[SKY] Skycoin Launch Announcement

[Snail2]

I'm happy to see the progress.

[1714123180]

1714123180

[1714123180]

1714123180

[kdrop22]

Innovative coin.

Potential investors would like to know further details on:
a) Total number of coin
b) Percentage held by developers/founders
c) Initial pricing/distribution of coin

[MsCollec]

Is the any way we can sign up for email updates on this project.

[skycoin]

The first Skycoin transaction executed today. Public builds will be ready within week.

run "go run wallet.go" to start wallet.

[MsCollec]

Awesome  
looking forward to the launch

[Sanglotslongs]

Only for linux for the moment ?

[FrictionlessCoin]

The first Skycoin transaction executed today. Public builds will be ready within week.

run "go run wallet.go" to start wallet.

Is that a web client?

You spelled 'receive' wrong.

The input field for amount is too short.

[standardcrypto]

In the OP

"We will not do a Nxt or Mastercoin style IPO because we believe they are unfair and discourages new users."

I think you might want to reconsider. Nxt/Mastercoin exodus IPOs went very well, and by and large the coins have done okay. As long as the IPO date has a long enough lead time (3 months seems more than reasonable) and is well publicized, it's not unfair. As has to happen with cryptocoins, old money gets shaken out on price lulls and when things aren't going well, and then new money gets its shot.

The point is to raise enough funds so that developers can focus their energies full time on making the coin a success.

One concern with an exodus style IPO is anonymity of whoever owns the exodus address. With mastercoin, the founder was a well known public person. I'm not sure the case with nxtcoin, but I think there was some preexisting reputation. Skycoin seems to be more of a blank slate, albeit with some github repos.

The desire seems to be to challenge bitcoin on its own turf by moving fast; and a generous policy for developer bounties plays a key role here.

I think either the skycoin founders should reveal their identities, or we need trustees.

This is bitcoin however, so we can be creative with trusts.

A multisig exodus with some m of the key holders keeping the main founders honest might be a way to protect against scams in this case, while still protecting founder anonymity. This could be enhanced with voting and multiple stages.

Assume an m of n board of trustees, with the trustees public trusted figures in bitcoin. The trustees only ratify votes, and have no policy role other than controlling disbursement according to a transparent policy that is fixed before the exodus. Voting would be done by proof of ownership of exodus keys, with weighting by percent of ownership. There could also be more than one exodus round.

A simple rule for voting would be that there will be no-confidence votes at regular intervals for 24 months. Any no confidence vote would return all undispursed funds to investors. Otherwise, there is partial disbursement to an address that is controlled fully by founder team (with no m of n trust).

Time 0: Rules for the exodus, voting.
wait a while for word of the exodus to spread.
Time 1: First exodus, 50% of coin sold. 5% disbursed to founders for bounty fund
Time 2: First no confidence vote. (Recurs regularly on some schedule)
Time 3: Second exodus, 25% of coins sold.
...
regular 5% disbursals to founders)
Time n: All coins sold, all funds disbursed to founders for bounty fund.

If at any time investors are dis-satisfied with progress, or disagree with how bounties are being distributed, a no confidence vote happens and btc goes back to investors.

Seems fair enough to me, and founders can stay anonymous.

[skycoin]

The first Skycoin transaction executed today. Public builds will be ready within week.

run "go run wallet.go" to start wallet.

Is that a web client?

You spelled 'receive' wrong.

The input field for amount is too short.

Pull repo, fix typo and then put in a push request.

The Skycoin client is an HTML6 application. It runs a web server and webkit rendering in an application window. So its HTML, but without a remote server.

[Broncosoozie]

I like the use of Go and Angularjs, but I'm concerned about the lack of tests, given that this is a completely new client being written from scratch.  Are they just not committed at this point or are they being written as an afterthought?

[FrictionlessCoin]

I like the use of Go and Angularjs, but I'm concerned about the lack of tests, given that this is a completely new client being written from scratch.  Are they just not committed at this point or are they being written as an afterthought?

That's interesting.  I also like the combination of technologies,  Go and AngularJS.  Looking forward to this.  Is the source out?

[Broncosoozie]

I like the use of Go and Angularjs, but I'm concerned about the lack of tests, given that this is a completely new client being written from scratch.  Are they just not committed at this point or are they being written as an afterthought?

That's interesting.  I also like the combination of technologies,  Go and AngularJS.  Looking forward to this.  Is the source out?

I'm only going based off of what I can see at https://github.com/skycoin/skycoin so there may be more in a private repo or something somewhere, hence my question

[tk808]

The first Skycoin transaction executed today. Public builds will be ready within week.

run "go run wallet.go" to start wallet.

Is that a web client?

You spelled 'receive' wrong.

The input field for amount is too short.

Pull repo, fix typo and then put in a push request.

The Skycoin client is an HTML6 application. It runs a web server and webkit rendering in an application window. So its HTML, but without a remote server.

Looking great Skycoin. I like all the updates and transparency! Glad to be a follower from the start

[Jaguar0625]

I noticed this in the OP:

Code:

All Skycoin components are in Golang and C. 

But, I didn't notice any C code on GitHub. Did I overlook it, or is this a typo?

[psybits]

Looking forward to the public builds of the wallet

I'm interested to know how SKY will be distributed at launch - if the IPO model is not going to be used.

[moonbat]

Looks interesting and different - will be following this.

[jimhsu]

Got it up and running, but some links don't work and I don't have a receive tab. I'm assuming because a public version isn't available yet?

[nightengale]

Is there a timeline on SkyCoin?

[skycoin]

- We are translating the wallet into Chinese.
- Wallet team is working on the JSON RPC
- 1 millionth of a Skycoin is called a "Drop" or "Droplet". Skycoins are divisible to 6 decimal places
- Wallet can load/unload multiple wallets independently
- receive tab has been removed from wallet to improve usability
- chat tab added to connect to the Skycoin IRC channel from the wallet
- team is working on cryptographically secure messaging between wallets using Skycoin addresses. Skycoin addresses can act as email addresses and can send and receive messages securely. Working on "Identity Address" and "Wallet Address" RPCs.

[2bfree]

I'm interested how to I sign up for testing so I can earn some of the initial coin and what other options do I have to get more of the coin when it comes out? I'm not clear on the process and options. Thanks.