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Author Topic: [SKY] Skycoin Launch Announcement  (Read 381237 times)
ICOcountdown.com
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April 27, 2017, 04:23:41 AM
 #2821

anyway the distribution model is not that good now.

The distribution is mathematically optimal. You cannot design a better distribution scheme than the Skycoin scheme. We enumerated all previous distribution schemes and chose the best one.

You are used to seeing pump and dump style distributions and that is what people are asking for and we will not do it. We are also not going to do some NXT style scam and pretend the coin was "distributed" in a way that the user base cannot complain, when in reality three people own 98% of the coins. The undistributed Skycoins are locked, for a reason and that is to prevent a reoccurance of the dumping that destroyed NXT.

We combined a publicly auditable distribution scheme with with a Bitcoin tapered distribution schedule, while eliminating the capital outflows from miners. We chose this distribution scheme, because mathematically it is the best possible that can exist.

Until someone proposes something superior to "I think they should do a massive coin drop on me and give me free coins", the "distribution" complaints are just divide and conquer, meaningless babble and foaming at the mouth.

The Skycoin distribution will follow the Bitcoin model of a constant number of coins over a time period, with tapering and halving over time, up to a fixed maximum value.

Distribution will take at least seven years. We are in a hurry and some of us have already been here four or five years. I think we will get to 70% distribution within ten years. Rushing distribution, only hurts the investors, so we are in no hurry to dump coins faster. If anything we will probably decrease the rate of releasing new blocks of coins.

This is to create  a slow, steady appreciation of the coin and reason for people to hold on to it. Instead of a massive Ethereum style pump and dump (which worked for Ethereum, but which is a very bad type of distribution style in general).

We think our distribution scheme is the best possible. No one has given any superior alternative, or even a proposal that would not drive down the price per coin. Skycoin's distribution scheme is designed to maximumize the price per coin over time and to avoid driving own the price per coin.

The Skycoin distribution schedule and philosophy is identical to Bitcoin's distribution rate, or how Facebook or Google stock was distributed. Google did not distribute 80% of its shares by doing a massive Ethereum style crowd sale, before any of the work was done. It sold off fixed, small slices of equity at each step at an increasing price. Then they dumped the money into development and increasing the value of the equity for all stakeholders by investing the money raised in infrastructure.

This is what makes sense for funding a large, long term project whose value is increasing. We are using this model, because it works.

If we can raise $1 and invest it in marketing, software development and hardware and produce a $100 increase in market cap, then we are doing well. If we are only producing $0.25 in value for every dollar spent, then we should stop raising money and cut distribution back. We do not want to crowd out our return rate.

maybe check the byteball distribution?



The byteball distribution was a free airdrop.

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April 27, 2017, 04:34:41 AM
 #2822

Where can we get some skycoin? I saw that it was open for "redemption" on some chinese website, but saw it was a ridiculous price for only a small supply of the total tokens available. Can you give more info on how to get SKY?

This time it's different.
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April 27, 2017, 04:36:51 AM
 #2823

Where can we get some skycoin? I saw that it was open for "redemption" on some chinese website, but saw it was a ridiculous price for only a small supply of the total tokens available. Can you give more info on how to get SKY?

It is traded on Cryptopia and c2cx.

https://www.c2cx.com/trade_sky (c2cx).

https://www.cryptopia.co.nz/Exchange/?market=SKY_BTC (Cryptopia).

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April 27, 2017, 04:48:37 AM
 #2824

anyway the distribution model is not that good now.

The distribution is mathematically optimal. You cannot design a better distribution scheme than the Skycoin scheme. We enumerated all previous distribution schemes and chose the best one.

You are used to seeing pump and dump style distributions and that is what people are asking for and we will not do it. We are also not going to do some NXT style scam and pretend the coin was "distributed" in a way that the user base cannot complain, when in reality three people own 98% of the coins. The undistributed Skycoins are locked, for a reason and that is to prevent a reoccurance of the dumping that destroyed NXT.

