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Author Topic: [SKY] Skycoin Launch Announcement  (Read 379123 times)
brownmon
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April 13, 2017, 05:13:28 AM
 #2681



Hmm I don't think I want to do that just to buy a coin...
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April 13, 2017, 07:49:09 AM
 #2682



Hmm I don't think I want to do that just to buy a coin...

I had the same concern. It turns out this is just for fiat withdrawls. You don't need to do this for SKY. I have an account less than an hour old and can confirm I was able to withdrawl it to the Skycoin wallet without any hassles or limits or fees.

Good luck!

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April 13, 2017, 08:55:44 AM
 #2683

How do I backup my SKY wallet with the ubuntu wallet, so that when I upgrade the wallet in future releases, I can make sure I still have my coins?

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April 13, 2017, 09:00:28 AM
 #2684

How do I backup my SKY wallet with the ubuntu wallet, so that when I upgrade the wallet in future releases, I can make sure I still have my coins?

your seed is your pass

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April 13, 2017, 02:37:40 PM
 #2685

how many skycoin left for ico ?

why it take so long ?

Total SKY Redeemed: 467353 of 500000 SKY

so 32647 SKYcoin left in this round (2 more days)

and then price will go up from 2000SKY/BTC to 1500SKY/BTC

It seems all 500000 SKY has been redeemed.
Where can I buy it now, while the price is relatively low?
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April 13, 2017, 03:58:19 PM
 #2686

 Congrats, seems like its over for a while.

Quote
c2cx Thank you for participating in Round 1 of the Skycoin ICO. If you are reading this and did not get a chance to participate in Round 1 then don't worry; Round 2 will come shortly. We'll send you an email when the date for Round 2 has been decided.

 I just don't like to buy coin using exchange in Chinese (!!!!!) jurisdiction (*Chinese government might halt cryptocoin trade any moment), that ask me my passport and mobile phone confirmation to withdraw while I can't receive their sms messages.
 

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brownmon
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April 13, 2017, 04:06:28 PM
 #2687

I had the same concern. It turns out this is just for fiat withdrawls. You don't need to do this for SKY. I have an account less than an hour old and can confirm I was able to withdrawl it to the Skycoin wallet without any hassles or limits or fees.

Good luck!

Damn, I saw this too late and now I've missed Round 1!
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April 13, 2017, 04:17:37 PM
 #2688


 I just don't like to buy coin using exchange in Chinese (!!!!!) jurisdiction (*Chinese government might halt cryptocoin trade any moment), that ask me my passport and mobile phone confirmation to withdraw while I can't receive their sms messages.
 

That was a bug. As far as I know it should be fixed now. Sms is disabled and ID should only be needed for fiat withdrawls.
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April 13, 2017, 04:29:39 PM
 #2689


 I just don't like to buy coin using exchange in Chinese (!!!!!) jurisdiction (*Chinese government might halt cryptocoin trade any moment), that ask me my passport and mobile phone confirmation to withdraw while I can't receive their sms messages.
 

That was a bug. As far as I know it should be fixed now. Sms is disabled and ID should only be needed for fiat withdrawls.

 I haven't tried to force withdraw yet but withdraw page notice me in red that I absolutely  have to verify my identity. It's not obvious that one should just ignore that

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ROCKET

▄▄    ▄▄





▄▄    ▄▄

ENTHRALLING GRAPHICS
● NEW TYPE OF GAMES
100% REFERRAL BONUS
((       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄████████ ██ █████████▄
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April 13, 2017, 05:42:07 PM
 #2690

Update:

The ICO sold out.

Then as soon as it sells out, we get thirty messages at once that people could not buy and it was supposed to last until the 15th.

