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

[tuvok007]

ICO bag still holding.  Tralalala  

 

Me to,  ICO bag safely in my attick,just bought some more since than.

[spendawgs]

Hi there, im not doubting what your saying about the team having access to the funds when forging starts. But, i haven't read that anywhere.. maybe i missed it. Are you sure about this?

I still think this is just based on a misinterpretation that has been repeated so many times that it became a common mistake.

They could access ICO funds ever since they launched main net. This is supported by the fact that they did actually get out some money out of escrow a few months ago. They simply choose to leave the left of the money in because anything that they touch without being directly poured into a nonprofit foundation will be taxed harshly.

Hopefully that will happen soon, MME should take care of that. Either way I think at this point of time it's meaningless, so I didn't bother to ask at the last community meeting.

But neverless I still stand by my interpretation.

I think some of this confusion comes from this quote that has been misunderstood.

...
In terms of the ICO funds that means they have to flow directly into the company itself. I.e. we are not allowed to lay a finger on them for even one second. However, this is not a problem!
...


https://blog.lisk.io/lisk-community-meeting-summary-june-11th-50dcadd41fef#.lf413d603

I think Max just meant that they are not allowed to lay a finger on it or be taxed, not not lay a finger on it because of escrow terms.

From part II of ICO terms:

The Lisk team won’t have access to any funds at all, until the Lisk mainnet is launched successfully.

https://blog.lisk.io/lisk-ico-terms-part-ii-3b50ab74c9b6

From part III of ICO terms:

All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition.

https://blog.lisk.io/lisk-ico-terms-part-iii-604e55ad0102#.y0zu7djab

So the intent of escrow terms was clear.

There is also a fact that every time a genesis delegate signs a block it's log has a line like this:

Forged new block id: height: X round: X slot: X reward: 0

And that's pretty much counts as forging in my book. Forging means signing a block. Who does it and if it has a block reward is meaningless in this context.

Here's the original post regarding ICO terms and ICO escrow in the Lisk Blog

https://blog.lisk.io/lisk-ico-terms-25ca3ecd5a4d#.iu1377gvh

It goes as far as to say:
"All BTC will directly go into a 2-of-3 multi-signature Coinbase vault. That means the money can only be withdrawn if two of the three signees agree.
Therefore we have partnered up with two trusted and reputable individuals who will get one key to the multi-signature vault each.
Axel Hellinger alias iudica, German Lawyer at Kanzlei Hellinger
Paul Klanschek alias TwinWinNerD, CEO of Coinimal

Please be aware that both are independent escrow partners, Coinimal as a company is not involved in this partnership
All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition."

That's good enough for me to assume that access to $11 million USD ICO funds begins on forging tomorrow!

I agree. Thanks for your response

[Kushedout]

If anyone is willing to swap votes PM me.. 50K+ accounts only.

[moonfrog]

So, RISE as LISK clone also follows LISK price up-trend.

[Number 1]

I have 100k Lisk and can vote. Pm me your offer. Not a delegate myself.

[Golftech]

So, RISE as LISK clone also follows LISK price up-trend.

I also notice some great movement from polo so i wanted to check it up from the community is there any reason for this or there are just natural since baghilders are coming back and buying back after they earn maybe from zcash or waves just thinking but its a good day seeing lisk moving up again.

[Number 1]

So, RISE as LISK clone also follows LISK price up-trend.

I also notice some great movement from polo so i wanted to check it up from the community is there any reason for this or there are just natural since baghilders are coming back and buying back after they earn maybe from zcash or waves just thinking but its a good day seeing lisk moving up again.

Many reasons:
1. Access to 11 million USD ICO funds: Lisk ICO funds now are liquid- can at last be used to further project
2. Delegates withdrawing funds from Polo to vote selves into higher positions or exchange votes with other delegates (partnerships). Decreased current supply but increased trade volume therefore price increase
3. Last week of Lisk bonus in ARK ICO: ARK price also rising in concordance with Lisk rise

[dbstmddhks]

It is good to lisk the ico of ARK is success.

6m lisk is holding by devs and escrow.


Nice


from wan.

[Bitdonator]

So, RISE as LISK clone also follows LISK price up-trend.

I also notice some great movement from polo so i wanted to check it up from the community is there any reason for this or there are just natural since baghilders are coming back and buying back after they earn maybe from zcash or waves just thinking but its a good day seeing lisk moving up again.

