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Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2202. (Read 3074169 times)

hero member
Activity: 560
Merit: 501
Where can we see how is the ICO going and how much different cryptocurrencies have been invested?
legendary
Activity: 938
Merit: 1000

If u check the price it says, the price for 1 lisk will be 1397 satoshi.

And the early investors are buying 1 lisk for 1300 satoshi, and the coin has only been released 2 days.


The price of Lisk and the amount of coins given to each individual participant will change as the ICO progresses and more people buy into it.

You're also assuming that the price will stay the same or rise after Lisk hits the exchanges.... which isn't a foregone conclusion.

Sorry, but this is not a correct way of looking at the ICO.   The early investors are NOT buying 1 Lisk for 1300 satoshi.  Instead, the XCR held by the early Crypti investors is being accepted at a fixed price of 1300 satoshi as it is exchanged for "equivalent" BTC which is used to buy Lisk.  This is not the same thing at all.

The original intrinsic value of everybody's donation stake (whether BTC or XCR) will be preserved at its original value during the ICO.  As more people come in, the share of coins you get goes down and their value goes up to compensate.  Nobody makes or loses any money during the ICO.  In particular, the Crypti exchangers are already getting less than one Lisk for each 1300 fixed-satoshi-price Crypti they exchange, as seen by this chart:

https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit#gid=763738405

Crypti exchangers are going to get fewer and fewer and fewer Lisk for their Crypti as this ICO goes on and the value of a single Lisk increases.  When the ICO is over and the free market takes over, it is a whole new ball game as Sussex correctly says.  Then, Max and Olivier and everybody else supporting Lisk will just have to work harder and harder harder to keep the price of Lisk headed up.

And that's the plan.
hero member
Activity: 546
Merit: 509
Decentralized Application Platform

If u check the price it says, the price for 1 lisk will be 1397 satoshi.

And the early investors are buying 1 lisk for 1300 satoshi, and the coin has only been released 2 days.




The price of Lisk and the amount of coins given to each individual participant will change as the ICO progresses and more people buy into it.

You're also assuming that the price will stay the same or rise after Lisk hits the exchanges.... which isn't a foregone conclusion.

Nickenburg, people are selling 1 XCR for 1300 satoshis. Not buying 1 LISK for 1300 satoshi. Smiley
legendary
Activity: 938
Merit: 1000
hero member
Activity: 658
Merit: 500

If u check the price it says, the price for 1 lisk will be 1397 satoshi.

And the early investors are buying 1 lisk for 1300 satoshi, and the coin has only been released 2 days.




The price of Lisk and the amount of coins given to each individual participant will change as the ICO progresses and more people buy into it.

You're also assuming that the price will stay the same or rise after Lisk hits the exchanges.... which isn't a foregone conclusion.
sr. member
Activity: 434
Merit: 511

So basicly if u invest now u know 100% your gonna make money

How did you come to that conclusion?

Are you one of Warren Buffet's advisors?

I came to that conclusion because of this page:

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=1360974801

If u check the price it says, the price for 1 lisk will be 1397 satoshi.

And the early investors are buying 1 lisk for 1300 satoshi, and the coin has only been released 2 days.


hero member
Activity: 546
Merit: 509
Decentralized Application Platform
I want to send more btc for Ico. I did it during first hours.
Can I simply add them, or the account used for the first day has not to be used anymore?

https://bitcointalksearch.org/topic/m.13991413

and

https://blog.lisk.io/guide-how-to-participate-in-the-lisk-ico-c928aea65eb3

You need to create a "New Exchange" for every transaction, but you can stay on the same account. Smiley


I would like to know what are the requirements to run a DPoS node?

Simply register a delegate account for 100 LISK and collect enough votes by everyone.


Where to find more information for setting up Lisk delegate?

Before the Lisk main network will launch, we will write a Delegate Handbook in which you can find ALL necessary information. Additionally, in the first week there won't exist Forging Rewards in order to give everyone the chance to setup their own delegate. And to prevent that we get all the LISK in the beginning. Smiley


Is that true ? There is no bond required to become a delegate ?

No, simply register a delegate for 100 LISK.


But how do you prevent people from running a load of delegates then ?

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 ?

I picked 50 because you can find 50 machines in any botnet that do have that uptime. But forget that for a second. There is no question that anyone can run a great amount of delegates and nothing stops them from it.
Not saying it will be a huge problem or anything. I'm saying it could be. I didn't think the bond was unreasonable so I was suprised it's gone.

If there are let's say 400 delegates and everyone wants to become an active delegate in order to get the forging rewards. Then you won't have the chance to get 50 delegates into the top 101. You would have to pay very nice to be able to do this.

If we would have a "bond" it wouldn't stop one person from having several delegates. The bond would just make it a bit harder for him.

