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Author Topic: [SKY] Skycoin Launch Announcement  (Read 379214 times)
coinspeed
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April 20, 2015, 02:13:40 PM
 #1961

Hi Skycoin,

How much is actually functional from the Partial Feature List in the OP?
How about setting up a website? Nothing fancy, even a wiki engine would do with perhaps a blog, so the information would be structured. There you could list the working features, roadmap, found bugs, nodes, etc.

I know that you have no time for this Cheesy but good communication is always of strategic importance. I can devote some time for this, if you're interested.

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April 21, 2015, 09:19:29 AM
Last edit: April 21, 2015, 09:29:53 AM by skycoin_xtc
 #1962


thanks for processing my payment and sending my SKY, good luck everybody  Smiley
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April 21, 2015, 02:51:19 PM
 #1963

Is SkyCoin actually a thing now? Final blockchain?

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April 21, 2015, 03:03:05 PM
 #1964

How will the projects like Google's Loon affect Skycoin?
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April 26, 2015, 05:33:41 AM
Last edit: July 05, 2017, 05:13:03 AM by skycoin
 #1965

Update:

Processing more receipts. Everyone who sent receipts will eventually get the coins requested.

IPO Support

At least one Chinese user in QQ chat has mentioned they have sent bitcoin and not received coins. The outputs are being double checked to make sure they are created, but if you have any problems, check

http://skycoin-chompyz.c9.io/blockchain/blocks?start=0&end=500
http://skycoin-chompyz.c9.io/outputs

If your coins appear there, but not in client then it means client is having difficult syncing.

If the coins do not appear there, message on Bitmessage and we will check ledger and resend coins

Todo:

The network has been operating for a few weeks now. It is working pretty well, but there are reliability issues over open internet that did not occur in the VPN testing environment.

The two major improvements that are needed are
- queuing pending transactions, ensuring they are executed, blocking wallet from creating new transactions until existing transactions are executed, putting indicator in GUI to allow diagnosis of transactions that fail to propagate
- major refactor of PEX (peer-exchange). Peer-to-peer works perfectly when every client is equal, fast, has reliable network connection, allow incoming connections and same version of software. In real world, we have encountered a bunch of edge cases that require a full refactor of PEX. PEX is the library that manages peer-swarms, exchanges peer introduction and is component for maintaining connectivity in peer-swarms. This is only used in Skycoin Daemon right now, but can be used to build other P2P applications in future.


Open Source Hardware Projects:

Open Source Laptop:
https://www.crowdsupply.com/kosagi/novena



USB Armory: Open Source USB Stick Computer
https://www.crowdsupply.com/inverse-path/usb-armory


Open Source Direct Frequency Synthesis.
https://www.crowdsupply.com/arachnid-labs/tsunami



Open Source Laptop with Linux OS with no backdoored binary blobs in the kernel
https://www.crowdsupply.com/purism/librem-15





China manufactures apple equivalent aluminum laptop cases. You put a motherboard in it and a screen and you have a laptop.

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April 26, 2015, 08:33:23 AM
 #1966


mind blown as always
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April 26, 2015, 02:38:45 PM
 #1967


stacking coin
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April 26, 2015, 11:58:03 PM
 #1968

I remember looking and not buying because the IPO was too low a % of total coins and too complex to buy a couple months ago.

What is the distribution graph for all coins and IPO coin release plan in a nutshell?

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    Twitter
      Gitlab
      Reddit
    Telegram
Whitepaper
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April 27, 2015, 09:30:18 AM
 #1969

 
Very interesting reading skycoin.
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April 27, 2015, 12:19:11 PM
Last edit: May 01, 2015, 11:53:59 AM by David Latapie
 #1970


Very interesting reading skycoin.

I quoted skycoin in my latest post about rationalizing what you can't change. Latest Skycoin's post is a great read.

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
Reputation threadFree bitcoins: reviews, hints…: freebitco.in, freedoge.co.in, qoinpro
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April 27, 2015, 01:27:34 PM
 #1971

BTC sent and coins received!
thanks Cheesy
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April 27, 2015, 01:37:39 PM
 #1972

I remember looking and not buying because the IPO was too low a % of total coins and too complex to buy a couple months ago.

