[SKY] Skycoin Launch Announcement

[xtester]

so until all been sold out, no one can start trading?

also what's the plan for skynet?

Skycoin has been very silent until now, focusing on the hard development part. Since we are very close to launch, we have begun to change that, adding the marketing part Skycoin needs. Things should start gaining in speed and momentum from here on. The ICO will probably sell out sooner than people realize and as soon as it's done, we should have trading begin.

[xtester]

question:

c2c says : Total SKY Redeemed: 310663
but there are few transactions with millions of coins in it : http://explorer.skycoin.net/blocks

how is this possible? dev fund?

There were several batches of coins sold since inception. The current batch from c2c consists only of 500k coins. So it's 310663 out of 500k in this batch.

About 7 MILION coins were sent last 7 days!


from op:
"There are 100 million coins. We have sold about 600,000 of them 0.6%. We plan to sell between 1% ICO/IPO, before price floats."

blockexplorer:


2017-03-29 18:19    745    1    500000    e0fd9bc469ab5ad3d6a942ee613668ed01446321c2f5c4afcad14dd14429c67a
2017-03-29 18:19    744    1    1000000    aff8df3497c5e4d4c443fffbfd8596adea49501c27feb551526bf496c91fefb4
2017-03-29 18:19    743    1    1000000    3acb315195e0d10a3f8fb3f46f1aa667d153f9ab6586d7f874c37dcfa359b10f
2017-03-29 18:18    742    1    999999    bae13ceb8a590343f80061b0433ed19d6ad03ae8d425267c239c2c9e0606d7e1
2017-03-29 18:18    741    1    1000000    c1b131aa9f4d3f0e3373b3fcadac6bc78d59db0211563206165d33edda3274cc
2017-03-29 18:04    740    1    77510    c1ad4b2d061936d8dddd6ef2cb3538add262b87eda631d1e059d4baa2f1e44cd
2017-03-29 18:02    739    1    77511    36bd32ca0407549aad085e09ea16ace997734d947c6fd0019e0e4581f522d76c
2017-03-29 17:59    738    1    20    4b435caf8ba8eadc7cff4dd38f939975de8672f2c1877aac7e3f79c1d7f0e91f
2017-03-29 17:58    737    1    77521    b6a02a840f13490a3c285456b4c8b39ed0ce4c97ba14c773111af7b505576855
2017-03-29 11:29    736    1    20    b0db9abd41f02ac51c40d59fe7df1d3a4bc9fc68ea2a7f1efece7bbb17a18614


........





edit: Don´t get me wrong. I like this project.  I´m just wondering about that. And as a potentiell investor i want to know.

The OP is old and outdated. My post will be the new OP. We will update that shortly.

[xtester]

https://www.c2cx.com/orders

why you choose c2cx ?

never heard about this exchange....

Please see this post about ICO and other details: https://bitcointalk.org/index.php?topic=380441.msg18433321#msg18433321

Skycoin has a partnership with C2cx. We will try to make sure registration and other problems are solved.

[MellowYellow14]

How can I buy into the ICO?

[xtester]

How can I buy into the ICO?

Just click the link for more info: https://bitcointalk.org/index.php?topic=380441.msg18433321#msg18433321

[SatoNatomato]

Byteball first real? What is about IOTA?)

Iota is not yet in actual livenet production, its consensus algorithm is still "ask the developer to include your balance in the next milestone database release"-stage.

[wizzardTim]

Byteball first real? What is about IOTA?)

Iota is not yet in actual livenet production, its consensus algorithm is still "ask the developer to include your balance in the next milestone database release"-stage.

Why do you spread misinformation? IOTA network is live, accurate and fast. There has never been a serious bug - only improvements

[xtester]

Updated OP.

JOIN THE DECENTRALIZED INTERNET - ICO OPEN

* Written from scratch in Golang. Solving bitcoin problems. *
* Innovative consensus algorithm. Provably secure. Not based upon PoW or PoS. *
* No mining. No 51% attack. No double spending. *

Important Links
Website | Wallet | Blockchain Explorer | Whitepapers | Exchange | Github | Twitter | Telegram

What is Skycoin?

