/biz/ - Business & Finance

>>9686746
tellin on u

>>9686765
don't have to, about to post this everywhere, the people have to know

Lol this is jeff

Hes insanely moronic and uses tails.. presumably because his crypto career consists of online drug orders and 24/7 fapping.

He asks some really stupid questions. Very hyper little boy that will send 10 to 20 messages back to back. I seen this shit first hand and wondered how anyone was handling him lol...

>>9686785
I KNEW IT

>>9686808
This is the kind of incompetence i'm talking about. This guy is from the Skycoin team and this is what they do when you bring up serious bugs that could ruin the project. This is a PERFECT example i'm glad he posted it.

The fuck is going on in here is op just a larping faggot or what? Was about to put a large buy order on sky

Yes larping faggot very very annoying one

>>9686746
This only works because the exchange wallet for Cryptopia had been accumulating hours for a while. Exchange setups in the future will probably use multiple wallets to manage coinhours.

Your scenario doesn't invalidate the subcurrency economy.

>>9686849
>>9686865
>>9686808

This is the co-founder of Skycoin Steve, he's COFOUNDED Skycoin with Synth and he doesn't give a FUCK about the project. Seriously, dump all your SKY now. They are incredibly unprofessional and I feel like an idiot for buying in to this project now.

>>9686875
he says ubuntu

>>9686746
no one intelligent enough to do this would snitch on themselves. fuck off larper

>>9686867
Doesn't matter, it devalues the price of coin hours and irreparably harms the project because now forever people will know there was a time when you could get nearly unlimited coinhours for basically no cost in a several hours, who the fuck is going to pay for that???

This chronic masturbator thinks I'm Steve lololol

>>9686899
he pretends he isn't steve but him and Synth have both talked to me and told me they don't give a shit about the bug and that coinhours are supposed to be free. When you invest in SKY and think you are getting 'passive income" it's absolute bullshit. The skyminer amount they give you is pennies and so is the coins per hour in your wallet. It's all worthless folks.

>>9686746
public key bitch or lying faggot

>>9686929
nvm OP confirmed faggot who doesn't even gno how UTXOs work, let alone coin hours.

>>9686929
you can't view coin hours on the explorer as far as i know

>>9686898
But there wasn't an unlimited amount. You just got 25% of the coin hours for some coins that had been in that wallet for quite some time.

>>9686917
its ok this coin is like a charity for decentralized internet not greed

Only someone with severe autism will post back to back enough times to fill a screen on multiple occasions.... confirmed 16 year old drug addicted fapper ordering drugs on tails and doesnt know how linux works

>>9686746
>>9686765
>>9689068
>>9686882
>>9686898
>>9686917
Its up to the exchange to do something about this and the mechanics of the system already allows the exchange to prevent this from ever becoming a problem. Whether or not an exchange avails themselves of this opportunity is their fucking problem. This kind of thing cant effect the economy anyways because the number of Skyhours generated per hour are the same no matter where the coins are located. Locked Skycoins do not generate Skyhours.

>>9686947
nigger you keep posting that picture and deleting it

>>9686888
trips, and he doesn't even gno what a UTXO is leave the pajeet to poo in street

>>9686945
oh don't worry i'll be using the coin hours for internet if there ever is one, but i just won't buy into skycoin because the devs are incomptent. if you're cool with the main spending currency for the sky economy being worthless then cool, buy more sky.

>>9686947
Dude what are you doing? You're supposed to be professional when you work for and represent a company. It blows my mind that you think it's cool to say this shit while you are on the clock representing this entire project. Unbelievable I can't believe they let you work for them, just goes to show how amateur this project really is.

>>9686967
This is just C grade concern trolling at this point.

>>9686958
>>9686967

lol get rekt larper

Says the guy using tails struggling to Install a wallet...

I'm just an observer to your rants the last 4 days in telegram pajeet boy... I'm flattered you think I'm Steve hes so buff I would totally be happy to be him. Do you want me to be Steve you larping faggot?

>>9686989
ok. so you dont think i have 17 million coin hours?

>>9687002
the wallet is incompatible with tails you derp. had to use ubuntu.

Who cares..... 17 million coin hours is jack shit little boy

>>9687023
8 posts.. you seem concered? i'm going to tell everyone how easy it is to spam binance withdraws and get easy coin hours. It's not like i'm lieing :)

You were told its incompatible by the admins you fucking pleb lol

>>9686958
This doesnt really make sense cause if it was worthless it wouldnt be the main spending economy. Maybe if its price was low you would just spend more of them at once. and as the supply goes back down then they would become worth more.

>>9687036
yeah the admin installed tails and had same error, are you pretending to be retarded?

