Thank you. I will update the OP tomorrow and write you on the bounty list. By the way, tomorrow we will publish more information about available bounties. 
What's wrong with being heavily invested in XCR?, I presume Crypti will not die without you (at this point I must say I'm a good holder of those). Not a fact I will invest anything in LISK, but an advantage would be fare I would think. You guys braking a very nice and promising project lacking full throttle marketing, what if you collect 5BTC? You'll brake everything you've done so far. With XCR investors on your side you are becoming a successor, are you not?
Problem wouldn't be with XCR exactly, just the lack of volume. It'd take them ages to move enough XCR to convert to BTC, to pay anyone. So long as the discount is reasonable, I think it'd be okay. If we are seeing 30% discount for BTC people, then I think they may make some XCR people angry. They sort of have to pick an in-between number... where BTC people will feel it's enough of an incentive, and where XCR people go, 'Okay, not great, but it's a number I can live with'.... And that reminds me, what guarantees are there in regard to the XCR gathered up during the ICO? I mean, will it be held in an escrow wallet somewhere, locked up safe for a longtime? Otherwise, the situation will be Lisk Devs holding a ton of XCR, which is now their rival ... and it doesn't take much dumping at all to crush the price. I guess that could be a problem... We will find fair numbers and are of course open to discussions afterwards. Please wait until the 6th, we will break down the numbers in a blog post then. Regarding the XCR escrow, rest assured. |
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Max, he says with 1300 and BTC and ETH discounts, there is no discount really. NO DISCOUNT. You need to choose, 1300 and that's it, or just a plain simple ICO with 3 coins accepted.
Let's say we will simply accept 3 coins. BTC, ETH and XCR. All is well and people will exchange their XCR for LISK. What conversion rate will you use for the exchanged XCR? You need to get back to a common denominator in our case BTC. The 1300 satoshi are simply this. Else someone could dump enough XCR on the market to bring the price down to 50 satoshi to get a competitive advantage in our ICO. This way all XCR holders and those who exchanged their XCR for LISK would be screwed. Hm... I am just saying you should not give any discount for BTC and ETH. 1300 is a very good price for XCR. ... All XCR we collect are practically worthless, we can do nothing with them. ... What's wrong with being heavily invested in XCR?, I presume Crypti will not die without you (at this point I must say I'm a good holder of those). Not a fact I will invest anything in LISK, but an advantage would be fare I would think. You guys braking a very nice and promising project lacking full throttle marketing, what if you collect 5BTC? You'll brake everything you've done so far. With XCR investors on your side you are becoming a successor, are you not? Olivier and I forked Crypti, because of the fact that we don't have much confidence in its success anymore. You can probably imagine now why we don't want to hold XCR only.  The investment won't be only 5 BTC, we will take care of that. It already looks quite promising and we are just at the beginning. Again, please wait until the 6th to get more ICO details. |
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Max, he says with 1300 and BTC and ETH discounts, there is no discount really. NO DISCOUNT. You need to choose, 1300 and that's it, or just a plain simple ICO with 3 coins accepted.
Let's say we will simply accept 3 coins. BTC, ETH and XCR. All is well and people will exchange their XCR for LISK. What conversion rate will you use for the exchanged XCR? You need to get back to a common denominator in our case BTC. The 1300 satoshi are simply this. Else someone could dump enough XCR on the market to bring the price down to 50 satoshi to get a competitive advantage in our ICO. This way all XCR holders and those who exchanged their XCR for LISK would be screwed. Hm... I am just saying you should not give any discount for BTC and ETH. 1300 is a very good price for XCR. Unfortunately, it's necessary for us to get enough BTC in order to build Lisk out into a huge and successful platform. All XCR we collect are practically worthless, we can do nothing with them. On the 6th we will publish many more details about our ICO. Please wait until then to get the whole picture. At that point of time we can discuss our ICO system with the community. |
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Max, he says with 1300 and BTC and ETH discounts, there is no discount really. NO DISCOUNT. You need to choose, 1300 and that's it, or just a plain simple ICO with 3 coins accepted.