We combined a publicly auditable distribution scheme with with a Bitcoin tapered distribution schedule, while eliminating the capital outflows from miners. We chose this distribution scheme, because mathematically it is the best possible that can exist.

Until someone proposes something superior to "I think they should do a massive coin drop on me and give me free coins", the "distribution" complaints are just divide and conquer, meaningless babble and foaming at the mouth.

The Skycoin distribution will follow the Bitcoin model of a constant number of coins over a time period, with tapering and halving over time, up to a fixed maximum value.

Distribution will take at least seven years. We are in a hurry and some of us have already been here four or five years. I think we will get to 70% distribution within ten years. Rushing distribution, only hurts the investors, so we are in no hurry to dump coins faster. If anything we will probably decrease the rate of releasing new blocks of coins.

This is to create  a slow, steady appreciation of the coin and reason for people to hold on to it. Instead of a massive Ethereum style pump and dump (which worked for Ethereum, but which is a very bad type of distribution style in general).

We think our distribution scheme is the best possible. No one has given any superior alternative, or even a proposal that would not drive down the price per coin. Skycoin's distribution scheme is designed to maximumize the price per coin over time and to avoid driving own the price per coin.

The Skycoin distribution schedule and philosophy is identical to Bitcoin's distribution rate, or how Facebook or Google stock was distributed. Google did not distribute 80% of its shares by doing a massive Ethereum style crowd sale, before any of the work was done. It sold off fixed, small slices of equity at each step at an increasing price. Then they dumped the money into development and increasing the value of the equity for all stakeholders by investing the money raised in infrastructure.

This is what makes sense for funding a large, long term project whose value is increasing. We are using this model, because it works.

If we can raise $1 and invest it in marketing, software development and hardware and produce a $100 increase in market cap, then we are doing well. If we are only producing $0.25 in value for every dollar spent, then we should stop raising money and cut distribution back. We do not want to crowd out our return rate.

maybe check the byteball distribution?



Is this a joke? I really hate how people praise byteball distribution. Ooooh lets give people free money based on how much money they already have, let's make the rich richer and help to consolidate wealth further!

In an ICO or crowdsale the rich can still buy more, obviously, since they have more money to invest- but that also requires they invest more which means they are taking on more risk. With an airdrop there is no risk, the rich are just handed more money than other people for no reason other than the fact they already have more money. They don't have to take on any proportional risk. It's an absolutely trash economic model that will never work.

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April 27, 2017, 06:55:26 AM
 #2825

With the distribution model that has been proposed here for skycoin who makes the money of coins when they are sold at various times???
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April 27, 2017, 07:43:41 AM
 #2826

when the skynet release?
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April 27, 2017, 09:34:10 AM
 #2827

maybe list skycoin at bittrex?

we need more exchanges.

running farm worldwide
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April 27, 2017, 12:12:33 PM
 #2828

maybe list skycoin at bittrex?

we need more exchanges.

 No, we don't). We only need more established community and pr. But I don't insist, I just dream to buy some more skycoins below the ICO price)))
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April 27, 2017, 02:31:09 PM
 #2829

The distribution of this coin is really confusing, is it already possible to run a node and receive sky? What was average ICO price?
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April 27, 2017, 02:54:44 PM
 #2830

What was average ICO price?

 The last ICO round was @0.0005 BTC


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            ▓▀`            ╙▀▀▀███████████████▀▀▀"
. COMSA
ICO: Oct 2 - Nov 6
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stormia
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April 27, 2017, 10:47:47 PM
 #2831

New wallet still doesn't work for me on windows 10. I've already unblocked it by my firewall, is there anything else I should try?

I have to open it twice for it to open at all, and then once it has opened it is just a blank white screen although the Skycoin and Edit tabs ate still present in the top left corner.
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April 27, 2017, 10:48:43 PM
 #2832

New wallet still doesn't work for me on windows 10. I've already unblocked it by my firewall, is there anything else I should try?

Start the system with safe mode and share result with us. Maybe it can solve the problem.

