Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 1666. (Read 3074324 times)

I was referring to seven figures in dollars, depending on how many dollars one Lisk is worth.  The annual forging reward for a delegate is fixed at 150K for year one.  If Lisk becomes worth $7 per Lisk, then a delegate reward for year one will be Dr. Evil's One Million Dollars.  And a little change to buy a nice car.

After paying for all those server expenses, of course.

lol yeah, at $10 a coin in the future    

each delegate will theoretically earn 150k lisk in a year.  What the value will be can be anyones guess.

Everyone in the 101 earns the same amount of lisk per year as long as the node is up 100% of the time.

If you are doing a Profit sharing Delegate where those who vote for you get a share of the lisk, that would mean that they are getting less and less as more and more start to vote for that delegate.

Please prepare it, it's important! I'm interested in this as well.

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

I can prepare one if you want. I would release it shortly before launch.

I mean the faucet rewards. Every little bit helps. The faucet won't only be available for voters. I know you're not a big supporter of projects who run for active delegate, but I think it is good to remember those funds can get used for great initiatives.

mal is doing a good job.  Better than I could do lol.  And remember, It's all VOLUNTEER work from him

I think it would just end up being to hard trying to get real info from people on PM's. still no way to verify unless they send in ID's or something.


I don't think you will have to worry.  I'm sure you will make it as a delegate!

Over the past month, I'm not just sitting here twiddling my thumbs.  I'm keeping track of who I am going to vote for.

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.

"by obtaining background information" - so also ask, and if it doesn't match up with the "background information" it's an indication that something may be 'off'.

i try hard not to see myself as merely a Lisk bag holder. i worked on a node for two weeks using Phoenix1969's notes, Joel's Academy guide, Mal's 'cheat sheet', and i'm now preparing to try Phoenix's latest YouTube video. wish me luck ;-)

The way things are going we're 1 to 2 updates away from the Lisk launch.  So between 9 to 19 days away.

We need time to see how the network runs after each update. There is a lot of information to be learned on the
https://lisk.chat/home

Make sure to ask after mainnet launches for donations for your lisk faucet.  I'll donate some at that time.

Great, thank you! If I'm a delegate, the rewards can go really high. My main goal is to give back to the Lisk community.

Is there a simple, (ELI5-esque) explaination of the differences between Crypti and Lisk.  I know the brief history of the two.  Specifically, what I want to know is when the original Crypti project was forked, what improvements and changes were made to make Lisk a different coin?

Interesting idea.   If I PMed 1200+ people and asked straight up, I wonder how many "Yeah, I set up a bunch of 2016 newbie BCT accounts and I'm currently running four testnet nodes under four different names" responses I would get?


I very much agree with this point, as I expressed below before making several major posts trying to get more people to show up for testnet delegate duty:

why would he do that?  It's not him that has to show that everyone else is motivated.  It's up to YOU if you want to become a delegate to become proactive.  It's not Mals job to seek you out and see if you are ready for the challenge.

If anyone wanted a delegate spot all they had to do was hang out in the chat room every day and I guarantee you would have had a 101 delegate spot because you have been promoting and gaining support the whole time. 

If you are complaining now then you are in the wrong.  EVERYONE had a chance to do this and it's nobody elses fault but your own if you do not get selected as a delegate. The first 2 weeks after the ICO there were literally less than 50 nodes up so ANYONE had a chance if they were interested in lisk enough.

just my 2 sat.

launch date at summer 2016 

As mentioned before, might be good for LISK overall, but bad for the price as it really looks like BTC is starting it's halving run.

why don't you just PM the people and ask them straight up?

I just hope Lisk gets listed before Lisk devs start using the $6M ICO after launch for marketing.

I missed out on the ICO and I've been saving my BTC all this time to pick Lisk as soon as it launches and before the media catches on.

I care.  A lot.  I am trying my best to see that there are no sock puppets or scams in the mainnet by obtaining background information on testnet delegates.  I'm a snoopy, nosey guy that reads too many detective crime novels ( not to mention zerohedge.com ) and so I have a natural suspicion about EVERYBODY.  Follow my efforts at the links below, and newer spreadsheets I will release for mainnet once Lisk is launched...

https://docs.google.com/spreadsheets/d/1bs7njoJwBTO31H2GJoWopNKKpAtggixsbZZiSIxQkRk/edit

Or maybe you're talking about the apparent high amounts of real money involved in being a delegate.   Hey, I have always advocated that Lisk be a zero-inflation, volunteer delegate coin.  But if there's money on the table, then I am going after my fair share.  That's why I am a testnet Active Delegate to prove I can do the job, and why I hope to be a Active Delegate on mainnet.  Please vote for me!

Max wanted to motivate people to set up nodes to solve a non-participation problem at Crypti (for the record, I was one of the few Crypti community Active Delegates, too). Well, the reward motivation structure he set up has solved that Crypti problem.  We've now got over 1300+ Standby Delegates  trying to get a top 101 Active Delegate spot - and that's just on TESTNET.   I really wonder just how many of those 1300+ realize they've got to download and setup specialized delegate software on a VPS server with their own http://aaa.bbb.ccc.ddd address - and how many have actually done so?

Just because the absolute numbers suddenly look like they're going to get very large doesn't mean that things are not going according to plan or have become a horrible idea.  It means that the intended motivation just gets that much stronger (and the expenses that much higher)  for 101 people to do a VERY good job in securing a coin blockchain worth hundreds of millions of dollars.  SECURING THE BLOCKCHAIN IS THE PRIME JOB of an Active Delegate, NOT running charity giveaways and vote participation faucets.

When Max set up Lisk, he decided 4M Lisk was fair compensation for the two main Lisk devs.  He also decided that 150K Lisk or 3.75% of the Dev reward was also fair compensation to an individual for their work AND EXPENSES to secure the Lisk blockchain for its first year.  And that motivating reward for running the Lisk internet backbone drops every year until year five , like an accelerated Bitcoin halving event.  

Meanwhile, the expenses  for running the Lisk internet backbone are probably only going up up up in years to come.  DDoS protection like Lisk is gonna need doesn't come cheap.  Don't start criticizing the fat stacks held by delegates before there is a true cost estimate and budget of just what it is going to take to create and run the internet backbone this growing monster called Lisk is ultimately going to need.