Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 1663. (Read 3074324 times)

150k max? didn't you say only two or three weeks ago that the reward could be up to seven figures annually?

The rewards will not go really high.  The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.  The more and more people who vote for you, the smaller and smaller their share of that 150K is going to be.  The more successful you are at getting supporters, the more unhappy your supporters will be.

Yo, that's Lisk, baby.

I think it is good that the delegate reward and motivation is getting a good public discussion.  I am biased because I want to be a delegate.   Because of that bias, I will never say anything negative about those who want to set up nodes that would share their reward with others somehow.  Good luck to you.  

As for more delegates - 1001 instead of 101, to spread the wealth around - that ain't gonna happen.   Lisk has a 10 second blocktime.  There is a limit to how many delegates you can coordinate worldwide in 10 seconds, and that number is around 101.

Here is the key point that needs to be at the center of all delegate reward discussions:

TANSTAAFL = There ain't no such thing as a free lunch.  
TANSTAFFL = The computers that run Lisk have got to be paid for somehow.

If Lisk were a start-up business there would be this huge 500 page IT plan about how many computers to get, and what kind of bandwidth, and what kind of support services to buy, and growth projections, and parts lists, and on and on and on.  And oh, yeah, a budget.

Lisk is not a startup business and there is no master IT plan and no budget.  We are making this up as we go along and we are less than 90 days in.

Initial indications are Lisk is gong to be a BIG DEAL with LOTS OF GROWTH and LOTS OF TRAFFIC.  That means some big-ass computer power in the back room.  That's gonna cost big money.  Big money in year one, and probably bigger money in year five when the rewards are only 20% of what they are in year one.  How much money will be needed to run all these servers and support systems like DDoS firewalls?  Nobody knows.

When you are talking about "delegate rewards", you are talking about "how to pay for the Lisk computers".

Max had to make a wild-ass guess on how much resources / Lisk / money to pay for the Lisk computer / delegates.  He came up with the "150K Lisk rewards per delegate in year one, tapering down to 30K Lisk in years five and beyond" plan.  Will this plan throw too much or too little resources / Lisk / money at the required computers and the people / delegates that run them?  Probably.  Is this a problem?  That depends.  

Community, err on the side of paying delegates too much over too little.  Paying delegates "too much" means the community may grumble, profit-sharing delegates are voted in, and Lisk continues.  Paying delegates "too little" means the delegates quit, the computers stop, and Lisk dies.

https://fdcservers.net/fdc_order/index_5.php?plan_id=726 that one in particular seems to be popular with a few folk.
lol true but so is calculating the value at $10 per lisk

Oh and some people are discussing purchasing $500+ month servers for lisk nodes.