>>9687038
of course you can still spend them, but generating them in your wallet is the poor mans way of doing it, if you want a lot of coin hours you just keep withdrawing 0.02 into your wallet and you'll get way more than you will by holding them the legit way. Everyone is going to do it and it's going to make coin hours essentially like monopoly money

Then when binance bans your account for exploiting their systems with funds in it your wallet your funds will no longer be safeu


Me concerned? No I'm geeking hard at your autism. This thread was posted in the telegram group and people are making fun of you lol


Hahahahahaha

>>9687030
Sounds like binance could set up their system to prevent that, but that takes some effort on their part. They might just decide to ban people who do this instead, and confisticate their balances.

The only retarded person here tonight is OP

Have a good one plebian I'm out I'm getting cancer

>>9687060
i have multiple binance accounts and none have funds on them

>>9687064
they can easily fix it but they won't because they don't care. all they have to do is increase the limit and/or fee

>>9686746
Thanks, Sky Fag.

>>9687052
That just doesnt make sense, only a certain number of coinhours can be generated per hour no matter where the Skycoin is being held.

>>9687073
>>9687060
>>9687036
>>9687002
>>9687023
>>9686947
>>9686899
>>9686865
>>9686849
>>9686808
11 posts? This is the skycoin team, everybody, incompetent as fuck.

>>9687087
all i can tell you is, if you want coin hours, you spam for them, you don't sit with skycoins in your wallet. you only need a few skycoin to use to spam.

>>9687105
that wont work though cause not everyone can spam for them, there wont be any left on the exchange.

>>9687111
they have plenty from the amount they generate every hour.

What if

then main net comes and coinhours all get reset. And you paid a fee to get them and you barely have any skycoin

now what do you do lol

>>9687137
oh yeah, i forgot about the withdrawal fee. i bet that gets expensive really fast.

Lol. I know OP.

Some drug dealer sold him an actual dime bag of human shit. He bought it and tried to smoke it. Then went on a “shill fest” posting as “sky anon” and used a fucking guy fawkes mask.

Get rekt fag. The coinhours thing was from cryptopia back logs and it’s over now.

>>9687137
it would create chaos and crash the price because the entire community that spent years accumulating sky hours now will have zero and they'll sell their coins. but desu, it needs a reset and id be all for it. my 17 million coin hours are only worth like 850 bucks anyways. all they'd have to do is get binance to adjust fees/limit before too many people spam and then it wouldn't be so bad

I'm still flattered "I work for skycoin" lol I wish

>>9687155
it's not over, you can still get 7,800 CH for one 0.02 withdraw which is 40 cents for 7,800 = $0.00005 per CH which is stupidly cheap to even claim it's passive income

You thinking you know how much a skyhour is worth is the funniest part of this

>>9687173
thats because you were the only one trying it. as soon as some more people start doing it it will become unprofitable.

Gotta love this fud too. First, coinhours are worth nothing, total scam, THEN, they are the most important thing.

Nice 180.

>>9687186
who's going to pay more than 0.00005 per CH when they can spam the withdraw and get it for that price everytime? i don't know the price, but i know 0.00005 is the ceiling for CH

>>9687173

Nope. Doesn’t work.

>>9687204
don't worry im market dumping the 17 million as soon as they're tradeable

>>9687221
I just did it again to test a few hour ago, unless they just fixed it, you're lieing. anyone reading this can try it for themselves you just need 40 cents worth of SKY don't listen to this retard trying to protect his investment

Market dumping the 17 million

He just said he was keeping them for the internet hes losing blood to his head from all the fapping

>>9686746
It's not a bug you idiot. It's designed that way. If you give up your accumulated coinhours to send SKY from your wallet to exchanges to dump, someone should get a part of those, no? Or do you think it makes sense that the whole millions of coin hours just vanish? Or maybe Binance should keep for themselves? LOL

>>9687235

I think I heard your mom say your tendies are ready.

>>9687221
proof

>>9687251
16.5m dump 500k for internet if it exists

>>9687273
>he think 17 million coin hours is normal to receive in 2 hours

Lol the tendies are so ready

Twenty fucking three posts in his own thread.

>Sounds trustworthy.

>>9687235
Spamming withdrawals spams transactions. Each transaction burns 50% of the existing coinhours in the affected unpent outputs. This behavior can only reduce the global supply of coinhours faster than normal. Reduced supply means higher prices.

>>9687309
what do you want me to do, not answer questions in my own thread?

>>9687330
so my 17 million coin hours are gonna be worth a ton of money? sweet! cant wait to market dump! :D Thanks for the free money! brb need to spam some more

>>9687341
I haven't used SKY before. What the hell are SKY hours? Are sky hours = the amount of skycoin you have, or are the sky hours converted to skycoin?

