Hi guys, there are a few things on the agenda today:
1. I have talked to a lawyer on friday and learned that, in my jurisdiction, it is difficult to "actively run" such a project for a longer period of time as it would be considered to be "commercial activity" which is "profit orientated" and this requires special types of licenses. A one time - or short time involvement - is fine however (hobby project).
Glad you did check with a lawyer ... think you misunderstood what I meant earlier in this thread about getting a lawyer involved. Always good to check to make sure what you are doing is strictly legal. Not exactly sure it's a great idea to just hand over the responsibility of the project to someone else, especially the funding part ... you sort of need to find the perfect manager type (or dev), who not only has a track record, but also is willing to provide his real information. A multi-signature vault on coinbase is one way some devs make sure the funds remain safe when there are several 'leads' on a coin. One of those parties having access could be the same lawyer. A couple of quick observations on the new website/video. Video looks good, although you may wish to remove the 'advanced beta stage' thing from the video ... I mean, how can it be in advanced beta stage when the white paper is still being worked on? As for the FAQ, you'll of course need the obvious stuff, the details on how the coin works, how tokens will work, how to eventually get tokens (besides providing hardware power, exchanges I assume) and information on yourself and any other team members.
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Call me a cynic, but my personal opinion is the Ethereum price explosion is due to the recent Chinese government capital controls to prevent the flow of money out of China.
I think it's simpler than that ... Homestead = pump opportunity. New development equals pump (and typically dump) time.
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i agree. maybe you can increase the first day bonus from 200,000 to 2,000,000.
as they always say, your customer is your most important asset.
Except those customers have already purchased the product (1st day even) so there is not only little incentive to increase the bonus, it doesn't exactly make sense financially. I understand why you ask (who doesn't like free coins), but being realistic, it wouldn't seem like it'd make much sense to just give away 1.8M coins for no real reason.
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Of course he'd become an advisor... He's got lot of Crypti to lose.
And your point being what exactly, that the original XCR coder wishes to support Lisk, so he makes money? I mean, so what? Of course he wants to make money, it's just more of an incentive for him to help Lisk increase in value. If he makes money, so does every investor.
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Crypti Platform is MIT license, so anyone can clone it, call it something else, then start another ICO... perhaps it'll be a better ICO if investors get 99% instead of 85%
First off, I am happy to have a conversation with you, if you please post like a normal human... meaning just use a regular font and bright colors are not needed. Giants fonts/bright colors just scream 'troll'. It doesn't make your points any more valid than if someone starting screaming their arguments. And yep, we all know where Lisk originates from. It's a fork of XCR, and the two devs who forked it were very active over on the XCR side of things. It's not like 2 strangers decided to fork it. I didn't follow XCR for some time, so don't know how long they worked over there, but assume it was some time... therefore they'd have every right to fork the coin if they felt they could improve things. The value in the coin over another clone would be in the team behind it, ICO money used for marketing, and I believe even the lead dev of XCR has agreed to be an adviser on the coin. Lisk will be the new XCR. If other devs wish to clone it, so be it, but they won't have those same advantages.
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So, BTC value of investors share does NOT change.
However, the BTC value of the 8,000,000 Lisk for Devs share has gone up from $0 to $250,000
Investors have seriously got the short hand of the stick in this ICO.
Question I'd have for you is ... do you believe devs of a coin should be compensated for their work? If yes, how much do you think they should make? Right now every Lisk owner has $0. Nobody has sold a coin that doesn't exist yet. But let's say the devs share is worth $250K when the market opens. Okay, so the two devs make 125K (assuming they sell immediately, btc price remain stable). Or basically what a good programmer makes in a year or so. Maybe it's just me, but I'd rather devs make their money in an upfront manner by stating how much coin they are getting, vs the other way devs usually make their money (pre-mines, instamines, ICO manipulation). Nobody should fool themselves into thinking devs do this for fun, or they don't try to make money from their endeavor. The simple fact remains, if devs for a coin are active, ICO funds are used to market/develop a coin, everyone usually wins.... devs + investors (well, until whales do their pump/dump thing, but that is later on).
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Ohhh I get it. We will get a passphrase later on.Tnx.
Well, you can get the passphrase right now if you want to ... just click that little key thingy in your login area, next to the exchange you made. But there is no need for the passphrase right now. Can't do much with it until the coin is released.
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Hello i sent 0.03343989 BTC to exchange site https://ico.lisk.io, and then it exchanged my btcs to Lisks. I see 1400 Lisk on the screen first, but now i see 1380 Lisk... Where is the 20 Lisk? Do you have any idea? And transactions not be done to given given passphares's address Please help I'm not sure if people are being serious now, but I'll answer it as if this was a serious question: The end amount of Lisk you get will be proportional. So it will vary based on how much is invested. Those who invested early would see like 10x as much Lisk back then, as they do now. But the valuation hasn't changed, so it just means the Lisk you do have is worth more.
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Am I missing something? We need passphrase only for web login? Did someone said that there is a passphrase needed when we do "new exchange" thing in ICO page I believe you need the keys/passphrase from each exchange you make, once the coin goes live. It's that little key button thingy in your login area. If you get your key/passphrase now, just remember to save it somewhere safe. But I could swear to Jesus that when I pressed new exchange a week ago I saw no passphrase. Only for web login, not for new exchange. wtf ?? Well, it's not like we can get our Lisk right now anyway, so not a big deal to wait. Once the coin is live is when I think we need the keys/phrases, just so we can get our coins.