Please note, someone said Crypti had a "bond". But that isn't the case.


so how is sale going ?

Very good! Smiley Thanks.


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.

We will start planning that in the second week of the ICO. Right now we have far too many inquires to handle.

But I can say you the following. We will make it different this time. We will pay for conferences, meetups, promotions, press releases, seed funds, salaries and more. Not only for salaries. We will go out into the real world.  Smiley


I agree with patmast3r,

This makes no technical sense, just seems like another technical idea that the LISK team changed on a whim from XCR (which already suffered from possible centralization and single point of failure problems in the future)... DPoS is already susceptible to delegate takeover WITH a bond.

WITHOUT it? If LISK were to become valuable the network would immediately be attacked and it would be very hard to show that power was not fully centralized in the hands of very few entities. This works when these projects are small (like XCR team running most delegates), but under a successful scenario this would be a huge problem.

At this stage then, there is no disincentive to NOT attack/control the network? In a future where this thing is possibly gigantic, I would have to risk a few thousand dollars a month to control the entire network - this is not a huge issue?

Where do you agree? About what? There were no requirements at Crypti to become a delegate. Only pay 100 XCR and get enough votes.
hero member
Activity: 627
Merit: 500
I agree with patmast3r,

This makes no technical sense, just seems like another technical idea that the LISK team changed on a whim from XCR (which already suffered from possible centralization and single point of failure problems in the future)... DPoS is already susceptible to delegate takeover WITH a bond.

WITHOUT it? If LISK were to become valuable the network would immediately be attacked and it would be very hard to show that power was not fully centralized in the hands of very few entities. This works when these projects are small (like XCR team running most delegates), but under a successful scenario this would be a huge problem.

At this stage then, there is no disincentive to NOT attack/control the network? In a future where this thing is possibly gigantic, I would have to risk a few thousand dollars a month to control the entire network - this is not a huge issue?

 
 




I am interested in becoming a Lisk delegate when the network gets launched on March 21, 2016.

I would like to know what are the requirements to run a DPoS node?

I am fully qualified and have all the resources it can possibly be needed to run anything on a computer.  As a professional computer tech, I can get any hardware that I need in order to get ready for the event, but I will need to know what I will need in advance so that by March 21st I can be fully ready.

I understand that only the first 101 Delegates (or Miners -- seeing it in Bitcoin lingo) will be the ones participating so I would like to know what are the things that will significantly increase my chances of winning the vote as one of these delegates.

Are the delegates responsible for maintaining an absolute 100% (or close to) up time on the node at all times (because if so, I will have no problems complying with this).

Also, I managed to add the signature lines (on the past few days I was adding the signature manually on each post I was doing, but I eventually figured out how to do it properly from the settings).

The Delegates are choosen by the community, so even with 0 Lisk you can become a Delegate, If your in the Top 101 you need indeed uptime or you miss your block and people will eventually remove your vote,

Im going to run for delegate aswell, so Helping the communitie and show that you wanna help is a good start!

Good luck running for Delegate.

Is that true ? There is no bond required to become a delegate ?
legendary
Activity: 1162
Merit: 1000
hero member
Activity: 594
Merit: 500
Blockchain entrepreneur✔
Bought some lisk, waiting launch to see if its worth  Smiley
The best is to buy again after launch when ICO buyers dump their coins.
Usually you see that the price value 24 hours after launch sinks/drops below ICO price and then "slowly" rises again.

I suggest to buy more in the 24 / 48 hours after launch.
hero member
Activity: 623
Merit: 501
The average Joe doesn't know WTF btc is either.  Cheesy Cheesy Cheesy
Aand..the average Joe doesn't need to know what Javascript is, they'll just use the front-end.
hero member
Activity: 739
Merit: 500
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.
legendary
Activity: 1036
Merit: 1000
Bought some lisk, waiting launch to see if its worth  Smiley
legendary
Activity: 1045
Merit: 1000
so how is sale going ?
legendary
Activity: 938
Merit: 1000
So... cool it down a bit with your non-sense elevator bitches.

Sigh.  I wish, sounds like fun.  But my wife would kill me, and I'm very fond of her.  I kinda want to stay in her good graces...
legendary
Activity: 938
Merit: 1000
Keep in mind that dev said monthly USD $ recompense would be roughly the equivalent of $55 per delegate within the top 101 delegates and the cheapest dedicated server runs for around $55.

Overall, not a good idea to rent dedicated servers for this purpose.  

I've run a Crypti node for months at Vultr on their bottom-of-the-line $5 per month server.

https://www.vultr.com/pricing/

Max / LiskHQ is coming up with a Delegate Handbook that explains that process for Lisk; ask him for details.   

