**EOT - Encryption of things**There is a huge surge in devices attached to the internet, known as the Internet of Things, and it is estimated that over 80 Billion devices will be connected to the internet by 2025, from industrial machines to devices in our home. The constant hacking and cyber attacks have increased not only the demand but the necessity of secure solutions. Our privacy and digital footprint are at risk.
How will skywire stop centralization such as massive skywire node forwarding servers, like with the current internet?There will be more competition between pools in Skycoin than there is in Bitcoin. If that problem occurs, then we will deal with it, we have strategies and models in place to handle this potential scenario.
How will it stop whales building humongous skyminer pools in massive cities such as New York that will forward all the nodes in that city?If a whale wants to come in and invest 1 billion dollars, to take control of the internet service for a whole city, then it will only make Skycoin grow faster. If it becomes a problem like what is happening for Bitcoin right now, then we have plans in place to handle the issue.
How do you solve mining for bandwidth? What is to stop an attacker putting two routers next to each other to print money?This is of the reasons why Skycoin will work and we do not think we have any viable competitors. We know how to solve this problem.
Since the people using Skywire resources depend on those resources to report what happens to the outside world, how do you stop adversarial actors from defrauding users using information asymmetry between the users and the blockchain? How do you do this without an enormous amount of overhead?Adversarial actors are a major problem in any system where anything of value is concerned.
Why did you use Orange Pi’s, that have their NIC on a USB 2.0 bus, for the hardware in the Skynodes?Ideally, for security, the NIC should not have DMA (Direct Memory Access). USB 3.0 is a nightmare. USB 2.0 is bad and USB 1.0 is actually better (more secure, but slower).
What is to stop the cable lobbyist and the FCC who have already proven they will go against the will of the people from banning skywire? Couldn't they stop people from getting access to the backhaul and outright outlaw the entire concept? When I asked on the Telegram everyone dismissed the concern and said 'its impossible to stop us, look at the darknet'. And while that is true, for skywire to work don't you need widespread normie adoption? What percentage of people would actually run this if they banned it?There are many, extremely wealthy and powerful groups that are being squeezed out by the FCC and the internet monopolies. There are some surprising large and powerful players that will support (publicly or clandestinely) any project that gives them some breathing room from the telecom squeeze out.
Do you have an estimate for when coin hours will have value and be tradable?We are working on getting the exchange up, but it will need to wait until the testnet. First we will make coinhours tradable, then we will open them up for exchange.
How, in simple terms, do coin hours prevent spam?The more they spam, the more scarce and expensive the coinhours become. If someone spams or attacks Skycoin, the Skycoin price will actually go up.
On telegram you wrote coin hours are meant to be volatile if I'm not mistaken. Will this be a problem in the future?It depends. By shuffling volatility from Skycoin, to the coin hours it makes Skycoin more valuable as a store of value and as a currency for transactions.
Are there any more coins launching on skyledger soon you can talk about?Kittycash.com, mdl.life, SPACO, solarbankers.com, and more...
Will it be easier to launch coins on skyledger in the future? Any other skyledger updates?Yes. We have a script now for launching new coins!
Synth mentioned months ago in the telegram chat that Obelisk was still in development, when and how will the algorithm be tested and release? How are the actual transactions validated if obelisk is not the algorithm used?We have done several simulations. There are several peer reviewed academic research papers published about it. There are open source simulations in the github repo.
What's in store for Skycoin this year?To many things. Everything. All at once. Its crazy.
Where do you see this project in 5 years, where in 10 years? (What is your long term goal?)We are moving so fast. I could not imagine that we did as much as we have, in such a short time. I cannot even keep up with how many things are in development now.
How long before I can buy a coffee with Skycoin?As soon as I buy a coffee shop, lol.
When the community try to bring more people to skycoin, specially those with big money, we have to face the fact that the time locked distribution is not auditable (or it is?) is there any strategy to calm the doubts about the distribution method (the developers hold the majority of the coins/ are the only ones able to mint coins)One of the advantages of blockchain is that all of the transaction are public. So the distribution schedule is auditable. Skycoin’s distribution is completely public. The distribution addresses are also public. So it is very transparent.
In your blogs you are talking about the possibility of a ninja announcement that burns 80% tokens. That means it will be only 20 mil sky. So, in which circumstances devs would do that?If we can find a closed loop, economic model for Skywire, that does not require a 15 or 20 year distribution period. Then we will burn the coins. Then the distribution would be capped at 30 million instead of 100 million.
In your opinion, what is the best exchange for buying Skycoin right now, and why? And on what other exchanges will Skycoin be listed, and when?C2CX is good. Cryptopia is also good but withdrawals are slow.
Will the Kittycash platform be advertised across cat loving forums and the like?LOL.
What will the value of legendary kittys be in 2019?People are spending 1 or 2 Bitcoin per legendary kitty now. Kitty Cash had to stop selling legendary kitties, because fifty people were trying to buy each kitty and too many people were trying to buy them at once.
When will SKY be listed on new exchanges?We were listed on four new exchanges this month. Wolfcrypto, Next, and two other exchanges. I cannot even keep track of it.
One aspect that has evolved with the progressive growth of the decentralized finance sector (DeFi) is the possibility of using bitcoin on other blockchains, such as Ethereum, and being able to manage them with tokens that simulate the related supply: we are talking about tokens such as wBTC, tBTC and pBTC.The basic concept is very simple: you send your bitcoins to an address generated by a ... So you’re paying for a top-flight network connection, and your router isn’t locked away in your TV cabinet, but your connection is still sluggish. You might simply need to update your router ... Unlocking your modem is more of a transformation process – You are taking your modem or router which was in chains and setting free to roam any and all SIMs without any restrictions. Modems and routers can be unlocked because they have a base manufacturer which are Huawei, ZTE, and the likes. In reality, it is not a safety notice but a modern way to snip your private information (passwords etc.). Upon clicking the safety alert, the bot will lead you to a URL requesting you to provide your password to guard your wallet. Secure your wallets by not engaging in bots, as they intend to steal money. Hence safeguard your slack channels. Denis Baykov, a Russian man who worked at a government-owned power plant, has been fined for running an illegal Bitcoin mining operation at work.
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