SKYCOIN THREAD
This is the most ambitious crypto project I've ever seen, nothing can compare in that regard.
I'm going to try and educate you plebs about it. The infrastructure is made of 4 main things:
1. SKYCOIN: A coin that is technically superior to any alt there is. Transactions with zero fees that take approximately two seconds, unlimited transaction rate, no need for miners and block rewards, low power usage, ALL of the bitcoin's technical vulnerabilities fixed, a consensus mechanism superior to anything that exists, resistant to all conceivable threats (government censorship, community infighting, cyber/nuclear/conventional warfare, etc).
- Once coinjoin is implemented and the network is running over skywire, it will have a higher level of privacy than any other coin (more anonymous than zcash/monero and without the overhead). Wannabe drug lords should switch from monero/dash to skycoin after the CXO browser and skywire are available, because all of the ecosystem components are integrated with each other. You could have a decentralized silkroad on skywire and pay seamlessly with the same coin you use to pay for your utilities.
- Numerous peer reviewed whitepapers.
- Skycoin is being developed by legit engineering geniuses, for years (predating Bitcoin’s boom).
- Holding Skycoins generates income in the form of Coin Hours (like NEO’s GAS). There will be a marketplace where Coin Hours are traded and Coin Hours will be used for services within the Skycoin ecosystem.
Quality SKYCOIN thread
Other urls found in this thread:
youtube.com
blog.skycoin.net
discord.gg
twitter.com
>I'm going to try and educate you plebs about it.
no please dont bother pajeet
skycoin is nice but wew lad is a faggot
2. SKYWIRE: A decentralized ISP where you earn coins for forwarding traffic/bandwidth (like Tor but faster, not backdoored by NSA and you are getting paid to run a node), that will give everyone nearly free internet access and will get a lot of users and actually be useful. Different networking protocol than TCP/IP, designed to be immune from literally all currently known network based attacks.
- Uses public keys instead of IP addresses, with all of the traffic encrypted by default, making man in the middle attacks impossible.
- Nodes forwarding the traffic can only see the previous and next hop, not origin or destination, making it extremely private.
- Latency is superior to TCP/IP because ISPs use hot potato routing, while Skywire doesnt.
- Speed is superior because bandwidth aggregation is possible, making it possible to share the unused bandwidth of your neighbours.
- Immune to ISP control tactics, such as throttling, censorship, outages, etc.
- Designed to be ran on skycoin's own open source hardware infrastructure.
- Works as an overlay over the current internet as of now, but will be completely independant as soon as the network backhaul is in place.
- Incentivized for the first 14 years, you get paid for running a node and transferring packets for the network.
errrrrr wtf
question. if i dont need an isp who does my node get online?
satellites? does someone from skycoin come and run a line to skycoinHQ ?
"Linda Linda Linda" was a good movie
they talked about launching a satellite if it takes of but there will be a radio transmitter module for the miners
oh nice so if theres nobody in my area im fucked.
no dumbo you use your isps infrastructure
3. SKYLEDGER: A platform that’s their version of Ethereum’s ERC20, but with Ethereum's technical limitations fixed. Every coin is given their own blockchain and the platform runs on top of the skywire infrastructure. Coins have already started doing ICOs on skyledger (Solarbankers.com, SPACO, etc). About 30 coins lined up so far. There’s a programming language (CX) and it’s not limited to just "smart contracts". Developers of each chain can hardcode whatever they want to do. For example full video games could be embedded on the blockchain, if anyone would want that.
Ethereum is using javascript for front-end. Skycoin is using CX and CX is completely memory sandboxed and uses affordances to box applications and APIs in, so stuff like the parity hack can never happen in skycoin. Skycoin is using affordances and a genode style resource/permission system. So there's an easy way to write security policies - like "the frontend should not be able to access my coins unless something gave it permission to do so". Where as ethereum cannot enforce constraints like this, so they are just duck taping over the problems and hoping they go away.
Skycoin is designed to make these problems impossible through good architecture.
will buy the next dip
4. Then there’s the massive ecosystem of stuff being built on top of the previous three things. Like the sky-messenger, the file sharing/dropbox functionality, distributed social media (sort of like Steemit but running on skycoin’s infrastructure and platform), DEX and OTC markets for the whole skyledger family. There’s about 15 development teams working on different projects within skycoin’s ecosystem. And unlike shitty erc20 tokens promising similar things, most of this stuff is already being developed, you can check the github to see the progress.
This is a twice-in-a-lifetime opportunity (The first opportunity was with Bitcoin's price rise). You need to hold these coins for a year or two, and not be greedy with day-trading. That is the most ultimate lesson I can ever teach you.
Basically if you choose ignore all of this, you're a fucking retard.
go away synth
sorry papa we are here to stay
I hope you guys realize this is not going to work... Do you know how much it costs to run new wire to every house in the world in order for skywire to work? Theres a reason google couldnt do it with fiber. They tried, it was too expensive. If google couldnt do it how in the fuck will this coin make it happen? Goodluck chasing the pump only to get dumped on.
Bitcoin wasn't going to work either
sorry are you really that retarded?
why not just use the infrastructure that is already there?
goddamn that is one sick looking nigger.
Aids is a helluva drug.
No one cares about this freedom tinfoil bullshit. This project isn’t revolutionary, it’s still a blockchain and still plagued by the same problems they all face. It will still get pumped though. I called that 2 days ago when it was 100mill. It’s only on pretty shitty exchanges though so I didn’t bother, and yes I’m regretting it now.
What problems does it have?
Btw skyledger.net
already being used
I dunno what they are, but they are definitely there. I can't understand anything in the whitepaper/s...
if ur the same user from the recent Skycoin threads thanks man. Researched it a bit and took a small stake: doubled in 3 days woot. Is it too late to continue accumulating? What are the upcoming catalysts? I know miners are being shipped out right now...
ofc I am the OG skyshill
and you are welcome
i think aiming for 300 in Q1 2018 is not too far off
Aight gonna double my position on the next dip. This thing has so much momentum it steamed right thru bitcoins dip. Any dates I should be wary/aware of?
Alright so first thing I'm skeptical on. It's going to require people to share their internet connection in return for skycoin. However the provider of the internet connection cannot identify the user of their internet. They are acting as a VPN and they still need to request websites and data from their ISP. Herein lies the problem:
If the user of this local VPN server gets child porn from the network he pays for with skycoin, then the provider of the network is fucked because he can't identify the user but is still liable because it's routing the traffic through his home connection.
Pretty much it wants to create an anonymous internet. All your traffic gets metered, and you pay per packet in Skycoin. No more unlimited internet services. Also an anonymous internet isn't actually a good thing. We still want safeguards in place to be able to catch people when they do something our society agrees aren't decent things, like child porn, terrorism, or other crimes. The people who are creating these sorts of projects are tinfoil hat wearing people who are short sighted in that they think society would be perfect without any regulation at all. As the lead dev synth openly says here .
I don't also like the way that they just swap 1 coin for 2. They say you get free transaction fees but they actually consume another second coin that may not be free. It's just needlessly increasing the complexity of the system.
Will this get pumped? Probably
Should it? Probably not.
>We still want safeguards in place to be able to catch people when they do something our society agrees aren't decent things
This was what the NSA said to asymmetric crypto researchers. Had they listened, Bitcoin wouldn't exist. Its also why Satoshi Nakamoto used secp256k1 over secp256r1 because he thought the NSA compromised it. Please consider sudoku.
>We still want safeguards in place to be able to catch people when they do something our society agrees aren't decent things, like child porn, terrorism, or other crimes.
>people can't be trusted with true freedom and privacy
fuck off cia nigger
Could you give it a creepier name? How do we know it won't become self aware and kill us a la skynet
Well that's fucking wrong. It started pumping the same time Bitcoin was retracing. Enough with the blatant lies there's a big difference, as it stands D's. Skycoin is not immune to the ripples papa outs out. Just another shitcoin
>Implying your government won't force ISP regulations on skynodes or outright ban them like tor.
Good luck. This is why mysterium failed.
Running a Tor node is not illegal. Many universities in the US run them. It does violate most ISP terms of service for residential lines though.
>5502513
>Running a Tor node is not illegal.
>In the US
ftfy
I'm in
it's not illegal because they aren't profiting from it. You are profiting from it if you are receiving skycoin for it.
oh so now crypto is real money?
make up your mind so we can get on with it, kikes
You've given me a lot to think about
also, holy dogshit it's selling at .0025 now when will it end?
Next pump in 1 day and 13 hours, confirm with our Discord group: discord.gg
>This is why mysterium failed.
It did? When? How?
Being a fucking idiot won't make the problems go away. Stop shilling your shit.
It doesn't need to be a legit currency for the rules to apply.
Crypto is classed as an asset... It pretty much always has been. If you're trading drugs in exchange for rent your still classed as a drug dealer in their eyes...
so i'm breaking the terms of my residential internet if i farm gold on wow. do i have to claim my titan on eve as an asset on my taxes?
Next pump in 1 day 13 hours, confirm on our Discord group discord.gg
fuck off with your fucking scams where are the mods? too busy banning goatse and tits on a cartoon porn imageboard
Are they classed as assets by the IRS or just you?