Skycoin AMA

We have actually moved on from Obelisk and are currently working on another consensus algorithm, it's coming along nicely.

Funding + distribution of Skycoin. If you buy a official Skyminer you get X amount of Skycoin depending on the current price. So the official Skyminer might be worth 0.1 btc and then you get 0.9 btc in Skycoin.

The way we are distributing Skycoins to people is by incentivizing the network growth of Skywire, so anyone who buys or builds a skyminer will be able to collect Skycoins.
Holding Skycoin gives you CoinHours which will have value later on on the Skywire network and in different applications, so therefore there is both an incentive to help the network grow and to hold skycoin as you will generate a second curreny akin to NEO with GAS.

So the slow distribution method together with the "GAS" like CoinHours we should not see a crash because of the distribution of Skycoins.

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Why are all nodes exit nodes? Why add bnb support instead of fixing issues first?

Why did Chen, the guy who wrote "your" consensus whitepaper, dump all his Skycoin?
Why did he withdraw the paper from publication?
Why did you abandon that consensus model after the paper was withdrawn, despite synth's insistence that it was withdrawn because of political motivations and a "minor" error?
How do you have a 7 year old project that is supposed to be a better bitcoin that doesn't have *any* consensus code? How is that acceptable? How do you think it's fine to ignore the hardest part of crypto?
7 years. No consensus. Lol.

Big lol actually.

When will coin hours be tradable?
Why would people use skywire instead of regular internet ISP? What do you anticipate the costs savings will be?

Forget that shit it's not important. The bottom line is no consensus, no blockchain. No anything.

At the moment all the nodes have to be exit nodes, if there are no exit nodes then how would we make the network work? We don't want 1-2 nodes spammed by everyone else. Also if you want to recieve skycoin now for contributing to the network you have to run a exit node.

Where have you read that Chen dumped his Skycoins?

I am not aware of this, the paper is still publicized and stored at the university.

storage.cs.tsinghua.edu.cn/~jiwu-shu/papers/sky an opinion dynamics framework and model for consensus over p2p network.pdf

It was also publicised in this book

books.google.se/books?id=YfnuCgAAQBAJ&pg=PA517&lpg=PA517&dq=sky an opinion dynamics framework and model for consensus over p2p network&source=bl&ots=CHr38QfQPa&sig=s-VgcazoqYiONWPrs9u7Ejj0O9o&hl=sv&sa=X&ved=2ahUKEwiXhOve--LcAhWqxKYKHR9FDXAQ6AEwBXoECAUQAQ#v=onepage&q=sky an opinion dynamics framework and model for consensus over p2p network&f=false

Obelisk is not abandonded, it's being reworked and is going to be rebranded.

Technology is not built in a year, bitcoin was probably built over 5+ years before it was released. And as you can see, bitcoin does not work as a p2p currency today even though it has been released for what? 9 years now? Hmm shouldn't they have fixed the problems? They have had 9 years without taking the time prior to release in consideration and it still is not able to be a global currency.

We are not going to release obelisk or what we name it until we have tested it extensively and made sure that it can do what it is supposed to do.

>Where have you read that Chen dumped his Skycoins?
He dumped them, they're gone. If not post a link to his wallet. That is one of the things that a working crypto allows you to do, btw.
>the paper is still publicized
The paper has been withdrawn from publication.
>We are not going to release obelisk or what we name it until we have tested it
None of it is written, not even started. No dev is working on it. No? Who is working on it? At what stage of the process are they at now? Obelisk was a whitepaper and even that is gone now. There is no consensus algo and there never will be.

synth talks a lot about how old the project is and how long it would take others to catch up but nothing Skycoin has publicly released showcases something worthy of 7 years development. Sure Skycoin is running on its own blockchain, but without decentralized consensus implemented it doesn't even qualify as a cryptocurrency yet. Skywire is the other bit of software that has had diagrams sent out years ago but the public skywire repo has none of the important things implemented that it would take to actually operate a mesh network.

When are we going to see a release of something actually innovative instead of just ideas and talk?

Should I sell my sky for more chain link?

We’re currently working on the ecosystem for coinhours where you'll be able to spend sky/ch to pay for services, but at this moment we don’t have any specific deadline.

Several reasons!
It's fast, no throttling from ISPs
It's private, no ISPs tracking you and selling information about your browsing habits
It's secure, it's cheap, it's great!

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>Sure Skycoin is running on its own blockchain
Nope. Where is the blockchain? Where can you download the full chain? Nowhere. It doesn't exist. It is an SQL server in an office in china.

shiiiiiiiiet, KEK

you download the blockchain when you use the wallet. Making a blockchain isn't hard, here's the explorer.

