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Just a funny question that popped up in my mind:
Could Augur play chess (very slowly) against a grandmaster by letting people predict the best moves?
I think if it could, it would hit frontpage news.
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So now the price is becoming too expensive because of the inflation ?
I think LiskHQ answered it quite well. They want to make sure there's enough incentive to run the delegate nodes Lisk needs for the network. I was a bit worked up about the inflation (and the fact that I didn't calculate it myself) but now I'm fine with it. I guess if they make Lisk work, there's enough room to grow to a 3-5 Billion marketcap in 3 years, so 145M coins won't be that bad. |
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Anyone interested in buying a Lisk ICO account with 1 BTC?
I purchased during 10% period, but I'll settle for less than that.
I believe in Lisk for long term, but I must admit that I didn't read throughly before investing and I'd like to have my BTC in hand for trading.
How can a buyer be sure you destroy the passphrase after you sell the LISK?  I think this won't work, even if you don't have the intention to scam anyone. |
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I like the idea of Elastic.
How's the ICO doing?
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https://docs.google.com/spreadsheets/d/102y7i8_79Zfuzgo4oy99EDZwbQc8lR8W-LAC0vj8RlE/edit#gid=0In the first year it's 15.77%, so the Lisk community has to grow about 16% to maintain the same prices. At a 2M marketcap that's about $877 a day. That's really peanuts, in comparison Ethereum currently creates about $400,000 of new Ether every day. Bitcoin about $1,500,000. And remember, they are mining based. That means people need to sell the Ether/BTC in order to pay for their energy costs. At Lisk however the LISK don't need to be sold right away. In fact if the community sees that a delegate is always selling all his LISK they will remove the votes from him. Because running a LISK delegate is so cheap ($5 a month), the delegates should pay themselves a part and use the remaining funds for promotion, for the Lisk users, for the faucet and so on. Also the inflation is not happening over night. Your "45%" are happening over 1825 days! That's a crazy huge number of days for the blockchain space. ** I hope my calculations are all correct. It's getting late here.  But why 16% inflation in the first year? Why not a lower value? What problem is solved with a 16% inflation? Creating a competition over the delegates. In the first year these 16% might be a big number in LISK, but still a small number in USD. This will create a huge demand to become a delegate and securing the Lisk network as good as possible. Also remember these 16% are distributed between 101 delegates. In the future the delegates number might even be increased. At Crypti we had like 10 community delegates, at Lisk we want a real decentralized network. We can only see who was right in 12-24 months. I hope it's you... And about the delegates, I don't think you will have much trouble finding people who want to run delegates for LISK, if the manual is readable I think it's a nice way to earn back a Pi3  And about the ETH inflation numbers... That's their choice, this is not the ETH ICO... |
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https://docs.google.com/spreadsheets/d/102y7i8_79Zfuzgo4oy99EDZwbQc8lR8W-LAC0vj8RlE/edit#gid=0In the first year it's 15.77%, so the Lisk community has to grow about 16% to maintain the same prices. At a 2M marketcap that's about $877 a day. That's really peanuts, in comparison Ethereum currently creates about $400,000 of new Ether every day. Bitcoin about $1,500,000. And remember, they are mining based. That means people need to sell the Ether/BTC in order to pay for their energy costs. At Lisk however the LISK don't need to be sold right away. In fact if the community sees that a delegate is always selling all his LISK they will remove the votes from him. Because running a LISK delegate is so cheap ($5 a month), the delegates should pay themselves a part and use the remaining funds for promotion, for the Lisk users, for the faucet and so on. Also the inflation is not happening over night. Your "45%" are happening over 1825 days! That's a crazy huge number of days for the blockchain space. ** I hope my calculations are all correct. It's getting late here. But why 16% inflation in the first year? Why not a lower value? What problem does a 16% inflation solve? I can't think of a reason why it couldn't be 1 LISK per block. I'll take my chances buying more when LISK is on the exchanges, probably cheaper. |
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Is there an infinite amount of Lisk available? Or how is it capped?
