[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers

[MalReynolds]

Great, thank you! If I'm a delegate, the rewards can go really high. My main goal is to give back to the Lisk community.

The rewards will not go really high.  The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.  The more and more people who vote for you, the smaller and smaller their share of that 150K is going to be.  The more successful you are at getting supporters, the more unhappy your supporters will be.

Yo, that's Lisk, baby.

[cannabanana]

So how much money do users get from these delegates? If someone have 10,000 lisk how much is your share per month? If that is a good amount of $$ then very few people will sell.

Some people calculated that it will range from 10.000 to 250.000 a year so people will be scamming and scheming all over the place to get those spots.
Its a horrible Idea but none seems to care.

I care.  A lot.  I am trying my best to see that there are no sock puppets or scams in the mainnet by obtaining background information on testnet delegates.  I'm a snoopy, nosey guy that reads too many detective crime novels ( not to mention zerohedge.com )and so I have a natural suspicion about EVERYBODY.  Follow my efforts at the links below, and newer spreadsheets I will release for mainnet once Lisk is launched...

https://docs.google.com/spreadsheets/d/1bs7njoJwBTO31H2GJoWopNKKpAtggixsbZZiSIxQkRk/edit

Or maybe you're talking about the apparent high amounts of real money involved in being a delegate.   Hey, I have always advocated that Lisk be a zero-inflation, volunteer delegate coin.  But if there's money on the table, then I am going after my fair share.  That's why I am a testnet delegate to prove I can do the job, and why I hope to be a Active Delegate on mainnet.  Please vote for me!

Max wanted to motivate people to set up nodes to solve a non-participation problem at Crypti.  Well, the reward motivation structure he set up has solved that Crypti problem.  We've got  got over 1300+ Standby Delegates  trying to get a top 101 Active Delegate spot - and that's just on TESTNET.   I really wonder just how many of those 1300+ realize they've got to download and setup specialized delegate software on a VPS server with their own http://aaa.bbb.ccc.ddd address - and how many have actually done so?

When Max set up Lisk, he decided 4M Lisk was fair compensation for the two main Lisk devs.  He also decided that 150K Lisk or 3.75% of the Dev reward was also fair compensation to an individual for their work to secure the Lisk blockchain for its first year.   Just because the absolute numbers are apparently going to get very large doesn't mean that things are not going according to plan or have become a horrible idea.  It means that the intended motivation just gets that much stronger for 101 people to do a VERY good job in securing a coin blockchain worth hundreds of millions of dollars - the PRIME JOB of an Active Delegate.

why don't you just PM the people and ask them straight up?

why would he do that?  It's not him that has to show that everyone else is motivated.  It's up to YOU if you want to become a delegate to become proactive.  It's not Mals job to seek you out and see if you are ready for the challenge.

If anyone wanted a delegate spot all they had to do was hang out in the chat room every day and I guarantee you would have had a 101 delegate spot because you have been promoting and gaining support the whole time.  

If you are complaining now then you are in the wrong.  EVERYONE had a chance to do this and it's nobody elses fault but your own if you do not get selected as a delegate. The first 2 weeks after the ICO there were literally less than 50 nodes up so ANYONE had a chance if they were interested in lisk enough.

just my 2 sat.

"by obtaining background information"

so ask and if it doesn't match up with the "background information" it's an indication that they may have something to hide.

i try hard not to see myself as merely a Lisk bag holder.

i worked on a node for two weeks using Phoenix1969's notes, Joel's Academy guide, Mal's 'cheat sheet', and i'm now preparing to try Phoenix's latest YouTube video. wish me luck ;-)

mal is doing a good job.  Better than I could do lol.  And remember, It's all VOLUNTEER work from him

I think it would just end up being to hard trying to get real info from people on PM's. still no way to verify unless they send in ID's or something.


I don't think you will have to worry.  I'm sure you will make it as a delegate!

Over the past month, I'm not just sitting here twiddling my thumbs.  I'm keeping track of who I am going to vote for.

[crilleaz]

Great, thank you! If I'm a delegate, the rewards can go really high. My main goal is to give back to the Lisk community.

The rewards will not go really high.  The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.  The more and more people who vote for you, the smaller and smaller their share of that 150K is going to be.  The more successful you are at getting supporters, the more unhappy your supporters will be.

Yo, that's Lisk, baby.

I mean the faucet rewards. Every little bit helps. The faucet won't only be available for voters. I know you're not a big supporter of projects who run for active delegate, but I think it is good to remember those funds can get used for great initiatives.

[LiskHQ]

Is there a simple, (ELI5-esque) explaination of the differences between Crypti and Lisk.  I know the brief history of the two.  Specifically, what I want to know is when the original Crypti project was forked, what improvements and changes were made to make Lisk a different coin?

I can prepare one if you want. I would release it shortly before launch.

[bitbitch]

Great, thank you! If I'm a delegate, the rewards can go really high. My main goal is to give back to the Lisk community.

The rewards will not go really high.  The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.  The more and more people who vote for you, the smaller and smaller their share of that 150K is going to be.  The more successful you are at getting supporters, the more unhappy your supporters will be.

Yo, that's Lisk, baby.

150k max? didn't you say only two or three weeks ago that the reward could be up to seven figures annually?

[instacalm]

Is there a simple, (ELI5-esque) explaination of the differences between Crypti and Lisk.  I know the brief history of the two.  Specifically, what I want to know is when the original Crypti project was forked, what improvements and changes were made to make Lisk a different coin?

I can prepare one if you want. I would release it shortly before launch.

Please prepare it, it's important! I'm interested in this as well.

