Want updates on Lisk?

Attend the next Community Meeting at http://lisk.chat #general channel

Saturday July 30th 2016 6PM GMT+2 (That's 5PM London, Noon New York)

https://docs.google.com/document/d/14KcZqMHp_wfOkqCTXuP8F9fhwaMspIikKcAzg7Pa5p4/edit?ts=579802cb#heading=h.y6u7tq4edtu2

"The DAO’s contract code ... further research unveiled sloppy coding that should not be there in the first place. Sometimes, it is tough to believe this project raised US$150m, as this was a honeypot waiting to be emptied by the look of things."

http://themerkle.com/new-attack-against-the-dao-reveals-sloppy-coding-by-slock-it/


"What started as an attempt to rescue investor funds in a high-profile project has resulted in a schism that has effectively split the community on the second-largest public blockchain."


http://www.coindesk.com/ethereum-classic-explained-blockchain/

“I do not believe the Ethereum project will survive much longer,” he insisted. “The internal dynamics are a mess, and people are beginning to worry about the legal implications of the code change. People are learning the truth, it seems.”

https://www.cryptocoinsnews.com/source-ethereum-insiders-believe-dao-hack-inside-job/

Lisk has an opening here.  

Lisk's big moves are indeed yet to come...

Lisk holds over 14,000 BTC (worth over $9,000,000) that have not even been touched yet to support code development.

I totally agree with this statement.  I am hoping to be an Active Delegate soon when forging rewards start...so please vote for me!  I intend to fund efforts like this with 20% of my monthly forging rewards going into a special account called mal_dapp_funds:

https://explorer.lisk.io/address/16339383223344816582L

I put an initial 10K Lisk into mal_dapp_fund several weeks ago.  Since it is a little early to be working on actual dapps yet, for now I am using mal_dapp_fund to support other current Lisk software efforts.  

For example,  I funded 5.8K Lisk towards a total of 13K Lisk to support a Lisk Lite Client effort by Fixcrypt.  Most of that 5.8K is hopefully going to get paid back later to mal_dapp_fund by smaller pledges already promised from a group of Lisk community members who all hope to soon be forging delegates themselves.  Check the soft client software out that we have funded for  your  Windows/Linux/Mac machine. It still needs work but the exchange section is awesome, with direct Lisk-to-ATM card support:

https://github.com/fix/Lisk-Lite-Client

I know for a fact that many, many other hopeful delegates intend to support Lisk ecosystem development at a 20% monthly donation level once forging rewards start.  

Let me tell you what I would like to see as a Killer Delegate Project we unify behind:

LiskDAO

The public wanted something like this from another coin, and made it a $100M project very quickly.   That other coin messed up their version of a DAO and have descended into bickering among themselves amid the ruins of their failed attempt.  This has left an opening for Lisk to do it right and fill the current opening in this killer dapp space.  

Anybody interested in coding this?  Let me know.  I can organize a bunch of soon-to-be-delegates to fund you once forging rewards start.

You RISE guys are welcome at Lisk anytime.

https://blog.lisk.io/what-is-lisk-and-what-it-isnt-e7b6b6188211#.4oltfsda2

Last seen on BCT a month ago.

https://bitcointalk.org/index.php?action=profile;u=868204;sa=showPosts

New press release is up:

Lisk Community is Rapidly Developing Tools and Services for the Ecosystem

http://www.newsbtc.com/2016/07/27/lisk-community-is-rapidly-developing-tools-and-services-for-the-ecosystem/

Amen, brother, preach on!  (....as they shouted back in the little rural Southern Baptist church of my childhood).


Hallelujah!  Whoop glory!


Charles, you don't have to talk for them.  It's helpful that you talk to us!  Please do so more often, and give us more of YOUR thoughts (ahem, advice!) on the future of Lisk! 

Sorry, I used the wrong font size and I had to leave my computer suddenly without realizing what I had done.  I've made my red edits MUCH smaller and I will try to use red less.  