Current plan (in round numbers): 100M Lisk in circulation at Launch 115M Lisk in circulation at End Of Year 1 (from 5 Lisk per block forging rewards) 127M Lisk in circulation at End Of Year 2 (from 4 Lisk per block forging rewards) 136M Lisk in circulation at End Of Year 3 (from 3 Lisk per block forging rewards) 142M Lisk in circulation at End Of Year 4 (from 2 Lisk per block forging rewards) 145M Lisk in circulation at End Of Year 5 (from 1 Lisk per block forging rewards) 3M Lisk added to circulation every year onward to infinity (constant 1 Lisk per block forging rewards forever) So yes, there is an infinite supply of Lisk - and it will take an infinite amount of time to get into circulation! Wow, what? 145M Lisk? I feel stupid now... I should have made these calculations myself before buying Lisk in the ICO. 5 coins per block sounds low but... 5 * 6 * 60 * 24 * 365.25 = 15,768,000 inflation in the first year. I don't want to be a troll about it but I really think that's too much inflation, especially since you let people invest money and then increase the supply before any real progress has been made. Why not start with 1 LISK per block? That's enough, I can't think of a reason for such high inflation rate unless. How about ETH? How many ETH coins will added for 1.2.5 years? Because I don't know I think it's 13 Million ETH this year so ~90 Million when PoW mining ends. After that, 1-2 Million each year (PoS). Not 45 Million in 5 years... That's 45% inflation in 5 years... I know it's my own fault not making these calculations before but I'm really not happy with it, unless there's a really good explanation for it. ETH have a lot of inflation as well. I'm not investing in ETH here, I'm investing in LISK... In the OP I read this: How is the distribution?
• 1,000,000 LISK for early supporters (Bounty Campaign).
• 2,000,000 LISK for advisors, partners, and 3rd parties.
• 4,000,000 LISK for campaigns and bounties (after ICO).
• 8,000,000 LISK for the Lisk core team.
• 85,000,000 LISK for ICO participants. I think a lot of people didn't make the calculation for the inflation rate... I didn't... If I did, I would have started this 2 weeks earlier, before investing in LISK... My mistake... I know... |
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I should have made these calculations myself before buying Lisk in the ICO....I really think that's too much inflation, especially since you let people invest money and then increase the supply before any real progress has been made.
These are the first calculations I made about Lisk, and I immediately started a heated discussion with Max arguing pretty much the same thing. I finally shut up because this is his show and I didn't want to distract him from doing what he thinks he needs to do to make Lisk a success. Who is to say whether this is too much inflation...or not enough? Time will tell. When you launch a project with an ICO you get money from investors. By inflating the supply by 45% in a short period after the ICO, I don't think you're rewarding investors for taking a risk @ lisk. I know I it's not my show but I would like them to explain to me how an inflation rate of 45% is a good idea... |
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Is there an infinite amount of Lisk available? Or how is it capped?
Current plan (in round numbers): 100M Lisk in circulation at Launch 115M Lisk in circulation at End Of Year 1 (from 5 Lisk per block forging rewards) 127M Lisk in circulation at End Of Year 2 (from 4 Lisk per block forging rewards) 136M Lisk in circulation at End Of Year 3 (from 3 Lisk per block forging rewards) 142M Lisk in circulation at End Of Year 4 (from 2 Lisk per block forging rewards) 145M Lisk in circulation at End Of Year 5 (from 1 Lisk per block forging rewards) 3M Lisk added to circulation every year onward to infinity (constant 1 Lisk per block forging rewards forever) So yes, there is an infinite supply of Lisk - and it will take an infinite amount of time to get into circulation! Wow, what? 145M Lisk? I feel stupid now... I should have made these calculations myself before buying Lisk in the ICO. 5 coins per block sounds low but... 5 * 6 * 60 * 24 * 365.25 = 15,768,000 inflation in the first year. I don't want to be a troll about it but I really think that's too much inflation, especially since you let people invest money and then increase the supply before any real progress has been made. Why not start with 1 LISK per block? That's enough, I can't think of a reason for such high inflation rate unless. How about ETH? How many ETH coins will added for 1.2.5 years? Because I don't know I think it's 13 Million ETH this year so ~90 Million when PoW mining ends. After that, 1-2 Million each year (PoS). Not 45 Million in 5 years... That's 45% inflation in 5 years... I know it's my own fault not making these calculations before but I'm really not happy with it, unless there's a really good explanation for it. |
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Is there an infinite amount of Lisk available? Or how is it capped?
