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Author Topic: [SKY] Skycoin Launch Announcement  (Read 381231 times)
Chris001
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July 19, 2015, 03:06:34 PM
 #2061

Don't let him do more of those conspiracy theorists posts.

That just makes you all look like a bunch of conspiracy foil hat wearers.

Just post what you are doing, the tech looks interesting but those posts, damn wow.

Yeap, tired of conspiracy




That's a horrible and misleading group of results. If they are correct percentages, it still groups subjects that are true with those that are not. Some are reasonable beliefs, and some are just silly, i.e.- The sun revolves around earth?

The sun revolving around the earth represents the easiest to see point that shows the entire thing has an agenda.

The is data is being presented in a way so that it uses silly categories, in an attempt to get people associate those with reasonable ones.

On top of that

The controls to this are beyond suspect, I'm sure.


So what we see here is

- most likely faked results

- an obvious attempt to further mislead by associating reasonable subjects, with silly "crazy sounding" subjects.


ALL of this to try to make those that don't just trust the MSM, and know not to just take everything at face value, look like they are just crazy.


You act like you are "sick of conspiracy",
But then you post a horrible, cheap, pathetically obvious attempt at propaganda.




Really? What's up with that LOL

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July 24, 2015, 02:34:33 AM
 #2062

@skycoin
When will this coin list on exchange, is there any plan?
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July 26, 2015, 09:08:41 PM
Last edit: July 05, 2017, 12:43:37 AM by skycoin
 #2063

Update:

Priorities:

There are many thing we want to do, but have to focus and defer a lot of things for future. Right now, there are a few things in progress.

1> Porting crypto to golang.To cross compile (to compile skycoin for windows, android, linux and OSX from a single server) all the code has to be in golang. Skycoin crypto wraps a secp256k1 library. This is being rewritten to golang but is an incredibly difficult and time consuming task. The person working on this sounds like they are going mad. I have no idea how long this will take. Skycoin uses compressed elliptic curve points and signatures, so the library has to support these. Satoshi tried to use them for Bitcoin but gave up because getting them to work in openssl was too difficult and we have to do it from scratch. We have to do a lot of testing and generate billions of keys and signatures with both the new library and old library and make sure they get same results.

2> Skycoin exchange. We have to have exchange written from scratch. We need lib-bitcoin bindings for golang and there is contractor working on this. We dont want "paper skycoin". People never withdraw coins to wallets, so exchanges are free to sell fake coins that do not exist, in infinite quantities. If someone tries to withdrawal large numbers of coins to wallet, the exchange shuts down or delists the coin or stops withdrawals and goes and buys the coins up on a second exchange or just refunds the order in bitcoin at the current price. Many people are also buying paper bitcoin because they are not withdrawing the bitcoins to their wallet and the exchange is running fractional reserve. This severely suppressed the price of the altcoins and allows exchange operators to engage in massive price manipulation. For Skycoin we want to keep the bitcoins/skycoins in the wallet with the private keys on the computer as much as possible.

3> Hiring contractors. This is difficult. We have tried this a couple of times and it failed. If the project is too large or complex, then outsourcing fails. So we are trying to outsource smaller fixes and improvements that are limited in scope and are very clear.

4> Consensus implementation. No one is working on this right now, but its important that this gets done. The design for multi-round consensus is done and should be one or two thousand lines of code, its not that much. So will be done quickly after its started.

5. Getting the skycoin.net website up. The domain is registered and cloudflare is setup and has been for six months. There are four people with access to the account and I do not understand why the website is not online for wallet download.

Longer Term:

The GFW is a nightmare.  We funded three different teams to work on pseudo-wire implementation for tunneling traffic and designs for multi-hop, multi-homed VPNs. However, we now have VPN/TUN adapter code from the gohop project that works on linux and can seperate out the VPN front-end from the pseudo-wire implementation and get something working quickly.

Experience with the GFW has changed the design requirements for the VPN/meshnet.