>>9687235
How does the spam work? You just deposit and withdraw till you get the hours?

>>9687352
you generate sky hours per hour but the system is broke so you only get 1 coin hour per hour for each skycoin you have which is like nothing compared to how many you can get when you spam withdraws on binance. 7.8k per 40 cents you spend. so i stacked up 17 million in a couple hours and now i sold my skycoin and get to keep the coin hours. it's awesome i hope they are worth more than $0.00005 but i doubt it

I have no idea what's going on here, but it looks like some fucking CONCENTRATED effort at shitting on OP here. >>9687309 sounds exactly like the first guy from a new ID which only makes me wanna try this more.

I'll be back with results

>>9687380
Is it the same as SKY that I'm seeing on CMC, or is this a different SKY?

>>9687345
Dude. I just figured out that you are transferring your own coinhours between wallets and burning half of them. Keep doing it. This is funny as fuck.

>>9687360
keep withdrawing 0.02 skycoins into your personal wallet and each 0.02 skycoin you send you'll get a massive amount of coin hours. they say it's not a bug, so it's a major design flaw that you can exploit for now until they wise up

This retard is spamming for coinhours but you have to transfer them out of the wallet or else he wouldnt only have 0.1 skycoin he would have more so hes burning coin hours himself from the looks of it

I think OP trying to win Skycoin's Retarded 4chan Threads Contest. C'mon, all of this to win 2 SKY. Pretty pathetic

Lol I'm not the only one who noticed that I'm so happy

>>9687389
you'll be able to sell coin hours once they get listed but for now you can only generate them

>>9687391
but i never had any coin hours and i made 17 million in 2 hours, what are you talking about? i bought skycoins on binance right before i did it. your shill tactic is such low effort

>>9687401
17 million sky hours is only worth 2 sky?

What the hell?

Your brain tactics are low level

>>9687394
wrong, you know people here are going to try it right and realize your full of shit? it only takes 40 cents to try

>>9687405
So wait, they aren't even listed anywhere yet? What's stopping them from literally abandoning the project and starting from scratch? Why the hell would this thing be worth anything at all after this???

>>9687419
>19 posts

you really are mad i'm uncovering your scam coin huh? you are mad cause you did the bug and dont want anyone else to know about it so you can get rich. too bad, your time is up

>>9687392
spamming for coinhours is first come first serve, letting other people in on it dries up the pot fast.

>>9687424
people have been accumulating coin hours for years in their wallets the legit way until now you can get millions in a day which used to take years to get. they can either do a coin hour reset and piss off a lot of people or do nothing and let the "design flaw" continue, crushing the price of coin hours to near zero

>>9687432
i know but i already got enough, time to let the cat out of the bag and expose this bullshit

Pretty clever. Get filthy scammer pajeets to buy this shit to abuse it, and then dump. Well done.

Bro I accumulate millions of coinhours in 1 week you're just a broke ass bitch lol maybe if you had more than 5 skycoin and weren't a skycoin/linux noob you wouldnt be a complete autist

30,000 skycoin makes 720k skyhours in 1 day you fag

Get a job

>>9687330
illuminating
>>9687345
>coinhour prices will go up
>>9687439
>coinhour prices will go down

> I only had 150 SKY, not 150k. I sold my 150 SKY and do not plan to re-enter the project.

He would have burned allllllll his coinhours if he did this btw

Top kek

>>9687494
>20 posts
30k skycoins lmaoooo 600k in skycoin gets you 36 dollars a day worth of coin hours AHAHAHAHAHAHAAHAHAHHAHAHAAHHAHAHA

This guy went really hard into the bug and has hundreds of millions of coin hours from it so he's very paranoid about people spilling beans, as you can see from his behavior. He is ones of the telegram admins.

>>9687516
nope. only burnt 100k CH sending my SKY to binance, nice try though. i don't think you get it, i know /biz/ and they will try the "design flaw" in a heartbeat on binance and find out your lieing. they have more than 40 cents you know

>>9687544
Pajeet spelling. Leave.

