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Author Topic: [SKY] Skycoin Launch Announcement  (Read 381231 times)
skycoin
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November 29, 2016, 11:57:10 AM
 #2421


2000 SKY/BTC, 100000000/2000 = 50000 BTC. The market cap will be roughly ~37mil usd

No. The market cap is the free float (the distributed, traded coins) times the price per coin.


Is there anywhere to trade skycoin yet?

I haven't seen any trading threads, or exchange listings.

We are very bad at this part. This is a new coin from scratch, so if we need something, then we have to code it.

 To get listed we need
- working CLI
- working WebRPC interface
- blockchain explorer
- website
- white paper
- wallet download

We could have done these two or three years ago and should have made this a priority.

In the last few months we did
- the CLI is done
- the webRPC API is done
- the blockchain explorer or sort of done (APIs are there but still fixing bugs)
- the website is sort of done, but undergoing multiple rounds of improvements ( https://github.com/skycoin/skycoin/commits/master )
- the whitepapers, we need three white papers plus infographics, because this is a large project and its not clear to people what we are trying to do
- the wallet download works and now we have automated installation/build scripts for ansible and docker ( http://github.com/skycoin/devops )

All of those are in progress, then we are 100% done with everything for listing. Then the coin will be a "finished product".

I think it is tradable now. We are just finishing the blockchain explorer (which turns out to have been massive task, with 60 sub-tasks and new bugs and full of API calls that were missing when the frontend developer went to implement the interface).

---

Getting to this point however is extremely daunting. If you broke it down into sub tasks, its hundreds of small things that need to be done.

We have an exchange partner now too. To handle ICO and listing, liquidity and stabilizing price across all the exchanges.

This is getting complicated too, because we just write code. We did not have people in place for product stuff (like finishing working software and launching it). Now we are at point of launching five separate "products" or end-user applications, at the same time.

We have several applications (like the VPN and meshnet) that are ready or working, but which do not have user facing interfaces and can only be used from linux/osx on the command line. The Skycoin consensus network, block, transaction prorogation and network stats will eventually need their own web GUI dashboards (like this ethstats.net )

So now we are building up product launch (finishing wallet and getting it to the users), marketing and user community experience/capacities. Where as we had no one doing this before.

We had too few people working on this. Right now, I think for just the white papers there are about five people involved on it and it will still take weeks (but is finally in progress). For blockchain explorer and API, took backend and frontend developer weeks and we had backlog of ~60 bugs or things to do (API requests moving, blockchain storage changes, changes to transaction history API, bugs with timestamp parsing etc).

The website, also needs dozens of small changes to be good. And we can only get a few changes in per week. We did a lot of work on the home page and are now working on the download page. Most of the work is deleting useless things one at a time. Then will go back and do the info-graphics and content pages. The evolution and revisions of the skycoin webpage design, could be a twenty page blog post, even through it is a simple two page sit with just a home page and then a download page.

You can track progress here:
- https://github.com/skycoin/skycoin/commits/master

The two highest importance things right now are
- complete the coin (100% status, for coin product). So that we can do listing and begin market/float
- get the user community on the same platform (so that we can coordinate the developers)

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November 29, 2016, 12:13:50 PM
 #2422

Thank you for the update!

...
...
We have an exchange partner now too. To handle ICO and listing, liquidity and stabilizing price across all the exchanges.
...
...


So, based on the above, there will be a new ICO?

If yes, then the price shouldn't be cheaper than the price of the first ICO in my opinion, so that it would be fair for old investors.

Behold the Tangle Mysteries! Dare to know It's truth.

- Excerpt from the IOTA Sacred Texts Vol. I
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November 29, 2016, 12:45:26 PM
 #2423

Update:

Blockchain explorer almost working. All of the API functions are in.







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December 04, 2016, 06:33:31 PM
 #2424

Hey Skycoin,

do you plan to update your website in order for us potential users to get some info on developments, basic features and opportunities regarding this coin?
Also, what's your distribution model? In the OP I read that less than 1% of the coins will be distributed and more than 99% held by someone(?). That's not very decentralised...
Holding an ICO is also not a very good idea nowadays when 9 out of 10 ICOs this year ended with investors losing money almost from day 1 of the coin being listed on an exchange.

Eagerly awaiting your comments!

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December 06, 2016, 07:04:17 AM
Last edit: December 06, 2016, 07:25:39 AM by skycoin
 #2425

Update:

We are getting through bug backlog and feature improvement. We made ~180 changes to CLI and WebRPC in last two weeks.



