[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2048.

lordoliver

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Quote from: MalReynolds on March 20, 2016, 01:38:48 PM

Quote from: ?? on ??

Quote from: MalReynolds on March 20, 2016, 01:19:15 PM

Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.

Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them

That staking revenue should be enough to cover all of their personal expenses.

Am I correct in thinking the staking revenue will be the salary for Max and Oliver?

Surely they will not be taking salary from investor BTC for their personal expenses?

Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works.

So isn't it true, that you can vote yourself up there if your amount is high enough?

LiskHQ

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Decentralized Application Platform

Quote from: ?? on ??

Quote from: johny08 on March 20, 2016, 01:52:00 PM

Quote from: ?? on ??

Quote from: MalReynolds on March 20, 2016, 01:38:48 PM

Quote from: ?? on ??

Quote from: MalReynolds on March 20, 2016, 01:19:15 PM

Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.

Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them

That staking revenue should be enough to cover all of their personal expenses.

Am I correct in thinking the staking revenue will be the salary for Max and Oliver?

Surely they will not be taking salary from investor BTC for their personal expenses?

Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works.

If you have 4% of the LISK. Then you can put 1% of voting power on each of your own 4 delegates

So Max and Oliver will have a minimum of 4 delegates each if they make the rational choice of voting for their own delegates

4 delegates = 624660 LISK generated in first year = more than enough to cover all personal expenses if LISK is successful

RTFM!

(read the fucking manual!) before posting more nonsense. you vote for an account you pay 100 lisk for creating. its completely different what you saying.

thats not even fud, thats bad taste lies.

It's very simple logic.

If a delegate gets 1% of vote, then that delegate is guaranteed to be in top 101 active delegates.

If you have 4% of lisk, then you have 4% of voting power.

You can then give 4 of your own delegates 1% of the vote each, to guarantee you will have a minimum of 4 delegates in top 101

No, it's wrong!

The votes are dependent by all participants. The 101st delegate may need a voting approval of 30% or more.

Please read our delegate handbook. https://lisk.io/documentation?i=lisk-handbooks/DelegateHandbook

Thank you very much!

Quote from: ?? on ??

Quote from: LiskHQ on March 20, 2016, 01:23:54 PM

ICO UPDATE

We are under heavy load on our ICO website. Therefore, we needed to reduce the scan speed. So it takes longer to get an exchange confirmed!

If your transaction (tx) isn't shown as confirmed on our ICO website, but it is correctly confirmed on the Bitcoin network. Then we will accept it for 100%. The blockchain is the proof of your tx and it will be honoured! We will do several complete re-scans at the end of the ICO and confirm every tx by hand several times! You can rest assured that we will check every exchange with great care!

iambitcoin5

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Does anyone know how or where I can find what the current price is in usd for 1 lisk on demand?

vlom

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Quote from: MalReynolds on March 20, 2016, 01:38:48 PM

Quote from: ?? on ??

Quote from: MalReynolds on March 20, 2016, 01:19:15 PM

Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.

Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them

That staking revenue should be enough to cover all of their personal expenses.

Am I correct in thinking the staking revenue will be the salary for Max and Oliver?

Surely they will not be taking salary from investor BTC for their personal expenses?

Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works.

where is this handbook? do you mean this: https://lisk.io/documentation?i=lisk-handbooks/DelegateHandbook ?

or is there more?

lordoliver

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Quote from: Pofick on March 20, 2016, 01:51:06 PM

I've forgot to download my key pair in txt file. But I got my adress, public key and passphrase. Do I need this txt or it is just a backup with the same info which I already have?

thats all you need. By the way active or passive? Wink

johny08

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Quote from: ?? on ??

Quote from: MalReynolds on March 20, 2016, 01:38:48 PM

Quote from: ?? on ??

Quote from: MalReynolds on March 20, 2016, 01:19:15 PM

Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.

Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them

That staking revenue should be enough to cover all of their personal expenses.

Am I correct in thinking the staking revenue will be the salary for Max and Oliver?

Surely they will not be taking salary from investor BTC for their personal expenses?

Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works.

If you have 4% of the LISK. Then you can put 1% of voting power on each of your own 4 delegates

So Max and Oliver will have a minimum of 4 delegates each if they make the rational choice of voting for their own delegates

4 delegates = 624660 LISK generated in first year = more than enough to cover all personal expenses if LISK is successful

RTFM!

(read the fucking manual!) before posting more nonsense. you vote for an account you pay 100 lisk for creating. its completely different what you saying.

thats not even fud, thats bad taste lies.

Pofick

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I've forgot to download my key pair in txt file. But I got my adress, public key and passphrase. Do I need this txt or it is just a backup with the same info that I already have?

Alexthesalamander

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Lisk is a longterm project guys! Dont expect any action once its released. It will only be hype and fud and pump and dump. Think longterm. The devs have over 11k BTC now to use on Lisk development, and we all have a share in it if they succeed!

Nxtblg

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Quote from: lordoliver on March 20, 2016, 01:17:18 PM

Quote from: conv3rsion on March 20, 2016, 12:58:47 PM

Quote from: Nxtblg on March 20, 2016, 12:28:17 PM

Quote from: johny08 on March 20, 2016, 06:49:39 AM

Quote from: rezilient on March 20, 2016, 06:48:15 AM

I demand more FUD!.

the price will drop, because they all think it will skyrocket and noobs having no idea, that they are going to lose money in the end.

