distribute" more coins carelessly, they are saying "Why raise money by selling coins at $5, when you can wait a while and sell them at $50". The whole point of raising money, is that we can invest $1 and create $50 in network value. If we are only getting $0.50 on the dollar for every dollars we put in, then its malinvestment and we should not be doing it.

I have met people who are going to regret everyday for the rest of their lives that they did not buy Bitcoin when it was at a penny. I think if the Skycoin project delivers on 1/3rd of its objective, there are going to be people who will commit suicide and kill themselves, because they did not buy Skycoin when they could. And Skycoin is only designed to be a niche coin, in a specific, strategic, defensive part of the ecosystem.

So there is a compromise between a well defined targeted, specific audience and something like Dash, Monero and Bitcoin. The larger positions are often not defensible and any innovation (in marketing or technical) is easily and rapidly copied (open source software). Meaning that there are only a few defensible or long term stable niches in the markets.

If you actually look at what Skycoin is doing and can understand it. Then no one would want to copy it, they would not want to commit the resources to it, they would not be able to find the resources and even if they could, there would be far easier ways to make quick money. Why spend six years building something long term, when you can do zero development and raise 250 million dollars with an Ethereum token tomorrow, without having to deliver anything?

The reason I think people will literally kill themselves for not investing in this or that crypto, is fairly simple.

If you look at how many hundreds of trillions of dollars there are offshore being hunted down and money in toxic assets, non-performing debt and speculative bubble that have not popped yet, the number is beyond comprehension. In some scenarios if governments do not freeze accounts and do "bail ins" and grab money out of circulation, restrict capital flight, or suspend asset sales we could see a bubble phase of fleeing capital, where cryptos end up priced at a multiple of total world assets (or atleast at levels comparable to the value of all gold and government fiat).

You have banks and scam artists looting whole countries like Greece with engineered debt scams and seizing pension funds, then sizing up other countries and asking "Can we do this to Germany?", "Could we get away with this in America?", "Can we do this to Russia again like we did in 1994?". These people are plundering and looting whole nations, to the degree that they have so much money they have already bought up all the liquid real assets available.

I have no idea how they are going to fit their trillions of dollars of loot and plunder into this 80 billion crypto asset class, but that is what they are going to do. When the whole asset class goes up 100x, anything you buy is going to go up. You are going to see people peddling the peak of human retardation, becoming billionaires overnight.

I think under some scenarios, we could be entering a bout of temporary insanity and the largest asset bubble in human history, for at least the last five hundred years. At the same time as the largest financial crisis and catastrophic implosion of empire in the past five hundred years.

Update:

The prototype for the Skywire miner is done.

"Dedicated hardware for the new internet".



This is
- 8 CPU boards
- 2 GB of RAM per board
- 4 CPU cores per board
- 64 GB of storage per board
- 64 bit linux (Alpine Linux)
- gigabit ethernet, 8+1 port switch

- We are doing a production run of 300 units
- We are getting the software toolchain for automated deployment and being able to deploy and configure the Skycoin daemons/nodes/processes across a cluster (Skycoin node, CXO node, consensus node, Skywire node, bbs node, sky-exchange node, etc)
- Working on  reverse SSH proxy and firewall hole punch and the administrative tools.

The initial target is to be "zeroconf"
- zero configuration
- plug it in and it will start reporting to a command server and you can start deploying processors

The VPN and Socks5 proxy is done, but we are still implementing bandwidth metering and settlement and clearing in Skywire. You wont be able to receive coins for operating the network, until metering and then settlement/clearing is implemented. This could take two months.

You still have to peer nodes and clusters by hand, but after Sky-messenger ( github.com/skycoin/net ) is working, we should have a chatbot and be able to peer clusters by public key.

For second hardware generation will want to add
- OLED screen in the front, for RAM/CPU/Bandwidth, Skycoins per hour
- OpenWRT router
- SATA ports on the board for at least 4 CPU boards or m.2 when its available
- 32 and 64 board models

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

---









---

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.

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.

The new build should fix this. We will get it on website soon.

I have your bitmessage message and it did not arrive for five weeks after you sent it. Since you messaged on bitmessage and there were problems there, can back date the ICO order for you. What is the best messaging method.

If we are only talking about a mysterum type VPN, like this
- https://mvp.mysterium.network/

Then this could be part of next two months.

We have to determine what scope is for deliverables for next two months and the marketing plan. The VPN is just a useful toy to hold people over. We need to get one more developer and a build engineer and we could have it on the website fairly quickly.

However,
- distributed social media (this is also almost done or working now, but last 10% is 90% of the work because of bug fixes and usability)
- new wallet
- trading bot (for keeping the markets synced)
- skycoin messaging protocol (needed for internal use, not for user centered app)
- QA issues (bug fixes, new wallet builds)
- consensus integration and consensus explorer
- massive marketing and communication backlog, that is only getting done slowly

We have to choose the scope and determine what we will get done in the next two or three months.

I think
- release first version of BBS (toy, start of multi-phase project)
- release first version of VPN/Skywire (useful toy, start of multi-phase project)
- marketing materials (infographics, storyboard, video, educational materials)

Those are the three important and high priority things.

I cant control the Bitcoin price. Every time we do an ICO, some event happens, like
- all the bitcoins in the Chinese exchange are frozen for four months
- or the price goes from $1000 to $3000
- Bitmessage gets hit by DDoS attack and stops working
- Bitcoin goes from $300 to $850
- Skycoin should be pegged to Bitcoin, but its not because the C2CX order book only have SKY/Yuan support and not SKY/BTC support
- etc

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The reason it took weeks to respond to the bitmessage, was because sometimes it takes three months for messages to be received on Bitmessage.

And normally we resolve the issues quickly. We had several dozen people who had problems and could not get into the ICO and we had to do those by hand. And we have a community manager on telegram now and C2CX handles some types of customer support problems.

We dumbed down the message into 5 second sound bite, "Skycoin. First new consensus algorithm since PeerCoin"

And then started shouting that from the roof and the price has already gone up 50%.

"Bravo has electrolytes.", "Bravo has what plants crave!".

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I want to run troll banner ads and then track what percentage of people buy the coin vs real ads

"Skycoin blocks have 50% more free!"

"Skycoin blocks are 200% bigger"

The "big and fast" blocks campaign.

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Its very difficult to distill the marketing down into simple messages.