- The GFW is doing protocol enumeration attacks, where if it suspects an openvpn server, it is making connection attacks to the server and if it sees OpenVPN, then it is throttling the connection. Therefore Skywire needs to use preshared keys and ignore or drop packets that dont the secret, to protect against network enumeration attacks.
- The set of nodes, if they can be enumerated by IP address are easily blocked by the firewall. An ISP can load a set of IP addresses for Bitcoin nodes, Bitmessage nodes, or tox nodes and just block that application. Making it impossible to enumerate the IP addresses of the nodes in the network, requires a change to existing idea of P2P. This is especially important for countries where authorities might try to identify and crack down on node operators.
- The firewall is cisco hardware and uses some type of simple machine learning to detect protocols differences. So if you use OpenVPN and it has an HTTPS/SSL wrapper and the protocol is similar to Apache HTTPS/SSL but there is a difference, like a single fixed bit or a difference in packet size during the hand shake, then it will try to determine that "This connection is OpenVPN and not actually HTTPS".
- The traffic is being blocked at the exit from the country. Traffic is being dropped based upon congestion and how much money is paid to the ISP by the subscriber. So going from China to Singapore is cheaper so those packets wont get dropped as much by China Telecom (unless it is peak hours) but China to California traffic will be dropped like crazy. Business traffic will be dropped less than residential traffic, because they are paying more money. This means, that to get the best speeds, you have to bounce first within china to a fast server, then bounce from that server out of the country on a business line. You need a multi-hop VPN and that doesnt exist, except for MPLS and expensive corporate solutions, so we have to write that from scratch.
- The traffic congestion varies over the day. China to Singapore works certain hours but gets congested, but China to Japan still works. The routes that are congested depend on the time of the day, the source city and destination and are constantly changing. This means the VPN needs to be multi-homed and have two or three routes and change routes based upon congestion and latency. This requires breaking the messages into chunks and doing a simple Trellis coding, fountain coding over a sliding window, whose size depends on the path latency.
- The network needs to support asymmetrical connectivity. Packet drop rate and throughput is not symmetrical. Similar things occur in radio environments.
- The internal network needs its own address space. China, Russia, Brazil and other countries are breaking off from the internet and we wont have a unified global IP address space soon. We already see proxies with IP routing rules, to use proxy A for Chinese destination traffic and use proxy B for Japan and proxy C for US traffic.
- The Cisco traffic shaping equipment is using packet sizes and statistical information to determine what applications people are running under the VPN and then throttle them if they see P2P, bittorrent or Youtube activity. The protocol needs to use padding and fixed sized packets and minimize the statistical information about the underlying protocols.
- The firewall is injecting fake TCP reset packets or is dropping TCP packets strategically to throttle connections. UDP needs to be used and the link-layer implementation may need options for different types of throttling. TCP just keeps increasing the transmission rate until packet drop, then scales it back by half. TCP ignores latency. Each TCP connection is doing congestion control independently, so when you have 200 sockets open, the all compete. Balancing traffic in this environment is an open research problem, so congestion control and traffic management needs to be component that can be swapped out.
- We need Skycoin payments and settlement to give incentives for users to setup nodes and relay traffic.

So this is a new type of VPN and will require new software.

After working on this for a year, we have a good idea of what architecture should look like to make it as simple as possible
- an interface abstraction at the link layer, so implementation can be swapped out (sstunnel/HTTPs for china, UDP for other areas)
- a basic or default link-layer UDP implementation
- an interface/abstraction for the return path for packet confirmation, to allow asymmetric connections
- a network namespace for nodes and service for announcing paths
- client side choice of paths (return to unix-to-unix copy type connection oriented source routing)
- an administrative control plane service or interface, for querying and controlling the state of a large number of nodes. Diagnostic information
- a path/route resolution service
- a VPN/SOCK5 pseudo-wire gateway server for tunneling back to IPv4/IPv6
- settlement and payment for bandwidth on external networks

So there is a large number of small projects. These are being outsourced to various groups. The main development team does not have time to work on this, except for design, until the high priority things on the coin are done.

This architecture requires a network daemon and requires a large number of small processes communicating with each other. Golang is very good until we got to this point. Then we have to choose network serialization like SWIFT, Thrift, capnpro, JSON or our own. We end up with two functions, one for golang when the service is being used internally and one when it is being called over the network and golang lacks the concurrency primitives to make this type of application natural in the syntax.

The networking primitives are subscriptions, events, synchronous and asynchronous RPC.

It is for instance, impossible to number the goroutines and then stop the goroutine in the middle of a function and then resume it from an external goroutine on an event. There are lower level atomic concurrency primitives that could be used to implement the golang channels, that are not exposed by the runtime and would be useful.

Right now, we have a struct and send it and then the remote server get it as an event and then there is a handling function. That works well for some types of programming (block sync) but
- in other instances you want to do a function call on a remote server and block within the function until the result comes in.
- Other times you want to do a "promise" for the result, so you can do N queries and not block on each query until you use the results. - Other times you want to push messages through and then have a channel that blocks until the responses come in and then processes them.
- Other times a process or object is receiving a stream of external events. Such as diagnostic information.

So the RESTFUL type handling does not always suit the application. I have to write a library for making writing these "serverlet" applications easier.

The functional or Nook/Urbit view would be to make communication between the serverlet, an ordered stream of messages, where each message is tagged with a wrapper with optional handler id echoed in the response, that denotes and object or function handling the response to the message.
- a message can be handled by a default handling function (RESTFUL, current, default) (all messages of type A are handled by the same function)
- a message can be handled by an event channel (all messages with tag A, are responded to with a message with tag A, which are passed to a specific event channel instance)
- a message can be handled by a specified function (all messages with tag A, get passed to a function instance A)
- a message can be handled by a handling function attached to a particular object (all messages with tag A, get handled by function attached to specific object instance)

The first type of response is used for static web content, like "Get me this picture" or "get me this page". The four type of response is used when when the page depends on user data (cookies, of whether the user is logged in) and there is an object or user state per user. The fourth type is used for challenge response (where state or communication history is required for the current message response).

