[SKY] Skycoin Launch Announcement

[chompyZ]

Is there any way to get this coin? Not listed on an exchange.  Do they intend to get it listed at some point?

Skycoin has a built-in decentralized exchange, supporting Bitcoin & Skycoin.
I therefore doubt if it will be listed on any centralized exchange.

https://github.com/skycoin/skycoin-exchange

[chompyZ]

With the recent Bitfinex hack, Skycoin-exchange will be really spot-on, especially when it supports BTC & SKY, and since it has no limit of order size (afaik).

https://github.com/skycoin/skycoin-exchange

[Herp]

Give me the elevator pitch. Why would I wanna buy this?

[chompyZ]

Give me the elevator pitch. Why would I wanna buy this?

Perhaps you mean "Why should I support this?" 

[skycoin]

Update:

Exchange:

Exchange is done
- https://github.com/skycoin/skycoin-exchange
- bitcoin deposits
- bitcoin withdrawls
- skycoin deposits
- skycoin withdrawls
- order book

The Angular 2.0 gui for the client JSON API is being integrated right now.

This is not just an "exchange", but
- has "local" wallet (private keys and local wallets) and remote wallet (coins deposited in the exchange)
- has a thin client, API, so that you can get unspent outputs and inject transactions
- is multi-coin (the coin handling is pluggable, so that we can add new coins over time)
- does not use HTTPS or even IP addresses. Is designed to identify the server by public key and to run over meshnet/darknet eventually. Crypto is secp256k1 with ECDH and chacha20. Will have first level of crypto at meshnet and identification of server by public key, then ephemeral transport layer encryption.
- accounts with the exchange are 33 byte secp256k1 public keys
- eventually you will be able to disable the order book and most of the coins and use the "exchange" server as a thin client API for querying unspent output balances and injecting transactions from thin clients (this is the API the multi-coin mobile wallet is being built on)

Still a lot of work on this

The idea is that you do not hold the coins in the exchange. So if the exchange is attacked and coins are stolen, you will not care.

You can move skycoin into the exchange in 2 to 10 seconds, perform your trades and then withdrawal the coins back to your local wallet. There is a "local wallet" for each coin, where you can withdrawal your litecoin, dogecoin, ethereum to and where you control the private key for each address. Without having to run the blockchain for each coin.

This solves the problem, that people are trading on dozens of coins and never withdrawing the coins to their wallets, because they cannot have the blockchains installed for twenty seperate coins.
- therefore the users never withdraw the coins
- therefore the exchanges sell coins that do not exist and that they do not have, knowing that the user will never withdraw them.
- this avoids the problem of where the exchanges are running on fractional reserve and where when a large user attempts a withdrawal, the exchange has to go and buy up the coins from other exchanges (who may not have them and in term has to buy them from another exchange).

Meshnet

Meshnet is in version 12 and is passing unit and integration testing.
- https://github.com/skycoin/skycoin/blob/master/src/mesh2/examples/integration2/integration2.go
- https://github.com/skycoin/skycoin/tree/master/src/mesh2
- https://github.com/skycoin/skycoin/tree/master/src/mesh3

Pluggable transport is working.

The mesh network is being heavily refactored.

You can currently
- spawn nodes (identified by public key)
- create a pluggable transport and attach it to the node
- create "routes" or source-routed multiple hop paths, that allow communication between nodes
- run a tun/tap VPN on linux/OSX over a route

The meshnet should be ready for general use by version 14 or 15.

Things that are not done
- analytics (one way latency, round trip latency, transport throughput, reporting)
- multi-homing
- network topology reporting/route finding service
- everything

Dev Priorities

Development is chaotic because we are currently developing five separate applications.
- exchange
- wallet
- transaction database/explorer API backend
- consensus
- meshnet
- CX
- mobile wallet
- multi-coin API
- etc...

Development Priorities
- get website up for wallet/exchange client downloads (build process is fixed now)
- exchange (skycoin/bitcon liquidity)
- get first consumer version of meshnet out
- get first applications out

Once the exchange is working, we should have the wallet download on the website and available for non-developers.

