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Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 658. (Read 3074310 times)

hero member
Activity: 546
Merit: 509
Decentralized Application Platform
@LiskHQ:

I looked a bit into the gGmbH (gemeinnützige Gesellschaft mit beschränkter Haftung) you guys are trying to set up and have few concerns if it's the right choice for your company. This is not intended as fud and please correct me if I'm totally wrong:

A gemeinnützige Gmbh is roughly translated a "limited non-profit company" or "non-profit limited liability company" which intends to act in a social manner and which is not profit oriented. This would put "Lisk" in the category of Social Entrepreneurship with the intent to develop, fund and implement solutions to social, cultural or environmental issues. Now I guess your main goal by forming a gGmbH is to get tax advantages (which are very high in Germany). gGmbHs are mainly charitable organizations focusing on philanthropic goals or social well-being ( educational, religious, cultural, scientific).

So my main concern is: How does Lisk fit into this category? Lisk may be scientific and research oriented. But at the same time a lot of aspects are   for profit oriented (offering cryptocurrency, being listed on several exchanges etc). Are these aspects the reason for the delay?

I hope you could clear this up in your next blog post or meeting.

Thx

Edit: I guess that's also why the ICO investments had to be declared as "donations"

A gGmbH first and foremost is simply a non-profit company (focus on company, not foundation!). Reasons for being non-profit are often "to develop, fund, and implement solutions to social, cultural or environmental issues". However, there are also other examples of non-profit companies like various tech foundations show. Being a company puts it a little bit more into the commercial aspect while all profits go back into the company.

The reason for delay is that Germany knows relatively little about blockchain technology. We will post an update.


Cheers,
Max
hero member
Activity: 546
Merit: 509
Decentralized Application Platform
Hey guys,

CoinCap.io published the Lisk asset profile yesterday. Happy to see it there.

http://news.coincap.io/2016/10/asset-profile-lisk/


PS: Some users reported that LSK vanished from ShapeShift yesterday. It's now available again. They updated their wallets.


Kind regards,
Max
legendary
Activity: 1946
Merit: 1007
Bitcoin moving up, altcoins moving down to stay at the same USD value.

It happens all the time and people should not be surprised by it anymore.. LSK will grow again, it was just a bit overbought by impatient people.
sr. member
Activity: 432
Merit: 250
Given that most alts are red across the board other than a few pumps of the day, the current downtrend isn't much of a surprise. This is not a day trader's coin right now - it's in its development period and will be for some time.
sr. member
Activity: 428
Merit: 252
I personally invested into the ICO and have not sold any of my LSK since then.  This is not a coin that's going to skyrocket immediately.  Look at how long Etheruim took.  I remember so many people calling it a scam in the first couple of months after the continuous delays in getting it take off.  Things take time and its probably for the best.  Don't we want to have something developed correctly rather than rushed and full of bugs.  The guys behind this project are continuously making improvements and releasing updates.  Compared to many other coins out there, this is a solid coin which has huge potential.  We just have to give it time to mature and get its name out there.   If people are selling, its because of emotions or they're looking to invest in other coins.
full member
Activity: 181
Merit: 100
LSK is now flushing down the toilet.

Some cryptocurrency Lisk included are getting a bit affected by sudden bitcoin price rise.
hero member
Activity: 810
Merit: 1000
legendary
Activity: 1008
Merit: 1000
LSK is now flushing down the toilet.
sr. member
Activity: 337
Merit: 250
@LiskHQ:

I looked a bit into the gGmbH (gemeinnützige Gesellschaft mit beschränkter Haftung) you guys are trying to set up and have few concerns if it's the right choice for your company. This is not intended as fud and please correct me if I'm totally wrong:

A gemeinnützige Gmbh is roughly translated a "limited non-profit company" or "non-profit limited liability company" which intends to act in a social manner and which is not profit oriented. This would put "Lisk" in the category of Social Entrepreneurship with the intent to develop, fund and implement solutions to social, cultural or environmental issues. Now I guess your main goal by forming a gGmbH is to get tax advantages (which are very high in Germany). gGmbHs are mainly charitable organizations focusing on philanthropic goals or social well-being ( educational, religious, cultural, scientific).

So my main concern is: How does Lisk fit into this category? Lisk may be scientific and research oriented. But at the same time a lot of aspects are   for profit oriented (offering cryptocurrency, being listed on several exchanges etc). Are these aspects the reason for the delay?

I hope you could clear this up in your next blog post or meeting.

Thx

Edit: I guess that's also why the ICO investments had to be declared as "donations"
hero member
Activity: 994
Merit: 513
I don't understand why you wouldn't express your opinion with your money, instead of whining here. You think Lisk is doomed? Sell it. You think Lisk is going down even further? Well, sell now and buy back later. What are you afraid of?  
full member
Activity: 159
Merit: 100
You trolls stop FUDing,you spoiled brats you want everything right now like a little baby,It takes time to become one billion cap blockchain,just wait until then....

