[SKY] Skycoin Launch Announcement

[sirbin2000]

I just transfered (literally few ming ago) 41 SKY to my new wallet and already have 12013 SKY hours, is this normal?

How long were they on the exchange before you transferred them? I think it may be possible the coin hours accumulated on the exchange and got sent with the coins, other than that I have no idea!

[Neversettle]

Retweet everyone:

https://twitter.com/ICOcountdown/status/854532069686468609

 

I'd be surprised if Poloniex listed it with a question mark over the remaining 95% of the supply being in the dev's control regardless of the longevity and validity of the project.

Exactly, I've read everything that the dev has said in this thread recently but nothing he said really gives an excuse for this. Distribution should be a priority or the whole project just looks incompetent, the more people find out about the coin while the distribution is basically non existent, the more people will lose interest in the project simply because they have no access to the coins at a normal price, knowing that devs are holding 95% of the supply and the coin has already been in development for 3.5 years.

I love this coin, 3.5 Years of development, that is good but distribution cannot be the same, you are confusing the economy for no reason and there will always be a big question mark above this project. I have traded cryptos on this forum for about 4 years now and this is one of the worst distributions I've ever seen, putting a huge stain on its amazing tech, there is no excuse for this.

this^    +1

Doesn't Byteball raise any questions when they distribute their coins? It was on per month basis before, but now it seems they'll distribute it only as a cashback program. And it is still tradable on Bittrex though.
What about 50+ multi-million $ ERC-20 tokens, whose developers keep 50% of the tokens for themselves, or similar blockchain projects (like NEO)?

Considering Skycoin has ~6m coins (6%) at the moment and 75% are going to be distributed automatically to Skywire nodes, the team has access only to the remaining 19% of the coins, which they plan to release at OTC.

I think, this project with a 5 years old history can be already considered as legit, because no one was scammed or something.

I totally agree here. I like the automated distribution

[ICOcountdown.com]

Retweet everyone:

https://twitter.com/ICOcountdown/status/854532069686468609

 

I'd be surprised if Poloniex listed it with a question mark over the remaining 95% of the supply being in the dev's control regardless of the longevity and validity of the project.

Exactly, I've read everything that the dev has said in this thread recently but nothing he said really gives an excuse for this. Distribution should be a priority or the whole project just looks incompetent, the more people find out about the coin while the distribution is basically non existent, the more people will lose interest in the project simply because they have no access to the coins at a normal price, knowing that devs are holding 95% of the supply and the coin has already been in development for 3.5 years.

I love this coin, 3.5 Years of development, that is good but distribution cannot be the same, you are confusing the economy for no reason and there will always be a big question mark above this project. I have traded cryptos on this forum for about 4 years now and this is one of the worst distributions I've ever seen, putting a huge stain on its amazing tech, there is no excuse for this.

this^    +1

Doesn't Byteball raise any questions when they distribute their coins? It was on per month basis before, but now it seems they'll distribute it only as a cashback program. And it is still tradable on Bittrex though.
What about 50+ multi-million $ ERC-20 tokens, whose developers keep 50% of the tokens for themselves, or similar blockchain projects (like NEO)?

Considering Skycoin has ~6m coins (6%) at the moment and 75% are going to be distributed automatically to Skywire nodes, the team has access only to the remaining 19% of the coins, which they plan to release at OTC.

I think, this project with a 5 years old history can be already considered as legit, because no one was scammed or something.

I totally agree here. I like the automated distribution

Distribution methodology is an ongoing process.

With distribution models there is no best one. You have to do a hybrid distribution model. So there was crowdsale and now there will be miners. So this gives median average distribution - allowing everyone advantages in the system - meaning more equal distribution theoretically, basically meaning the distribution is not centralized.

So the theory we came to was everything should be decentralized to make a decentralized project lowering all barriers to entry.

If you look at the correlation (technically or mining hardware setup) maybe mining is too advanced for some people (higher technical barrier to entry).

Exchange involvement is a lower barrier to entry with regards to tech but a (higher financial barrier to entry).

This distribution model gives better opportunity for both sides.

There will be more distribution models in the future but these are two basic ones to increase fairness and general distribution.

The next one will probably be contribution to the network and otherwise so just running a basic node.

So you dont need tech experience just launch an .exe and you get coins for running it (pure node).

It is still a work in progress. But essentially hybridization of the distribution is the most fair approach for distribution outside general POW (proof of work).

[sarpau1]

I just transfered (literally few ming ago) 41 SKY to my new wallet and already have 12013 SKY hours, is this normal?

No, after purchasing i insta transfered them

How long were they on the exchange before you transferred them? I think it may be possible the coin hours accumulated on the exchange and got sent with the coins, other than that I have no idea!

[13Darko]

I just transfered (literally few ming ago) 41 SKY to my new wallet and already have 12013 SKY hours, is this normal?

No, after purchasing i insta transfered them

How long were they on the exchange before you transferred them? I think it may be possible the coin hours accumulated on the exchange and got sent with the coins, other than that I have no idea!