Let's say we will simply accept 3 coins. BTC, ETH and XCR. All is well and people will exchange their XCR for LISK. What conversion rate will you use for the exchanged XCR? You need to get back to a common denominator in our case BTC. The 1300 satoshi are simply this. Else someone could dump enough XCR on the market to bring the price down to 50 satoshi to get a competitive advantage in our ICO. This way all XCR holders and those who exchanged their XCR for LISK would be screwed. |
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Being Open SourceAs of yesterday, all Lisk source code repositories are now open source. For this purpose we have registered a GitHub organization in order to create a clean repository structure. Therefore, we invite all open source enthusiasts and Node.js developers to take a look. Get the full list of Lisk repositories on our blog
Regarding your second paragraph. We set an imaginary 1300 satoshi buy wall with the option to invest with XCR. I don't see a reason why people should get BTC though our ICO with their XCR. They would just dump all they have and we would end up with nothing.
Reserving a percentage of Lisk for XCR holders sounds like a good plan, but in the end we will see that nearly all of these 20% of free Lisk will be dumped on the market. This was always the case in other ICOs.
We will have 1M LISK available for free to all who support us on social media channels or subscribe to our newsletter. More information about this soon.
The way to avoid dumping is to get enough outside investors into the project (btc/eth people). Although I do agree that if it's just primarily XCR people getting into the ICO, free coins/buy wall or not, dumping may be a problem. Past examples of ICOs with 100% freebie coins do show dumping... at first. Then the market recovers (depending on the coin), those who dumped cry and so on. Those coins died due to just being junk coins, not the initial dumps. If the freebie amount wasn't too much + enough outside investors were onboard, the market should be able to support any dumping too. But perhaps the wall/freebie coins were a bad idea... not sure. Just thinking aloud as to possible things that could smooth things over a little. You don't want to be stuck with troll types, who ages from now are still harping on XCR/ICO issues ... ie. Dash-like trolls still going on about things from 2 years ago. The one thing I'm still unsure about is the actual XCR conversion price. I know you mention 1300, but are you talking about before BTC/ETH bonuses, I assume? If so, it's not really 1300 exactly ... such as if BTC people get a 5% bonus, it's more like 1235ish... if it's 30%, it's 1000 sats. Sure hope it's closer to 5% than 30%. Yes, it's great if you think out loud here. We need further discussions and involvements. You are right, the 1300 won't really be 1300 in the end. There will be bonuses for Bitcoin and Ethereum, but this bonus will gradually become smaller and in the last week zero. You will get more information about the ICO on the 6th. We will try to make it as fair as possible. You said that "if it's just primarily XCR people getting into the ICO", this won't be the case. I suspect there will be a much higher BTC sum than XCR sum.
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Lisk - A new approachAlthough Lisk is based on Crypti and is essentially a fork by official ex-members of the Crypti Foundation, our whole general approach will be entirely different. - Lisk is a Decentralized Startup - Completely and Always Open Source - Being more Public - Documentation, documentation, documentation… - Solidifying the Core & Adding new Features - Towards a great future! Read the full article on our blog!
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Hallo alle zusammen,
Ich bin Max, CEO von Lisk. Ich komme aus Aachen und wenn jemand mehr über Lisk erfahren möchte kann er sich gerne bei mir melden. Am Besten via PM, weil ich auf diesen Thread wahrscheinlich nicht jeden Tag mehrmals gucken werde.
Ende des Monats werde ich auch einen Vortrag über "Bitcoin für Entrepreneure" beim Aachener Entrepreneurship Verein halten und im Nachhinein bin ich noch anwesend für Fragen bezüglich Lisk. Kommt gerne vorbei.
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I will answer above posts as soon as possible. We are currently making some configurations to our servers, our services will be back soon. Update: Everything is back to normal again. Thank you for your patience. Max did not warn the Crypti team of his decision to fork
Unprofessional IMO
Max and Oliver could have been a little more professional in how they left the project. Max could have let us all know that he wanted to pursue a different and independent direction for DAPPS.