[cannabanana]

Great, thank you! If I'm a delegate, the rewards can go really high. My main goal is to give back to the Lisk community.

The rewards will not go really high.  The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.  The more and more people who vote for you, the smaller and smaller their share of that 150K is going to be.  The more successful you are at getting supporters, the more unhappy your supporters will be.

Yo, that's Lisk, baby.

150k max? didn't you say only two or three weeks ago that the reward could be up to seven figures annually?

lol yeah, at $10 a coin in the future    

each delegate will theoretically earn 150k lisk in a year.  What the value will be can be anyones guess.

Everyone in the 101 earns the same amount of lisk per year as long as the node is up 100% of the time.

If you are doing a Profit sharing Delegate where those who vote for you get a share of the lisk, that would mean that they are getting less and less as more and more start to vote for that delegate.

[MalReynolds]

The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.

150k max? didn't you say only two or three weeks ago that the reward could be up to seven figures annually?

I was referring to seven figures in dollars, depending on how many dollars one Lisk is worth.  The annual forging reward for a delegate is fixed at 150K for year one.  If Lisk becomes worth $7 per Lisk, then a delegate reward for year one will be Dr. Evil's One Million Dollars.  And a little change to buy a nice car.

After paying for all those server expenses, of course.

[cannabanana]

The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.

150k max? didn't you say only two or three weeks ago that the reward could be up to seven figures annually?

I was referring to seven figures in dollars, depending on how many dollars one Lisk is worth.  The annual forging reward for a delegate is fixed at 150K for year one.  If Lisk becomes worth $7 per Lisk, then a delegate reward for year one will be Dr. Evil's One Million Dollars.  And a little change to buy a nice car.

After paying for all those server expenses, of course.

[MalReynolds]

...I think it is good to remember those funds can get used for great initiatives.

True true true.

[cannabanana]

congratz guys, we just beat the post/page count of Crypti!

[aDAPPter]

Great, thank you! If I'm a delegate, the rewards can go really high. My main goal is to give back to the Lisk community.

The rewards will not go really high.  The rewards will be fixed at 150K Lisk in year one for your delegate no matter how many votes you get.  The more and more people who vote for you, the smaller and smaller their share of that 150K is going to be.  The more successful you are at getting supporters, the more unhappy your supporters will be.

Yo, that's Lisk, baby.

150k max? didn't you say only two or three weeks ago that the reward could be up to seven figures annually?

lol yeah, at $10 a coin in the future    

each delegate will theoretically earn 150k lisk in a year.  What the value will be can be anyones guess.

Everyone in the 101 earns the same amount of lisk per year as long as the node is up 100% of the time.

If you are doing a Profit sharing Delegate where those who vote for you get a share of the lisk, that would mean that they are getting less and less as more and more start to vote for that delegate.

At $10 a coin, each delegate will actually earn $1.5 million / year (150K x $10)

I don't mind this one bit, because less people will be selling.

[ZenFr]

At $10 a coin, each delegate will actually earn $1.5 million / year (150K x $10)

I don't mind this one bit, because less people will be selling.

It is a problem : the dev team should change this.

[bittraffic]

anyone invested to Waves as well?

[Splatters]

anyone invested to Waves as well?

ask into the waves thread

[aDAPPter]

At $10 a coin, each delegate will actually earn $1.5 million / year (150K x $10)

I don't mind this one bit, because less people will be selling.

It is a problem : the dev team should change this.

I don't see it as a problem.

At $10 a coin, Lisk MarketCap will be at $1 Billion, thus it's worth paying delegates $1.5million/year to protect the network.

[BlockChainr]

anyone invested to Waves as well?

ask into the waves thread

Waves is DEAD.

Donations to Waves ICO have almost stopped completely after the initial whale who invested on day 1 to create buzz for their ICO.

Waves ICO address: https://blockchain.info/address/3DWBSSAue32YS8PcW2gLs6m52BCCv3UgDA#

[sluppy]

At $10 a coin, each delegate will actually earn $1.5 million / year (150K x $10)

I don't mind this one bit, because less people will be selling.

It is a problem : the dev team should change this.

Yes but they wont, people have been saying its a serious issue since day one but u just get ignored and spammed over with posts that lisk will start at 2 usd no 4 no 6 no 20 ..
They should at least increase the delegate count to 1010 that leaves plenty of meat on the bone for expenses and stuff.
I don't see what the value add is over regular POS where everyone stakes what they own.

@mal so far your the only serious delegate id vote for and maybe the banana  guy cuz hes a joker not because I have much faith in his node handling skillz.

[sluppy]

At $10 a coin, each delegate will actually earn $1.5 million / year (150K x $10)

I don't mind this one bit, because less people will be selling.

It is a problem : the dev team should change this.

I don't see it as a problem.

At $10 a coin, Lisk MarketCap will be at $1 Billion, thus it's worth paying delegates $1.5million/year to protect the network.

Its worth it ?
you think that's worth it ..  you my friend are blinded by your GREED , I bet your running for delegate as well And wouldn't have a clue how to setup anything if mal or some other benevolent skilled person didn't  write you a walkthrough that your typing over letter by letter with one finger per hand.

[rlh]

Is there a simple, (ELI5-esque) explaination of the differences between Crypti and Lisk.  I know the brief history of the two.  Specifically, what I want to know is when the original Crypti project was forked, what improvements and changes were made to make Lisk a different coin?

I can prepare one if you want. I would release it shortly before launch.

Please prepare it, it's important! I'm interested in this as well.

Yes, I'd appreciate that.  Those of us who never paid attention to Crypti could use a good cheatsheet explaining why the two projects are similar but having the Lisk fork was a good idea.