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MILESTONE REACHED:
1000+ BTC DONATED
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I bought 1 btc from the ICO, i had 78800 LISK 2 days ago, now im at 65150.... whats happening?
Hi guys! I send my crypti to https://ico.lisk.io. After confirmation I saw 99714.0 my XCR to about 95000 LISK. Now it is changed to 92326... I have 2 questions. Is operation finished? Maybe I should do smth else to finish it? And if it is finished why exchange rate is changing? Read this topic and you will find the answer. Small hint: The more people buy, the less you get. Your 95000 LISK could be 65000 LISK at end of the ICO what is this crap? you mean that the lisk that we will buy will be worth less right? and not that what we bought so far will be reduced for our balance? "This crap" is otherwise known as "The Laws Of Mathematics". As every one of the spreadsheets I am running below say quite clearly: "The Lisk ICO will distribute a fixed quantity of 85 million Lisk to an unknown number of donors As more donors contribute, the quantity of Lisk received for a particular contribution goes down As more donors contribute, the satoshi worth of Lisk received for a particular contribution goes up At all quantity & price combinations, the original value of a particular contribution is preserved & constant" How Many Lisk You Will Receive For One Bitcoin (BTC) https://docs.google.com/spreadsheets/d/1iOEdaRnBmSAO5miW7xYheeYUgo5wL9l9BONw6x21nQg/edit?usp=sharingHow Many Lisk You Will Receive For One Crypti (XCR) https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit?usp=sharingThe Satoshi Price For One Lisk https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharing |
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When will the mining of lisks start? I am a newbie so sorry if it is a stupid question.
There is no such thing as a stupid question, only people too stupid to ask questions. You obviously ain't stupid, you asked a good question. Mining by DPos Delegates should start a week or so after genesis block distribution of Lisk, or roughly sometime in the first week of April. The first week or so of Lisk will be run by 101 Lisk Foundation nodes, which will be replaced by individual delegates one at a time as those come online. Max will have details. And with Lisk it's called "forging" (in the "blacksmith" instead of the "counterfeiter" sense of that term), not mining. Mining is a Bitcoin / Etherium term that refers to competitive generation of thousands of millions of billions of useless hashes looking for a string of leading zeros in the hash that is a "lucky ticket" declaring a particular miner to be the winner of a reward. Forging is a cooperative generation of one and only one necessary hash to secure the Lisk blockchain, for which you are paid a set fee when it's your turn to do it. During the first year a Lisk forger makes 5 Lisk per block forged, which happens like clockwork about once every 17 minutes, for a total of 150K Lisk in the first year. Lisk generating only one hash per blocktime is one of its huge advantages over Bitcoin and Ethereum and their huge waste of resources. Lisk is literally trillions of times more efficient in CPU cycles per block generated compared to Bitcoin or Ethereum. This is why Lisk can use really cheap computers, while Bitcoin and Ethereum are trapped forever to use a hugely expensive, wasteful and unneeded overhead infrastructure - all those warehouses full of mining rigs. Now THAT'S stupid - and most Bitcoin and Ethereum people have no idea just how stupid it is. |
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ATTENT CRYPTI DONATORS
LISK DASHBOARD CRYPTI NODE TIMING PROBLEM FIXED PER OLIVIER
TRY CRYPTI TO LISK TRANSFER AGAIN IF YOU HAD PROBLEMS BEFORE NOW
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Could everybody that has quoted SISTAR's big red letters please edit them out of your posts? That way, when the mods delete his original posts, the big red letters will be totally gone.
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What is Bitcoin ICO address?