There were two possible directions we could have chosen. 1.) Update the foundation prior about our decision to leave and fork. 2.) Update the foundation and the community at the exact same time. The first direction could theoretically result in insider trading, arrangements to talk our startup and credibility down, dumping by Foundation members, kicking us out of the Foundation earlier, removing our access to valuable, non-public yet MIT licensed resources we have helped build over the past months and much more. I don't say that this would have 100% be the case. I just say that there was a very small chance that this could have happened. It's important to see for every community member that we chose the second direction in order to create a fair situation for everyone. I ask you all to think long-term. You could have sold some XCR in the past weeks in a very small market, or help to turn this code base into something bigger. Something with a huge market cap, with a huge community and with a huge number of dapps in our Dapp Store. Lisk will make the second choice possible. The biggest problem you will face actually has nothing to do with Lisk... just the fact you made some (probably a lot) of XCR people angry due to the price dropping + way this was handled.
The 1300 sat thing will help, just not sure if it will help enough. Have you considered things like a 1300 sat buy wall, or something like setting aside a certain percentage of Lisk and simply giving some away to XCR holders? Like taking a wallet snapshot by a certain date, and those people get 20% freebie Lisk, or something similar?
It'd mean less Lisk you can sell during the ICO, but it'd probably mean a lot less angry XCR people too.
I agree. People who lost money are always a problem. However, the market of Crypti was so small that a "dump" of only 30 BTC resulted in this scenario. We specifically mentioned and promised the 1300 satoshi conversion rate for our ICO in our departure blog post. We couldn't have done much more to prevent such a dump. I'm sorry if not every Crypti member saw our departure blog post, as it was deleted from all official Crypti channels. Why do you think people dumped, because we just brought a bit of reality back into the Crypti community? Because Olivier and I were so important pillars in the Crypti Foundation that it isn't working without us? Everyone can make his own opinion. A few other things I want to mention about Crypti's current situation: 1.) In the last 3 days there were more eyes on Crypti than in the last 12 months. 2.) The volume was very high making traders happy and pulls again more eyes on Crypti. 3.) With Lisk there will be many news articles, if people start researching Lisk they will also look at Crypti. In the end the better project prevails. This is the beauty of open source projects. Regarding your second paragraph. We set an imaginary 1300 satoshi buy wall with the option to invest with XCR. I don't see a reason why people should get BTC though our ICO with their XCR. They would just dump all they have and we would end up with nothing. Reserving a percentage of Lisk for XCR holders sounds like a good plan, but in the end we will see that nearly all of these 20% of free Lisk will be dumped on the market. This was always the case in other ICOs. We will have 1M LISK available for free to all who support us on social media channels or subscribe to our newsletter. More information about this soon. Please make sure to be specific on what will happen with the amount of LISK returned due to the refund option available for those that will participate using XCR. It is very important to be clear on this because the % share of ICO participants would be higher if the refunded folks never joined to begin with. That said, there would need to be a high % of refunds for the above to have a significant impact, of course. Why not be clear though? You are right. We will specifically mention this case which I promise you will be handled in the best way possible. Question to authors of LISK:
1. What key (competitive) advantages of LISK in comparison with Crypti ?
2. What reasons of leaving (or separations) from the Crypti command ?
1. a.) New ICO funds. b.) A fresh team which is highly motivated to push Lisk forward. c.) A clear startup structure which prevents stagnant progress. d.) A CTO with 15 years experience taking the development lead with high industry standards. e.) Being completely open source and involving the community in bi-weekly meetings. f.) A new roadmap with new features, which will be published this week. 2. https://blog.lisk.io/olivier-and-max-leave-crypti-to-establish-lisk-3fd60eb0808f#.qud5j2pevCan we open another thread for the Lisk vs Crypti arguments
i am a brand new investor and i think i've heard enough.
Yep! We will move forward now. |
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Yes, there will be BTC and ETH bonuses. The exact numbers will be made public within this week. The 1300 satoshi conversion rate is a fair offer from us and creates an escape route to a fresh project for the whole Crypti community.