I'm complaining that it's not decentralized yet.

forgot to reformat URL
explorer.skycoin dot net /app/blocks/1

>you download the blockchain when you use the wallet
No you don't. If you did, you would be able to answer things like "how many GB of storage does the full blockchain take up?".

The current blockchain size is ~0.011 GB

>The current blockchain size is ~0.011 GB
Lmao. A project that has been running for 7 years has a blockchain 0.0011GB in size. Do you know how ridiculous that sounds?

I'm complaining about the project too and you choose to attack the one thing they actually have code for

You can't just say that "he dumped them, they are gone" and expect me to believe it. Where have you read that?

Yes it's one of the things a crypto allows you to do if you know his wallet address, I do not.
If you do, since you seem know more about him than I do, then search for it here.

explorer.skycoin.net/app/blocks/1

As I said, I am not aware of this and you can still read the whitepaper which I linked earlier. Why does it matter if it was withdrawn or not?

"None of it is written" Just.. Stop.
We are not going to go public with the consensus algorithm so that someone else can steal it, you do understand that companies do not release their software/hardware until it's ready right? It will be released when it's ready, the whitepaper is still able to be read.

I appreciate the opportunity.
1.) has Binance verified the partnership/strategic cooperation agreement that was announced one-sidedly by Skycoin one and a half month ago?
2.) is Chen involved in reworking Obelisk?
3.) were any technical documentation of the project obtained by the rogue chinese marketing team during the home invasion/kidnapping incident? is the team aware of the existence of SON, a chinese copycat shitcoin: skynet.co?

In about 2-3 months we should probably be ready to release a lot of information regarding our consensus algorithm.

They don't have a blockchain. Where is it? Where can I download it? There is no data in the wallet download like that.
The bitcoin blockchain is more than 170GB. There is no physical way that a crypto blockchain dating back several years, with multiple ICOs, (supposedly) users, wallets, etc has a blockchain of ~0.011 GB.

>we should probably be ready to release a lot of information regarding our consensus algorithm.
Information such as how many devs are working on it? What are their qualifications to tackle very difficult mathematical problems? How many hours have they spent working on it already?

1. No, it's up to them when to do it. Our announcement was actually caused by miscommunication.
2. Not really, the reworking of obelisk does still use parts of obelisk so Chen's old work is still used however he is not actively working on it.
3. Not that I know of. And I am also unaware of SON, we are not really worried about other projects.

Why is the platform tool called Skycoin Fiber instead of Skyfiber? "Solar Bankers is a Skycoin Fiber Coin" sounds dumb. Also what is skyfi? They seem to be attending the blockchance conference

Thank you!

No. Skycoin will not release any information regarding it's employees, that is entirely up to the employees themselves.

> the reworking of obelisk
There is no reworking of obelisk. There is no work on a consensus algo.
Why not? No one is asking for their phone numbers.
I am stating that there is no work being done on a consensus algo. Which, by the way, one would expect to have been done at some point in the last 7 years. Ideally before the second ICO that you ran lol

I have not named it so unfortunately I cannot answer that. But I agree that Skyfiber sounds better.

I don't know if I am allowed to share anything about SkyFi but let's just say that the conference is holding something nice in store for Europe.

It is being reworked, you do not have to believe me. I am not here to "shill skycoin" I am simply here to answer questions. When it is developed it will be released, just be patient.

Because part of the contract is that NO information whatsoever may be released regarding the employees at Skycoin.

It's not a case of belief, it's a case of fact. There is no work being done on a consensus algo. There never will be.
It is an extremely difficult task, and the skycoin team, (who in 7 years of operation, have not delivered anything that could not be done by a junior dev in a few weeks) have at no point demonstrated the kind of competency they would need.
Chen is gone, his coins are dumped. Steve is tech-support tier. Who is doing this state of the art mathematical research?

Why is SUDO not fired. The guy is a faggot.

And yes im 99% sure this thread is started by him topkek.

>im 99% sure this thread is started by him
OP isn't sudo unless he suddenly decided to stop typing like a retard for some reason lol.
I can make a good guess who exactly OP is, but that's not important, so I won't :)

>no blockchain
>a case of fact
The fact is that you have no understanding of the technology. This is the first time anyone has been stupid enough to claim there is no blockchain when there is a wallet that downloads it, and an explorer. You even claim Skycoin mainnet has been active for 7 years, you sound like a noob. Skycoin is at blockheight 50k, the date of the start of mainnet does not necessarily coincide with the start of work on the project, and block generation rate is not necessarily constant. Not even on a POW coin because you have to have a difficulty adjustment to enforce block generation rate. All you are in here doing is speculating about Houwu Chen, making ad hominem attacks against the Skycoin team, and making wild claims about total lack of progress on the consensus algorithm while it is clear for all to see that Skycoin is among the top coins in terms of development and activity. Both Synth and Steve are amazing developers, but Skycoin has funding on par with the top projects in crypto, they are continuing to expand their development team, there is alot of interest in the project shown on Github. Why don't you let us know what your agenda is? What shitcoin or outdated business model do you support that feels so threatened by Skycoin?