We have two applications now (soon four; wallet, exchange, mesh node, vpn). We have to decide if these should be packaged separately or as one unit with an electron menu for application selection.

Build Status

The builds work on OSX, Linux, Window and ARM.
- The 32 bit windows problem in the crypto library has not been fixed
- All skycoin applications are using a local webserver, which exposes a JSON data API and then an Angular 2.0 web application served statically from local host (which calls the JSON API)

All of the CGO dependencies have been removed from all Skycoin applications and libraries and so automatic cross platform builds are working now.

For GUI we are using Electron, which embeds chrome with the wallet. Instead of using the system web-browser. This increased the executable size from 10 MB to 60 MB.

Wallet Improvements:

New tabs are being added to the wallet, to make data more accessible.





- There is now a tab for seeing the unspent output balances.
- There is another tab for modifying default node connection lists.

We now have the libraries working, for multi-coin support, but it has not been added to the wallet yet.

Applications:

We are doing corporate stuff and dealing with CentOS deployment. I think we will have a suite of self-hosted applications, after the network is running.

[skycoin]

Pulled the latest from github and ran ./run.sh and my wallet is empty. The history tab is also empty. Importing the seed creates another empty wallet.

The console has these errors every once in a while:

2016/06/20 21:17:09 GetWalletBalance: ID NOT FOUND: id=
2016/06/20 21:17:09 GetWalletBalance: ID NOT FOUND: id=

Problem?

I have also had much trouble trying to get things to work...

illodin, digi123

Fixed. We were porting the wallet GUI from Angular 1.0 to Angular 2.0 (javascript to typescript). Also, new build system (electron+gulp).

It should work flawlessly now. However, only works in Chrome and Firefox (not Safari).

See
- https://github.com/skycoin/skycoin/tree/master/src/gui/static

This is the source code for the whole wallet GUI now
- https://github.com/skycoin/skycoin/blob/master/src/gui/static/src/app/app.loadWallet.ts

Typescript is much cleaner than the original javascript.

[myhoho]

 I'm impressed, really. Is still possible to buy some more skycoins @ IPO price ?

[schnötzel]

I'm impressed, really. Is still possible to buy some more skycoins @ IPO price ?

push


and can you pm me some book titles?

[skycoin]

Recent Intel x86 processors implement a secret, powerful control mechanism that runs on a separate chip that no one is allowed to audit or examine.

http://www.extremetech.com/computing/230342-report-claims-intel-cpus-contain-enormous-security-flaw

A couple of links relevant to this thread.

OP has already been warning us about these issues for a long time, but now the info is starting to get out to the wider audience. The conclusion that the backdoors are there because of national security agencies demanding so has been left to the reader though.

It is actually even worse than that
- https://wikispooks.com/w/images/9/96/Full-Disclosure.pdf

They have backdoors on the cable modems and can put you in a shadow TOR, where you think you are connected to TOR, but are really connected to an NSA controlled TOR mirror. (BULLRUN / EDGEHILL)

The whole internet will need to be scrapped, because the protocols have flaws that allow this.

Also, all motherboards have TPM 2.0 chips in them. Some of these chips expose the computer over a blue tooth or radio, cannot be disabled and does not require the operating system to load it. The government can look up MAC address to the private key to get access to the chip. These are mandatory for all computers, for requirement for any motherboard or CPU that can run any version of Windows since Windows 8.

“At least 80% of fibre-optic cables globally go via the US. This is no accident and allows the US to view all communication coming in. At least 80% of all audio calls, not just metadata, are recorded and stored in the US. The NSA lies about what it stores..... The ultimate goal of the NSA is total population control... The NSA is mass-collecting on everyone, and it’s said to be about terrorism but inside the US it has stopped zero attacks.”