- invariant functional (same data for all requests, all users, never changes. Ex. SHA256 of hash or javascript file by SHA256, content addressable networking)
- invariant (same data for all requests, but may change)
- state per user (depends on cookie or other user/auth)
- state per connection (state that depends on specific connection, such as bitorrent requests to specific user)
- state per request (request id)

When communication between two processes becomes a stream of ordered messages, then push and pull become the same thing.
- a remote server can push a message onto the channel
- the remote server can poll the server and ask for messages since message N

So synchronous and asynchronous message handling is unified or occurs through the same interface. Public broadcast channels and content addressable networking, generalize this to peer-to-peer multi-cast transmission and bitmessage generalizes to global anycast type transmission.

These are the types of requests in web-applications and the granularity for caching and building web-applications.
- web applications started with a page that queries database one by one and spits the html at the user
- web applications then were build by splitting them up to multiple backend apis, or separate serverlets and each serverlet gets queried and returns the results and the results are assembled into the widgets/components of a page. HTML is spit back at the user
- web applications are moving towards client side generation of the interface, with the client side making dozens of queries to the serverlets, which expose their APIs on the network. This is how Skycoin is written right now, especially the frontend and API.
- We are moving towards fully decentralized serverlets, where each process exposes an API to the network and the API is accessed the same for local severlets and remote serverlets. File systems become serverlets exposing an API over the network and a local file system becomes the same as a remote file system, which are accessed through the same interface. This is the direction that the Skywire architecture is heading

Skycoin is already very similar to this internally.
- The cryptography library is functional, it does not need an instance. It does not depend on anything external and can be used by external applications.
- The wallet library for reading/writing wallet files can be run on its own or used by 3rd party applications without running a skycoin node. Thin clients can query outputs over json and get the wallet and create/sign transactions and then inject them over JSON without running a node
- The history database for transactions (which currently does not exist yet) is a separate library/process that only depends on the blockchain library and the blochain database library. Most nodes do not have to even run this.
- The full node exposes most of its functions over JSON.
- The GUI and web wallet is built from data returned by JSON queries on the node.

Transactions, outputs and blocks all use content addressable networking.
- There is a single unique binary serialization of the object
- The SHA256 of the object is the ID or name of the object
- If you have a byte sequence that SHA256s to the same value as someone else, you have the same data, otherwise you can request it from the other person

There are a few things I would change about Golang, but it is "good enough" right now to use this type of architecture without writing too much code.

Skywire needs to be something simple, like Shadowsocks and it has to be written in phases, with the minimum amount done to get it working at each stage.  If you need a lot of code to get it working, it means the design is shit.

IPO update:

500,000 of the Skycoin have been distributed (0.5%) . About $50,000 worth. I think we raised about $35,000 after all the coins to developers and test coins were given out. That was spent over the last six months and we have to raise more money, because contractors are screaming about being paid.

Spending so far has been very conservative and I am worried about running out of money and how much additional contractors will cost. So getting exchange up and getting price floating is a high priority.

We want to spend $500 to $6000 on series of small projects, that are well defined in scope instead of doing salary at $15,000/month a month per developer, because we cannot afford $15,000/month Silicon Valley rates after benefits, taxes and salary. We are running out of things to code too. There are only a limited number of things we can think of, without adding junk, useless features or bloating the codebase.

In total we might raise $500,000 to $1,000,000 in the first 10%. I think $200,000 would be enough to fund to completion for the coin/consensus and major parts.

Most of the initial value seems to come from the first 90% of development to launch, then after that, there is a very limited amount of projects that money and effort can be dumped into, that have a positive return. NXT quickly ran out of stuff to do any began funding art projects for promotion and are going to be in a similar situation once we run out of things to code. We will be doing pure research, hardware and computer language development at that point.

Skycoin has several things like the meshnet and software defined networking project that could drive capital inflows, but the research and development effort is going to be moderate and about the same size and scale as the coin development.

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July 26, 2015, 10:20:27 PM
 #2064

The good news is software developers are about $2000/month here.

Wait a minute.

David Zimbeck traveled to over seas in order to find developers that he could afford (roughly $2000 a month).

David Zimbeck works heavily with Golang.

And David Zimbeck suggested that BitBay (that wonderfully fabulous disaster of a scam) would work on Meshnet projects in the future.

Yes, three points of contact is pretty slim but I'm going out on a limb and calling Skycoin dev is actually Zimbeck (with the possibility of multiple users of infamy trading account use).  There might be other similarities if one was motivated to do some tedious compare and contrast; or none.  I suspect the latter since I don't believe that a lot of altcoin devs decided to go overseas in order to find cheap developers (correct me if I am wrong).

