51trillion
Jr. Member
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Activity: 56
Merit: 10
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December 27, 2013, 01:49:08 PM |
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How are the coins generated??
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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FrictionlessCoin
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Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
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December 27, 2013, 02:58:45 PM |
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" nodes publish both their decisions and the data needed to reconstruct the decisions"
Could you provide more detail on this?
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FreePls
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December 27, 2013, 03:01:22 PM |
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How are the coins generated??
by meditating infront of you computer lol i misread with masturbating that would be a insane coin  |
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Skydvr823
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Activity: 30
Merit: 0
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December 27, 2013, 04:39:47 PM |
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I think that solution have been already developed. Make a normal coin on sha256 or scrypt and let people mine coins, then you shall assign number of coins in the old coin blockchain to the number of coins in skycoin genesis block. This should be more fair than creating another scam like ripple or nxt. I think you can do method of generating priv addresses the same as in the old coin. So what you'll have to do is just type in your priv key in skycoin client.
Problems with mining - in CPU coins, all coins go to people with botnets - in GPU coins, all coins go to people with GPU farms - in SHA256 coins, all coins go to people with ASICs - mining gives all new coins to a small cartel of already wealthy miners - most miners are invested in coins for the short term and not really part of the community The vast majority of mined coins today are extremely well organized pump and dumps. THIS IS A SCAM. I WANT FREE COINS.I wont address criticisms by two week old socket puppet accounts which are pumping Catcoin. Anyone can read the Skycoin source code and determine if Skycoin is a scam.The exciting thing is not where the coin is today, but what it will be. How are the coins generated, and how will people be able to get them??? |
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sighle
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Activity: 70
Merit: 10
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December 27, 2013, 06:04:41 PM |
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I think that solution have been already developed. Make a normal coin on sha256 or scrypt and let people mine coins, then you shall assign number of coins in the old coin blockchain to the number of coins in skycoin genesis block. This should be more fair than creating another scam like ripple or nxt. I think you can do method of generating priv addresses the same as in the old coin. So what you'll have to do is just type in your priv key in skycoin client.
Problems with mining - in CPU coins, all coins go to people with botnets - in GPU coins, all coins go to people with GPU farms - in SHA256 coins, all coins go to people with ASICs - mining gives all new coins to a small cartel of already wealthy miners - most miners are invested in coins for the short term and not really part of the community The vast majority of mined coins today are extremely well organized pump and dumps. THIS IS A SCAM. I WANT FREE COINS.I wont address criticisms by two week old socket puppet accounts which are pumping Catcoin. Anyone can read the Skycoin source code and determine if Skycoin is a scam.The exciting thing is not where the coin is today, but what it will be. How are the coins generated, and how will people be able to get them??? The developer will "release" the coin while he owns 100% of them. The only way to obtain it is to buy it from the developer(or someone who has already bought it from the developer). This just takes "pump and dump" to the next level. Create a coin, hype it up, sell tiny amounts in hopes that the price goes up, then dump the lot and have an early retirement. Scamcoin, just ignore it and it will go away. |
[DOGE]: D6EBXikfCaPqcEJULsR2qzrLWyGBdYEwGv
[LTC]: LbPrmVGKnVhn6G8FFGFdthPyP1tjFucZHu
BTC: 1JpJ4tTM2ZCCLQf1jAnTmQbKMq7LGbrmQG
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markm
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Activity: 2940
Merit: 1090
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December 27, 2013, 06:11:41 PM |
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So just like Ripple, Mastercoin, NXT and VISAcoin, in other words?
-MarkM-
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Eliavres
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Activity: 58
Merit: 10
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December 27, 2013, 06:22:40 PM |
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Apparently yes, unfortunately. Also the dev appears to be a brony.
Oh well, move along people..
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nocoin
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December 28, 2013, 05:26:00 PM |
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No whitepaper? F-ck off.
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wizzardTim
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Activity: 1708
Merit: 1000
Reality is stranger than fiction
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December 28, 2013, 05:53:04 PM |
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Skycoin and Visacoin will become better and wih higher price than nxt
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Behold the Tangle Mysteries! Dare to know It's truth.
- Excerpt from the IOTA Sacred Texts Vol. I
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instacalm
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December 28, 2013, 05:56:27 PM |
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Looking forward to SKY.
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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December 29, 2013, 08:13:05 PM |
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I'm keeping an eye on this coin.
im all about 2nd gen crypto atm, keep us updated!
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4w4k3ning
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December 29, 2013, 11:35:43 PM |
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were i can download the wallet?  |
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lwilliams777
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Activity: 10
Merit: 0
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December 30, 2013, 03:00:09 AM |
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That's a really cool logo concept. Impressive.
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MsCollec
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Activity: 1400
Merit: 1000
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December 30, 2013, 03:01:38 AM |
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Logo Concept  The blue background looks good |
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spud3861
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December 30, 2013, 03:06:52 AM |
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Yes, clever logo. Looking forward to getting some Skycoin.
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TB2YQ4-H73NTI-V3UVRT-WFAJXR-BUSECT-XE4A4L-27FY
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tk808
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Activity: 1512
Merit: 1124
Invest in your knowledge
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December 30, 2013, 03:09:10 AM |
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So just like Ripple, Mastercoin, NXT and VISAcoin, in other words?
-MarkM-
This is the future of crypto currencies |
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Exocyst
Sr. Member
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Activity: 266
Merit: 250
Science!
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December 30, 2013, 03:53:42 AM |
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A lot of people are hating on SkyCoin unnecessarily for the coin release mechanism, or rather, the lack thereof, but ultimately that is short-sighted. The project is open source therefore, if you don't like the system, fork it and make it better. Honestly, I would like to see a fair coin-release that followed the exodus addresss concept MasterCoin implemented. Skycoin offers one possible improvement—No devopment skycoin's should be created without a vote by skcoin stakeholders. The developers would have to live off the bitcoin raised in the exodus address or bring their projects to vote for additional skycoins. I strongly suggest such a mechanism is seriously considered and personally would not even consider using a system where the developers hold all / most of the coins (like Ripple) and release them to exchanges or partners
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jimhsu
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December 30, 2013, 03:55:59 AM |
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A lot of people are hating on SkyCoin unnecessarily for the coin release mechanism, or rather, the lack thereof, but ultimately that is short-sighted. The project is open source therefore, if you don't like the system, fork it and make it better. Honestly, I would like to see a fair coin-release that followed the exodus addresss concept MasterCoin implemented. Skycoin offers one possible improvement—No devopment skycoin's should be created without a vote by skcoin stakeholders. The developers would have to live off the bitcoin raised in the exodus address or bring their projects to vote for additional skycoins. I strongly suggest such a mechanism is seriously considered and personally would not even consider using a system where the developers hold all / most of the coins (like Ripple) and release them to exchanges or partners
If that is true, then I will most definitely consider an investment. This also indirectly addresses the Nxt/Ripple "problem". |
Dans les champs de l'observation le hasard ne favorise que les esprits préparé
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giveBTCpls
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December 31, 2013, 04:35:46 PM |
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OP, you claim this is the first non POW coin but this is not true, NXT is and eMunie is very similar to this coin and has been anounced for a while now. So whats the deal?
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Broncosoozie
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Activity: 39
Merit: 0
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December 31, 2013, 08:24:54 PM |
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This looks pretty interesting. I'd like to see how well re-writing everything from scratch in C/Golang holds up.
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