Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2150. (Read 3074169 times)

From a previous post a few pages back

LISK HOLDS THE FOLLOWING ADVANTAGES OVER ETHERIUM:

Javascript language simplicity vs Solidity language complexity

100,000+ JavaScript programmers vs. few Solidity programmers

Single hash generated  vs. trillions of valid but discarded hashes generated to secure blockchain in one blocktime

Cooperative, efficient blockchain generation vs. competitive, wasteful blockchain generation

Stable roundtable clockwork forging vs. unsustainable, exponentially growing free-for-all mining

Dapps on individual sidechains vs. dapps on bloated mainchain

Min of 2-4 to max of 101 cheap $35 Pi2 / $9 CHIP microcomputers needed for each sidechain backbone vs. large, unlimited numbers of expensive GPU systems needed for mainchain backbone

Sidechain dapps permanently free vs. mainchain perpetual "gas" payments required

Only thing I can suggest, which is a lousy option, is if he has a stuck withdrawal, have him cancel it, and try to sell the XCR (probably at a loss, certainly less than ICO prices). XCR won't come out, but BTC will (or at least did a couple of weeks ago).

I cannot stress this enough-- do not touch BTER, ever.  They were "hacked" over a year ago and lost nearly all of their BTC funding from their cold storage, and supposedly funds from many other coins.  I am shocked that they stayed open but after a long time of observing their behavior, my hunch is that they keep their doors open to raise funds from trading but are only support Chinese speaking users.  This is because they can afford to ignore all international users but if they don't take care of their domestic users, their is a much higher chance of litigation.

You cannot withdraw funds from BTER with most (if not all) cryptos.  If you have funds in BTER, ask around and see if there is a moderately traded coin that is withdrawable.  If yes, dump all of your coins for BTC/CNY and then buy into that other coin. Then you can send those funds to a workable exchange.  This will likely incur a huge loss but getting some of your funds back is better than none at all.

I feel bad for anyone who has found BTER believing they are a legit service.  Their lack of support and shutting off withdrawals make them nothing but a fraudulent organization.

Sorry... The only thing I know about BTER is: don't use it... but that's too late for him...

Any news on BTER? I have a friend who is stuck there - I'm trying to help him exit BTER so he can take part in the crowd sale. Look's like the BTER XCR hot wallet is empty and that they have given up on doing anything to help.

Thx!

Here's the Crypti price history, click on "all".

https://poloniex.com/exchange#btc_xcr

Crypti has evolved.  Its original focus was ten-second block time to support merchants that needed fast confirmation times using "Crypti - The Coin For Commerce!".    Crypti was the first cryptocoin written in JavaScript / node.js (and thus not a Bircoin clone), and the key point of cooperative forging with no need for expensive miners was there from the beginning.  Crypti worked great in a testbed with 50 nodes.  But when Crypti went live and tried to scale to a larger number of nodes, it failed.  Turns out too many nodes cannot synchronize with each other in ten seconds.  The merchant / commerce focus was dropped and Crypti became a science project to perfect something called "Proof of Time" (PoT) - infinite nodes synchronizing within ten seconds to determine who had the longest uptime.  PoT ultimately failed and Crypti was "patched / frozen" into the current fixed number 101 delegate roundtable with ten second blocktime, which works fine.  The devs looked at each other and said "Now what?" - and in mid-to late 2015 a completely different software pivot to add sidechains / dapps was made.  

Crypti sidechains / dapps work really, really  well.  We shoulda been working on that all along.  

So...most of original 750 BTC Crypti tech dev fund was blown on BTC depreciation and  the PoT failure.  But not all the funds were gone before some cool sidechain / dapp tech was developed that will now live on as Lisk.

Yup, those bugs have been fixed so LISK will start with a lot of working code already. Even ETH didn't have that after the ICO.

750 BTC was collected. The ICO was capped, or it would've been much more.
It was long ago, but i think launch price was around 800 sat, the highest was somewhere close to 3000 i believe. I think it would've kept going higher, but a scalability issue was discovered with the original consensus mechanism. A big chunk of the crypti code had to be redone, resulting in low prices and low volume after a few months.

Been ages since the ICO, but I seem to recall it going to about 3-4x ICO values, then falling... then low volume for a long, long time.

thanks for the answer, so lisk is the crypti project that is keep going on, the used 750 btc and now they need more to make it better, or something like that.
Could you please inform me about what price ico crypti was and what was its higher price. I know it's not all about the price, but I know even that people buy crypto even for making profit, so price is important.

Crypti dapps platform did not fail.  All available Crypti development funds (750 BTC collected in mid-2014) were used to complete development of Version 0.5.5 of Crypti software supporting sidechains / dapps.  This Version 0.5.5 software was made open source (a first for the current Crypti version, I think), placed in Github, and preparations were being made to replace the Version 0.5.4 Crypti software currently in use with this new Version 0.5.5.

At that time (Jan 2016), Crypti faced significant challenges.  Development funds were at zero and several original core developers were moving on to other projects.  Also, there was disorder among the 101 Crypti servers used to secure the blockchain.   These servers were run by volunteers receiving minimal rewards to cover their server costs.   Many original Crypti participants dropped out of the project and took their node servers offline.  More recent recruits did not stand up operational node servers as replacements as they should have.  Votes by all Crypti coin holders were not effectively utilized to keep operational servers in the top circle of 101 delegates.  
 
There were discussions and eventually disagreements among members of the Crypti Foundation members on what to do next.  To make a long story short, on Feb 1 Max and Olivier made a surprise move to create a fork of open-source Crypti called Lisk, start significant forging rewards of 150K in Year One for Lisk forgers to motivate their ongoing node participation, and start a fund-raising ICO to support a fresh technical development staff to develop Lisk 0.5.6 and beyond.

And here we are, five weeks later.

what's the difference between crypti and lisk, why if crypti dapps platform failed this one should success?

You are cute, do you come in non-broke child version as well?

They also didn't have much money to use for that contest either.

I get why you are posting... you want to knock Lisk so you can get a better price later on if it dumps on the exchange. Of course what you post now will have no effect on the price weeks from now, so I suggest you wait until the coin hits the exchange before going into FUD mode.

Probably shouldn't be so transparent either  -- not that everyone doesn't already know why people spread FUD (or hype).

I also won't say you are wrong, it's possible XCR people will dump. No guarantee they will dump below ICO prices however.

Let me guess, you bought LISK and try to keep investors away with FUD, so you get more LISK?

How sweet. And you're so perservering, page after page!

I admire that!

Just watching this project which backed by professional team, sent some coins there to ico because this coin will make new history as it is coming with more positive approach.

Perfect!  Thank you!

Yes of course

Please submit a support ticket, and we shall do our best to help you out.

https://lisk.zendesk.com/hc/en-us/requests/new

Otherwise come to https://lisk.chat/ and you can ask your question there.

Cheers

Yes, I saw that.  I got an auto-response that no one was available.  I'll keep trying.  I was curious if there was an email address available or something like that.

Yeah, I remember it has a live-chat for support.