DevOps

We have ansible scripts and docker containers for automating deployment.
- https://github.com/skycoin/devops
- we need a lot of help with this

Install docker and docker-compose
- git clone github.com/skycoin/devops
- cd devops
- docker-compose up

Then it will
- start up a debian VM and a Alpine Linux VM
- use the alpine linux VM as ansible agent to do installation on the debian hosts
- install golang
- pull skycoin
- pull dependences
- have skycoin image ready for running and deployment

Switch from Void linux to Alpine:

We are switching defaults for our server deployment from Void Linux to Alpine linux, because of better support
- no SystemD
- MUSL instead of glibc
- minimum image size of 6 Mb for docker container
- runs on ARM
- alpine linux can run docker and docker-compose

Network Unreliability Affecting Unattended/Automated installs:

In China, Japan, Hong Kong and South East asia, DNS is not working reliably and we are internalizing external dependencies and golang repos into IPFS for peer-to-peer replication.

We have experience network unreliability for
- github (dns fail, https timeout, https works then is throttled down to 4 Kb/s, then drops later, sporadic unavailability in south-east asian region)
- debian/apt-get (DNS resolution failure for debian, speed throttled to 4 Kb/s, sporadic unavailability in south-east asian region)
- golang installation (google servers blocked in china)

To rebuild client gui requires
- golang binaries (static file IPFS, or wget/remote server dependency)
- golang dependencies in the gopath (dependency on github, or later can be moved into IPFS)
- apt-get install npm (debian dependency)
- NPM install (NPM server dependency)

To only run the client/server/meshnet requires
- golang binaries (static file IPFS, or wget/remote server dependency)
- golang dependencies in the gopath (dependency on github, or later can be moved into IPFS)

So we should be able to have skycoin node and meshnet nodes running completely from IPFS without depending on DNS and using only local resources. This should significantly improve deployment speed and reliability for unattended and automated installation.

The end goal is that
- all our files required for installation should be in one volume (zip file or IPFS)
- everything required for install should be in that volume
- install will complete and server will run reliably, even if network cable is unplugged from server (offline installation, with no network resources or foreign dependencies)
- installation should be fully automated (unattendend installation and automated deployment)

This solves the following problems
- our build process has been very poor and needs to be completely automated (for build bot)
- the internet is falling apart internationally and has been getting progressively worse over last year, especially for Russia, China, Brazil and South East Asia. Scripts that would work perfectly are failing because of inability to access cross border network resources, because of filtering, throttling at border or cyber attacks on the DNS system.
- Even within China, traffic between different ISPs will often completely drop for seconds at a time, screwing up installation scripts, while overseas traffic is also dropping sporadically or being filtered. Within China, all installations requiring access to github.com, apt-get repos often fails. Access to all google servers is blocked (including golang binaries and git repositories hosted on google servers).
- Several people have offered us single VPS servers to run nodes on. Someone offered us 3 nodes. Another person offered 5 servers. Another sent us a list of IP, username/password for 30 VPS servers. Another person offered  two hundred servers. We do not have time to maintain and update the nodes by hand. We need completely automated deployments with ansible.
- a medium sized meshnet node deployment for VPS might be ~30,000 nodes. So we need perfectly reliable, automated installation, deployment and self-testing. The human time, should not increase as the number of servers/nodes increase. It has to be zero marginal cost.

For instance for servers in Singapore, japan and Tokyo we are getting errors like this.



So for reliability we need to internalize all our dependencies to eliminate the possibility of disruption of access to network resources, preventing deployment and installation.

These are problems we are having right now. There is not even a war yet and the submarine cables have not even been cut yet. I cannot figure out why there are are so many problems with HTTPS, SSL and DNS lately.

We have even seen our installation scripts broken by errors indicating a SSL packet injection attack, which were only observed on servers at a large corporation that may be an interesting target for attack and only if we are accessing overseas resources. We have also observed DNS problems, when a VPN is used to particular countries and where traffic passes through particular countries.

DNS Is completely insecure and broken. DNS is completely unencrypted and 3rd parties can easily modify DNS packets in transit. It is not reliable anymore, because of the increasing weaponization of DNS by ISPs. I am getting these DNS problems in Singapore, Hong Kong an Taiwan now.

We also had failed DNS resolution cause an inability to access STUN servers, so the node was unable to determine its public facing IP address.

China's cyber security policy appears to include blocking every overseas resource (such as docker), controlled or owned by an entity subject to US/NATO national security orders. Unreliable networking causes a slew of meaningless Docker errors that the program is not designed to handle.