Many reasons:
1. Access to 11 million USD ICO funds: Lisk ICO funds now are liquid- can at last be used to further project
2. Delegates withdrawing funds from Polo to vote selves into higher positions or exchange votes with other delegates (partnerships). Decreased current supply but increased trade volume therefore price increase
3. Last week of Lisk bonus in ARK ICO: ARK price also rising in concordance with Lisk rise

You forget to mention main reason of Lisk price rise:

4. In a few hours will start forging with 5 lisk reward per block.

[selflover]

Lisk community  grow up in twitter
9000  
https://twitter.com/LiskHQ

[Number 1]

So, RISE as LISK clone also follows LISK price up-trend.

I also notice some great movement from polo so i wanted to check it up from the community is there any reason for this or there are just natural since baghilders are coming back and buying back after they earn maybe from zcash or waves just thinking but its a good day seeing lisk moving up again.

Many reasons:
1. Access to 11 million USD ICO funds: Lisk ICO funds now are liquid- can at last be used to further project
2. Delegates withdrawing funds from Polo to vote selves into higher positions or exchange votes with other delegates (partnerships). Decreased current supply but increased trade volume therefore price increase
3. Last week of Lisk bonus in ARK ICO: ARK price also rising in concordance with Lisk rise

You forget to mention main reason of Lisk price rise:

4. In a few hours will start forging with 5 lisk reward per block.

Haha exactly.

[lamaras]

Lisk v0.5.0 - Mainnet Release Announcement

https://forum.lisk.io/viewtopic.php?f=46&t=1192

[Bigcabrito]

We have announced the plan for decentralizing the network by removing the genesis delegates.

Anyone who has a server running with the current version, please go to our Lisk Forums and post a link to your delegate proposal and a link to your delegate.

This forum posts explains how we will make the switch from genesis delegates to community delegates securing the Lisk network.

1. Releasing Lisk v0.5.0 internally (DONE)

Oliver will prepare the Lisk v0.5.0 binaries and Isabella will install them on the current 101 genesis delegates, seed nodes, login, and explorer nodes.

2. Releasing Lisk v0.5.0 to the public (DONE)

Once all genesis delegates are updated to the latest version and the network behaves normally, we will release Lisk v0.5.0 to the public so that node operators can update to the latest version.

3. Switching votes step-by-step

We will stay in contact with all community delegate candidates and confirm that their node is configured and synced. After we confirm the nodes are in good working order, we will remove a vote from a genesis delegate and vote for the respective community delegate. This will be done in batches of 3-5.

4. Repeat of step 3

Step 3 will be repeated until we have 101 community delegates in the top. After the community has control of the network, we will step back and let the community vote for each other to determine who shall become an active delegate.


Important: If your node is configured and synced please post your delegate name, a link to your delegate proposal and a link to your delegate on the blockchain explorer in this thread! We will vote for you as soon as possible.

Original Lisk Forum Post

[YoyodyneSystems]

Total spend to date approximately = $100k

Total available to spend after forging starts = $10M

100x increase in budget = 100x increase in market cap?

[bctacc32]

Hey,

there seems to be a problem with the network when trying to send LSK from the nano wallet:

Error
An error occured while sending the transaction.

What's this about?

[spendawgs]

Github - Mainchain = 100% woootwooooo Oliver!!!

[LiskHQ]

Hey,

there seems to be a problem with the network when trying to send LSK from the nano wallet:

Error
An error occured while sending the transaction.

What's this about?

Can you choose another node or check if your local time settings are correct?

[bctacc32]

Hey,

there seems to be a problem with the network when trying to send LSK from the nano wallet:

Error
An error occured while sending the transaction.

What's this about?

Can you choose another node or check if your local time settings are correct?

I tried with all 8 nodes and different amounts (up to 100), always the same error.
My local time is correct.

Another bitcointalk user is having the same problem right now.

[LiskHQ]

Hey,

there seems to be a problem with the network when trying to send LSK from the nano wallet:

Error
An error occured while sending the transaction.

What's this about?

Can you choose another node or check if your local time settings are correct?

I tried with all 8 nodes and different amounts (up to 100), always the same error.
My local time is correct.

Another bitcointalk user is having the same problem right now.

We will investigate once the network is completely stabilised with community delegates.

[zazarb]

Hey,

there seems to be a problem with the network when trying to send LSK from the nano wallet:

Error
An error occured while sending the transaction.

What's this about?

Can you choose another node or check if your local time settings are correct?

I tried with all 8 nodes and different amounts (up to 100), always the same error.
My local time is correct.

Another bitcointalk user is having the same problem right now.

yes I confirm, I have same error with all 8 nodes. Also read in Gthub about  similar issue .