/biz/ - Business & Finance

[Anonymous No.10726996]

SCAM ? WHY DID IT DUMP SO HARD?

[Anonymous No.10727017]

muh internet 3.0 made up entirely of neets with raspberry pi's glued together inside a metal frame

[Anonymous No.10727039]

>>10727017
I was trying to figure out how it all works and they banned me from the telegram. Any coin that bans people from telegrams when their not trolling is a scam to me.

[Anonymous No.10727096]

>>10727039
I mean, does anybody seriously believe they can have any chance of successfully pulling off their pipe dream of a “decentralized internet” by putting boxes of orange pi’s with antennas attached? The delusion is so fucking massive!

[Anonymous No.10727223]

>>10726996
>>10727039
i'm still getting my miner rewards desu. what questions did you have? much better to ask in the skywire as opposed to the skycoin tg. main tg channel has facist mods lmao

[Anonymous No.10727247]

>>10726996
https://www.youtube.com/watch?v=wG9Q3xzSPdI

What do you want to know?

[Anonymous No.10727264]

live and learn fag
thankfully i only put 12 dollars in

[Anonymous No.10728204]

Its taking off

[Anonymous No.10728272]

>>10727017
Try to find a better way to store and transfer data for $600.
>800mbps upload/download
>16gb ram
>128gb storage
>800+ mbps read/write
>8 core 64 bit arm

[Anonymous No.10728291]

>>10728272
any decent PC

[Anonymous No.10728321]

>>10728291
>800mbps upload/download
>800+ mbps read/write
>$600

lol, nope

[Anonymous No.10728336]

>>10726996
>dumping

[Anonymous No.10728416]

>>10728321
any $30 network card achieves that speed. A $100 ssd triples that rw speed. You are a fucking brainlet

[Anonymous No.10728427]

>>10728416
>using an ssd for constant read/write operations

[Anonymous No.10728467]

>>10728416
Normal SSD does about 300mbps, you could buy three and run them in raid0 to get to that 800mbps but then you're pushing over $600 easy, lol. Care to try again? :)

[Anonymous No.10728520]

>>10728467
>samsung 950 pro
>2200 MBps read
>900 MBps write
>256 GB
>$200

[Anonymous No.10728525]

>>10727223
I want to buy from 15$ down to 5$ if not for kidnapped joow, the pipe dream if not for the joow

[Anonymous No.10728549]

>>10728467
never post again you fucking cuck

[Anonymous No.10728550]

>>10728520
Your motherboard sata port maxes out at 600mbps.

Unless you get one of those fancier newer motherboards with the sata on the board, then you're still pushing over $600, lol.

Don't forget the ram and an eight core cpu and a networking card.

[Anonymous No.10728565]

>>10728550
its nvme you retard it uses m.2 which uses pci-e not sata. Try again skyfag

[Anonymous No.10728568]

>>10728549
That's a funny way to ask to see some miners.

[Anonymous No.10728597]

>>10727264
12 dollars

[Anonymous No.10728598]

Oh this is a shill thread now?
Shill me how a 7 year old project still doesn't have a consensus algorithm?
You know, the bit that makes a cryptocurrency work?
The whole point?

[Anonymous No.10728622]

>>10728550
>one of those fancier newer motherboards

*Faggot Alarm goes off*

[Anonymous No.10728629]

>>10728598
It’s just like how you don’t have a cock

[Anonymous No.10728631]

>>10728550
got awfully quiet now eh? >>10728565
enjoy those shitberry bags faggot

[Anonymous No.10728654]

>>10728598
Explain this, Skyfags.

[Anonymous No.10728660]

>>10728629
lol
>no consensus algo
>No blockchain
>shit devs
>devs hold almost entire supply
>devs dumping on tg cucks

[Anonymous No.10728718]

>>10728631
Just helping you fellas out with a parts list, it takes a moment to google a few things. Thank you for clarifying m.2, I couldn't remember off the top of my head.