In the meantime, you could read these tutorials on how to install the Crypti software; Lisk will be similar:

https://github.com/crypti/crypti-docs/blob/master/BinaryInstall.md

https://github.com/crypti/crypti-docs/blob/master/SourceInstall.md
legendary
Activity: 938
Merit: 1000
I have been eyeing on those $9 computers but upon reading their specs, I found out that they do not come with an Ethernet port, only with WiFi and if you are going to use WiFi you are in danger of not being able to provide a 100% uptime because WiFi is not a reliable source of connection.  Ahtough, you can hook up a Debian linux compatible USB ethernet adapter to it, but I have seen reliability in-the-long term problems with that, but its in the options.  So far using my excess motherboard with its built in Ethernet adapter sounds like a better idea.

Or a $35 Raspberry Pi 2, which DOES have an Ethernet port.

http://www.amazon.com/Raspberry-Pi-Model-Project-Board/dp/B00T2U7R7I
hero member
Activity: 980
Merit: 1001
I am interested in becoming a Lisk delegate when the network gets launched on March 21, 2016.

I would like to know what are the requirements to run a DPoS node?

I am fully qualified and have all the resources it can possibly be needed to run anything on a computer.  As a professional computer tech, I can get any hardware that I need in order to get ready for the event, but I will need to know what I will need in advance so that by March 21st I can be fully ready.

I understand that only the first 101 Delegates (or Miners -- seeing it in Bitcoin lingo) will be the ones participating so I would like to know what are the things that will significantly increase my chances of winning the vote as one of these delegates.

Are the delegates responsible for maintaining an absolute 100% (or close to) up time on the node at all times (because if so, I will have no problems complying with this).

Also, I managed to add the signature lines (on the past few days I was adding the signature manually on each post I was doing, but I eventually figured out how to do it properly from the settings).

The Delegates are choosen by the community, so even with 0 Lisk you can become a Delegate, If your in the Top 101 you need indeed uptime or you miss your block and people will eventually remove your vote,

Im going to run for delegate aswell, so Helping the communitie and show that you wanna help is a good start!

Good luck running for Delegate.

Is that true ? There is no bond required to become a delegate ?

Yes that is true, people just need to vote on you then.

But how do you prevent people from running a load of delegates then ?

By getting more votes then them thats the only way.

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 ?

Umm those 50 delegates you setup on your botnet are not going to have anything near a 100% uptime, and if you cannot maintain at least a 99.xxx% uptime you aren't going to get voted in.

Reason:  Botnet victims doesn't leave their PC on all the time.

But what I will be doing is that I am going to put some of those mountains of motherboard that I have laying around here hooked up with some of those hard drives that I dont use anymore I have on boxes to good use connected to my 200 port cluster of network switch, now that's what I would call at least a 100% uptime guarantee specially with my ultra reliable Verizon FiOS connection.

I picked 50 because you can find 50 machines in any botnet that do have that uptime. But forget that for a second. There is no question that anyone can run a great amount of delegates and nothing stops them from it.
Not saying it will be a huge problem or anything. I'm saying it could be. I didn't think the bond was unreasonable so I was suprised it's gone.
Why botnets? We can setup easy 25 - 50 different servers, different IP and different datacenter locations, with no problem in 24 hours...
And we can control, if we really want, al 101 delegates.

How can you prevent this dev, we need 0 coins per delegates?

Renting multiple dedicated servers to run a DPoS on each one of them could be a bad idea.

Keep in mind that dev said monthly USD $ recompense would be roughly the equivalent of $55 per delegate within the top 101 delegates and the cheapest dedicated server runs for around $55.  Say you don't need cPanel, WHM  and Fantastico and instead you setup with webmin or ubuntu server fine you bring the dedicated server price down to like $30, so... This means you will be paying $30 per sever to make $55 that's just a $15 profit and god forbid that some of your servers doest get the vote, well you will be using the profits that you gained from the voted in servers to help pay for the servers that didn't get vored in thus sitting there doing nothing.

Overall, not a good idea to rent dedicated servers for this purpose. 

There are way cheaper options than 30$ for decently performant servers but what you're forgetting is that one could potentially controll the network and then he has a profit of whatever he wants.
full member
Activity: 129
Merit: 100
I am interested in becoming a Lisk delegate when the network gets launched on March 21, 2016.

I would like to know what are the requirements to run a DPoS node?

I am fully qualified and have all the resources it can possibly be needed to run anything on a computer.  As a professional computer tech, I can get any hardware that I need in order to get ready for the event, but I will need to know what I will need in advance so that by March 21st I can be fully ready.

I understand that only the first 101 Delegates (or Miners -- seeing it in Bitcoin lingo) will be the ones participating so I would like to know what are the things that will significantly increase my chances of winning the vote as one of these delegates.

Are the delegates responsible for maintaining an absolute 100% (or close to) up time on the node at all times (because if so, I will have no problems complying with this).

