Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2140. (Read 3074169 times)

Too much hype for this coin, tshirts in exchange of thousands of bitcoins?

Stop buying.. Buy after the ICO ends

I believe you are the one who is mistaken.

You state Crypti owners would have dumped to join Lisk, I don't believe this would have been the case.

We would've likely experienced FUD from angry Crypti holders. This would've caused the ICO to raise limited funds.

Lisk accepted Crypti in an act of honor, and it was the correct choice. They united the Crypti community while eliminating any potential dangers of FUD.

hahahaa........WUT?

LISK t-shirts?

you have 868 likers on facebook why you say 662?

Yeah, only BTC and coins converted with shapeshift are eligible I think.

Hiya, I was under the impression that the exchanged XCRs would be converted into BTC with the rate of 1300 sat and then Lisk would be distributed based on the number of BTC invested.

For ex: If someone donates 1 million XCR, it would amount to 13 BTC and so the person would get Lisk worth 13 BTC.

Well over 10,000 right now. Majority of them are just coin gen coins and aren't listed.

So how many cryptos are in existence by now ?

=) they said that as long as the first confirmation is within time you should get the bonus in a previous post.

Haha, yea not that big of a deal but 5 % could go a long way...

Any clarification from someone who actually know the fact?

you're screwed. Might want to give up on crypto, too much pain in that much loss.

Question regarding bonuses: I made a BTC deposit 20 minutes before 10% dropped to 5% and the first confirmation showed before the deadline, but the third (and final) confirmation did not happen until 5 minutes after the change over.

Regarding bonuses, is the timestamp of the 1st confirmation sufficient?

Please clarify, thanks.

I posted this only three pages ago, but since you missed it, here it is again....

BTC investors are NOT bailing out XCR bag holders in this ICO!

THERE IS NOT A ONE-FOR-ONE EXCHANGE OF CRYPTI XCR FOR LISK.

XCR members joining Lisk are getting their donations capped at the fair market value (at Poloniex, for example) of 1300 satoshi per XCR.    You can see that by going to the "How many Lisk will I get for my XCR" spreadsheet link in my other post above on page 129.  At present, the number is 0.274 Lisk will be issued for every Crypti XCR donated, and that number continues to drop as more BTC shows up.  A Lisk is currently worth 4759 Satoshi.  If you trade in ONE Crypti XCR, you currently get 0.274 Lisk and your new Lisk holding is worth 0.274 * 4759 = 1300 satoshi (with minor roundoff error).  

Now look at the "How many Lisk will I get for my BTC" spreadsheet.  If you trade in ONE Bitcoin, you currently get 21,100 Lisk and your new Lisk holding is worth 21,100 * 4759 = 100,000,000 satoshi (with minor roundoff error), which is exactly 1 BTC.

As noted in my post above, so far there have been 773 BTC worth of XCR donated to Lisk at the fixed fair market rate of 1300 satoshi and 2900 actual BTC donated at the adjustable fair market rate of 4759 satoshi per Lisk and rising.   The 773 BTC donated by Crypti holders is the fair market value of all the currently existing Version 0.5.5 sidechain / dapp software that Lisk will use at launch.  The Version 0.5.5 sidechain / dapp software used to launch Lisk is NOT VAPORWARE and its use does not come to the new BTC donors for free.  Utilization of that software as a starting point is currently priced fairly at 773 BTC.  The BTC donations of 2900+ will be used as a cash development fund to IMPROVE THIS CODE BASE and create Lisk Version 0.5.6 and beyond.

To summarize, the value of XCR donations are are capped at 1300 satoshi per coin; the value of BTC donations are continuously adjusted upward to get the current Lisk satoshi value (currently 4759 and rising).  That capped vs. continuous adjustment factor is what keeps the XCR folks from being "bailed out" by the BTC donors!

XCR donators have created a solid sidechain / dapp code base foundation and the new BTC donators are providing funding to improve it.   XCR and BTC donors are not opponents here.  We are all members of the new Lisk team!

yea, azure is picking up anything with even a twinkle of possible success.  IE.  throw shit against the wall and see what sticks.

They realized ahead of time that the XCR coins taken in would be of limited real value. XCR will in effect be dead (or dead-ish), after the ICO. Even if by some miracle the coin survives, no sane person would want to invest in a coin where a single party owns 60%+ of it... never-ending sell pressure.

And it won't hurt the Lisk dev funds, as they never planned on the XCR taken in to be major source of those funds in the first place. The BTC taken in is what they'll use.

Does anyone else think it's a good move to work with BaaS service providers like Azure? I'm not sure exactly how to go about it, maybe they would be a central node like Lisk's personal node and you could use it for who knows what with your accounts or something.

IOTA, ETH and EMERCOIN all partner with Azure

The dev can list the whole entire 60 million XCR wallet up for sale at eBay, etc for like $321,100 dollars and let the buyer deal with the headache of liquidation or their own long term investment.  Buyer buys and pays, seller sends the XCR entire wallet, done.  Funds available.

Here's what I would do if I had close to 60 million XCR (Cripti) coins with me.  I would realize that the target buyer might be novice when it comes to crypto world but very rich economically at the same time and he is looking to enter very heavily into the Crypto world.  What I would do is build a desktop computer, install the Cripti offline wallet and load it up with all the 60 Million XCR's, print out a sheet explaining how to use the wallet along with many other tips and warnings for beginners and then ship the computer system along with all materials to the buyer, or winning bidder.

Here's what might happen:
If listed on Ebay, a bidding war might ensue, causing you to sell this computer with all that 60 million XCR's for a price alot ALOT bigger than what you had anticipated, prices can go as high as $321,100, to even $654,100 dollars and you will be getting even more cash than the total value of the XCR's you just sold.

The idea of loading up everything onto a computer system making everything as easily as possible and ready to use is to cancel out any possibilities that the customer might make a mistake possibly jeopardizing the wallet, and I would keep a copy of the wallet with me for a period of 1 year for security and precautionary purposes in case if the customer do happen to still loose the wallet you can act as your customer's personal backup service providing a working copy of the wallet for him or her.

I would probably start the auction with: "Up for auction is a personal investment computer system loaded up with 60 million Crypti coins currently valued at 7xx Bitcoins, or in other words valued a total of $321,100 as of the time of start of this auction...."

They should stop accepting XCR already. They won't be able to liquidate it anytime soon, if ever. Lisk Devs may be holding that XCR bag for a long long time which may hurt the liquidity of Lisk development funds.

Maybe I don't know enough about the LISK concept. I have a question:

Can LISK sidechains be with integrated with any blockchain, or is development confined to the LISK blockchain? Can LISK be used to create an "Internet of Chains" as opposed to "Internet of Things"?

So, could I use LISK to write a sidechain that unifies something between 10 different alts, for example (with the LISK blockchain acting as an intermediary)? Or am I restricted to the LISK blockchain?