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

[MrPresident]

[Vega]

Sorry, my bad. I'm counting from launching of network.
But in fact Ethereum it's also not a good coin. Very spequlating coin with big whales.

On that we agree. But I think this is pretty much true to every single crypto coin in the past and today. I think it will be some years before something other than speculation moves the price of a crypto coin or a project.

[Virtum]

And don't you dare compare this lisk with Ethereum.

I didn't. The only other time I mentioned Ethereum in this thread when I compared the inflation rate after the increadible amount of whining about how high lisk inflation is.

Ok, compare the inflation of lisk with Ethereum:
The maximum amount of ETH will be 103 862 556 ETH year 5189!!!
and  159 918 400 LSK year 2025

[Vega]

Ok, compare the inflation of lisk with Ethereum:
The maximum amount of ETH will be 103 862 556 ETH year 5189!!!
and  159 918 400 LSK year 2025

Are you trolling me or are you really utterly incapable of proper research and data processing?

First of all the number of coins are meaningless. The only thing matters is inflation percentages.
How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now.

Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week.

[fantoos]

Today price of LSK looks great with other words another opportunity for some people to buy some because now any news or update will push the price further. I have done with Bitcoin now came back to altcoins where LSK is again my top priority to invest some profit in it. Bitcoin begins to scare people with huge increases/decreases in single days.

[Virtum]

Ok, compare the inflation of lisk with Ethereum:
The maximum amount of ETH will be 103 862 556 ETH year 5189!!!
and  159 918 400 LSK year 2025

Are you trolling me or are you really utterly incapable of proper research and data processing?

First of all the number of coins are meaningless. The only thing matters is inflation percentages.
How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now.

Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week.

Why you so stupid and not understand elementary things?

Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19

  Lisk total   Lisk new   Inflation
2016   100000000   15768000   15,77%
2017   115768000   12614400   10,90%
2018   128382400   9460800   7,37%
2019   137843200   6307200   4,58%
2020   144150400   3153600   2,19%
2021   147304000   3153600   2,14%
2022   150457600   3153600   2,10%
2023   153611200   3153600   2,05%
2024   156764800   3153600   2,01%
2025   159918400   3153600   1,97%

[Vega]

Why you so stupid and not understand elementary things?

The irony is strong in you.
Okay, whatever. You can't convince stupid, and I don't need to.

[punkrock]

UPDATE!

Every delegate should update his mainnet clients to v0.5.2 as soon as possible!

Version `0.5.2` has now been released for the mainnet: https://downloads.lisk.io/lisk/main/0.5.2

This is an emergency patch release that addresses the following issue: https://github.com/LiskHQ/lisk/issues/381

All delegates are required to update asap. Thanks for your patience.

[BitBanksy]

And don't you dare compare this lisk with Ethereum.

That guy is funny wrong thread my friend... just go back to your eth etc or what ever is called now...

[LiskHQ]

Ok, compare the inflation of lisk with Ethereum:
The maximum amount of ETH will be 103 862 556 ETH year 5189!!!
and  159 918 400 LSK year 2025

Are you trolling me or are you really utterly incapable of proper research and data processing?

First of all the number of coins are meaningless. The only thing matters is inflation percentages.
How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now.

Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week.

Why you so stupid and not understand elementary things?

Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19

  Lisk total   Lisk new   Inflation
2016   100000000   15768000   15,77%
2017   115768000   12614400   10,90%
2018   128382400   9460800   7,37%
2019   137843200   6307200   4,58%
2020   144150400   3153600   2,19%
2021   147304000   3153600   2,14%
2022   150457600   3153600   2,10%
2023   153611200   3153600   2,05%
2024   156764800   3153600   2,01%
2025   159918400   3153600   1,97%

It seems you got the % inflation of Lisk right, here you can see the % inflation of Ethereum: https://docs.google.com/spreadsheets/d/150B9eytmjZ642tYD0jSdFZQHldmk7VG5Wm3KVctydpY/pubhtml


Let's compare them (no guarantee, please check facts yourself!):

