This board introduced me to this project back in January and I'm grateful the tremendous faggots here at that time, so I'm here to pass on knowledge in the same way that it was passed down to me.
GPU mining is dead/dying. BTC is a 51% centralization and ETH is broken as fuck. There's other types of mining out there. Skywire is in testnet for the next few months and will release to mainnet after it's completed. You have about four months to decide if you want to short GPUs and start looking in to operating as an independent internet service provider. It's mostly single board computers and routers at this point.
Get in this thread if you want to learn more about the new censorship-free internet. Ask me whatever. Bootlicking naysayers are welcome as well since they always serve to highlight common questions, problems, and solutions through discussion.
I live in an area that a good wifi access point can reach ~50 households. Here's the logic behind how this makes money: >50 households >1 Gateway Server with CC payment ~$300 (think Boingo wifi that you see in airports) >1 Wifi Access Point ~$200 >1 Fiber Connection ~$150/mo >8 Skywire Nodes ~$ 600
ISPs here charge at least $50 for internet access. I believe I can figure out how to implement throttling and charge people $20/mo, resulting in $1,000/mo of revenue minus that fiber connection cost. (if I could get every one of my neighbors to use my service, which is unlikely, but I can make my ROI back easily with a few customers.)
Anyway, at a good clip just for using my neighborhood as an example, I'm probably in the range of $600/mo of fiat and ??? amounts of crypto to operate as an ISP in my neighborhood.
hi fren what is the purpose of the hardware they already ship?
Jose Richardson
The advantage of using Skywire is A: it's encrypted and anonymized, meaning that I don't have to deal with legal issues B: this infrastructure also forwards traffic from other nodes, so you're getting secondary income that way.
Later, as Skywire picks up adoption, I'll drop the ISP fiber connection and use >at least 2 Skywire Directional Antennas ~$1500 >payment for coinhours to buy Skywire bandwidth $??? >moving payment gateway server operations on to Skycoin's CX platform to be able to serve frontend payment HTML
I'm not certain what these costs are, but I believe they'll go down as adoption increases.
hay hay hay, it's a VPN at this point, but it will serve as a bandwidth pusher and computing platform
Kind of like a version of EOS that actually works. Nobody else is doing decentralized internet though, at least not the right way.
Aaron Perez
The neighborhood example is really simple though. With the right conditions, you can do some really interesting things:
>small business district >approach each business and tell them you can switch out their internet for something half the price >set up a basic Skyminer with an omnidirectional antenna at each business >they all talk to each other and share bandwidth >provide a fiber connection through one business and also dial in to the large Skywire network as it becomes available >have access to all surrounding neighborhoods in range as potential customers, maybe 200 households >also have access to customers and foot traffic in the area, hourly access
So maybe 10 businesses and maybe 100 monthly customers, that's $2,200 a month, plus general crypto income from other Skywire traffic.
You'll never have the up time required for any real business out there. It's a fun thought exercise but there is a reason commercial internet is 2x the cost m
Mason Ortiz
This to me is especially exciting, that's enough for the average single person to live off of and once you have all this set up, it's mostly passive income. You're really only answering to the small businesses since your internet system is housed on their property. Maybe answering a few support emails on payments processing things depending on how the payment gateway is set up.
Now imagine if you're able to get in on the ground floor to five or six of these areas in a city. It's likely enough for one person to be able to handle and you're looking at $100k+ in revenue.
That's actually a great segway into the next subject I wanted to talk about, higher tier business applications.
The more of these business district hubs I can get together, the more I can go to a larger business and say "hey, I know it's slow as fuck to send video files back and for production between different companies. You're either using MASV or physical couriers to send drives back and forth. I can do it faster with lower cost than either."
I'll actually have better uptime because of redundant between antennas and old ISP service. MPLS uses multiple paths to hold a connection.
What's the minimum amount that I have to invest with right now? How do I invest? Just buy skycoins? And what happened to the project since the kidnapping? I am interested.
Yeah I'm pretty excited about the future and the possibiliies of sky. Getting pretty sick of my internet bill. Though I'm no faggot socialist or commie, they idea of sharing something as useful of the internet makes me smile like a faggot inside. Sharing economy is the fastest growing industry out there today, so it makes sense to couple that with something as necessary as internet access.
It's too late to get whitelisted on the testnet, but buying this and plugging it in your router will have you ready to earn on mainnet and be able to use Skywire.
Sky's price is pretty volatile since the kidnapping, but if you hold Sky now you'll be accumulating coinhours which will be used to buy/sell internet access, but there's not any set information on what those rates will be. I'm still waiting on legal proceedings for the marketing team, but from what I can tell they've all been offline since the incident. Maybe they were sockpuppets but it's hard to know for sure since I can't read moonrunes.