Mainnet operators logically need to be picked from the ranks of testnet operators, not language translators.  I certainly agree that both groups are equally critical to the success of Lisk.  There are MANY people who are doing MANY great things in Lisk in MANY ways....  

PLEASE IGNORE ALL PREVIOUS VOTE LISTS DISPLAYED ON LAST TWO PAGES & CONSIDER THIS REVISION

IF YOU QUOTED MY PREVIOUS LIST, PLEASE GO BACK AND EDIT THE QUOTE OUT - THANKS!

*************************************************************************************

LISK VOTING - WHO?

BACKGROUND


Several people feel left out of my list I posted earlier today so I am going back and trying to do a better / more accurate job.  I am going to combine the first  "who to vote for" post and the second "how to vote" post together here with an updated list.   This new list below is divided into four columns.  

The first column below lists 33 people who have maintained around 95% productivity or better on testnet.   Only God knows how they did this because testnet sucks.  But if they can score that high on the unstable testnet, they sure as hell deserve to be running a node on mainnet.  You should definitely vote for these guys, they know what they are doing.  Note:  I am not in this group.  LOL.

The second column below lists 33 people who have maintained roughly 80%-95% productivity on testnet.  For the unstable testnet, this is damn good and these people deserve your votes, too, IMHO.

The third column below lists 20 people who have a productivity of 50%-80% productivity on testnet.  They're trying and some of them are trying hard.  They will need to do a lot better on mainnet.

The fourth column below lists 19 people who have a productivity under 50% on testnet.  Some have actually left testnet;  some of these never made it into the top 101 and have never had a chance to demonstrate their abilities;  some have gone on to do other important Lisk work (fixcrypt, theredhawk)  Note that 20 in the previous column plus 19 in this column totals 39 delegates, and in your last two Lisk vote transactions (discussed below) you get to choose only 33+2 = 35 delegates.  Welcome to the reality of Delegated Proof of Stake (DPoS) :  

Some people are not going to be chosen as forging Top Delegates.  

There are currently over 600 Standby Delegates registered on mainnet - the 105 that have at least shown up to run testnet, and around 500 more that have not.  Which group do you want running mainnet?

MAINNET VS. TESTNET

Right now Oliver is operating 101 identical genesis servers to run the Lisk mainnet

https://explorer.lisk.io/delegateMonitor

This is a necessary evil while improved Lisk code is being written (version 0.4.0)  The 0.4.0 version hopefully will be stable enough after testing that Oliver will turn off the Genesis machines, forging rewards will start, and the Lisk mainnet will be start to be run by 101 community-elected DPoS (Delegated Proof of Stake) Top Delegates.

For now, hopeful delegates are practicing their node operating skills over on the Lisk testnet

https://testnet-explorer.lisk.io/delegateMonitor

This is an expensive way to practice.  It costs all these folks (including me) money out of their own pocket to run these testnet servers, which are generating "test Lisk forging rewards" with no real value.  

This is also a very frustrating way to practice.  The current Lisk code is very challenging to operate.  While the network endures, individual nodes must be laboriously resynchronized often with procedures that can be very time-consuming.

Many people have given up due to expense and frustration and are no longer maintaining their testnet nodes.  You can see them in the testnet explorer link above as having red dots and / or low productivity percentages beside their names.

SOME PEOPLE HAVE SHOWN THE DEDICATION (GENERALLY SPEAKING, HIGH PRODUCTIVITY PERCENTAGES BESIDE THEIR NAMES) TO CONTINUE RUNNING LISK TESTNET NODES WEEK AFTER WEEK.  

THESE PEOPLE ARE WORTHY OF YOUR VOTE TODAY.  

THESE PEOPLE SHOULD BE CONSIDERED AS A CHOICE FOR DPoS ACTIVE DELEGATES TO RUN THE LISK MAINNET IN THE MONTHS AND YEARS TO COME.