However, in our focus are also new investors who will invest with Bitcoin or Ethereum. This way we can hire additional developers and marketing people, buy news packages on various news outlets and focus on JavaScript developers to build dapps, i.e. by giving out seed-funds or start development competitions.
I strongly agree that you want outside investors. Just saying keep those bonuses reasonable, as otherwise that 1300 value isn't really 1300. Whatever the bonus is... it won't be 1300, just don't make it so it's equivalent to less that 1000. Yes, we will keep everything reasonable. Welcome to Lisk. This is us.Hey there! We are Olivier Beddows and Max Kordek, CTO and CEO of Lisk. Most of you probably know us from the Crypti Foundation in which we were active members over the past year. Read the full article on our blogPS: We will now begin to publish a Lisk related blog article every day minimum. You can look forward to many information. |
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I've been out of crypto for about a year... came back like a month ago, and was happy to see Crypti still around (as it's one of the alts I kept). Anyway, just as the price was creeping up a bit and I was thinking of diversifying/cashing out a little, of course this happens.
The Lisk ICO thing could work, at least as a way to keep XCR at decent price levels/escape route for XCR people (for who want to escape)... but only if the btc bonus isn't too high. If I read the ICO info correctly, those swapping XCR for Lisk will get it at the equivalent of 1300 sats. Not a bad price at all. Even though XCR has reached 1300-1600 sats recently, volume has been an issue.
But I also believe people paying in BTC will get a bonus too? Now depending on what that bonus is, it decreases what the actual XCR equivalent value is. Say BTC people get a 10% bonus... okay, that means XCR equivalent buy-in isn't really 1300 anymore. So that could possibly be problematic.
Otherwise, when the ICO rolls around, those who want to buy-in would be better off just buying up XCR for the 1300 rate. So I guess I am saying to the Lisk people... either have a very small BTC bonus, or none at all.
At least that way it keeps XCR price somewhat stable for now, and around the ICO time, theoretically could lead to a run-up in price. Ex: I expect those without XCR would then be willing to pay 1000-1200 sat for XCR to convert to Lisk vs 1300 in BTC.
Yes, there will be BTC and ETH bonuses. The exact numbers will be made public within this week. The 1300 satoshi conversion rate is a fair offer from us and creates an escape route to a fresh project for the whole Crypti community. However, in our focus are also new investors who will invest with Bitcoin or Ethereum. This way we can hire additional developers and marketing people, buy news packages on various news outlets and focus on JavaScript developers to build dapps, i.e. by giving out seed-funds or start development competitions. We just released our Media KitYou can now download our media kit with many different Lisk logos, icons, branding images and our color palette. Just take a look, there is also the original Photoshop file of our logo included. Unfortunately, I can't show you a preview here on Bitcointalk as my forum rank not allows me to post images yet. Just head to: https://lisk.io/mediakit |
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If I understood it right, your exit of crypti project led to a massive price decline of more than 100% of crypti.
I lost money since I bought around 1000 to 1700 sat.
I think you should offer a refund for crypti scamed investors first and then talking aboiut getting fresh money.
Now you want new investors for your new project.
How can investors be sure that you do not leave lisk in a couple of months too and price crashing again?
Hello MonsterZeroPrice, I can understand that you are confused. You will be able to exchange your XCR for LISK at our ICO. We will valuate the XCR at a fixed conversion rate of 1300 satoshis. To answer your second question. For over one year we were working for Crypti, gave it our all and invested a huge amount of time into it. This is a big positive track record you can't underestimate, additionally we are present with our faces and real names. There is always some kind of risk to get into new crypto-currencies, but I honestly believe that the risk at Lisk is extremely low or non existent. Especially for those who exchange their XCR, you can read here why. Low risk = Lisk. Funny word play.  |
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Thank you. Added you to the bounty list and added the link to the OP. By the way, we will release the bounty list to the public within the next days. That way everyone can keep track of them. |
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Closing the last Commitments to the Crypti FoundationHello Everybody, Olivier and I made Lisk public to everyone at the same time. We didn’t give the Crypti Foundation a pre-notice in order to avoid a heated dispute or give anyone a trading advantage. This method made it necessary to keep our Crypti commitments ongoing until our announcement was done. We will close all commitments with this blog post, which seals our bonds toward the Crypti Foundation. Read the full announcement on our blog.
