Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2161. (Read 3074169 times)

Donors are not customers.  People who will put dapps on Lisk sidechains are the customers here.

Donors will not make a profit during this ICO.  Donors are not SUPPOSED to make money during this ICO.  

The point of donating to Lisk was to put a big pile of resources in the hands of Max and Olivier so they could improve Lisk beyond Crypti 0.5.5 and make Lisk THE major player in sidechains and dapps.

Now that resources are being put in their hands to accomplish the goal you originally donated for, you suddenly want to take some of those resources OUT of their hands just because it is becoming a BIG pile of resources?

That's greed talking.  

Get a grip on yourself.  Stick to the original reason why you made the donation to Lisk.

Profit comes later, as the Lisk code versions go past 0.5.5 and the open market rewards increasing capabilities in Lisk by increasing its value on the exchanges.

Except those customers have already purchased the product (1st day even) so there is not only little incentive to increase the bonus, it doesn't exactly make sense financially.

I understand why you ask (who doesn't like free coins), but being realistic, it wouldn't seem like it'd make much sense to just give away 1.8M coins for no real reason.

Everybody sees money on the table from a successful ICO and now want to grab a bigger piece of the unexpectedly big pie.   These large sums we are receiving give the founders MUCH more capability and motivation to improve Lisk in the future and see its market cap grow by doubling over and over.  Giving the guys in the driver's seat of Lisk this chance is MUCH more important than bumping up the donor's holdings by a paltry 14% today, only to see future growth stunted and perhaps not even double once.  

Look beyond your greed.  Control your jealousy.  Trust the guys who have put this together and give them some resources and room to run this Lisk ball down the field for a major score in the future.

i agree. maybe you can increase the first day bonus from 200,000 to 2,000,000.

as they always say, your customer is your most important asset.

Let's explore your thinking here in more depth.  

So we've got Lisk, run by Max and Olivier (LiskHQ and Karmacoma).  Ten days into its very-successful-so-far ICO, Lisk has an effective market cap of $1.2M - check the spreadsheets.  In the driver's seat of Lisk are  two guys who are setting up a Lisk Foundation to fund further development of Lisk after ICO.   They are setting aside 15% of the market cap or 1.2M * 0.15 = $180,000 which is supposed to fund and incentivize additional efforts to improve Lisk beyond the $721K development fund.  This 15% gets split into two parts.  They are splitting 8% of the market cap to themselves as founder rewards, so they are each getting founder-reward Lisk currently worth $1.2M * 0.04 = $48,000 each.  They are also setting aside 7% of the market cap tworth $1.2M * 0.07 = $84,000 to give to others as bounties and consulting fees after Lisk launch.

And we've got OtherLisk, run by Blockchainr.  Ten days into its very-successful-so-far ICO, OtherLisk has an effective market cap of $1.2M - check the spreadsheets.  In the driver's seat of OtherLisk is one guy who is generously limiting his founder reward to 1% for starting OtherLisk, so the other investors in Otherlisk can increase their holdings in this coin by only 14% compared to Lisk.   Blockchainr is thus limiting his own personal founder reward to $1.2M * 0.01 = $12,000.  Blockchainr is also setting aside zero OtherLisk and thus $0 to give to others as bounties and consulting fees after OtherLisk launch.

After Lisk launch, if Max and Olivier work hard to double the market value of Lisk, then their founder's reward holdings will go up to $96,000 each.   Thus they BOTH have an personal bonus incentive of $48,000 to work hard and double the market value of Lisk.  In addition to the $720K dev budget, they also have an extra $84,000 in resources they can spend on social bonuses and consultants to double Lisk market cap and achieve their $48K bonus.

After OtherLisk launch, if Blockchainr works hard to double the market value of OtherLisk, then his founder's reward holdings will go up to $24,000.   Thus he has an personal bonus incentive of $12,000 to work hard and double the market value of OtherLisk.  Except for  the $720K dev budget, Blockchainr has no other money he can spend on social bonuses and consultants to double OtherLisk market cap and achieve his $12K bonus.

So...be honest.  

Which coin will probably get more donations , Lisk or OtherLisk?

Who will have more motivation to put in the (identical) amount of hard work required to double the market value of Lisk/OtherLisk:  Max& Olivier, or Blockchainr?

Who has more resources available to double the market value of Lisk/OtherLisk:  Max& Olivier, or Blockchainr?