I mean, it'll all be metered, it's the most free market solution out there compared to ISPs.
Joshua Price
Yes user, there's only one person in the world who can see through this obvious scam. It's not like the telegram and subreddit are wastelands because the mods have to ban 90% of everyone who posts there, and the only replies your shitty threads get are paid pageets
Josiah Sanchez
lel, tell me how you're supposed to build consensus for a physical node network without building the physical node network first
You seem to be very upset with Skycoin. Are you typing this from a prison in China?
Samuel Brown
What. How do you think Bitcoin started? You think Satoshi emailed a bunch of his buddies like >Hey you guys, Imma need you to buy a bunch of GPU cards, can't tell you why right now but going to be great! That's ignoring the ridiculousness of the mandatory raspberry pi network which is just hilarious in itself.
Ryan Lopez
wat? This doesn't make any sense.
John Ortiz
Hah, no, Satoshi didn't email people to buy GPUs, user. That's silly. The physical part of the node network was already built. People just had to start running the software on their computers.
The software combined with the hardware is key here, why would the team waste time supporting software for consensus on all devices before implementing it on Skyminers? You know the whole point of the value behind this coin is being backed by physical hardware, right?
Gavin Brown
You are correct that such a project would need massive network effect to launch, which is actually one of the high-level reasons that such a small disorganised team could never ever achieve it. But there's no point saying that because any user who would buy skyscam in the first place wouldn't understand that.
It's better to focus on simple, unarguable failures like no consensus algo, total absence of a record of transactions etc etc
Asher Harris
Don't worry, being unorganized isn't a bad thing. Read "Antifragile: Things That Gain from Disorder" by Taleb and you'll start to get an idea of the level of weaponized technological autism that's at work here.
My point still stands. Skywire > Obelisk is the logical evolutionary order.
>Don't worry, being unorganized isn't a bad thing LMAO! Holy shit user of course it is. Do you have any idea how much organising and planning it would take to create something on that scale!?
Nathaniel Ortiz
About as much organising and planning as it took to put a >radio in every home >tv in every home >personal computer in every home
I went to a company retreat where they gave us some interesting concepts about leadership. The first layer is someone on a horse on the ground, directing what they can see. The second layer is a person in a helicopter, able to see several men on horses, directing things, the man in the helicopter gives direction to the several horseman that he can see. The third layer is the man in a space station, able to see all the helicopters and all the horsemen acting, and is able to make choices in surveying all.
You're on a horse worrying about little details. Skycoin is the man in the space station, structuring something that will reshape the world.
>About as much organising and planning as it took to put a >radio in every home >tv in every home >personal computer in every home Lol. You're misunderstanding, user. It would be DIFFICULT for anyone. No matter how organised and well funded they were. But that's not what I'm saying. Skycoin is just two dudes, synth and steve. The few other contributions are from blatant scammers, rando fiver pageets or a non-tech "community" volunteer. For synth and steve, those two fucking unorganised bums, the aims of the project are literally impossible. I wouldn't back them to run a coffee shop, never mind the entire internet infrastructure of the world kek.
Matthew Nguyen
Hmm, that's not true though. Those guys are two top guys, but there's others ranging from occasional contributors to ones that prefer to remain anonymous. Some people of darknet renown, some corporate interests.
But now there's also teams of developers, software and hardware. Enough that they're looking at buying space for a campus.
I think the biggest thing that you forget as a person that's paid attention to this project to a deeper extent is that the Chinese side of this is bigger than the English. More people are based out of there and they can pick up fresh college grads and put them through a management gauntlent that teaches them hardware and software skills. That's where most of Brandon's overseeing skills are and how they'll continue to organize people.
Ethan Bennett
>Those guys are two top guys They're not top guys. What have they achieved? >ones that prefer to remain anonymous. Some people of darknet renown, some corporate interests All bollocks. If there were hidden forces moving intelligently in the background you would see ripples on the surface. But they sound incompetent, they act incompetent, they lie, they over promise and under deliver, there is no organisational structure, just on and on, red flags as far as the eye can see.
Ian Mitchell
>This board introduced me to this project back in January and I'm grateful HAHHAHAHAHAHAHHAHAHAH, we know why you are shilling faggot!!!
skycoin.net/blog/ if you'd like to go look through the project's blog history dating back to 2013. They've done quite a bit. I'm especially impressed with the logic behind their hardened version of coin join.
Ripples will continue to grow until you can see them. Or can no longer choose to ignore them, like I think you might be. The miners work, the testnet has been successful, they're moving forward with new announcements this month, t
Jaxson Thomas
kek, these fuckers seem pretty nuts the more I read into them. But ironically, this is exactly what we need to free ourselves from the WORLD WIDE WEB hint hint hint
user these guys are bonkers and that's absolutely why I'd be willing to throw more money at them. Let's say I got $1,000. What should I do?
