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BitBanksy
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November 23, 2016, 05:20:55 PM |
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Announcing the Community Fund Great announcement! |
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jjmv
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November 23, 2016, 05:57:35 PM |
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Announcing the Community FundToday, we are introducing the Community Fund, which will act as a decentralized funding vehicle for new blockchain applications, third party tools and core contributions from our community. The goal of the Community Fund is to collect LSK to guarantee decentralized, long-term development of the Lisk ecosystem. Everyone can voluntarily donate LSK to the Community Fund, however we believe the majority of the donations will come from active delegates. As described in our development roadmap we plan to develop a decentralized voting and proposal mechanism during Eternity. This tool will be utilised for all Community Fund spendings in a decentralized, community-led way... Continue Reading Quick question from a big lisk supporter... Isn't this what the held funds are supposed to be used for? If not, would you please clarify the purpose of the held funds? |
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Poly#Crypto
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November 23, 2016, 06:02:19 PM |
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Announcing the Community FundToday, we are introducing the Community Fund, which will act as a decentralized funding vehicle for new blockchain applications, third party tools and core contributions from our community. The goal of the Community Fund is to collect LSK to guarantee decentralized, long-term development of the Lisk ecosystem. Everyone can voluntarily donate LSK to the Community Fund, however we believe the majority of the donations will come from active delegates. As described in our development roadmap we plan to develop a decentralized voting and proposal mechanism during Eternity. This tool will be utilised for all Community Fund spendings in a decentralized, community-led way... Continue Reading That's great.I have translated and published in the German part of Bitcointalk: https://bitcointalk.org/index.php?topic=1625542.msg16967500#msg16967500 |
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souljah1h
Legendary
 Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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November 23, 2016, 06:03:05 PM |
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Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... |
_@/'
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youmakemelaugh
Member
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Activity: 80
Merit: 10
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November 23, 2016, 06:14:19 PM |
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wtf? what fund? are you high? you cant handle even the money you already got ...  ?? |
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bitcampaign
Sr. Member
Offline
Activity: 1778
Merit: 268
Vave.com - Crypto Casino
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November 23, 2016, 06:17:04 PM |
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do not see how it would look great on the latest news I saw this thread does not have a lot of communities that really want to help Lisk has a future
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Bitsyo
Member
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Activity: 68
Merit: 10
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November 23, 2016, 06:19:52 PM |
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Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... Another big LISK holder and admirer, while this fund seems nice incentive it seems a little greedy from my end as well. Wouldn't it be better if community or active delegates would open such fund and not Max or Oliver? Will this fund be used for voting as well? No pun, but Max and Oliver have $10m+ for development (that should last for 5+ years and probably more if properly managed) + they have 8m of their own LISK + bounty fund that could be used as well (probably some other non-named accounts as well, and as such to much voting power as it currently is). Doesn't make any sense to me at least not currently, feels like brining even more power back to LISK team while they would need to focus on decentralizing (LISK in current state is to much centralized for my taste). Why not endorse and leave community for such things. I'll continue to support LISK, but some recent actions are a bit gray at least. |
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LiskHQ (OP)
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November 23, 2016, 06:20:59 PM |
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Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... The reaction is natural and I expected it. The LSK in the Community Fund are not for us. It's intended to be used by the community in a decentralised, proposal/voting-based way. A decentralised funding vehicle for the decentralised decision tool mentioned in our roadmap. It basically gives the community power to finance the apps/tools they really want or need. The best thing: It's voluntarily.  |
Lisk.io - Blockchain Application Platform
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someonesomeone
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November 23, 2016, 06:24:42 PM |
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So it is actually seed money for future apps? So this can be used of crowdfunding them for example? Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... The reaction is natural and I expected it. The LSK in the Community Fund are not for us. It's intended to be used by the community in a decentralised, proposal/voting-based way. A decentralised funding vehicle for the decentralised decision tool mentioned in our roadmap. It basically gives the community power to finance the apps/tools they really want or need. The best thing: It's voluntarily. |
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LiskHQ (OP)
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November 23, 2016, 06:25:38 PM |
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Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... Another big LISK holder and admirer, while this fund seems nice incentive it seems a little greedy from my end as well. Wouldn't it be better if community or active delegates would open such fund and not Max or Oliver? Will this fund be used for voting as well? No pun, but Max and Oliver have $10m+ for development (that should last for 5+ years and probably more if properly managed) + they have 8m of their own LISK + bounty fund that could be used as well (probably some other non-named accounts as well, and as such to much voting power as it currently is). Doesn't make any sense to me at least not currently, feels like brining even more power back to LISK team while they would need to focus on decentralizing (LISK in current state is to much centralized for my taste). Why not endorse and leave community for such things. I'll continue to support LISK, but some recent actions are a bit gray at least. Everyone is open to start their own fund. We had this idea with the decentralised voting/proposal app and will follow this path. As you can read in the blog post we are not allowed to initiate a transaction from the account, i.e. we won't vote from it. |
Lisk.io - Blockchain Application Platform