You dont have any sky hours left of you send all your skycoins you will be left with 0 sky hours and 0 skycoins

>>9687569
do you really want me to embarress you with a screenshot of my wallet?

lmfao this is either some crazy meta shilling

or the biggest spaz retard /biz/ has ever seen, even worse than "i won't get a bank account why won't you guys help me get a bank account" guy making a thread every day.

everybody knows this, by the way. we call it the "coin hour lottery". cryptopia limits withdrawals to whole coins, so their servers don't get bogged down with requests. I've gotten over a half million several times, but honestly its usually 0 or a couple dozen, unless you do a withdrawal big enough to pull up old utxo's with more hours.

the only reason you got a ton is because binance had their withdrawals turned off for days, and some whales deposited a shitton of coins that had been in storage forever. just by sending those coins they potentially burned billions of coin hours, and you're freaking out over 7800 per withdrawal? lmfao

this isn't broken, btw. this is exactly how the coinhour system was designed. there's a reason why coinhours don't have value yet, and it looks like you are continually failing to realize it.

>>9687597
all this fuss for 17 millions CH? topkek
kys pajeet

>>9687569
FOR ANYONE WHO THOUGHT HE WASN'T A SHILL HERE IS YOUR PROOF

MOST OF MY COIN HOURS ARE STILL THERE, ONLY 2 SKY COINS LEFT AFTER I SENT 150 TO BINANCE TO SELL

BOOM!

>>9687645
thanks for proving that you lied. you said you sold all 150 of your skycoin.

fuck off retard

bump

>>9687645
also, thanks for selling the bottom. I think i might have picked yours up

>>9687732

>>9687741
no problem, if the project is successful as it aims to be, my free coin hours will be by my stake, no need to spend real money and i encourage everyone else reading this to do the same, get a few skycoins, spam withdraws, then leave it be. don't actually buy and hodl skycoins, that's retarded

Huge project supporter here, but it seems OP is correct. I withdrew 0.10 skycoin (0.05 was burnt in tx fee) and now my wallet has 95k skyhours.
I would have to hold the 0.05 coins that I burnt for over 200 years to get that amount.
This is fucking retarded, please fix his.

>>9687854
... shouldnt this be a bug on binance side? why do they have these massive amounts of skyhours in any given withdrawal, its 400k sh for 0.10 sc?
Because 75% you do not recieve

or can you not control how many skyhours are in any given transaction?

>>9686746
i think we've chatted before, are you in you in the Skycoin telegram?

>>9688088
No, there was a withdrawel restriction on craptopia, you couldn't get less out as 1 SKY to prevent people from playing the CH lottery.

This is completely Skycoin's team fault.

>>9688088
Yes, it is Binances problem and does not affect Skycoin.

You can control the number of Skyhours in a given transaction by structuring your unspent outputs.

>>9688120
>doesnt understand UTXO

Craptopia is craptopia because they cant come up with good solutions.

Binance has engineers and will solve the problem on their end before it becomes an issue for them.

>>9688124
No it's Sky's fault man, when you deposit into Binance everything is thrown into a heap, and those coins are generating hours. So when someone withdraws they could get lucky.

Honestly Sky should get a better mechanism for this, what's binance supposed to do? Get a 1000 different SKY wallets?

>50% of coinhours are burned during transaction
>spamming withdrawals actually increases coin hours scarcity
Please keep going
>150 skycoins.
Fuck off with your lunch money.

>>9687854
I'm continuing to do this till they fix this. So far I've burnt 0.3 coins and have 260k hours *about 100 years holding worth)
I wonder if Binance will eventually close my account because of this?

>>9686746
Hahahaha this nigger is so fucking dumb.
I will explain it all to you.
Yes there is a "bug" that gives you more coinhours, this is not a skycoin bug but it's binance fault for not setting the wallet up properly. All SKY generated coinhours while sitting in the binance wallet. When you trade SKY you get 25% of that wallets coinhours, so OP traded in small amount and got 25% multiple times (effectively stealing from others)

BUT!!! This DIDN'T devalue coinhours, it made them more valuable because what OP forgot is that each time you send 1 sky you burn 50% of your coinhours, so OP burned a fuckton of coinhours that were available on binance, making the overall supply of coinhours more valuable.

Now guess what happened?? OP sold his sky and.. BURNED 50% of his coinhours, so now he is angry because he lost 50% of what he accumulated and wants it back HAHAHAHAHAHA FAGGOT OP

>>9688160
it's about the CH man and the principle that it takes very small amounts of SKY to get large amounts of CH which would take centuries to stake for the equivalent of SKY you burn in transaction fees (binances fees).

Like >>9687854
says, you burn something like what 50cents for hundreds of thousand or even millions of CH which you'd have to stake hard for?

I personally am not that bothered by it, but this is definitely a fuck up out principle. And what when Skywire is live and this shit still happens? Means people hosting nodes will get paid lottery money, it destructs all the value of CH as you could just keep playing CH lottery.