Very annoying.

skycoin
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December 06, 2016, 07:37:53 AM
Last edit: December 06, 2016, 08:11:10 AM by skycoin
 #2426

Hey Skycoin,

do you plan to update your website in order for us potential users to get some info on developments, basic features and opportunities regarding this coin?
Also, what's your distribution model? In the OP I read that less than 1% of the coins will be distributed and more than 99% held by someone(?). That's not very decentralised...
Holding an ICO is also not a very good idea nowadays when 9 out of 10 ICOs this year ended with investors losing money almost from day 1 of the coin being listed on an exchange.

Eagerly awaiting your comments!

>do you plan to update your website in order for us potential users to get some info on developments, basic features and opportunities regarding this coin?

We have ~30 people working. There are ~4 people doing the white papers.
- we only have one frontend dev part time on the website, so will take a while to get all the content
-- he is only doing the download page and wallet page right now
- we have one vector graphics guy, to do illustration
- have ~5 different people working on various white papers for the website
- we just got a community manager, who will handle updates and pushing notification to community on the social media channels
- we only have one angular 2.0 person part time for the wallet GUI and we have backlog of 40 to 60 bugs (wallet, blockchain explorer) and he is working through that
- Our ICO and exchange platform integration has been handed over to a third party and there are ~15 people getting exchange and ICO ready.
- we have one person working full time on the coin
- three people working on meshnet actively right now
- two people working on skyhash/aether
- one person working on CXO
- one person working on CX
- two people working on consensus implementation
- one person doing logo, infographics part time
- We had meetings with the exchange people and have liaison person and he needs to follow up.
- We have one person working on build scripts, docker and ansible 20 hours a week
- etc

So we are spread pretty thin right now. I am nagging the website person everyday and recruiting other people to nag him. After the download page is satisfactory and we have the white paper page, then we will start adding more information to the website.

The website has a backlog of twenty or thirty things and we are only getting one or two things done per day. Its four to six iterations to get a good download page and we are only doing one iteration per week.

We need to hire a person to just do documentation and improve our documentation for installation (for OSX and to verify build scripts work and to clean up documentation).

>In the OP I read that less than 1% of the coins will be distributed and more than 99% held by someone

2.4% of the coins have already be distributed. Each of the core developers is only getting 1% each and they are locked for several years.

The next ICO will be about 0.3% . Then we may have a 0.6% to 1% ICO at higher price.

We need a 8x to 25x appreciation, for the investors who have been holding coins for the last three years.

The market cap is the free float, times the price per coin. The speculators, marketing and exchange partners want the coin ranked in the first ten by valuation, for viability. Then they want a stable price that varies within a range and which gradually appreciates over time.

Our distribution schedule is very similar to Bitcoin.
- We are not doing a large sale of 30% of the coins at once like Ethereum. We think this distribution schedule sells to many coins and limits the upside for investors and will destroy the long term price when the speculators/miners dump.
- We are not hoarding 98% of the coins like Ripple (the Ripple free float is a lie)
- We think a gradual distribution with the number of new coins decreasing over time is the best distribution schedule.
- If the distribution negatively impacts the price, we will cut the distribution back and if it continues to fall we will begin buybacks.
- We have a professional market maker partner who is invested for the long term and will provide liquidity on both sides of the order book.

We think the Bitcoin distribution schedule is the most natural and has been the most successful. We do not have miners and no new coins are created, so it has to be done by hand, but we think that is best way to allow gradual long term appreciation.

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December 18, 2016, 01:11:34 PM
 #2427

just saw the Skycoin official release thread ! is this the one to follow up ? Is there a release roadmap?
Any news for lang-time follower ? Wink
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December 18, 2016, 07:00:58 PM
 #2428

just saw the Skycoin official release thread ! is this the one to follow up ? Is there a release roadmap?
Any news for lang-time follower ? Wink

Hello.

Can you post the link to that thread here?!
Thanks?!

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December 19, 2016, 12:03:15 AM
 #2429

just saw the Skycoin official release thread ! is this the one to follow up ? Is there a release roadmap?
Any news for lang-time follower ? Wink

Hello.

Can you post the link to that thread here?!
Thanks?!


It's probably a scam thread that's nothing to do with the real skycoin. The creator of that thread is a one post newbie account. If it was legit the original skycoin account would have created it.

https://bitcointalk.org/index.php?topic=1719478.0

This is a warning about it.


As long as the original skycoin account isn´t posting here a confirmation, I consider this as a scam attempt. Be aware guys.

Wait until the original skycoin account comments on that new thread to confirm whether it's a scam or not.
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December 19, 2016, 09:26:03 AM
 #2430

just saw the Skycoin official release thread ! is this the one to follow up ? Is there a release roadmap?
Any news for lang-time follower ? Wink

Hello.

Can you post the link to that thread here?!
Thanks?!