Yes, it's working like what you have described at the moment. On every transaction, coinhours are somehow splitted between the current wallet and the one you send your skycoins to (including an exchange's one).

[mushroomalert]

My official wallet, latest version not a syncing blocks

What happened?

https://i.imgur.com/4PPeS80.png
https://i.imgur.com/knvySqt.png
https://i.imgur.com/vxX9UWE.png

And what i need doing? Transactions not works

[xyzzyx]

My official wallet, latest version not a syncing blocks

What happened?

https://i.imgur.com/4PPeS80.png
https://i.imgur.com/knvySqt.png
https://i.imgur.com/vxX9UWE.png

And what i need doing? Transactions not works

Backup your wallet's .wlt files (or write down your seeds) then delete the skycoin configuration directory and all its files.  Restore your wallet from the backups or seeds.  You will download the blockchain from the beginning but it should fully sync.

[benedictonathan]

It is interesting coin to check. Just saw it today. By any chance someone know when this coin will be used for any form of digital currency that would allow one to buy and sell digital goods and services across cyberspace. I would like to check on that one. Thank you for checking with my question.

[chompyZ]

It is interesting coin to check. Just saw it today. By any chance someone know when this coin will be used for any form of digital currency that would allow one to buy and sell digital goods and services across cyberspace. I would like to check on that one. Thank you for checking with my question.

It already had both desktop and Android wallet, so consumer-side is there. 
It falls short in APIs (afaik this is in the working) so merchant/exchange side is not there yet. 
But Skycoin is not trying to be Yet Another 'digital currency'.

It has zero-fees like IOTA.
51% attack resistant.
very fast transactions - in seconds.
Programming language and immutable objects (non Turing complete; smaller attack surface).
Side-chains for dApps like QTUM
Suited for asynchronous communication (meshnet, messaging, BBS, etc)

[GTTIGER]

It is interesting coin to check. Just saw it today. By any chance someone know when this coin will be used for any form of digital currency that would allow one to buy and sell digital goods and services across cyberspace. I would like to check on that one. Thank you for checking with my question.

It already had both desktop and Android wallet, so consumer-side is there. 
It falls short in APIs (afaik this is in the working) so merchant/exchange side is not there yet. 
But Skycoin is not trying to be Yet Another 'digital currency'.

It has zero-fees like IOTA.
51% attack resistant.
very fast transactions - in seconds.
Programming language and immutable objects (non Turing complete; smaller attack surface).
Side-chains for dApps like QTUM
Suited for asynchronous communication (meshnet, messaging, BBS, etc)

Really 0 fees?
Wow, when you list it out like that it makes me want to buy more.

[ICOcountdown.com]

coinmarketcap.com is updated - thanks to the site and the great job they are doing.

Thanks very much Gliss and the team!

[omaraha]

Great project
I wish you success and progress
Thanks Dave

[chompyZ]

Really 0 fees?
Wow, when you list it out like that it makes me want to buy more.

Yes, zero-fees. nada.
If you missed this crucial detail, then you must be still observing things from a 1st-generation cryptonomics stance.

Where can I find this Android wallet?

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

Note: i was lazy and downloaded the android wallet from Google Play, but it was just to play with it.
If you intend to store skycoins on this mobile wallet, d/l and make from github.

[herome2]

I see someone in the thread is discussing Qtum and skycoin, I'm sorry, I do not understand the relationship between them, there is understanding of the truth of the predecessors?

[chompyZ]

I see someone in the thread is discussing Qtum and skycoin, I'm sorry, I do not understand the relationship between them, there is understanding of the truth of the predecessors?

No relationship between the two.

Edit: QTUM is bitcoin's code, amended to use proof-of-stake consensus, and with the Ethereum's smart contract and EVM running on top.
Skycoin is a completely newly developed codebase, with a unique self-reliant/verification consensus algorithm that has no need for miners or gatekeepers, built from the ground up in GO language (more modern and flexible than C++), running decentralized objects and smart-contract-like autonomous code on side-chains, so this data is essentially 'off-chain' and doesn't bloat the blockchain.

[Neversettle]

Retweet everyone:

https://twitter.com/ICOcountdown/status/854532069686468609

 

I'd be surprised if Poloniex listed it with a question mark over the remaining 95% of the supply being in the dev's control regardless of the longevity and validity of the project.

Exactly, I've read everything that the dev has said in this thread recently but nothing he said really gives an excuse for this. Distribution should be a priority or the whole project just looks incompetent, the more people find out about the coin while the distribution is basically non existent, the more people will lose interest in the project simply because they have no access to the coins at a normal price, knowing that devs are holding 95% of the supply and the coin has already been in development for 3.5 years.