>>9686746
>knows super secret whale bug in crypto
>uses phone to screenshot his computer screen

>>9688180
I dont think that this would be fair/justifyable, but I also think its absolutely reasonable to assume.

so how do I do this? buy skycoin from binance and withdraw in small increments to any wallet?

>>9686746
Shit photoshop saged

>>9687755
thanks OP. Its still working for me. What other reservations do you have about the project? I do have an inkling something afoot here. Its not all kosher.

>>9688211
yes, 0.02 at a time.
>>9688202
I converted everything into eth an withdrew just in case for now

>>9686967
If the guy blasting you is an actual dev and he just mini doxed you and called you a faggot on 4chan I'm market selling my XMR and going all in on SKY

>>9686967
skycoin isn't a company you absolute faggot and he's right, who should be respectfull to you, you spoiled little coked up brat
>>9688253
You ain't seen shit yet

>>9688193
>it's about the CH man and the principle that it takes very small amounts of SKY to get large amounts of CH which would take centuries to stake for the equivalent of SKY you burn in transaction fees (binances fees).
Binance can force skycoins to do 5 wallet hops before sending it, efficiently burning all the skyhours. Boom problem solved.
But truth is no one cares about skyhours, it doesn't have any value yet. Abusing this loop would force you to hold skycoins for a year or two to get profits, no one on biz has such strong hands kek.

>>9688288
It's not that far fetched to wait a year or two on a project that has already worked for many years.
Currently it's kinda like buying way underpriced lottery tickets. I know it's hard to value what the skycoin/skyhour price ratio should be, but 100 years holding time seems way underpriced

>>9688288
To expand on this, using this exploit means you are strong sky supporter because you think that skycoins will be there in future and skyhours will have enough value to pay for opportunity cost.
Look at OP. He has discovered the exploit, burned his skycoins which has USD value to get skyhours without USD value yet and now he's selling everything.
He literally lost his money to prove there is ALREADY KNOWN exploit called "Cryptopia lottery".
This is a next level buy high sell low

so devs in TG just said CH are reset to 0 every 3 months. So OPs expression of people saving for years is BS

>>9688342
Yeah, him selling his skycoin literally cut his coinhour supply in half hahaha fucking retard OP.
First he wastes money (trading fee) accumulating coinhours, then he sells skycoin (trading fee) and when you send skycoin (op sent to binance to sell) you burn 50% of your coinhours and send 25% with the skycoin.

OP GOT FUCKING REKT BY HIMSELF

>>9688370
any source on this?

>>9688385
So he still has 8.5m free coinhours for the cost of 2 trading fees? Awesome going to try now.

Who even cares anymore everyone know TRON cash is the real TRON and TRON core is broken causing babies to die all around the world...

www.TRONcash.net

OP got rekt lol

What is the point of having coin hours right now then?

>>9688415
2 trading fees? He said he transfered 0.02 and the trading fee is 0.01 so he fucking cut his Skycoin supply in half in trading fees (again a fucking retard)

He can only have 4.25m max, 17 - 75% = 4.25
AND he WASTED money (skycoin trading fee) to gather coinhours, which he then lost 75% of IF he sent it all in ONE transaction, even more if he sent sky multiple times to binance.

Conclusion, OP is an idiot, didnt know how the system worked and now he is mad because he LOST money trying to EXPLOIT binance because they didnt set it up properly.
People in telegram are talking about binance banning these exploiters so maybe OPs SKY is stuck on binance and he cant even trade it LOL

>still thinking that these two aren't just devs advertising their worthless shitcoin
At this point I feel sorry for you.

>>9686917
>him and Synth have both talked to me and told me they don't give a shit about the bug

Lol brandon's already a billionaire he doesn't give a fuck

>>9688468
CH are worthless for now, you can't trade them.
As I said using an exploit requires hands of steel, because you can't even dump them in case of skycoin failing to deliver
Let's assume skycoin would do x50 and cost $1000 in 2020. That means than 17m CH would veeeeeeery roughly cost up to $1m. That way yes it's profitable as fuck.
But on the other hand imagine skycoin struggling and failing. You lost half of skycoin stack by doing an exploit, sold the rest low and been bagholding worthless CH for years

>>9688573
CH will be reset before the coinhour market is launched to OP just lost a bunch of money because he did no research

OP you fucked up because now I'm spamming withdrawals too to get those sweet coin hours. I imagine once you guy tons of people spamming withdrawals it won't be worth the effort.

>>9688587
>to
so

>>9686785

You’re a retard. This doesn’t devalues the coinhours the miners would be incentivised by because the net coinhours of the whole system is a constant. You just took coinhours from people who cucked themselves by leaving the coins on the exchanges. No new coinhours were “”””created”””” you colossal economically illiterate faggot.

