Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2227. (Read 3074169 times)

Sounds nice ! I will take part tomorrow!

I hope Lisk will have a brighter future as Crypti

Maybe stop spamming your pointless reboot.

Website ICO countdown

We know that it's not working properly. If we find the time, we will fix the countdown within the next few hours. For the time being, please refer to this countdown.

https://www.altcoincalendar.info/coins/1988/banners/1.svg

Hey LiskHQ,
Many of my Israeli friend would like to get in on this as we all did in crypti, would an Hebrew translation be granted a bounty?

Also, just changed my sig

From a moneymaker point of view:

About the: "that only makes Lisk more valuable".
Just be careful with how much you "donate", because the people that really want in, will buy as soon as they can to gain for the lowest price.
Once the coin is launched at an exchange sell a chunk (or all) immediately or be patient for months.

If you sold a good chunk upon launch, you can always buy back (way) cheaper.

There is no reason why this ICO and launch be any different than other coins/networks.

Thanks. We hope people realise what it means to have a German lawyer on board. This allows us to make Lisk really big with a legal basis, and it's the most secure escrow possible.

Share dilution doesn't matter in this ICO.  It took me a long time to realize this.  Dilution only happens when more people show up with more money that only makes Lisk more valuable.  BTC or XCR, doesn't matter.  Inflow of either  increases the price of the fewer Lisk you now hold.  Your donation still has the same overall value as when you made it.  There is no reason to wait.  If you are going to donate to Lisk, just do it!

Great job on escrow - that is indeed the tricky part, and you have handled it very well.

Lisk ICO Terms - Part III

This represents the final blog post in which our ICO terms are further explained. Later today we will publish a combined blog post with all details of the three parts.

• Special reward for day 1 participants
• All Money is held in Escrow
• Where can I participate?

The website pages "ICO" and "Team" were also updated to reflect the latest changes. On the frontpage you will be able to see the number of BTC/XCR exchanged, and the number of participants.


Get all the necessary information in the blog post!

Share dilution doesn't matter in this ICO.  It took me a long time to realize this.  Dilution only happens when more people show up with more money that only makes Lisk more valuable.  BTC or XCR, doesn't matter.  Inflow of either  increases the price of the fewer Lisk you now hold.  Your donation still has the same overall value as when you made it.  There is no reason to wait.  If you are going to donate to Lisk, just do it!

how can we be sure we are not going to be screwed like XCR once did.

You are wrong.

Proof of Work (PoW) is not about security at all.  It is about running a lottery so miners can compete to enrich themselves with new coins, and then go spend those coins to "inflate" the PoW economy.  Any single one of the literally thousand million billion hashes done by Bitcoin PoW miners every ten minutes could "secure" the Bitcoin blockchain.  Let me repeat that: from a "secure the blockchain" standpoint, ANY individual PoW hash will do.  Instead, miners are competing among themselves to find a "special" hash with a certain number of leading zeros in the front.  Such zeros are nothing more than a "lucky ticket" that selects a "winner" who gets 25 Bitcoins / $ 10,000 at current prices.  This whole setup is no different than a bunch of guys throwing dice in a back alley - with mining rigs being the dice and the internet being the back alley. 

Most Bitcoiners have no idea how insanely wasteful or unsustainable PoW is.  It literally takes the electricity equivalent of a small nuclear powerplant to run all the tens of thousands of miners spread out of site around the world.  That's not only totally unnecessary, it's nuts.  And it has led to an "ASIC arms race" showing unsustainable exponential growth.  See:

https://blockchain.info/charts/hash-rate?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address

All of the above is true for Ethereum as well.  Ethereum tries to avoid the "computationally-expensive" ASIC-arms-race death spiral Bitcoin is in by instead using the "memory-expensive" Dagger hashing algorithm that runs better on graphics processing units (GPUs - "video cards") instead of ASIC mining rigs.  However, the same insane death-spiral that is currently gripping Bitcoin lies ahead in Ethereum's future as well.

Lisk, based on the Proof of Stake (PoS) coin Crypti, has a blockchain that mathematically and cryptographically is just as secure as a PoW one like Bitcoin or Etherium.  The only difference is that the first (and ONLY) security "hash" generated in a Lisk blocktime is accepted as the one which will be used for the next block, regardless of what digits it starts off with.  This means Lisk has no need to generate an additional thousand million billion more hashes looking for an irrelevant string of zeros during a blocktime. 

Lisk can thus use the cheapest possible computers ($35 Raspberry Pi or $9 CHIP like at http://getchip.com) instead of mining rigs costing thousands of dollars.   Lisk can thus also have faster blocktimes - 10 seconds instead of Bitcoin's 10 minutes.  And this system allows Lisk DPoS Delegates to cooperate instead of compete like Bitcoin miners.  Such cooperation means there is no need for an ever larger army of miners with their unsustainable growth curve depicted above.   A fixed number of 101 Delegates is all Lisk needs to operate its blockchain, and they only generate a block when it is their turn.  That happens once every 17  minutes, like clockwork. 

Bitcoin and Etherium are based on flawed economies of scale.   They will eventually fail.  They will seduce many people for a long time with the promise of riches, but they will still eventually fail.

I stand with Lisk.