Coin hours going to good use.. Because who wants to lose their portfolio over fees
Coin hours going to good use.. Because who wants to lose their portfolio over fees
Charles Powell
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Cameron Howard
POO IN LOO PAJEET
Landon Lee
They're pretty much genius. No fees for Skycoin holders and they're issued at a constant rate.
Closest thing to a perpetual motion machine that's been devised.
Eli Ramirez
The funny thing is that even if the Pajeet ends up being successful with his cryptofraud he will still end up being poor. Even if he were to win the lottery he will never escape his situation because he will never escape his own nature.
Once he ends up having any money he will waste everything on frivolities and meaningless shit just because it is flashy or shiny. If he has a million he will never buy any tangible investments or plan for retirement. Instead he will buy every extra you can get for a Lambo even if he does not understands what it actually does. Just think of all the stupid shit those retarded Gangster Rappers purchase.
Within 6 months there will be no money left. Within another 3 months he will have to sell his Lambo to pay the bills. Within another 3 months he will be back on Jow Forums shilling the new fork of Bazingacoin.
This is the nature of every Pajeet and his children and their children for all eternity. That lower creature is forever doomed to his misery and everything he touches will fall apart to ashes and dust. He will forever dream of being rich because he is too primitive to dream of becoming white.
Jose Phillips
Lol what a waste of time bro. Go play your silly neet judge game elsewhere
Isaac Wright
Im judge doom durr de durr
Nathan Lopez
Don't you literally sleep on a mattress on the floor?
Bentley Clark
Anyway, can't wait to be using the equivalent of Etherdelta but it actually works.
Disposable coinhour generation means no fees in Skycoin but no abuse with fake transaction spam, also cuts down on fake exchange volume spam.
Jackson Myers
looks stupid as fuck. confusing. normies will laugh at this stupid convoluted shit. jesus christ
Kayden Jenkins
Doesn't matter if you think it looks stupid, it works.
>no fees
>no tx spam
>closed loop economy
>inflationary coinhours
>deflationary skycoin
This stuff is god-tier and solves so many problems.
Hudson Watson
you say it works - how has that been demonstrated game theoretically? as is it looks confusing as hell and nobody is going to understand it. people will not use this in my opinion
Adrian Morris
that image is just describing what is happening in the background. most people wouldn't understand a lot of the shit they use everyday
Nathaniel Reed
>Each transaction will burn 50% of the accumulated Coin Hours attached to the coin outputs being spent by the transaction, rounded up. This creates scarcity and limits the number of Coin Hours in circulation to an equilibrium value.
Every time a single coin changes hands, it loses at least half of its coinhours. Some are destroyed, the rest are spare change that end up in a person's wallet for spending. Pretty simple if you take a moment.
Because of this, you can't keep pushing a coin to different people without enough cooldown time to regenerate some coinhours.
Thomas Hernandez
You are overlooking so much. The team is making it possible for ease of use in so many ways. If you watched the synth interview last night he explained alot about how he is attacking that. This project is one of the only important cryptos to watch
Hudson Ross
Until it involves spending something they paid for. Which is exactly what appears to be pretty difficult to explain in layman's terms for the average consumer.
Nolan Gonzalez
hold skycoin: generate coinhours
send skycoin: burn coinhours
how hard is that to understand?
Alexander Moore
What kind of games y'all want? Poker and Chess with coinhour betting are my top picks.
Jeremiah Ortiz
>convoluted shit even work?
Diagram is simply based on how utxo works, and is relevant to transaction fee calculations for Bitcoin and any of your shitcoins.
Christopher Gonzalez
So normies will probably get a fiat "fee" approximation in the end anyway.
Nicholas Robinson
They will transfer their coinhours away to avoid burning them for a transaction.
Zachary Sanders
There is no actual "transaction fee". Coinhour burn rate is a percentage, not an actual amount.
Wyatt Rodriguez
Skycoin has to be the larpiest scam I've seen in a long time.
Buy a miner for the arbitrary sum of 1btc.
So ath 19k for what is essential a box of raspberry pi's that a high school kid could make.
You sky tards are beyond hope
Michael Thompson
Right, but coinhours themselves will have a value that you can calculate a fee off of.
Which isn't really a fee since your Skycoin are generating coinhours.
Austin Nguyen
Nah, they got a Skycoin rebate. Read before you spout fake news.
Joseph Butler
If Skycoin was a scam as you say then they wouldn't encourage DIY miners and even pay them for participating on the testnet when they are getting paid ZERO for each.
Aaron Brown
>Day 1 DIY Miner
>114 Free SKY so far
Pretty good so far for a scam
Charles Scott
>one node
>no consensus
>nothing to do with crypto
>scam corporation that runs the single node selling hardware for profit
KYS stupid faggots
Kayden Baker
Another live Synth interview today.
youtube.com
Jose Rodriguez
>I made the assumption that this is a completed project and I'm really, really mad about it.
Read the whitepaper fag, realize that this is the ground floor of a massive project.
Owen Nguyen
Thats that consensus fudder idiot. All the projects trying to innovate on consensus algos are temporarily using centralized masternodes, projects like IOTA and EOS. Skycoin does this also. Most coins just fork their code from Bitcoin and end up 51% attacked cause they cant get shit for hashpower on their network. Its a fucking joke.