people just mad cause they invested places where other people will have their BTC during halving
Meanwhile, i am already lining buyers for he 9th for my ROI and holding rest for atleast 6 months, maybe 12
I haven't been following this thread, what happens the 9th?
ya liskhq had it.
after the 9th keys are locked as per that blog post, so feel free to get your ROI
(or GTFO if you wanna make your quick flip and get the piss out the thread/project)
meanwhile, holders in "other icos" (i dont play the name game) will just cry as btc hits 475, 500, 600?
and the "devs" have all their btc , and their forced to scramble to slang the tokens they got in return to try get some of that sweet sweet king btc back! haha too funny imo
worst thing is being forced to sell an investment early due to the profit of btc, or needing cash irl, and those icos are gonna make people do just that ;(
how can we get out on the 9th just because keys are locked.. I'll happily take the 30x premium on yobit. lol
Yeah how would that even work on the 9th?
You would need a trusted escrow to hold the BTC and the Lisk passphrase until launch. He would have to verify the passphrase has the correct amount of LISK to complete the transaction.
why ? could one not just give them the private key/seed?
or does the problem lie in VERIFICATION of said key to hold said amount of lisk?
meaning theres still no public database to check even public addies? and wont be by 9th?
meaning in theory it still not really safe to sell them as its a double deposit escrow type-thing and still we wuld have to wait till 24th for verify?
which one could be doing right now if you think about it....
shitty.... ;(
so what does the 9th blog post even mean then if what above is true?
I would suggest reading more on how brainwallets work. In the case of Lisk,
your passphrase IS your wallet. Brain wallets do not need the users to keep anything in a safe place and you are still able to recover the private key. Instead of storing the private key and protecting it, it is stored inside the passphrase itself. Note that since brain wallets use the hash directly as the private key, the security of storing private keys now depends only on how unpredictable the passwords are. This is the reason BIP 39 Mnemonic passphrases were enforced.
Also, the May 9th blog post is for the team to have ample time to test the genesis block and have everything run smooth prior to launch.
You can read more here:
https://blog.lisk.io/lisk-ico-passphrase-generation-validation-deadline-461a012d11ce