But the question on the table is, "drop from what?"

The initial trading price on an exchange is not the same as the final ICO price. It might be lower, true, but it also might be considerably higher. Case in point: Ethereum. Its final ICO price - I checked - was 1'000 ETH per BTC, or a BTC price of 0.001. Did it start trading at that price? If I recall correctly, it started trading at well above 0.001.

This is the right answer.

That doesn't really count, because there was noone really buying for that price... The ICO participants couldn't just get their coins on the exchange to dump them directly ...

Oh right, I forgot.

Come to think of it, that "couldn't just get their coins on the exchange to dump them directly" explains some of the price drop after the initial listing. But a lot of it is explained by the same old excitement-to-boredom process. Wink

Digital_Currency_LTD

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From LISK chat:

max 7:26 PM
@all:
ICO UPDATE

We are under heavy load on our ICO website. Therefore, we needed to reduce the scan speed. So it takes longer to get an exchange confirmed!

If your transaction (tx) isn't shown as confirmed on our ICO website, but it is correctly confirmed on the Bitcoin network. Then we will accept it for 100%. The blockchain is the proof of your tx and it will be honoured! We will do several complete re-scans at the end of the ICO and confirm every tx by hand several times! You can rest assured that we will check every exchange with great care!

johny08

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Quote from: iambitcoin5 on March 20, 2016, 01:39:48 PM

Quote from: Videodrome on March 20, 2016, 01:36:45 PM

if just one of the big wales are a chinese exchange...we will se a really big price increase...really big..like 100x i bet on this!

Yeah maybe so.

oh man, whales will take your money, not give you money.

lordoliver

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Quote from: iambitcoin5 on March 20, 2016, 01:39:48 PM

Quote from: Videodrome on March 20, 2016, 01:36:45 PM

if just one of the big wales are a chinese exchange...we will se a really big price increase...really big..like 100x i bet on this!

Yeah maybe so.

Who the hell pays you for posting this?

iambitcoin5

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Quote from: Videodrome on March 20, 2016, 01:36:45 PM

if just one of the big wales are a chinese exchange...we will se a really big price increase...really big..like 100x i bet on this!

Yeah maybe so.

MalReynolds

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Quote from: ?? on ??

Quote from: MalReynolds on March 20, 2016, 01:19:15 PM

Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.

Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them

That staking revenue should be enough to cover all of their personal expenses.

Am I correct in thinking the staking revenue will be the salary for Max and Oliver?

Surely they will not be taking salary from investor BTC for their personal expenses?

Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works.

MalReynolds

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Quote from: lordoliver on March 20, 2016, 01:24:13 PM

Quote from: MalReynolds on March 20, 2016, 01:19:15 PM

Quote from: Amph on March 20, 2016, 11:37:51 AM

it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant

Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs a wasteful competitive system to generate trillions of useless hashes to look for a winning lottery ticket when you've got an efficient cooperative system that only needs one hash per block?

This concept will hurt lisk like bitshares... staking (or similar) is helping, because it supports the network. Many people are participating.
But this delegate thing is cheesy. The poorer ones are getting poorer and can't do anything against it...

I know that phrase about "supporting the network" is the propaganda party line...but WHAT DOES IT REALLY MEAN? Tell me HOW having hundreds of thousands of miners "SUPPORTS THE NETWORK" Huh

Videodrome

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Free Julian Assange

if just one of the big wales are a chinese exchange...we will se a really big price increase...really big..like 100x i bet on this!

bitbitch

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Quote from: redsn0w on March 20, 2016, 11:40:34 AM

Quote from: Edkemper on March 20, 2016, 11:36:46 AM

Quote from: redsn0w on March 20, 2016, 11:28:58 AM

Quote from: ?? on ??

Why would we need passphrases ... arent the generated keys enough?

Whit the passhprase you can access to your wallet Wink

.

do you smell that smell? sniff sniff...yes it's it...the smell of people that won't access their lisk wallet because they've lost the passphrase

Yes I think a lot of people will complain because they will not be able to access to the wallet and most important spend their 'coins'.

not at all.

bitbitch

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Quote from: ?? on ??

Why would we need passphrases ... arent the generated keys enough?

err, when you generate you get the passphrase and the key in one text file. what's the problem? just more FUD.

lordoliver

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Quote from: Splatters on March 20, 2016, 01:32:09 PM

Quote from: lordoliver on March 20, 2016, 01:24:13 PM

This concept will hurt lisk like bitshares... staking (or similar) is helping, because it supports the network. Many people are participating.
But this delegate thing is cheesy. The poorer ones are getting poorer and can't do anything against it...

just as much as you fud is doing

Any argument as well? Maybe I didn't understand it right?

lordoliver

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Quote from: AleScamHole on March 20, 2016, 01:31:03 PM

except one difference. supply
check supply of bitshares and you will see why it went that way,, 2+BILLION coins?
big dif from the amount lisk will have available
it wont go as high as ether due to supply, but it wont be as bad as bts IMO
we will c Wink

are you serious? Supply doesn't say anything. its just a shifted comma...

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