What is the distribution graph for all coins and IPO coin release plan in a nutshell?


push  (same here)
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April 28, 2015, 03:07:52 AM
 #1973

I've been running Skycoin for a little bit with ports 5999 and 6000 open on my firewall, but noticed that it's only ever connected to two peers:

Code:
{
    "connections": [
        {
            "id": 8,
            "address": "188.226.147.61:6000",
            "last_sent": 1430190284,
            "last_received": 1430190284,
            "outgoing": false,
            "introduced": true,
            "mirror": 72500762,
            "listen_port": 6000
        },
        {
            "id": 9,
            "address": "188.226.245.87:6000",
            "last_sent": 1430190284,
            "last_received": 1430190284,
            "outgoing": false,
            "introduced": true,
            "mirror": 1084142601,
            "listen_port": 6000
        }
    ]
}

Is peer discovery turned off in the code at the moment or do I need to do something that I have not done?


"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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April 28, 2015, 03:11:00 AM
 #1974

No Russian translation needed for OP as I understand, right?
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April 28, 2015, 01:24:49 PM
Last edit: April 29, 2015, 12:30:30 AM by xyzzyx
 #1975

If the semi-conductor FAB cannot be trusted, they can insert backdoors that can be activated over radio and can ex-filtrate data over an LED trace pin.
- Deep submicron-backdoors http://www.slideshare.net/ortegaalfredo/deep-submicronbackdoorsortegasyscan2014slides

What I find interesting is that there are hobbyists who are working on making their own low-cost home-grown chip fabs.  Jeri Ellsworth demonstrated a rather crude but home made NMOS transistor using easily obtainable materials:

https://www.youtube.com/watch?v=w_znRopGtbE
https://www.youtube.com/watch?v=MxjppY1iA4A&list=PL5DCEA197C1C07A2D

Mr. Kim and John Sarik demonstrated using a repstrap 3D printer to print transistors using semiconducting inks (their original presentation seems to have been lost or scrubbed from the internet, but the following link has some of the information):

http://reprap.org/wiki/Printable_Electronics_Reference_Devices_and_Materials

Both of these examples are rather crude, and we are yet a number of years away from making any complicated or reliable systems, but it does demonstrate that integrated circuit manufacturing is within reach of amateurs.

In the future I imagine using re-purposed but off-the-shelf consumer grade piezoelectric inkjet printers to do the same but at a much smaller scale with more uniform results.


"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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April 28, 2015, 05:00:36 PM
Last edit: April 28, 2015, 05:11:21 PM by statdude
 #1976

Quote
IPO Tranches

2% of coins (2 million SKY, out of 100 million SKY. ~800 BTC ) will be sold on a first come first serve basis through Bitmessage.

1% of coins (1 million SKY, out of 100 million SKY. ~400 BTC) will be reserved at the IPO price for pool of Bitcoin usernames who have posted on this thread before this post.
- If there are 1000 users who posted to thread then, each account will be eligible to buy up to 1000 SKY each at IPO price

So how  is the other 97% distributed?

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April 28, 2015, 05:15:48 PM
 #1977

Quote
Distribution Over Time

- 40% to 60% of the coins will be distributed in the next five years.
- The undistributed coins will be locked in 100 blocks of 1 million coins and publicly verifiable.

The rational for the Skycoin Distribution is as follows:
- A slower distribution over time, will reduce volatility compared to distributing them all at once
- The distribution will be N coins per day. The rate will taper and decline over time, like Bitcoin
- If the price gets bubbly or goes up too fast, we will increase the distribution rate
- If the price goes down too far, the distribution rate will decrease to take downward pressure off the price.
- If the price falls down too far, we may buy coins back to stabilize and put in a price floor

Distributing coins over time, with a taper, (like Bitcoin) still encourages early adapters who come in after the IPO. It keeps the price low and allows a stable and gradual appreciation over time.

