Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 1935. (Read 3074230 times)

As a non-technical LISK ICO holder I am struggling to understand the voting process. I've read most of these posts and Section B in the handbook and it's not entirely clear. In this thread I see a lot of confusion and questions. Part of the confusion is that the term "vote" is overloaded - seems to define both a measure of support and the act of giving support to a max of 33 delegates. Hence a "vote" can refer to both 0.00000001 Lisk and 1 Lisk.

It would be good if Section B was expanded to further explain
1) the process when a Lisk holder makes a vote (i.e. spends 1 Lisk) and how their holding affects the delegate approvals.
If a user makes a vote (spends 1 LISK) all the delegates he voted for receive the number of votes equally to the voters amount of LISK. E.g. if you own 1M LISK he will at the beginning get about 1% approval.

2) when do approvals change and when does the list of active delegates change
Every round they change, so about every 17 minutes.

3) when and how uptime changes the active delegate rankings
AFAIK the uptime is also updated every 17 minutes. However, the uptime is independent of the delegate rank. Only the amount the approval matters.

In the meantime could someone kindly answer the following: There are two LISK holders: HolderA (10 Lisk) and HolderB (200 Lisk) and 200 Delegates: Delegate1 ... Delegate200.
1) Presumably if HolderA votes for only Delegate1 then Delegate1 gets 1,000,000,000 votes, however, if HolderA votes for Delegate1 and Delegate2 then they both only get 500,000,000 votes?
Right now both receive 1,000,000,000 votes.

2) Presumably a holder can vote more than once a delegate round including withdrawing votes?
The vote always only has the power of your current LISK balance. You can't vote several times for 1 delegate, unless you remove your vote from him before.

3) Where are the approvals stored? In the blockchain?
Yes.

4) Presumably the block forger maintains the active delegate list?
What do you mean?

Thanks for the answers. Is much more clear to me now.

LiskHQ

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Quote from: GiftEncounter on March 27, 2016, 11:23:06 PM

As a non-technical LISK ICO holder I am struggling to understand the voting process. I've read most of these posts and Section B in the handbook and it's not entirely clear. In this thread I see a lot of confusion and questions. Part of the confusion is that the term "vote" is overloaded - seems to define both a measure of support and the act of giving support to a max of 33 delegates. Hence a "vote" can refer to both 0.00000001 Lisk and 1 Lisk.

It would be good if Section B was expanded to further explain
1) the process when a Lisk holder makes a vote (i.e. spends 1 Lisk) and how their holding affects the delegate approvals.
If a user makes a vote (spends 1 LISK) all the delegates he voted for receive the number of votes equally to the voters amount of LISK. E.g. if you own 1M LISK he will at the beginning get about 1% approval.

2) when do approvals change and when does the list of active delegates change
Every round they change, so about every 17 minutes.

3) when and how uptime changes the active delegate rankings
AFAIK the uptime is also updated every 17 minutes. However, the uptime is independent of the delegate rank. Only the amount the approval matters.

In the meantime could someone kindly answer the following: There are two LISK holders: HolderA (10 Lisk) and HolderB (200 Lisk) and 200 Delegates: Delegate1 ... Delegate200.
1) Presumably if HolderA votes for only Delegate1 then Delegate1 gets 1,000,000,000 votes, however, if HolderA votes for Delegate1 and Delegate2 then they both only get 500,000,000 votes?
Right now both receive 1,000,000,000 votes.

2) Presumably a holder can vote more than once a delegate round including withdrawing votes?
The vote always only has the power of your current LISK balance. You can't vote several times for 1 delegate, unless you remove your vote from him before.

3) Where are the approvals stored? In the blockchain?
Yes.

4) Presumably the block forger maintains the active delegate list?
What do you mean?

Its About Sharing

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Huge news

A very well known Developer in the JavaScript community is building Dapps for Lisk.

https://twitter.com/boxxa

Grin

Wow, really nice start. This again is the thing - So many Javascript developers out there. And those looking to create a potentially money making dapp now have a platform out there in LISK in which to do so and do so VERY VERY quickly.

Are there any downfalls in Javascript instead of a proprietary language like Ethereum is using? I saw something about memory usage but I'm not familiar here.

Grumlin

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Quote from: LiskHQ on March 28, 2016, 07:04:18 AM

1. All fees will be changed before we launch.
2. All fees can be changed later on.
3. You can vote for 33 delegates in one go. That means voting for 101 delegates takes 4 votes minimum.

ok, it's good, but what with the rewards per block for delegate? 5 Lisk is much more... see that

ttookk

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(snip)

In the meantime could someone kindly answer the following: There are two LISK holders: HolderA (10 Lisk) and HolderB (200 Lisk) and 200 Delegates: Delegate1 ... Delegate200.
1) Presumably if HolderA votes for only Delegate1 then Delegate1 gets 1,000,000,000 votes, however, if HolderA votes for Delegate1 and Delegate2 then they both only get 500,000,000 votes?