Oh No! you must talking of ShiftCoin?

legendary
Activity: 1358
Merit: 1001
You trolls stop FUDing,you spoiled brats you want everything right now like a little baby,It takes time to become one billion cap blockchain,just wait until then....
hero member
Activity: 714
Merit: 500
Lol, lawsuite against lisk.  
I think you do remember that the ico money were to be considered as donation, you can't do nothing Smiley.  

Yeah he (max) promised and investors are still waiting his promises; I'm happy to have sold all my lisk bag few weeks ago Cheesy.  
I will buy a lot of lisk < 30K satoshi, it's not wise to buy now when lisk is dumping.  
legendary
Activity: 2016
Merit: 1360
Community should vote that LISK is using ICO money to SUPPORT the coin price.

In real world when a share goes down then CEO, CFO are buying back shares!!! LISK should do the same. This is not just a shitcoin of 10 BTC or so, but a real coin. he has some RESPONSIBILITIES!!!! and that means not spending money on hookers, plane tickets, drugs,...

Definitely NO
The ICO Fund is reserved for the next five years (development, marketing et cetera) and not for your ego aka profit.

Only incompetent Devs/CEOs of terrible projects buy their own coins to subsidize.

full member
Activity: 159
Merit: 100
Community should vote that LISK is using ICO money to SUPPORT the coin price.

In real world when a share goes down then CEO, CFO are buying back shares!!! LISK should do the same. This is not just a shitcoin of 10 BTC or so, but a real coin. he has some RESPONSIBILITIES!!!! and that means not spending money on hookers, plane tickets, drugs,...

It all hinges on getting the non-profit established. Why it's taking so long? Where are they in the process? Lisk should keep us informed on these matters.

the only time that we will see LSK higher is when you have a POT type of pump else this coin is dead, and we need to start lawsuite against our good friend of LSK... he promise a lot, and nothing has been delivered...

LSK price is at 33300 and about to crater into the earths core. They dont seem to even be responding to questions here now.

Maybe LiskHQ is too busy to comments? What about the community leador? he can answer?
legendary
Activity: 1120
Merit: 1000
Community should vote that LISK is using ICO money to SUPPORT the coin price.

In real world when a share goes down then CEO, CFO are buying back shares!!! LISK should do the same. This is not just a shitcoin of 10 BTC or so, but a real coin. he has some RESPONSIBILITIES!!!! and that means not spending money on hookers, plane tickets, drugs,...

It all hinges on getting the non-profit established. Why it's taking so long? Where are they in the process? Lisk should keep us informed on these matters.

the only time that we will see LSK higher is when you have a POT type of pump else this coin is dead, and we need to start lawsuite against our good friend of LSK... he promise a lot, and nothing has been delivered...
full member
Activity: 159
Merit: 100
Community should vote that LISK is using ICO money to SUPPORT the coin price.

In real world when a share goes down then CEO, CFO are buying back shares!!! LISK should do the same. This is not just a shitcoin of 10 BTC or so, but a real coin. he has some RESPONSIBILITIES!!!! and that means not spending money on hookers, plane tickets, drugs,...

It all hinges on getting the non-profit established. Why it's taking so long? Where are they in the process? Lisk should keep us informed on these matters.
legendary
Activity: 1120
Merit: 1000
Community should vote that LISK is using ICO money to SUPPORT the coin price.

In real world when a share goes down then CEO, CFO are buying back shares!!! LISK should do the same. This is not just a shitcoin of 10 BTC or so, but a real coin. he has some RESPONSIBILITIES!!!! and that means not spending money on hookers, plane tickets, drugs,...
full member
Activity: 159
Merit: 100

Max:

Quote

Hello @all ,

A few words regarding yesterday's dispute here in this chat regarding the testnet bounties. I fully understand your frustrations that it's taking so long to start community forging. I fully believed that at this point we would be up and running already, I was wrong. We continue to push extremely hard as we do from the beginning. Software development is unfortunately never predictable. The last update did a big step forward and the next update will do another step forward.

I ask you all to keep things professional here in the Lisk.Chat and in all other public Lisk communication channels. We just lost an interview with a very promising, high-profile, potential back end developer thanks to the drama yesterday.


Best regards,
Max
 

fucking Christ, it's been four months and now they are hiring the first back end developer, or developer in general. i was hoping I'd buy back in January, but looks like things are going insanely slow.


The non-profit isnt setup yet. They cant have any money (tax-free) until it is setup. Im wondering why it's taking so long to get this setup. Maybe Germany wants Max to pay taxes on his millions?
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