TESTNET EXPERIENCE VOTING LIST

** 95%+ ** 1st VOTE BATCH atreides bacobob bangomatic cad789 carolina cc001 corsaro devasive digitron diplo eclipsun freemind gordo gr33ndrag0n hmachado lamar litcoincollector nerigal odsejen pawart popcornbag ppan redux rmelo samuray slasheks sonobit splatters tharude vega vipertkd vrlc92 xujian

** 80% - 95% ** 2nd VOTE BATCH anamix area axente crodam cryptostorms dafricash distro djselery goldeneye grajson grumlin hoop hua isabella jasmine joel liskit malreynolds mobgod mrv ntelo ottobene phoenix1969 qbanow rado redsn0w sgdias staticinstance techbytes thrice.pi_prometheus vi1son will bigfisher

** 50% - 80% ** 3RD VOTE BATCH amanai bioly bitcoinuserx bitseed byronp cannabanana cointrader83 cryptobase densmirnov digitalcurrencyltd freddag freeze gregorst idealisk liskgate metal494 mrfrismint stoner19 traderbill wannabe_rotebaron

** under 50% ** 4TH VOTE BATCH arisalexis chey cstewart daoist eastwind_ja fixcrypt forrest freiheitswelle grexx lisknode liskpools ondin proto punkrock rooney savetheworld shinotestnet theredhawk vo1d

DELEGATED PROOF OF STAKE (DPoS) FOR LISK ONLY WORKS IF YOU VOTE.  



LISK VOTING - HOW?

PLEASE GO TO THE MAINNET LISK ONLINE WALLET AT https://login.lisk.io/ AND CAST YOUR VOTE FOR YOUR CHOICE OF DPoS STANDBY DELEGATES TO EVENTUALLY REPLACE OLIVER'S GENESIS MACHINES.  

Any account containing more than 1 Lisk can vote for which 101 Lisk delegates will be forging new blocks every 10 seconds for the Lisk blockchain.  The number of votes you will be giving each candidate is equal to the number of Lisk in the account minus 1 Lisk that is deducted as a voting fee.  An account containing 1000 Lisk that votes for, say, 20 delegate candidates (instead of the 101 maximum) will be giving 999 votes to each of 20 candidates.  If you have multiple Lisk accounts, you will need to vote each account separately.

STEPS TO VOTE

1. Log into your Lisk wallet with your 12 word passphrase at https://login.lisk.io

2. Click on "Forging" on the left-side column

3. Click on "Delegates" on the top-most row (between "Forging" and "My Votes")

4. Now you are on a long webpage divided into two sections: "Top Delegates" and below them, "Standby Delegates".  Only 25 delegates are shown in each section.  At the bottom of each section are "page numbers" you can click to show other delegates for each section in blocks of 25 at a time.  At the time this tutorial is written, all delegates in the "Top" section are Genesis nodes run by Oliver.  Actual individuals who need your votes are currently in the "Standby" section.  After forging rewards start, both sections will contain delegates seeking your vote.  Only those in the "Top Delegate" section are actually forging Lisk blocks and receiving rewards.

5. Click the check boxes for the people you want to vote for.  You may need to go to multiple pages / blocks of 25 delegates to find everybody you are looking for.  You can sort by name and rank to help find specific people.  You can cast up to 101 votes total, BUT ONLY IN BATCHES OF UP TO 33 AT A TIME.  So to cast 101 votes, you will have to do Steps 5 through 9 a total of four times (for example, 33+33+33+2).  The running total of check boxes you have clicked on are listed at the top of the webpage, just under the "Forging / Delegates / My Votes" link.  Keep an eye on this number and make sure it is 33 or less.  Unclick check boxes if you have to.

6. Click on the green "VOTE" link in the upper right of this webpage.

7. A window will pop up showing the people you are about to vote for.  If this list is OK, click "Confirm Vote".

8. If you have the second withdrawal passphrase activated in your account, you will be asked to enter it and click "Confirm Vote" again.

9. A green acknowledgement saying "Transaction Sent" will display briefly in the upper right corner of your webpage.  You just spent 1 Lisk to vote.

