[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2201.

MalReynolds

legendary

Activity: 938

Merit: 1000

My main problem is that most the BTC will be allocated towards big-fancy-lawyer and big-fancy-developer standards of living. These guys probably burn 50k euro per year per person on their personal expenses. They burnt through 750 BTC from crypti too fast, now they still have to pay their expenses, so they make up a new project and ask for more money.

Holy cow, Trader Joe. They brought YOU into the Hidden Underground Lisk Command Bunker where you learned all these top-secret facts and plans, but they didn't invite ME !?! Sheesh.

If we MUST indulge in fun, stupid gossip about a cryptocoin, let's talk about Ethereum and the mess they made of their ICO. Those guys raised $18M and promptly lost $10M of it in Bitcoin price speculation / depreciation. (Hint to Max - please don't let this happen to Lisk!) After losing over half the funds they raised, the Ethereum Foundation only spent $4M of it in their first 14 months.

https://www.reddit.com/r/ethereum/comments/2zoawi/ethereum_foundation_out_of_money_xpost_rbitcoin/cpkxg3y

They've undergone some major firings / reorganizations since then to get their dev effort running smoothly. Even so, their own internal leaked memos say that a functional Ethereum system is still years away.

http://cointelegraph.com/news/ethereum-launches-but-leaked-chat-says-project-needs-years-more

Vitalik himself acknowledged the Ethereum Foundation treasury at the start of 2016 has only $150,000 fiat, 640 BTC, and 2.5M ETH.

https://www.reddit.com/r/ethereum/comments/3wmctp/i_read_that_it_has_been_published_how_much/cxxei81

At current prices, that's ONLY $150K + $272K (from BTC) = $422,000 in liquid cash plus $15M OF THEIR OWN CURRENCY, WHICH MAY BE IN A BUBBLE THAT COULD POP.

And get this - Ethereum's initial burn rate ($4M in 14 months) was over $250K per month. If they started 2016 with only $422K, ETHEREUM COULD POSSIBLY HAVE ZERO CASH ON HAND TODAY.

So let me get to my main point.

Ethereum is NOT a big bad invincible monster against whom Lisk does not stand a chance.

In many ways - lean organization, and existing code base, and technology concept, and maybe even cash-on-hand, to name just a few - Lisk has Ethereum beat hands down.

stoner19

hero member

Activity: 752

Merit: 500

Yesterday I witnessed a very nice exchange between Max from LISK and Bill from Bittrex.com. This certainly doesn't guarantee anything, but I feel as though its another fantastic step toward a successful launch if things work out as we hope and LISK gets added to Bittrex.

Very much looking forward to things to come from LISK. Keep it up guys.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: patmast3r on February 24, 2016, 05:02:21 AM

That doesn't actually make any sense though.
I setup 50 delegates (on the botnet i controll so all vic machines that i don't pay nothing for), come to the forum with my 50 personalities and play nice. What ya gonna do about that ?

ROFLMAO!

Sorry, couldn't resist, as one who knows the story of UP I find it extremely hilarious!

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

can i move my lisk in another safe local account? than the exchange?

Emerge

legendary

Activity: 854

Merit: 1000

Quote from: sussex on February 24, 2016, 08:58:40 AM

Quote from: LiskHQ on February 24, 2016, 08:52:06 AM

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

I'm getting a bit fed up of this constantly repeated trope.

Of course your BTC share inside the ICO remains the same, because there is no opportunity to sell it. The number of coins you get for your BTC, however, will continue to fall as long as others join in the ICO.

As soon as the coin hits the exchanges, the number of coins that you own becomes crucial, so stop trying to imply that it has no relevance.

I'm sure you know nothing about the word "investment" now do you?

Nxtblg

legendary

Activity: 924

Merit: 1000

Just sent a small amount in. Here I go again...

LiskHQ

hero member

Activity: 546

Merit: 509

Decentralized Application Platform

Quote from: lisk999 on February 24, 2016, 10:34:35 AM

I have sign up for the newsletter,
liked you on facebook
and follow you on twitter.

How do I claim my reward in Lisk from you guys?

Thanks

https://lisk.zendesk.com/hc/en-us/articles/207076399-I-participated-in-the-bounty-campaign-how-do-I-receive-my-LISK-

lisk999

newbie

Activity: 4

Merit: 0

I have sign up for the newsletter,
liked you on facebook
and follow you on twitter.

How do I claim my reward in Lisk from you guys?

Thanks

LiskHQ

hero member

Activity: 546

Merit: 509

Decentralized Application Platform

Quote from: sussex on February 24, 2016, 08:58:40 AM

Quote from: LiskHQ on February 24, 2016, 08:52:06 AM

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

I'm getting a bit fed up of this constantly repeated trope.

Of course your BTC share inside the ICO remains the same, because there is no opportunity to sell it. The number of coins you get for your BTC, however, will continue to fall as long as others join in the ICO.

As soon as the coin hits the exchanges, the number of coins that you own becomes crucial, so stop trying to imply that it has no relevance.

The first part is very clear to you and me. But not to the new members joining this thread. Therefore I always have to repeat some things. In the last days I told hundred of people the same thing over and over again. This is very normal. Regarding the part I underlined in the quote:

It can be that my thought is wrong here! But I see it as this:

The number of coins you hold is not crucial, it doesn't matter.

Let's make an example(!) comparison:

Case 1:
We collect 100 BTC in the ICO, that means our initial market cap is 100 BTC:

- User A who exchanged 1 BTC receives 1,000,000 coins.

