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

[cannabanana]

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.

that's assuming that it becomes $10.  At a realistic ICO price of you know Fucking 7 cents, it's barley enough to cover what some of us pay in server fees.

[p75formula]

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#

I don't know if I'd call it dead. They are over 5000 BTC which is not bad.

What bugged me early on was it seemed too opportunistic timing wise. Then, the obvious manipulation of having early investors lined up to create hype. Plus, you have to wonder if those really were early investors and not the devs themselves trying to create the hype. Anyway, I stayed away and although, I'm here doing it, I don't want to derail the lisk thread talking about WAVES again.

[NorrisK]

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.

that's assuming that it becomes $10.  At a realistic ICO price of you know Fucking 7 cents, it's barley enough to cover what some of us pay in server fees.

Bullshit. at 7 cents you stilll 10k a year, which more than enough for server fees.

[Splatters]

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.

101 delegate for now is something written in the code, and can't be changed so fast, but as you know even max agree and want make a bigger delegate list up to 1000, but it's something that will come later, not at launch!

[Mrmoney2]

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.

that's assuming that it becomes $10.  At a realistic ICO price of you know Fucking 7 cents, it's barley enough to cover what some of us pay in server fees.

Bullshit. at 7 cents you stilll 10k a year, which more than enough for server fees.

At the end of the day only delegates that shares profits will be the actives ones
I hope...

[cannabanana]

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.

that's assuming that it becomes $10.  At a realistic ICO price of you know Fucking 7 cents, it's barley enough to cover what some of us pay in server fees.

Bullshit. at 7 cents you stilll 10k a year, which more than enough for server fees.

lol true but so is calculating the value at $10 per lisk

Oh and some people are discussing purchasing $500+ month servers for lisk nodes.

[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.

that's assuming that it becomes $10.  At a realistic ICO price of you know Fucking 7 cents, it's barley enough to cover what some of us pay in server fees.

Bullshit. at 7 cents you stilll 10k a year, which more than enough for server fees.

lol true but so is calculating the value at $10 per lisk

Oh and some people are discussing purchasing $500+ month servers for lisk nodes.

Can you link to the server package your referring to ? if not ill have to call BULLSHIT on that.

[highflyerbtc]

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.

so $10 $1.5million a year and 101 delegates  so $151.5million a year at $1 that is $15.1million 0.10cents $1.51million for total delegates.

scary numbers but am not worried if people like lisk. lots of interest i just hope i get dumped in lower once i sell high i want more lisk

[cannabanana]

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.

that's assuming that it becomes $10.  At a realistic ICO price of you know Fucking 7 cents, it's barley enough to cover what some of us pay in server fees.

Bullshit. at 7 cents you stilll 10k a year, which more than enough for server fees.

lol true but so is calculating the value at $10 per lisk

Oh and some people are discussing purchasing $500+ month servers for lisk nodes.

Can you link to the server package your referring to ? if not ill have to call BULLSHIT on that.

I know you can argue forever on this kind of shit so let's stop now.  It might not be the best deal but it's none the less true.

[crilleaz]

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.

that's assuming that it becomes $10.  At a realistic ICO price of you know Fucking 7 cents, it's barley enough to cover what some of us pay in server fees.

Bullshit. at 7 cents you stilll 10k a year, which more than enough for server fees.

At the end of the day only delegates that shares profits will be the actives ones
I hope...

They will play a big part indeed   http://forum.lisk.io/viewtopic.php?f=6&t=415

[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.

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.

The comparison will only show the difference between the last Crypti version and the latest (launch) Lisk version.

Why it was a good idea to fork:

- A "new" team with a huge motivation.
- Fundings which are sufficient for years.
- A bigger community than Crypti ever had.
- A project with clear leadership, which is utterly important.
- A more rapid development cycle.

That's just the beginning. But I don't want to go too deep into that. I will prepare a feature comparison for launch, so people see the value we are building with Lisk.