Be careful with your funds, people. 

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July 27, 2015, 04:44:14 AM
 #2065

long ass post

I once had to take codeine for a week for bad back, didn't crap for another week, then laid a cable that was nearly as long as your last post bro!

good to have you back Smiley
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July 27, 2015, 05:30:05 AM
 #2066

Is this coin out on the market?
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July 27, 2015, 06:37:02 PM
 #2067

The good news is software developers are about $2000/month here.

Wait a minute.

David Zimbeck traveled to over seas in order to find developers that he could afford (roughly $2000 a month).

David Zimbeck works heavily with Golang.

And David Zimbeck suggested that BitBay (that wonderfully fabulous disaster of a scam) would work on Meshnet projects in the future.

Yes, three points of contact is pretty slim but I'm going out on a limb and calling Skycoin dev is actually Zimbeck (with the possibility of multiple users of infamy trading account use).  There might be other similarities if one was motivated to do some tedious compare and contrast; or none.  I suspect the latter since I don't believe that a lot of altcoin devs decided to go overseas in order to find cheap developers (correct me if I am wrong).

Be careful with your funds, people. 

I am happy to crowdfund this project even if David Zimbeck is the Skycoin dev. David is a very smart young man and while he had a very shady role in the Bitbay shamble he can make that up to the digital currency community by delivering a good software which I hope Skycoin will be.
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July 27, 2015, 06:42:41 PM
 #2068

This is nice coin. PM Ryanpumpers before pump of coin.
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July 28, 2015, 01:40:53 AM
 #2069

The good news is software developers are about $2000/month here.

Wait a minute.

David Zimbeck traveled to over seas in order to find developers that he could afford (roughly $2000 a month).

David Zimbeck works heavily with Golang.

And David Zimbeck suggested that BitBay (that wonderfully fabulous disaster of a scam) would work on Meshnet projects in the future.

Yes, three points of contact is pretty slim but I'm going out on a limb and calling Skycoin dev is actually Zimbeck (with the possibility of multiple users of infamy trading account use).  There might be other similarities if one was motivated to do some tedious compare and contrast; or none.  I suspect the latter since I don't believe that a lot of altcoin devs decided to go overseas in order to find cheap developers (correct me if I am wrong).

Be careful with your funds, people. 

I am happy to crowdfund this project even if David Zimbeck is the Skycoin dev. David is a very smart young man and while he had a very shady role in the Bitbay shamble he can make that up to the digital currency community by delivering a good software which I hope Skycoin will be.


I actually would tend to agree.  I have some pretty mass respect for his talent and think that he is capable of it.

I was/am excited for this project but if he is working on multiple projects in tandem with the ill advised collaboration with -omitted- then I think caution is not bad advice.

I'm not here to fud and will leave it at that.  I prefer lurking and supporting on my own whims but thought this was relevant enough to post.

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July 29, 2015, 11:08:35 PM
 #2070

.............
Its not about cheap developers. Its about that fact that San Francisco apartments cost $5500 a month and when you go outside, there are hobos shitting on the street. Half the money you pay employees goes to taxes and the rest of it goes to pay for their apartment. After the apartment cost and taxes are factored in the $2000/month software dev in Asia makes more money, has a nicer apartment and has more money left to buy things than the $15,000/month dev in San Francisco. The cancer rate is also horrible in the US, the life expectancy is lower than third world Asian countries and the women are fat.
.............

It's rumored that there are other places in the United States besides San Francisco.  Maybe you should check into that?
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July 30, 2015, 08:58:02 AM
 #2071

well said skycoin
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July 30, 2015, 10:26:24 AM
 #2072

In general, I think there are only three legit/non-scam projects going right now.

which are these projects and why...?
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July 31, 2015, 07:05:34 AM
 #2073

In general, I think there are only three legit/non-scam projects going right now.

which are these projects and why...?

Ethereum, Skycoin and Factom, but I think NXT should be one of them.
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August 01, 2015, 01:46:07 AM
 #2074

In general, I think there are only three legit/non-scam projects going right now.

which are these projects and why...?

Ethereum, Skycoin and Factom, but I think NXT should be one of them.
NXT is the most innovative crypto now.
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August 01, 2015, 09:33:42 AM
 #2075

 I sent IPO request 15 April via Bitmessage and had no response at all. Watching this thread for couple of years it feels like... I still don't get what is distribution plan.


                               ,,,,╓╖µpp╖╖,,,,
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August 03, 2015, 07:32:51 AM
 #2076

Any exchange...?
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August 03, 2015, 11:37:58 PM
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Update:

On the MtGox collapse. This is surreal

http://www.reddit.com/r/Bitcoin/comments/3fe92x/im_ashley_barr_aka_adam_turner_the_first_mtgox/

According to this, MtGox ended up with the 500,000 coin deficient because Karpeles was spending bitcoin from customer accounts to pay office expenses back when bitcoin was between $1 and $30.

