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Author Topic: [SKY] Skycoin Launch Announcement  (Read 353790 times)
ANDREW 555
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June 24, 2018, 08:44:43 PM
 #3861

Partnership With Binance
https://coindar.org/en/event/skycoin-sky-partnership-with-binance-11003
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June 24, 2018, 10:31:24 PM
 #3862


Wow - clearly Binance have not done their homework.  This is one of the problems with the cryptocurrency space, it moves so fast, with so many new actors it seems that even respected organisations either do not have the time to investigate a company and it's leadership properly, or are simply letting the $$ speak, regardless of integrity of the company and it's leadership.   This will all catchup to these exchanges one day and you can count on repercussions.  So who will pay for the time and effort it takes to properly vet these multi million dollar corporations?   Clearly exchanges are unwilling or unable to do this themselves.  So who will?  Central, governing authorities will.  It is a shame that this space as immature (and I am not referring to its age) and so greedy that we in fact need regulation to the extent that every company will be forced to pay for third party audits at every level of their operations.

All due to the bad eggs.  And SKY under the leadership of the man that calls himself SYNTH is now a bad egg.  Its lack of transparency, and shady operations, together with the utter contempt it shows its own investors has created a climate of resentment and anger.  What happens when this occurs?  BIG brother sees an opportunity to enter with it's guiding hand of regulation, and we all pay for it.   
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June 25, 2018, 09:24:35 AM
 #3863


Wow - clearly Binance have not done their homework.  This is one of the problems with the cryptocurrency space, it moves so fast, with so many new actors it seems that even respected organisations either do not have the time to investigate a company and it's leadership properly, or are simply letting the $$ speak, regardless of integrity of the company and it's leadership.   This will all catchup to these exchanges one day and you can count on repercussions.  So who will pay for the time and effort it takes to properly vet these multi million dollar corporations?   Clearly exchanges are unwilling or unable to do this themselves.  So who will?  Central, governing authorities will.  It is a shame that this space as immature (and I am not referring to its age) and so greedy that we in fact need regulation to the extent that every company will be forced to pay for third party audits at every level of their operations.

All due to the bad eggs.  And SKY under the leadership of the man that calls himself SYNTH is now a bad egg.  Its lack of transparency, and shady operations, together with the utter contempt it shows its own investors has created a climate of resentment and anger.  What happens when this occurs?  BIG brother sees an opportunity to enter with it's guiding hand of regulation, and we all pay for it.    

Let me get this straight. Binance having entered a partnership with Skycoin does not mean that people like yourself who have been calling Skycoin a scam all year are just waging a FUD campaign. It means that Binance, despite having raised a modest 15 million dollars in its 2017 ICO and subsequently becoming the most successful crypto exchange in the world, is incompetent?
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June 25, 2018, 09:31:11 AM
 #3864

It will be huge and thus help in the efficiency of operations in the long term. The project is developing very quickly !!!) The concept on this site is such a luxurious, very promising information. Thanks to the team that worked on this powerful project!!

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June 25, 2018, 10:12:19 AM
 #3865


Wow - clearly Binance have not done their homework.  This is one of the problems with the cryptocurrency space, it moves so fast, with so many new actors it seems that even respected organisations either do not have the time to investigate a company and it's leadership properly, or are simply letting the $$ speak, regardless of integrity of the company and it's leadership.   This will all catchup to these exchanges one day and you can count on repercussions.  So who will pay for the time and effort it takes to properly vet these multi million dollar corporations?   Clearly exchanges are unwilling or unable to do this themselves.  So who will?  Central, governing authorities will.  It is a shame that this space as immature (and I am not referring to its age) and so greedy that we in fact need regulation to the extent that every company will be forced to pay for third party audits at every level of their operations.

All due to the bad eggs.  And SKY under the leadership of the man that calls himself SYNTH is now a bad egg.  Its lack of transparency, and shady operations, together with the utter contempt it shows its own investors has created a climate of resentment and anger.  What happens when this occurs?  BIG brother sees an opportunity to enter with it's guiding hand of regulation, and we all pay for it.   

Well I think binance did their homework pretty well. If you rethink what the year long plan for the skycoin ecosystem is, you would realize how important that step is. You can think about the project whatever you like, but there is still far more action behind the scenes. I don't think binance is in any need to connect the reputable exchange in any sort of bad publicity.

R
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July 01, 2018, 11:20:44 PM
 #3866


Wow - clearly Binance have not done their homework.  This is one of the problems with the cryptocurrency space, it moves so fast, with so many new actors it seems that even respected organisations either do not have the time to investigate a company and it's leadership properly, or are simply letting the $$ speak, regardless of integrity of the company and it's leadership.   This will all catchup to these exchanges one day and you can count on repercussions.  So who will pay for the time and effort it takes to properly vet these multi million dollar corporations?   Clearly exchanges are unwilling or unable to do this themselves.  So who will?  Central, governing authorities will.  It is a shame that this space as immature (and I am not referring to its age) and so greedy that we in fact need regulation to the extent that every company will be forced to pay for third party audits at every level of their operations.

