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

[X1235]

It's 2017 and the Applications screen is the same ugly shit. What the fuck is wrong with this project?!

[Vega]

It's 2017 and the Applications screen is the same ugly shit. What the fuck is wrong with this project?!

This project got a six months delay when it became evident that the Crypti code won't scale up without a large amount of work. So instead of developing the SDK and other stuff needed for apps they spent that time stabilising the core (along with other improvements, if you look at github there were a lot of commits).

So if you want to see apps, you should check back in 4-6 months from now, you'll probably see the beginnings for the ecosystem.

[damnMscollec]

It seems the supply of lisk increases so fastly, the inflation rate is too high... Lisk will be destroyed by dpos scheme.

[Neuromancer1911]

Mal is still holding ETC as he told at lisk chat.  He thinks ETC = 10$ so he holding.  I m curious if he will become bagholder or will take small profit set to what he could take at 0.006+, looks like ETC pump loosing hype...

I cashed out all my Lisk (except for mal_dapp_fund) 72 hours ago for 286 BTC (which I bought at ICO for 135 BTC four months ago).  If I had done nothing, I would be holding Lisk worth 316 BTC today.  Instead, I am now hodling ETC worth 390 BTC.  What would you do?

I made 151 BTC profit in Lisk.  That took me 4 months because I was hodling Lisk since I truly believe in its tech.  Now I've made 74 BTC (unrealized) profit (so far) with ETC in just three days.

Anything could still happen.  I have a stop loss in place to bail me out with enough BTC to buy back into Lisk at my original holdings.  It would currently take a 20% drop in ETC to hit that stop.  But the initial storm is dying down, and ETC / ETH is starting to look more and more like a normal market.  Every day ETC survives now, it becomes more and more legitimate.   The more legitimate ETC becomes, the more likely its price will at least drift upward to match the price of ETH.  Which is $10.    

What would you do?

I updated my Lisk testnet node to 0.3.2 last night, that's what I did.

Hello!
Some investors have lost 90% of the deposit.
Explain to them how you are useful for the project.
I do not understand Max.

[Vega]

It seems the supply of lisk increases so fastly, the inflation rate is too high... Lisk will be destroyed by dpos scheme.

Sure. huge inflation. No coin were ever successful with such inflaton.

[Poly#Crypto]

 
This looks great:


Battle Chain - the first gaming platform for Lisk



Promotional website: http://battlechain.com/
Lisk Forum topic: https://forum.lisk.io/viewtopic.php?f=8&t=1168
Twitter: https://twitter.com/_lou_z

RT: https://twitter.com/Polycrypto/status/816328403380998144

[taipei]

Good job, the machine starts to work. 

[johhnyUA]

Max must remove votes from delegates

This just shows how little you know or care about the real delegate situation. Without max (and oliver) votes there would be less contributing community members would be forging and it would be fat wallet delegates replacing most of them.

Mr.Vega, it's real world. Rich people become richer, BECAUSE they've bought more than you or delegates. It's real capitalism. Do you want more money from forging? Just buy more LISK 
But, if Max and Oliver woting for their cocks*ckers, rich people ask themselves: "Why do we must buy more LISK and holding them, if developer's cocks*kers take all of our profit?"

Only pools must be in delegates.

You are making a good argument... or you know just ignoring everything we are saying.

However, here is the thing. I don't need to convince you. I just need to beat you. While you complain and make weak attempts to push your agenda I spent the last 8 months immersed in the lisk community. I ran nodes, created tools, made connections, talked to the community about various subjects, and the most important for this discussion, I spend an enarmous amount of time strategising and politicking, setting up the stage so I can forge, and I'll continue to do so.

You may get your way, I'm not going to lie. Pools may dominate the 101 one day. But do you know what's the funny part is? I would make more money that way, doing nothing just a quick voting session, than I'm doing now, running a delegate, and about dozen other things that come with being part of a large delegate community. So maybe I'm secretly rooting for you, it would be totally great for me. Not so much for lisk, but what can you do...

You're great attainment for LISK community, but you dont right with your opinion about delegates.

[Vega]

You're great attainment for LISK community, but you dont right with your opinion about delegates.

It's cute how Virtum sent you because you speak better english, but I'm afraid your skill is still not enough for you to properly understand what I written (from your post it's clear that you don't) let alone argue with it. So please send someone better, sooner or later we'll get there I'm sure.

[Virtum]

You're great attainment for LISK community, but you dont right with your opinion about delegates.

It's cute how Virtum sent you because you speak better english, but I'm afraid your skill is still not enough for you to properly understand what I written (from your post it's clear that you don't) let alone argue with it. So please send someone better, sooner or later we'll get there I'm sure.

And I just realized that Vega is also a delegate ... After that I am not interested in your opinion any more. Your task to remain with a feeding trough... Go Vega go...

[Vega]

And I just realized that Vega is also a delegate ... After that I am not interested in your opinion any more. Your task to remain with a feeding trough... Go Vega go...

If you just realised this than I'm afraid that I'm correct in that you are unable to follow and understand what I've been writing about, as me being a delegate was more than clear from several comments from my posts.
However I agree that this is pointless, as no reason to debate with someone who can't follow your argument.

[Virtum]

And I just realized that Vega is also a delegate ... After that I am not interested in your opinion any more. Your task to remain with a feeding trough... Go Vega go...