Quote
I finally gathered a small group of employees to pressure Mark into answering how we spent more money than we've made, his answer was simply:

"My grandmother lives in a castle in switzerland"

MtGox was basicly run like the FED.

The early Bitcoiners all thought that Bitcoin would eventually arrive at something trustworthy that was a replacement for fiat. Instead, Bitcoin, Dogecoin and the successors may end up dragging government fiat dragged down to the level of a farce.  All money is becoming RPG money.

For instance, I do not think there is any difference between the counterfeit $100 US dollar bills and the real ones. The counterfeit 100 Yuan bills are apparently identical or even higher quality than the real ones. There is no difference between the counterfeit FED dollars and the real ones. So you have people that need to work to eat and pay rent and if they dont work, they starve or are homeless. Then you have people who have bought up sixty houses, in money paid as a gift, which is from an effectively counterfeit source. Similarly, banks counterfeit currency through derivatives and buy real collateral or leverage up. Another example being the two financial bailouts (secret, classified, completely fraudulent, a scam on the public), the quantitative easing program and the savings and loan crisis.

So you just have people printing money for nothing, in various ways of varying levels of obfuscation and buying up all the real assets in the economy. All the land, the gold, the companies and so on.

A cynical person would ask, if the laws exist not to stop counterfeiting but to restrict counterfeiting to group in political control.

Instead of creating money, the banks issue bonds that the government sells, then the banks collect interest on the bonds from the governments. All of the taxes people pay, are paid to the banks/families issuing the bonds and to spend money, the government has to sell more bonds to finance operations. Anyone attempting to re-monetize gold/silver or simply issue money with out a debt obligation, simply gets assassinated. Bribery and assassination is mostly how the system is maintained within a country and between countries that system of currency, was historically spread through military conquest.

Which is another reason that the United States keep threatening Russia with nuclear war whenever it threatens to adapt a "sovereign" monetary system system where the government can issue money, instead of paying interest to foreign banks for the privilege of having money.

Print fake money, buy up all the real assets. A cynical person could look at the whole global financial system as a scam.

When the Britain occupied a country and established a colony in Africa, people would complain that they dont have laborers or slaves to wipe their ass. So the first thing the British did was take control over the land, create an artificial scarcity of land through government regulation and law (assigning parcels and making huge chucks of land unavailable for sale, by giving them to oligarches for pennies or making them unavailable via law). Then the government took control over and monopolize food production and distribution (often through oligarchs). Before people would just grab land, grow as much food as they needed or barter for it or just take empty land and live there. Once monopoly control over land and food was established, people needed to work for money to buy food or they would starve. They needed to pay rent to the land owners or they would be homeless, while scarcity of land was maintained through force. That is how labor markets were created. Monopolization or forming a cartel over  everything that is needed for human survival and forcing people to buy it through the market system for labor.

The number of hours people need to work to pay rent, buy a hour or purchase food is centrally controlled by the United States Government. The FED goes in and props up the real estate market or gives banks money through the QE program to buy up vacant houses and remove them from the market, to maintain scarcity and current rent/housing prices, preventing rental rates from falling, even as demand for houses decreases. The government centralizes food production and pays farmers to leave land fallow or subsidizes them to produce or alternates between the two to squeeze out small farmer (who receive less from the government stabilization programs) to further centralize control over food into a smaller and smaller number of corporations.

You have Agenda 21, zoning laws and federal ownership of state land and other methods of artificially imposed scarcity over land. In San Francisco, for instance, a cartel of real estate developers has used zoning laws and other methods to ensure no new construction takes place, forcing rents to skyrocket to over $5000/month. San Francisco is the poster child for Agenda 21 development, with a person working 60 hours a week shuffling power point slides for a multinational corporation to make $150,000 per year and half of their money going to the government as taxes and the other half going to pay rent, with nothing left over after expenses for savings or accumulation. Personal ownership of property becomes impossible except for executives earning 10 or 15 million from exercising their stock options for Fortune 500 companies, being pumped by the FED Quantitative Easing program, while the rest of the economy is destroyed or centralized.

This is a labor extraction system. Taxes only exist to remove money out of circulation, so that more money can be counterfeited. The literal objective of the system is enslave people and extract the most labor from the population as possible, in the most efficient way.

The homeless, the people who cannot afford rent, afford to own land, or purchase food, under the government controlled real estate and food rates, become wards fully supported by the government (40% of US population currently). Useless eaters to be depopulated. The homeless and destitute, who clutter and shit on the streets of San Francisco, to be rounded up into FEMA camps, disposed of.

Prisons, foreign wars, welfare and fake government jobs serve to burn off the excess productive capacity of the society, to maintain a scarcity of capital. Similarly, only the wealthy can afford children, housing space, private education, child care. Only the most useful slaves in the labor extraction system gets to reproduce to the next generation.