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April 27, 2017, 10:54:42 PM
Last edit: April 27, 2017, 11:21:54 PM by elelegzet
 #2833

 Recent Skycoin client @ Windows 10 wasn't working for me either. GUI just doesn't show up. I'm using Linux version which runs smoothly  Cool.


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          '"       ╓@▓▓▓▓▓▓▓▓▀▓▓▓▓█████████████▀╙        ,
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ICO: Oct 2 - Nov 6
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April 27, 2017, 11:05:57 PM
 #2834

New wallet still doesn't work for me on windows 10. I've already unblocked it by my firewall, is there anything else I should try?

Start the system with safe mode and share result with us. Maybe it can solve the problem.

Same thing happens, GUI won't load.
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April 27, 2017, 11:27:39 PM
 #2835

New wallet still doesn't work for me on windows 10. I've already unblocked it by my firewall, is there anything else I should try?

Start the system with safe mode and share result with us. Maybe it can solve the problem.

Same thing happens, GUI won't load.

 It's never too late to install Ubuntu  Wink. Skycoin discourage its users to run Windows as long as Microsoft doesn't respect our privacy and self-sufficiency in decision-making  )


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          '"       ╓@▓▓▓▓▓▓▓▓▀▓▓▓▓█████████████▀╙        ,
                 ╓▓▓▓▓▓▓▓▓▓╜    ╙▀▀▀▀▓▓▓▀▀▀▀╜          ╓▓▓▓╖
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            ▓▀`            ╙▀▀▀███████████████▀▀▀"
. COMSA
ICO: Oct 2 - Nov 6
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stormia
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April 27, 2017, 11:33:56 PM
 #2836

New wallet still doesn't work for me on windows 10. I've already unblocked it by my firewall, is there anything else I should try?

Start the system with safe mode and share result with us. Maybe it can solve the problem.

Same thing happens, GUI won't load.

 It's never too late to install Ubuntu  Wink. Skycoin discourage its users to run Windows as long as Microsoft doesn't respect our privacy and self-sufficiency in decision-making  )

Yeah and unfortunately Microsoft will never change but if skycoin hopes to be widely adopted and taken seriously they should probably make a windows wallet that works.
digi123
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April 28, 2017, 05:13:40 AM
 #2837

With the distribution model that has been proposed here for skycoin who makes the money of coins when they are sold at various times???

Seeing that knowone has as yet answered me I'll ask again. With the distribution model that has been proposed here for skycoin who makes the money of coins when they are sold at various times???
Vega
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April 28, 2017, 07:16:16 AM
 #2838

Seeing that knowone has as yet answered me I'll ask again. With the distribution model that has been proposed here for skycoin who makes the money of coins when they are sold at various times???
Maybe nobody answering because the last few pages were full of lenghtly posts about distribution and nobody feels the need to reward your extreme laziness?
ICOcountdown.com
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April 28, 2017, 07:19:27 AM
 #2839

Seeing that knowone has as yet answered me I'll ask again. With the distribution model that has been proposed here for skycoin who makes the money of coins when they are sold at various times???
Maybe nobody answering because the last few pages were full of lenghtly posts about distribution and nobody feels the need to reward your extreme laziness?

Distirbution is being discussed heavily, we have slack and telegram to discuss distribution models. You can see both on the website

https://skycoin.net

Please join and get involved with the discussion.

digi123
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April 28, 2017, 09:22:23 AM
 #2840

Seeing that knowone has as yet answered me I'll ask again. With the distribution model that has been proposed here for skycoin who makes the money of coins when they are sold at various times???
Maybe nobody answering because the last few pages were full of lenghtly posts about distribution and nobody feels the need to reward your extreme laziness?

Distirbution is being discussed heavily, we have slack and telegram to discuss distribution models. You can see both on the website

https://skycoin.net

Please join and get involved with the discussion.


Am I correct in understanding that the sale of future coins goes to "skycoin" from this thread and/or developers. I have been following this thread and it just seems obvious that whoever controls those coins receives the cash when they are sold off.
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