It's probably a scam thread that's nothing to do with the real skycoin. The creator of that thread is a one post newbie account. If it was legit the original skycoin account would have created it.

https://bitcointalk.org/index.php?topic=1719478.0

This is a warning about it.


As long as the original skycoin account isn´t posting here a confirmation, I consider this as a scam attempt. Be aware guys.

Wait until the original skycoin account comments on that new thread to confirm whether it's a scam or not.

yes that´s why I asked here in the original thread.
there is nothing wrong with some caution
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December 25, 2016, 01:09:49 PM
 #2431

Update:

We are at 90% launch readiness
- network is operating
- 3 of the 7 white papers are on the websites
- deposits, withdrawals and done
- Skycoin order book is done
- CLI and WebRPC are done
- skycoin.net website is 70% done (backlog of tickets)
- over half the wallet builds are on website (but have backlog of UI bugs)
- wallet explorer API is done. We are waiting on web dev to fix UI bugs and to do the stand alone blockchain explorer
- infographics are done
- introduction video is in progress
- several of our applications are close to launch (but backlog)

Infographics



















CXO

We did benchmark two days ago and were able to sync 20,000 hash objects in 10 seconds.

The meshnet is being refactored, so that it can be run and debugged in a single threaded context, to avoid the use of mutex and multiple redundant goroutines as much as possible.
 
After we get the coin backlog done, then we will switch to marketing and launching applications.

Marketing

We are starting with dedicated marketing and intend to do one content push per channel per week.

We will move the development and technical discussion to our own distributed social media platform on top of CXO as soon as possible.

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December 25, 2016, 01:27:33 PM
 #2432

This coin is 3 years old now, but don't see you in exchanges, so you will have an ico for funding? Cool.
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December 25, 2016, 01:32:30 PM
 #2433

just saw the Skycoin official release thread ! is this the one to follow up ? Is there a release roadmap?
Any news for lang-time follower ? Wink

Hello.

Can you post the link to that thread here?!
Thanks?!


It's probably a scam thread that's nothing to do with the real skycoin. The creator of that thread is a one post newbie account. If it was legit the original skycoin account would have created it.

https://bitcointalk.org/index.php?topic=1719478.0

This is a warning about it.


As long as the original skycoin account isn´t posting here a confirmation, I consider this as a scam attempt. Be aware guys.

Wait until the original skycoin account comments on that new thread to confirm whether it's a scam or not.

I think that is one of our marketing channel accounts.

I do not like the name "SkycoinOfficial" and he should change it to something better.

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December 25, 2016, 02:11:50 PM
 #2434

This coin is 3 years old now, but don't see you in exchanges, so you will have an ico for funding? Cool.

>This coin is 3 years old now, but don't see you in exchanges, so you will have an ico for funding? Cool.

We did a ghetto ICO, by hand on bitmessage a few years ago. To software developers who had to compile the wallet from source, on linux.

Now we are testing ICO on third party website. We are also testing order book and exchange integration. They will test out the bugs and write documentation for Skycoin exchange integration.




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December 25, 2016, 02:39:16 PM
 #2435

This will crash like a an offtopic discussion hit by spam. It looks like no one is interested in seeing the meshnet alive. Im firmly sure u dont know what it is, just copy and paste schemes u found in wikipedia. If I was a radio host I would invite u in my office and, when u're ready to talk, lock the door and turn on a tap with toxic waste to freak u out and make u yell in mic thus confusing ur listeners.
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December 26, 2016, 02:58:35 PM
 #2436

Can someone fix all of the electron wallet bugs and test it on every platform. Then do a pull request.

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December 26, 2016, 05:42:42 PM
 #2437

Also:
- can I get feedback on the infographics? Any suggestions?
- has anyone read the first three whitepapers yet
- we are taking bugs on bitmessage in the Skycoin channel and putting them into the issue tracker.
- feedback on website

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December 28, 2016, 07:33:35 AM
 #2438

In panel "Skycoin - How to Get Skycoin", "bussiness" should be spelled "business". Will have to look at some of the others to fully understand the diagrams. A lot of it could benefit from animation.

I would also get rid of the dashes (hyphens) in front of the letters "A" and "B" which have leaders with arrows going to the nodes they denote.

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December 29, 2016, 11:59:56 AM
 #2439

I'm happy to see that this project is still going on and getting closer to being realised. I had it on my Watchlist minutes since the original post was made. So many other new projects came and gone since then, most of them as Skycoin said were useless to begin with.
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December 29, 2016, 04:33:01 PM
 #2440

I am as well, been following it since a month after it was first posted. The Bitseed unit was originally meant to be a Skywire mesh networking node, along with a Google Ara module for their modular mobile phone. still looking forward to Skywire release to continue with it.

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