I love this coin, 3.5 Years of development, that is good but distribution cannot be the same, you are confusing the economy for no reason and there will always be a big question mark above this project. I have traded cryptos on this forum for about 4 years now and this is one of the worst distributions I've ever seen, putting a huge stain on its amazing tech, there is no excuse for this.

this^    +1

Doesn't Byteball raise any questions when they distribute their coins? It was on per month basis before, but now it seems they'll distribute it only as a cashback program. And it is still tradable on Bittrex though.
What about 50+ multi-million $ ERC-20 tokens, whose developers keep 50% of the tokens for themselves, or similar blockchain projects (like NEO)?

Considering Skycoin has ~6m coins (6%) at the moment and 75% are going to be distributed automatically to Skywire nodes, the team has access only to the remaining 19% of the coins, which they plan to release at OTC.

I think, this project with a 5 years old history can be already considered as legit, because no one was scammed or something.

I totally agree here. I like the automated distribution

Distribution methodology is an ongoing process.

With distribution models there is no best one. You have to do a hybrid distribution model. So there was crowdsale and now there will be miners. So this gives median average distribution - allowing everyone advantages in the system - meaning more equal distribution theoretically, basically meaning the distribution is not centralized.

So the theory we came to was everything should be decentralized to make a decentralized project lowering all barriers to entry.

If you look at the correlation (technically or mining hardware setup) maybe mining is too advanced for some people (higher technical barrier to entry).

Exchange involvement is a lower barrier to entry with regards to tech but a (higher financial barrier to entry).

This distribution model gives better opportunity for both sides.

There will be more distribution models in the future but these are two basic ones to increase fairness and general distribution.

The next one will probably be contribution to the network and otherwise so just running a basic node.

So you dont need tech experience just launch an .exe and you get coins for running it (pure node).

It is still a work in progress. But essentially hybridization of the distribution is the most fair approach for distribution outside general POW (proof of work).

What is the best place to be up to date? Telegram?

[ICOcountdown.com]

Retweet everyone:

https://twitter.com/ICOcountdown/status/854532069686468609

 

I'd be surprised if Poloniex listed it with a question mark over the remaining 95% of the supply being in the dev's control regardless of the longevity and validity of the project.

Exactly, I've read everything that the dev has said in this thread recently but nothing he said really gives an excuse for this. Distribution should be a priority or the whole project just looks incompetent, the more people find out about the coin while the distribution is basically non existent, the more people will lose interest in the project simply because they have no access to the coins at a normal price, knowing that devs are holding 95% of the supply and the coin has already been in development for 3.5 years.

I love this coin, 3.5 Years of development, that is good but distribution cannot be the same, you are confusing the economy for no reason and there will always be a big question mark above this project. I have traded cryptos on this forum for about 4 years now and this is one of the worst distributions I've ever seen, putting a huge stain on its amazing tech, there is no excuse for this.

this^    +1

Doesn't Byteball raise any questions when they distribute their coins? It was on per month basis before, but now it seems they'll distribute it only as a cashback program. And it is still tradable on Bittrex though.
What about 50+ multi-million $ ERC-20 tokens, whose developers keep 50% of the tokens for themselves, or similar blockchain projects (like NEO)?

Considering Skycoin has ~6m coins (6%) at the moment and 75% are going to be distributed automatically to Skywire nodes, the team has access only to the remaining 19% of the coins, which they plan to release at OTC.

I think, this project with a 5 years old history can be already considered as legit, because no one was scammed or something.

I totally agree here. I like the automated distribution

Distribution methodology is an ongoing process.

With distribution models there is no best one. You have to do a hybrid distribution model. So there was crowdsale and now there will be miners. So this gives median average distribution - allowing everyone advantages in the system - meaning more equal distribution theoretically, basically meaning the distribution is not centralized.

So the theory we came to was everything should be decentralized to make a decentralized project lowering all barriers to entry.

If you look at the correlation (technically or mining hardware setup) maybe mining is too advanced for some people (higher technical barrier to entry).

Exchange involvement is a lower barrier to entry with regards to tech but a (higher financial barrier to entry).

This distribution model gives better opportunity for both sides.

There will be more distribution models in the future but these are two basic ones to increase fairness and general distribution.

The next one will probably be contribution to the network and otherwise so just running a basic node.

So you dont need tech experience just launch an .exe and you get coins for running it (pure node).

It is still a work in progress. But essentially hybridization of the distribution is the most fair approach for distribution outside general POW (proof of work).

What is the best place to be up to date? Telegram?

Yes you can join telegram here: https://t.me/Skycoin

Devs are always active everyone is free to join

[12inchMom]

damn i spent on this one. it was $5.12 when i checked it last week. i planned to invest at the ending of this weeks. my fucking luck all alts crash and the one coin i was interested in end ups mooning.

[hardalisas]

damn i spent on this one. it was $5.12 when i checked it last week. i planned to invest at the ending of this weeks. my fucking luck all alts crash and the one coin i was interested in end ups mooning.

So you missed the opportunity to join at a lower price?
Actually you don't need to regret. Sky is fluctuating all the time. You'll have your chance.

[mikeltxor]

This is the next Big Thing and it seems only a few have noticed. My best investment, no doubt.