I have to say I'm pretty suprised how successful this ICO is.
This is some nice money, that you can use to build a community and make real progress.
Of course I've been sitting on a few million Crypti since 2014 thinking the same thing. That ICO money went somewhere, presumably mainly for developer salaries.
All things considered I'm happy that you decided to fork, crypti devs "mission accomplished" attitude pissed me off.
I'm interested how you are planning to spend the funds. I'm sure planning this out will take time, so not asking for specifics, but really don't want to see history repeat itself and see Lisk die after bulk of the ICO money spend on salaries. Pay yourself for the job, and pay well, but your real reward should come if and when Lisk becomes successful.
Vega your good thoughts deserves a reference.
I as well thought the foundation would be a good idea but it proved to be not that effective leading to the birth of this coin.
well planned budget and burn rate are a must.Back than with Crypti i suggested setting up a lock periods on the funds with vesting mechanism. SyRenity's answer was that there is no need for that due to the foundation, which we all agree was underperforming... I believe we should address this as well at this point.
Seeing how they dealed with their former partners, community and the foundation problem is the main reason, i jumped in.
I wasn't really a core crypty community member, but see, thing that unfolded, had probably more to do with this foundation approach then with people i totally agree. Foundations have a place, where they a doing a good job, but as often, the "Bug" and the "Feature" of Foundations are simply the same thing.They are slow and have blown up decision processes. They are not made, to outsource management for a modern fast moving bunch of people. This overhead, elephant characteristic, at the same time, make foundations a Superstar if it comes to preserve a certain policy over generations, like managing raised funds for nonprofits, where they often are a ROCK of stability in that terms. But every use outside this field is doomed to fail (BitcoinFOUNDATION
the structure makes even good guys to bad guys sometimes. (same for governments)
I did spend that much thought on that, because this story was for me, one of the key points to trust our current team. Though i also pay cryptis expenses, by joining this ICO (say thank you crypty
), i liked to see the way, they took care, not to leave the old community behind. If a project failed its always a source for stress and even friends that experienced such thing, but stayed REAL friends, after the "crash"· are fucking seldom. For me prove of a great personallity, to do business with. Jep, that's what convinced me, to jump in (plus the great idea to work with javascipt of course)...
so long
Matthias
.