>>9688592
doing so you're only gifting SKY to binance in order to get CH which will be reset on the mainnet.

>>9688481
>People in telegram are talking about binance banning these exploiters so maybe OPs SKY is stuck on binance and he cant even trade it LOL
>getting banned for withdrawing your own money
That sounds pretty retarded
They'll just increase the withdrawal fee it's that easy

>Steve[sky admin] and sti 123 detected.
Have people been using those miners to generate sky hours? Has the 3 month reset just started today?

>>9688609
There will be no reset

>>9688609
I did around 31 transactions, the first was 10 SKY and each after was around 1 SKY. This is about .31 SKY which is about what $6?

I got 512,387 hours for about .31 SKY.

I don't get why this shit triggers you so much and why you don't just get some extra free coin hours?

>>9688639
>why you don't just get some extra free coin hours?
Because they are worthless as of now.

>>9688616
Its not retarded, just because you can use email to send spam does not mean that you wont be banned for doing so. Binance can ban you if they deem that you have exploited their system which, you have if you did this. Its up to them

>>9688630
>>9688639
So before the coinhour market is live there will be a reset, OP just lost money on fees because he did no research LOL

>>9688683
>exploited their system
>giving them sky in every withdrawal
How the fuck is this an exploit?
Worst case scenario is they raise the withdrawal fee so that it becomes uneconomical to do it.

It's fucking annoying that the devs on telegram don't give a definite answer whether the coinhours will be reset or not.
It's a fucking big deal - does it make sense to hold it in your wallet or would it be smarter to daytrade instead?
All this mess has made me dislike the project a bit.

>>9688699
a bit later the same guy said that he doesn't know whether they will be reset or not.

>>9688710
https://www.skycoin.net/docs/dev-docs/guides/coin_hours/
Yeah, it's kinda screwed up if they don't make it explicit.
Strange that bootlickers like >>9688699
don't have a problem with it

SKY bag holders absolutely BTFO.

I actually feel sorry for you poor bastards, having your trust so utterly betrayed. Don't blame each other, though. Maybe just hold onto the fond memory of that one and only Binance pump.

You retards are so fucking stupid. Aside from their technical use in the skycoin ecosystem, skyhours encourage people to hold onto their coin. Now there's a "bug" that lets you accumulate skyhours from other people if you leave it on the exchange. Now people are going to take it off exchange and hold, like they are supposed to. This results in less "volume". Now skycoin devs and whales have more control on the market volume and can pump and dump the coin for profits (for themselves or to fund the project). Especially since they have a huge waitlist for miners and buyers are trading 1 BTC for 1 BTC EQUAL in SKY.

>>9686746
nice, just bought 100k!

That's potentially the reason why op posted the FUD since in his first post he said he had 150,000 SKY and said that whales are going to pump it to 100$.. LMAO if not larp

>>9688852
It's not FUD, the "bug" is real. Only question is whether current coinhours actually amount to anything because they might be reset.
I think Binance somehow knows they will be reset and is currently scamming us 0.01 Skycoin at a time.

>>9686746
gj op

>>9688895
They're worthless till you can use them to exchange for another coin or till the main-net is live where you use them for bandwidth. It's just a HODL scheme.

>>9688907
I understand, but the devs are talking that the current coinhours may be reset to 0 by the time they will become useable.
So exploiting this bug can either make you quite a lot of money OR coinhours will be reset to 0 and you just waste a lot of time and skycoins on nothing.

>>9688945
Oh i see. Most likely it will be a waste of time. Not sure why OP made both of these posts because whatever position he took, he ruined it.

OP is retarded. Let's break this down...

1. When you receive SKY from a wallet, you get 25% of that wallet's CH. The sending wallet keeps 25% of its CH and the other 50% are burned.
2. Binance holds so much SKY that it is constantly generating thousands of CH, so you should always get a decent amount of CH when transferring from Binance (for now).
3. Regardless, each transfer reduces the total amount of CH in existence, since 50% are burned, thereby slightly increasing the value of the remaining CH.
4. Currently, CH are worthless. They may be worth like a fraction of a cent in the future.
5. When CH become tradeable and have some small value, Binance will simply trade away its excess CH constantly, thereby keeping the supply of CH in its wallet low.
6. Once that happens, you won't get very many CH when transferring from Binance.
7. CH are designed to be inflationary. You're supposed to spend them because they won't really go up in value and you'll always get more by holding your SKY.
8. The fact that you lose 75% of your CH with each transaction is an anti-spam mechanism. If you try to spam the network with transactions you'll soon run out of CH and be unable to send.
9. Everything is working as designed. No bug.

Pic related: It's OP.

