[SKY] Skycoin Launch Announcement

[onetwo12]

skycoin need some marketing.

and destroy some skycoin or have a clean plan how to distribute these coins!

[1713588037]

1713588037

[1713588037]

1713588037

[1713588037]

1713588037

[digi123]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

[onetwo12]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

that's a good way to distribute the coin.

[kedyoon]

skycoin need some marketing.

and destroy some skycoin or have a clean plan how to distribute these coins!

how about the distribution now?

[stormia]

I disagree that the only way forward is an overall coin offering. Personally I think it makes more sense and would be better for current investors if the coins are sold incrementally based on developement needs as the project progresses.

[Nashamoto]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

This makes sense, but what about the poor suckers who bought SKY coins years ago?

Best distro I've seen lately is byteball, airdrop 10% every full moon onto existing holders, has incentive of compound interest that prevents dumping until all coins afe released. Moving to 100% distribution asap is definitely advisable, but using some airdrops to reward past investors and encourage new ones to hodl would get SKY into top 20 almost immediately.

[xtester]

We working on some clarifications and updates which should hopefully be ready by the end of the week.

Until then, here are 2 sneak peaks of what skycoin is about and what it intends to be. 

[GTTIGER]

We working on some clarifications and updates which should hopefully be ready by the end of the week.

Until then, here are 2 sneak peaks of what skycoin is about and what it intends to be. 

Love you guys 
Fuck distribution, moon regardless.

[stormia]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

This makes sense, but what about the poor suckers who bought SKY coins years ago?

Best distro I've seen lately is byteball, airdrop 10% every full moon onto existing holders, has incentive of compound interest that prevents dumping until all coins afe released. Moving to 100% distribution asap is definitely advisable, but using some airdrops to reward past investors and encourage new ones to hodl would get SKY into top 20 almost immediately.

Again, the byteball distribution is utter trash. It makes no sense from an economic standpoint. I don't get why people are so positive about it, probably because it benefits them personally as large bitcoin holders.

"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."

If byteball never amounts to anything, which I doubt it will, it will be because of its shitty distrbution model that incentives hording and rewards the rich and weathy simply for being rich and wealthy while fucking over those that haven't already amassed amd horded capital.

Shit, in the byteball model even if you are rich and wealthy if you aren't hording your wealth but are instead actively investing and utilizing it (which is the best thing to do, not only for the interests of oneself but also for the economy as a whole) you get fucked too. Like all the people, such as myself, that have a fair amount of wealth in cryptocurrency, but don't horde it all away as bitcoin and instead actively trade and invest with it. I get nothing from their shitty distribution because I'm actively contributing to and participating in the growth of the economy instead of sitting on and doing nothing with my money.

Oh but guess who does get rewarded? All the exchanges, projects, and services that can claim their users', investors', and customers' BTC as though it is their own.

Fuck byteball and fuck "airdrop" distribution models. Anybody with any sense of how economics works will agree that that model of distinction is utter and complete trash. It has never been a viable model in any conventional economy and I strongly believe it will never work in a cryptocurrency based economy. If skycoin ever does something similar I will be out and never look back.  

[BTCspace]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

This makes sense, but what about the poor suckers who bought SKY coins years ago?

Best distro I've seen lately is byteball, airdrop 10% every full moon onto existing holders, has incentive of compound interest that prevents dumping until all coins afe released. Moving to 100% distribution asap is definitely advisable, but using some airdrops to reward past investors and encourage new ones to hodl would get SKY into top 20 almost immediately.

Again, the byteball distribution is utter trash. It makes no sense from an economic standpoint. I don't get why people are so positive about it, probably because it benefits them personally as large bitcoin holders.

"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."

If byteball never amounts to anything, which I doubt it will, it will be because of its shitty distrbution model that incentives hording and rewards the rich and weathy simply for being rich and wealthy while fucking over those that haven't already amassed amd horded capital.

Shit, in the byteball model even if you are rich and wealthy if you aren't hording your wealth but are instead actively investing and utilizing it (which is the best thing to do, not only for the interests of oneself but also for the economy as a whole) you get fucked too. Like all the people, such as myself, that have a fair amount of wealth in cryptocurrency, but don't horde it all away as bitcoin and instead actively trade and invest with it. I get nothing from their shitty distribution because I'm actively contributing to and participating in the growth of the economy instead of sitting on and doing nothing with my money.

Oh but guess who does get rewarded? All the exchanges, projects, and services that can claim their users', investors', and customers' BTC as though it is their own.

Fuck byteball and fuck "airdrop" distribution models. Anybody with any sense of how economics works will agree that that model of distinction is utter and complete trash. It has never been a viable model in any conventional economy and I strongly believe it will never work in a cryptocurrency based economy. If skycoin ever does something similar I will be out and never look back.  

byteball is a good coin man.

