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

[ttookk]

I don't understand why people complain about the 8% core team ICO, it's way less than most offers (with the exception of IOTA) and even if they raise $1 million or more, it's at current value only $80.000, which is not much for talented coders time for a few months.

Some people are arguing non-sense stating things such as why they should get the 8%. (Ignore these people)

Others are trying to clarify what will be done with those funds. (These have some reasoning)

Now, it all comes down to detailing fund management. The Lisk team has mentioned several times they have not begun detailing the business plan and fund management, right now they have other things in mind.

Once the business plan document begins drafting, I expect they will include detailed information on the 8% core team funds and the usage of ICO funding.

This is where people should understand that no matter what they decide, be it releasing them immediately after launch, or release them by setting milestones (e.g. android client ready), or releasing them after some time (e.g. 10% of the total fund every quarter for two years), you will have to respect their decision and live with it. It is up to them to decide, and they will discuss it between themselves.

Ethereum current value is the result of the combined efforts of a huge team. Anyone who thinks the 2 Lisk Devs can achieve the same results alone without hiring future staff is utterly naive.

The Lisk ICO clearly state:

• 8,000,000 LISK for the Lisk core team.

The fact that they plan to split those 8m Lisks 50/50 between themselves clearly shows that Lisk Devs have no intention to hire any future staff, otherwise they would have set most of the Core team share aside or under contract to cover future payroll.

Dude, that's what the ICO money is for, to hire external personell. There is a reason why they are talking about a CORE team.

[1714882954]

1714882954

[1714882954]

1714882954

[1714882954]

1714882954

[1714882954]

1714882954

[1714882954]

1714882954

[Laymobl]

Woww, this is a really nice project !! Please add me to the bounty list for the signature. Ive bought some Lisk, do i necessary need to generate a passphrase or we will be able to get our coins directly on the website protected by 2-FA ?!

You'll need to generate the passphrase if I understand correctly what's written in the FAQ

Here's the link: https://lisk.zendesk.com/hc/en-us/articles/207076399-I-participated-in-the-bounty-campaign-how-do-I-receive-my-LISK-

[Bigcabrito]

Ethereum current value is the result of the combined efforts of the huge team that gets paid from Ethereum ICO. Anyone who thinks the 2 Lisk Devs can achieve the same results alone without hiring future staff is utterly naive.

The Lisk ICO clearly state:

• 8,000,000 LISK for the Lisk core team.

The fact that they plan to split those 8m Lisks 50/50 between themselves clearly shows that Lisk Devs have no intention to hire any future staff, otherwise they would have set most of the Core team share aside or under contract to cover future payroll.

The Lisk team has every intention on hiring future staff, and that's exactly what they will do. They will use the collected ICO funds to hire highly talented and motivated individuals to work aspects of the projects, such as but not limited to:

• Lisk core future development
• Legal compliance
• Business development, public relation, public outreach, marketing, advertising

I plan to buy in during the initial dump after launch.

This ICO is over-invested.

This is not the same as ethereum, where you had a well-funded team of people supported by banks, and lead by a guy who got a standing ovation at a major conference when he announced ethereum.

The value of Lisk is determined by its investor. Over-invested? Personally, I don't believe it is. Time will tell. At this pace, Lisk will have a market cap of approx. $1-3 Million, this would place it in the top 50 in coin market cap with ample room to increase. They already have two highly motivated in Max and Oliver, now it's a matter of moving forward with smart and fast decisions (and finding like-minded individuals).

[MalReynolds]

At this pace, Lisk will have a market cap of approx. $1-3 Million, this would place it in the top 50 in coin market cap with ample room to increase.

MILESTONE REACHED:

LISK ICO NOW AT HALFWAY POINT

LISK CASH DEVELOPMENT FUND HITS $1,000,000

LISK MARKET CAP HITS $1.6M, WOULD BE 35TH MOST VALUABLE COIN AT COINMARKETCAP.COM



FINANCIAL PARAMETERS:

How Many Lisk You Will Receive For One Bitcoin (BTC)

https://docs.google.com/spreadsheets/d/1iOEdaRnBmSAO5miW7xYheeYUgo5wL9l9BONw6x21nQg/edit?usp=sharing

How Many Lisk You Will Receive For One Crypti (XCR)

https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit?usp=sharing

The Satoshi / USD Price For One Lisk  

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharing



CHECK OUT THE LISK INTRO VIDEO:

https://www.youtube.com/watch?v=Rk_0TjP1gjY

[kidyubyub]

I don't understand why people complain about the 8% core team ICO, it's way less than most offers (with the exception of IOTA) and even if they raise $1 million or more, it's at current value only $80.000, which is not much for talented coders time for a few months.

Some people are arguing non-sense stating things such as why they should get the 8%. (Ignore these people)

Others are trying to clarify what will be done with those funds. (These have some reasoning)

Now, it all comes down to detailing fund management. The Lisk team has mentioned several times they have not begun detailing the business plan and fund management, right now they have other things in mind.

Once the business plan document begins drafting, I expect they will include detailed information on the 8% core team funds and the usage of ICO funding.