>decent motherboard with m.2 $100
>samsung 950 pro $200
>processor $100 (unlikely to be as useful as 8 threads for dapps)
>16gb ram $150
>ethernet card $50

And that's without a box to throw it all in and whatever. There's still a few minor issues like on board bottlenecks, replaceable parts, constant read/write action, upgrades and modular ability, backdoors and vulnerabilities in intel/amd processors, etc etc.

[Anonymous No.10728726]

>>10728718
Oh, also PSU, that's another $70, lol.

[Anonymous No.10728749]

>>10728718
the ethernet card is included in most motherboards these days, when was the last time you built a pc brainlet, 2008? i can build something faster and cheaper than your shitberries and i can actually use it for useful stuff unlike your crap thats generating a dying shitcoin that wont even ROI. Kys skyfag

[Anonymous No.10728787]

>>10728749
Two months ago, I'm freelance IT.

That miner cost is highballed, by the way. You can barebones 8 orange pi primes and the other components for around $400 if you really try.

Why don't you give it a shot? It's lots of fun. You could even build your own system that you're proposing and run it on the mainnet, it probably will earn a bit less than mine but it'll still earn ;)

[Anonymous No.10728794]

Only for that will save sky is team up with Elon musk satellite Internet free for everybody

[Anonymous No.10728801]

>>10728787
i build mining rigs and actually ROI, no time to waste with your shitberries and fagcoin, need more gpus

[Anonymous No.10728811]

>>10728660
It's amazing, isn't it? Getting in on the ground floor of a project like this. I feel like I'm buying Bitcoin in 2013 again.

[Anonymous No.10728823]

>>10728794
Please learn speaking typing before when posting

[Anonymous No.10728837]

>>10728801
Aaah, I get where you're coming from then. A platform that moves away from proof of work must be very threatening to your livelihood, sorry :(

The good news is that the knowledge that you've built doing that is a good stepping stone in to building wifi antenna equipment, which is actually useful.

[Anonymous No.10728839]

>>10728660
Just saying things again eh?
How cool

[Anonymous No.10728848]

>>10728837
your little project will be dead in less than 2 years faggot. Meanwhile PoW will be going stronger than ever. Enjoy those bags

[Anonymous No.10728862]

>>10726996
dunno. but i bought 1000 for $2 so i don't really care, i'll let the people who paid $40 worry about whether its a scam.

[Anonymous No.10728864]

>>10728848
hahaha, yes, I'm sure the PoW market, which has been cornered into 51% consolidation is going to be alive and well in the forseeable future.

let me guess, "high operator fees on Ethereum and EOS are also very important to the sustainability of distributed computing", says the PoW miner, hahahahahahaha

[Anonymous No.10728881]

>>10728864
>cuck has to get whitelisted by team to add nodes
>barely making $100 per month
>meanwhile im running a farm making $3200 per month and planning to expand, have ROI multiple times. I can switch coins whenever i want, you're stuck with your shitcoin and depend 100% on it.
again, enjoy your little berries cuck. Real men do PoW and make actual money

[Anonymous No.10728895]

>>10728811
>>10728839
Here is steve dumping on your heads.
Market selling very obvious 50k chunks because he doesn't give a fuck and he knows you wont even notice.

[Anonymous No.10728903]

>>10728881
If you're resorting to "look how much money I make" when the other guy is talking about the future trajectories of these projects then I think you've lost the argument, homes.

[Anonymous No.10728924]

>>10728881
Well duh, it's a test network, not the real deal. Of course it's controlled and limited.

I live in the direct center of the US though. My network of antennas and nodes will be the cornerstone of American Skywire traffic. $3200/mo is like 200 monthly users on my network. I'll be serving literally thousands, hahahaha. YOU ARE BABY HOTBOX MINING BOY OHOHOHOHOHO

[Anonymous No.10728943]

>>10728895
That's a real nice image you made, I like how the red stroked box provides investigative evidence of a developer cannibalizing their own project.