Current plan (in round numbers): 100M Lisk in circulation at Launch 115M Lisk in circulation at End Of Year 1 (from 5 Lisk per block forging rewards) 127M Lisk in circulation at End Of Year 2 (from 4 Lisk per block forging rewards) 136M Lisk in circulation at End Of Year 3 (from 3 Lisk per block forging rewards) 142M Lisk in circulation at End Of Year 4 (from 2 Lisk per block forging rewards) 145M Lisk in circulation at End Of Year 5 (from 1 Lisk per block forging rewards) 3M Lisk added to circulation every year onward to infinity (constant 1 Lisk per block forging rewards forever) So yes, there is an infinite supply of Lisk - and it will take an infinite amount of time to get into circulation! Wow, what? 145M Lisk? I feel stupid now... I should have made these calculations myself before buying Lisk in the ICO. 5 coins per block sounds low but... 5 LISK * 6 * 60 * 24 * 365.25 = 15,768,000 inflation in the first year. I don't want to be a troll about it but I really think that's too much inflation, especially since you let people invest money and then increase the supply before any real progress has been made. Why not start with 1 LISK per block? That's enough, I can't think of a reason for such high inflation rate unless you like to artificially keep the price down in the first 5 years. I'll buy more Lisk after the ICO, I'm sure price will drop with such high inflation rate. |
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As far as I know BTER's BTC deposit/withdrawal works. It would be so nice if DEVs placed buy order at 1300 so people could take those BTC back into ICO exchange. Let them stuck on BTER, looks like they'll be useless soon anyway.
Any thoughts on this? How could you tie Crypti sales at BTER to Lisk ownership? Very simple. I want BTER to release my XCR, looks like they are not in the mood to do this for next couple of weeks. If I drop those into 1300 (minus 5% current BTC incentive of cause) wall set up by the devs, they get ICO price XCR, I get my investment into LISK. Otherwise, they'll just stuck there. I doubt if BTER has any XCR left in their wallets... |
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Price of WARP is shooting up at Bittrex.
The last time I saw this happen was RADIUM, just 12 hours before it was added to PoloniEx, like someone was having inside info.
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I think one thing must be made clear.
The developers of Ethereum, RibbetMe, Synereo, Factom, Voxel, Radium or Warp are not working at their projects to make investors rich.
So don't bother them too much, let them dev and make their project great!
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Pretty sure that's the 1.5 mil listed before from the news articals. I think it is too but not many people seem to have noticed what Ribbit is or what it even does |
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Anyone know why the wallet only gives fatal errors ? Windows
Maybe post the error here or PM it to the developer |
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I think I just saw it from the NASA ISS onboard camera too |
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I just saw that YoBit has the option to add coins to their dice game. And for only 0,5 btc they also email the news about the new coin to their users. @LiskHQ until there are some lisk apps for gambling this is a very cheap and great promotion in my opinion... When the coins will be available of course I would couple this with mobile wallets, getting some exchanges on board for trading of the coin, a good marketing budget and then further on ATM contracts (first off add them to existing BTC ATMs and later maybe even Lisk only ATMs...). YoBit is on our list. Thanks. Didn't know the dice game, will take a look at might contact them at launch. Thank you. Please no Yobit.... they launch fake ICO's to solve liquidity problems... same for BTER... you should not link your name to them... But that's just my thoughts... |
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Factom got hurt today and soon we'll hear from people losing a ton of coins because of the FCT pump. Anything too good to be true IS too good.
If ppl lose coins because it's shorted they should take a look into the mirror. It's their own responsibility. Nobody needs to sell because of that. I don't give much on those up's and down's, I'm in for the longterm. And by the way: >100% in just 1 week. No reason to complain about the price. When I bought my first Factoids I would have never expected to see that high prices so soon. Yup, bought in april 2015 and still holding... Trend is looking good, don't care about daytrading... |
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I took a little risk and got me some lisk! |
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