Skycoin is a flexible yet potent network of interdependent layers, which begun development in 2012 with the goal of addressing several of bitcoin's limitations. The first phase of Skycoin was a major research undertaking which has taken several years and will conclude with the implementation and official launch of the Skycoin platform. The second phase will focus on bootstrapping the Skycoin economy via a rich ecosystem of applications and services, aimed at solving several real-world problems. Thanks to a long and sustained collaborative effort, Skycoin has been designed to be faster, more secure, and more efficient than bitcoin or other crypto-platforms, thus, becoming the first solid foundation for the decentralized internet.

The project consists of 8 main components: 1)Sky Ledger, 2)Obelisk, 3)BlockDB, 4)Aether, 5)Skywire, 6)CXO, 7)]CX and 8)Skycoin.

- Sky Ledger is Skycoin's block chart standard based upon uxto model.
- Obelisk is Skycoin's innovative consensus algorithm which replaces POW and POS with a web of trust. The new cryptographic and network primitives allow verification of mathematical conditions for unanimous network consensus, both for public and private blockchains. The new network primitives also enable detection of malicious node behaviour. Obelisk was inspired by academic research into adversarial distributed time-stamping and algorithms such as Ben-Or's, Paxos, and the Castro-Liskov PBFT algorithm. It is a new solution to the Byzantine Generals problem which offers strong mathematical security guarantees, even when the majority of nodes are hostile.
- BlockDB is Skycoin's block storage engine which doesn't use SQL. It is a key-value store for constant time operations without indices.
- Aether is Skycoin's peer-to-peer caching and replication protocol of immutable CXO objects.
- CXO is Skycoin's immutable object system.
- CX is Skycoin's programming / application / blockchain language.
- Skywire is Skycoin's meshnet. A new public source routed MPLS network protocol, designed and integrated into the Skycoin ecosystem.
- Skycoin is the token powering the ecosystem, through which Skywire and Aether can be used.


Primary Applications

Due to its advanced architecture, the Skycoin platform offers an unlimited number of potential applications:

Aether   - State/Storage/Data
Skywire - Communication
CX         - Computation

We are currently working on 3 main applications which are almost done:

- A VPN application based on the Skywire network protocol.
- A messaging application based on Skywire network protocol.
- A distributed content management system based on Aether/CXO.


Roadmap

Please note that all the dates mentioned here are tentative, and could be subject to further changes.

ICO & Coin Distribution

There are a few important aspects about the Skycoin ICO which should be noted:

- Only 10% of the total Skycoin supply will be sold during this ICO round.
- The ICO will be open until all 10% are sold, or Skycoin's official launch commences.
- The price of Skycoin will increase to 1500SKY/BTC starting with 15 April.
- The distribution of skycoin will be closely monitored and we will provide market making positions to ensure the price does not dip below ICO price.
- We are prepared to make buybacks in order to help bootstrap Skycoin and protect investor's interest at inception.


Specifications

- New Consensus Algorithm: Obelisk
- Transaction time: 10 seconds
- Total Supply: 100 million SKY
- Coins divisible to 6 decimal places
- No inflation
- No mining


Features

Security:
- Higher level of security for non-technical users with improved ease of use
- Deterministic ESDSA, enforced signature mutability
- Hardening against SHA256 pre-image attacks, hardening against side channel attacks
- Hardening against "offline" attacks on secp256k1
- Optional quantum computer resistant: Two Step protocol transactions
- Standardized remote signature HMAC API for hardware wallet devices

Privacy:
- Skycoin transactions have higher privacy than Bitcoin transactions ("wallet mixing", "money pot")
- Skycoin protects its users from identification for increased safety in hostile countries (ex. HTTPS/TLS tunneling)
- Skycoin provides stenographic wallets

Usability:
- Wallet supports Bitcoin and Skycoin
- 15 second transactions (point-of-sale)
- Simple 256-bit deterministic wallets
- Clients only need unspent output set instead of whole block chain ("Snapshot")

Distributed Exchange:
- Off blockchain transactions (through standardized API, "gateway")
- Powerful scripting language for contracts (non-turing complete statically typed LISP variant)
- Open Transactions type crypto-equities, bonds, options and other securities
- OTC gateway API (based upon FIX, SWIFT, FIXatdl)

Skycoin Meshnet Project:
- Uses Skycoin Darknet protocol over wifi mesh network
- Uses receive Skycoin for providing transit
- Bridge the "last mile" between homes and fiber with a distributed wireless mesh networks and community ISPs.
- SOPA, PIPA, ACTA and the Comcast/Time Warner merger have made it clear that political solutions are no longer viable.