[Anonymous No.10728984]

>>10728943
The evidence is in the charts.
The charts, and the fact that there are no controls whatsoever on the supply. 100 million coins, but 10 million "circulating". How do you know? How do you know it's not 1 billion? How do you know there aren't infinite coins?
A cryptocurrency that doesn't have a consensus algo, that doesn't have a blockchain, that doesn't have any publicly auditable leger of TRANSACTIONS -- and don't link me some random unsourced list of numbers on the fucking website lmao -- and where the devs hold the huge majority of the supply unlocked?
Yeah, those dumps are pretty fucking suspicious my dude.

[Anonymous No.10728988]

>>10728272
Hahaha you seriously think a protocol that needs 8 pis can’t run on 8 virtual machines in Linux box? And you think the 8 pis would outperform? That’s like hiring 8 children to lift boxes instead of a single grown man. Sure it’s a little cheaper but so fucking inefficient.

[Anonymous No.10728993]

>>10728984
You just described literally every coin on the market that hasn't provided proof that they've locked up the core repositories of their coin and thrown away the keys.

That's like 99% of crypto projects. All susceptible to dev backdoors that were built in to begin with or can be added with ease.

[Anonymous No.10729007]

>>10728988
Go look up the specs for an orange pi prime.

This isn't a game of heavy lifting, it's who can be the most agile. The box full of single board computers is the most agile by far for the price.

[Anonymous No.10729044]

>>10728993
>You just described literally every coin on the market
No. Wrong.
Actual good products like BTC and ETH obviously are publicly auditable, but even shitter projects like bitcoin private, or even a lot of literal scams have working ledger functionality.
Because it's so fucking basic.
Skycoin is devs are exceptionally shit and lazy even by the standards of crypto scams.

[Anonymous No.10729062]

>>10729044
>yeah guys, trust us, we have the keys behind the counter but really, we don't touch anything in the safe or open it ever

Anyway, you'll be right if they don't implement or make up excuses Obelisk but that's a bridge yet to be crossed. My point still stands about other projects being able to be easily tampered with in the same manner you're describing for Skycoin.

[Anonymous No.10729065]

BECAUSE ITS A SCAM RETARD

[Anonymous No.10729075]

>>10728924
THis makes no sense. Other decentralised testnets exist and aren’t controlled by the devs. What makes you think sky’s mainnet will be decentralised when their testnet isn’t?

[Anonymous No.10729121]

>>10729062
> if they don't implement or make up excuses Obelisk but that's a bridge yet to be crossed
It's not a bridge, its a chasm. No coin has managed to securely and reliably implement POS yet and that's a relatively uncontroversial and well understood system. That some low IQ scam artist (who claims to have at one point worked for Thomson Reuters but calls it "Thomas Reuters" -- holy fuck kek but whatever) would have secretly come up with a perfect mind blowing system totally out of the blue is a literal impossibility.
And you're really underestimating how important it is for REAL cryptocurrencies that they have unarguable and publicly accessible records of transactions. It's basically the whole point of crypto.

[Anonymous No.10729136]

>>10729075
Because the only reason they're manually whitelisting nodes is so that 100,000 useless nodes don't pop up in New Delhi overnight. Waste of time and energy and doesn't provide useful data for the network.

Distributing coins to pajeets that will simply dump them and turn off their Pentium III miner made out of old call center PCs isn't useful either.

Mainnet will be marked by the start of metered earning, which means anyone can throw whatever shitbox they want on the network and those that decide to use their 2004 Dell laptop won't earn much.

[Anonymous No.10729160]

>>10729121
>it's basically the whole point of crypto
Yeah, I wonder why the entire market is collapsing right now with all this cryptographic trust.

You're right though. I very much concede that we have no clue what they're cooking up or how it will work at this point. The defense given is that there's copycats out there so they're being strategic about it.

[Anonymous No.10729162]

>>10729007
My guy. I’ve been developing on rpis since before you’ve heard of crypto. You were just bragging about big numbers and now it’s about being “agile” like what the fuck does that even mean? Code is code, and it runs on good hardware or it runs on shit hardware. If the skyminer was an asic or an embedded SoC it would be different, but on general purpose single board computers? Are you retarded? Do you know anything about computers at all?