Thanks op, how long does it take for ballance to show up in sky wallet? Maybe a sky admin can assist?

>>9689139
Wallet-wallet transfers take 2-3 seconds. From exchange will depend on the exchange's processing time.

>>9689139
Have you not read the other comments in this thread? You will lose money doing this you retard

>>9689152
Yeah it has completed on binance side but sky ballance and hours still say 0. I made sure it went to the right address on explorer

>>9689192
What does the block explorer say? Follow the TX ID from Binance. If the TX has completed then try reloading your wallet and make sure you have the latest version.

>>9689192
Just remember that CH are basically worthless so it's pointless doing this just for the CH. The CH you get are probably going to be worth less than the transaction cost.

>>9689169
>millions of ch aren't worth shit
>but you should hold skycoins so you can generate a couple hundred ch a day it's a great passive income

retardedwojak.jpg

>>9689099
So your basically saying it wont be a problem in the future? Or are you saying my <$5 transactions will never be worth more then $5? if i can get fuckloads more then people staking large amounts by sending small amounts im willing to throw in a few $.

>>9686808
enjoy prison soon ;^)

>>9686765
gib milkies

>>9689201
Yeah blockexplorer says complete +0.01 sky and i downloaded wallet about an hour ago

>>9689241
>hey kid...what you in fo
>$5 worth of internet transactions

This thread just keeps on giving.

>>9689231
There's a guy on the SKY telegram who lost a billion coin hours in one transaction. The number of coin hours floating around is in the trillions. At full supply, the SKY platform will be generating 100 million coin hours an hour, or 2.4 billion CH per day. There will be countless trillions of these things in wallets, so getting a million from Binance isn't a big deal IMHO, it might be worth like twenty bucks or something.

>>9689333
And the whole thing will be reseted at some point, you know, when the consensus start running, there is a main net, etc. OP is unlucky

>>9689247
Restart the wallet, sometimes syncing doesn't finish for some reason

>>9689414
you are sure?
the whole community thinks it will not, so they hodl
maybe by intention from the devs to hold the price high for their otc selling and the neverending ico

>>9689333
- the large portion that will be burned each day

>>9689540
Yes, although Synth says they'll reduce the burn to 20% and maybe eliminate it once there is a functional CH marketplace.

>>9686746

OK, we all know it's a scam. I'd like to help bring it down - what's the exploit? We literally just buy a couple of hundred SKY on Binance and hit withdraw? And what, it remains on Binance but magically a couple hundred Sky hours show up?

>>9689751
It’s not nano kek

>>9689751
You buy any amount on Binance. Then do as small withdraws as possible (you paying the fees), and if Binance wallet accumulated enough skyhours (which you don't know) then maybe they don't find out (banning you) and it works. But also can happen that skyhours are reseted in few months and you lost the money on fees like a retard. And at the end, coin hours will be worth very little and is also not worth it.
Yeah, OP is full of shit, this has been known for months and is irrelevant as of now. When Sky runs its own IDEX and skyhours are finally useful for something, Binance will take the effort to fix it, as it is their fault.

this is the most retarded thread ive ever seen

COIN HOURS ARENT WORTH ANYTHING. ALL YOU NEWFAGS JUMPING THROUGH HOOPS FOR COIN HOURS LOOK LIKE THOSE POWH3D NOOBS THAT LOST EVERYTHING OVER MUH PASSIVE INCOME.

NEWS FLASH - COIN HOURS ARE FOR TRANSACTION FEES, AND WONT BE WORTH ANYTHING FOR AT LEAST ANOTHER YEAR

HE ACTUALLY SOLD THE NEXT BITCOIN BECAUSE HE THOUGHT HE ONLY NEEDED COIN HOURS LMAO

>>9690136
"the next bitcoin"
this was exactly skyscams marketing banners on facebook, twitter and reddit before all you newfags took over here
talk about being retarded
this shit will retrace back to 5 dollars (if even)

>>9690224
there were no facebook banners you noob. the biggest complaint about skycoin is that there is no marketing

>>9690224
you bought the ATH didn't you

>>9690266
there were
>no marketing
maybe for you newfags
there were ad banners all over the internet
leeroy jenkins and rapvideos on youtube to lure in the niggers (retards think they are meant ironic, protip: they are the real deal)
>>9690268
you can't read can you?

SKY was an obvious scam. Thank OP for further clarifying this

>>9690374
post proof then

Once the coin hours become tradeable Binance will just continually market dump their hours every hour that they generate. Why let people get free hours when they can just sell them?