Skycoin CoinJoin Protocol:
- Skycoin naively supports a simplified CoinJoin protocol
- CoinJoin mixes transactions from multiple wallets to increase transaction privacy
- Skycoin is designed so that it is impossible to determine which transactions are CoinJoin transactions
- This protocol is much simpler than zero coin while dramatically improving transaction privacy.


Ecosystem And Strategic Partnerships

In addition to the innovative technology Skycoin brings to the market, we are actively discussing several strategic partnerships with exchanges, payment processors, businesses and other institutions, aiming to add considerable value and utility to the Skycoin ecosystem. Should discussions come to fruition and come the right time, we will make appropriate announcements.


Need Help?

We are working on a FAQ page which will be added shortly.


Future Updates

We intend to maintain a 2 week schedule update, providing a concise status report on how things progress.


Developers And Contributors

Skycoin is an open source project; the result of a large collaborative effort between multiple interdependent teams. We will work hard to create strong incentives through substantial bounties and rewards, ensuring an increasing inflow of valuable contributions to the project. We will make sure that people who contribute to the success of Skycoin will be proportionally compensated.

[myhoho]

question:

c2c says : Total SKY Redeemed: 310663
but there are few transactions with millions of coins in it : http://explorer.skycoin.net/blocks

how is this possible? dev fund?

blockexplorer:


2017-03-29 18:19    745    1    500000    e0fd9bc469ab5ad3d6a942ee613668ed01446321c2f5c4afcad14dd14429c67a
2017-03-29 18:19    744    1    1000000    aff8df3497c5e4d4c443fffbfd8596adea49501c27feb551526bf496c91fefb4
2017-03-29 18:19    743    1    1000000    3acb315195e0d10a3f8fb3f46f1aa667d153f9ab6586d7f874c37dcfa359b10f
2017-03-29 18:18    742    1    999999    bae13ceb8a590343f80061b0433ed19d6ad03ae8d425267c239c2c9e0606d7e1
2017-03-29 18:18    741    1    1000000    c1b131aa9f4d3f0e3373b3fcadac6bc78d59db0211563206165d33edda3274cc
2017-03-29 18:04    740    1    77510    c1ad4b2d061936d8dddd6ef2cb3538add262b87eda631d1e059d4baa2f1e44cd
2017-03-29 18:02    739    1    77511    36bd32ca0407549aad085e09ea16ace997734d947c6fd0019e0e4581f522d76c
2017-03-29 17:59    738    1    20    4b435caf8ba8eadc7cff4dd38f939975de8672f2c1877aac7e3f79c1d7f0e91f
2017-03-29 17:58    737    1    77521    b6a02a840f13490a3c285456b4c8b39ed0ce4c97ba14c773111af7b505576855
2017-03-29 11:29    736    1    20    b0db9abd41f02ac51c40d59fe7df1d3a4bc9fc68ea2a7f1efece7bbb17a18614


........

 We really need to know what all those movements are all about!

[coinspeed]

ah, man... 90% of the supply is controlled by the unknown dev team? So this is like a decentralized currency?
Unless this coin provides some instantly problem solving features out of the box, the price chart is going to look something like VOX or LBC. Devs will dump coins on the market (c3cx?) each month just to cover expenses and since there's no POW, there's nothing to induce a price floor. I expect that until at least 50% of the coins have been distributed, this will slide into the abyss.

Am I wrong?
Please explain

[Skyrik]

ah, man... 90% of the supply is controlled by the unknown dev team? So this is like a decentralized currency?
Unless this coin provides some instantly problem solving features out of the box, the price chart is going to look something like VOX or LBC. Devs will dump coins on the market (c3cx?) each month just to cover expenses and since there's no POW, there's nothing to induce a price floor. I expect that until at least 50% of the coins have been distributed, this will slide into the abyss.

