/biz/ - Business & Finance

Skycoin is more than about tech. Yes we know the meshnet is going to be shit when it first launches, have a medal faggot
What the fuck are you expecting? 1Gbs up and downstream with 100% uptime this time next year? Grow a brain faggot.

Bitcoin is shit and hasn't changed for 7 years because every single cent from bitcoins price increase is extracted by miners, speculators, and scammers. Every single dollar is extracted from the host like a bunch of parasites, instead of going to investment back into the network.

If Bitcoin took 1% of its 100 billion market cap and put it into crypto projects and infrastructure, the results would easily offset the money spent by an order of magnitude. But instead the money is siphoned off by leeches and none of the money from Bitcoin's rise goes to anything for crypto adoption.

Bitcoin is an example of the free rider problem. The people with millions of dollars in Bitcoin are having yacht coke parties and scammers like Roger Ver and CSW create BCASH and other scam projects to extract even more money and leech from the host like a parasite. Meanwhile, projects that could improve the Bitcoin network and increase usability (and thus increase the market cap by hundreds of billions of dollars) cannot even raise $20000. Even in Oct 2018, the bible basher Luke cant get funding for his work and has to take a day job: https://twitter.com/LukeDashjr/status/1054545007418507264

Skycoin is set up to have the coin intrinsically tied to a useful resource: bandwidth in an uncensorable P2P internet. The demand for this is going to grow. Since the coin is tied to providing a useful service/resource, Skyminers are incentivized to continually improve their quality and service to earn more SKY, meaning that at least some of the money from any price rise on SKY will go back into the network to continually improve it

All Skycoin has to do is provide a POC to get the project off the ground and fuck off like Satoshi, the rest will take care of itself.

Based. Do you have more of stuff like this saved somewhere for me to learn more?

>>11657417
Huh, how did they catch up to Bitcoin nodes so quickly? This is almost as much, right?

>>11657678
theres between 1-2k people participating in testnet

>>11657738
Active community with 10000 in the telegram chat

>>11657417
DELET

>>11657738
Ah, multiple nodes per people, I get it, those boxes have multiple cards in them.

That's still a fuckton of people for a shitcoin. Very interesting.

>>11657777
n-not interesting