Next:

- Next we will start with two exchange listings at once. Trading will start and coin will float
- Last time after ICO, people were selling Skycoins for 5x the ICO price, but we screwed that up by doing another ICO, so this time we are doing exchange listing

- the chinese translation of the website is done
- we are also getting a new website and redesign

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April 13, 2017, 05:42:30 PM
 #2691


 I just don't like to buy coin using exchange in Chinese (!!!!!) jurisdiction (*Chinese government might halt cryptocoin trade any moment), that ask me my passport and mobile phone confirmation to withdraw while I can't receive their sms messages.
 

That was a bug. As far as I know it should be fixed now. Sms is disabled and ID should only be needed for fiat withdrawls.

 I haven't tried to force withdraw yet but withdraw page notice me in red that I absolutely  have to verify my identity. It's not obvious that one should just ignore that

Its fixed now.

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April 13, 2017, 06:27:42 PM
 #2692

hang on guys... so 10% of the coins will be sold in the ICO? 90% held back, where 70% will be used "in the future". Can you guys elaborate on that a bit? I'm interested in this project, but not while only 10% of the supply is circulating. I also suspect this will prevent quite a few exchanges from getting involved. Maybe I didn't understand this proposed distribution... can anyone help me with that? I'm likely to wait until more than 60% of the supply is out there to jump in, but good luck on your project! (hello from NEM Xtester)

There is no scheme of distribution, that will make everyone happy. No matter what we do, some people will complain.

Distributing 30% of the coins at once, like Ethereum did, is a mistake (for various reasons). We spent a year evaluating different methods and a slow tapered, Bitcoin like distribution was the best option. This means a constant rate of new coins being released on to the market over time, with that number decreasing over time.

However we have not determined the optimal rate yet. We need to find an empirically good policy.

We have to do this by hand, because of the way the coin is designed. No coins are created or destroyed when new blocks are created, which simplifies the mathematical structure of the blockchain and makes it cleaner, but it means all the coins are created in the genesis block.

So there are two separate issues

- are coins distributed and put into circulation gradually
- are coins put into distribution all at once, with a giant crowd sale

We chose a hybrid of a small crowd sale and then bitcoin like distribution schedule, as being optimal

The other issue is
- are coins put into circulation by automatic mechanisms such as blockchain rewards
- are coins put into circulation by hand, by the developers

If the developers put the coins into circulation, then it requires more trust in the developer . However, if distribution is driving down the coin price, then the distribution can be cut back to protect the earlier investors. Otherwise, the coin price would be eternally decreasing, so everyone would dump the coin because the price is going down at a constant rate for a persistent amount of time and the rate of new coins cannot be cut back because its an automatic part of the block reward.

Where as, we can cut back distribution (because we are forced to do it by hand), to avoid this.

It is not perfect, but this was the best system and policy we found.

The distribution rate the market can sustain, reflects how well the development, marketing and community growth is going. So if those are doing very well, it means we can sustain a larger development effort. And if not, then we can scale back and the coin will still survive and appreciate.

It is simply impossible to choose an optimal, automatic and preset distribution rate parameter, because it depends on empirical things outside of the blockchain itself. No matter what the developers set the parameter to at launch, it will end up being either too high or too low.

A very important thing, is that no one actually cares how many coins there are or how many have been distribution. People only care
- how many coins they own
- what the price per coin is

So if you have 25,000 coins and you bought them at $0.10 and the price goes to $50, then you made 500x. The investors only care about the price per coin.

So we are focused on the price per coin metric. If we distribute too quickly, then it would drive down the price per coin. So it our opinion is better to keep the coin supply tight, than to dump a massive number of coins on the market (like byteballs and stellar did).

