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Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 595. (Read 3074324 times)

hero member
Activity: 546
Merit: 500
LISK moon can be seen over 30k sats today  Wink Wink Wink
sr. member
Activity: 351
Merit: 250
legendary
Activity: 1223
Merit: 1002
Jump in, before its not too late.   Smiley



member
Activity: 112
Merit: 10
Lisk ambassador they were inactive and less to respond to users Smiley
full member
Activity: 210
Merit: 100
Good luck to all the forgers! Hope the price will spike after everything is set up for good! Smiley I bought Lisk on ICO and I'm still holding Smiley
member
Activity: 82
Merit: 10
Lisk Community Forging starting soon!!

Check out the countdown!

http://www.liskdelegate.io/#countdown

6194 blocks and 22hrs to go until forging starts - it will be very interesting to see what happens once the forging has commenced. I wonder if there will be a massive surge or fall in price or if it will be just a non-event.
Most likely the sheep will "sell on news" to the whales, giving the whales larger market share. I've been wrong once or twice  Tongue
legendary
Activity: 1484
Merit: 1029
Lisk Community Forging starting soon!!

Check out the countdown!

http://www.liskdelegate.io/#countdown

6194 blocks and 22hrs to go until forging starts - it will be very interesting to see what happens once the forging has commenced. I wonder if there will be a massive surge or fall in price or if it will be just a non-event.
hero member
Activity: 546
Merit: 500
Lisk Community Forging starting soon!!

Check out the countdown!

http://www.liskdelegate.io/#countdown

WOW...Great news for LISK

Also excited about the mainnet v0.5 release


Great step for LISK and congrats to team, Max, Oliver, etc


With ETH losing trust in smart contracts, LISK will replace it

Behold the next $1B  CRYPTOCURRENCY....  Smiley
full member
Activity: 164
Merit: 100
newbie
Activity: 49
Merit: 0
Hello guys

Is it possible that someone can do a List where i can see all the Delegates names who share their Liskincome with their voters?
It would be great if someone could do that.

Peace!
newbie
Activity: 52
Merit: 0
Hi there, im not doubting what your saying about the team having access to the funds when forging starts. But, i haven't read that anywhere.. maybe i missed it. Are you sure about this?

I still think this is just based on a misinterpretation that has been repeated so many times that it became a common mistake.

They could access ICO funds ever since they launched main net. This is supported by the fact that they did actually get out some money out of escrow a few months ago. They simply choose to leave the left of the money in because anything that they touch without being directly poured into a nonprofit foundation will be taxed harshly.

Hopefully that will happen soon, MME should take care of that. Either way I think at this point of time it's meaningless, so I didn't bother to ask at the last community meeting.

But neverless I still stand by my interpretation.

I think some of this confusion comes from this quote that has been misunderstood.

Quote

...
In terms of the ICO funds that means they have to flow directly into the company itself. I.e. we are not allowed to lay a finger on them for even one second. However, this is not a problem!
...


https://blog.lisk.io/lisk-community-meeting-summary-june-11th-50dcadd41fef#.lf413d603

I think Max just meant that they are not allowed to lay a finger on it or be taxed, not not lay a finger on it because of escrow terms.

From part II of ICO terms:
Quote
The Lisk team won’t have access to any funds at all, until the Lisk mainnet is launched successfully.
https://blog.lisk.io/lisk-ico-terms-part-ii-3b50ab74c9b6

From part III of ICO terms:
Quote
All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition.
https://blog.lisk.io/lisk-ico-terms-part-iii-604e55ad0102#.y0zu7djab

So the intent of escrow terms was clear.

There is also a fact that every time a genesis delegate signs a block it's log has a line like this:
Quote
Forged new block id: height: X round: X slot: X reward: 0
And that's pretty much counts as forging in my book. Forging means signing a block. Who does it and if it has a block reward is meaningless in this context.


Here's the original post regarding ICO terms and ICO escrow in the Lisk Blog

https://blog.lisk.io/lisk-ico-terms-25ca3ecd5a4d#.iu1377gvh

It goes as far as to say:
"All BTC will directly go into a 2-of-3 multi-signature Coinbase vault. That means the money can only be withdrawn if two of the three signees agree.
Therefore we have partnered up with two trusted and reputable individuals who will get one key to the multi-signature vault each.
Axel Hellinger alias iudica, German Lawyer at Kanzlei Hellinger
Paul Klanschek alias TwinWinNerD, CEO of Coinimal

Please be aware that both are independent escrow partners, Coinimal as a company is not involved in this partnership
All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition."