Year    Lisk        Ethereum
 1st     15,77%    19.80%
 2nd    10,90%    21.20%
 3rd     7,37%     17.41%
 4th     4,58%     14.75%
 5th     2,19%     12.79%
 6th     2,14%     11.28%
 7th     2,10%     10.09%
 8th     2,05%     9.12%
 9th     2,01%     8.31%
10th    1,97%     7.64%


Additionally, it's important that miners generally sell a bigger % in order to break even. Delegates don't have to do that, they can use this % to increase the ecosystem and therefore the value of the token. I'm not attacking the Ethereum inflation nor say that the Lisk inflation is superior. They are different economic systems and I think both are solved just fine.

Important! This all comes down to the honesty of the delegates and the ecosystem voting with their LSK for the best delegates. So at the end nobody can condemn any delegate, because the network voted him in for whatever reason. So if someone is selling this is totally fair.

For the Lisk Foundation Balances; We don't vote with the adviser and bounty accounts. The foundation owned account might be used to vote for individuals like ambassadors.

For my founder's rewards; Yes, these are our privately owned LSK. Therefore, we vote with them as we see fit. If you check carefully I'm currently voting for 32 delegates who are ALL highly active. In my next round I will reduce the total even more for people who contribute something concrete.

However, now the most important fact. Over time the foundation balances will go down (paying out bounties, compensating advisers, giving incentives to employees, paying for bills in LSK) and the same should be true for me as well (diversifying OTC at specific price ranges with a very long-term mentality). Additionally, due to the inflation the impact of these accounts will become less and less. That means we are gravitating towards a more fair and decentralised system with time. For us Lisk was born with v0.5.0 and the foundation, everything before that was just a settlement.

Edit: Forgot one thing, the hashrate of Ethereum is growing fast. That means blocks are found faster which means that the inflation actually is higher than how it was intended to be. Same goes for Bitcoin where the average block time is 10 minutes, but I think the design choice was 12 minutes. (Correct me if I'm wrong on the Bitcoin part)

[vlom]

thanks to everybody how helped to fix the problem so fast.
i tried to understand the problem by reading the github page. but i did not. can anybody explain the problem in plain english please.

[Vega]

Let's compare them (no guarantee, please check facts yourself!):

But... but... but... I wanted him to do the work at least once in his life on BCT!

Joking aside, thanks for the post. It's a bit interesting how there were about zero negative mentions about the inflation rate (just the opposite as a matter of fact) for about 11 months and 1700 pages, and recently it's endless whining about it all coming from the same direction, from people pro pool delegates, only superficial knowledge of the Lisk core community (see them saying over and over who you and Oliver just voting up your friends), not doing proper research, immune to reasoning.
It's tiresome.

[Virtum]

Who want to support Lisk, vote for my delegate, please. I will run 100 (one hundred!!!) nodes and will be 24/7 online and maintain nodes.
My Servers Specifications:
    CPU: 4 x 2.40 GHz Intel Xeon
    RAM: 4096 MB
    Storage: 160 GB
    Bandwidth: 4 TB

First node: http://185.5.55.73:8000
Delegate name: virtum
Rank 856

[LiskHQ]

thanks to everybody how helped to fix the problem so fast.
i tried to understand the problem by reading the github page. but i did not. can anybody explain the problem in plain english please.

It was possible to create a fake vote which was not valid because it didn't follow the proper shape. This fake vote was added to the memory tables on one node and therefore were broadcasted to every node on the network. Due to the wrong shape nobody could verify this transaction and therefore new blocks couldn't been generated.

Now, Oliver added verifications. That means this fake vote with the wrong shape will be detected because its not valid. That means it will simply be removed from the memory tables on all nodes and nothing happens.

A few months ago we added validations on many different levels (e.g. accounts), seems like this one got overseen. However, these things become less obvious and at one point will be completely eliminated.

[vlom]

is there an how to? i want to run a node on one of my raspis. just for fun. i won't be looking for votes. thanks for the links.

[LiskHQ]

is there an how to? i want to run a node on one of my raspis. just for fun. i won't be looking for votes. thanks for the links.

