Holding more LISK = more votes. Saying it has nothing to do with the amount of LISK you are holding is a dumbass thing to say.
The community as a whole holds the most Lisk of all and can override any one individual voting for themselves, no matter how big a pile of Lisk that is. Okay, I think I understand now. I still think Max and Oliver will end up with several delegates each. Why would you vote for a competing delegate? If I have 4% of supply, then I will give all of my delegates 4% of the vote, and not add to any of my competitors' % . Because Lisk DPoS is a COOPERATIVE system that must have 101 people to work. And you want your candidate delegate to be responsible in the eyes of the community so it will receive a bulk of COMMUNITY votes, which are greater in total number than any individual's voting power. Delegates are competing to get enough votes to be in the top 101 If you are running a delegate, why would you vote for a competitor's delegate and add to their % ? So if I have 4% of vote, I am only voting for my own delegates. If I give someone else a 4% bump, maybe this knocks me down to 102 spot, and I earn no money. Not a rational thing to do.every delegate should have 2 votes (first that can be used on anybody (even himself) and second that can be use only for somebody else) From a game theory standpoint, you would then take away your 4% vote from delegates ranked above you to get back in the top 101. It is an iterative process with more than 101 voters who are constantly adjusting their votes to meet the twin goals of getting 101 people in place that are needed to run the system while staying in that group of 101 themselves. Eventually it stabilizes. It's not just your voting power that counts, no matter what your voting power is - most of the voters are not trying to run a delegate at all. |
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bipolarism is common here  Again, guilty as charged.  |
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Holding more LISK = more votes. Saying it has nothing to do with the amount of LISK you are holding is a dumbass thing to say.
The community as a whole holds the most Lisk of all and can override any one individual voting for themselves, no matter how big a pile of Lisk that is. Okay, I think I understand now. I still think Max and Oliver will end up with several delegates each. Why would you vote for a competing delegate? If I have 4% of supply, then I will give all of my delegates 4% of the vote, and not add to any of my competitors' % . Because Lisk DPoS is a COOPERATIVE system that must have 101 people to work. And you want your candidate delegate to be responsible in the eyes of the community so it will receive a bulk of COMMUNITY votes, which are greater in total number than any individual's voting power. So, OK, there is a competition to be in the group of community-voted Active Delegates and not in the group of Standby Delegates. But the 101 Active Delegates are all EQUAL PEERS. |
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Holding more LISK = more votes. Saying it has nothing to do with the amount of LISK you are holding is a dumbass thing to say.
The community as a whole holds the most Lisk of all and can override any one individual voting for themselves, no matter how big a pile of Lisk that is. |
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Looks like people who've been hyping this ICO are butthurt that their Lisk share shrunk much further than what they anticipated...LOL
They shot themselves in the foot. Big time! LMAO.
Guilty as charged. |
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Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.
Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them. That staking revenue should be enough to cover all of their personal expenses. Am I correct in thinking the staking revenue will be the salary for Max and Oliver? Surely they will not be taking salary from investor BTC for their personal expenses? Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works. If you have 4% of the LISK. Then you can put 1% of voting power on each of your own 4 delegates. So Max and Oliver will have a minimum of 4 delegates each if they make the rational choice of voting for their own delegates. 4 delegates = 624660 LISK generated in first year = more than enough to cover all personal expenses if LISK is successful You totally do not know what you are talking about. If you have 4% of Lisk, you could put 4% voting power on every single one of 101 "sock puppet" delegates you were secretly operating. The community could then AS A WHOLE put a combined 20% voting power on 101 other non-sock-puppet delegates run by 101 real people who would ALL then become Active Delegates. Your 101 sock-puppet-delegates with 4% voting power would be Standby Delegates and not earn a single Lisk. I repeat, go read the Delegate Handbook and come back to post when you understand how Lisk really works. |
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Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower.
Max and Oliver each own 4% of LISK. Therefore they each have 4 delegates = 624660 LISK generated in first year for each of them That staking revenue should be enough to cover all of their personal expenses. Am I correct in thinking the staking revenue will be the salary for Max and Oliver? Surely they will not be taking salary from investor BTC for their personal expenses? Ownership percentage does not guarantee the community will vote you into a delegate position. "Four percent ownership" does NOT mean "Has four delegate slots". Go read the Delegate Handbook and come back to post when you understand how Lisk really works. |
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it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant
Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs a wasteful competitive system to generate trillions of useless hashes to look for a winning lottery ticket when you've got an efficient cooperative system that only needs one hash per block? This concept will hurt lisk like bitshares... staking (or similar) is helping, because it supports the network. Many people are participating. But this delegate thing is cheesy. The poorer ones are getting poorer and can't do anything against it... I know that phrase about "supporting the network" is the propaganda party line...but WHAT DOES IT REALLY MEAN? Tell me HOW having hundreds of thousands of miners "SUPPORTS THE NETWORK"  |
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It is pity that there is no mining. Many people don't like PoS coins. LISK looks like NEM, NXT, Bitshares, Qora and etc with its flaws.