I'm not speculating anything, Chen has no involvement with skycoin. He has dumped his coins and is gone. Evidence otherwise would be easy to provide.
>Why don't you let us know what your agenda is?
I will.

>not speculating
Yes, Chen has left the team. What he has done with his own coins is his own business and you are speculating about that. Or you should post blockchain analysis using the explorer. I don't muchly care about your agenda, but you are going to need to expose it to improve your credibility because right now you aren't looking too hot.

This is not an official team member this is just some random who made this thread

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Attached: TG2 cropped.png (520x111, 19K)

>pic related
So. One little vagina in the Skycoin community had a breakdown over the price action and began to doubt the project? No idea why Sudo even wastes his time talking about it, desu. How about you explain your previous arguments, are you really this ignorant about the technology or have you just been making all these claims hoping your audience is retarded?

>have you just been making all these claims hoping your audience is retarded?
Haha no, but you guys would be the experts on that :)
I am only saying things that are true and verifiable.

Then get to work verifying it. I already laid it out for you. You said alot of fucking shit, good luck.

I just don't want more people to get scammed. I think that's reasonable.

>What they all say.

I'm just trying to counter all this shilling.
I see a lot of false claims about skycoin on Jow Forums, I'll continue to tell people the truth. It's a dangerous scam.
Look at the chart.
Even, look at the chart right now...

Why are you associating yourself with a latvian basket weaving forum?
Also explain pic related

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>no blockchain
>a case of fact
>countering false claims
>muh chart

>7 years old
>No consensus algo
>Devs dumping on tg mods

Come on guys, keep it coming!

Jow Forums is the most vulnerable place in our crypto ecosystem to scams and pump and dump ponzis.

This is because they allow disreputable posters, scammers to actually post in their forums.

You also get rampant racism, misogyny, and conspiracy.

Right now the Skycoin team is in here trying to sell their Skycoin scam project to unsophisticated investors.

Some of these investors may even be under the age of 18 years old.

Keep eporting this scam to the SEC also!

It needs to be DELISTED, DELETED, and CRIMINALIZED!

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Why is Brandon such a totally schizoid lunatic?
Why do you trust him after his pattern of eccentric and bizarre behavior?

There is no substance here, simply an ad hominem attack against the devs. You suggest that there is no work being done on Obelisk. You claim that the devs are sabotaging their own project by dumping. All the while you can see with your very eyes all the work being done on the project. Constant updates and releases. This is all some elaborate conspiracy to you. Well then you need to do some blockchain analysis and prove who is doing the dumping, cause it looks to me like its just a bunch of loser chinks and bottom sellers. You included.

I'm not suggesting, I'm stating. There is no work being done on a new consensus algo. To prove a negative is impossible, to provide evidence of the positive would be trivial.
They can't even come up with a number for the amount of devs working on it! That's just lazy scamming.

>so concerned about investor welfare
>buy high sell low
>not suggesting, stating, unironically
So make your inquiry through the appropriate channels. This is a dog-eat-dog industry and Skycoin will not reveal sensitive information if it could increase risk of another project rushing to market, prematurely, with its technology. I am sitting here answering each of your accusations directly. You are the one being avoidant.

What inquiry? I'm am making statements, not inquiries. Statements like the fact that there is no work being done on the consensus algo.
You're welcome to post counterevidence if you like.
I can wait :)

You're welcome to post your evidence as well...

I have around 10 raspbbery pi3 and 30-40 VPSes mining different coins, ive heared I can use them (RP) to make a sky coin node?

My evidence of no consensus algo?
What do you want me to post, a blank file named skycoinconsensusalgo?

Why does it take months to get a diy miner whitelisted?

No just your penis, then show us those dirty shoeless feet also

Because they do them "by hand". Not using a spreadsheet or anything, just out of someone's email inbox. Sounds professional, right?
There is no waiting list available anywhere, if you want to find out where you are in "the list" you have to message a tg mod lmao. There isn't even a confirmation email. But feel free to send synth 1BTC, he seems trustworthy...
Lol those guys. Probably another scam, but IDK. Scamcoins are so sophisticated these days ;)

Post your timestamped sharpie in the pooper also.