10. Repeat Steps 5-9 as required to vote for all of your desired delegate candidates.

There was discussion about this months ago and maybe even a list somewhere.  However, with forging rewards delayed and so many people drifting in and out of Lisk since launch, I personally think any existing list is not accurate anymore.

There has been a lot of discussion behind the scenes among delegate candidates about the economics of running a node.  The current thinking is leaning away from "vote-bribes / pool forging" and a lot more towards giving a relatively large portion of forging rewards (say 20% or so) as "charity support" to assist blockchain app developers and their projects.  By the time you add together server costs for high-quality multiple nodes (primary and backup), taxes, blockchain app support, and reasonable compensation / wages for the delegate's time in running the node - after all that, I believe there's not going to be a lot of profit to "give away".  Running a node is a business proposition to keep a multi-million dollar network operational and growing, not some variation on Bitcoin mining pools.

Beware and be cautious of people promising lots of profit to voters.   If you go through the numbers, there really isn't a lot of profit to share in the current DPoS structure.  An Active Delegate makes around 12,000 Lisk per month for the first year.   Say 100 people provide 1M votes each to a profit-sharing delegate who is "giving it all away!".  That delegate now has 100% of all available Lisk votes.  Everybody who voted for him now gets 1% of his income, or 120 Lisk per month on their 1M "investment".  That ain't much.   You got a lot less than 1M to vote with?  Then you're gonna get a lot less than 120 Lisk per month.

Don't trust anybody's "profit-sharing" scheme that doesn't have a detailed budget that includes server costs, taxes, and their own compensation.  If you go through the numbers, Lisk is not about free money to get rich quick.  Lisk is about creating a sustainable, healthy infrastructure by running a core non-profit business relying on tax-paying participants who are paid to keep its network going.

Any account containing more than 1 Lisk can vote for which 101 Lisk delegates are forging new blocks every 10 seconds for the Lisk blockchain.  The number of votes you will be giving each candidate is equal to the number of Lisk in the account minus 1 Lisk that is deducted as a voting fee.  An account containing 1000 Lisk that votes for 20 delegate candidates will be giving 999 votes to all 20 candidates.  If you have multiple Lisk accounts, you will need to vote each account separately.

HOW TO VOTE FOR LISK DELEGATES

1. Log into your Lisk wallet with your 12 word passphrase at https://login.lisk.io

2. Click on "Forging" on the left-side column

3. Click on "Delegates" on the top-most row (between "Forging" and "My Votes")

4. Now you are on a long webpage divided into two sections: "Top Delegates" and below them, "Standby Delegates".  Only 25 delegates are shown in each section.  At the bottom of each section are "page numbers" you can click to show other delegates for each section in blocks of 25 at a time.  At the time this tutorial is written, all delegates in the "Top" section are Genesis nodes run by Oliver.  Actual individuals who need your votes are currently in the "Standby" section.  After forging rewards start, both sections will contain delegates seeking your vote.  Only those in the "Top Delegate" section are actually forging Lisk blocks and receiving rewards.

5. Click the check boxes for the people you want to vote for.  You may need to go to multiple pages / blocks of 25 delegates to find everybody you are looking for.  You can sort by name and rank to help find specific people.  You can cast 101 votes total, BUT ONLY IN BATCHES OF UP TO 33 AT A TIME.  So to cast 101 votes, you will have to do Steps 5 through 9 a total of four times.  The running total of check boxes you have clicked on are listed at the top of the webpage, just under the "Forging / Delegates / My Votes" link.  Keep an eye on this number and make sure it is 33 or less.  Unclick check boxes if you have to.

6. Click on the green "VOTE" link in the upper right of this webpage.

7. A window will pop up showing the people you are about to vote for.  If this list is OK, click "Confirm Vote".

8. If you have the second withdrawal passphrase activated in your account, you will be asked to enter it and click "Confirm Vote" again.

9. A green acknowledgement saying "Transaction Sent" will display briefly in the upper right corner of your webpage.  You just spent 1 Lisk to vote.

