Why are people dumping so much BTC into this ICO?
The previous project of the LISK developers, crypti, is not massively successful. History of low trading volume and sub-1000 btc market cap.
What makes you think they will be massively successful with their new LISK project?
Crypti has wandered in the wilderness for almost two years trying to perfect something different and special in the cryptocoin world. We won't even go into their code failures, which were legitimate attempts to develop something new and worthwhile. Give the Crypti team this, they never gave up. Their latest direction - side chains / dapps written in JavaScript that can be run with microcomputer boards - is a brilliant idea that has successfully made it to "alpha" / "beta" status. The 0.5.5 code base is ready to go. However, time and attrition had sapped Crypti of funds, key personnel and a team agreement of what to do next.
Lisk is an attempt to take Crypti to the next level with a solid code base, the most enthusiastic members of the Crypti team, and a second round of funding for a start-up.
When you eject deadwood, keep the green shoots, mix in fresh blood and money on the right idea at the right time - that's when you have a shot at going places. And being massively successful.
That's what I believe about Lisk.
this may be a perfect description of what it is, restructuring, putting leadership in the order of their responsibility, new money, its the best form, in witch a flexible Team should be able to react, in case of a crisis. I would love if everybody would use the word "scam" much more thoughtful. The meaning of "scam" IS NOT "project that experienced a failure and did cost me money" and the thoughtless use of this word begins to hurt our movement in the same way, some real scams are doing it (i secretly believe they are the same kind of people accusing each other all the time). Even when i wasn't able to cheer on every action crypti made during their existence, i know exactly how hard work smells and that was even more: It was enthusiastic hard work, for sure. I am very much looking forward the future of this Team and will wish them every reward they can get ..... and me a nice share
have fun
Matthiasah and another thing, if you found a company, you need a lawyer, or you fail (at least here in Germany)
Having a lawyer not has nothing to do with scam, thats how things are done, if they are done professionally
Normally i don't waste my time, by playing the fanboy for other coins,
but i can't stand this calling other peoples hard work a "scam"
.