After 2 years of development and millions taken from their ICO, this is the best they can come up with? What happened to their child chain or is it side chain implementation for dapps? That was the selling point of their project wasn't it?
I also have not seen any known projects that used Lisk as their platform for smart contracts and dapps. Why is this?
At least Ethereum has the Cryptokitties hehehe.
I really think some people are too impatient. I know crypto is a really fast moving/fast-paced market. But that does not supply to Crypto Startups. I mean how could it. Those things usually take years of development, look at Ethereum, Neo.. I even think that's pretty fast to be honest.
Yeah, the side chains should be the child chains. And I guess there a no projects that build on Lisk because it's not possible yet. But this is going to change soon, basically that's the point of this whole thing. I hope they'll announce when exactly at the event :d
Also Lisk has actually nothing to do with smart contracts (as for now). But they do have the side chains which could allow 'similar' stuff or rather allows to implement stuff like that. You could even use the Ethereum blockchain for implementing smart contracts and run it on top of your Lisk applications if you wanted to as far as I know. That's the huge advantage of side chains.
So if there were Cryptodogs or whatever built on Lisk using a side chain it would not affect Lisk at all.
I reckon the Lisk development team, like some of the developments teams in the past, have overpromised but underdelivered. Also, wasn't Lisk's founder also involved in Crypti? Remember that? That was another project that overpromised but did not live up to the promise after burning through their budget.
Yeah, probably. When Crypti wasn't continued anymore, Lisk was forked and Oliver and Max began to step in Crypti's footsteps with Lisk.
I think a huge problem for Crypti that time was the absence of funds to development for years.
What makes you say that Lisk's
bigger funding would be a path to success? What if they bankrupt themselves and still no projects have started to use Lisk as their main platform?
Remember that regulators are coming after the ICOs and that would cause a use case shortage for platforms like Lisk.
It's not. It's just way more comfortable to have enough funds to pay employees for the next years, even without any potential income.
If they bankrupt themselves Lisk will not be successful, obviously. I just don't think that will happen since they really behave reasonably with their funds.
I even think it's a good thing that ICOs will be or rather might be regulated one day. Regulation is in my opinion a real chance for everyone to get into crypto. There would be some drawbacks first but in the long run it's the right move. Also you don't only need those kind of platforms for ICOs.
'Real developers' could just build real applications with a use case on Lisk, as an example. Businesses could build on Lisk. I don't really see why it should only benefit from ICOs.
How many years more does the Lisk's development team have before their funding runs out, and what's their longterm plan after that?
Also, that's the problem with the statement,
Businesses could build on Lisk. Is there really a need to?
I reckon using a software bundle like LAMP for a startup is better because it is free, proven, and tested. Using something untested like Lisk would force startups to pay for tokens just to use the platform, which is inefficient.
I think with those funds it is basically very difficult to ever run out of money. Still I am pretty sure they pursue a greater goal to make money sometime. But tbh I'm not really familiar with their business model. But you'll find more infos here:
https://www.reddit.com/r/Lisk/comments/5wjgb2/does_lisk_have_a_business_plan/Most businesses probably have not even paid attention to the blockchain technology yet. I think this is about to change. Obviously I can't know that, it's only speculation. So is 95% of crypto at the moment. We just don't really know if all those coins and tokens will be used. Pure speculation. I personally just think that Lisk is a good choice (for the future) because of its possible mainstream adoption with JavaScript. So will businesses build on Lisk? I don't know. It's what I anticipate and hope.
And I'm talking about many years in the future. Lisk and all those other coins/tokens will evolve and develop further. Maybe then (more) people and businesses will decide to use those for whatever reasons. I think not even this is clear these days. But this probably applies to all cryptocurrencies. While LAMP is probably a good choice now, Lisk or some other blockchain platform might be in the future.
