[SKY] Skycoin Launch Announcement

[Touque]

+1. Making progress!

[Tobo]

Interesting project, watching

[l4p7]

@Skycoin
Can you show us where that happened "We might have terms like "no forking coin without permission for 24 months after date X" and then license is MIT or GNU after that. We have already had to remove build scripts from the repo because someone tried to fork and launch the coin before us"

[renxiaoyao]

Continue to wait for the coin to be released

[jztxeno]

any news?

[lemfuture]

any news?

no news is good news

[skycoin]

Development Update:

Extremely boring changes going on.
- wallet GUI  is being fixed to use new RPC
- new repo for wire protocol: https://github.com/skycoin/skywire

Example of Connection pool: https://github.com/skycoin/skywire/blob/master/poolExample0.go
Example of Connection pool with message handler: https://github.com/skycoin/skywire/blob/master/poolExample1.go

We are moving towards a "service architecture" for networking. You have a connection pool, which manages connections to multiple peers. Each peer is running multiple "services" they advertise. Services communicate over "channels" on a physical connection. Channel 0 is used for QoS, initiation, teardown and service metatadata.  Service peers are found through DHT (distributed hash table) and PEX (peer exchange).

Blockchain downloading/replication is a service, transaction relay is a service. Darknet routing, Darknet relay and off-blockchain transactions are a "service". Distributed exchange will be a service. Messaging will be a service.

Node identities will be authenticated later, but system has not been finalized yet. The identity system will make the service architecture IP address independent. You will be able to find, connect to and message peers from the hash of their public key. Messaging service will offer asynchronous communication between peers by pubkey hash (essentially skycoin addresses).

The messaging system will let your wallet contact the merchant, generate new unused addresses for a transaction and give you a signed receipt for the transaction from the merchant. It will also enable invoices for reoccurring payments, such as for VPS services. Merchants will be able to send shipping confirmations and other information over the messaging channel. This will be major improvement for usability.

We will be assigning development bounties for services like "folder syncing" between computers. We want service that allow users to rent out their disc space and bandwidth to third parties for Skycoin. The system has to do something useful, that people will pay coins for and which does not create a botnet.

Roadmap:

Coin Launch Requirements:
- Blockchain replication ported to Skywire repo using new service architecture
- Transaction relay ported to Skywire repo
- Blockchain database pulled out from skycoin/src/visor and skycoin/src/blockchain

Darknet Launch Requirements:
- darknet relay node service
- darknet routing node service
- golang library for controlling USB wifi devices and initiating connections

We are going to get coin done first, launch. Then work on Darknet, then go back and finish Obelisk.

We have some major announcements, but will wait until after launch.

[JessicaMILFson]

Are you still doing a test net? And still launching a miner that converts doge to sky?

[skycoin]

Are you still doing a test net? And still launching a miner that converts doge to sky?

The testnet has been running for 3 months and we are confident that the bugs left are minor. I think we can skip testnet.

Someone else can create a dogecoin pool that mines dogecoin and sells them to buy Skycoin. We dont have time to create a pool because there is too much work to do right now.

[JessicaMILFson]

Excellent, any possible info on eta of launch and has there been any changes in the fundraising model you proposed a long time ago


Also we still sticking with skycoin as the name?

[skycoin]

Excellent, any possible info on eta of launch and has there been any changes in the fundraising model you proposed a long time ago

Also we still sticking with skycoin as the name?

Yes. We are not doing inflation anymore. It is too much work.

We are hiring new developers after the IPO and will be selling coins to pay them. We wont sell off coins faster than the market can absorb and will decrease sell off rate if it affects the price negatively. Sell off rate will be variable.

We may be giving out coins as an incentive to roll out the wifi network, which requires a density of people who are in range of each other. We will put a map online where people can add locations they can setup equipment and will give out 200 Skycoin for confirmed mesh links. We will choose a few test cities and may distribute a few hundred thousand dollars in coins this way.

We have a lot of software to write, so we will be giving out bounties for projects that will drive adaption and will be hiring more developers.  We will also being doing more things after launch to engage the media and get favorable coverage in news outlets catering to groups that would benefit from adaption. We are hiring people to manage these media relationships and so it does not distract from development.

We are pursuing multiple strategies to ensure adaption.  We are looking at two years of work post launch to get to where we want to be.

Just the wallet project, getting support for multiple coins in the wallet, getting an exchange in the wallet, adding messaging and improving the user experience for purchases is going to take a full team a year of work. We are already starting on the third iteration of the wallet GUI, but will postpone major changes until after launch.

[td services]

I'm negotiating to buy and resell the quad core ARM Odroid and/or NanoPC boards to run Skycoin and other PoS coin nodes for a mesh darknet, personal/public cloud storage, and encrypted VOIP. The boards are at http://hardkernel.com/main/main.php and http://nanopc.org/NanoPC-T1_Feature.html . A Ubuntu 12.04 build is already available for them, which I also have running with Skycoin on Virtualbox. I'm considering setting up a bunch of these in the Mission District of SF to start a cryptocoin based meshnet, so the proposed Skycoin subsidy would be a boon for this.