I hope with that big ICO money LISK team can successfully defend own baby from oblivion. Good luck!
Actually there is forging (mining) beeing a delegate is a very serious buisness , can someone please do the math (daily /monthly/yearly forging Lisk per delegate ? Our Spreadsheet master maybe  would be very nice. I don't know who this "spreadsheet master" is you're talkin' about, but until he shows up, here's some numbers to think about... Lisk blocktime is every 10 seconds Your turn as a delegate to forge a block and get a reward comes every 101*10 = 1010 seconds There's 60*60= 3600 seconds in an hour, so one delegate gets no more than 3600 / 1010 = 3.56 blocks (and rewards) in an hour There's 24*3600 = 86,400 seconds in a day, so one delegate gets no more than 86,400 / 1010 = 85.54 blocks (and rewards) in a day There's 30*86,400 = 2,592,000 seconds in a month, so one delegate gets no more than 2,592,000 / 1010 = 2,566.33 blocks (and rewards) in a month There's 365*86,400 = 31,536,000 seconds in a year, so one delegate gets no more than 31,536,000 / 1010 = 31,233.76 blocks (and rewards) in a year Year One rewards are 5 Lisk per block forged. Year Two rewards are 4 Lisk per block forged. Year Three, 3 Lisk. Year Four, 2 Lisk. Year Five and onward, 1 Lisk. Maximum Year One forging rewards for one delegate is thus 31,233 * 5 = 156,165 Lisk. The actual number will be somewhat lower. it's not the same standard mining is actually fine, if they can add it later by a fork or whatever if possible, it would be great, this must be done with a gpu algo, asic resistant
Mining is evil and will never be a part of Lisk - ASIC, GPU or otherwise. Who needs a competitive system to generate trillions of useless hashes to look for a winning lottery ticket when you've already got a perfect cooperative system that only needs one hash per block? |
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Wow, 10,000 + BTC raised in a short period of time.
Like I said in the LISK price speculation thread, it is really worth noting that LISK code is going to be in Java and that means there are lots and lots of coders who can just jump right on board.
LISK might really sneak up on the corporate world because of this. Lots and lots of use cases that can be implemented from early on.
Um, for about the 10th time, Lisk is based on JavaScript, not Java. These are two completely different code languages. |
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Requested poloniex to add this 'coin' on its exchange ! I think it will hit first on c-cex , bittrex and after on poloniex ! I filled too, come on guys! Me too , come on guys . Request submitted Submitted! submitted !! Submitted !!! |
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ICO is currently at almost around 9,000 bitcoins (8,928 bitcoins currently).  I wouldn't be surprised if ICO breaks 10,000 bitcoins before the ICO is over. I am eagerly awaiting and actively checking this thread for updates and any announcements regarding the development and future release of LISK. Thanks once again to Oliver and Max for their handwork and keeping the community actively updated. I can see this project being tremendously successful and I am glad to be part of it. Actually, the 10,000 goal was reached and exceeded. 8,929 BTC exchanged 68,413,771 XCR = 844.86 BTC exchanged 235.97 BTC exchanged from Shapeshift Total = 10,009.83 BTC Technically the Crypti BTC are "effective" BTC rather than "real" ones. They are accounting tokens to fold the Crypti members into Lisk correctly and do not contribute any cash into the tech dev fund like BTC and Shapeshift coins do. The "bonus" BTC are "effective" accounting tokens with no cash behind them, too. So...we're not at 10K BTC yet. |
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I'M in for PnD group like ETH did, it will be nice PUMP RIDE, hell yeah go go go for LISK, MOON LANDING HAS BEEN MARKED FOR APOLO LISK looks like 12k BTC after ICO end i want the word 'moon' banned from this forum. Hell, I'd settle for "APOLLO" being spelled right. |
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What will lisk do better or equally as ethereum?
Still looking for answers why a forked crypti with a new name has so much hype and 8k btc invested?
I'll be happy to tell you all about it with large colored letters in 43 hours. |
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0.05 cents is 0.0005 Dollar
0.05 cents of what are valued 0.0005 dollars? lol if you talk in dollars so 0.05 cents dollar are 0.05 cent dollar thats elementary school math US Coins: 1 dollar = 4 quarters ( 0.25 USD each or 25 cents) = 10 dimes (0.10 USD each or 10 cents) = 20 nickles ( 0.05 USD each or 5 cents) = 100 pennies (0.01 USD each or 1 cent). Lisk is currently worth 0.043 USD or a little more than four pennies each. |
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Max says we continue the ICO for 64 hours as planned.
Btw I think you made an error, as first and great promoter and supporter of lisk it wasn't a good move change your path spreading "fud", alarming people about one guy that bought 1000+ btc and considering to end the ico @ 6000k btc, this move can only generate panic, if it's not said by a newbie account with one post. You understand what I mean. It was something you should have done only privately with devs. The ico rules can't be changed, and in fact dev didn't changed it even after your concern. If there's some whale we can't say what's going to do, we know how they act yes, but if it let us notice its buy, it was because the whale want us to panic. yes. I admit to both making an error and panic. Onward. |
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