You must go thru the dashboard at http://ico.lisk.io . Click on the "Start Your Exchange" button. There is no direct Bitcoin address for donating to Lisk. |
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what's the point of investing then? there is no profit, if i'll end up with the same value as before, 1 lisk worth more but i have less than what i bought, pointless Dude, the point is that Max / LiskHQ is running an operation that PRESERVES THE ORIGINAL VALUE OF YOUR DONATION at all times over the entire run of the ICO. That's called integrity. There is zero money being made or lost by anybody during the ICO itself - it is just a value neutral distribution process of Lisk coins to donors based on what they donate. Once the ICO is over, the free market will determine the value of Lisk based on its operations and achievements - or lack of achievements. If you read in this thread about the potential of the Lisk system in running JavaScript sidechains and dapps on cheap microcomputers and the upcoming "Internet of Things", you're led to conclude that Lisk may become more valuable in the future. Hopefully much, much much more valuable than at the end of the ICO. THAT'S when there's profit. As every one of the spreadsheets I am running below say quite clearly: "The Lisk ICO will distribute a fixed quantity of 85 million Lisk to an unknown number of donors As more donors contribute, the quantity of Lisk received for a particular contribution goes down As more donors contribute, the satoshi worth of Lisk received for a particular contribution goes up At all quantity & price combinations, the original value of a particular contribution is preserved & constant" How Many Lisk You Will Receive For One Bitcoin (BTC) https://docs.google.com/spreadsheets/d/1iOEdaRnBmSAO5miW7xYheeYUgo5wL9l9BONw6x21nQg/edit?usp=sharingHow Many Lisk You Will Receive For One Crypti (XCR) https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit?usp=sharingThe Satoshi Price For One Lisk https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharing |
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So... cool it down a bit with your non-sense elevator bitches.
Sigh. I wish, sounds like fun. But my wife would kill me, and I'm very fond of her. I kinda want to stay in her good graces... I'm sure she rolls her eyes upwards when she hears your elevator pitches.  That is actually true, and one of the things I love about her. Most of my elevator pitches to her begin, " I read on Zero Hedge today that..." http://zerohedge.com |
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XCR withdrawal from Poloniex pending for 2 hrs+
I guess that's not too surprising. Are my coins stuck there for good?
I have the same problem pending for 12 hours , maybe its the delegate switch couse of votes removing when xcr transfer. No change in delegates for last 24 hours. I am monitoring the Crypti delegates to watch for any problems. We are adding the voting to the Lisk XCR receiving account to replace the non-performing delegates with new ones which will run for at least the next 6 months while keeping the current reliably forging delegates. I tried to restart and reload my node (currently offline) from the XCR images I downloaded from Github but had some problems with them. I have reported to Olivier and he is going to correct the issue. I'll come back up then. Max / Olivier are trying to get the escrow manager to use the Lisk-held XCR to vote and "correct" the network... |
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What a bunch of non-sense. Ether Foundation now has over 10 million in funds, enough to easily blow past the PoS part of development. Please, let's stay grounded to reality. Ethereum is MILES ahead of this project right now, which is fine... but please, can we stop pretending that this thing is 10 minutes away from overtaking Ethereum. It looks awful for people interested in LISK.
Ethereum over spent, sure, but things are now looking way up with massive support from a gigantic community - I don't see why you want to keep pretending like LISK is right on ether's tail. Don't you think it's a disservice to try to sell that image? I'm taking LISK serious but I keep seeing almost PnD level rhetoric from key people - this worries me.
I'm not a key person in Lisk. I have no official affiliation with Lisk, I am just a donor. The advantage of this is I can say whatever I want. And I try to quote links when I say something too outrageous. For example, I said Ethereum is years away from fielding their system, and I quoted a link verifying that as a fact. I never said Lisk is 10 minutes away from overtaking Ethereum. We certainly have a lot of development work ahead to prove Lisk. Say, where's a link verifying Ethereum now has 10M in funds? I'd be interested in seeing that, particularly after I quoted what V himself said only two months ago. EDIT: Oh, wait a sec. I was wrong in my original post, now corrected. 2.5M ETH at the current $6 each is $15M equivalent, not $6M in the Ethereum Foundation treasury as I really stated. That is probably what you are referring to as "$10M", but that is of their own currency. Somehow, that's just not the same as cash in the bank....particularly with their market looking the way it has over the past few months. Check this out, hot off the press: http://www.financemagnates.com/cryptocurrency/trading/is-ethereum-a-bubble-or-is-it-being-pumped-what-does-the-data-say/ |
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My main problem is that most the BTC will be allocated towards big-fancy-lawyer and big-fancy-developer standards of living. These guys probably burn 50k euro per year per person on their personal expenses. They burnt through 750 BTC from crypti too fast, now they still have to pay their expenses, so they make up a new project and ask for more money.
