/biz/ - Business & Finance

2nd layer solutions are exciting and all, but they have been very difficult for projects like Bitcoin and Ethereum to implement. They were created to be a proof of concept while scalability was an afterthought. Such antiquated projects will have great difficulty competing in the coming years. You need a project with no block reward and no transaction fees for the consensus algorithm to reach a consensus that does not damage the network. Therefore consensus must be cheap to achieve. The blockchain must be simplified to allow easy implementation of offchain solutions, utxo is poorly architected. There should be a blend of inflationary and deflationary currencies to allow better modelling of a real world economy. It must, as a platform, support both decentralized and permissioned consensus networks with multiple blockchains to ensure performance is not affected by usage spikes caused by unrelated projects. This is vital to bring practical blockchain solutions to real world industry. The ecosystem's incentive model must create jobs and lead to the development of actual physical infrastructure growing the network and increasing the intrinsic value of the project. Skycoin may not be the only project that is being designed to have these properties, but it is the furthest along in development.

>>9155913
I am hoping the same, although I really hope it's not hitbtc, I promised myself I would never return to that shithole

>>7930831
i think synth said in interview that all dyi miners will be whitelisted, only those that will cause any network issues will be kicked from the testnet

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.

>>5568564
my bad I thought this was a skycoin thread

Skycoin is also the first coin that cannot be forked, because it is based upon a network and has lock in.

It has the mathematical property of being monadic.

It is also the first coin to eliminate inflation from miners. Miners just mine altcoins and dump them for Bitcoin. Miners drive down the price. Miners means that whoever has the most hardware, controls the network. So whoever has the most money, controls the network. You might as well hand over control of the network to goldman sachs, VISA and the FED.

>>5530962
WILL REPLACE BOTH BTC AND ETH

3 YEARS

>>5098614
we will soon stop worrying about charts