Prepare to reach the moon, Skyfleet. Synth delivers.
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> Fellow Binancians,
>Binance will open trading for SKY/BNB, SKY/BTC and SKY/ETH trading pairs at 2018/05/24 09:00 AM (UTC).
>Users can now start depositing SKY in preparation for trading.
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Fuck Binance. Insider trading chinks. Fundzu safu, my ass
We're mooning guys. Just hit ATH in sats. This is literally going to triple over the next few days.
Fuckign delusional as fuck. Skycoin is going to 3x over next few days in bear market? lmao anons are loosing it
SKY is pretty much untethered from BTC. It hasn't really correlated with BTC at all recently.
Because the chinks were loading up, you stupid fuck. Jesus Christ, why am i here
You sound salty bro.
You sound incompetent
That's a qt mascot desu.
Fuck me this board is unreal. Eternal bagholders.
There is nothing that is going to Pump without massive dumping in this fucking bear period of a shitty market. but its fine let these neets buy and sell 3x in couple of days lmao
KEK, I'm sitting on a nice pile of SKY keeping my portfolio in the green while everything else is bleeding.
Don't tell me you bought Lolochain user?
Except SKY price has been suppressed for ages due to it only being on one shitty exchange that nobody uses. Now we'll discover the true value of SKY. Remember, this is the coin that is going to dethrone Bitcoin eventually. It will literally keep mooning for days now, then have a little dip, then head into top 10 on CMC next month. It's already gone from rank 200 to 60 in the past few weeks.
No, I own real coins like ETH. Not pump n dump bullshit like "sky". Lemme give you a tip: transfer your little coins to Binance as soon as possible and dump when trading starts. Do not hold.
Sure user sure. it is going to moon for days without stopping. lul
>It's already gone from rank 200 to 60 in the past few weeks.
that was the insider trading for this listing
Do not tell anons. let them hodl this one out
KEK, ETH grinds to a halt with more than 30TPS, it was killed by a cat game. What real business would ever use a platform like that. ETH will fade away over the next year as SKY and EOS dominate.
Omg.....I literally have no words for this statement.
skycoin is a shitcoin
The History of Skycoin
Bitcoin’s consensus algorithm: Through PoW, miners competed to add the next set of transactions, or block, in the chain of blocks by racing to solve a difficult cryptographic puzzle. The first miner to a solution received a reward and transaction fee. Whereas many lauded and profited from this system of proof, the auditing team could only see red flags. Bitcoin’s enormous computational energy requirement centralized the majority of mining to areas of the world where electricity was cheap.
One group in particular grew out of northern Ukraine and formed an entire Bitcoin industry—equipped with mining pools, hardware, and exchanges—that gave way to GHash.io, a mining pool that would come to control over 60% of total mining power (Noble, 2014). This is only one instance. The current state of “decentralization”—three major mining pools all based in China (“10 Best and Biggest Bitcoin Mining Pools”, 2017) and a single producer of Asic mining hardware—was not Satoshi Nakamoto’s intention.
As the Skycoin team began their earliest work researching ways to resolve the PoW algorithm, another conflict over centralization heightened—the fight for net neutrality. Internet Service Providers (ISPs) controlled the Internet’s physical architecture and could restrict quality of service for network users based on variable or tiered pricing. In addition, ISPs had the power to exploit customers by selling their information to third parties (e.g. location, browsing history, contents of unencrypted messages, etc.). This remains true even today.
Net neutrality and PoW are outwardly two different issues, but Skycoin’s team saw the same fundamental flaw: a system prone to centralization. The research and development for Skycoin would eventually lead to critical foundations for Skywire, a truly decentralized mesh-Internet that frees users from ISP dependence.
Fuck its not supposed to happen yet i needed another month
Today’s Skycoin Project has deployed multiple innovations (e.g. Skycoin, Skywire, Fiber, etc) under the hands of 15 development teams worldwide. While still growing, 2018 is the year Skycoin intends to make its formal introduction to the public.
The Skycoin Project is one of the oldest crypto projects in development, and Skycoin is its first creation. Built as an infrastructure project rooted in the founding concept of decentralization, Skycoin runs on a completely different consensus algorithm, “Obelisk” or a “web-of-trust.” With Obelisk, Skycoin is not susceptible to the weaknesses of PoW and Proof-of-Stake (PoS)
>Lightning Fast
Transactions take as little as 2 seconds. With no bottlenecks or fees, Skycoin is faster than other cryptocurrencies and competitive with credit cards and Apple Pay.
