I think that is one of the things that bugs me most about how the coin is being run.

Just saying 'If you don't like it, go somewhere else' comes across as unprofessional. I used to do some games development for a small company, and one of the hosts over there used to do that all the time. It always bugged me... 'if you don't like such and such, go play somewhere else'. And of course, they did ...  to the detriment of the company. It's something I just don't get, as although there are tons of trolls (they should be ignored), it's not that difficult to be more professional about things ... just be upfront rather than tell people to go somewhere else. Don't assume everyone posting something critical, or those asking questions, are a troll or are fudding.

Hope EK takes this as constructive criticism. It's a project I wanted to invest in, but simply couldn't convince myself to... keeping an eye on it though, and may eventually throw a small amount at later.
 

The weird thing will now be seeing all of the people crying 'scam' and asking why the devs are not more active... just because they bought in at Lisk's high on Yobit. They played the musical chairs game and lost... but it's no relation at all to the real Lisk. Yobit/Bloombit could have called it FakeCoin, and it would have been the same relationship ... manipulated tiny market, pumped up during early hype.

Not illogical, although with the ICO interest lately, I expect it's a safe bet that a decent amount will be raised.

Double-edged sword if you look at it as just getting a good price for the coin, however. More Waves per btc = less invested = less whales = less likely to see a price rise (meaning pumps). Best scenario may be an in-between final amount -- decent amount taken in (but not utterly insane).

Safe way to go may be to invest a small amount on Day 1 (for small fish, like myself,  1 btc or so) ... then wait and see how the ICO does, how much spare btc you have lying around, etc.

I'm assuming the majority of folks commenting on Yobit's prices are trolling. Either that, or they are complete idiots and shouldn't be buying into ICOs (or cryptos for that matter) until they do a little research first.

Whatever Yobit/Bloombit sells their Lisk IOUs for is pretty much meaningless. High or low, it's just a manipulated price in a tiny market, with very little relation to the price of the actual coin when it hits an exchange. Everyone should know this.

I wondered if they might burn some of their coins, but then realized... what benefit would it be to them?

They burn their coins, XCR rises in price... but they won't benefit, as they burned their coins. XCR would then be deemed a competitor to Lisk.

If they hold their coins, they could do several things. First, just let XCR die. It's a competitor in a way, so that's an indirect benefit.

They sell half to a dev who wants to take over XCR. It's an insane amount for two parties to hold in a coin, but it could result in at least sustaining things for a while. Then they can sell small amounts over a long period of time. XCR would never truly succeed however, as it's like never-ending sell pressure (if not from the Lisk devs, then the new XCR dev).

They just sell what they can, hold onto what they have... if XCR lives, they do the never-ending sell pressure thing and just get what they can out of it.

There are several possible scenarios, but not very many that make sense for the Lisk devs that also results in XCR succeeding longterm. In fact, I see no logical reason for them to do anything with their XCR besides sell what they can of it. Maybe a whale or two would pay them pennies on the dollar for their XCR, then whales use the XCR as a pump mechanism ... but again, that's not healthy for the coin longterm.

Things will get interesting once there is a real market. My initial target (before the yobit stuff) was around $1/coin... and figured I'd sell a little bit below just to recoup my initial investment.

Now, who knows. It may sink lower, but after the initial selloff, maybe it can be pumped to $2-$5/coin (short-term). Stranger things have happened. The Yobit stuff creates a base price, however artificial, that hopefully does keep dumpers from dumping at really low prices.

Yep, makes sense.

Considering the coin forked to create Lisk (XCR) was above its own ICO levels (and currently is, albeit at low volume) and never crashed to the ground even though it ran into tons of problems, ran out of money and so on, it makes sense that Lisk, with a bazillion dollars for development, will crash down to 1 sat.

I'm not saying Lisk will go insane, but it's a safe bet it won't fall into the shitcoin levels of oblivion.

Really, just ignore him. He derailed his own thread.

Answering real concerns is all that was important. The Lannister thing is the only real outstanding concern, although I have my own suspicions there. You verified your identity (or at least I think you did, haven't had time to check those addresses), so you are good there.

As to whether you can make the coin you set out to make ... well, it's not up to any of us to say if you can do so or not. It's the risk/reward game, and up to each person as to how much risk they are willing to take, how many red flags are too much, and so on.