Instead of raising 30 million dollars at once, it is better if coins are sold off to pay on-going expenses. The expenses will increase as we hire more developers and hit milestones.

A large fraction of the coins will be distributed as bounties for development, to key contributors and subsidies for hardware.

Very interesting read, but not enough upside with 2% up front to dip my toe in IPO wise. Especially with the suggestion that coins will be sold off for "expenses". I've never seen that actually work out. Also still unclear how it's mined (or is it all premine and dev hands out what he wants).


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  Website
    Twitter
      Gitlab
      Reddit
    Telegram
Whitepaper
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April 29, 2015, 10:52:50 AM
 #1978

Quote
Distribution Over Time

- 40% to 60% of the coins will be distributed in the next five years.
- The undistributed coins will be locked in 100 blocks of 1 million coins and publicly verifiable.

The rational for the Skycoin Distribution is as follows:
- A slower distribution over time, will reduce volatility compared to distributing them all at once
- The distribution will be N coins per day. The rate will taper and decline over time, like Bitcoin
- If the price gets bubbly or goes up too fast, we will increase the distribution rate
- If the price goes down too far, the distribution rate will decrease to take downward pressure off the price.
- If the price falls down too far, we may buy coins back to stabilize and put in a price floor

Distributing coins over time, with a taper, (like Bitcoin) still encourages early adapters who come in after the IPO. It keeps the price low and allows a stable and gradual appreciation over time.

Instead of raising 30 million dollars at once, it is better if coins are sold off to pay on-going expenses. The expenses will increase as we hire more developers and hit milestones.

A large fraction of the coins will be distributed as bounties for development, to key contributors and subsidies for hardware.

Very interesting read, but not enough upside with 2% up front to dip my toe in IPO wise. Especially with the suggestion that coins will be sold off for "expenses". I've never seen that actually work out. Also still unclear how it's mined (or is it all premine and dev hands out what he wants).



It's all premined. Although it is verifiable, it requires trust. If the trust is broken, everyone loses in the long run. In the short run it is possible for skycoin devs to strategically leak or gain access to the coins over time with the illusion of increased demand. I've been following sykcoin for well over a year now and I believe even with the great ambition and skill they have, they aren't living in this reality if they think people will do their research and trust them. There needs to be no room for doubt of the integrity of the entire supply of skycoin.

Bitrated user: vanlovely.
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April 29, 2015, 05:37:59 PM
 #1979

Quote
Distribution Over Time

- 40% to 60% of the coins will be distributed in the next five years.
- The undistributed coins will be locked in 100 blocks of 1 million coins and publicly verifiable.

The rational for the Skycoin Distribution is as follows:
- A slower distribution over time, will reduce volatility compared to distributing them all at once
- The distribution will be N coins per day. The rate will taper and decline over time, like Bitcoin
- If the price gets bubbly or goes up too fast, we will increase the distribution rate
- If the price goes down too far, the distribution rate will decrease to take downward pressure off the price.
- If the price falls down too far, we may buy coins back to stabilize and put in a price floor

Distributing coins over time, with a taper, (like Bitcoin) still encourages early adapters who come in after the IPO. It keeps the price low and allows a stable and gradual appreciation over time.

Instead of raising 30 million dollars at once, it is better if coins are sold off to pay on-going expenses. The expenses will increase as we hire more developers and hit milestones.

A large fraction of the coins will be distributed as bounties for development, to key contributors and subsidies for hardware.

Very interesting read, but not enough upside with 2% up front to dip my toe in IPO wise. Especially with the suggestion that coins will be sold off for "expenses". I've never seen that actually work out. Also still unclear how it's mined (or is it all premine and dev hands out what he wants).




mc with IPO price 40.000 BTC.... not so much place to grow (imho)

IOTA
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April 29, 2015, 06:13:53 PM
 #1980

IPO Update:

Processing more ipo receipts. I am still processing the orders from February. My fingers are falling off from processing 1 Bitcoin orders.

I can only respond to 30 receipts per hour (~2 minutes per receipt, with breaks) and have a few hundred left.

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