Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 535. (Read 3074310 times)

Pools are the most unstable of the nodes and cause the most dumping. The bulk of them totally SUCK! - it is a blatant lie.
For 40 BTC  is possible to run 1000!!! nodes on 1000 dedicated servers and Max could run nodes without help of fucking delegates.
The vast majority of people, want pools. Only sucking delegates are afraid of pools because those will take their place.

Have we been eating paint-chips?
Pools are the most unstable of the nodes and cause the most dumping. The bulk of them totally SUCK!
If you took 3 seconds to look at the statistics, only 1 pool even watches his nodes... robinhood.
If we did what you ask and implement this tinfoil theory, the network would become destabilized and fork all over the place.
It's already bad enough the entire pool of 101 active delegates loses lisk because of unwatched pool nodes without failovers or backups.
Most of the current 101 non-pool delegates have worked hard over the past 10 months helping to stabilize lisk and provide the community with a plethera of handy tools. Lose them, and there is no lisk community.
There are currently only about 90 people who have really even proven they can even manage a lisk node properly.
AND WE ARE STILL SEARCHING FOR MORE
If you have any linux or JS skills and a few lisks, you should try.  

Lol yeah but its unfair, others are making money and not me, sniff sniff!

Man im so tired of that attitude...

Hell im running a testnet since 6 months and i don't expect to make profit from it (at my own expense) and i didn't even submit a proposal for the mainnet and im not even sure if i will at all!

Same fun on the testnet alot less pressure and competition.  And to me the testnet is alot better to have fun, all the real learning is there, not on the mainnet...

if you want, you can vote for lisk being added on coinbase

https://docs.google.com/a/lisk.io/forms/d/e/1FAIpQLSc2fiKVGs8bBWSzUols16GjetJ0aWx4N1J10SP0NwhG6rdtfg/viewform

Yes, just calculate on bad situation, even all dump, not strike price too hard. Sadness is DPOS system is transform to vote exchange system and faucets. Holders didn't vote for promising delegates. Expect it will correct soon.

it is interest of serious delegates to not dump lisk price I think due to the fact we invested resources, money, hardware and time. Those of us who are following lisk since the ico, joined the community more then 9-10 months ago, and believe in lisk.
Sincerely I have no evidence actually that most part of forged lisk have been dumped. Same for poolers, probably

risk of centralizations, in lisk is really improbable in my personal opinion, due to dpos characteristics and to intrinsec interest of investors and lisk owners

Just clear about inflation. If all delegates have full productivity, inflation for first year is 15M or 15% of current supply. Assume that if all delegate dump 15M lisk and we share 15% inflation with current price at this time, Lisk price reduce 15% or 0.023$. It is the condition of 1yr later and just on market price, without development of LiskHQ. It is too low. Don't worry Lisk investors. Inflation of Lisk can't strike on Lisk price too much. It's just FUD here. Because Lisk already complete Foundation, their DPOS is decentralised, they will hire good Devs soon(Janaury). So troll don't have bad facts about LiskHQ no more. So they FUD here about inflation. Ahh... I miss something. They still don't publish whitepaper. Troll on this. So they will work hard on this.

Max and Oliver are owning their Lisk share so they have right to vote, especially when in their best interest is success of the project they created. It was clear from very beginning how ICO is distributed and the fact they will hold significant voting weight.

I agree that centralization of voting weight is not good, but  vast majority of LSK belongs to community and final decision who is active delegate can be made by community if there is a need for it.

If the election has to be democratic, you can't ban any users from voting

No matter what governing system is in use it will never satisfy everyone..

It would require a hard fork yes. However it's more important to know how we got here. Crypti (the coin Lisk has been forked from) had no inflation thus had no block reward. Nobody wanted to be a delegate, nobody cared. Without incentive only hardcore supporters will spend time and money on running nodes. I think the whole Crypti networks were running about 5-10 servers, ran by about 1-3 people.

So when Max and Oliver created Lisk they implemented the block rewards to solve this problem. However the block reward amount were calibrated for a much lower initial market cap. The result of the ICO were cleary many times over what they were expecting.

So this created a new problem, an extra strong financial motivation to be delegates, the consequences of something that you can see being played out right now.

I assume that they thought about changing the reward system, but the fact is that the inflation rate is something that was known by every investor before and during the ICO. People put money into the project being fully aware of it. As a matter of fact there were many posts about how the inflation is much lower than in some other coins, and I don't remember every being mentioned as a problem until recent days, when some people started harping on it, usually following it up with an agenda.

Changing something as fundamental as the inflation rate (even if to a downwards direction) for a coin with an ICO type distribution is kind of a questionable move.

So instead Max and the early community itself gone towards the idea of using parts of these forged funds for the betterment of Lisk, the funding of tools and apps for lisks, etc. A kind of trickle-down economy.

There are also alternate solutions, like increasing the active delegate numbers from 101 something that may very well happen down to road, but block propagation would significantly need to be improved first.

We will see how this will play out. We long time delegates won't easily let go of this concept or our own profits for that matter. If pool people want it, well... molon labe.

No, if they remove votes, some whales can control 101 slots. But I agree that they should remove some slots.

I see a lot of complaints about inflation, but less than 7% of what has been forged has been dumped, so forging inflation has had virtually no effect on the price so far.

If you have a good idea, publicize it and some of the forged LSK that delegates are holding tightly may flow to you.  Or you could try to become a delegate yourself.  There's multiple options for getting a piece of the forging pie.

block reward is written in code. Yes just an hard fork could change it.

Anyway forging reward is an important incentive for forgers to keep an efficent system.

The solution is very simple and easy to implement.

Reduce block reward to .1 - problem solved.

In Bitshares this can be done with a simple vote. I think in Lisks case it has to be a hard fork. I hope I'm wrong.

Just one thing- Max and Oliver must cancel their votes for any delegate.

Just to clarify how dpos works, it is the lisk community that decides which delegates have to forge. There are actually 101,379,745 LSK on the market, and each lisk can vote. Every voter can choose 101 delegates among more then 900 registered delegates.
Actually the delegate in first position has about 17 millions vote, and he is a pool, so he can reach teorically 100% if all liskers vote him (101,379,745 LSK)
Every lisker is free to choose his preferred 101 delegates among a total of more then 900 registered ones (growing).

Who likes pool can vote pools. Who does not like pools can vote other delegates. It is a free choose
if one does not like any of the actual registered delegates, he can register a delegate name from the web lisk wallet (it costs 25 LISK), install a lisk node and vote for himself and ask votes from community

I made a guide to assist everyone during the installation process (it is in italian for my italian lisk community)
https://bitcointalksearch.org/topic/lisk-piccola-guida-per-il-miningstake-o-meglio-forging-1501833

In this guide, as you can see, I listed some suggested good pools to be voted too (besides some italian delegates)

I am not against pools. I am in favour of free choose

You are only a worthless delegate. If you are able to make something important for Lisk, let Max will pay you from the money raised on ICO

If you just realised this than I'm afraid that I'm correct in that you are unable to follow and understand what I've been writing about, as me being a delegate was more than clear from several comments from my posts.
However I agree that this is pointless, as no reason to debate with someone who can't follow your argument.

And I just realized that Vega is also a delegate ... After that I am not interested in your opinion any more. Your task to remain with a feeding trough... Go Vega go...

It's cute how Virtum sent you because you speak better english, but I'm afraid your skill is still not enough for you to properly understand what I written (from your post it's clear that you don't) let alone argue with it. So please send someone better, sooner or later we'll get there I'm sure.