>Zero Fees
Skycoin transactions cost Coin Hours, a separate currency paid to Skycoin holders for each hour they hold a coin.
>Secure
Built from the ground up in Golang, Skycoin makes full use of time-tested cryptographic standards to ensure transactions can’t be tampered with. Skycoin renders useless such threats as 51% attack, reversal, duplication, and malleability.
>Private
Skycoin’s transaction structure was designed to seamlessly adopt the CoinJoin protocol. Once integrated, Skycoin mixes transactions from multiple wallets to ensure they are indistinguishable from one another.
>Sustainable
Without the enormous computational energy requirement typical of PoW and PoS processes, Skycoin can run on a 30-watt cell phone processor.
>Incentivized
Skycoin is more than a cryptocurrency. It derives inherent value from the Skywire mesh network. Users earn and use Skycoin for providing and consuming network resources.
>Utility Backed
Skycoin’s practical application means it is backed by a real asset: bandwidth.
Hopefully based americans will wake up and dump it
In Bitcoin’s early programming, there was a fundamental miscalculation that the mining process would produce an economic incentive structure conducive to decentralization. Instead, PoW has concentrated influence among mining pools that can supply the resource intensive miners with cheap power. These same groups of influence can orchestrate widespread changes to the network (e.g. forks).
Satoshi Nakamoto himself identified mining-control as the biggest noncryptographic threat to the Bitcoin network due to the possibility of 51% attacks when more than 50 percent of the hashing power is confined to one actor. This also implies that the operation of the network is both economically and environmentally inefficient. According to Energy Researcher Sebastiaan Deetman (2016), “If the Bitcoin network keeps expanding...it could lead to a continuous electricity consumption…[equivalent to] the total consumption of...Denmark by 2020.” The continuous input of processing power required by the mining process also incurs monthly costs in the tens of millions. There is little sustainability.
To tackle this centralization problem, Skycoin uses a distributed consensus algorithm, Obelisk. Obelisk distributes influence over the network according to a web-of-trust. There is no mining, instead the web consists of nodes (e.g. computers, Skyminers, etc.) and each node subscribes to a list of trusted nodes. Nodes with more subscribers hold more influence in the network.
Each node is assigned a personal blockchain that acts as a “public broadcasting channel,” where its every action is publicly recorded and visible. As all consensus decisions and communication occur through the personal blockchains of each node, the community can easily audit nodes for cheating or collusion—without compromising privacy. The nodes are addressed by their cryptographic public key and a node’s IP address is only known to the nodes it is directly connected to. Furthermore, there are no fixed ports and no known plain text in wire format.
Skycoin transactions cost Coin Hours—not Skycoin. To earn Coin Hours, users simply hold Skycoin in order to participate in the ecosystem of Web 3.0. For each Skycoin held by an address per hour, its owner nets 1 Coin Hour. Therefore, holding 1000 Skycoin for 1 hour generates 1000 Coin Hours.
Coin Hours also open up different features within the Skycoin ecosystem such as VPN services, movie downloads from Popcorn Time, additional bandwidth on Skywire, etc. However, for holders more interested in its monetary value, Coin Hours will readily be accepted through an Over the Counter (OTC) Buy-Back program that guarantees a foundational value. Additionally, the launch of Skycoin’s Decentralized Exchange will enable Coin Hour holders to exchange them for various other currencies.
To ensure the establishment of a healthy Coin Hour economy and to reward hardware testers who earn Coin Hours for testing, Skycoin will initially fund an OTC buy-back of Coin Hours. Funds for the buy-back program come from undistributed coins. The Organization will burn the Coin Hours it buys back to increase Coin Hour scarcity and value.
SKYCOIN HARDWARE WALLETS
Skycoin believes that hardware wallets are the most secure means to storing coins. In order to maximize adoption, Skycoin will soon be supported by several popular hardware wallets in addition to producing its own. The Skycoin hardware wallet will support dozens of alternative coins as well as the ones on Fiber. This is on top of the convenience already provided by Skycoin mobile and desktop wallets.
Fuck this shit, Skycoin is a fucking scam, manipulated crap token, it’s basically worthless and you retards will lose all your money
Ok dude we get it you don't need to dump the whole damn whitepaper.
SKYMINERS
Skyminers are custom-built hardware VPN units that provide the computing power, networking capability, and storage capacity necessary for the Skywire
network’s infrastructure backbone.