Eli Walker
lol, I bought at $26, making it 15% of my portfolio from Jan to Jun and I sold at ~$30 because I predicted that it would dump naturally once getting listed on Binance.
I bought in small increments all the way down to $6 back to 10% of my portfolio, and bought at $5 to 97% of my portfolio. I have a small loss right now, but it will be made up easily.
Josiah Mitchell
>if you'd like to go look through the project's blog history dating back to 2013 I was asking what synth and steve have achieved to make you think they're "top guys". The answer is nothing. They have no successful projects to point to. In fact, any of synth's previous endeavours seem to be scrubbed from the internet. >The miners work They unequivocally do not. The VPN is open source software that doesn't use the token. They don't do any of the aims of the project. They don't contribute to consensus and they don't route packets.
Jason Bennett
thats the reason why it will fail
its scammer chinks designing all of this, thats why the skyminer has uninsulated live 240V just openly on display waiting to kill someone
Angel Garcia
In your shoes, I would research for a week before spending anything. There's a lot of info to absorb on this project.
And then read through their Medium posts. Just search Skycoin on there and it'll pull up lots of stuff. That should give you a pretty true representation of the project.
If you still want to drop some money on it after that, I would decide on a skyminer. I made pic related for ~$250. The $40 one works fine too. If you don't want that much commitment, sky is basically on sale now. $3 and it's pretty certain to recover back to previous numbers once they get some stronger announcements out.
Go listen to Synth interviews on Youtube, the guy clearly knows of what he speaks. Go lurk on Telegram, Steve clearly knows of what he speaks. There's other apparent devs on the Telegram group too.
They have resumes on Linkedin and you can easily google these questions. Whitelabel business software is not indication that nothing has been done user.
Nicholas Peterson
That's why you put Westerners in China to manage the Chinese, of which cannot be trusted, but provide valuable labor. Just as it's been for decades.
Speaking of which, gen2 miners are coming. You excited?
Jackson Gonzalez
What are you disputing? It's not "not complete" it's literally nothing. You and a friend could set up that VPN between your two laptops. It has literally nothing to do with the coin. It doesn't use skycoin. The "miners" don't do anything else.
Nolan Gonzalez
i know you're lying sky shills are technologically illiterate. Let them ravel in their ignorance while they feel like leet haxors changing the world. Reality will sink in as their shitcoin bleeds to zero and they realize their money was stolen
Michael Rodriguez
>devs can test CX >statistics collection >stress tests >free vpn
It's doing everything a testnet is supposed to be doing, user. It's working.
Jack Mitchell
You mean "revel", not "ravel".
Nathaniel Parker
>Reality will sink in as their shitcoin bleeds to zero Dude, chart-wise it's already dead. Any technical trader will tell you what happened without having to hear any "kidnapping" news. >statistics collection >Blah blah blah What statistics are they collecting? No, not what stats do you THINK they MIGHT collect. What data have they stated they're collecting? How are they collecting, storing and analysing it? How will understanding of that data affect the project? Exactly. It's all bullshit, user.
It'll determine how well nodes push data around. How easily operators maintain uptime, how the way the current internet is structured and how this will function on it. Etc, etc.
Why would they state what data they're analyzing in detail? Your skeptic skills need work user, you waste so much of your time on flawed lines of reasoning.
It's probably stored in a database user. I don't think they pay interns to stare at data feeds.
It allows them to identify problems before launch and figure out how to structure the coinhour economy.
You're like religion in reverse, lol. "I can't understand this concept or admit that I just don't have all the information so it must definitely bullshit"
Ryder Johnson
>technical traders Nigger its the best time than ever to buy right now. Money exited the market and we're in the trough, or we are close to it. No reason to fud here you dumbo.
Leo Sullivan
That whole post is you trying to come up with rationalisations on behalf of the dev. The nodes do nothing. There is no point in running a VPN on them, it doesn't use the coin. They don't contribute to consensus in any way. They don't route packets.
BTW, the bandwidth marketplace that they are claiming will distribute coins? That has INSANELY difficult balancing problems. There are billion dollar software companies that wouldn't have the dev resources to solve it. There is no way those two scammers will ever, EVER come up with a system that could solve it. Literally impossible.
Michael King
Just exploring ideas with you user. This conversation has been really productive. I'm being careful to posit ideas and claims that have just as much validity as yours.
For the operator, the nodes are free VPN. I watched Back to the Future III last night and it loaded pretty fast since I was using one of those Russian movie streaming sites. I connected to a node in Ukraine and that movie loaded twice as fast as it normally does from that site. Have you seen Back to the Future III? Some people don't like the pacing to that one, but I found the slow windup and eventual train climax to be pretty great. Anyway, it's a testnet, it's useful to be able to test connecting nodes to one another in a global meshnet. They don't need to use the coin because it's a matter of getting the tech working and then putting the metered economy on top of that, along with actual blockchain processes, including yes, consensus.