Are 14% greater coin holdings by donors of OtherLisk enough compensation for them to accept having only one core dev (instead of two), who is four times less motivated than his Lisk rivals, and has no additional social / consulting funds at his disposal to further promote Otherlisk?

And your point being what exactly, that the original XCR coder wishes to support Lisk, so he makes money? I mean, so what? Of course he wants to make money, it's just more of an incentive for him to help Lisk increase in value. If he makes money, so does every investor.

First off, I am happy to have a conversation with you, if you please post like a normal human... meaning just use a regular font and bright colors are not needed. Giants fonts/bright colors just scream 'troll'. It doesn't make your points any more valid than if someone starting screaming their arguments.

And yep, we all know where Lisk originates from. It's a fork of XCR, and the two devs who forked it were very active over on the XCR side of things. It's not like 2 strangers decided to fork it. I didn't follow XCR for some time, so don't know how long they worked over there, but assume it was some time... therefore they'd have every right to fork the coin if they felt they could improve things.

The value in the coin over another clone would be in the team behind it, ICO money used for marketing, and I believe even the lead dev of XCR has agreed to be an adviser on the coin. Lisk will be the new XCR. If other devs wish to clone it, so be it, but they won't have those same advantages.

Max and Olivier have done a hell of a lot of work already in putting together a social structure and a software tool structure for Lisk.  They deserve good pay for that good work.  Period.

And I for one do not mind their being highly incentivized to get rich if Lisk demand goes up drastically.  My Lisk holdings will go up by the same percentage factor as theirs after the end of the ICO and coin launch.

Question I'd have for you is ... do you believe devs of a coin should be compensated for their work? If yes, how much do you think they should make?

Right now every Lisk owner has $0. Nobody has sold a coin that doesn't exist yet. But let's say the devs share is worth $250K when the market opens. Okay, so the two devs make 125K (assuming they sell immediately, btc price remain stable). Or basically what a good programmer makes in a year or so.

Maybe it's just me, but I'd rather devs make their money in an upfront manner by stating how much coin they are getting, vs the other way devs usually make their money (pre-mines, instamines, ICO manipulation). Nobody should fool themselves into thinking devs do this for fun, or they don't try to make money from their endeavor.

The simple fact remains, if devs for a coin are active, ICO funds are used to market/develop a coin, everyone usually wins.... devs + investors (well, until whales do their pump/dump thing, but that is later on).

I have open a new thread, because nobody want to answer me. 

https://bitcointalksearch.org/topic/lisk-price-speculation-1386914

I hope that amount of 8,000,000 for core team also decrease when BTC ICO deposit increase (?)

50:50 for Olivier and Max. (i.e. 4M to Olivier, 4M to Max)


You can't send Crypti from an exchange (like Poloniex), only from your wallet. The address you specify needs to have a public key. That means its balance had to be over 0 at one point in the past.

What do you think, at what Marketcap we will see LISK

1. at the Start
2. after 1 Monath
3. after 1 year

?

8,000,000 LISK for the Lisk core team.
The Lisk core team will receive 8,000,000 LISK.



How will this be split among the Lisk Core Team? How many people are in the core team?

I love theoretical discussions.  One always learns much at the edges of the possible.  

In a perfect world, all current BTC owners would donate all their BTC to buy Lisk in the next 16 days.  This 15M BTC would "buy" 85M Lisk.  So every person that donated 1 BTC would get 85/15 = 5.66 Lisk.  Each Lisk would then have a satoshi value of 100,000,000 / 5.66 = 17.667 million satoshi.  In this scenario a single Lisk would have a value in USD of (17.667M / 100.000M) * 422 USD / BTC = $74.55 .

I dream of this day.

From the daily totals so far, we are going to have to really pick up the donation pace to hit the above scenario:  

Day 1&2 3 4 5 6 7 8 9 10

Donated BTC 801 44 132 109 190 107 63 69 113

I stand corrected... theoretically!

My predict is in opening Lisk value 0.01$ on exchange, but first day it's drop 0.006$ cause first investors sell their Lisks after1 month later it is again 0.01$, maybe 6 months later you make double your money.

You couldn't actually, as there is only 15 million BTC in circulation and the ICO has 85 million Lisk.
Theoretically.

But.....

You could 'theoretically' end up owning only 1 LISK per BTC if there's enough money invested!!

Awesome. Updated mine as well. You might need to delete your cache to see the changes.