When you look at the FED/government system, it is a labor extraction system. It is actually a superior form, merging Fascism and Communism.

Under communism, workers were assigned jobs and if a person showed up 30 minutes late to work, they were sent to a forced labor for six months. If they showed up late again, they were sent to Siberia. Communism in Russia was a system of slavery. Workers were provided with housing and food. Housing, food and the requirements for human survival only consumed 4% to 6% of industrial output. People were lazy and were not motivated to work or were not as useful slaves. Instead of labor camp, in the United State the threat is homelessness or being forced to rely on government support and losing access to good housing, expensive organic food and then developing diabetes, becoming sterile, obese and developing cancer.

So the United States becomes a society, where the industrial capacity to produce everything that is consumed for basic survival is less than 4% of expenditures or labor for inputs, but where the top portion of the society (the middle and upper middle class) has 80% of their income consumed by a rentier class that has through government regulation and manipulation monopolized ownership of all things required for human survival. The privatization and monopolization of water, electricity, communication, food (all Agenda 21 objectives).

In water monopolization, a private corporation buys up the water rights for a city and studies show that every year the rates are hiked by three times inflation. The monopolization of internet access (a single service provider per area) is not natural, as there were previously dozens of providers but was a result of government action at the local, state and muni levels (complicated). Once monopolized the provider then hiked rates at 3x to 5x inflation. San Francisco, where land ownership has been monopolized and where zoning laws and cartels prevent construction of newer or higher density housing, you see rental prices increasing at a large multiple of inflation and much faster than wages. The cost of healthcare is similarly increasing at 3x to 5x inflation and much faster than wages and the rate of growth has accelerated since Obamacare after the resulting market consolidation. Similarly, the tax rates are increased every year, leaving people with less of a share of their income to be spent on survival and life.

So the economy will eventually reach a point of collapse and crisis. With multiple oligarchies, each monopolizing one aspect of human survival and demanding a greater amount of each person's fixed income each year, until the whole society is driven into destitution and poverty or until a political change and restructuring occurs.

If you look at the trends, soon the US economy will consist of
- two communication companies, each of which monopolizes internet service in each geographic area
- two to four media companies
- two to four food companies who control the whole pipeline from farm to store
- a few water company that monopolizes water distribution in each geographic area
- two healthcare companies "competing' in each geographic area

For example, here is the comcast and time warner coverage and overlap maps. Notice how competition is divided up, so that there is no competition and a single monopoly without any geographic area.



There are similar maps for healthcare after Obamacare and for the food market.

This is the organic food market, that controls food distribution and pricing to the consumer



This is the banking industry



It is not going to stop there. It wont stop with 4 companies. For ISPs, there are already only two companies and Time Warner and Comcast have already tried to merge into a single monolithic national ISP with monopoly control. The merger was only set back temporarily. The government at the current rate will begin approving those mergers within a few years. Or else the companies will be separate, but owned by the same transnational holding company.

So we are seeing mergers within a country and we are also seeing mergers between companies. The stock price of these mega companies, is bid up with FED money and then they print shares to buy out smaller competitors. We are also seeing not only consolidation within the boundaries of individual nation states, but across national boundaries.

When all the corporations have merged, to this degree and they exercise monopoly pricing power, the economic structure of the United States begins to look like communism. We have gone from decentralized food production by tens of thousands of small farmers, to two to four companies owning the whole food chain from farm to store.



There is less than 20 years before genocide, economic collapse, political instability, switch to a command economy or other systemic change. None of the graphs for the US economy can keep going for another twenty years.



For instance, no one can spend more than 100% of their income on food, rent or healthcare costs. The rates cannot keep climbing forever.



So the US is doomed. There is a mathematical certainty that the current economic/political system that is driving itself to suicide, cannot continue for another two decades. There is no way the current economic system can survive to the end of Hillary's second term.
- The crisis will likely start in the next 24 months
- all of the people responsible for the crisis will get together and choose the "solution" benefiting them the most, making it even worse
- the bankers/families are figure out some way of keeping the money fraud going in the new system, most of which are being pushed at the UN level, but already meeting fierce and increasing resistance at the local level as people figure out what is going on. If they go through with it, it will have to be at gunpoint and probably entail genocide or something like the Bolshevik revolution.

I looked at the Obamacare and digital health records legislation and how the healthcare industry is being restructured and its like some people sat in a room and said "What is the best and most profitable way to kill off 10,000 people a day who dont have any assets that are taking up resources we could use for something else".

Europe is about a decade ahead of the United States and they are already killing 130,000 people per year in hospitals as a cost saving measure and the US has five times the population.
- http://www.dailymail.co.uk/news/article-2161869/Top-doctors-chilling-claim-The-NHS-kills-130-000-elderly-patients-year.html

The demographics are horrible. The US stock market is being pumped by the the QE program. The US stock market is going to crash to level it should be at because of demographics.  PE multiples will be about 12 after the manipulation ends. The pension funds are going to go under and there will be municipal defaults like Detroit in multiple cities (again forcing privatization of all assets, mineral, water, land rights and anything that can be sold).

Reality:

Then the fact is that debt, currency, laws, they are fake. They are just pieces of paper. They enforced at gun point. Texas might just say "no" and renegotiate of their terms to avoid municipal assets stripping. Its not clear whether power is going to maintain at the federal level or shift to the state level or shift to the UN level. Its going to be determined by military force, not by votes.

Given what I have seen over the last two years and the increase in assassinations and bullshit, I think the world is heading towards crisis, war and anarchy. The new rule seems to be "because you can". If you can do something, you have a right to. If the government can raid 60,000 people a year with SWAT teams, stick NSA anal monitoring probes up someone's ass or take 80% of a person's income, or police taking people's cash from them on the road, then they have the "right" to do that and will do it. If you have the ability to do something, then you have the right to do it, unless someone else can stop you. So the law is becoming absurd and everything is devolving back to realpolitik power relationships.

So people need to stop thinking into terms of laws and fake voting and talking heads on television and begin thinking in terms of realpolitik.

An example:
- The United States has the highest rate of obesity, cancer and diabetes in the world
- Monsanto sells a chemical that it knew causes obesity, cancer and diabetes
- Monsanto knew about it since the 80s and lied
- Monsanto gets massive class action lawsuit for killing people with cancer
- Obama signs bill giving Monsanto immunity from lawsuits
- Monsanto keeps doing it and then gets approval for even worse chemical to kill off the plebs even faster

People need to abandon the idea that the government cares if they live or not and just assume it is trying to kill them. If Wackenhut can make $80,000 per year per prisoner, running FEMA political dissent labor/reeducation/internment camps, then complaining about government torture/murder/assassination/fraud is going to be the new marijuana prohibition.

Another example:
- fracking water is cheap
- fracking water is full of cadmium and benzene and unknown secret chemicals which probably cause cancer
- lets spray fracking water on all the organic food in California to save money, kill all the plebs

So your choices are
1> Move out of California
2> Die of cancer in 20 years because of effects of chemicals which cannot be disclosed because of legal liability

When you complain or protest, the government response is that they pass an "Agro-terror law" that makes it illegal to publish lab tests showing what the chemicals are and makes the lab test inadmissible in court. They also pass a law making it a jailable offense to suggest that agricultural products are unsafe or harmful because of the chemicals they contain.

Another example:
- whistleblower leaks immoral government program
- punish the whistleblower
- lie about the program to congress
- keep doing it. privatize program to hide it in the private sector. pass fake law no one can enforce to pretend to rein in program that was already illegal. Does the government try to appear to address problem while doing nothing in reality.

There is no intent, or intention to stop anything. The focus is on stopping whistle-blowers and covering up corruption.
- No one intends to stop the program
- No one intends to stop the corruption
- Anyone pressuring for the corruption to be prosecution, gets murdered, prosecuted or punished themselves

So there is a question of
- "Is my government run by parasitic sociopaths?"
- "Are they going to do the right thing?"
- "Does my government address corruption or protect the corrupt? Does the legal system work""
- "When a corrupt and illegal program is revealed, is it shutdown or does it continue."
- "Am I being slowly killed? Does my country have a high cancer rate, diabetes or obesity rate."
- "Are people in my country attacked for stating obvious or verifiably true statements? Is truth and common sense criminalized?"
- "Is my government focused on absolute and totalitarian social control above the interests of its citizens?"

When Bitcoin Becomes Political Relevant and Dangerous:

So I think Bitcoin is reactionary. The open source movement, the maker movement, the redecentralize movement seem to be moving in a common direction in response to what we are seeing in society.

- people like to not have their stuff stolen
- people like not to be killed
- people like not to be ruled by sociopaths who make absurd proclamations and demand they are obeyed (laws)
- people like to not be poisoned
- people like to be free from enslavement/control grids and airport anal cavity searches
- people like to be free from terror threats and external danger used to herd them into "protection" by the people creating the threats
- people like to not be enslaved

I think Bitcoin and the alts are going to be ignored. Until someone
- buys up land
- moves people onto the land
- issues their own altcoin
- uses it for paying labor working on the land area and and making infrastructure investments/improvements.
- uses the coin to achieve self-sufficiency and for capital investments for generating exports

Then there will be a massive totalitarian response against altcoins and Bitcoin. That is when it enters the contest for political power. That is when it lays bare the reality of money.

The FBI and everyone but the CIA (Who was interested in using it), completely ignored Bitcoin. The FBI still ignores Bitcoin after almost six years and doesnt care. However the second an Indian reservation or territorial unit announced its intention to issue its own cryptocoin, the FBI descended upon them within twelve hours.