Also, I managed to add the signature lines (on the past few days I was adding the signature manually on each post I was doing, but I eventually figured out how to do it properly from the settings).

The Delegates are choosen by the community, so even with 0 Lisk you can become a Delegate, If your in the Top 101 you need indeed uptime or you miss your block and people will eventually remove your vote,

Im going to run for delegate aswell, so Helping the communitie and show that you wanna help is a good start!

Good luck running for Delegate.

Is that true ? There is no bond required to become a delegate ?

Yes that is true, people just need to vote on you then.

But how do you prevent people from running a load of delegates then ?

By getting more votes then them thats the only way.

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 ?

Umm those 50 delegates you setup on your botnet are not going to have anything near a 100% uptime, and if you cannot maintain at least a 99.xxx% uptime you aren't going to get voted in.

Reason:  Botnet victims doesn't leave their PC on all the time.

But what I will be doing is that I am going to put some of those mountains of motherboard that I have laying around here hooked up with some of those hard drives that I dont use anymore I have on boxes to good use connected to my 200 port cluster of network switch, now that's what I would call at least a 100% uptime guarantee specially with my ultra reliable Verizon FiOS connection.

I picked 50 because you can find 50 machines in any botnet that do have that uptime. But forget that for a second. There is no question that anyone can run a great amount of delegates and nothing stops them from it.
Not saying it will be a huge problem or anything. I'm saying it could be. I didn't think the bond was unreasonable so I was suprised it's gone.
Why botnets? We can setup easy 25 - 50 different servers, different IP and different datacenter locations, with no problem in 24 hours...
And we can control, if we really want, al 101 delegates.

How can you prevent this dev, we need 0 coins per delegates?

Renting multiple dedicated servers to run a DPoS on each one of them could be a bad idea.

Keep in mind that dev said monthly USD $ recompense would be roughly the equivalent of $55 per delegate within the top 101 delegates and the cheapest dedicated server runs for around $55.  Say you don't need cPanel, WHM  and Fantastico and instead you setup with webmin or ubuntu server fine you bring the dedicated server price down to like $30, so... This means you will be paying $30 per sever to make $55 that's just a $15 profit and god forbid that some of your servers doest get the vote, well you will be using the profits that you gained from the voted in servers to help pay for the servers that didn't get vored in thus sitting there doing nothing.

Overall, not a good idea to rent dedicated servers for this purpose. 
hero member
Activity: 594
Merit: 500
Blockchain entrepreneur✔
I am interested in becoming a Lisk delegate when the network gets launched on March 21, 2016.

I would like to know what are the requirements to run a DPoS node?

I am fully qualified and have all the resources it can possibly be needed to run anything on a computer.  As a professional computer tech, I can get any hardware that I need in order to get ready for the event, but I will need to know what I will need in advance so that by March 21st I can be fully ready.

I understand that only the first 101 Delegates (or Miners -- seeing it in Bitcoin lingo) will be the ones participating so I would like to know what are the things that will significantly increase my chances of winning the vote as one of these delegates.

Are the delegates responsible for maintaining an absolute 100% (or close to) up time on the node at all times (because if so, I will have no problems complying with this).

Also, I managed to add the signature lines (on the past few days I was adding the signature manually on each post I was doing, but I eventually figured out how to do it properly from the settings).

The Delegates are choosen by the community, so even with 0 Lisk you can become a Delegate, If your in the Top 101 you need indeed uptime or you miss your block and people will eventually remove your vote,

Im going to run for delegate aswell, so Helping the communitie and show that you wanna help is a good start!

Good luck running for Delegate.

Is that true ? There is no bond required to become a delegate ?

Yes that is true, people just need to vote on you then.

But how do you prevent people from running a load of delegates then ?

By getting more votes then them thats the only way.

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 ?

Umm those 50 delegates you setup on your botnet are not going to have anything near a 100% uptime, and if you cannot maintain at least a 99.xxx% uptime you aren't going to get voted in.

Reason:  Botnet victims doesn't leave their PC on all the time.

But what I will be doing is that I am going to put some of those mountains of motherboard that I have laying around here hooked up with some of those hard drives that I dont use anymore I have on boxes to good use connected to my 200 port cluster of network switch, now that's what I would call at least a 100% uptime guarantee specially with my ultra reliable Verizon FiOS connection.

I picked 50 because you can find 50 machines in any botnet that do have that uptime. But forget that for a second. There is no question that anyone can run a great amount of delegates and nothing stops them from it.
Not saying it will be a huge problem or anything. I'm saying it could be. I didn't think the bond was unreasonable so I was suprised it's gone.
Why botnets? We can setup easy 25 - 50 different servers, different IP and different datacenter locations, with no problem in 24 hours...
And we can control, if we really want, al 101 delegates.

How can you prevent this dev, we need 0 coins per delegates?
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