The NSA will soon be able to collect 966 exabytes a year, the total of internet traffic annually. Former Google head Eric Schmidt once argued that the entire amount of knowledge from the beginning of humankind until 2003 amount to only five exabytes.

This is one reason they are pushing bandwidth caps.

The programs are ultimately about total population control.

[dadingsda]

Who´s selling coins? Even for dev´s post it´s worth to invest!

[Byter88]

I'm impressed, really. Is still possible to buy some more skycoins @ IPO price ?

Bump, why cant this coin be bought at an exchange? Havent been able to find it.

[beamforming2]

I guess it will take a long time to get on an exchange because this is unique technology. The exchange would have to build new custom code.

is now get on any exchange? I want buy some!

[skycoin]

I'm impressed, really. Is still possible to buy some more skycoins @ IPO price ?

Bump, why cant this coin be bought at an exchange? Havent been able to find it.

Its not listed yet. The wallet is not publicly available yet and only has been for developers for the last two years. We are still heavily in development.

Security Update:

This was just pushed anonymously the the master branch. Without going through the pull request process.

https://github.com/bitcoin-dot-org/bitcoin.org/commit/5e0fd5292c936324660c680e4e99506da659c9fb



I have been preparing for this for two years. Its beginning.

[Fragbait]

I have been preparing for this for two years. Its beginning.

Could you (or anyone really) give any concrete actions a regular Bitcoin holder could do in case there is something to worry about? Except to convert all Bitcoins to Skycoins of course.

[13Darko]

state sponsored attackers

What's the point to attack bitcoin? Are they trying to show that cryptocurrencies are not reliable?

[skycoin]

Update:

The builds are on the website, www.skycoin.net

The electron builds use Electron for the gui.
The binary builds use the system browser (chrome or firefox)

Production:

Consensus prototype is done and needs to be integrated into the client and src/daemon and /src/visor needs to be cleaned up. Then we are in launch/production.

Security:

https://bitcointalk.org/index.php?topic=915893.0
http://boingboing.net/2016/06/15/intel-x86-processors-ship-with.html

Exchange:

https://github.com/skycoin/skycoin-exchange







We are integrating the API into the angular GUI prototype and making incremental improvements.
- The "local wallet" and bitcoin/skycoin thin client API is being implemented

ICO: Buying Coins

People are demanding that we sell more coins before release.

At 2500 SKY/BTC, (2500 SKY  per BTC)

1> Generate a skycoin address
2> Send us how many coins you want
3> We send you Bitcoin address
4> You send coins
5> We send transaction id/confirmation/output

Generating Skycoin Wallet/Address:

Download wallet here:
- skycoin.net
- OR preferrably compile from source

Hit "Load Wallet From Seed", to generate a wallet deterministically from seed
- WRITE DOWN THE SEED AND DO NOT LOSE IT. You can regenerate the wallet, as long as you remember the seed value
- OR run client and goto http://127.0.0.1:6420/wallets and copy the randomly generate value "seed" for your wallet
- OR use address generation.
-- cd skycoin
-- go run ./cmd/address_gen/address_gen.go --seed="REMEMBER_THIS"

Command line address generation:


Bitmessage  BM-2cU8XJp3GPVQG75ZwMjiyzdDEa9eD4B7iM, with

{
skycoin_address: "DLLDajtufEG1KPg6VxGCoCQjwJ53XUSNni"
coins_requested: "2500"
btc_address; "address to return bitcoin to if there is a problem"
contact_address; "BM-2cU8XJp3GPVQG75ZwMjiyzdDEa9eD4B7iM, btctalks:coinman, optional"
}

OR, You can use bitcoin talks private message, but it is less secure.

Then we will send address to send BTC to.
Then message back when coins are sent (or we will send coins and the transaction id and outputs)

To see outputs (address balances), do
- http://127.0.0.1:6420/outputs
- OR in gui, click the gear and look at the output tab

To confirm transactions, look at transactions in
- http://127.0.0.1:6420/blockchain/blocks?start=0&end=5000

Then we will send a bitcoin address for the send.

