[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 526.

MrPresident

hero member

Activity: 644

Merit: 500

Think or swim.

Quote from: BitBanksy on January 08, 2017, 01:44:25 PM

Ethereum: so immutable & forkable at the same time (as per owners discretion Wink

)

hehe yea...
and the forging distribution points are invalid, because we have a 101 delegate base to feed, not five million miners or whatever ETH has.
Lisk is so much more efficient its crazy... in every way.
101 or even 1001 linux servers vs umpteen thousands of graphics cards sucking the grid dry for a couple simple transactions, just like bitcoin... with regular difficulty increases demanding even more and more compute power. It's horrible.
Lisk has no such difficulty increases, and the power demands never increase other than fluctuations in traffic.
Ethereum is also planning to switch over to DPoS. hehe What will they say then?
Imagine all those who invested into GPU's... damn! ...aaaaaannndd... it's gone.... poof! just like that.
It's gonna piss-off alot of folks. The drama will be a-plenty.

BitBanksy

sr. member

Activity: 350

Merit: 250

Quote from: MoveCrypto on January 08, 2017, 01:19:48 PM

Quote from: breeze71 on January 08, 2017, 03:12:48 AM

Quote

https://www.reddit.com/r/ethereum/comments/53n83k/ethereum_energy_consumption_in_eth/

I suppose no one will buy Ethereum because a small group of people with big mining farms are collectively earning $100k+ profit per day for their node service?

Lisk wants to be the same crap as ETH?
Stop to compare Lisk with ETH.
I don't like the ETH but I must admit...

Vitalik Buterin created the finished product, yes ETH doesn't work perfectly, but it works. So he created a huge community. He created a great team good developers. ETH price higher ICO. On the exchanges have market makers that support the price, create trading volume and provide liquidity. Also he found a lot of big investors, many famous people in community cryptocurrency supports ETH. Created many projects on this platform.

Lisk only collects the money and do nothing.

Delegates want to be millionaires at the expense of the community for ordinary service node. Nobody buys the Lisk to become a delegate because to kiss ass developers is enough to become a delegate as it makes Bitbanksy and other delegates.

Lisk network maintenance is very expensive. 15 000 000(more than 1 500 000 usd) new forged Lisk per year for 101 nodes? Really? If Lisk price = 10 usd, more than 150 000 000 usd for 101 nodes? LOL

101 000 new forged Lisk per year it would be enough for service nodes. If lisk price grow up to 10 usd then delegates will receive a good reward (~ more than 10 000 usd for one delegate per year).

To compare Lisk with Bitshares, BTS is failed project is the same as Lisk.

Quote from: johhnyUA on January 08, 2017, 06:07:27 AM

Quote from: MoveCrypto on January 07, 2017, 06:52:31 PM

https://www.reddit.com/r/ethereum/comments/53n83k/ethereum_energy_consumption_in_eth/

I suppose no one will buy Ethereum because a small group of people with big mining farms are collectively earning $100k+ profit per day for their node service?

Lol. Ethereum miners 've bought many equipment to make their farms. Average Ethereum mining farm costs 2k $ and give to you 5500 $ per year.
But how does it works in Lisk? Developers delegate spends 80-120 $ per year and receive about 14k $. Do you think that it's fair?

Almost all of the new ETH is mined by a handful of big mining farm owners.

Amount of revenue per year currently going to this small group of people = 131 000 000 USD

Estimated cost of electricity and hardware = 79 000 000 USD

Yearly profit going to ETH miners = 52 000 000 USD

If you factor in the LSK delegates will spend on development/marketing, and the fact that LSK inflation decreases every year for 5 years, then LSK price would have to be above $10 before the delegates are making so much profit.

Ethereum: so immutable & forkable at the same time (as per owners discretion Wink

)

MrPresident

hero member

Activity: 644

Merit: 500

Think or swim.

