Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2134. (Read 3074230 times)

Interestingly, I will do all for free bounties

How long are block times?  Or, better question, if there are only 101 delegates, what should be the average Lisk payout per day, per delegate.

Last question, how many delegates exist today?

Yes. We hope long-term we will see many "delegate pools", which pay out their rewards to their voters. Or at least to some cause like Lisk marketing or Dapp bounties.

Yes.

Only the first 101 delegates can forge ? Like NXT ? Absolutely nothing for the others ?

They have a cold wallet address (which I forget), that showed plenty of XCR a short while ago. But their hot wallet has been empty for a while.

I see XCR is still being bought up over there, albeit at a discount... guess some folks are hoping to get it cheap and still get it out before the ICO ends (or they don't know any better).

Only suggestion I could make to anyone with a stuck withdrawal is to cancel + sell your XCR cheap (assuming volume will support it). It might be a loss, but some loss is better than total loss.

That, or nag them non-stop via chat, and say you will start posting over here about Bter's imminent demise due to their empty wallets. Maybe the threat of bad publicity (not that they already haven't had a ton already), will get them to do something.

I doubt if BTER has any XCR left in their wallets...

Perfect organisation ! The delegate handbook is easy to learn.

right now 5131 satoshi or 0.02164 usd

Professional documents as always.Thanks!

See the satoshi spreadsheet in post #2744 on page 138.

I'm  too lazy to post all that on every page...

What is the price of Lisk?

That idea could work, IF Bter agreed to play ball. Such as if they agreed to some sort of 'token' than could be converted to Lisk, and so on. But it's most likely too late in the ICO game to arrange this really, and without a guarantee that the XCR seller was actually buying Lisk with the BTC received, not sure how that would work.

Keep in mind the Lisk devs don't have access to the BTC funds right now, so it'd have to come out of their own pocket to buy up the XCR on Bter. I'm sure there would be honest people wanting to get out, but I'd also expect some dishonest people too.

We just released the first version of the Lisk Delegate Handbook which explains many facts about our Delegated Proof of Stake consensus algorithm, delegates, votes and forging. If you still have questions later on, please contact me and I will add the questions&answers to the handbook.

From time to time we will release other handbooks, which explain different parts of our system in layman terms. If you want to see something specific, feel free to contact me on the Lisk Chat.



To the Delegate Handbook

Lisk holders will vote 101 people into the position of Active Delegates who will run Lisk nodes that add blocks to the Lisk blockchain every 10 seconds.  This system is called Distributed Proof of Stake (DPoS).  Any particular individual will add one block every 17 minutes and will receive 5 Lisk  every 17 minutes during year one for performing this task.   This system goes in a round-robin clockwork fashion with everybody knowing their turn will come only once per 17 minute cycle and will not be contested by the others.   Such cooperation means only one hash needs to be generated per block time.  

Contrast this with the competitive system used by Bitcoin and Ethereum, which has tens of thousands of miners simultaneously generating literally trillions of hashes that are ALL mathematically valid to add the next block to their blockchain.  These valid hashes are discarded until one randomly comes up with an agreed-upon number of leading zeros in it, which act as a "winning lottery ticket" to pick which miner makes the block and gets the reward.

Both Ethereum and Bitcoin engage in PROPAGANDA that all these trillions of hashes are "necessary to secure the blockchain".  That's bullshit.  Any single hash generated by any single miner could do that.  Instead, their trillions of hashes are a way to pick a winner in a get-rich-quick scheme and nothing more.

This difference is the main reason Lisk will be around long after Bitcoin and Ethereum have drowned in their own ever-growing hash pool.

In JavaScript, however you can't really talk about smart contracts in our case. Our dapps are not structured in op_codes, more like a regular app built on top of a blockchain.

No way to check this, but those who want to get into ICO would get opportunity to do so. In the end, those BTC would go back to them anyway ...

EDIT. besides, we can sent PM with the exact amount we want to sell say 10 minutes before doing so.

What about "Cooperative, efficient blockchain generation"? Is there some more explanation?

Where do the Lisk devs get the BTC to set up a buy wall?   How do they know know who sold the Crypti at the buy wall?  How do they issue Lisk to this person?   How do they know you will take the BTC and buy Lisk with it?

Very simple. I want BTER to release my XCR, looks like they are not in the mood to do this for next couple of weeks. If I drop those into 1300  (minus 5% current BTC incentive of cause) wall set up by the devs, they get ICO price XCR, I get my investment into LISK. Otherwise, they'll just stuck there.

better watch this space