Case 2:
We collect 1,000 BTC in the ICO, that means our initial market cap is 1,000 BTC.

- User A who exchanged 1 BTC receives 100,000 coins.

Now our market cap rises, let's say times 2. In both cases User A will have coins, which are worth 2 BTC. Exactly the same.

NOW! If you say that a coin with a small market cap can rise more and faster. Then this may be the case for a pump and dump within the first few weeks. But long term this is absolutely nonsense! Here all what matters are the management skils of the C-level executives.

Take a look at Nxt, which started with a small market cap. It's now bleeding out because there is no capital and no management. Take a look at Factom or Ethereum, which started with a big market cap. They are doing great!

favdesu

legendary

Activity: 1764

Merit: 1000

Quote from: MalReynolds on February 24, 2016, 07:47:05 AM

Quote from: johny08 on February 24, 2016, 06:45:55 AM

so how is sale going ?

770+ BTC so far!

congrats on that. looks like a successful ICO

cyberhacker

legendary

Activity: 1330

Merit: 1000

Quote from: ?? on ??

My main problem is that most the BTC will be allocated towards big-fancy-lawyer and big-fancy-developer standards of living.

These guys probably burn 50k euro per year per person on their personal expenses.

They burnt through 750 BTC from crypti too fast, now they still have to pay their expenses, so they make up a new project and ask for more money.

Hmmm.

I guess more smart persons are showing up here.

Vega

hero member

Activity: 739

Merit: 500

Quote from: ?? on ??

My main problem is that most the BTC will be allocated towards big-fancy-lawyer and big-fancy-developer standards of living.

I was tallking about something similar a few posts ago. The big difference is that I asked about their plans and expressed concern, while you state your opinions as facts. This is not the first, it seems that is your way. You simply know these things, which is pretty rich from someone who a few days ago believed crytpi initially raised 8500 btc, and doesn't know the difference between java and javascript.

sussex

hero member

Activity: 658

Merit: 500

Quote from: LiskHQ on February 24, 2016, 08:52:06 AM

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

I'm getting a bit fed up of this constantly repeated trope.

Of course your BTC share inside the ICO remains the same, because there is no opportunity to sell it. The number of coins you get for your BTC, however, will continue to fall as long as others join in the ICO.

As soon as the coin hits the exchanges, the number of coins that you own becomes crucial, so stop trying to imply that it has no relevance.

HYPERfuture

hero member

Activity: 686

Merit: 500

HYPER project manager and PR + GoldPieces [GP]

Quote from: cyberhacker on February 24, 2016, 08:47:42 AM

I am think why these boys cheering all BTC raised.

the more BTC they raised, the less LISK you get, and the marketcap will be a ceiling which will never be broken after ICO.

what hell they are thinking?

or they can get virtual orgasm from all BTC raised so far?

If you look at ETH and some other projects, the ICO was not a ceiling.

Higher market cap is good for everybody this is really strange logic.

I am contemplating using LISK for Crypto Galaxies Blockchain Based Space Strategy MMO: https://bitcointalksearch.org/topic/pre-ann-crypto-galaxies-blockchain-based-space-strategy-simulation-and-mmo-1374470

Any word on when Lisk will have a decentralized cryptocurrency exchange app?

LiskHQ

hero member

Activity: 546

Merit: 509

Decentralized Application Platform

Quote from: 3x2 on February 24, 2016, 08:46:43 AM

Quote from: Ayers on February 24, 2016, 08:22:06 AM

so how much 1 lisk cost in bitcoin right now?

1300 Sat.

NO!

Right now it's about 1397 satoshi and will continue to go up. https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=1360974801

Quote from: cyberhacker on February 24, 2016, 08:47:42 AM

I am think why these boys cheering all BTC raised.

the more BTC they raised, the less LISK you get, and the marketcap will be a ceiling which will never be broken after ICO.

what hell they are thinking?

or they can get virtual orgasm from all BTC raised so far?

More BTC means more capital to make Lisk really big. It's wrong to think that the less a coin collects, the more you will get. It's very important that a project gets as much capital in the beginning as possible. Take a look at Ethereum, they collected $18.4M. They used the money to promote their platform like crazy and now they have a $430M marketcap.

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

cyberhacker

legendary

Activity: 1330

Merit: 1000

I am think why these boys cheering all BTC raised.

the more BTC they raised, the less LISK you get, and the marketcap will be a ceiling which will never be broken after ICO.

what hell they are thinking?

or they can get virtual orgasm from all BTC raised so far?

3x2

legendary

Activity: 1526

Merit: 1004

Quote from: Ayers on February 24, 2016, 08:22:06 AM

so how much 1 lisk cost in bitcoin right now?

1300 Sat.

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

so how much 1 lisk cost in bitcoin right now?

operabit

legendary

Activity: 1162

Merit: 1000

Lisk: ICO Mendapatkan Lebih 1000 BTC Dalam Dua Hari (Indonesian)

http://blogbitindo.com/2016/02/24/lisk-ico-mendapatkan-lebih-1000-btc-dalam-dua-hari/

LiskHQ

hero member

Activity: 546

Merit: 509

Decentralized Application Platform

Quote from: sandiman on February 24, 2016, 08:16:17 AM

Where can we see how is the ICO going and how much different cryptocurrencies have been invested?

You can see the total BTC, total XCR and the total BTC from altcoins. On https://ico.lisk.io/.

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