Quote from: breeze71 on January 08, 2017, 01:14:20 PM

Lisk network service is too expensive and very fragile. You have been warned about this. Any child can crash it. Grin

What is your purpose here with this comment?
Was it You? (jk) Grin

You must first understand what "Development" is...
This is still Beta until we reach version 1.0... Wait till the "meal is served" before judging the cuisine.

...and if AxlSaddek (the attacker) had bothered doing it on testnet, he would have earned a bounty.
Instead, he did it on mainnet... which does nothing for himself, but still strengthens Lisk by showing us the bug!
He's probably giving himself a big "Pat on the back" for a job well done... which we would be doing too if he had exploited it on testnet.
This issue is nothing more than a minor annoyance.
He just had to pick Sunday.... LMAO grrr

EDIT
he did this back in May, and didn't follow through with his promises...

MoveCrypto

sr. member

Activity: 364

Merit: 250

move that crypto

Quote from: breeze71 on January 08, 2017, 03:12:48 AM

Quote

https://www.reddit.com/r/ethereum/comments/53n83k/ethereum_energy_consumption_in_eth/

I suppose no one will buy Ethereum because a small group of people with big mining farms are collectively earning $100k+ profit per day for their node service?

Lisk wants to be the same crap as ETH?
Stop to compare Lisk with ETH.
I don't like the ETH but I must admit...

Vitalik Buterin created the finished product, yes ETH doesn't work perfectly, but it works. So he created a huge community. He created a great team good developers. ETH price higher ICO. On the exchanges have market makers that support the price, create trading volume and provide liquidity. Also he found a lot of big investors, many famous people in community cryptocurrency supports ETH. Created many projects on this platform.

Lisk only collects the money and do nothing.

Delegates want to be millionaires at the expense of the community for ordinary service node. Nobody buys the Lisk to become a delegate because to kiss ass developers is enough to become a delegate as it makes Bitbanksy and other delegates.

Lisk network maintenance is very expensive. 15 000 000(more than 1 500 000 usd) new forged Lisk per year for 101 nodes? Really? If Lisk price = 10 usd, more than 150 000 000 usd for 101 nodes? LOL

101 000 new forged Lisk per year it would be enough for service nodes. If lisk price grow up to 10 usd then delegates will receive a good reward (~ more than 10 000 usd for one delegate per year).

To compare Lisk with Bitshares, BTS is failed project is the same as Lisk.

Quote from: johhnyUA on January 08, 2017, 06:07:27 AM

Quote from: MoveCrypto on January 07, 2017, 06:52:31 PM

https://www.reddit.com/r/ethereum/comments/53n83k/ethereum_energy_consumption_in_eth/

I suppose no one will buy Ethereum because a small group of people with big mining farms are collectively earning $100k+ profit per day for their node service?

Lol. Ethereum miners 've bought many equipment to make their farms. Average Ethereum mining farm costs 2k $ and give to you 5500 $ per year.
But how does it works in Lisk? Developers delegate spends 80-120 $ per year and receive about 14k $. Do you think that it's fair?

Almost all of the new ETH is mined by a handful of big mining farm owners.

Amount of revenue per year currently going to this small group of people = 131 000 000 USD

Estimated cost of electricity and hardware = 79 000 000 USD

Yearly profit going to ETH miners = 52 000 000 USD

If you factor in the LSK delegates will spend on development/marketing, and the fact that LSK inflation decreases every year for 5 years, then LSK price would have to be above $10 before the delegates are making so much profit.

breeze71

sr. member

Activity: 266

Merit: 250

Lisk network service is too expensive and very fragile. You have been warned about this. Any child can crash it. Grin

LiskHQ

hero member

Activity: 546

Merit: 509

Decentralized Application Platform

Quote from: cebra on January 08, 2017, 09:58:42 AM

Lisk mainnet down, shitcoin...shame!

This always has to happen on Sundays.