All due to the bad eggs.  And SKY under the leadership of the man that calls himself SYNTH is now a bad egg.  Its lack of transparency, and shady operations, together with the utter contempt it shows its own investors has created a climate of resentment and anger.  What happens when this occurs?  BIG brother sees an opportunity to enter with it's guiding hand of regulation, and we all pay for it.    

This opinion is clearly payed FUD.  

Skycoin is one of the best projects and Binance knows this. That is why they make a partnership.

Many posts will be written to damage Skycoin because the goverment fears this project.

Fuck you liars spreading lies about skycoin.  

Fuck you for taking money to give out false information and spreading FUD about Skycoin!

Shame on you @MrSquiggle!!!
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July 03, 2018, 03:09:18 AM
 #3867

Can anyone tell about the distribution of the Sky? How many coins does the Synth have, how many undistributed, whether there will be any drops, sales, etc.
I read the blog on the sky site with distribution tag, but it's not clear for me.

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July 03, 2018, 10:12:12 AM
Merited by prix (2)
 #3868

Can anyone tell about the distribution of the Sky? How many coins does the Synth have, how many undistributed, whether there will be any drops, sales, etc.
I read the blog on the sky site with distribution tag, but it's not clear for me.

Synth and other core devs of the project may have custody of undistributed Skycoins, though they do not own them. It is not legal in any country to embezzle funds owned by the Skycoin foundation to use for personal gains. These laws are enforceable.

Skycoin uses a novel distribution scheme that i will explain below, and direct you to a fine article that presents another perspective on the matter.

Conventional cryptocurrency distribution will involve ICOs, airdrops, or block rewards. ICOs and airdrops tend to occur over a very short time period and participation ends up being very exclusive. On the other hand, Block rewards are paid out to those who participate in a given consensus algorithm. The behavior of consensus node operators becomes focused around receiving the block reward. This leads to fierce competition, raising the barrier to entry, and/or the formation of mining pools, which act as cartels. These conventional distribution systems have demonstrated a tendency to contribute to the centralization of coin supply, destructive exploitation of policy (ex. spamming transactions to inflate fees.), and development-inhibiting influence over the consensus algorithm.      

Why dont DEV'S think about a better way to distribute coins? Then the markets wouldn't end up in a mess.

So for example they always say there's just no fair way to distribute coins/tokens because there's always whales that want to get in on the project early and so they buy up a shit load of coins/tokens at the issue price which is really cheap, then the whales end up controlling the market, because they are the only ones who can dump a shit tone of coins and watch the price drop.

Cannot a solution to this problem be:

BUY LIMIT to how many coins/tokens can be purchased by an individual.

example: max purchase 10,000 SKY per person per MONTH.

Possible or impossible?

Unfortunately there is no way to ensure that markets do not end up in a mess. The whales already exist and they will exert their influence on all markets they can. The only way to inhibit the whales is to establish a strong intrinsic value for a coin through application of the coin within a thriving ecosystem, while at the same time making it impossible for whales to buy up enough coins to control the market over the long run. You cannot depend on the general public to have strong hands in the short term. They will be spooked by every FUD, obediently transferring their wealth to the hungry whales at the drop of a hat.

Skycoin is limiting the number of coins that can be obtained via distribution by locking up the undistributed coins and slowly releasing them over a matter of decades. All undistributed coins are owned by the Skycoin foundation. A foundation is a type of organization, a legal entity, where unlike a corporation, there are no shareholders. The foundation owns itself. The current supply of Skycoin includes 9 million in circulation, and 16 million undistributed. 75 million Skycoin are not yet available for distribution, and will only be released under strict conditions and at a dramatically slowing pace as a percentage of circulating coins.

The distribution plan boils down to:
1. No additional Skycoins become available until the initial 25 million have gone into circulation.
2. No additional Skycoins become available until all undistributed coins have gone into circulation.
3. After the first 25 million, 5 million coins at a time are unlocked and made available for distribution.
4. Batches of 5 million Skycoins can be unlocked and made available at a rate of no more than once per year.

Here is an excellent article by Christian Ott, with infographics and annotations, explaining the history of Skycoin distribution, how it will work in the future, and expressing his concerns . It should be noted that the current automated OTC teller is provided by CryptoWolf, and is OTC passthrough, meaning that only coins already on the market are made available. As of now, no further OTC distribution of Skycoin is planned for the future.  Also, the amount of Skycoin subsidizing Skywire infrastructure and used in coinhour buyback will need to be sufficient to support growth of the infrastructure, it will be adjusted over time to ensure this. Skywire is not the only Skycoin incentivized application that is being developed, and it can be expected that much of the distribution going forward will be supporting not only Skywire, but other projects as well.
https://christianott.co/skycoin_distribution_en/
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July 03, 2018, 10:18:58 AM
 #3869

Can anyone tell about the distribution of the Sky? How many coins does the Synth have, how many undistributed, whether there will be any drops, sales, etc.
I read the blog on the sky site with distribution tag, but it's not clear for me.

Synth and other core devs of the project may have custody of undistributed Skycoins, though they do not own them. It is not legal in any country to embezzle funds owned by the Skycoin foundation to use for personal gains. These laws are enforceable.

