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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SKY] Skycoin Launch Announcement
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on: February 19, 2015, 08:05:42 AM
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No it won't be banned, because it is mostly traceable and the authorities love it because naive are putting all their incriminating transactions there. They G20 tax hunt will cometh and the block chain ledger will be cursed by the faithful. China hates it because they have no need to hunt for taxes, and thus it only represents a western invasion of the taipan's control over the economy (but the Communist Party will lose in the end). When the Chinese own it, they will allow it. Or the grassroots will use it without being caught. And that is why I have an idea that can both help Bitcoin and drive an altcoin. Careful you can lose weeks reading Armstrong. skycoin can u work together with the idea and drive skycoin? it sounds very tempting |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SKY] Skycoin Launch Announcement
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on: February 17, 2015, 10:15:11 PM
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My dream team would be mr. Skycoin + AnonyMint no doubt.  I just fear both are too perfectionists to get a project actually completed unless it's just perfect, and nothing ever will be. You misinterpreted my criticisms of other altcoins as being a perfectionist on shipping code. I ship first, perfect later. My comments about other altcoins were critical about trajectory and priorities. I prefer to focus on one killer feature that drives adoption, than to deliver a complete product that does every feature imagined to be important yet really aren't essential. Ship first ship first one killer Feature first , please listen skycoin |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SKY] Skycoin Launch Announcement
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on: January 31, 2015, 05:46:00 PM
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It seem like most of these proposed features (enforceable contracts, distributed trust-less exchanges, reputation systems etc) all come from the core feature of cross chain transactions. Cross chain transactions allow adding other currencies/goods to the economy that can be securely exchanged. This is a very powerful feature which solves tons of problems including the scalability ones (you can shard the currency if the distributed consensus becomes too expensive, or even add ultra low transaction cost centralized sub-currencies that can be converted back to any other currency)
I've looked into cross chain transactions before: the idea is not at all new. I've just never seen anyone claiming they had a way to do it (If I missed one, please direct me to it. ZeroCoin seemed kinda close, but didn't solve the general problem as far as I could tell). I tried to design some solutions myself, but I was unsuccessful (No surprise since I'm not an expert). If Skycoin really does solve the cross chain transaction problem, then I think we really have something here. I hope this is the case.
However I have a couple of doubts: Skycoin appears to claim supporting cross chain transactions involving existing currencies that have their own block chains already that are not effected by skycoin's. This means that actions on the skycoin side (such as a transaction failing to get included due to being involved in a double spend) can not effect the other block chain. If one version of a skycoind/bitcoin trade transaction gets accepted on the bitcoin side, but a double spend is issued on the skycoin side, I don't see how both sides would be guaranteed to reach the same consensus. Even more confusing to deal with: suppose bitcoin forked, what happens then? A block chain forking is a perfectly valid and acceptable thing (if there is a legitimate disagreement about some transaction's validity, then its forked. Usually one side is mostly abandoned (but still existent), but thats not guaranteed)
Secondly: I don't see how these problems could be solved, even within skycoin one block chains. Solving it there seems more likely to be possible, but I still don't see how it can be done. I won't say it can't be done (cryptography does pretty amazing things), but the explanation for how that works is the main thing I'm looking for.
To be clear though, even if Skycoin fails to deliver a cross chain transaction solution, it still looks like it has a lot of potential, but I'd start to be more suspicious if such a significant claim ended up being false.
You can add to the list of notably important claims the fact that they found another solution to the byzantine generals problem without the need of (PoW) mining. That's also pretty impressive and unique (AFAIK). It also seems that any questions relating to these features aren't being answered. Also I suspect the coder is a young teen from Hackforums (he's a bronnie and coupled with his writing style fits the demographic of an intelligent 12-14 year old scrypt kiddie from this forum) |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [SKY] Skycoin Launch Announcement
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on: January 31, 2015, 05:43:23 PM
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Next year there will have more promising projects
I can't imagine in 5 years
Just make a normal ipo and raise the max of btc dev
Investors will be happy and your pocket too
if u read all of thread, someone said that in the oldest post that op is a 14 year old that posts on some hacking forums. this explains why they dont care about windows. so far, there is no proof of more than one develper |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Post your deleted Syscoin posts here
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on: September 03, 2014, 02:05:39 AM
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I'm not expecting miracles overnight. I've been on the side of the Sys developers since day one. In the initial thread I said that the price would fall initially and that everyone would have to be patient. What's making me wary now is that I (a) don't see a clear roadmap to success and, (b) the price is falling a good deal more dramatically then I expected. I don't think the developers are scammers, but I'm trying to see how the coin is going to get out of this incredible hole.
