Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 612. (Read 3074310 times)

I expect the opposite to happen.

There's a big incentive for a delegate spot, so people will be buying up and holding Lisk for voting weight.

Most of the inflation going to delegates will be flowing into blockchain application development, which will add huge value to Lisk.  

This is much better than most coins where the inflation goes toward paying for mining hardware and electricity.

Forging look like mining, if you have high mining hardware, you will get more bitcoins. In Lisk,if you have more lisk, you will stay in 101 delegate(more voting power). Who know some millionaires want to be delegate if forging start. 


"The development team behind Lisk believes that the inclusion of additional fees will pressure active delegates to become more competitive. Stakeholders will purchase more LISK to receive more voting power, which ultimately increases the possibility of securing the forging rewards."
Source: https://cointelegraph.com/news/lisk-to-give-out-forging-rewards-to-promote-competition-arms-race-among-miners

I don't expect such a a price drop. To be honest I don't a expect a drop at all. The forged lisk will be managed only by those 101 people. They can't dump too much the price. And even if one of them does he will most likely be unvoted by the community. Not to add that the forged lisk will also be reduced once per year until we reach the 1 lisk/round mark.

explain how it will dump down to your projected price.

2 weeks, 28 november

what block are we now?

Wow, forging sound great.


Forging means Lisk under 10000 sat too.

Way to go.

Not yet, the standby delegates are waiting the block N° 1'451'520 so they can start to forge .

1. Mainchain stabilisation ✅
The most important milestone for many users this year is the stabilisation of the mainchain, and the subsequent activation of community forging. With that, we will also enable forging rewards so that delegates are able to finance community projects, and foster a growing ecosystem.

2. Merging Lisk-CLI into the Lisk App SDK
The Lisk-CLI tool in its current form will cease to exist. We will rewrite the application, and merge its functionalities directly into the Lisk App SDK, providing a self-contained development package, and reducing our development effort from two repositories to one. The planned merge and rewrite of Lisk-CLI, will make blockchain application development easier to manage, and also lower the barrier to entry for new developers.

3. Lisk App SDK stabilisation
Stabilising our sidechains and making it possible for developers to start working on blockchain applications, is a major step towards achieving one of Lisk’s core goals. We shall therefore undergo major changes in our Lisk App SDK, making sidechains not only stable, but also reliable.
During this step we will split every sidechain into a single, independent database. As of writing, every installed sidechain has their own tables within the same database as the mainchain, this comes with many disadvantages. Running every sidechain in its own separate database allows developers to achieve high scalability independent of the mainchain. It also makes everyday sidechain administration easier and straight-forward.
Another important task is the implementation of a secured and protected virtual machine for blockchain applications. This way the JavaScript code of the application will run in an encapsulated environment, securing the computer from any harmful application.
Currently, sidechains also need to be verified whenever they are launched. We will implement the same quick-load feature as it exists on the mainchain, and remove the need for constant re-verification, making sidechains easier to administer and deploy.

So step 1 of Phase 1 is done right?

I second that. The hiring process is getting ridiculous. This should have been your number priority throughout the summer. Really no excuse at this point. You have the money to recruit the best talent in the world. Really undermining faith in this project.

Sound good! 

sell your LISk and move to new coins then
i am waiting to see LSK at 20k SOON 

Meh.

Pointing out that the source code is open source and you are free to copy it and apply all the suggestions you have doesn't seem like a brilliant comeback, but there's still some merit to it. I know, I know, you are not sitting on millions of ICO funds… I guess, Ark would the place to go for you guys, then? You still get a decent bonus for your Lisk and they're a big team that seems open to community suggestions (not saying that Lisk isn't).

For those who don't want to read between the lines: bitching hasn't helped in the past, doesn't help right now and won't help in the future.

Additional thought: The only people I personally think the Lisk team has some direct responsibility towards are the original ICO investors. Trading Lisk is just as much a gamble as trading any other coin out there is. With Lisk holding steady at 2x+ ICO price, investors are still in the green. Whether or not they should have sold their stash is not for the Lisk team to decide, is it.

My two cents. YMMV, though.

Probably due the recent problems with the lisk mainnet. 

Why did they refuse it? Any statement on that?

One word :

En-tre-pre-neur.

This is why this coin has gone down over the last couple of months and is still going down while other coins are moving to record highs.  It's a shame, it had so much potential.  The recent bump was solely due to people buying LSK for the 120% ARK bonus.

That sounds like it will be 100 times easier than setting up a GmbH =) good move. There is way too much red tape in Germany.

Yes, it's not going to be a GmbH, but a swiss-based foundation.