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

MGM

full member

Activity: 224

Merit: 100

Quote from: MalReynolds on March 06, 2016, 06:50:35 AM

Quote from: dzarmush on March 06, 2016, 04:24:02 AM

Quote from: ?? on ??

+1 vote for putting 8% Devs share under a “scheduled release” contract.

Lisk core team doesn't tell you what to do with your share. Why the fuck you think you can tell them what to do with their share? ICO terms was clear. Take it or leave it.

+1 on no retroactive mods to the ICO terms. The donations of BTC and XCR that have been made to Lisk are effectively gifts to Max and Olivier for which you have no right to expect anything in return. If you suddenly make them "not gifts" subject to "contracts" then you are suddenly opening up a HUGE legal Pandora's Box. We do not want to go there.

Plus, I am no lawyer but it seems to me that a true legal contract is not possible here on any topic. Max is in Germany. Olivier is in the UK. Pretend for a minute they did sign a scheduled release contract and then dumped 8M Lisk on April 1 anyway. Now what? What court are you going to go to and adjudicate this so-called contact you want? The Court Of The Internet?

Practically, what you want is a scheduled release "pledge". Max has said he is going to hold his Lisk for a long time. That is the pledge you are looking for. You have what you want!

Now it is time to just sit back and watch Max's actions to see if he is a man of his word.

Quote from: ?? on ??

Quote from: MalReynolds on March 18, 2016, 08:12:36 AM

Quote from: lordoliver on March 18, 2016, 08:08:39 AM

Quote from: MalReynolds on March 18, 2016, 08:07:31 AM

Quote from: lordoliver on March 18, 2016, 08:05:48 AM

Quote from: MalReynolds on March 18, 2016, 08:03:58 AM

I HEREBY OFFICIALLY VOTE THAT THE LISK ICO BE DECLARED OVER AT 6000 BTC (BEFORE THE RECENT 1000 and 300 BTC DONATIONS) TO AVOID A HOSTILE TAKEOVER OF THIS COIN IN THE REMAINING 64 HOURS.

dream on...
they had to do a hard cap in the beginning already. now its against the rule...
I would like it, but I guess it doesn't work

Offer refunds for a breach of the rules. Nobody will ask for a refund.

Yea, but why should they do that? The more we spend, the more they get...

Max and Oliver are losing control of this coin. Two people now own more Lisk than the Lisk Foundation does. What happens when the next whale comes in with 2000 BTC? 5000 BTC? These could very well be Ethereum "newly rich" that absolutely do not have the best interest of Lisk at heart.

We are in hostile takeover territory.

Quote from: LiskHQ on February 18, 2016, 03:52:41 PM

There won't be a fixed limit which can be announced before. If we see after the ICO that an individual would end up with over 20% of all LISK, we will contact him and explain the case to him in private. We (or our escrow partner) will then transfer him the excessive BTC back. However, to be over 20% one would probably need to exchange over 100 BTC minimum.

So let's just say nothing is set in stone. ICO terms can be altered.

First you say NO to change ICO terms to put 8% Devs share under a “scheduled release” contract.

Later you say YES to change ICO terms to close ICO following take over by 1300BTC Ether whale who may want to control/destroy Lisk.

Looks like people who've been hyping this ICO are butthurt that their Lisk share shrunk much further than what they anticipated...LOL
They shot themselves in the foot. Big time! LMAO.

johny08

legendary

Activity: 1045

Merit: 1000

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

it has nothing to do with the amount of lisk you holding, dumbass. read the fucking manual!

lordoliver

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

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

hero member

Activity: 546

Merit: 509

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

hero member

Activity: 532

Merit: 500

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

vlom

legendary

Activity: 1498

Merit: 1117

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

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

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

legendary

Activity: 1045

Merit: 1000

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

hero member

Activity: 600

Merit: 511

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

sr. member

Activity: 326

Merit: 250

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

legendary

Activity: 924

Merit: 1000

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

hero member

Activity: 798

Merit: 1000

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

legendary

Activity: 1045

Merit: 1000

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

legendary

Activity: 1666

Merit: 1020

expect(brain).toHaveBeenUsed()

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

hero member

Activity: 532

Merit: 500

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

legendary

Activity: 938

Merit: 1000

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

legendary

Activity: 938

Merit: 1000

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