>>9690431
of what?
you can see the yourself i guess?
do you think i took screenshots of the scammy ads back in november? for what purpose?
not my fault you are new
everyone around at that time saw them
everyone from the old btctalkdays knows kastelein and what he is up to
do you even know who is behind sky apart from the lunatic you all admire with his constant price predictions and conspiracy shit?

Wow another fraud coin? Who would have thought

>>9690494

Which dev is the one with the price predictions and conspiracy shit? Thats very vague

>>9690494
ive been in SKY since sept/oct of last year, actually, and zucc knows my browser history is full of skycoin related things, so if those ads existed, i would have seen them.

since you clearly dont have proof of anything, we can all disregard your posts

>>9690562
>>9690431
https://www.youtube.com/watch?v=0gw7KhnrB4k

kek who thought this video was a good idea?

Also in the original you can clearly see that is 150,676

So this faggot isn't the guy who posted the whale thread or he is?

>>9686746
lmao what the fuck is going on in this thread

>>9690559
are you joking?
>>9690562
>nothing to see here gentlemen
lol

>>9690599
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA BITCOIN'S A SCAM
https://www.youtube.com/watch?v=UG7zLhEWanc

>>9690640
the difference is that satoshi did'nt pay for that video while synth financed all the nigger and rapvideos
but since you are a fullblown community (cult)-member, there is no point in arguing with you, you won't hear it anyway

>>9690687
youre more than welcome to post proof of that as well retard

sorry you didnt get in below $10

>>9690741
>proof
>where is the proof
you stupid asshat, synth said it himself
if you were in sky since september, you would know that
just search in the tg channel
so i assume you are lying, some form of coping mechanism maybe, idk

>>9690776
go get it bitch

>so i assume you are lying, some form of coping mechanism maybe, idk
>projecting this hard

>>9690741
and fyi, i got in at 2 dollars and sold at 30 (should have waited for 50, but meh, i wanted out) after i found out about the kastelin connection
so fuck yourself
you are the on larping here, not me

>>9690799
waiting

>>9690787
nigger, everyone early in sky knows that synth bankrolled the videos, that's not exactly a secret

>>9690813
shouldnt be hard to find proof then

>>9690807
for what? you want me to search the tg channel for you and present you a screenshot?
for what purpose? to help some anon asshat who is obviously a retarded jerk?
sorry, i'm not your pa
just search in the channel or call it a day and wank to the memes
idc

>>9690826
cant find it pls help sir

>>9690841
fuck yourself you retard
then just ask in the channel
it's no secret

>>9688481

This right here lol.

>>9687604

Notice OP won't respond to this message gthat actually addresses his FUD. More importantly I think OP might genuinely by schizotypal, there's a lot of manic energy and 'compression' in his speech. Dude seems to have a real axe to grind for god knows why.

>>9688193

Yeah except that those coinhours came from somewhere, this is what none of you cunts seem to realise is that every sky coin is producing a coinhour every hour, if OP wins a lottery and gets 100 MILLION coinhours, that means 100 million coin hours got removed. Which means it got removed from binance, which indirectly means it got removed from the whales keeping their coins on binance.

This is not a flaw, you aren't affecting supply, simply moving some coins from the wallets of careless anons into some lucky peoples hands. It makes no real difference.

>>9690886
everyone in telegram says youre triggered and retarded

>>9690919
lmao
you did'nt even ask
afraid of the truth?
that you are even dumber than the ghettoniggers they wanted to lure in?

>>9690981
>desperately tries to FUD skycoin
>still lurks in skycoin telegram

hmmmm

>>9691017
i just joined and looked if you were saying the truth
you were lying
i think you are also lying about being in early
in fact i think you are one of the newfags who fell for the skycoin shilling which goes on here since quite a while and are afraid of the probability the all the fud may be facts
rather obvious anon; but since you are a community member now, there is no point in arguing with you
so gl with your bags

>>9691156
ya you think a lot of retarded shit, dont you

>>9690918
>he thinks it's ok for poorfags to steal from whales and nothing will come of it

>>9691355
>Paying fees in SKY to "steal" coinhours
>Coinhours reset at mainnet launch
>Fuck

>>9688592
Exchanges will wise up to the practice and balance their sky hours between wallets automatically.

>>9688592
Or they'll just limit withdrawal spamming.

>>9691463
>>Coinhours reset at mainnet launch
unconfirmed and unlikely because whales have been accumulating

>>9686746
100k+ will be 1 SKY if you do the math... You didn't do that much

>>9691463
Fees are paid in coinhours themselves.

>>9691798
And once the coin hours are tradeable the exchanges will just dump their hours every time they generate some.

Exchanges will probably use coinhours for promotions and contests and stuff instead of just dumping them, more efficient.