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I'm glad I kept most of my funds in ETH, because ETH is up 125% since the beginning of this ICO (Feb 22), while the funds I invested this ICO have NOT risen in value.
I'm disappointed too that my Lisk hasn't skyrocketed in price, even though it hasn't been released yet, ICO is ongoing, and exchanges haven't even been decided on yet. Some may say I have unreasonable expectations, but I would argue in giant fonts (with nice colors!) that I am right, as of course the louder and more annoying my argument, the more right I am.
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Am I missing something? We need passphrase only for web login? Did someone said that there is a passphrase needed when we do "new exchange" thing in ICO page I believe you need the keys/passphrase from each exchange you make, once the coin goes live. It's that little key button thingy in your login area. If you get your key/passphrase now, just remember to save it somewhere safe.
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Guys what's with Bter's withdrawals? Why Xcr is so cheap there?
It's so cheap there because their hot wallet is empty. I suggest you avoid them, regardless of XCR's price... there is a reason why it's so cheap... nobody can get it out. You can check the Lisk thread and see others with that same problem.
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Without a wallet? Thats what im looking for.
As stated, a wallet wouldn't do you much good right now. Although I assume you know this is a fork of XCR, so codewise a wallet and all of those nice things exist, they don't need to be coded from scratch. I do have a question though for the devs here... around when do we have to get our keys by? Is there a deadline, or can we just wait until the wallet is ready to go? I assume we can just get them whenever we want, but wanted to doublecheck.... I haven't gotten all of my keys/passphrases yet (and probably would be paranoid about losing them, so figure I'll just wait).
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Warning Bter Crypti withdrawals are not processed for some time! Do not be fooled by the low prices! It is a bad idea to purchase Crypti there to attend the ICO, if you do not get out it. This message below is active for 48 hours now. Bter seems not want to fill the hot wallet. No response from the support so far . I had hoped they filled it by now. I had that problem like a week or so ago. You can chat with a rep to cancel the order if you want (use their chat and ask for English Lilly, unless you speak Chinese), although then it's basically just folks trading a coin that they may or may not be able to withdraw at a later time.
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Who knows why they accept Crypti on ICO? Now they have about 35 000 000 Crypti. What will they do with huge amount of Crypti?
They accepted it to be fair to XCR owners, with a very fair exchange rate. Otherwise they'd have angry XCR people burning the ICO down. And I can't see them doing much with it. If XCR even survived somehow, it'd be never-ending sell pressure. In a way, it may be better to burn a large chunk of it... then the little that is left could be worth something. But that would only make sense if XCR changed to a different type of coin, with different features, as otherwise it'd just be a competitor to Lisk (if it somehow survived).
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I would also drop the Coin and just name the project "Elastic" and in the crowdfunding one can get "tokens" instead of coins.
[ELC] Elastic: A Revolutionary, Crypto-Driven Computation Cluster (weighted Crowdfunding)
Hadn't considered it before, but I think you are right. 'Elastic Coin' sounds like a generic crypto ... either just 'Elastic' or 'Elastic Cluster', or something similar does sound a bit more professional. I like the token idea too. Tokens would allow earlier trading too (such as how assets are traded on NXT, or how Maidsafe did things). But I don't think EK wants to go that way.
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*first app that will be running on top of SAFE Network known as Safe Exchange - exchange going BETA sometime mid March 2016. You will be able to earn Safecoin by submitting votes over Safex.
I don't know a whole lot about Safex, but how can it be going Beta in like 2 weeks when Maidsafe hasn't even released its MVP yet? I mean, don't they need a bit of time between the network going up and the release of their exchange? And MVP is just some minimal release anyway... would it be functional enough to run the Safe Network?
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What will be done with the Crypti collected by the Lisk team?
I can't imagine it'll be of much use to them. They can try to sell a tiny bit, but otherwise, it'll just sit there forever I expect. Even if by some miracle XCR survives, who would want it? The Lisk devs here will own an insane percentage of all XCR available. I can't see anyone interested in buying XCR on that fact alone... it's like infinite sell pressure.
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Google Play and Apple's AppStore both take a 30% cut from paid app sales.
App developers may get attracted to Lisk & Dapps to avoid Apple's & Google's %30 commission.
Can any Apple & Google App devs here weigh in on this point? I'd love to hear your prospective on Dapps...
And they'd also avoid the exposure their apps get by being in the Apple/Google stores too. I don't see this as a viable option really. Besides that, most people aren't fond of sideloading apps (even if they know how) outside the stores in the first place.
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due to low volume on bter i think they making too less money having a big focus on security. i would recommend to slowly transfer positions out of bter.
I usually try to avoid Bter, but their XCR prices were quite good... although since I couldn't get them off the exchange, I guess I now know why they were so good. Hopefully they refilled their hot wallet by now. Unless a person knows Chinese, it's not always so easy to get easy answers either (although thankfully they have at least one rep who speaks english on their support chat).
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