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Thank you very much. I added you to our bounty list and will insert this translation shortly to the OP. @LiskHQ ICO will be open to everyone? any planned min/max limits?
Yes, it will be open to everyone. You will be able to exchange Bitcoin, Ethereum and Crypti. A lower/upper hardcap (min/max limit) is not planned. More details will be posted this week. Thank you for the article! I will write you a PM regarding the interview. Information regarding the testnet and faucetWe just saw that someone is collecting many testnet LISK. We want to emphasize once again that these are only valid on the testnet and are for testing purposes only. We will launch the mainnet late March and the testnet will be turned offline then. Thank you. |
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Is there a bounty for Brazilian Portuguese translation?
Yes! We only listed the most popular languages, but we will accept any language. I told the other translators the following:- The bounty will be paid in LISK and will be paid once our mainnet goes live (in about 7-8 weeks). - The bounty will be a minimum equivalent of $25, but will probably be more. I can't give any exact numbers here right now, because it's still open how much we can collect in the ICO. - From time to time we will contact you and ask you if you want to update your translation. For every turn you will receive a further "bounty stake". Next week we will issue a blog post about different available bounties and how it's going to work. OK, then I'll do it! Great. I'm waiting for the link then. I already marked your language as "work-in-progress". Could you explain, what is "Round Time"? Of course. At Lisk we have the "block time" which is 10 seconds. This is interval between new blocks. We have 101 delegates which are taking care of the forging. Everyone of these are forging one block after another in a random order. That means after 101 blocks every delegate forged one block. This is one round, i.e. the "round time". You calculate it with 10 seconds * 101 delegates / 60 minutes = 16,833333333 minutes. (For an optimal round time) |
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Is there a bounty for Brazilian Portuguese translation?
Yes! We only listed the most popular languages, but we will accept any language. I told the other translators the following:- The bounty will be paid in LISK and will be paid once our mainnet goes live (in about 7-8 weeks). - The bounty will be a minimum equivalent of $25, but will probably be more. I can't give any exact numbers here right now, because it's still open how much we can collect in the ICO. - From time to time we will contact you and ask you if you want to update your translation. For every turn you will receive a further "bounty stake". Next week we will issue a blog post about different available bounties and how it's going to work. OK, then I'll do it! Great. I'm waiting for the link then. I already marked your language as "work-in-progress". |
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Is there a bounty for Brazilian Portuguese translation?
Yes! We only listed the most popular languages, but we will accept any language. I told the other translators the following:- The bounty will be paid in LISK and will be paid once our mainnet goes live (in about 7-8 weeks). - The bounty will be a minimum equivalent of $25, but will probably be more. I can't give any exact numbers here right now, because it's still open how much we can collect in the ICO. - From time to time we will contact you and ask you if you want to update your translation. For every turn you will receive a further "bounty stake". Next week we will issue a blog post about different available bounties and how it's going to work. |
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another ICO without escrow?
Hello AltcoinSteps, All ICO terms will be published soon. There will definitely be an escrow partner, we are still researching the options. Apart from that, we both are well known within the Crypti community and I'm well known within the Nxt community. You can read about us on our team page, we will also publish a blog post soon in which we introduce ourselves more formally. Thank you @lisk and definitely will watch this. for escrow choose reputable services for it willing to participate We will try our best. Thank you for your support. By the way, as long as this account belongs to the "Newbie" user group I can only post or send a PM every 6 minutes. So don't be surprised if I don't answer directly. I also can't post images right now, so the OP will be updated with images as soon as this is possible. |
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Great thank you! I added the link to the OP and we added you to our bounty list. |
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