You're welcome to lay out why you think it's so difficult and I'll help clear it up for you. We're quite the team when we put our heads together ;) To start off, coinhours are intended to be pretty much disposable and should help greatly with exploring metering and demand issues.
James Davis
>You're welcome to lay out why you think it's so difficult and I'll help clear it up for you. Sure. How do they propose to stop packet spam? And no, paying for them doesnt stop it if you are paying yourself.
Easton Cruz
Skycoin is so much more than a currency clearly but people dont seem to realise that its consensus is actually one of the best in crypto Obelisk and they are even getting rid of that for something better. Prove me wrong.
Jackson Turner
I should read the whitepaper again I know, but do you know if skywires network would detect or allow throttling? Sounds like a move that ISPs have made in the past, inspiring skywire
Jace Phillips
>Prove me wrong. Ok. There isnt a single shread of evidence for any of the things you claim. The obelisk paper was withdrawn by the author from publication. There isnt even a paper for the "new greatest consensus algo that will make all others obselete". There isnt a paper, a design outline, a single line of code or even a dev working on it. There is nothing.
Charles Campbell
5% burn on coinhours paid for metered traffic.
See? I hadn't thought about that before but it makes total sense.
Not unless you're throttling through the physical hardware, like you put all the nodes through some ancient router.
There's probably some kind of traffic fairness, but I believe the general principal is that if you have coinhours to spend you can for sure spend them on some fast traffic.
Hunter Nguyen
I honestly dunno why anyone falls for the fud on Skycoin. The major one is they dont do any work. Tell me another project that is making a hardware wallet. lol back to your chink scams with you poorfags.
Ian Moore
Walk me through what problem you think that solves, and the mechanics of how it solves it. Its more bs user.
Nathan Diaz
Can't spam packets to yourself forever if your coinhour supply is burnt in doing so.
Who ever would be doing that also boosts the value of the coinhour economy by doing so. Double win.
Did you forget to add more to this scenario? It's really easy to solve.
I'm actually starting to suspect you're part of Skycoin's staff and just fucking with me, lol, why else would you keep throwing softballs over and over?
Yes you can if the value of the manipulation is more than the cost of the coins. What mechanism stops that being the case? What stops the MASSIVE collusion pressure when every node knows the geographic location of every other node? There is an endless list of these little problems, and they havent addressed any of them. Read back through the thread. Every time you moved the goalposts I went with you with no problem. Even as a shill, at what point to you think to yourself... this project has too many problems to defend.
Evan Carter
Spam is a problem for sure, but it hasn't been solved in conventional internet either. Skywire will by design solve unsophisticated or accidental spam attacks because identical packets that are cached nearby will be requested instead of having to be resent. Also direct peers of the originators of such content are able to choose to ban them. Though the data is encrypted, consequences of the attack are public knowlege, and analysis can be conducted from there to determine originators.
Camden Brown
Utter jibberjabber. Caching doesnt stop spam. In ban systems the implementation is everything. They have nothing.
Joseph Hall
You're asking questions that apply to the current internet, lol. And questions the current internet is less suited to deal with.
If operators become corrupt, other operators can choose to redirect their traffic outside of what's automated. I'm laughing imaging you sweating about some bad actor knocking on the doors of 500 node operators in a city and trying to persuade them, but in your world, having one ISP that can have its door knocked on by 500 bad actors is just how it needs to be.
Is it goalpost moving? Or are we taking a nice walk in the park? I'll let you hold my hand if it makes you feel better about having your notions challenged.
Elijah Carter
>I'm laughing imaging you sweating about some bad actor knocking on the doors of 500 node operators in a city and trying to persuade them How do you think that is unlikely? In a poor or corrupt country do you think its unlikely? Why do you think they wouldnt knock on each others doors and collude on price? Theres so many of these problems. Thats why I said it is a task they are not able for. If you think about it a wukle youll figure it out. Im done now, tell synth to not post in these threads any more his comments are super retarded lol.
Nathan Stewart
Who says they're able to determine price tho.
This is like thread #5 for us, right? Do you feel like you've won any of them?
Parker Sullivan
A+ shill thread, user. Very informative. May have to pick some up after doing more research. The price does seem right.
Kevin Ward
Thanks breh. Sharing as you learn is caring.
Jayden Rivera
Ooh, I actually missed this exchange earlier. Excellent point user. I totally forgot about caching.
Fudanon is completely wrong that this wouldn't stop spam packets, one of the main tenants of this system is that if you get a cat picture and send it across the world, that cat picture is going to be saved on various skyminers depending on how popular of a file it is.
