Hey no problem. From your FAQ page on delegates:
The Lisk network is both decentralized and trustless. That means no single entity is in direct control. The network is secured by 101 democratically elected delegates. Whose primary responsibility is to confirm and broadcast the validity of transactions. All Lisk accounts on the network are eligible to vote for delegates registered on the Lisk blockchain. The 101 delegates with the most votes are elected with the responsibility of confirming the validity of transactions broadcast on the network. They also receive 100% of all fees collected by the network and all forging rewards.
With this said you can't mine but you can stake. Staking is done only by the 101 delegates? Again, I'm showing my ignorance here.
Yes, only the top 101 delegates are actively forging and receiving the rewards.
Advantages of DPOS vs. POW:
- Much less electricity usage
- Blockchain can be secured by small devices as well, like a Raspberry Pi
- Because it's not competitive (mining) the network can perform faster -> 10 second block time
- There is no difference between a "full node" and a "forger". Makes the whole network simpler, simple is always good.
- BitShares founder also said once that 101 dedicated nodes from 101 persons is far more decentralized than Bitcoin with its 15 mining pools.
Disadvantages of DPOS vs. POW:
- People need to become active to vote for the delegates. Often only 20-50% does that of the whole network. (For this case we implemented Forging Rewards, so that all want to become a delegate. We will see if this helps in this case)
I honestly don't know another disadvantage. Anyone has more ideas?
I Heard that You gonna sell the Eth You get immediatly In the market, is It correct?
Please see MalReynolds answer. We will accept ETH through ShapeShift, which will directly be converted by them. We will never own ETH for one second.
the testnet coin will be destroyed after launch?
Yes, all testnet coins will be destroyed several times during the next few weeks. I.e. we will reset the testnet several times.
Signature added.
What I was wondering, from the Lisk.io website it shows you can exchange your Crypti for Lisk but what will be the exchange rate?
And if you can exchange them, why is volume still so low on PoloniEx?
Exchange rate will be 1300 satoshi. Crypti participants won't receive the 15% bonus, therefore there is no advantage to buy them now.