[Anonymous No.10729182]

>>10729160
Dude, what are you not getting about this?
To have a ledger of transactions that is trustworthy and publicly auditable is literally the whole point. It's the foundation. The most basic building block.
If you don't have that, you don't have a cryptocurrency.
Skycoin is a scam.

[Anonymous No.10729200]

>>10726996
one of the biggest vaporwaves out there

[Anonymous No.10729203]

>>10729162
I know plenty enough to get by. Big time, the best tech I've got in my office, the best. Absolute best.

He started out with weird analogies about children lifting boxes or some stuff, so I tried to help out. Multi thread ability over raw processing power. You can move more boxes around in more directions at once with eight child slaves than you can with a full grown guy.

What do you think about that analogy now, old man? Show me your basement full of beige computing equipment.

[Anonymous No.10729243]

>>10729182
Yeah, I'm saying you don't get just how few projects actually have that, lol. Your entire world is built on christianesque faith.

I mean, Bitcoin maybe has that because it's the OG coin. Imagine Vitalik wanted to do the same to ETH. Open repo, add secret backdoor commits, fuck with ledgers, rinse, repeat, remove secret backdoor.

Point is he still has the keys. They all do.

[Anonymous No.10729259]

>>10729203
First of all that was me, on mobile so the id changed. Secondly, you’re done. You’ve let slip that you’re full of shit. Multithreading is done on a single core. Literally look up multithreading, it only talks about single processors. Don’t act like the skyminer is some advanced parallel architecture that needs 8 pis for a non-scam reason. Every desktop nowadays is quad core. And cryptography sucks ass on cpus which is why we have gpus and asics for mining. Get fucked.

[Anonymous No.10729296]

>>10729243
>Imagine Vitalik wanted to do the same to ETH. Open repo, add secret backdoor commits, fuck with ledgers, rinse, repeat, remove secret backdoor.
What a load of absolute bullshit. Your scamcoin bags must be immense.

[Anonymous No.10729307]

>>10729259
Here's the cool part about having eight computers in a box: when one locks up or fails the others keep working. You can run eight different applications with a higher rate of success and fewer cpu distribution issues. It also breaks some information up in to eight different areas, which makes monitoring and bad actors' jobs much more difficult.

You might be right in that the difference isn't that huge but really that argument just cycles back in to the price/performance discussion, which that other guy lost.

[Anonymous No.10729318]

>>10729296
>looks at eth's price
Lol, I bought sky at $2, I'm in a great place. Can you say the same about your $800 eth bags?

[Anonymous No.10729329]

Do you really think Google would keep millions of servers in giant data centers of they could be replaced by Raspberry Pis?

[Anonymous No.10729330]

>>10729307
Fuck dude you fell for it way too hard, there’s no helping you. These things aren’t servers. Disks fail frequently. Cpus don’t have moving parts. You think there’s 8 pis for redundancy? Hahahaha.
>diy miner! Build your own glorified router! Feel like a hacker!

[Anonymous No.10729332]

ahh the sky shilling again, heavy bags?

[Anonymous No.10729340]

>>10729307
>8 different areas
LOL
>He doesn’t know about virtual memory
>He doesn’t know about partitions
Yeah if a hacker can get into one pi, the rest are still safe because they’re on separate boards. RIGHT.

[Anonymous No.10729347]

>>10729318
Ethereum Enterprise Alliance:
Accenture Banco Santander SA Bank of New York Mellon BlockApps, Inc. CME Group ConsenSys AG IC3 Intel JP Morgan Chase Bank, N.A. Microsoft Nuco Inc.

Skycoin Enterprise Alliance:
Synth
Steve
6 telegram bagholders

No ledger, no consensus, no money, no devs. Nothing.