An $8 wi-fi USB module is available. Anyone have any idea if I should have 2 Wi-Fi radios per unit? Maybe even 3 if using 802.11b or g, 1 for each distinct channel, 1, 6, and 11. Directional antennas would be better, but will require a pricier Wi-Fi module.

Looks like not all dongles are created equal as far as using as an access point, http://forum.odroid.com/viewtopic.php?f=8&t=1952 . Their Wi Fi 3 does have a threaded connector and is 802.11n, but antenna is an omni. I'd rather have 3 radios with 120 degree sector antennas for 360 coverage with 3 channels.

[precrime3]

How does distribution processes occur? Any thought of an IPO? I want in!!

[skycoin]

I'm negotiating to buy and resell the quad core ARM Odroid and/or NanoPC boards to run Skycoin and other PoS coin nodes for a mesh darknet, personal/public cloud storage, and encrypted VOIP. The boards are at http://hardkernel.com/main/main.php and http://nanopc.org/NanoPC-T1_Feature.html . A Ubuntu 12.04 build is already available for them, which I also have running with Skycoin on Virtualbox. I'm considering setting up a bunch of these in the Mission District of SF to start a cryptocoin based meshnet, so the proposed Skycoin subsidy would be a boon for this.

An $8 wi-fi USB module is available. Anyone have any idea if I should have 2 Wi-Fi radios per unit? Maybe even 3 if using 802.11b or g, 1 for each distinct channel, 1, 6, and 11. Directional antennas would be better, but will require a pricier Wi-Fi module.

Looks like not all dongles are created equal as far as using as an access point, http://forum.odroid.com/viewtopic.php?f=8&t=1952 . Their Wi Fi 3 does have a threaded connector and is 802.11n, but antenna is an omni. I'd rather have 3 radios with 120 degree sector antennas for 360 coverage with 3 channels.

For hardware:
- Edimax EW-7811Un (good linux support)
- TP-LINK TL-WN722N (external antenna support for long distance directional links)
- Ubiquiti Nanostation routers (1 mile range line of sight, $80 each)
- Ubiquity AirFiber (15 mile ranges, 1.4 Gb/s, $1500)
- TP-LINK TL-ANT2424B 24dBi 60 cm Directional Grid Parabolic Antenna (10 mile range line of sight)

The subsidy will be about $200/access point.

We need libraries in golang for controlling the wifi devices from linux, scanning for networks, connecting to them, disconnecting.

[td services]

Don't you need two Airfiber units to create a link? Also, Airfiber is on a different frequency than 802.11, I don't know if it's unlicensed. It does have a nice bandwidth though at 1.5 gbps. I'm pretty sure I can get fiber to the to the network.

Site says AirFiber is 24 Ghz unlicensed spectrum.

[Korean]

Excellent, any possible info on eta of launch and has there been any changes in the fundraising model you proposed a long time ago

Also we still sticking with skycoin as the name?

Yes. We are not doing inflation anymore. It is too much work.

We are hiring new developers after the IPO and will be selling coins to pay them. We wont sell off coins faster than the market can absorb and will decrease sell off rate if it affects the price negatively. Sell off rate will be variable.

We may be giving out coins as an incentive to roll out the wifi network, which requires a density of people who are in range of each other. We will put a map online where people can add locations they can setup equipment and will give out 200 Skycoin for confirmed mesh links. We will choose a few test cities and may distribute a few hundred thousand dollars in coins this way.

We have a lot of software to write, so we will be giving out bounties for projects that will drive adaption and will be hiring more developers.  We will also being doing more things after launch to engage the media and get favorable coverage in news outlets catering to groups that would benefit from adaption. We are hiring people to manage these media relationships and so it does not distract from development.

We are pursuing multiple strategies to ensure adaption.  We are looking at two years of work post launch to get to where we want to be.

Just the wallet project, getting support for multiple coins in the wallet, getting an exchange in the wallet, adding messaging and improving the user experience for purchases is going to take a full team a year of work. We are already starting on the third iteration of the wallet GUI, but will postpone major changes until after launch.

So you guys are not going to release 100,000,000 coins at the market at once. Instead, there is still going to be a controlled release rate?

[eightspaces]

when is the release date?

[l4p7]

Can someone explain what the services are Skycoin will provide? By services I mean "remittance" or e-commerce / micro transactions which Bitcoin enables? Is Skycoin another Bitcoin with own code base that overcomes the design flaws of POW/Bitcoin? How does it enable mesh networks? And will Skycoin have applications beyond mesh networks?

[gs02xzz]

Can someone explain what the services are Skycoin will provide? By services I mean "remittance" or e-commerce / micro transactions which Bitcoin enables? Is Skycoin another Bitcoin with own code base that overcomes the design flaws of POW/Bitcoin? How does it enable mesh networks? And will Skycoin have applications beyond mesh networks?

My understanding is that Skycoin will be more than Bitcoin. It will still have all features which Bitcoin has as a crypto-currency without using PoW mechanism to reach consensus. But in long run, Skycoin is shooting to be a decentralized network/platform mainly for wireless transmission on which people can build their business. If I am correct, it will be like a decentralized wireless internet service.

[SyRenity]

We need libraries in golang for controlling the wifi devices from linux, scanning for networks, connecting to them, disconnecting.

Doing a very similar task at this moment exactly, let's discuss it in PM.