OMG $0.03 / Skycoin at IPO ? AT IPO ?
5000 BTC is for dev, for buy ferrari and castle in France.
1. Skycoin community members will get free coins, but we are not announcing mechanism yet to prevent cheating.
2. The initial IPO is $30k or 50 Bitcoin, valuing Skycoin at 3 million.
3. Most of the 0.1% per day of new coins will go to community members and people making contributions on project.
Also:
1> Developers working on altcoin projects such as Ethereum are being offered $15,000 a month, 300 BTC at launch and then single digit percentage of new coins. Skycoin has teams in place and is not competing on greed basis for developers.
2> A company launching a new brand of Tequora spends 60 million dollars in marketing to reach mainstream and build brand awareness, for a single territory. To reach Litecoin level acceptance, a new coin needs a 200 million dollar marketing budget or has to be extremely compelling and appealing to a particular niche who will readily adapt the coin. No coin to date has reached widespread mainstream acceptance.
---
Skycoin is not a speculative coin. Skycoin is an infrastructure component in OP Darknet Plan and OP Redecentralize.
See:
http://www.reddit.com/r/darknetplanhttps://github.com/redecentralize/alternative-internetOP Darknet Plan and OP Redecentralize are global social movements consisting of multiple darknet factions and globally distributed informally organized groups with a membership consisting of hundreds of developers and nearing a hundred thousand supporters across the globe. OP Darknet Plan was organized in response to SIPA, SOPA, PIPA, internet censorship and revelations of internet mass surveillance.
Skycoin can be used for peer to peer payments like Bitcoin, but is currently primarily the base credit unit and transaction layer for implementation of several proof-of-bandwidth and distributed service protocols currently under development.
---
One of the applications under development is the Skycoin darknet routing protocol. The Skycoin routing node enables "link aggregation" across multiple computers which are connected by wifi. If you have a 10 Mb/s internet connection and you have fifteen neighbors with 10 Mb/s internet connections who are running a nodes, the router node can aggregate the wifi connections into a 160 Mb/s connection.
- Peers receive SKY for providing bandwidth and transport to the network and users spend SKY to consume network resources.
- Skycoin is designed with native support for off-blockchain transactions for low overhead bandwidth micro payments.
- The nodes relaying traffic are unable to determine the full network path of the traffic (onion routing)
- The nodes relaying traffic cannot see the the contents of the traffic (end-to-end encryption and link encryption).
- the router runs on $40 Rasberry pi hardware
- Skycoin routers can connect at 1 Gb/s over 15 km using 24 Ghz Ubiquity hardware
- software defined radio devices running on FPGAs are in development
Skycoin is an attack on ISPs and wireless companies in the same way that Bitcoin is an attack on the banks. One of the long term goals of the Skycoin project to create the financial incentive and software infrastructure required for community ISPs. The Skycoin project is attempting to create the financial incentives to deploy open access community mesh networks that span the last mile between homes and fiber.
The routing protocol will be on github within two months and the coin will be launched within a week.