If the number of coins in circulation doubled, from 5 million to 10 million. It does not matter, because they made 500x. There is a multiplier for the impact of putting new coins into circulation, for effect it has on coin price
- if 100% coins are dumped for bitcoin, then every dollar of coins put into circulation will end up in the capital outflows for the coin (driving price down). This is what happens when people GPU mine shitcoin and the miners instantly dump every coin they earn for Bitcoin.
- if new coins are going to people that are driving improvements, community growth, development, marketing then every dollar of coins distributed, can produce multiple dollars of direct and indirect new capital inflows, driving the price per coin up faster than the inflation caused by new coins (This is what we want to see for Skycoin and what will determine how aggressive the distribution rate is)

We do not have a simple distribution strategy, because it depends on what we are trying to do.
- if we are trying to raise funds for development, we will do an ICO for bitcoin
- if we are trying to get people to run nodes, we will allocate 1% as bonus to be distributed over people running nodes
- if we are trying to get apps developed for the network, we will allocate coins as bounties for high priority apps to drive growth
- if there is a crash and we want the price per coin to recover quickly, then we might cut back distribution rate
- etc

As long as the distribution schedule protects the price per coin, then no one will complain

We also tend to do small experiments. Smaller ICOs, testing bounties. We never plan do Ethereum/Stellar/Byteballs style distributions, where a large number of new coins come on to the market at once. We want to do smaller tests and if they work, then do more of that.

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April 13, 2017, 06:30:57 PM
 #2693

THe 'loading' sign on the slient never goes,
The client never loads, ii am using win 64 with electron version,


Thank you. Fixed.

Packaging Bug. Will release new build.

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April 13, 2017, 07:09:19 PM
 #2694

 So, lets test exchange listing and and see if I can make 200x profit)). 500x is too much for me)

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● NEW TYPE OF GAMES
100% REFERRAL BONUS
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April 13, 2017, 08:17:01 PM
 #2695

In the meantime, everyone is welcome to join our telegram group: https://t.me/Skycoin

In case of problems and questions, you might get the quickest answer there.

That link doesn't seem to be working, is there another?

link works for me.

I guess it doesn't work on firefox, switched to chrome and it is working now.

Get in there boys.  Cool

If you want some seriously interesting crypto discussion.

Is it possible to join without using a telephone number?

Unfortunately I don't think it's possible, but noone will be able to see your phone number in Telegram. It is the most secure platform / easiest of use - slack is a massive security risk.

Wow that sucks. I won´t ever put m phone number into such a thing. Slack work very well, would have been a mucg better choice.

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April 13, 2017, 08:21:23 PM
 #2696

Hello skycoin !
I have a problem with windows wallet it doesnt want to run anymore(win10 64bit electron). It started the first time, but after that the process hangs and never starts..

I did try a reinstall same result.

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April 13, 2017, 09:17:16 PM
 #2697

Hello skycoin !
I have a problem with windows wallet it doesnt want to run anymore(win10 64bit electron). It started the first time, but after that the process hangs and never starts..

I did try a reinstall same result.

I´ve also some issues with my wallet. Few days ago it worked smooth  Undecided

INVALID BBCODE: close of unopened tag in table (1)
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April 14, 2017, 12:38:31 AM
 #2698

Looks like supply was changed, or at least the price, from the old ICO. I remember the figures were ridiculous. Been a couple years. This time is a little more sensical. Did those people keep their coins? How many are will be floating from before this "ICO"?

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ICOcountdown.com
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April 14, 2017, 01:59:39 AM
 #2699

In the meantime, everyone is welcome to join our telegram group: https://t.me/Skycoin

In case of problems and questions, you might get the quickest answer there.

That link doesn't seem to be working, is there another?

link works for me.

I guess it doesn't work on firefox, switched to chrome and it is working now.

Get in there boys.  Cool

If you want some seriously interesting crypto discussion.

Is it possible to join without using a telephone number?

Unfortunately I don't think it's possible, but noone will be able to see your phone number in Telegram. It is the most secure platform / easiest of use - slack is a massive security risk.

Wow that sucks. I won´t ever put m phone number into such a thing. Slack work very well, would have been a mucg better choice.

You are putting more data into slack than you realise.

BTCspace
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April 14, 2017, 03:50:23 AM
 #2700

will we have another round ico ?

what's the plan to distribute the left coin?

thank you

running farm worldwide
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