Author

Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2157. (Read 3074324 times)

full member
Activity: 208
Merit: 100
Won't the collected btc and xcr be burned when the list money supply is created? I mean, it has to be. Otherwise what's the point? I seriously hope it will be burned in a verifiable way. If not, and the two guys will get to use this sum, this project will die before it's born.

Update: Found this on the ico terms:

"All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition."

Paid out to whom?
hero member
Activity: 504
Merit: 500
Communications Lead
Hey guys, I noticed there was no Avatar for it yet so I took the freedom to create one myself real quick, feel free to use it if you like: http://imgur.com/UbeUSrH

Ps. Although I must say I think the whole logo should maybe be reshaped, or reworked and some simpler that people remember more easy. Smiley

Nice! Looks great.  Cool

I'm not understanding how will you monetize all those crypti, 36M crypti it's a really large amount to sell. Or are them yours from the crypti project and this is a nice way to convert them in something better, lisk in this case without make it clear....

They probably wont monetize it, it'll be really tough selling those Crypti once the Lisk platform is out. Let's see what happens.

If you want to learn why they took Crypti though, there's a short explanation on the FAQ's

https://lisk.zendesk.com/hc/en-us/articles/207134329-Why-do-we-accept-XCR-
member
Activity: 812
Merit: 10
https://hovr.site/
I'm not understanding how will you monetize all those crypti, 36M crypti it's a really large amount to sell. Or are them yours from the crypti project and this is a nice way to convert them in something better, lisk in this case without make it clear....
sr. member
Activity: 574
Merit: 250
Hey guys, I noticed there was no Avatar for it yet so I took the freedom to create one myself real quick, feel free to use it if you like: http://imgur.com/UbeUSrH

Ps. Although I must say I think the whole logo should maybe be reshaped, or reworked and some simpler that people remember more easy. Smiley
sr. member
Activity: 440
Merit: 250
http://taas.fund
Its their startup, they deserve it. Would you take all the billions from Mark Zuckerberg  ?

LOL, yes.... Zuckerberg is a government stooge. A rich government stooge.

As for this ICO, I wish I had more BTC to invest right now... but I'm working on it!
legendary
Activity: 1358
Merit: 1001
Its their startup, they deserve it. Would you take all the billions from Mark Zuckerberg  ?
hero member
Activity: 574
Merit: 500
-snip-

if your balls can't handle this kind of risk then you shouldn't be here.
hero member
Activity: 504
Merit: 500
Communications Lead
Are you seeing registering dapps as the main factor for demand variable in lisk ?

If so, do you think 500 lisk will be cheap enough for developers to publish ? will be this fee variable in time ? how many developers you estimate will register dapps with lisk ?

No. I think that the dapps will be the main demand factor to buy LISK. If you need LISK in every dapp, you will buy more LISK. Wink


How will the Lisk of the core team be handled? Is it split between you two, or will it be split under the full team? How much will be sold on the market, and when?
Additionally, are there plans for a bug bounty program?

It will be split between Oliver and me. That means 4M to Oliver, 4M to me. You will be able to see the addresses on the blockchain explorer. How much and at what time (or if) we will sell, will depend on many things. But I can tell you that I will hold my LISK for a long time. We have years to come in which we can develop the platform, why should we sell after X months already? Wink

If you plan on holding long term, how about creating a contract that release a percentage of your LISK based on specific conditions? Some factors could be time and market cap.

I agree, this would be an excellent strategy for the developer funds.

WTF ?!?!  This a serious RED FLAG !!!

The two Lisk Devs plan to split all 8 Million Lisk between them 50/50, 4M to Oliver, 4M to Max ?!?!

I can already see huge flaws with this plan:

. Who's going to pay for future development, future staff, future campaigns, etc... Oliver or Max ?

. What if one of them suddenly decides to dump his 4 Million? Manipulate the market? Crash Lisk price & buy low again ?

. Why not set up a public CONTRACT or ESCROW to see how that 8 Million Lisk for the 2 Devs is released/spent?

This is detrimental flaw that must be be addressed ASAP

Now watch the Lisk shills attack me to keep the sheepple quiet.


