/biz/ - Business & Finance

Dude... your not supposed to FUD Skycoin. Scientology lawyers do not fucking play.. they WILL fuck you up.

nano. Thought I bought a fat dip at 4$, already down 10 grand on that good idea

>>9864037

You can't create a global mesh network with skyminers. Nexus solves this problem by actually launching cubesats into low orbit, in partnership with vector space industries.

I'm telling you guys... Nexus will be bigger then SKY soon. Mark my words.

Confido.

>>9864099
nexus doens't have anything running on it though and the blockchain is slow as fuck. it's just bitcoin in space. still has miners and runs into all the old problems.

>>9864066

I just bought at 2.70 and it's already down 1%, Nano might be the legendary black hole of cryptos, designed purely to destroy money. Fucking should never trust reddit cucks, I only bought it because that bomber fag has sold all his nano. Gonna dump these bags as soon as I'm up even 4%, then watch it go to 90 cents.

>>9864037
Nobody on SKYcoins sky builders telegram cares about the price at all. Its quite funny to see it crash 60% and no one give a shit. Currently waiting on my miner. Hopefully the price stays sub 10 bucks for another 3 months so I can get 3k SKY and never sell them

>>9864037
I sold it all right before the competition started. Knew it was gonna dump to shit just by seeing how NANO ended

>>9864589

Bigger then SKY. Soon.

>>9864737
how so? explain yourself. I've known about NXS for a while now, please fill me in.

>>9864638
+1 on this, and ACTUAL telegram group that cares about tech over price, its a breath of real good fresh air

>>9864749
Its because NXS will use cubesats!
Cubesats are cheap for either low earth or geosynchronous orbit.
$295 and $915k respectively per satellite. You only need to pay 24 months in advance for each launch!

http://spaceflight.com/schedule-pricing/

I think some major whales cashed out considering it was way up during the bear market compared to other coins. I still believe it is one of the biggest coins you can buy into right now

>>9864756
>I'm so smart
>only idiots care about the price and making money
>muh tech

The tech is shit and what they're proposing isn't possible. Five minutes of research will show you the mesh network can't run the way they describe.have fun getting dumped on by the devs.

>>9865775
They don't care about speculators and whales doing barts, they have invested years in the tech and want the project and its principles to succeed. Unbelievable, I know.

grug buy rock. rock no comfy. need be comfy boi. grug need smart contract for comfy boi water bed. comfy boi satisfied.

>>9864037
yes my friend, this one and pretty much everything on kucoin desu

grug buy sky during event. grug move sky off binance. now chinks no steal grug sky. grug have peace of mind

Skycoin was a reactionary project to fix the problems in bitcoin, and has been in development longer than any of these other shitcoins on the market. It was meant specifically to replace it. Skywire is only one app. Skycoin is what Satoshi envisioned, a true distributed ledger.

Here is a list of a few of the problems SKY had fixed in Bitcoin:
Elimination of the need for miners for network consensus through a new consensus algorithm.
Elimination of dependence on the human element in the network operation.
Duplicate Coinbase outputs
Signature malleability.
Reduction in complexity in implementation.
Dozens of other small security related improvements.
Elimination of external network dependencies that create security concerns.
51% attack proof and strengthening against various cryptographic attacks.
Simplified, more power data, transaction and wallet APIs.
Bainwallet, deterministic wallets as default.
Intrinsic support for gmaxwell CoinJoin transaction privacy protocol.
New networking protocols to enable the verification of the mathematical prerequisites for consensus network convergence.
Separation of coin creation from consensus network, to eliminate Bitcoin's tendencies towards mining centralization.
Directed bipartite TX/UTXO transaction graph structure which is more elegant and efficient than Bitcoin's multi-graph structure.
Provably upper bounded network, RAM and CPU resource usage for network operation
Soft coded, adjustable blockchain size parameter to enable network transaction rate scaling
Rolling unspent output state error correction coding in the block header for early detection of software/hardware non-determinism.
Blockchain/transaction/history storage database with constant time lookup, index-less operation for all major blockchain history queries.

you remind me of an article I read in 2017 about btc & bottleneck, high transaction fees, too much time lost in waiting for the transactions to get in the block

kekekek ye feckin wee poorfags get on and spend your ether on skyscam. hope the gooks and the shekelsteins take your bags

>>9864099
who is owning the cubesats? sounds very decentralized... remember this is what ppl need and crave for.
a P2P network is a go, go. Mark my words!

>>9866819
Maybe a consortium of multinational corporations. But they would lose a shitton of money. Cubesats cost hundreds of thousands to launch, you need a shitton of them, and only stay in orbit for one year each.

The only realistic way to have decentralized internet happens to be what Skycoin is doing.

>>9864037
kekkkkkkkkkkk

the dev is a delusional idiot who will NEVER accomplish his vision. The dude is strait up crazy and unstable. stay away.

Going all in Nexus after this crash