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LiskHQ (OP)
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November 23, 2016, 06:26:58 PM |
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So it is actually seed money for future apps? So this can be used of crowdfunding them for example? Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... The reaction is natural and I expected it. The LSK in the Community Fund are not for us. It's intended to be used by the community in a decentralised, proposal/voting-based way. A decentralised funding vehicle for the decentralised decision tool mentioned in our roadmap. It basically gives the community power to finance the apps/tools they really want or need. The best thing: It's voluntarily. It can be, yes. We don't decide on what it will be used for. |
Lisk.io - Blockchain Application Platform
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someonesomeone
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November 23, 2016, 06:35:11 PM |
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Why are the funds held until the end of 2018? Shouldn't it be until 2017? I presume that by then there should be many apps already functional and many more in need of money to get them up and running... So it is actually seed money for future apps? So this can be used of crowdfunding them for example? Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... The reaction is natural and I expected it. The LSK in the Community Fund are not for us. It's intended to be used by the community in a decentralised, proposal/voting-based way. A decentralised funding vehicle for the decentralised decision tool mentioned in our roadmap. It basically gives the community power to finance the apps/tools they really want or need. The best thing: It's voluntarily. It can be, yes. We don't decide on what it will be used for. |
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redsn0w
Legendary
Offline
Activity: 1778
Merit: 1042
#Free market
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November 23, 2016, 06:48:08 PM |
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Updated my lisk delegate proposal and added a 5% of the future forged funds to be sent to the lisk community funds , this is the proposal: - https://forum.lisk.io/viewtopic.php?f=6&t=185Remember also to take part to the community delegate contest, click here for more info... |
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Digital_Currency_LTD
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November 23, 2016, 07:14:03 PM |
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Announcing the Community FundToday, we are introducing the Community Fund, which will act as a decentralized funding vehicle for new blockchain applications, third party tools and core contributions from our community. The goal of the Community Fund is to collect LSK to guarantee decentralized, long-term development of the Lisk ecosystem. Everyone can voluntarily donate LSK to the Community Fund, however we believe the majority of the donations will come from active delegates. As described in our development roadmap we plan to develop a decentralized voting and proposal mechanism during Eternity. This tool will be utilised for all Community Fund spendings in a decentralized, community-led way... Continue Reading Quick question from a big lisk supporter... Isn't this what the held funds are supposed to be used for? If not, would you please clarify the purpose of the held funds? I will donate this community funds if I can forge. |
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Selsonblue
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November 23, 2016, 07:17:41 PM |
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Same question as jjmv. You guys already have $10000000+ why the need for extra funding? You say The goal of the Community Fund is to collect LSK to guarantee decentralised, long-term development of the Lisk ecosystem. Isn't $10000000+ enough for this? Feels a little greedy to me.... The reaction is natural and I expected it. The LSK in the Community Fund are not for us. It's intended to be used by the community in a decentralised, proposal/voting-based way. A decentralised funding vehicle for the decentralised decision tool mentioned in our roadmap. It basically gives the community power to finance the apps/tools they really want or need. The best thing: It's voluntarily. Something else you should mention here... NEARLY 100% of the delegate proposals out there right now have a % of their foraged Lisk earmarked for this community fund. Lisk team should definitely put a check in to ensure all delegates promising this shit actually deliver.... or you could quickly become the "donald trump" delegate -- promise everything and deliver nothing... Community development is huge for Lisk. Im still holding my stack strong. Keep it up guys. But yeah delegates should be held accountable for their promises. And they should lose their designation if its proven they are not truthful. |
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NorrisK
Legendary
Offline
Activity: 1946
Merit: 1007
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November 23, 2016, 07:18:42 PM |
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I like the community development fund idea!
They way I understand with the voting etc it is somewhat like a DAO? How will it be prevented that something like the DAO problems happen?
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punkrock
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November 23, 2016, 07:21:07 PM
Last edit: November 23, 2016, 07:41:14 PM by punkrock |
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 This guide shows you how to monitor the logfile of your Lisk node on forks. If your node forks, you'll get an email to your Android smartphone immediately and a permanent alarm sound + vibration appears every 15 seconds unless you open your Gmail app. With this setup, you'll never miss any downtime of your node. CLICK ME! |
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Digital_Currency_LTD
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November 23, 2016, 07:23:36 PM |
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This guide shows you how to monitor the logfile of your Lisk node on forks. If your node forks, you'll get an email to your Android smartphone immediatly and a permanent alarm sound + vibration appears every 15 seconds unless you open your Gmail app. With this setup, you'll never miss any downtime of your node. CLICK ME!Wow puncrock, this is very cool! |
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tuvok007
Legendary
Offline
Activity: 1358
Merit: 1001
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November 23, 2016, 08:09:11 PM |
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I"ll donate just something symbolic like 5 or 10 LSK,  |
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BitBanksy
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November 23, 2016, 08:14:06 PM |
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It's intended to be used by the community in a decentralised, proposal/voting-based way. A decentralised funding vehicle for the decentralised decision tool mentioned in our roadmap. It basically gives the community power to finance the apps/tools they really want or need. The best thing: It's voluntarily. A kind of decentralized autonomous organization for community projects. I like the idea and as a delegate, I will happily support this fund: https://forum.lisk.io/viewtopic.php?f=48&t=1137&p=8927#p8927 |
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