I was referring to seven figures in dollars, depending on how many dollars one Lisk is worth.  The annual forging reward for a delegate is fixed at 150K for year one.  If Lisk becomes worth $7 per Lisk, then a delegate reward for year one will be Dr. Evil's One Million Dollars.  And a little change to buy a nice car.

After paying for all those server expenses, of course.

The rewards will not go really high.  The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.  The more and more people who vote for you, the smaller and smaller their share of that 150K is going to be.  The more successful you are at getting supporters, the more unhappy your supporters will be.

Yo, that's Lisk, baby.

Interesting idea.   If I PMed 1200+ people and asked straight up, I wonder how many "Yeah, I set up a bunch of 2016 newbie BCT accounts and I'm currently running four testnet nodes under four different names" responses I would get?


I very much agree with this point, as I expressed below before making several major posts trying to get more people to show up for testnet delegate duty:

I care.  A lot.  I am trying my best to see that there are no sock puppets or scams in the mainnet by obtaining background information on testnet delegates.  I'm a snoopy, nosey guy that reads too many detective crime novels ( not to mention zerohedge.com ) and so I have a natural suspicion about EVERYBODY.  Follow my efforts at the links below, and newer spreadsheets I will release for mainnet once Lisk is launched...

https://docs.google.com/spreadsheets/d/1bs7njoJwBTO31H2GJoWopNKKpAtggixsbZZiSIxQkRk/edit

Or maybe you're talking about the apparent high amounts of real money involved in being a delegate.   Hey, I have always advocated that Lisk be a zero-inflation, volunteer delegate coin.  But if there's money on the table, then I am going after my fair share.  That's why I am a testnet Active Delegate to prove I can do the job, and why I hope to be a Active Delegate on mainnet.  Please vote for me!

Max wanted to motivate people to set up nodes to solve a non-participation problem at Crypti (for the record, I was one of the few Crypti community Active Delegates, too). Well, the reward motivation structure he set up has solved that Crypti problem.  We've now got over 1300+ Standby Delegates  trying to get a top 101 Active Delegate spot - and that's just on TESTNET.   I really wonder just how many of those 1300+ realize they've got to download and setup specialized delegate software on a VPS server with their own http://aaa.bbb.ccc.ddd address - and how many have actually done so?

Just because the absolute numbers suddenly look like they're going to get very large doesn't mean that things are not going according to plan or have become a horrible idea.  It means that the intended motivation just gets that much stronger (and the expenses that much higher)  for 101 people to do a VERY good job in securing a coin blockchain worth hundreds of millions of dollars.  SECURING THE BLOCKCHAIN IS THE PRIME JOB of an Active Delegate, NOT running charity giveaways and vote participation faucets.

When Max set up Lisk, he decided 4M Lisk was fair compensation for the two main Lisk devs.  He also decided that 150K Lisk or 3.75% of the Dev reward was also fair compensation to an individual for their work AND EXPENSES to secure the Lisk blockchain for its first year.  And that motivating reward for running the Lisk internet backbone drops every year until year five , like an accelerated Bitcoin halving event.  

Meanwhile, the expenses  for running the Lisk internet backbone are probably only going up up up in years to come.  DDoS protection like Lisk is gonna need doesn't come cheap.  Don't start criticizing the fat stacks held by delegates before there is a true cost estimate and budget of just what it is going to take to create and run the internet backbone this growing monster called Lisk is ultimately going to need.

The ICO distributed 85 million Lisk for the amounts donated in this spreadsheet.

https://docs.google.com/spreadsheets/d/1j1sOFyPa3ZPr6QuG7pzuJtw9DHy4BNuoWw5Iu9N9MiQ/edit#gid=0

To me one of her key points is the FUD about Lisk dapp zip files.  She is saying that because Lisk dapp files are not permanent fixtures on the Lisk mainchain (as ETH dapps are on the ETH mainchain), how do you know you are loading a clean Lisk dapp from a zip file you get from elsewhere?  This is actually a valid point.  So...does the capability exist now in Lisk to put in the main Lisk blockchain during dapp registration an MD5 hash or similar for the offchain Lisk dapp zip file?  Can such a capability be added?  Is should such a capability needed?  (I think yes...)

Max, your response was great, you looked professional and made her look she looked shrill and weak.  Your best line:

Yes, I'm glad that those two guys at Google never started their company because there were so many great search engines back then with hundreds of employees.

Where are the mods that deleted my photos of rockets just a few weeks ago?

And for God's sake go back and <snip> the spam out of your quote area!

ATTENTION TESTNET TOP 101 ACTIVE DELEGATES:

Today's Lisk Community Update discusses the Country Ambassador program, and introduces Ambassadors from Brazil and Germany.  Country Ambassadors are appointed by Lisk Management based on activity level.

https://blog.lisk.io/community-update-april-16-2016-e8a65f0ef363#.59odnhggb

In support of the Lisk Country Ambassador program, I have added a column in my ongoing delegate spreadsheet where you can add your home country information if you wish to do so.   

https://docs.google.com/spreadsheets/d/1bs7njoJwBTO31H2GJoWopNKKpAtggixsbZZiSIxQkRk/edit?pref=2&pli=1#gid=0

What are the latest pass phrase generation / verification numbers?

I could color highlight abnormally high vote approval, I suppose.  Wait until Batman comes out with his list and we'll see.