[BTCspace]

skycoin do need a better distribution models.

[ICOcountdown.com]

skycoin do need a better distribution models.

If you can help come up with a better distribution model that would be great. Community input is always helpful.

There is no perfect distribution model.

[stormia]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

This makes sense, but what about the poor suckers who bought SKY coins years ago?

Best distro I've seen lately is byteball, airdrop 10% every full moon onto existing holders, has incentive of compound interest that prevents dumping until all coins afe released. Moving to 100% distribution asap is definitely advisable, but using some airdrops to reward past investors and encourage new ones to hodl would get SKY into top 20 almost immediately.

Again, the byteball distribution is utter trash. It makes no sense from an economic standpoint. I don't get why people are so positive about it, probably because it benefits them personally as large bitcoin holders.

"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."

If byteball never amounts to anything, which I doubt it will, it will be because of its shitty distrbution model that incentives hording and rewards the rich and weathy simply for being rich and wealthy while fucking over those that haven't already amassed amd horded capital.

Shit, in the byteball model even if you are rich and wealthy if you aren't hording your wealth but are instead actively investing and utilizing it (which is the best thing to do, not only for the interests of oneself but also for the economy as a whole) you get fucked too. Like all the people, such as myself, that have a fair amount of wealth in cryptocurrency, but don't horde it all away as bitcoin and instead actively trade and invest with it. I get nothing from their shitty distribution because I'm actively contributing to and participating in the growth of the economy instead of sitting on and doing nothing with my money.

Oh but guess who does get rewarded? All the exchanges, projects, and services that can claim their users', investors', and customers' BTC as though it is their own.

Fuck byteball and fuck "airdrop" distribution models. Anybody with any sense of how economics works will agree that that model of distinction is utter and complete trash. It has never been a viable model in any conventional economy and I strongly believe it will never work in a cryptocurrency based economy. If skycoin ever does something similar I will be out and never look back.  

byteball is a good coin man.

What an insightful response. I never saw it that way before, but you just completely swayed my opinion with those eloquent rebuttals of the points I made.

But seriously, sure bytecoin is a good coin with good tech but its airdrop distribution model is whack and I'll never invest a penny into it for that reason. Please convince me otherwise that the economic issues I highlighted above are not a problem.

[sva_h4cky0]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

This makes sense, but what about the poor suckers who bought SKY coins years ago?

Best distro I've seen lately is byteball, airdrop 10% every full moon onto existing holders, has incentive of compound interest that prevents dumping until all coins afe released. Moving to 100% distribution asap is definitely advisable, but using some airdrops to reward past investors and encourage new ones to hodl would get SKY into top 20 almost immediately.

Again, the byteball distribution is utter trash. It makes no sense from an economic standpoint. I don't get why people are so positive about it, probably because it benefits them personally as large bitcoin holders.

"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."

If byteball never amounts to anything, which I doubt it will, it will be because of its shitty distrbution model that incentives hording and rewards the rich and weathy simply for being rich and wealthy while fucking over those that haven't already amassed amd horded capital.

Shit, in the byteball model even if you are rich and wealthy if you aren't hording your wealth but are instead actively investing and utilizing it (which is the best thing to do, not only for the interests of oneself but also for the economy as a whole) you get fucked too. Like all the people, such as myself, that have a fair amount of wealth in cryptocurrency, but don't horde it all away as bitcoin and instead actively trade and invest with it. I get nothing from their shitty distribution because I'm actively contributing to and participating in the growth of the economy instead of sitting on and doing nothing with my money.

Oh but guess who does get rewarded? All the exchanges, projects, and services that can claim their users', investors', and customers' BTC as though it is their own.

Fuck byteball and fuck "airdrop" distribution models. Anybody with any sense of how economics works will agree that that model of distinction is utter and complete trash. It has never been a viable model in any conventional economy and I strongly believe it will never work in a cryptocurrency based economy. If skycoin ever does something similar I will be out and never look back.  

byteball is a good coin man.

What an insightful response. I never saw it that way before, but you just completely swayed my opinion with those eloquent rebuttals of the points I made.