I did some modeling and found that internal transactions do not affect price at all. So if you have a barber and he accepts Skycoin, Bitcoin and Dogecoin, and someone gives him 10 dogecoin for a haircut, it does not affect dogecoin exchange rates. So the person issuing the currencies he accepts, can essentially print coins to purchase the services and labor of the people accepting the currency natively at its current exchange value. So people accepting bitcoin at $100/Bitcoin and keeping the Bitcoin is different than a merchant using bitpay who sells the Bitcoin immediately for cash. Bitcoin becomes a means of transmitting currency, rather than an actual currency.

The price of the currency is based upon balance of payments and capital inflows and outflows. People selling Bitcoin for USD, drives down price and inflows increase price. So people can trade the current 6 billion in Bitcoin back and forth in infinite volumes and it wont affect the price internally at all. The market cap is completely fake. For instance, I could sell Skycoin for 10 million market cap and then list them and say the market cap is 1 trillion. As long as everyone or most people agrees that it is 1 trillion and refuses to sell for less than 1 trillion, then any coins sold for less than that will be bought up quickly and the price just stays there. The people who the coins must circulate through (people in position to hoard or provide liquidity, control the price in absolute terms and have infinite scope for manipulation. Therefore coin prices might not be stable without fixed rate of inflation and foreign reserves to offset that type of manipulation. We saw exactly this type of behavior when currencies were pegged to gold, with countries determining the convertibility to gold by fiat/agreement among each other.

If a person lives in a territory unit and benefits from the infrastructure investment in that territory unit (community, town, village), then they are likely to accept that unit natively as payment. You may even have overlapping acceptance.

That is where I see Bitcoin going in ten years. I think smart contracts are interesting, but are a distraction. They are the direction that interests banks but are not going to be socially disruptive.

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August 04, 2015, 06:19:15 PM
 #2078

The good news is software developers are about $2000/month here.

Wait a minute.

David Zimbeck traveled to over seas in order to find developers that he could afford (roughly $2000 a month).

David Zimbeck works heavily with Golang.

And David Zimbeck suggested that BitBay (that wonderfully fabulous disaster of a scam) would work on Meshnet projects in the future.

Yes, three points of contact is pretty slim but I'm going out on a limb and calling Skycoin dev is actually Zimbeck (with the possibility of multiple users of infamy trading account use).  There might be other similarities if one was motivated to do some tedious compare and contrast; or none.  I suspect the latter since I don't believe that a lot of altcoin devs decided to go overseas in order to find cheap developers (correct me if I am wrong).

Be careful with your funds, people. 

I am happy to crowdfund this project even if David Zimbeck is the Skycoin dev. David is a very smart young man and while he had a very shady role in the Bitbay shamble he can make that up to the digital currency community by delivering a good software which I hope Skycoin will be.


I actually would tend to agree.  I have some pretty mass respect for his talent and think that he is capable of it.

I was/am excited for this project but if he is working on multiple projects in tandem with the ill advised collaboration with -omitted- then I think caution is not bad advice.

I'm not here to fud and will leave it at that.  I prefer lurking and supporting on my own whims but thought this was relevant enough to post.

I don't think it was FUD, you have just speculated just like many users would like to know who skycoin is. I wouldn't be extremely surprised if skycoin would be David, and in this case at least David would do something decent.
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August 04, 2015, 06:27:07 PM
 #2079


MtGox was basicly run like the FED.


And a criminal organisation. I love Bitcoin to death, but I have to agree that so far the biggest digital currency scam was the two exchange operated bots at MtGox which pushed the price up to USD 1,000 with fake buys.
So yes, we love Bitcoin, but when a so obvious fraud can be pulled off then probably something fundamentally wrong with the whole ecosystem.

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August 06, 2015, 01:02:37 PM
 #2080


The United States seems political unstable and people are complaining because the government is running torture centers, doing mass surveillance, destabilizing Yemen/Syria/Libya/Iraq/Iran/Afghanistan and just being evil.


No, it is not. Please stop being ridiculous and making these nonsensical statements in relation to this software project. I thought Skycoin is a great technical initiative and lets focus on creating a good software.

Are there issues regarding privacy and mass surveillance in the US and UK? Yes there are and therefore, personally I support software projects that try to address this issue and release tools that provide users with privacy and open hardware (Skycoin, Gadgetcoin, Tilecoin).
However, there are totalitarian states like China that put civil right activist to prison for expressing their political opinions and not even consider free election is an option. In the meantime you are fixated to the criticism of western political systems. I find it more and more disturbing that while you apparently fucking around in totalitarian states like Singapore and China, you keep banging on about the inadequacies of thour democracies. It's a work in progress -  100 years ago women couldn't even vote, so it takes time to implement the prefect free society if that is possible at all.  
I have never heard you would criticises the fucking corrupt communist Chinese ruling class that operates a totalitarian maffia state or Yemen - which you mentioned in your post - that treat women as second class citizens, which makes your biased political rants hypocritical and quite unnecessary in the context of this software project.
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