Anyways! Oliver has coded a fix, is currently writing a few tests and will then release a hot fix.

bag holder

newbie

Activity: 14

Merit: 0

Quote from: Vega on January 08, 2017, 12:45:36 PM

Quote from: souljah1h on January 08, 2017, 12:35:13 PM

Quote from: Vega on January 08, 2017, 11:58:38 AM

Quote from: souljah1h on January 08, 2017, 11:22:03 AM

Quote from: Virtum on January 08, 2017, 10:50:35 AM

Lisk really does not work...

Show proof?

Wouldn't it be easier to just check it yourself, raither than asking for proof?
Yes, the blockshain hasn't moved in the last 2+ hours. It seems that a bad transaction was included that halted the chain.
Solution is being worked on as we speak.

If you make the claim, you have to show proof. This is how the internet works Tongue

so much fud going on in this topic.

I agree that his comment were totally useless without a proper explanation about what's happening, and you can't even believe some people here when they are asking a question.
But I know you are smarter than him and you are also a regular, so you know that he is not someone who is well informed or quick to respond. So questioning him instead of checking is almost as useless as his original less then helpfull statement.

Or maybe I'm just cranky today, ignore me.

Well this is the last block the explorer shows. I don't have a lisk wallet running, so I can't tell if that explorer's out of sync or if the blockchain's frozen.

https://explorer.lisk.io/

Id	Timestamp	Sender	Recipient	Amount (LSK)	Fee (LSK)
3855404834847633275	2017/01/08 14:05:14	Poloniex	13927031237693716380L	309.13168302	0.1

Bitsyo

member

Activity: 68

Merit: 10

Quote from: Virtum on January 08, 2017, 12:53:49 PM

souljah1h and Vega kiss my ass and look how this ~~lisk~~ shitcoin go down... mainnet not work for 4 hours...

Kissing your nasty ass won't make lisk chain move.

Virtum

full member

Activity: 223

Merit: 102

souljah1h and Vega kiss my ass and look how this ~~lisk~~ shitcoin go down... mainnet not work for 4 hours...

Vega

hero member

Activity: 739

Merit: 500

Quote from: souljah1h on January 08, 2017, 12:35:13 PM

Quote from: Vega on January 08, 2017, 11:58:38 AM

Quote from: souljah1h on January 08, 2017, 11:22:03 AM

Quote from: Virtum on January 08, 2017, 10:50:35 AM

Lisk really does not work...

Show proof?

Wouldn't it be easier to just check it yourself, raither than asking for proof?
Yes, the blockshain hasn't moved in the last 2+ hours. It seems that a bad transaction was included that halted the chain.
Solution is being worked on as we speak.

If you make the claim, you have to show proof. This is how the internet works Tongue

so much fud going on in this topic.

I agree that his comment were totally useless without a proper explanation about what's happening, and you can't even believe some people here when they are asking a question.
But I know you are smarter than him and you are also a regular, so you know that he is not someone who is well informed or quick to respond. So questioning him instead of checking is almost as useless as his original less then helpfull statement.

Or maybe I'm just cranky today, ignore me.

souljah1h

legendary

Activity: 1092

Merit: 1000

Hyperspace snail

Quote from: Vega on January 08, 2017, 11:58:38 AM

Quote from: souljah1h on January 08, 2017, 11:22:03 AM

Quote from: Virtum on January 08, 2017, 10:50:35 AM

Lisk really does not work...

Show proof?

Wouldn't it be easier to just check it yourself, raither than asking for proof?
Yes, the blockshain hasn't moved in the last 2+ hours. It seems that a bad transaction was included that halted the chain.
Solution is being worked on as we speak.

If you make the claim, you have to show proof. This is how the internet works Tongue

so much fud going on in this topic.

Vega

hero member

Activity: 739

Merit: 500

Quote from: souljah1h on January 08, 2017, 11:22:03 AM

Quote from: Virtum on January 08, 2017, 10:50:35 AM

Lisk really does not work...

Show proof?