[Anonymous No.10729351]

>>10729330
Right, they're single board computers meant to be decentralized. I never said anything about moving parts. Adjust those bifocals gramps ;)

Providing routing is the primary role of this botnet of Skyminers, the next role is that they also provide computing for other aspects of the Skycoin ecosystem, like CX applications, CXO storage and blockchains on Fiber.

[Anonymous No.10729358]

>SKYcoin

Can you come up with a more retarded scammy name?
Hint: you can't

[Anonymous No.10729368]

>>10729340
Yeah, all that shit bottlenecks.

There's nothing stopping you from making whatever alternate system you want on mainnet. If you find a better way to perform the tasks that Skywire asks of its operators, you'll be rewarded for it via metered incentive.

[Anonymous No.10729381]

>>10729358
Better than the one that sounds like hollow.

[Anonymous No.10729806]

Skycoin gets shit on so much for having a long distribution model. Do those that throw this criticism only hold PoW coins? It bothers me how no one even questions these ICOs selling 50% or more of their supply to speculators that have no intention of helping build the product or the community. Although I do believe the team is primarily at fault as they haven't done enough to inspire confidence given recent events.

[Anonymous No.10729826]

>>10729806
Its "distribution model" is:
devs do no work
hold all the coins
dump at will on tg bagholder "marketing team" and chink whales

[Anonymous No.10729907]

>>10729826
Thanks for the warning robinhood. I'll take your word for it :)

[Anonymous No.10730176]

>>10729826
>devs do no work

https://github.com/skycoin

Now McFuckingKillYourself

[Anonymous No.10730452]

>>10729907
You don't have to take my word. The thing about crypto is you can check it yourself.
>>10730176
What do you think this shows, anon? It's bs busywork code. There is no consensus algo there.

[Anonymous No.10730491]

>>10730452
Talking about moving the goalposts, you said the devs so no work, he showed you their Github, with one of the most commits in crypto now you talk about the consensus algo

[Anonymous No.10730522]

>>10730491
Yes anon. This might take a little thinking but you'll get it eventually.
The devs do pointless work to make it look like they're busy so they can fool brainlets who can't read code.
It's a very basic principle of scamming.
Think of it like a medicine man selling bottles of sugar water instead of medicine.
>but anon, it can't be a scam... look at the bottles!

[Anonymous No.10730535]

>>10730522
prove it pajeet

[Anonymous No.10730592]

>>10730535
Prove what? There is no consensus algo and no blockchain. It is not a real product.
They don't even deny this.

[Anonymous No.10731707]

>>10728598
>>10730452
There are only 2 consensus algorithms in the world today, POW and POS. DPOS is just a variation of POS, so it does not count. Developing an entirely new consensus algorithm is something that takes time, and when its finished, it will be the most valuable innovation in crypto.

[Anonymous No.10731985]

>>10731707
Exactly. Which is why the chance of two incompetant scam artists with no money, no devs and no researchers creating one is roughly zero.

[Anonymous No.10732114]

>>10731985
explain this then.
Ranked #1 out of selected projects by @jimtalksdata
https://twitter.com/jimtalksdata/status/902333935983751173
Ranked #13 out of 864 for project activity on cryptomiso.
https://www.cryptomiso.com
Ranked #19 out of 2341 by developer score on Coingecko.
https://www.coingecko.com/en?sort_by=developer_score
Check development progress yourself by viewing the Skycoin Github.
https://github.com/skycoin

[Anonymous No.10732123]

>>10726996
because sk(am)coin

[Anonymous No.10732253]

That block of text is hard to read, anon:

>Ranked #1 out of selected projects by @jimtalksdata https://twitter.com/jimtalksdata/status/902333935983751173
>Ranked #13 out of 864 for project activity on cryptomiso https://www.cryptomiso.com
>Ranked #19 out of 2341 by developer score on Coingecko https://www.coingecko.com/en?sort_by=developer_score
>Check development progress yourself by viewing the Skycoin Github https://github.com/skycoin

[Anonymous No.10732284]

>>10726996

It’s pumping, not dumping. Still the biggest and most obvious scam in all of crypto.