Holy cow, Trader Joe. They brought YOU into the Hidden Underground Lisk Command Bunker where you learned all these top-secret facts and plans, but they didn't invite ME !?! Sheesh. If we MUST indulge in fun, stupid gossip about a cryptocoin, let's talk about Ethereum and the mess they made of their ICO. Those guys raised $18M and promptly lost $10M of it in Bitcoin price speculation / depreciation. (Hint to Max - please don't let this happen to Lisk!) After losing over half the funds they raised, the Ethereum Foundation only spent $4M of it in their first 14 months. https://www.reddit.com/r/ethereum/comments/2zoawi/ethereum_foundation_out_of_money_xpost_rbitcoin/cpkxg3y They've undergone some major firings / reorganizations since then to get their dev effort running smoothly. Even so, their own internal leaked memos say that a functional Ethereum system is still years away. http://cointelegraph.com/news/ethereum-launches-but-leaked-chat-says-project-needs-years-more Vitalik himself acknowledged the Ethereum Foundation treasury at the start of 2016 has only $150,000 fiat, 640 BTC, and 2.5M ETH. https://www.reddit.com/r/ethereum/comments/3wmctp/i_read_that_it_has_been_published_how_much/cxxei81 At current prices, that's ONLY $150K + $272K (from BTC) = $422,000 in liquid cash plus $15M OF THEIR OWN CURRENCY, WHICH MAY BE IN A BUBBLE THAT COULD POP. And get this - Ethereum's initial burn rate ($4M in 14 months) was over $250K per month. If they started 2016 with only $422K, ETHEREUM COULD POSSIBLY HAVE ZERO CASH ON HAND TODAY. So let me get to my main point. Ethereum is NOT a big bad invincible monster against whom Lisk does not stand a chance.In many ways - lean organization, and existing code base, and technology concept, and maybe even cash-on-hand, to name just a few - Lisk has Ethereum beat hands down. |
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If u check the price it says, the price for 1 lisk will be 1397 satoshi.
And the early investors are buying 1 lisk for 1300 satoshi, and the coin has only been released 2 days.
The price of Lisk and the amount of coins given to each individual participant will change as the ICO progresses and more people buy into it. You're also assuming that the price will stay the same or rise after Lisk hits the exchanges.... which isn't a foregone conclusion. Sorry, but this is not a correct way of looking at the ICO. The early investors are NOT buying 1 Lisk for 1300 satoshi. Instead, the XCR held by the early Crypti investors is being accepted at a fixed price of 1300 satoshi as it is exchanged for "equivalent" BTC which is used to buy Lisk. This is not the same thing at all.The original intrinsic value of everybody's donation stake (whether BTC or XCR) will be preserved at its original value during the ICO. As more people come in, the share of coins you get goes down and their value goes up to compensate. Nobody makes or loses any money during the ICO. In particular, the Crypti exchangers are already getting less than one Lisk for each 1300 fixed-satoshi-price Crypti they exchange, as seen by this chart: https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit#gid=763738405Crypti exchangers are going to get fewer and fewer and fewer Lisk for their Crypti as this ICO goes on and the value of a single Lisk increases. When the ICO is over and the free market takes over, it is a whole new ball game as Sussex correctly says. Then, Max and Olivier and everybody else supporting Lisk will just have to work harder and harder harder to keep the price of Lisk headed up. And that's the plan. |
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so how is sale going ?
770+ BTC so far! |
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So... cool it down a bit with your non-sense elevator bitches.
Sigh. I wish, sounds like fun. But my wife would kill me, and I'm very fond of her. I kinda want to stay in her good graces... |
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I have been eyeing on those $9 computers but upon reading their specs, I found out that they do not come with an Ethernet port, only with WiFi and if you are going to use WiFi you are in danger of not being able to provide a 100% uptime because WiFi is not a reliable source of connection. Ahtough, you can hook up a Debian linux compatible USB ethernet adapter to it, but I have seen reliability in-the-long term problems with that, but its in the options. So far using my excess motherboard with its built in Ethernet adapter sounds like a better idea.
Or a $35 Raspberry Pi 2, which DOES have an Ethernet port.
http://www.amazon.com/Raspberry-Pi-Model-Project-Board/dp/B00T2U7R7I |
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Why not hype AFTER the ICO is over ?
Huh. Great idea. I will. |
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