What are you doing with the earned XCRs?
First of all we will hold them for 1 month. Then we will see what we do. Depends on the Crypti network health and market size.
Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2152. (Read 3074169 times)
March 07, 2016, 05:39:37 AM
First of all we will hold them for 1 month. Then we will see what we do. Depends on the Crypti network health and market size.
March 07, 2016, 05:36:34 AM
Millions of programmers understand JavaScript!! LISK is will be user friendly. User friendly interfaces usually wins in the end. If the masses don't understand they don't tend to invest. The more individuals that can grasp LISK without struggling the more trust that LISK can gain. Which will lead to a higher value per individual LISK.
This didnt help Crypti - DaPP contest failed 
Can we start developing DAPPs already? Is everything available?
You can try on Crypti 
March 07, 2016, 05:32:55 AM
What are you doing with the earned XCRs?
March 07, 2016, 04:42:37 AM
Just for all those who complain about
8% of Lisk supply owned by devs.
Look at ETH, and 12% in devs pockets.
... and ethereum is in top 5 coins.
There is a very clever minds
behind both projects. Something must
to back for all this hard work.
8% of Lisk supply owned by devs.
Look at ETH, and 12% in devs pockets.
... and ethereum is in top 5 coins.
There is a very clever minds
behind both projects. Something must
to back for all this hard work.
Ethereum devs didn't split the 12% between themselves, it is still locked inside an ETH contract visible to the public:
https://www.etherchain.org/account/0x5abfec25f74cd88437631a7731906932776356f9
OTOH, Lisk devs blatantly said they plan to split the 8% Devs share between them two 50/50, with no contract, no nothing...
I'd like to see the Devs come forward and address this issue once for all. We can't just take their word that they "plan to hold their Lisk for a long time":
https://bitcointalksearch.org/topic/m.14105599
I will give you an answer only one time, all terms were clear before the ICO and are still clear. That means bitarri, if you don't like the fact. Then I advise you to not participate in the ICO. Thank you very much for your concerns though.
And now a few facts:
Ethereum's dev funds aren't 12%, they are 12M ETH. That means a total of 16.53% of the genesis block. They were worth about $305,000 at launch and now they are worth about $120,000,000.
While it is correct to state that the funds are locked down in a "contract" you can't come and say that this contract is something special. It's simply a smart contract, which has a special purpose. This purpose is only a 4 of 7 multi-signature account (according to this). Nothing more, nothing fancy like milestones or so. I don't know if they "promised" to pay the ETH out at specific milestones, but in the end that's just a promise. The multi-signature account doesn't prevent them to cash the ETH out, it just makes the account more secure. (I don't care about that, I'm just referring to what you say. For me Ethereum had all the rights to get 12M ETH.
)Lisk's dev funds are 8%, less than the half of Ethereum's. Our ICO currently collected 1/18 of the Ethereum ICO. That means right now the Ethereum team collected 36 times more for themselves than we do. If we have our funds in control by 2 people that means we are effectively in the same state as Ethereum with 4 people at 2x the amount. If we split the 8M into 4M/4M to each other, it's the same as well.
Our 4M are always visible in the blockchain and if you see them moving to an exchange, you can make your decision and sell. Due to the 8M it isn't our single goal to make an awesome platform and get many dapps. With these 8M we also want that the LISK price rises. If we now make up some artificial milestones, it will only come to problems. I saw this at many other projects already.
We formulated the terms before the ICO started and they are final. Until now over 1450 unique persons participated in our ICO and agreed to the terms. I don't really want to change things, but maybe we can add some more points like a contract. We will definitely address it in our business plan.
If you seriously have concerns over the 8M, please add me on Skype (ask via PM) and I will hear your reasons. Then we will find a solution. Maybe with a contract with Axel Hellinger. Or with a multi-signature account on Lisk. Thanks.
March 07, 2016, 04:28:38 AM
Coinbase - 2nd Proof of Funds
You're going to need to find the burn button in that app somewhere and press it.
Looks like some people in this thread have found such button for their brain and pressed it
March 07, 2016, 04:17:59 AM
So, no mining and 101 nodes get rewards... whats in LISK for small fish?
You can set up a Delegate and be one of the 101 Active Delegates. You just need votes to get you up there. So campaigning through the forums and the rocket.chat helps you get votes.
Not only that, Lisk is Decentralized Application Platform, you can build Dapps and monetize how you desire.
If I want to set up a node now for example.
will I get rewards already?
will I get rewards already?
Nope, it's on a testnet so no rewards right now.
If you decide to be a delegate when the real network comes out, you will need to register your node and then you need to accrue votes so that you join the 101 Active Delegates.
In summary, the highest voted 101 Delegates will become the Active Delegates.
If you're not in the 101 Active Delegates, you will be a Standby Delegate. If you get more votes throughout time, you have a chance to join the 101 Active Delegates.
Quick Example:
Active Delegate (Tony) #101 has 35.30% of votes
Standby Delegate (Steve) #102 has 34.30% of votes (In order to get into the 101 Active Delegate, Steve will need an additional 1% of voting to take over Tony)
March 07, 2016, 04:11:02 AM
If I want to set up a node now for example.
will I get rewards already?
will I get rewards already?
