My vacation continues! My wife is asleep and here I am on a crappy hotel computer running Windows Vista for God's sake. I board the Carnival Victory in a few hours for internet detox therapy all next week. But not before I respond to some of the stuff here that I've been reading on my cellphone...
After reading the guide, I'm asking myself about security audit of the known ip of the elected node, also about ddos protection ... Do you think 101 nodes is enought to protect against those treats ? Could it be problematic to the project ?
Back on Crypti (before the fork into Lisk) I made some posts about possible DDoS. It seems like a real possibility to me too. I did some research on this and was thinking about running some DDoS tests on Crypti with a program called Bees With Machine Guns running on a bunch of AWS servers. I never actually did this, but it still seems like a good idea to me:
http://blog.apps.chicagotribune.com/2010/07/08/bees-with-machine-guns/In fact, maybe Crypti still IS the right place to run DDoS tests. Crypti is still similar enough to Lisk that DDoS results for one would be very relevant to the other. Maybe by May when we get the Lisk Active Delegates sorted out, all the Lisk Active Delegates could also set up Crypti nodes. With 80M Lisk, Max could vote them all in. And then we could deliberately DDoS the Crypti network to see what we could learn. The lessons learned would be VERY valuable for Lisk. Consider this post my vote for such a research project to actually be implemented along with the other 10,000 things that need to happen for Lisk...
And anyone can vote for anyone, or a voter does need to have some LISK ? Is it proportional to the stake of the voter (more LISK = more votes) ?
Vote for candidate cost 1 LISK for now, don't know how much it will cost in future
And to whom does the 1 LISK go ? The candidate, to fuel the forging or to the developpers ? And what can a candidate offer ?
I would also like to hear the answer from the developers. In fact, where will go those 1 LISK on the voting?
As I've mentioned earlier (but I guess we need to keep saying it for all of our welcomed new Liskers!), in the old Cryti wallet (and presumably in the upcoming Lisk wallet) there are pages listing all Active and Standby delegates with checkboxes by their names. You put up to 33 checkmarks on the delegates you want to be responsible for adding Lisk blocks to the blockchain. Then you hit a button on this "ballot" and it is recorded at a cost of 1 Lisk. The number of votes you are providing to each candidate are proportional to the number of Lisk in your account - all selected delegates get that many votes. You have to repeat the process again for another 33, and again for another 33, and then again for the final 1 of 101 delegates you can vote for. This costs a total of 4 Lisk, and no, I don't know why the code is set up this way.
The 1 Lisk fee per ballot selection is split among the current 101 forging delegates, as are all Lisk fees. For example, a Lisk transaction costs 0.1 Lisk to process - and the fees are split among the 101 delegates.
At genesis block launch Max and Oliver will be running 101 Lisk Foundation delegates to process block 2 and up for a week while the first 101 community delegates are voted for and get their node computers running. Foundation nodes will go offline as community-owned nodes come online.
Has the final price of lisk been decided? To make it simple can anyone tell me the number of lisk per 1BTC? My ICO page calculates to about 5617 Lisks per BTC. Is that the final figure or after bounty and bonuses that will change?
ICO price was about 20.000 sathoshi, and no, that amount will not change. Bounty is separated amount from the ICO.
In round numbers the ICO collected 14,000 BTC directly, plus 80M Crypti XCR at 13BTC per 1M XCR for another 80*13 = 1140 BTC. The 15%/10%/5% early participation bonuses haven't been officially anounced but according to my spreadsheet tabulations these will add around another 360 BTC. So the ICO "sold" 85M Lisk for approximately 14,000+1,140+360 = 15,500 BTC. That's around
5484 Lisk per BTC. Each Lisk then costs (1/5484)*100,000,000 =
18,234 satoshi.
Just so everybody knows where all of these numbers come from...
... Is it proportional to the stake of the voter (more LISK = more votes) ?
Yes.
Weird idea I think. The richer can elect whoever he wants. What a kind of decentralisation... At least I hope they don't have too big powers or you will have a big problem.
Don't say that here, no one's interested....... all that matters is the nauseating vote swapping and fantasies of "$300,000" per year,
a figure some one pulled out of their ass the other day...Hey, that's MY ass you're talking about!
Let's go through the numbers again. The Lisk blocktime is 10 seconds. That means there's (trust me on this) ideally 3,153,600 Lisk blocks generated per year. Any single one of the 101 Active Delegates gets to generate 31,224 of those blocks in a year. In Year One they are rewarded with 5 Lisk for every block they generate. This reward goes down a Lisk per block per year until is is constant at 1 Lisk per block in Year Five and Beyond. So a Year One Active Delegate makes 31,234*5=156,170 Lisk. At the ICO price of 0.075 USD per Lisk, that's worth $11,713. A 25 X price pop to $1.90 per Lisk bumps that Year One reward to over $300K.
Anybody here think a 25X pop to under $2 is out of the question for Lisk when Ethereum went from 0.3 USD to over $10 ?
My point is valid that the Active Delegates are going to be making six or even seven figure annual salaries for running a $5-per-month Vultr VPS node. This fact is going to bring out a lot of the dark side in human nature that Lisk is going to have to overcome.
If that much money is on the table, I am going to fight to get my share of it.
I still think Lisk would be better served in the long run by 101 altruistic unpaid volunteers, as I have said here from day one. There is still the option until launch to run the Lisk Foundation 101 Genesis Block nodes as long as required to find this group of people. I volunteer to be one of them.
And with that, I am off to a floating fantasyland paradise known as the Carnival Victory for a while. I'll miss you guys.
Hi everyone! My code name is "Liska" ...
And I'll miss you, too, Liska!
GUYS TO CLARIFY, LISK AI IS NOT ONLINE, IT IS ONLY A CONCEPT. MY TEAM IS WORKING ON IT BUT THE LISKA ACCOUNT IS JUST A CONCEPT
Quiet. Nobody wants their dreams spoiled.
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