The Skycoin ecosystem is designed to be accessible to everyone, regardless of their means or technical knowledge. Skyminers are a major driver of that accessibility. Their low-cost hardware and energy efficiency make them relatively cheap to buy and run. A “plug and play” functionality is currently in the works so that nontechnical users can easily deploy their own nodes.
In keeping with the Skycoin Project’s open-source roots, full Skyminer part lists and assembly guides will be available to anyone who would like to build their own.
The Skycoin team is already ramping up production of Skyminers. Post mainnet, Skycoin plans to have 1 factory producing 1,000 units per week with plans to scale up to 2 factories producing 10,000 units per week by Q1 of 2019.
There are two main areas of R&D for Skyminers. First is the antenna hardware. The team is developing two main antenna variants:
1. A short-range (up to 5km with clear Line-of-Sight) antenna for point-to-point access in urban areas
2. A long-range (up to 15km) antenna to connect sparsely populated communities
SKYWIRE ADOPTION PLAN
When fully deployed, Skywire provides direct access to the Internet backbone. In order to achieve this, Skywire must provide:
• Short-range connectivity between nodes in densely populated regions
• Long-range wireless connectivity in sparsely populated regions
• Backhaul connections to the fiber backbone
These goals are achievable with existing technology. Skywire will use a phased approach to roll out the network.
Phase 1: Testnet
The first phase is already underway. A software-based testnet has been live since late 2017.
Phase 2: Mainnet
The second phase marks the official launch of the mainnet and the beginning of real mesh network capabilities. Skywire nodes will connect to each other over WiFi and share bandwidth. Both short-range and long-range wireless antennas will become available during this phase, enabling node peering over distances up to 5km and 15km
Phase 3: Backhaul
Backhaul traditionally refers to the portion of the network that connects the network edge and the main backbone. In Skywire, backhaul refers to the connection between the wireless meshnet and a fiber connection point. Once backhaul connections are implemented, the meshnet no longer depends on Tier 3 ISPs.
I have 1000 sky, will I make it?
Ohhhhh. Now the insider trading rally makes sense. Still scam stays scam. Will crash tomorow by 60%, like whenever a coin hits gaynance
lul someone is triggered
FUCKEN GET IT UP YA YOU CUNTS< YEEOOOOWWWWW
its because of the testnet you idiot. the excitement around testnet was at ATH within the community.
More exchanges on the way soon too.
I have 60, you tell me.
Holding SKY in your wallet generates Coin Hours very quickly, and in the future these will be tradeable and spendable on the network. But you lose 75% of your accumulated Coin Hours every time you transfer Sky Coins out of your wallet. So anyone who holds SKY has very strong hands because they don't want to lose all their accumulated Coin Hours. Because of this, there won't be a dump on Binance. It's likely to 2X or 3X after listing due to the shortage of sellers. SKY holders and holders for life. We hoard the Sky Coins and just spend the generated Coin Hours.
Stop talking like we're some kind of cult. I bought a month ago and intend on holding for 2 years but typing like that makes me really rethink my decision
We are a cult. The Cult of Synth. If you don't worship Lord Synth you should definitely sell right now. Do it and post screencap.
fukin weeb pajeet, i'm only joining Chad cryptos, like HBT
Dyk that Floyd Mayweather is down with the Hubii
Im not a part of a fucking cult you pajeet
>if i wanted to
So he doesnt want to
You are. You're part of the cult even if you deny it. Forget LINK. Skycoin will take over as /our/ coin.
hello sir,
can you please direct me to the website/exchange where i can purchase share of sky coins , also any other good resource in this regard. Also how much will be sky coin by end of 2018 , will it be accepted by Indian exchanges ?
Many thanks
Skycoin Fan Video:
Holy shit, that pump. gg all you anons selling to normies right now.
wheres Holo and Substratum now?
anyone having trouble withdrawing skycoin from cryptopia? it's been pending for a while
depositing to binance
YEEEEEEEEEEEEEESSSSSSSSS I BOUGHT 40 MORE BEFORE THE PUMP HOLY YEEEESSS
Well, for starters they're not about to get dumped from prices inflated by insider trading.
Yeah, because eth really is slow as shit with no solution in sight.
Synth told us weeks ago on telegram that big exchange listing were imminent, it wasnt a secret, and the screencaps have even been posted here on Jow Forums many times. So I wouldnt call it insider trading. Many of us have just been accumulating becase big exchange listings were imminent. More to come too.
Except I bought in at $9. Enjoy killing yourself when this is 1000 dollars EOY
Is sky POA?