That's good enough for me to assume that access to $11 million USD ICO funds begins on forging tomorrow!
full member
Activity: 176
Merit: 100
https://twitter.com/HelioHash
Less than 20 hours till forging start . Cheers  Wink

sr. member
Activity: 374
Merit: 250
Lisk great buy at current prices

Lots of good news coming up soon

We're hitting 30000 sats soon I believe. Wink Wink Wink

If you really believed that then you wouldn't broadcast it, you would buy as much as you could for the 30ksat. It's only downhill from here I'm afraid.

Maybe he already did ...
legendary
Activity: 952
Merit: 1000
Lisk great buy at current prices

Lots of good news coming up soon

We're hitting 30000 sats soon I believe. Wink Wink Wink

If you really believed that then you wouldn't broadcast it, you would buy as much as you could for the 30ksat. It's only downhill from here I'm afraid.
hero member
Activity: 546
Merit: 500
Lisk great buy at current prices

Lots of good news coming up soon

We're hitting 30000 sats soon I believe. Wink Wink Wink
hero member
Activity: 739
Merit: 500
Hi there, im not doubting what your saying about the team having access to the funds when forging starts. But, i haven't read that anywhere.. maybe i missed it. Are you sure about this?

I still think this is just based on a misinterpretation that has been repeated so many times that it became a common mistake.

They could access ICO funds ever since they launched main net. This is supported by the fact that they did actually get out some money out of escrow a few months ago. They simply choose to leave the left of the money in because anything that they touch without being directly poured into a nonprofit foundation will be taxed harshly.

Hopefully that will happen soon, MME should take care of that. Either way I think at this point of time it's meaningless, so I didn't bother to ask at the last community meeting.

But neverless I still stand by my interpretation.

I think some of this confusion comes from this quote that has been misunderstood.

Quote

...
In terms of the ICO funds that means they have to flow directly into the company itself. I.e. we are not allowed to lay a finger on them for even one second. However, this is not a problem!
...


https://blog.lisk.io/lisk-community-meeting-summary-june-11th-50dcadd41fef#.lf413d603

I think Max just meant that they are not allowed to lay a finger on it or be taxed, not not lay a finger on it because of escrow terms.

From part II of ICO terms:
Quote
The Lisk team won’t have access to any funds at all, until the Lisk mainnet is launched successfully.
https://blog.lisk.io/lisk-ico-terms-part-ii-3b50ab74c9b6

From part III of ICO terms:
Quote
All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition.
https://blog.lisk.io/lisk-ico-terms-part-iii-604e55ad0102#.y0zu7djab

So the intent of escrow terms was clear.

There is also a fact that every time a genesis delegate signs a block it's log has a line like this:
Quote
Forged new block id: height: X round: X slot: X reward: 0
And that's pretty much counts as forging in my book. Forging means signing a block. Who does it and if it has a block reward is meaningless in this context.
legendary
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
100% milestone almost reached!! moon soon! great work lisk!
sr. member
Activity: 448
Merit: 250
lisk will be below ICO price. As soon as forging is enabled there will be a huge dump in exchanges.

I have to disagree. Beginning of forging means access to the 15,000 BTC raised in the ICO. That's 11 million USD by today's Bitcoin rates. The ICO funds have been held in escrow until commencement of forging. Do you really think that Max and the team haven't other news to announce on access to this amount of money. Not for profit corporation plans, developer hire. As of tomorrow and community forging this 15 million becomes a liquid asset!


Hi there, im not doubting what your saying about the team having access to the funds when forging starts. But, i haven't read that anywhere.. maybe i missed it. Are you sure about this?
hero member
Activity: 812
Merit: 500
Ico funds will be used to buy lisk other way lisk dump.
newbie
Activity: 52
Merit: 0
lisk will be below ICO price. As soon as forging is enabled there will be a huge dump in exchanges.

I have to disagree. Beginning of forging means access to the 15,000 BTC raised in the ICO. That's 11 million USD by today's Bitcoin rates. The ICO funds have been held in escrow until commencement of forging. Do you really think that Max and the team haven't other news to announce on access to this amount of money. Not for profit corporation plans, developer hire. As of tomorrow and community forging this 15 million becomes a liquid asset!
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