And that is what would worry me.

I do hope EK doesn't take real concerns as FUD (as this thread seems to going off the rails), but verifying EK's identity, and ideally figuring out who Lannister is, would sort of help assuage some fears. No idea how the latter can be accomplished.

An open project is fine and all, but control of the funds is really with one person, one person with a bought account. Maybe Lannister = EK. Maybe Lannister = some stranger here in the forums. No idea.

The multisig key thing is sort of meaningless as a safeguard. EK even gave me a key (which I didn't want). But since I won't ever provide it to Lannister, it doesn't matter if there is a 3rd key or not.

Actually that's a very reasonable request.

Lannister is the one who I think most over there had suspicions of a bought account (or at least I seem to recall some guy going on about it). EK should be easy to verify though.

You need to work on your FUD there. Probably better to wait until the coin is released, so it can impact the exchange rate for you. Also helps if you weren't wrong about everything.

No approval from Lisk devs (actually outright disapproval), they did not choose Yobit.... Yobit selling IOUs, which is their right. No different than what other folks have done off-exchange before a coin is released.

Well, right now there isn't exactly a lot of sell pressure (one seller), but it does at least provide a base number to work with. Where it goes from there, we'll find out.

The more I think of it, the more I think of just how clever Yobit was with this. It's win-win for them... if they sell they win, if others buy/sell they win (with fees). No competitors selling, market all to themselves. Pretty smart.

If they had a possibility to sell, the price wouldn't go to the moon.

I mentioned to folks in the main Lisk thread how a delay typically works to the investor advantage. This is why ... pre-markets will raise the price. By the time it hits the exchange, it'll at least start higher than it otherwise would (or at least we assume so). In this case it's a manipulated, tiny market raising the price... but it's at least something.

It's been a while, but didn't XCR do more or less the same thing back during the Bter days? There was a delay between ICO ending and actual release of coin, so Bter allowed trading of 'tokens' before the actual release. I don't see that much difference between what happened back then and what Yobit is doing (so no reason for anyone to complain).

End result was a higher price for XCR, if I recall correctly. Other ICOs have done the same, typically with asset trading (nxt exchange, etc) before their real release.

Assuming you invested here, you knew ahead of time what you were investing in. Complaining about the size of the dev team now is just silly.

ETH had a long delay. Iota has been delayed for months (I think). Plenty of ICOs delay for months and months (remember NEM, how long was that delay before release, like a year+)?

A couple of weeks won't kill you.

A decent number of investors didn't validate or confirm their passphrases. Seems like a reasonable explanation to me, especially when we have people posting here about passphrase issues too.

A delay of a couple of weeks is really nothing. I mean, other coins delay for months sometimes and don't even have a coin yet. It's not like the 11th was even a firm date to begin with.

Something people tend to forget... delays between an ICO ending and coin hitting an exchange usually results in a higher price. If anything, the release date was too soon.

Lisk is a scam ... if you didn't buy-in yet, or are hoping for below ICO prices.

It's funny if you look at all the scam threads while the ICO was ongoing. Those same people shouting 'Scam' then turned around later stating how their FUD didn't work, and they actually bought in. They simply wanted to keep the ICO numbers down so they would get a greater number of Lisk (although since the price would proportionally be lower, not sure if that would have been much of an advantage).

FUD/Hype, take all with a grain of salt. It just depends on whatever benefits whomever is posting. This forum is like one giant trollbox.

At some point did you generate a new passphrase? Make sure no spaces are trailing in the passphrase (spaces after phrase is a common error when copying/pasting)?

The question I'd have is... who are they selling to on the 11th, so they can buy Waves on the 12th?

Just because a coin releases on the 11th doesn't mean it will hit an exchange that same exact day. There is usually a delay. So that means people would need to sell off an exchange (in theory, they could do that now if they wanted to). I wouldn't think there would be that many folks selling so early, before a coin even hits an exchange, to rush to get that 20% Waves bonus... it makes little sense.

I wonder if people even know what they are buying half the time here. Not just for this coin, but any coin.

But you bring up a good point. If someone wants their money back right now and invested using XCR (which I assume many of us did here) just ask for a refund, and cash out your XCR for BTC. Of course if/when Lisk takes off, you may cry later.