If you just realised this than I'm afraid that I'm correct in that you are unable to follow and understand what I've been writing about, as me being a delegate was more than clear from several comments from my posts.
However I agree that this is pointless, as no reason to debate with someone who can't follow your argument.

You are only a worthless delegate. If you are able to make something important for Lisk, let Max will pay you from the money raised on ICO

[corsaro]

Just to clarify how dpos works, it is the lisk community that decides which delegates have to forge. There are actually 101,379,745 LSK on the market, and each lisk can vote. Every voter can choose 101 delegates among more then 900 registered delegates.
Actually the delegate in first position has about 17 millions vote, and he is a pool, so he can reach teorically 100% if all liskers vote him (101,379,745 LSK)
Every lisker is free to choose his preferred 101 delegates among a total of more then 900 registered ones (growing).

Who likes pool can vote pools. Who does not like pools can vote other delegates. It is a free choose
if one does not like any of the actual registered delegates, he can register a delegate name from the web lisk wallet (it costs 25 LISK), install a lisk node and vote for himself and ask votes from community

I made a guide to assist everyone during the installation process (it is in italian for my italian lisk community)
https://bitcointalk.org/index.php?topic=1501833.0

In this guide, as you can see, I listed some suggested good pools to be voted too (besides some italian delegates)

I am not against pools. I am in favour of free choose

[Virtum]

Who likes pool can vote pools. Who does not like pools can vote other delegates. It is a free choose

Just one thing- Max and Oliver must cancel their votes for any delegate.

[MisO69]

It seems the supply of lisk increases so fastly, the inflation rate is too high... Lisk will be destroyed by dpos scheme.

The solution is very simple and easy to implement.

Reduce block reward to .1 - problem solved.

In Bitshares this can be done with a simple vote. I think in Lisks case it has to be a hard fork. I hope I'm wrong.

[corsaro]

It seems the supply of lisk increases so fastly, the inflation rate is too high... Lisk will be destroyed by dpos scheme.

The solution is very simple and easy to implement.

Reduce block reward to .1 - problem solved.

In Bitshares this can be done with a simple vote. I think in Lisks case it has to be a hard fork. I hope I'm wrong.

block reward is written in code. Yes just an hard fork could change it.

Anyway forging reward is an important incentive for forgers to keep an efficent system.

[MoveCrypto]

It seems the supply of lisk increases so fastly, the inflation rate is too high... Lisk will be destroyed by dpos scheme.

The solution is very simple and easy to implement.

Reduce block reward to .1 - problem solved.

In Bitshares this can be done with a simple vote. I think in Lisks case it has to be a hard fork. I hope I'm wrong.

I see a lot of complaints about inflation, but less than 7% of what has been forged has been dumped, so forging inflation has had virtually no effect on the price so far.

If you have a good idea, publicize it and some of the forged LSK that delegates are holding tightly may flow to you.  Or you could try to become a delegate yourself.  There's multiple options for getting a piece of the forging pie.

[nyanhtet]

Who likes pool can vote pools. Who does not like pools can vote other delegates. It is a free choose

Just one thing- Max and Oliver must cancel their votes for any delegate.

No, if they remove votes, some whales can control 101 slots. But I agree that they should remove some slots.

[Vega]

The solution is very simple and easy to implement.
Reduce block reward to .1 - problem solved.

It would require a hard fork yes. However it's more important to know how we got here. Crypti (the coin Lisk has been forked from) had no inflation thus had no block reward. Nobody wanted to be a delegate, nobody cared. Without incentive only hardcore supporters will spend time and money on running nodes. I think the whole Crypti networks were running about 5-10 servers, ran by about 1-3 people.

So when Max and Oliver created Lisk they implemented the block rewards to solve this problem. However the block reward amount were calibrated for a much lower initial market cap. The result of the ICO were cleary many times over what they were expecting.

So this created a new problem, an extra strong financial motivation to be delegates, the consequences of something that you can see being played out right now.

I assume that they thought about changing the reward system, but the fact is that the inflation rate is something that was known by every investor before and during the ICO. People put money into the project being fully aware of it. As a matter of fact there were many posts about how the inflation is much lower than in some other coins, and I don't remember every being mentioned as a problem until recent days, when some people started harping on it, usually following it up with an agenda.

Changing something as fundamental as the inflation rate (even if to a downwards direction) for a coin with an ICO type distribution is kind of a questionable move.

So instead Max and the early community itself gone towards the idea of using parts of these forged funds for the betterment of Lisk, the funding of tools and apps for lisks, etc. A kind of trickle-down economy.

There are also alternate solutions, like increasing the active delegate numbers from 101 something that may very well happen down to road, but block propagation would significantly need to be improved first.

We will see how this will play out. We long time delegates won't easily let go of this concept or our own profits for that matter. If pool people want it, well... molon labe.

[grajson]

Max and Oliver are owning their Lisk share so they have right to vote, especially when in their best interest is success of the project they created. It was clear from very beginning how ICO is distributed and the fact they will hold significant voting weight.

I agree that centralization of voting weight is not good, but  vast majority of LSK belongs to community and final decision who is active delegate can be made by community if there is a need for it.

If the election has to be democratic, you can't ban any users from voting

No matter what governing system is in use it will never satisfy everyone..