/biz/ - Business & Finance

Skycoin will eventually replace Bitcoin. That was actually why it was created 7+ years ago by the original Bitcoin devs. They designed SKY to overcome all the flaws they saw in Bitcoin.

>>5488876
Heh, nothing personal kid.

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.