Wouldn't it be easier to just check it yourself, raither than asking for proof?
Yes, the blockshain hasn't moved in the last 2+ hours. It seems that a bad transaction was included that halted the chain.
Solution is being worked on as we speak.

souljah1h

legendary

Activity: 1092

Merit: 1000

Hyperspace snail

Quote from: Virtum on January 08, 2017, 10:50:35 AM

Lisk really does not work...

Show proof?

Virtum

full member

Activity: 223

Merit: 102

Lisk really does not work...

5thangel

hero member

Activity: 910

Merit: 508

Quote from: ?? on ??

Quote from: 5thangel on January 08, 2017, 10:06:14 AM

Quote from: cebra on January 08, 2017, 09:58:42 AM

Lisk mainnet down, shitcoin...shame!

Strange. Works fine for me

Don't lie, piece of shit! Lisk not work an hour and a half.

lol .. welcome to my ignore list

5thangel

hero member

Activity: 910

Merit: 508

Quote from: cebra on January 08, 2017, 09:58:42 AM

Lisk mainnet down, shitcoin...shame!

Strange. Works fine for me

cebra

newbie

Activity: 1

Merit: 0

Lisk mainnet down, shitcoin...shame!

sulfurtank

hero member

Activity: 592

Merit: 500

Quote from: battyKit on January 08, 2017, 07:42:36 AM

Quote from: nyanhtet on January 08, 2017, 07:30:52 AM

Quote from: johhnyUA on January 08, 2017, 07:12:00 AM

Quote from: nyanhtet on January 08, 2017, 06:51:40 AM

Not all delegates have guarantees to stay within 101 forever. Everyone can run as Delegate including you. Delegate can cost as much as you think including their previous hard works.

Really? How to do that Max votes for me using his premine? I can do everything that McReynolds doing. Maybe I can do it better.

Time is gone. You done nothing for Lisk and Reynolds did. Do you think that you can do it better? Do something good for Lisk instead of wasting time here. Lisk is still start. You have chance to be delegate. If you contribute good things for Lisk Community will vote you including Max. Max vote on promising delegates.

You mean that Reynolds, which merged 300btc in Lisk? Yes, good job! Good for Lisk!

Well reynolds is a scumbag. I'm not a privileged bagholder nor am I privy to private information contained in guy's secret chat logs but I been telling u he is a scum since this coin was born. I have a perfect assurance in my statement cause none other but chandler guo marionettes that puppet by wires. It has been known to everyone that reynolds is a snip and should be left behind the leading horse at no mercy. He is a doll to which I command what to do. Thanks to me the public image of lisk is kept at acceptable levels.

Bitsyo

member

Activity: 68

Merit: 10

Quote from: johhnyUA on January 08, 2017, 08:21:05 AM

Quote from: Bitsyo on January 08, 2017, 07:31:13 AM

Quote from: johhnyUA on January 08, 2017, 07:12:00 AM

Quote from: Bitsyo on January 08, 2017, 06:51:17 AM

Some people here apparently live in some unicorn land where everything is perfect - stop bitching and start voting for pools if you are so concerned with who is a delegate and get some return. The ones who have the most to say probably hold 1,000 lisk they bought yesterday on exchange and didn't do anything for lisk, yet come here preaching how its unfair they cannot be delegates. You know what? Yeah life is unfair so go and cry in your bed. I'd much rather support actual people in lisk that want to secure network, have nodes updated at all times, ... if you think the server cost is the only expense you are living in illusion (time the most precious comoddity is needed to run for a delegate). I don't run a delegate cause don't have the time (not to mention the extensive time someone would need to get in currently to get the votes), but I do vote for a few people and pools I see fit any beneficial for lisk future. Not to mention the extensive electricity that is involved with mining btc , eth, ... so if some people get rich with lisk delegates so be it - they worked hard to get in current delegation.