>fake kidnapping scam
>1 BTC price for a $400 Raspberry Pi morning rig when BTC was near $10k
>fake antenna that doesn’t even look like it works and physically can’t
>Telegram bans people for asking basic questions
>CEO insists on potential partners calling him “Synth.”
>Manipulates GitHub to look like actual development is done when there’s no blockchain or even a basic consensus algorythm after 7 years
>Constant obvious Pajeet shilling here, including the reverse shilling in this thread when it pumps

If you are still retarded enough to fall for this scam, there is no helping you. I hope you’re an incel so evolution can weed you from the gene pool.

[Anonymous No.10732505]

>>10730522
+7 fucking years scamming.

>>10732284
>fake kidnapping scam
There is as much proof from you to say it was fake than from me to defend it. Want to keep this argument?

>1 BTC price for a $400 Raspberry Pi morning rig when BTC was near $10k
Correction 1 BTC for $600 Orange, no Raspberry Pis, and not when BTC was near 10k, but since December until today, and as you know, the price of BTC has changed. And you always get back Skycoins in the price of the current BTC, so you can always hodl or sell and recover. Then in a few months you are making extra profit from mining.
>fake antenna that doesn’t even look like it works and physically can’t
They are protos and CGIs, what the fuck are you talking about idiot. Directional antennas exists, as well as Internet through radio
>Telegram bans people for asking basic questions
Lol you probably deserved it
>CEO insists on potential partners calling him “Synth.”
How do you know that, where you in any private meeting or something?
>Manipulates GitHub to look like actual development is done when there’s no blockchain or even a basic consensus algorythm after 7 years
Do you think Binance would allow a coin with no blockchain? Any non common blockchain (BTC or ETH based) is deeply tested by big exchanges, for your information. And the repo is not only about the blockchain: I consider more important Skywire and CX language. I see no fake work on github, can you point how what? Hell, even today they released the official mobile wallet https://medium.com/@Skycoinproject/official-skycoin-mobile-wallet-announcement-55fe0bac6cfa
>Constant obvious Pajeet shilling here, including the reverse shilling in this thread when it pumps
I can call you paid Pajeet fudder too, now defend yourself

[Anonymous No.10732537]

Their lawyer is John Babikian's lawyer. I hope you faggots do your research before buying into a money laundering scam project.

[Anonymous No.10732558]

>>10732505
muh dick

[Anonymous No.10732561]

>>10732505
inb4 change the subject instead of a straight answer.

[Anonymous No.10732572]

[Anonymous No.10732591]

>>10732284
yeah but why skycoin keep delivering tho

ANDROID WALLET JUST RELEASED

>#skycoinkeepsondelivering

[Anonymous No.10732605]

>>10728272
>26 posts by this ID
They must be paying you a whole skycoin per thread.

Make that money bro.

[Anonymous No.10732624]

>>10726996
Mobile wallet released today. It's still the most advanced blockchain 3.0 / decentralised internet / crypto platform to date. See you at $300

[Anonymous No.10732632]

>>10732572
Some day, green texts will be proof of things, but we are not there yet.
I remember how we trolled reddit with the israeli guards pics, saying that Synth joined Isis. Not gonna point out the rest of things out of context.

https://blockchain-trust.com/cryptocurrency/beware-skycoin-scam-ceo-synth-says-he-joins-isis-and-posts-proof/

[Anonymous No.10732640]

>>10732605
I'm building fucking wifi antennas in my garage, you don't think I have time to shitpost?

[Anonymous No.10732651]

>>10730452
They have frequently stated they would be showing the consensus algorithm publicly until its finalised and main net is fully deployed. Otherwise some chinks could just steal the code and rebrand it as something else

[Anonymous No.10732696]

Stay poor, faggots. I'm actually really pissed it's mooning already. I was gonna accumulate a bit more. At least I'm whitelisted

[Anonymous No.10732735]

>>10726996
I told you brainlets it was going to dump. Why didn’t you listen?