But seriously, sure bytecoin is a good coin with good tech but its airdrop distribution model is whack and I'll never invest a penny into it for that reason. Please convince me otherwise that the economic issues I highlighted above are not a problem.

to be honest i agree with you, right now whales keep holding byteball because they got interest every full moon. can you imagine when distributions is over? the only things that keep byteball can hold their values are the tech behind it, DAG looks sexy because it's different than other blockchain based crypto, however still i dont like the idea of whales own massive amount of byteball.

maybe you can think i am jealous, because i dont own alot of btc and byteball, lol  .... but come on DAG looks promising, it would be shame if distributions method seems not "fair".

i wish tony change his mind and spread the wealth to other peoples.

disclaimer: i do bought small amount of byteball, since we cant predict the future. well just in case 

p.s.: sssssshhhh there's new coin on the block doin airdrop to btc holder too 

[Scrotum]

p.s.: sssssshhhh there's new coin on the block doin airdrop to btc holder too 

Only other coin I know doing airdrops on btc is Stellar, which isn't new. Which coin bro?

[Bybox]

Look interesting I will follow this project. 

[cijulangboy]

good project..waiting launch

[stormia]

This post is for Skycoin and others interested in the success of this coin, and are my considerations of the situation.

Because All skycoins have have been created in genesis block, and becaause they were not distributed straight away.  This coin has created for itself a distribution nightmare.
To hold back coins and release when wanting to, whatever the excuses allows a situation to arise that will never, never be able to be explained away no matter how much you try.
It is not practical or reasonable to try and control the price in anyway.
The coin has to be able to carry itself to be successful.


There is only one way forward as far as I can see.
The only way forward I believe is to do an overall coin offering.
Decide on a price.
Keep a percentage for yourselves for developement and to pay what has been promised, this amount has to be know and reasonable.
Give the total supply being 100 million minus what has been sold as the coins available for the sale and whatever is not sold has to be burned into none existance.
Keeping the sale price low will ensure most if not all are sold.
Now let the free market do its thing.
I am quite sure there is no other solution to this problem this is why ethereum tokens are also done this way as its the only fair way when all coins exist from the beginning.

I would suggest a coin price of the average of the initial coin offerings.
In this way the developement team will be in the same boat as everyone else and they will still get their reward as the coin matures. I believe that this is the only fair and equatable way forward.

This makes sense, but what about the poor suckers who bought SKY coins years ago?

Best distro I've seen lately is byteball, airdrop 10% every full moon onto existing holders, has incentive of compound interest that prevents dumping until all coins afe released. Moving to 100% distribution asap is definitely advisable, but using some airdrops to reward past investors and encourage new ones to hodl would get SKY into top 20 almost immediately.

Again, the byteball distribution is utter trash. It makes no sense from an economic standpoint. I don't get why people are so positive about it, probably because it benefits them personally as large bitcoin holders.

"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."

If byteball never amounts to anything, which I doubt it will, it will be because of its shitty distrbution model that incentives hording and rewards the rich and weathy simply for being rich and wealthy while fucking over those that haven't already amassed amd horded capital.

Shit, in the byteball model even if you are rich and wealthy if you aren't hording your wealth but are instead actively investing and utilizing it (which is the best thing to do, not only for the interests of oneself but also for the economy as a whole) you get fucked too. Like all the people, such as myself, that have a fair amount of wealth in cryptocurrency, but don't horde it all away as bitcoin and instead actively trade and invest with it. I get nothing from their shitty distribution because I'm actively contributing to and participating in the growth of the economy instead of sitting on and doing nothing with my money.

Oh but guess who does get rewarded? All the exchanges, projects, and services that can claim their users', investors', and customers' BTC as though it is their own.

Fuck byteball and fuck "airdrop" distribution models. Anybody with any sense of how economics works will agree that that model of distinction is utter and complete trash. It has never been a viable model in any conventional economy and I strongly believe it will never work in a cryptocurrency based economy. If skycoin ever does something similar I will be out and never look back.  

byteball is a good coin man.

What an insightful response. I never saw it that way before, but you just completely swayed my opinion with those eloquent rebuttals of the points I made.

But seriously, sure bytecoin is a good coin with good tech but its airdrop distribution model is whack and I'll never invest a penny into it for that reason. Please convince me otherwise that the economic issues I highlighted above are not a problem.

to be honest i agree with you, right now whales keep holding byteball because they got interest every full moon. can you imagine when distributions is over? the only things that keep byteball can hold their values are the tech behind it, DAG looks sexy because it's different than other blockchain based crypto, however still i dont like the idea of whales own massive amount of byteball.

maybe you can think i am jealous, because i dont own alot of btc and byteball, lol  .... but come on DAG looks promising, it would be shame if distributions method seems not "fair".

i wish tony change his mind and spread the wealth to other peoples.

disclaimer: i do bought small amount of byteball, since we cant predict the future. well just in case 

p.s.: sssssshhhh there's new coin on the block doin airdrop to btc holder too 

What's the new one you speak of?

[stormia]

good project..waiting launch

It has already launched although most features have yet to come.

[onetwo12]

more exchanges dev?

people are waiting..

this project is so slow..