This has been brought up several times this past few days. It's good that you are concerned and are questioning this, but no need for the huge bolded red and blue letters, let's keep it civil.

Max and Oliver have been transparent throughout the ICO, if the community has concerns over the 8M being split between the core members, I am sure they will find a solution, or a compromise if need be.

As stated in previous posts, there are still some ironing out in details of certain aspects of the project. Max has been busy detailing a Delegate Handbook for those interested in becoming a Delegate. After the final draft is approved, he will focus his attention into detailing a business plan and fund management.
hero member
Activity: 504
Merit: 500
Communications Lead
All the future development and programming and hiring more staff members will be paid from the 8M of the 2 members of the Core team?

No, that's what the ICO was for.

Concerning the 8M LISK the core team will receive, they have not provided details on what will happen to them other than "They will be held for a long period."
member
Activity: 76
Merit: 10
All the future development and programming and hiring more staff members will be paid from the 8M of the 2 members of the Core team?
hero member
Activity: 504
Merit: 500
Communications Lead
Hey guys, over the past few days I've been working with Max and Oliver on improving the ICO documentation. Here I present the draft (prior to an official release) open to suggestions from the community. Take a look, if there's something that you feel needs more attention or more information don't hesitate to suggest it or leave a comment in the document itself.

http://bit.ly/1RNPTbK

Let's make Lisk go to the moon, together! Smiley
legendary
Activity: 1358
Merit: 1001
I dream the Lisk will be at billion dollar marketcap before the end of the 2016  Tongue
member
Activity: 70
Merit: 10
Already a very successful ico. Congrats to max Smiley

True, it is kinda hard to believe that the ICO is already close to 2100 BTC donations even after excluding XCR donations.

Congrats to Max & Oliver and the community as well!!
legendary
Activity: 1764
Merit: 1000
Already a very successful ico. Congrats to max Smiley
newbie
Activity: 25
Merit: 0
An idea for a Dapp...

A Descentralized Bank/Pawn Shop.

Nowadays the main problem of banks like BITBOND or BTCPOP is that they don't provide trust. A bank combine two things that today we don't have simultaneuosly in crypto: i. the enforcement of a contract and ii. a real garantee.

i. The enforcement of a contract we can get from ethereum. I've just heard of Slock.it (check it out!), they are promissing a rent plataform, it reminds me UBER for everything, basically. Thru them, in a contract we would just estipulate values, profits and lending time;

ii. A real garantee would come from anything, from a pen (as in a pawn shop) to valuable/important storaged data/large ammounts of non-liquidy crypto (as in a bank). The plataform that can do this is Safex.io (a SAFE Exchange for MAID, just like Ebay). Thing is that negociations between buyers and sellers would be anonimous.

So, dealing with an Ethereum plataform and SAFE network isn't an easy task..but in Lisk habitat that may be easier. Think of a central Dapp that joins Slock.it data and Safex.io data (inputs and outputs). There could be a specific Dapp to acquire data from other crypto blockchain, and another to output this data. And a head, the Descentralized Bank/Pawn Shop. You will need gas, but Lisk could be provided for it as part of a "fee".

Please, i'm no programmer, just saying... Also, Stock.it or Safex.io are not implemented (they will be soon...). So, keep this idea in mind, I and pratically every crypto user are looking for a trustful bank...if someone of you guys create this, you will be rich and a bunch of people will be happier.

Poor english, sorry.

P.S.: Actually, there is a third advantage in this Descentralized Bank/Pawn Shop, that real banks don't have: Anonymity!
member
Activity: 220
Merit: 11
I totally agree with you @Splatters, se see where it arrives later this year.
legendary
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
even if it reaches 10k sat after ico is too cheap, it will moon from that price
member
Activity: 434
Merit: 86
Community Manager
Lisk beyond the moon, I'm sure Grin
hero member
Activity: 980
Merit: 501
signature add

Name:    creativeeditors
Posts:    69
Activity:    69
Position:    Member

hero member
Activity: 664
Merit: 500
Bought a little. Let's see what will happen next.
Jump to: