/biz/ - Business & Finance

>>13078324

The home invasion happened, the perps were arrested, named publicly, and jailed. A court case is ongoing in China.

http://www.skyfud.com/kidnap.html

>>12612332
There's more though. Here's a police report.

>>12005472
>The flaw is that it is completely centralized, the team can mint coins whenever they want and they are already dumped on everyone because of a supposed "kidnapping" that there is no proof of.
Totally false. Skycoin has a distributed ledger, and it is impossible to mint coins on it. Skycoin was not premined, mining is imposible, block rewards do not exist. All coins that ever will exist were created at the genesis block as per needs of the new consensus algorithm.
>I've asked multiple times for court documents that name the parties and there is absolutely nothing.
pic related
>This is an absolute fucking scam. And again there is nothing here. You download the ledger from the team that mints the coins and ever time you open the wallet it checks it against their ledger and all changes are made.
Lies again, lying cunt can't argue with Synth because everything he says is everything he has always been saying and is coming true before your eyes and making your brainlet sore.

Exhibit C. The police report for the kidnapping has been around for a while. Part 2 is the fact that the kidnappers haven't posted to social media since the incident.

>>11620962
Because the court case hasn't occured.

>>11620979
Standards that adhere to your specific goalposts, I'm sure, lol.

>>11411906
yep

>>11305125
>you can't run a node
A node can mean many things, a blockchain node, a Skywire node, or a consensus node. So far you can run 2 of the 3, and our consensus nodes will have virtually no barrier to entry.
>you can only validate through the CEO's node meaning he can change the ledger at any time
Skycoin has secure masternodes with redundancy for validating blocks while Obelisk is under development. The ledger is distributed among all the blockchain nodes on the network. Every wallet contains its own blockchain node, which is why you need to synchronize your wallet before you see your balance.
>CEO mints all of the coins at his whim
Skycoin cannot emit any more coins, 100 million coins were emitted at the genesis block. Read this 3rd party analysis of the distribution scheme. https://christianott.co/skycoin_distribution_en/
>CEO dumped all of his coins at the ATH claiming that he was "kidnapped" when there is no proof and he was back doing his usual interviews days later
Skycoin released a police report: pic related
>CEO got caught in insider trading scam and said it was all just a joke
Funny joke. The industry is rife with insider trading. And he recorded a voice message joking about it, posting it for all to see.
>CEO sells hardware at 80x markup for personal profit to connect to the permissioned centralized network
Skywire network is permissioned during the testnet phase only.
>8 supposed years of development and no way to control your own funds or run a node
You control your own funds by keeping your private key safe. You run a node in your wallet, just like any other full node wallet.
>CEO publicly talks about price and gains endlessly
Synth is founder, not CEO, and he talks about lots of shit endlessly.

>>9960064
Just bought the dip

Hey biz, I'm down a lot of money on skycoin so I wanted to check if the team was lying.
Police records are open to the public in China, as long as you know someone who speaks mandarin and are willing to try emailing a few police stations until you hit paydirt.

Enjoy.

Source: https://mp.weixin.qq.com/s/hTJ-2hUQMeCN4M2ytykTEw

police report attached