Am I wrong?
Please explain

Yeah.. and strange that they revived project only now, when qtum crowdsale went offline and with only 1 Chinese exchange... They had hm 3-4 years to develop it...

I am 100% sure that Patrick (Steven)  involved with this project too  

[justinc2014]

many projects are funded with holding their own coins in reserves, transparency will be the factor of monthly reports what has been paid out and released on the market would be respectful for the holders of the coin.

So is the ICO funding a insurance to stable the price at a dollar until the funds dry up, to be used in it own exchange.

As the developer sell their earnings they are paid in bitcoin on skycoin exchange.??

I think a economic post needs to be done to clearly state the idea of the BTC ICO funding...

[stormia]

Great so the qtum shills BTCspace and cybterpunk are following me here to bury my questions. Would appreciate an answer from skycoin.

[justinc2014]

mmmm The same people on the qtum page calling it a scam has migrated here now attacking this thread..   with allegations and speculation on just  a "witch hunt",  

It does not matter Just burn the witch..

If you do not like the project well just go! I have bought the ICO, you have not move along and go buy Ripple..  

Personally I am going to use skynet everyday and want too see it built..

[stormia]

mmmm The same people on the qtum page calling it a scam has migrated here now attacking this thread..   with allegations and speculation on just  a "witch hunt",  

It does not matter Just burn the witch..

If you do not like the project well just go! I have bought the ICO, you have not move along and go buy Ripple..  

Personally I am going to use skynet everyday and want too see it built..

The heck are you talking about, I'm not accusing skycoin of anything. I've been following this project for years waiting for the ICO and when skycoin made the post praising qtum, yeah, it concerned me because I (and many, many others) do strongly believe qtum is a scam. All I'm doing is asking skycoin some pretty basic questions, why would you need to get so defensive about that?

I come in here after seeing the ICO is live on icocountdown to check on the state of things before putting my money in and the first thing I see is "qtum". Yeah excuse me for now wanting a bit of an explanation as to why skycoin supports a project many consider shady af before I invest my hard earned money here.

[justinc2014]

Did i say you no, watch the language buddy..  you know the deal  ... what is the point going on about qtum 24 hours a day, and drowning out the real question from people...

[stormia]

you need grow up. Zimbeck said Dai is the only good guy in that project earlier, please check Zimbeck's thread. also what zimbeck bring to that shit project？ a better GUI wallet. Also Zimbeck do not even know how to release a real coin and he claimed himself as the best developer， that's ridiculous!

another reason is zimbeck worked with some bad guys want to blackmail Qtum team some money, and they say no.  

This is the last stuff David said about Dai so don't come in here with that bull:

Thanks, yeah I want to expand the team but good coders are extremely expensive and hard to train and find. I need someone who is so good they can refactor this 50,000 line monster. Preferably into a web version also.

At the current rate, I've calculated that its faster for me to do everything myself. If I somehow magically get millions of dollars then I would certainly consider taking on coders also because the investors would have a guarantee if something happens to me.

There was an ICO, I wasn't in control of the finances, a lot of lies were told to me. There was 4 founders, Steven Dai, BTER, Bobsurplus and Gekko. I was just the dev but they cut me in as a partner. I told them they had to supply me with devs to make it successful. Instead, they all vanished after the fundraiser and didn't do a single minute of work. (other than trying to bully everyone for more funds). Then they tried to trash my name.

So you know, I just took over the project with the small amounts of Bitcoin I did make and have been living off that for two years. Things are a bit tight, but i manage. I'm a very stubborn bastard and really refuse to see investors lose. I'm happy to see the price is now ABOVE the ICO. If I had left like the others, it would have been in the dust.

The rolling peg might be of particular interest to you.

And bentach, I'm going to discuss with core the best way to update the OP. You are right we should also have our news articles on there. I'm just one person. So its hard to manage all this and code.

Wow amazing $10m raised in just 90 minutes so it looking this will be finished in next few hours as like people are investing into this project.

Just so you know when Patrick did Bitbay he bought almost 50% of it and gave himself a refund with free coins. So in this case the majority of this was bought by him and the others Patrick works with. If he holds close to 100% then he will try to dump them for the highest price. The chat log of Patrick/Steven Dai doing this is all over Bitcointalk. However I have tons more chat logs from Bay of him doing that to us. I've had to endure him dumping his Bay while I developed for 2 years. Don't ever trust this soulless theif. So no Qtum didn't raise 10 million in a few minutes. Investors beware.