[Momimaus]

Update:

The builds are on the website, www.skycoin.net

The electron builds use Electron for the gui.
The binary builds use the system browser (chrome or firefox)

Production:

Consensus prototype is done and needs to be integrated into the client and src/daemon and /src/visor needs to be cleaned up. Then we are in launch/production.

Security:

https://bitcointalk.org/index.php?topic=915893.0
http://boingboing.net/2016/06/15/intel-x86-processors-ship-with.html

Exchange:

https://github.com/skycoin/skycoin-exchange







We are integrating the API into the angular GUI prototype and making incremental improvements.
- The "local wallet" and bitcoin/skycoin thin client API is being implemented

ICO: Buying Coins

People are demanding that we sell more coins before release.

At 2500 SKY/BTC, (2500 SKY  per BTC)

1> Generate a skycoin address
2> Send us how many coins you want
3> We send you Bitcoin address
4> You send coins
5> We send transaction id/confirmation/output

Generating Skycoin Wallet/Address:

Download wallet here:
- skycoin.net
- OR preferrably compile from source

Hit "Load Wallet From Seed", to generate a wallet deterministically from seed
- WRITE DOWN THE SEED AND DO NOT LOSE IT. You can regenerate the wallet, as long as you remember the seed value
- OR run client and goto http://127.0.0.1:6420/wallets and copy the randomly generate value "seed" for your wallet
- OR use address generation.
-- cd skycoin
-- go run ./cmd/address_gen/address_gen.go --seed="REMEMBER_THIS"

Command line address generation:


Bitmessage  BM-2cU8XJp3GPVQG75ZwMjiyzdDEa9eD4B7iM, with

{
skycoin_address: "DLLDajtufEG1KPg6VxGCoCQjwJ53XUSNni"
coins_requested: "2500"
btc_address; "address to return bitcoin to if there is a problem"
contact_address; "BM-2cU8XJp3GPVQG75ZwMjiyzdDEa9eD4B7iM, btctalks:coinman, optional"
}

OR, You can use bitcoin talks private message, but it is less secure.

Then we will send address to send BTC to.
Then message back when coins are sent (or we will send coins and the transaction id and outputs)

To see outputs (address balances), do
- http://127.0.0.1:6420/outputs
- OR in gui, click the gear and look at the output tab

To confirm transactions, look at transactions in
- http://127.0.0.1:6420/blockchain/blocks?start=0&end=5000

Then we will send a bitcoin address for the send.

Really?? You are selling now skycoins for the same price other people paid 1,5 year ago with nothing on the line.

Now you are 100 steps further.... ´wow what a swlap in our faces.

[skycoin]

Really?? You are selling now skycoins for the same price other people paid 1,5 year ago with nothing on the line.

Now you are 100 steps further.... ´wow what a swlap in our faces.

OK. I will increase the price

I was only selling 500,000 coins. The initial pool is going to be kept very small, until it is tradable and can be pumped. This is mostly distribution to developers.

There will be a price increase when its listed/tradable and then the pump cartel whales want a tranche of at least 10%. It does not help them if they can only buy 1%.

I am a bit scared, when I look at the coin trading volumes today. It is becoming absurd. A lot of bored day traders, looking for volatility. Huge amounts of money. We should have listed this two years ago and not waited so long.

[bitseedmike]

Really?? You are selling now skycoins for the same price other people paid 1,5 year ago with nothing on the line.

Now you are 100 steps further.... ´wow what a swlap in our faces.

Price is already increased, from $.10/SKY during 1st ICO to about $.23/SKY at current BTC price, a 2.3X increase.

[Momimaus]

Really?? You are selling now skycoins for the same price other people paid 1,5 year ago with nothing on the line.

Now you are 100 steps further.... ´wow what a swlap in our faces.

Price is already increased, from $.10/SKY during 1st ICO to about $.23/SKY at current BTC price, a 2.3X increase.

Bullshit. BTC was tradable the last 1,5 years, skycoin was not