This is where people should understand that no matter what they decide, be it releasing them immediately after launch, or release them by setting milestones (e.g. android client ready), or releasing them after some time (e.g. 10% of the total fund every quarter for two years), you will have to respect their decision and live with it. It is up to them to decide, and they will discuss it between themselves.

Ethereum current value is the result of the combined efforts of the huge team that gets paid from Ethereum ICO. Anyone who thinks the 2 Lisk Devs can achieve the same results alone without hiring future staff is utterly naive.

The Lisk ICO clearly state:

• 8,000,000 LISK for the Lisk core team.

The fact that they plan to split those 8m Lisks 50/50 between themselves clearly shows that Lisk Devs have no intention to hire any future staff, otherwise they would have set most of the Core team share aside or under contract to cover future payroll.

So tiring. So very tiring.

[GinnaGinna]

Just for all those who complain about
8% of Lisk supply owned by devs.

Look at ETH, and 12% in devs pockets.
... and ethereum is in top 5 coins.

There is a very clever minds
behind both projects. Something must
to back for all this hard work.  

[fuze0000]

Millions of programmers understand JavaScript!! LISK is will be user friendly.  User friendly interfaces usually wins in the end.  If the masses don't understand they don't tend to invest.  The more individuals that can grasp LISK without struggling the more trust that LISK can gain.  Which will lead to a higher value per individual LISK.

[poornamelessme]

My thoughts exactly.

I'll wait and buy during the inevitable dump that always happens after launch.

Lot of early investors that are pumping here are waiting for launch to cash out their bonuses on day 1.

I considered doing the same. But there is no guarantee that the dump ends up being below ICO prices.
Or below XCR prices (if you got XCR cheap enough on the exchanges). For a lot of us, the exchange rate can go below ICO levels and we are still in profit (however meager it may be), so that's an alternative to waiting and buying later. Admittedly it's probably not so easy to do now ... XCR prices have crept up.

[Calabi–Yau Manifold]

I plan to buy in during the initial dump after launch.

This ICO is over-invested.

This is not the same as ethereum, where you had a well-funded team of people supported by banks, and lead by a guy who got a standing ovation at a major conference when he announced ethereum.

My thoughts exactly.

I'll wait and buy during the inevitable dump that always happens after launch.

Lot of early investors that are pumping here are waiting for launch to cash out their bonuses on day 1.

Cash out before bubble is bad idea. Smart poeple holding coins and selling with great profit.
Those who selling asap are retards who usually are buying back at the top of bubble with butthurt "why did I sell so early?!".

Buying Lisk ico is smart money phase. People will hold. After Eth bubble poloniex will need another great coin to pump.
It should be new coin - eth competitor is best idea. You cannot pump xmr and dash over and over.

Lisk has chance to be this coin. This is HODL coin, not sell asap imo.

[hashpuppy]

what is the difference between Lisk forging and Eth mining?

[Bigcabrito]

what is the difference between Lisk forging and Eth mining?

Lisk uses DPoS (Delegate Proof of Stake) while Ethereum uses PoW (Proof of Work)

Only 101 nodes may forge in Lisk (active delegates). They are the ones securing the network while processing transactions and making sure it runs smooth.

Forging in Lisk also distributes the block rewards to every active delegate.

[blg42598]

Can we start developing DAPPs already? Is everything available?

[Pitchblackroom]

Can we start developing DAPPs already? Is everything available?

There is a testnet which allows you to play with a webclient for LISK right now. However I am not sure if DAPPs are developable yet

[Beijideluotuo]

Wow, the ICO speed like a rocket.

[atchoum6760]

in the wallet why my rank for mining  come down ? I was in rank 205 and now 236 

[chrysophylax]

interesting ...

keeping an eye on this one ...

#crysx

[restless]

So, no mining and 101 nodes get rewards... whats in LISK for small fish?

[bittick]

If I want to set up a node now for example.
will I get rewards already?

[Bigcabrito]

So, no mining and 101 nodes get rewards... whats in LISK for small fish?

You can set up a Delegate and be one of the 101 Active Delegates. You just need votes to get you up there. So campaigning through the forums and the rocket.chat helps you get votes.

Not only that, Lisk is Decentralized Application Platform, you can build Dapps and monetize how you desire.

If I want to set up a node now for example.
will I get rewards already?

Nope, it's on a testnet so no rewards right now.

If you decide to be a delegate when the real network comes out, you will need to register your node and then you need to accrue votes so that you join the 101 Active Delegates.

In summary, the highest voted 101 Delegates will become the Active Delegates.

If you're not in the 101 Active Delegates, you will be a Standby Delegate. If you get more votes throughout time, you have a chance to join the 101 Active Delegates.

Quick Example:

Active Delegate (Tony) #101 has 35.30% of votes

Standby Delegate (Steve) #102 has 34.30% of votes (In order to get into the 101 Active Delegate, Steve will need an additional 1% of voting to take over Tony)

[dzarmush]

Coinbase - 2nd Proof of Funds

You're going to need to find the burn button in that app somewhere and press it.

Looks like some people in this thread have found such button for their brain and pressed it