Do you read that I've write upper? To spend 120 $ per year and be 24/7 online it's "hard work" ? To work at the uranium mine, that what i call "hard work". I think that you're some kind of american (or canadian or western europe) schoolboy, whom paid by his parents and don't know nothing about "hard work".
I can be delegate in that case. I can keep more than one node online 24/7. Please, Max, take me to delegates. I mean TAKE ME TO THE LISK VALHALLA THAT I CAN BECOME LISK HERO SUCH AS CANNABANA OR MACREYNOLDS

I'm a self made man and could care less what you think I am - if I'm a 5 year old boy sipping on titties or a man hooker living down your block. Working hard can be with your mind or with your hands and the mind route is usually better paid, sad but thats the word we live in and I have utmost respect for people working at factories, mines, ...

Dude, keep online node it's don't mean "work hard". He's not a JSdeveloper, where he must write a lot of code. He is just node keeper. Nothing more.
Everybody with IQ more than 30 can be node keeper. It's doesn't takes much time to run node and keep it online.
Also tou can just buy this node in different companies and they will keep it online, lol. This work no worth 15 thousand dollars per year.

I agree on not that its probably not hard work, but its still work that needs to be done and you gotta have an eye on it and all delegates are running a few backup nodes and testnet nodes so its not just 1 server to take care of.

Regarding 15,000 you make it sound like its millions of dollars it could as well be 1,000 next year - same could be said for government employees who sip coffee for 100,000 per year doing nothing at least delegates are securing something for others - network.

You still have a shot at becoming a LISK delegate, but being butt hurt won't help you. Most of them are not just nodekeepers but developers, marketers, ... as its in their best interest to promote and develop things with that as to let lisk value grow which will benefit all lisk investors, but you clearly don't see the bigger picture only see those forged lisks as some kind of a threat to your investment.

johhnyUA

legendary

Activity: 2436

Merit: 1849

Crypto for the Crypto Throne!

Quote from: Bitsyo on January 08, 2017, 07:31:13 AM

Quote from: johhnyUA on January 08, 2017, 07:12:00 AM

Quote from: Bitsyo on January 08, 2017, 06:51:17 AM

Some people here apparently live in some unicorn land where everything is perfect - stop bitching and start voting for pools if you are so concerned with who is a delegate and get some return. The ones who have the most to say probably hold 1,000 lisk they bought yesterday on exchange and didn't do anything for lisk, yet come here preaching how its unfair they cannot be delegates. You know what? Yeah life is unfair so go and cry in your bed. I'd much rather support actual people in lisk that want to secure network, have nodes updated at all times, ... if you think the server cost is the only expense you are living in illusion (time the most precious comoddity is needed to run for a delegate). I don't run a delegate cause don't have the time (not to mention the extensive time someone would need to get in currently to get the votes), but I do vote for a few people and pools I see fit any beneficial for lisk future. Not to mention the extensive electricity that is involved with mining btc , eth, ... so if some people get rich with lisk delegates so be it - they worked hard to get in current delegation.

Do you read that I've write upper? To spend 120 $ per year and be 24/7 online it's "hard work" ? To work at the uranium mine, that what i call "hard work". I think that you're some kind of american (or canadian or western europe) schoolboy, whom paid by his parents and don't know nothing about "hard work".
I can be delegate in that case. I can keep more than one node online 24/7. Please, Max, take me to delegates. I mean TAKE ME TO THE LISK VALHALLA THAT I CAN BECOME LISK HERO SUCH AS CANNABANA OR MACREYNOLDS

I'm a self made man and could care less what you think I am - if I'm a 5 year old boy sipping on titties or a man hooker living down your block. Working hard can be with your mind or with your hands and the mind route is usually better paid, sad but thats the word we live in and I have utmost respect for people working at factories, mines, ...

Dude, keep online node it's don't mean "work hard". He's not a JSdeveloper, where he must write a lot of code. He is just node keeper. Nothing more.
Everybody with IQ more than 30 can be node keeper. It's doesn't takes much time to run node and keep it online.
Also tou can just buy this node in different companies and they will keep it online, lol. This work no worth 15 thousand dollars per year.

Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 526. (Read 3074310 times)