if the devs botched the launched so dramatically, what gives you faith in their ability to recover and make a great coin? they really came of the gate so badly, its a very very dismal sign of their instincts. i think that is because they are also running another coin at the same time. check the team roster for kittehcoin, they are working on that at the same time ** Updates Table of Contents located at bottom of this post **
KittehCoin was originally launched on Christmas Eve Day, December 24, 2013. It was a GREAT coin, but it needed some work. The rewards system was broken. It was listed on an exchange a little prematurely, before the community was really ready for it. The coin's creator, Lonestar108, came into some issues that did not allow him to continue to work on the coin publicly. The community LOVED this coin, and we felt it needed help. Danosphere and ELEVEN OTHERS stepped up to the plate in an unprecedented effort to take over and improve a coin. We got straight to work. It has been a long month and a half, but we're finally ready!
New Coin SpecificationsCoin Type: Scrypt NEW Block Target: 60 seconds (increased from 30s) NEW Total Coin Supply: 25,000,000,000 (decreased from 50,000,000,000) Difficulty Readjustments: Every block, using kGWNEW Total coins: 25,000,000,000 coins. (reduced from 50B) Special reward system: Random block rewards with a minimum 1,000 MEOW per block Payout Schedule: Blocks 1 — 200,000: 1,000 – 50,000 MEOW Reward Blocks 200,001 — 400,000: 1,000 – 25,000 MEOW Reward (NEW rewards schedule starts here - note in reward schedule changes every 100k blocks from here down) Blocks 400,001 — 500,000: 1,000 – 12,500 MEOW Reward Blocks 500,001 — 600,000: 1,000 – 6,250 MEOW Reward Blocks 600,001 — 700,000: 1,000 – 3,125 MEOW Reward Blocks 700,001+ — 2,000 Reward (flat) The coin specifications will "kick-in" at block 126,250, all old versions of the wallet will NOT synchronize with the network after that date. Pool owners VERY IMPORTANT: Please update your wallets per the instructions above or your miners will stop producing valid blocks after block 126,250. The code it all on github.
Official website: http://kittehcoin.infoBlock explorer: http://kittehcoinblockexplorer.comPaper wallet service: http://kittehcoinpaperwallet.comWindows wallet: https://kittehcoin.info/wallet/win/kittehcoin_v0.8.6.2-kgw.zipMac wallet: https://kittehcoin.info/wallet/mac/kittehcoin_v0.8.6.2-kgw.dmgLinux wallet: Compile from code on github for your environment Updated source: http://www.github.com/kittehcoin/kittehcoinGAMES!!Coin-horse: https://coin-horse.com/MEOMineGamble: http://www.minegamble.comRapidBalls: http://meow.rapidballs.eu/Earth Realm v1: http://www.thisishowithink.comCryptoGamble: http://cryptogamble.euBombSweeper: http://bombsweeper.com/Exchanges!!CRYPTSYCoinedUpNewAltExBittrexEuropexAwesome! How can I help?The dev team does not have have a load of their own coins so we do encourage donations to: KTiU2iYZyykHG9EBbYZ85ygpWNReXtZbFm if you like what we are doing. These donations are used for promotions, giveaways and to fund bounties for games and other coin-related causes.
Team Roster:augi - Compiler / Mac and Unix developper coderboo - Crypto Expert danosphere - Lead dev, jack of all trades jonn4y - Web dev, iOS Dev, ninja Kotina - Web dev, master css and bootstrapper majsta - Mining partners, community outreach mbekhet - Web dev Mortimer452 - Math wizard, crypto expert, wiki curator sebastien1234 - Wiki curator, Forum mod, International PR organizer snipsnoop - Wallet compilation, applications developer Having Sync issues? KITTEHCOIN PEERNODE LIST
UPDATE 4/16: KittehCoin Status Update and Hard Fork Pre-AnnouncementUPDATE 3/8: Cleaned up the OP to reflect latest greatest links. UPDATE 2/14: As of 2/14/2014 the latest client is 0.8.6.2 w/KGW. Links and forkpoint updated. |
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