Take a look here.

You are talking about the Lisk blockchain itself, right? 101 delegates, i.e. 101 Lisk addresses can become active delegates. There will be thousands of regular addresses though. Everyone can own LISK, not only the delegates.

The community will vote for these delegates with all their LISK themselves. That means everyone has the chance to become a delegate.

Theoretically everyone could create 101 delegates and end up with all of them being active. However, this is very unlikely. To make this scenario even more unlikely, we introduced the Forging Rewards. This way we can be pretty sure that there is stiff competition, that means everyone will want to be a delegate.

Sorry to hear that. Wish you the best!

You can't get bounty stakes for other people you convinced to like/follow Lisk. Sorry.



By tomorrow I have updated the whitepaper.



"Dapp owners": Is the person who developed the decentralized application and I presume he also has at least 1 master node running. (WRITE/READ)

"Dapp master node": One of maximum 101 sidechain forgers. (WRITE/READ)

"Dapp user": Regular user who is simply running the dapp. (READ-only)


Let's say in our scenario there are 101 sidechain master nodes, this is the best case and equals Lisk itself. There are now different scenarios.

Dapp owner changes the source code on e.g. GitHub: This can be seen as a regular update for the dapp, either soft or hard fork. Similar to an update for crypto-currencies. The network itself isn't affected as long as nodes don't update.

Dapp owner/any master node owner changes only the source code on his own master node: Here it matters where he made the changes. If the changes are in non-critical areas (I can't define the critical areas in general, e.g. a critical area is block generation, a non-critical is frontend) nothing happens and he can still participate as a sidechain forger. However, if a critical area is affected his generated blocks won't be accepted by the sidechain and he will land on a fork. The whole network won't fork here, only his own node.

Many master nodes update to latest hard fork version:

x nodes: There will be two networks active. One on the majority and one on the minority of the master nodes. Users will have to choose which fork they chose.

nearly all nodes: A huge majority inherently decides which fork is the "main" path. Therefore this can be seen as a hard fork which may occur with regular updates. (e.g. at Bitcoin the increase of Block size)

Many individual dapp users change their dapp: Nothing happens to the network itself, because these users don't generate new sidechain blocks.



So, in conclusion this is exactly the same behaviour as in crypto-currencies like Bitcoin or Nxt. If a dapp owner wants to introduce new features he should do it with milestones, that means at a certain blockchain height the new feature will be activated. This way the master nodes have a certain timeframe to switch to the update (or may decide against it).

I know where you are coming from and can completely understand it. However, the amount we can raise decides if Lisk becomes a company, or not. A limited in the UK or a foundation in Germany. If I move to London or stay in Germany. It also decides how many employees we can have and in what speed we can develop. How many marketing packages we can buy and what type of partners we can approach.

These are only a fraction of the variables. There is too much unknown to make a specific report which 100% needs to be re-done later on. I'm not the type to promise the sky and deliver nothing. I do it the other way around, I build things consistently bigger.

Don't worry, once we know the amount we collect, we will work on exact and detailed plans. This is a gigantic task which takes several dozens hours. It doesn't make sense to do them now for every possible amount. There is much other work to do.

Thank you for your patience.

Here you can find our roadmap.

https://blog.lisk.io/the-lisk-roadmap-9e854719e792

I will add you, as I know that you added it before. Seems like your signature slipped through. Even though I wish you would make it more beautiful. I know the life as a "newbie" rank member is hard here.  


Tomorrow you will find yourself on this list for week 2.

Ethereum, Facebook, Microsoft, Apple, Google.. They all started with 1 or 2 persons who had an idea. It's natural that a project starts with only a few people. We exist since 19 days and already have hundreds of Twitter followers, Facebook likes, Bitcointalk posts and chat users. It's a process and takes some time.


waxo: Please check our signature.. There is an error.

What do you mean?

Do you have AdBlocker or Ghostery active?

There won't be a fixed limit which can be announced before. If we see after the ICO that an individual would end up with over 20% of all LISK, we will contact him and explain the case to him in private. We (or our escrow partner) will then transfer him the excessive BTC back. However, to be over 20% one would probably need to exchange over 100 BTC minimum.

Thanks! It's an honour for me to be mentioned in the same sentence as Vitalik, can I save that comment? 

I agree. We can show the Bitcointalk signatures because there is no conflict of privacy in this case.

Click here: https://drive.google.com/a/lisk.io/file/d/0B7DjyOJhmpJkNDdxckYtaXpfSXM/view


If you are not on the list then please note that there are only the names for week 1 and 2 listed. Many of you came after that and you will be on the list next week.

I don't want to give any concrete number, as I will always be wrong here. But we are easily looking for several hundred BTC.



You can insert the Lisk signature into your Bitcointalk signature and later on earn a bounty for that.



The success won't be determined by how much we can collect, but where we are in 12 months. Regarding your second question, no there isn't. We will keep pushing forward.

Hey Mrboot, don't worry. It's a good question.

Yes, we left Crypti because we weren't happy with the progress being made and the direction some people wanted to take. Olivier and I are both hard workers, who want to push the platform further. We don't want to rely on another platform like Bitcoin, we want to build our own one.

Lisk is software. It can always get more features or become better. I'm very sure that there will never be a moment at which we think "Lisk is done".

Once Lisk is at a point at which it goes swimmingly, has a great feature-set, many dapp libraries and the most easiest client in the whole crypto-scene, we want to make our own decentralized applications. Personally, I want to get deeper into the blockchain-based Internet of Things area.

My ultimate long-term goal is to build an awesome dapp platform, for which I can develop dapps myself for many years.


That means you can be sure that we both support Lisk for a long time. If you have the time, just head to https://lisk.chat/ and have a quick chat with me.

Added a link to the Dutch thread to the OP. Thank you dev0tion!


https://bitcointalk.org/index.php?topic=1368751

No.

Yes, we will contact the social network profiles individually.



I don't know how we could control that. Everyone could attend with a proxy and another email address, we wouldn't know it.

If we see that someone will hold more than 20% of all LISK I will discuss it with Olivier and come up with a solution. But I don't see this happening right now.



Please take a look at our comparison chart, FAQ or distribution table.



That's an awesome quote! I will keep it.



The website on which the ICO happens will be put online at the 22nd February. Everyone has access to it and can exchange their coins. (Already answered you on Facebook as well. )

This weeks bounty summary:

I just wrote down all Facebook likers (110 stakes), Twitter followers (302 stakes), Newsletter subscribers (955 stakes), Signature participants (94 stakes) and translators (27 stakes).

Week #1 Values

Please note that there is an unusual high number of newsletter subscribers. We suspect that these are fake emails. We are using Mailchimp to send out our newsletters, and we can see user ratings there. That means we can see if a user is reading a newsletter or not. At the end of the newsletter bounty campaign we can filter out all fake emails this way.

Here you can view the signature stakes for the second week. The other lists won't be released, because there exists a privacy conflict.

Thank you very much.

Lisk allows every JavaScript developer to deploy a custom blockchain alias sidechain, and develop a decentralized application on top of it. The best; it's already working!

The only other crypto-currency which can do similar things is Ethereum, valued at over $300,000,000. However, Lisk has a great client, Dapp Store and a system which scales better. Additionally the fact that you can develop the dapps in JavaScript is a huge asset, because there are so damn many of them.


If you have further questions, feel free to ask.



Updated OP

I just updated the opening post here on Bitcointalk.

- Changed the colors and images.
- Added information about Olivier and I.
- Added more thread translations, news and announcements.
- Edited the opening letter.
- Added Lisk Academy.
- Added a Lisk <-> Ethereum comparison.
- And a few more fixes and additions.