10. Repeat Steps 5-9 as required to vote for all of your desired delegate candidates.

Hey, thanks.  I appreciate that.  I will try and post on here more often.  I have been active in other areas of Lisk, stuff I will talk about in future posts here.

Today, please let me talk about something I think is very important.  

Right now Oliver is operating 101 identical genesis servers to run the Lisk mainnet

https://explorer.lisk.io/delegateMonitor

This is a necessary evil while improved Lisk code is being written (version 0.4.0)  The 0.4.0 version hopefully will be stable enough after testing that Oliver will turn off the Genesis machines, forging rewards will start, and the Lisk mainnet will be start to be run by 101 community-elected DPoS (Delegated Proof of Stake) Active Delegates.

For now, hopeful delegates are practicing their node operating skills over on the Lisk testnet

https://testnet-explorer.lisk.io/delegateMonitor

This is an expensive way to practice.  It costs all these folks (including me) money out of their own pocket to run these testnet servers, which are generating "test Lisk forging rewards" with no real value.  

This is also a very frustrating way to practice.  The current Lisk code is very challenging to operate.  While the network endures, individual nodes must be laboriously resynchronized often with procedures that can be very time-consuming.

Many people have given up due to expense and frustration and are no longer maintaining their testnet nodes.  You can see them in the list above as having red dots and / or low productivity percentages beside their names.

SOME PEOPLE HAVE SHOWN THE DEDICATION (GENERALLY SPEAKING, HIGH PRODUCTIVITY PERCENTAGES BESIDE THEIR NAMES) TO CONTINUE RUNNING LISK TESTNET NODES WEEK AFTER WEEK.  

THESE PEOPLE ARE WORTHY OF YOUR VOTE TODAY.  

THESE PEOPLE SHOULD BE CONSIDERED AS A CHOICE FOR DPoS ACTIVE DELEGATES TO RUN THE LISK MAINNET IN THE MONTHS AND YEARS TO COME.

PLEASE SEE UPDATED POST ON NEXT PAGE.



DELEGATED PROOF OF STAKE (DPoS) FOR LISK ONLY WORKS IF YOU VOTE.  

HERE IS A LIST OF INDIVIDUALS WORTHY OF YOUR VOTE, AND WHY.

PLEASE GO TO THE MAINNET LISK ONLINE WALLET AT https://login.lisk.io/ AND CAST YOUR VOTE FOR YOUR CHOICE OF DPoS STANDBY DELEGATES TO EVENTUALLY REPLACE OLIVER'S GENESIS MACHINES.    

THANKS!

I vote 101+ on this design.

New topic.  Perhaps Lisk should piggyback on this effort and train 2 million Lisk blockchain developers who can put dapps on Android smartphones?

http://www.bloomberg.com/news/articles/2016-07-11/google-to-train-2-million-indian-developers-on-android-platform

My apologies to you for misreading your sarcasm as FUD.

They are still waiting for non-profit status from the German government so they don't have to pay taxes on the ICO funding.  So actually, they don't have access yet.

Incorrect.  Year One inflation once forging rewards start is 15M coins for Lisk, not 35M.  So max inflation of 15%, much less than Ethereum.

Lisk Coin Inflation Is Much Lower Than Ethereum Coin Inflation

This press release has put NXT on fire - up 50% in 12 hours, $5M+ in trading, pushing past Lisk in market cap.  When does Lisk get to issue a press release like this?

http://www.econotimes.com/Nxt-Foundation-launches-full-suite-of-Smart-Transactions-234420

Don't spread FUD, the Lisk price is not $15.  You can always find the current fiat value of Lisk in USD at http://coinmarketcap.com/currencies/lisk/#markets.  Currently it's around 0.32 USD per Lisk.

BTW, ETH is at $10.50 each.  

Which do you think gives you a better chance of doubling your money:  ETH rising to $21 each or Lisk rising to $0.65 each?

Me too.  That's why I'm hodling every Lisk I've got.

Hey, please vote for me as a Lisk delegate!  I'm currently on the first page of Standby Delegates you can vote for.  Thanks!