March 07, 2016, 03:48:40 AM
So, no mining and 101 nodes get rewards... whats in LISK for small fish?
March 07, 2016, 03:47:40 AM
interesting ...
keeping an eye on this one ...
#crysx
keeping an eye on this one ...
#crysx
March 07, 2016, 03:18:21 AM
in the wallet why my rank for mining come down ? I was in rank 205 and now 236 
March 07, 2016, 01:28:19 AM
Wow, the ICO speed like a rocket.
March 07, 2016, 12:11:30 AM
Can we start developing DAPPs already? Is everything available?
There is a testnet which allows you to play with a webclient for LISK right now. However I am not sure if DAPPs are developable yet
March 07, 2016, 12:09:05 AM
Can we start developing DAPPs already? Is everything available?
March 07, 2016, 12:00:59 AM
what is the difference between Lisk forging and Eth mining?
Lisk uses DPoS (Delegate Proof of Stake) while Ethereum uses PoW (Proof of Work)
Only 101 nodes may forge in Lisk (active delegates). They are the ones securing the network while processing transactions and making sure it runs smooth.
Forging in Lisk also distributes the block rewards to every active delegate.
March 06, 2016, 11:53:04 PM
what is the difference between Lisk forging and Eth mining?
March 06, 2016, 10:03:59 PM
I plan to buy in during the initial dump after launch.
This ICO is over-invested.
This is not the same as ethereum, where you had a well-funded team of people supported by banks, and lead by a guy who got a standing ovation at a major conference when he announced ethereum.
This ICO is over-invested.
This is not the same as ethereum, where you had a well-funded team of people supported by banks, and lead by a guy who got a standing ovation at a major conference when he announced ethereum.
My thoughts exactly.
I'll wait and buy during the inevitable dump that always happens after launch.
Lot of early investors that are pumping here are waiting for launch to cash out their bonuses on day 1.
Cash out before bubble is bad idea. Smart poeple holding coins and selling with great profit.
Those who selling asap are retards who usually are buying back at the top of bubble with butthurt "why did I sell so early?!".
Buying Lisk ico is smart money phase. People will hold. After Eth bubble poloniex will need another great coin to pump.
It should be new coin - eth competitor is best idea. You cannot pump xmr and dash over and over.
Lisk has chance to be this coin. This is HODL coin, not sell asap imo.
March 06, 2016, 09:57:30 PM
My thoughts exactly.
I'll wait and buy during the inevitable dump that always happens after launch.
Lot of early investors that are pumping here are waiting for launch to cash out their bonuses on day 1.
I considered doing the same. But there is no guarantee that the dump ends up being below ICO prices.
Or below XCR prices (if you got XCR cheap enough on the exchanges). For a lot of us, the exchange rate can go below ICO levels and we are still in profit (however meager it may be), so that's an alternative to waiting and buying later. Admittedly it's probably not so easy to do now ... XCR prices have crept up.
March 06, 2016, 09:46:25 PM
Millions of programmers understand JavaScript!! LISK is will be user friendly. User friendly interfaces usually wins in the end. If the masses don't understand they don't tend to invest. The more individuals that can grasp LISK without struggling the more trust that LISK can gain. Which will lead to a higher value per individual LISK.
March 06, 2016, 09:44:12 PM
Just for all those who complain about
8% of Lisk supply owned by devs.
Look at ETH, and 12% in devs pockets.
... and ethereum is in top 5 coins.
There is a very clever minds
behind both projects. Something must
to back for all this hard work.
8% of Lisk supply owned by devs.
Look at ETH, and 12% in devs pockets.
... and ethereum is in top 5 coins.
There is a very clever minds
behind both projects. Something must
to back for all this hard work.
March 06, 2016, 09:08:39 PM
I don't understand why people complain about the 8% core team ICO, it's way less than most offers (with the exception of IOTA) and even if they raise $1 million or more, it's at current value only $80.000, which is not much for talented coders time for a few months.
Some people are arguing non-sense stating things such as why they should get the 8%. (Ignore these people)
Others are trying to clarify what will be done with those funds. (These have some reasoning)
Now, it all comes down to detailing fund management. The Lisk team has mentioned several times they have not begun detailing the business plan and fund management, right now they have other things in mind.
Once the business plan document begins drafting, I expect they will include detailed information on the 8% core team funds and the usage of ICO funding.
This is where people should understand that no matter what they decide, be it releasing them immediately after launch, or release them by setting milestones (e.g. android client ready), or releasing them after some time (e.g. 10% of the total fund every quarter for two years), you will have to respect their decision and live with it. It is up to them to decide, and they will discuss it between themselves.
Ethereum current value is the result of the combined efforts of the huge team that gets paid from Ethereum ICO. Anyone who thinks the 2 Lisk Devs can achieve the same results alone without hiring future staff is utterly naive.
The Lisk ICO clearly state:
• 8,000,000 LISK for the Lisk core team.
The fact that they plan to split those 8m Lisks 50/50 between themselves clearly shows that Lisk Devs have no intention to hire any future staff, otherwise they would have set most of the Core team share aside or under contract to cover future payroll.
So tiring. So very tiring.
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