Even if what you say is true, having been to China and seeing the stuff people will invest hundreds of thousands of dollars in, I honestly think there was more than enough demand to have sold this out in only a couple hours.  I know people there who've spent hundreds of thousands of dollars on rock collections and jade and other similar nonsense just because there aren't sufficient investment options in China.  And since all the other developers know about this guy's history I'm sure they're watching him more closely than they otherwise would, so presumably he wouldn't be able to pull anything like that unless he has everyone colluding on it-given the supposed investors involved I would seriously doubt that he could pull this off unless he wants to end up in a Chinese gulag.  It's one thing to rip off random people on the internet, but if you rip off a founder of Kuaidi you'll end up in a bad place real quick.

Anyways, the ICO is over anyways so it is what it is.  At this point let's just see if Qtum actually develops into something interesting or if I just wasted a few thousand bucks.

Well when he screwed us at BitBay he was in on it with Lin from BTER who used phantom BTC to fund it and Bobsurplus and Gekko. And what I'm saying is true, its all over Bitcointalk it was famous. I dealt with him first hand and he said he would stay and he didn't and kept the funds he got. Luckily he is out of BitBay now but watch your ass.

And any project that sells all that in 90 minutes is paying themselves. I've seen this with my own eyes man on the project that I have now taken over.

Do you seriously think rich people don't work together to steal from people?? There is no oversight the devs have into Patrick, at best they will have a multisig assuming the exchanges don't refund Patrick first.

How do you think they got rich in the first place?

By lying.

And just so you know, as long as Dais partners are secretive about their refunds it can go 10+ years unnoticed. Look at Enron... that company didn't even exist and was making billions for untold amounts of years. And how long did Bernie Madoff make money off people?? Maybe you haven't been paying attention. But I'm not going to fight any investors here, I've already said I will stay out of it. You have all been clearly told what goes on. If you want to gamble nobody is stopping you. Dai can shit gold bricks but that won't change what he is.

This is what I've been giving my life to fight. To prevent deception using double deposit escrow. Sadly the only way to stop guys like Dai is with a barbed club.

Unless there is another David Zimbeck account I don't know about where he directly contradicts himself on this account? In which case I'd be happy to be enlightened. Please, link me to the post you speak of I cannot find it. Otherwise you just demonstrated you are a liar.

And what are you talking about David not being a real dev? Is he not the sole dev that accomplished everything BitBay became over the last 2 years? According to his post above, after Dai and the other BitBay founders abandoned the project and ran off with the funds he was the only one left to work on it.

So again, this relates to one of my original questions to skycoin (after skycoin said: "they (qtum) have a lot of previous developers and have already done two previous coins and are the best team I have seen so far.")
which is: what previous two coins are you talking about that qtum/Dai worked on? Simple question, isn't it? Almost as simple as the questions being asked of qtum to share proof of the funds they claim to have collected.

[stormia]

Did i say you no, watch the language buddy..  you know the deal  ... what is the point going on about qtum 24 hours a day, and drowning out the real question from people...

I'm a person and my questions are real, and quite simple too. So in fact you are the one downing out my question. And I got rid of my swear words, sorry. And 24 hr a day? I originally made 2 posts asking questions to skycoin, but yeah now it does kind of look like I am going on about qtum but that's only because I'm having to repeat and justify my questions... If my questions had just been answered instead of being buried I wouldn't be here having to repeat myself.

[hansen.ng]

Looking good. I will invest some btc in this. Best of luck!

[justinc2014]

guy's I understand that qtum is conversational issue, I have not invested in it..
sky-coin has delivered the goods so far and invested all my btc in it.  

what comes down to it at the end, is do you trust the project, with 90% of the coin held by the developers.

If you have doubts and see it high risk go invest in another project, there is least 50 of them a year.

yes the developers could dump all the coin onto the market and make it worth nothing,
The code could not be finished and turn to vapor.

What i know the project has been running for years slowly, and to throw it away for just a quick buck would be a waste.

most people invest in a project later on when they see results....

You do not have to be an ICO investor...