I really don't get this interest in testnet faucet spammers.   The testnet faucet Lisk has no value.  Faucet Lisk will not be a voting factor on the mainnet.  

If you're saying it shows something about personal character that somebody would do it at all, well, maybe I see your point.  But everybody has flaws, the key to progress is to go beyond them.

Let ye among you who has not laid his eyes upon porn cast the first stone at the character of a faucet spammer.  Lust to have more is in us all and is our core motivator.

Lisk is short for "Obelisk", which were four-sided monuments in ancient times with writing and symbols on their sides to communicate information to newcomers to a city.

Sigh.  We are going to be the first coin whose thread gets to 1000 pages before coin launch.

@liskhq - I know you are crazy busy, but please consider putting a contact with Factom at the bottom of your to-do list.  There is the real possibility of a major partnership with Lisk here.

I appreciate your thoughtful words.  I have gone off to learn a very small amount about Factom.  I certainly agree that is is an important project - providing a way to store bank and government data in a way that proves there has been no tampering when recalled.

Let me ask you these questions.  Wouldn't you agree that Lisk can do exactly what Factom is trying to accomplish in a Lisk Dapp using an infinite number of sidechains?   What advantage does Factom have over Lisk by staying tied to the Bitcoin blockchain with its slower blocktime and huge, wasteful infrastructure?

I am not trying to start a flame war, I am genuinely curious.  Factom seems like a great idea - and one they probably would have tied to Lisk instead of Bitcoin if Lisk had been around when they started development work.  Would you agree?

Huh.  Interesting.  Good job.  Well, for what it's worth, *** I *** never spammed the faucet....

Who knows?  There were a lot of people that got large amounts of testnet Lisk from Oliver and Joel at the start.  You can't just look at somebody with a high number of Lisk and automatically say they spammed the faucet.  Testnet Lisk is free and has no value.  It is used for TESTS.  Nobody was really keeping track of it at the start and it's only important NOW because the testnet population is having to vote for delegates since about three days ago.

This is an interesting intellectual exercise but not a practical one.

@LiskHQ - All the talk above on testnet whales has me wondering about mainnet whales.  

We can use the blockchain explorer to do a snapshot of the top 100 accounts (or even all accounts) at launch to get some idea of what is in the genesis block.  However, individual ICO investors could have multiple exchanges.  So at launch many people will have multiple accounts spread over the genesis block.  

Can you / will you please release a spreadsheet showing how many accounts  (not exchanges) there were in the ICO, and the total amount of Lisk to be allocated to each ICO account?

This would be very interesting information to understand the initial distribution of Lisk.

If you want to dig in and figure this out, be my guest.  Here's how to do it.  

Go to the delegate monitor and find the guy with the most votes (Rank of 1):

https://explorer.lisk.io/delegateMonitor

Looks like it's

 1 Phoenix1969 1748025357855339697L 7164.87425828 LISK  95.83% 1.08%

where the 1.08% is 1% of 100M test Lisk so he's got 1.08M Lisk voting for him.

Now put the 1748025357855339697L address in here to see where those 1.08M votes came from:

http://liskers.club/

So here's everybody that contributed OVER 10K Lisk in votes to Phoenix1969 (there's a lot more UNDER 10K):

12198322211260154688L gregorst 11231.60715557  
299599773283342541L L15Kf0RGE 11578.90020102  
5327467788242764682L redsn0w 11615.17731661  
2031553039045876399L CroDam2 11759.00029736  
1479038695434861905L CannaBananaDelegate 11889.65026743  
13400203520865344634L densmirnov 11901.58533791  
2451864401095311425L vtoroi111 11924.18835687  
4865951838781870898L Gr33nDrag0n 12306.85454974  
6347187894686901138L Cryptostorms 12376.08757229  
15934786530209109801L FabricioSS 12419.72574135  
11964973353981161085L KS134 15128.75440359  
14520757377911221701L joel 16300.89761793  
11827477847453495423L Tharude_US_DDoS 17624.01120024  
8532285419999413560L magnetic 17901.22425678  
9368169126596625547L metal494 18770.41352077  
14251405028911621564L ragnarok 20245.09872557  
13596878578544940343L themaster 20785.41328721  
10362564978609814948L SamurayDelegate 21456.22946477  
6053073394501302382L genexese 35348.8741951  
1748025357855339697L Phoenix1969 39263.03427254  
1326549482697327657L Test01 41099  
17957303129556813956L Nickname_Test_123 58496.61010176  

Those names are Lisk account/delegate/node names.  You can trace some of them back to specific Lisk.chat and bitcointalk users by using my handy-dandy delegate spreadsheet I am continuing to slowly compile and keep current:

https://docs.google.com/spreadsheets/d/1bs7njoJwBTO31H2GJoWopNKKpAtggixsbZZiSIxQkRk/edit?usp=sheets_home

Note that the delegate monitor also has a tool / different tab to check individual accounts and also the top 100 accounts whether they are delegates or not.  You can check transaction on individual accounts, too.

https://explorer.lisk.io/topAccounts

You want to go chase down who did what at the faucets?  There are the tools, have fun.

Again, the current delegate monitor, top accounts, lisker.club and spreadsheet above are all TESTNET.  I hope that all of them will be changed over to MAINNET in a couple of weeks.

Correct.  They are testnet Lisk, and their only value is to vote for testnet delegates.  This is all dress-rehersal practice for the main net in two weeks.