[Starfleet.Intelligence]

Maybe one delegate could send a percentage (50%?) of it's LISK to a LISK faucet? I would vote for such a delegate.

I will volunteer for that!

This is a good idea to start with and to share revenue as promised from my delegate: https://forum.lisk.io/viewtopic.php?f=6&t=223

This will be my first action and also first use-case. Mark my words! I am always happy to get voted in MainNET, but please dont see this post opportunity as a sneaky way to advertise. Primary objective is to do action, to deliver and to help the project.

Cheers!

[Patriarch]

My name is Crilleaz and I am the owner of LiskFaucets.com. https://forum.lisk.io/viewtopic.php?f=25&t=414

I am here to become a delegate. My server is run via Vultr (WON'T use the $5 server when mainnet launches) to ensure the best possible uptime and quality and I am already optimizing the security. SSH keys, firewall and Fail2Ban to start with. I will do everything to ensure a safe environment for Lisk and will work with experts on this field, like wannabe (http://forum.lisk.io/viewtopic.php?f=6&t=403).

What will I do with the funds I receive?
50% will go towards my faucets. It will be my way to give back to the community. Furthermore, 10% will be used for Lisk marketing on this forum. These funds will make it possible to give out higher rewards towards early supporters of Lisk.

Please vote for me now - on the testnet, and when the mainnet launches.

My delegate name is LiskFaucets. My address is 12596390308945516244L. Current rank: 1317.

 i think i found were my vote is going

[MalReynolds]

I think it is good that the delegate reward and motivation is getting a good public discussion.  I am biased because I want to be a delegate.   Because of that bias, I will never say anything negative about those who want to set up nodes that would share their reward with others somehow.  Good luck to you.  

As for more delegates - 1001 instead of 101, to spread the wealth around - that ain't gonna happen.   Lisk has a 10 second blocktime.  There is a limit to how many delegates you can coordinate worldwide in 10 seconds, and that number is around 101.

Here is the key point that needs to be at the center of all delegate reward discussions:

TANSTAAFL = There ain't no such thing as a free lunch.  
TANSTAFFL = The computers that run Lisk have got to be paid for somehow.

If Lisk were a start-up business there would be this huge 500 page IT plan about how many computers to get, and what kind of bandwidth, and what kind of support services to buy, and growth projections, and parts lists, and on and on and on.  And oh, yeah, a budget.

Lisk is not a startup business and there is no master IT plan and no budget.  We are making this up as we go along and we are less than 90 days in.

Initial indications are Lisk is gong to be a BIG DEAL with LOTS OF GROWTH and LOTS OF TRAFFIC.  That means some big-ass computer power in the back room.  That's gonna cost big money.  Big money in year one, and probably bigger money in year five when the rewards are only 20% of what they are in year one.  How much money will be needed to run all these servers and support systems like DDoS firewalls?  Nobody knows.

When you are talking about "delegate rewards", you are talking about "how to pay for the Lisk computers".

Max had to make a wild-ass guess on how much resources / Lisk / money to pay for the Lisk computer / delegates.  He came up with the "150K Lisk rewards per delegate in year one, tapering down to 30K Lisk in years five and beyond" plan.  Will this plan throw too much or too little resources / Lisk / money at the required computers and the people / delegates that run them?  Probably.  Is this a problem?  That depends.  

Community, err on the side of paying delegates too much over too little.  Paying delegates "too much" means the community may grumble, profit-sharing delegates are voted in, and Lisk continues.  Paying delegates "too little" means the delegates quit, the computers stop, and Lisk dies.

[reRaise]

The real project with potential here is Waves.

[cannabanana]

The real project with potential here is Waves.

potential...For me to POOP on!

[MalReynolds]

Sigh.

[cannabanana]

Sigh.

don't worry dude, those guys understand.  They missed the ICO.

[blackfan73]

The real project with potential here is Waves.

This is about LISK,not waves.

[RATM69]

Is there a list of delegates that will be profit sharing? to get votes