It's honestly just one command.

https://lisk.io/documentation?i=lisk-docs/README

Use the binaries.

1.) Setup your Raspi
2.) Install the prerequisites
3.) Download the installation shell file from our servers
4.) Execute the command and start Lisk

If something doesn't work, go to Lisk.chat and ask either in #mainnet, #delegates or #technical-discussion.


You don't have to be a delegate to run a full node. If you want to generate blocks, try out our testnet.

[metropolit]

Ethereum is also planning to switch over to DPoS. hehe  What will they say then?
Imagine all those who invested into GPU's... damn! ...aaaaaannndd... it's gone.... poof! just like that.
It's gonna piss-off alot of folks. The drama will be a-plenty.

Miners will just switch to the next most profitable coin to mine at that time.

[Vega]

is there an how to? i want to run a node on one of my raspis. just for fun. i won't be looking for votes. thanks for the links.

I too would suggest setting up a testnet node instead of main net if you just want to experience it. If your delegate is standby not much is happening, so it's better to set one up on testnet because you just have to go on chat and asked to be voted up and presto, you are an active delegate.

Also keep in mind that Lisk should run on a Raspberry Pi (2-3?) just fine, but much depends on your internet connection. If you are experiencing problems it's most likely because your lag is too great.
If you need any help, lisk chat is a great place for it.

[nyanhtet]

Ok, compare the inflation of lisk with Ethereum:
The maximum amount of ETH will be 103 862 556 ETH year 5189!!!
and  159 918 400 LSK year 2025

Are you trolling me or are you really utterly incapable of proper research and data processing?

First of all the number of coins are meaningless. The only thing matters is inflation percentages.
How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now.

Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week.

Why you so stupid and not understand elementary things?

Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19

  Lisk total   Lisk new   Inflation
2016   100000000   15768000   15,77%
2017   115768000   12614400   10,90%
2018   128382400   9460800   7,37%
2019   137843200   6307200   4,58%
2020   144150400   3153600   2,19%
2021   147304000   3153600   2,14%
2022   150457600   3153600   2,10%
2023   153611200   3153600   2,05%
2024   156764800   3153600   2,01%
2025   159918400   3153600   1,97%

It seems you got the % inflation of Lisk right, here you can see the % inflation of Ethereum: https://docs.google.com/spreadsheets/d/150B9eytmjZ642tYD0jSdFZQHldmk7VG5Wm3KVctydpY/pubhtml


Let's compare them (no guarantee, please check facts yourself!):

Year    Lisk        Ethereum
 1st     15,77%    19.80%
 2nd    10,90%    21.20%
 3rd     7,37%     17.41%
 4th     4,58%     14.75%
 5th     2,19%     12.79%
 6th     2,14%     11.28%
 7th     2,10%     10.09%
 8th     2,05%     9.12%
 9th     2,01%     8.31%
10th    1,97%     7.64%


Additionally, it's important that miners generally sell a bigger % in order to break even. Delegates don't have to do that, they can use this % to increase the ecosystem and therefore the value of the token. I'm not attacking the Ethereum inflation nor say that the Lisk inflation is superior. They are different economic systems and I think both are solved just fine.

Important! This all comes down to the honesty of the delegates and the ecosystem voting with their LSK for the best delegates. So at the end nobody can condemn any delegate, because the network voted him in for whatever reason. So if someone is selling this is totally fair.

For the Lisk Foundation Balances; We don't vote with the adviser and bounty accounts. The foundation owned account might be used to vote for individuals like ambassadors.

For my founder's rewards; Yes, these are our privately owned LSK. Therefore, we vote with them as we see fit. If you check carefully I'm currently voting for 32 delegates who are ALL highly active. In my next round I will reduce the total even more for people who contribute something concrete.

However, now the most important fact. Over time the foundation balances will go down (paying out bounties, compensating advisers, giving incentives to employees, paying for bills in LSK) and the same should be true for me as well (diversifying OTC at specific price ranges with a very long-term mentality). Additionally, due to the inflation the impact of these accounts will become less and less. That means we are gravitating towards a more fair and decentralised system with time. For us Lisk was born with v0.5.0 and the foundation, everything before that was just a settlement.