(snip)

As stated before, in the scenario mentioned, Delegates1 and 2 both get 1,000,000,000 votes. Which I don't like, because I think it scales badly. In the scenario, HolderB is in absolute control over who gets elected and who doesn't. If they would have to spread out their votes, HolderA could at least vote for some Delegates…

bluedude

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Quote from: LiskHQ on March 28, 2016, 07:04:18 AM

As a non-technical LISK ICO holder I am struggling to understand the voting process. I've read most of these posts and Section B in the handbook and it's not entirely clear. In this thread I see a lot of confusion and questions. Part of the confusion is that the term "vote" is overloaded - seems to define both a measure of support and the act of giving support to a max of 33 delegates. Hence a "vote" can refer to both 0.00000001 Lisk and 1 Lisk.

It would be good if Section B was expanded to further explain
1) the process when a Lisk holder makes a vote (i.e. spends 1 Lisk) and how their holding affects the delegate approvals.
2) when do approvals change and when does the list of active delegates change
3) when and how uptime changes the active delegate rankings

In the meantime could someone kindly answer the following: There are two LISK holders: HolderA (10 Lisk) and HolderB (200 Lisk) and 200 Delegates: Delegate1 ... Delegate200.
1) Presumably if HolderA votes for only Delegate1 then Delegate1 gets 1,000,000,000 votes, however, if HolderA votes for Delegate1 and Delegate2 then they both only get 500,000,000 votes?
2) Presumably a holder can vote more than once a delegate round including withdrawing votes?
3) Where are the approvals stored? In the blockchain?
4) Presumably the block forger maintains the active delegate list?

Good questions, I am also interested in answers from the dev.

Racer8

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As a non-technical LISK ICO holder I am struggling to understand the voting process. I've read most of these posts and Section B in the handbook and it's not entirely clear. In this thread I see a lot of confusion and questions. Part of the confusion is that the term "vote" is overloaded - seems to define both a measure of support and the act of giving support to a max of 33 delegates. Hence a "vote" can refer to both 0.00000001 Lisk and 1 Lisk.

It would be good if Section B was expanded to further explain
1) the process when a Lisk holder makes a vote (i.e. spends 1 Lisk) and how their holding affects the delegate approvals.
2) when do approvals change and when does the list of active delegates change
3) when and how uptime changes the active delegate rankings

In the meantime could someone kindly answer the following: There are two LISK holders: HolderA (10 Lisk) and HolderB (200 Lisk) and 200 Delegates: Delegate1 ... Delegate200.
1) Presumably if HolderA votes for only Delegate1 then Delegate1 gets 1,000,000,000 votes, however, if HolderA votes for Delegate1 and Delegate2 then they both only get 500,000,000 votes?
2) Presumably a holder can vote more than once a delegate round including withdrawing votes?
3) Where are the approvals stored? In the blockchain?
4) Presumably the block forger maintains the active delegate list?

devlin

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Quote from: Splatters on March 28, 2016, 06:58:06 AM

Quote from: MaGNeT on March 28, 2016, 06:53:19 AM

Quote from: pinkman12345 on March 28, 2016, 06:50:15 AM

Quote from: Splatters on March 28, 2016, 06:58:06 AM

to vote for someone to be a delegate, is needed to pay a fee 1 LISK?

Yes

And then to vote for 101 delegates ... if LISK let say will worth 0.02BTC will be 2.02BTC ... why someone will pay this amount?

Then the amount could be lowered.

of course the price should change along the price changing. Or even pay for become a delegate could be expensive

1. All fees will be changed before we launch.
2. All fees can be changed later on.
3. You can vote for 33 delegates in one go. That means voting for 101 delegates takes 4 votes minimum.

to vote for 33 delegates in one go is ok. Thanks for clarification.

LiskHQ

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Quote from: MaGNeT on March 28, 2016, 06:53:19 AM

Quote from: pinkman12345 on March 28, 2016, 06:50:15 AM

Quote from: MaGNeT on March 28, 2016, 06:53:19 AM

to vote for someone to be a delegate, is needed to pay a fee 1 LISK?

Yes

And then to vote for 101 delegates ... if LISK let say will worth 0.02BTC will be 2.02BTC ... why someone will pay this amount?

Then the amount could be lowered.

of course the price should change along the price changing. Or even pay for become a delegate could be expensive

1. All fees will be changed before we launch.
2. All fees can be changed later on.
3. You can vote for 33 delegates in one go. That means voting for 101 delegates takes 4 votes minimum.

Splatters

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Quote from: pinkman12345 on March 28, 2016, 06:50:15 AM

to vote for someone to be a delegate, is needed to pay a fee 1 LISK?

Yes

And then to vote for 101 delegates ... if LISK let say will worth 0.02BTC will be 2.02BTC ... why someone will pay this amount?

Then the amount could be lowered.

of course the price should change along the price changing. Or even pay for become a delegate could be expensive

MaGNeT

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Quote from: pinkman12345 on March 28, 2016, 06:50:15 AM

Quote from: pinkman12345 on March 28, 2016, 06:50:15 AM

to vote for someone to be a delegate, is needed to pay a fee 1 LISK?

Yes

And then to vote for 101 delegates ... if LISK let say will worth 0.02BTC will be 2.02BTC ... why someone will pay this amount?

Then the amount could be lowered.

devlin

sr. member

Activity: 272

Merit: 250

to vote for someone to be a delegate, is needed to pay a fee 1 LISK?

Yes

And then to vote for 101 delegates ... if LISK let say will worth 0.02BTC will be 2.02BTC ... why someone will pay this amount?

pinkman12345

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