Skycoin uses a novel distribution scheme that i will explain below, and direct you to a fine article that presents another perspective on the matter.

Conventional cryptocurrency distribution will involve ICOs, airdrops, or block rewards. ICOs and airdrops tend to occur over a very short time period and participation ends up being very exclusive. On the other hand, Block rewards are paid out to those who participate in a given consensus algorithm. The behavior of consensus node operators becomes focused around receiving the block reward. This leads to fierce competition, raising the barrier to entry, and/or the formation of mining pools, which act as cartels. These conventional distribution systems have demonstrated a tendency to contribute to the centralization of coin supply, destructive exploitation of policy (ex. spamming transactions to inflate fees.), and development-inhibiting influence over the consensus algorithm.      

Why dont DEV'S think about a better way to distribute coins? Then the markets wouldn't end up in a mess.

So for example they always say there's just no fair way to distribute coins/tokens because there's always whales that want to get in on the project early and so they buy up a shit load of coins/tokens at the issue price which is really cheap, then the whales end up controlling the market, because they are the only ones who can dump a shit tone of coins and watch the price drop.

Cannot a solution to this problem be:

BUY LIMIT to how many coins/tokens can be purchased by an individual.

example: max purchase 10,000 SKY per person per MONTH.

Possible or impossible?

Unfortunately there is no way to ensure that markets do not end up in a mess. The whales already exist and they will exert their influence on all markets they can. The only way to inhibit the whales is to establish a strong intrinsic value for a coin through application of the coin within a thriving ecosystem, while at the same time making it impossible for whales to buy up enough coins to control the market over the long run. You cannot depend on the general public to have strong hands in the short term. They will be spooked by every FUD, obediently transferring their wealth to the hungry whales at the drop of a hat.

Skycoin is limiting the number of coins that can be obtained via distribution by locking up the undistributed coins and slowly releasing them over a matter of decades. All undistributed coins are owned by the Skycoin foundation. A foundation is a type of organization, a legal entity, where unlike a corporation, there are no shareholders. The foundation owns itself. The current supply of Skycoin includes 9 million in circulation, and 16 million undistributed. 75 million Skycoin are not yet available for distribution, and will only be released under strict conditions and at a dramatically slowing pace as a percentage of circulating coins.

The distribution plan boils down to:
1. No additional Skycoins become available until the initial 25 million have gone into circulation.
2. No additional Skycoins become available until all undistributed coins have gone into circulation.
3. After the first 25 million, 5 million coins at a time are unlocked and made available for distribution.
4. Batches of 5 million Skycoins can be unlocked and made available at a rate of no more than once per year.

Here is an excellent article by Christian Ott, with infographics and annotations, explaining the history of Skycoin distribution, how it will work in the future, and expressing his concerns . It should be noted that the current automated OTC teller is provided by CryptoWolf, and is OTC passthrough, meaning that only coins already on the market are made available. As of now, no further OTC distribution of Skycoin is planned for the future.  Also, the amount of Skycoin subsidizing Skywire infrastructure and used in coinhour buyback will need to be sufficient to support growth of the infrastructure, it will be adjusted over time to ensure this. Skywire is not the only Skycoin incentivized application that is being developed, and it can be expected that much of the distribution going forward will be to support these vital projects.
https://christianott.co/skycoin_distribution_en/

Thanks for the very detailed explanation of the distribution scheme. I have to agree that it does not get very clear in other sources and this can lead to some confusion or even FUD.

R
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July 03, 2018, 10:48:05 AM
 #3870

I think this is the best time to look at Skycoin as an investment. Price is good, the volume will grow. FUD keeps the price low and is worth to accumulate some when is still cheap. Skycoin is good crypto and I will be not surprised if starts to up at any time.

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July 07, 2018, 02:40:37 AM
 #3871

Has there been any update as to what the cost of buying a rig will be? I think its 1 BTC per miner plus reimbursements in sky coin equal to one BTC. I'm ordering parts to build one but just looking to see if they put a retail price on their own rigs.

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July 07, 2018, 12:51:53 PM
 #3872

hello i want to know please if there is anyone who can enlighten me on the method of mining of SKY COIN
and I want to know if this piece will increase at the price by the end of 2018
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July 07, 2018, 12:56:27 PM
 #3873

I think this is the best time to look at Skycoin as an investment. Price is good, the volume will grow. FUD keeps the price low and is worth to accumulate some when is still cheap. Skycoin is good crypto and I will be not surprised if starts to up at any time.
I like Skycoin project the technical side is incredible. idea of decentralising everything by building dedicated hardware, that is a serious great idea.

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July 07, 2018, 01:03:05 PM
 #3874

Hello ladies and gentlemen
I am new
and i want to know how to get ico offers to win free chips and still cheaper chips
and thank you for your cooperation and we hope that this area is more advanced than it is today
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July 19, 2018, 07:38:13 PM
 #3875

Skycoin is presenting partner of BLOCKCHANCE Conference Hamburg 2018, Germany

https://www.skycoin.net/blog/statement/skycoin-is-presenting-partner-of-blockchance-conference/

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