Edit: Forgot one thing, the hashrate of Ethereum is growing fast. That means blocks are found faster which means that the inflation actually is higher than how it was intended to be. Same goes for Bitcoin where the average block time is 10 minutes, but I think the design choice was 12 minutes. (Correct me if I'm wrong on the Bitcoin part)

Well said, more faith.

[Bitsyo]

Ok, compare the inflation of lisk with Ethereum:
The maximum amount of ETH will be 103 862 556 ETH year 5189!!!
and  159 918 400 LSK year 2025

Are you trolling me or are you really utterly incapable of proper research and data processing?

First of all the number of coins are meaningless. The only thing matters is inflation percentages.
How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now.

Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week.

Why you so stupid and not understand elementary things?

Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19

  Lisk total   Lisk new   Inflation
2016   100000000   15768000   15,77%
2017   115768000   12614400   10,90%
2018   128382400   9460800   7,37%
2019   137843200   6307200   4,58%
2020   144150400   3153600   2,19%
2021   147304000   3153600   2,14%
2022   150457600   3153600   2,10%
2023   153611200   3153600   2,05%
2024   156764800   3153600   2,01%
2025   159918400   3153600   1,97%

It seems you got the % inflation of Lisk right, here you can see the % inflation of Ethereum: https://docs.google.com/spreadsheets/d/150B9eytmjZ642tYD0jSdFZQHldmk7VG5Wm3KVctydpY/pubhtml


Let's compare them (no guarantee, please check facts yourself!):

Year    Lisk        Ethereum
 1st     15,77%    19.80%
 2nd    10,90%    21.20%
 3rd     7,37%     17.41%
 4th     4,58%     14.75%
 5th     2,19%     12.79%
 6th     2,14%     11.28%
 7th     2,10%     10.09%
 8th     2,05%     9.12%
 9th     2,01%     8.31%
10th    1,97%     7.64%


Additionally, it's important that miners generally sell a bigger % in order to break even. Delegates don't have to do that, they can use this % to increase the ecosystem and therefore the value of the token. I'm not attacking the Ethereum inflation nor say that the Lisk inflation is superior. They are different economic systems and I think both are solved just fine.

Important! This all comes down to the honesty of the delegates and the ecosystem voting with their LSK for the best delegates. So at the end nobody can condemn any delegate, because the network voted him in for whatever reason. So if someone is selling this is totally fair.

For the Lisk Foundation Balances; We don't vote with the adviser and bounty accounts. The foundation owned account might be used to vote for individuals like ambassadors.

For my founder's rewards; Yes, these are our privately owned LSK. Therefore, we vote with them as we see fit. If you check carefully I'm currently voting for 32 delegates who are ALL highly active. In my next round I will reduce the total even more for people who contribute something concrete.

However, now the most important fact. Over time the foundation balances will go down (paying out bounties, compensating advisers, giving incentives to employees, paying for bills in LSK) and the same should be true for me as well (diversifying OTC at specific price ranges with a very long-term mentality). Additionally, due to the inflation the impact of these accounts will become less and less. That means we are gravitating towards a more fair and decentralised system with time. For us Lisk was born with v0.5.0 and the foundation, everything before that was just a settlement.

Edit: Forgot one thing, the hashrate of Ethereum is growing fast. That means blocks are found faster which means that the inflation actually is higher than how it was intended to be. Same goes for Bitcoin where the average block time is 10 minutes, but I think the design choice was 12 minutes. (Correct me if I'm wrong on the Bitcoin part)

Nice write-up, ETH will switch to PoS or a variant of it sooner or later so that numbers won't hold, but still their inflation is (was) much higher and their current system (just like btc) is just a waste of energy if you ask me. And if people knew that the majority of mining is controlled by maybe a few people. lisk has a much better system and is more ecofriendly for sure. Currently a nice mix of delegates and pools. Yesterday was a perfect example of how you can quickly push an update to lisk can you imagine that for eth or btc to be able to push criticial update in few hours with all nodes updating ? Not happening.