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

[MalReynolds]

so how is sale going ?

770+ BTC so far!

[LiskHQ]

If u check the price it says, the price for 1 lisk will be 1397 satoshi.

And the early investors are buying 1 lisk for 1300 satoshi, and the coin has only been released 2 days.

The price of Lisk and the amount of coins given to each individual participant will change as the ICO progresses and more people buy into it.

You're also assuming that the price will stay the same or rise after Lisk hits the exchanges.... which isn't a foregone conclusion.

Nickenburg, people are selling 1 XCR for 1300 satoshis. Not buying 1 LISK for 1300 satoshi.

[MalReynolds]

If u check the price it says, the price for 1 lisk will be 1397 satoshi.

And the early investors are buying 1 lisk for 1300 satoshi, and the coin has only been released 2 days.

The price of Lisk and the amount of coins given to each individual participant will change as the ICO progresses and more people buy into it.

You're also assuming that the price will stay the same or rise after Lisk hits the exchanges.... which isn't a foregone conclusion.

Sorry, but this is not a correct way of looking at the ICO.   The early investors are NOT buying 1 Lisk for 1300 satoshi.  Instead, the XCR held by the early Crypti investors is being accepted at a fixed price of 1300 satoshi as it is exchanged for "equivalent" BTC which is used to buy Lisk.  This is not the same thing at all.

The original intrinsic value of everybody's donation stake (whether BTC or XCR) will be preserved at its original value during the ICO.  As more people come in, the share of coins you get goes down and their value goes up to compensate.  Nobody makes or loses any money during the ICO.  In particular, the Crypti exchangers are already getting less than one Lisk for each 1300 fixed-satoshi-price Crypti they exchange, as seen by this chart:

https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit#gid=763738405

Crypti exchangers are going to get fewer and fewer and fewer Lisk for their Crypti as this ICO goes on and the value of a single Lisk increases.  When the ICO is over and the free market takes over, it is a whole new ball game as Sussex correctly says.  Then, Max and Olivier and everybody else supporting Lisk will just have to work harder and harder harder to keep the price of Lisk headed up.

And that's the plan.

[sandiman]

Where can we see how is the ICO going and how much different cryptocurrencies have been invested?

[LiskHQ]

Where can we see how is the ICO going and how much different cryptocurrencies have been invested?

You can see the total BTC, total XCR and the total BTC from altcoins. On https://ico.lisk.io/.

[operabit]

Lisk: ICO Mendapatkan Lebih 1000 BTC Dalam Dua Hari (Indonesian)

http://blogbitindo.com/2016/02/24/lisk-ico-mendapatkan-lebih-1000-btc-dalam-dua-hari/

[Ayers]

so how much 1 lisk cost in bitcoin right now?

[3x2]

so how much 1 lisk cost in bitcoin right now?

1300 Sat.

[cyberhacker]

I am think why these boys cheering all BTC raised.

the more BTC they raised, the less LISK you get, and the marketcap will be a ceiling which will never be broken after ICO.

what hell they are thinking?

or they can get virtual orgasm from all BTC raised so far?

[LiskHQ]

so how much 1 lisk cost in bitcoin right now?

1300 Sat.

NO!

Right now it's about 1397 satoshi and will continue to go up. https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=1360974801

I am think why these boys cheering all BTC raised.

the more BTC they raised, the less LISK you get, and the marketcap will be a ceiling which will never be broken after ICO.

what hell they are thinking?

or they can get virtual orgasm from all BTC raised so far?

More BTC means more capital to make Lisk really big. It's wrong to think that the less a coin collects, the more you will get. It's very important that a project gets as much capital in the beginning as possible. Take a look at Ethereum, they collected $18.4M. They used the money to promote their platform like crazy and now they have a $430M marketcap.

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

[HYPERfuture]

I am think why these boys cheering all BTC raised.

the more BTC they raised, the less LISK you get, and the marketcap will be a ceiling which will never be broken after ICO.

what hell they are thinking?

or they can get virtual orgasm from all BTC raised so far?

If you look at ETH and some other projects, the ICO was not a ceiling.

Higher market cap is good for everybody this is really strange logic.

I am contemplating using LISK for Crypto Galaxies Blockchain Based Space Strategy MMO: https://bitcointalk.org/index.php?topic=1374470

Any word on when Lisk will have a decentralized cryptocurrency exchange app?

[sussex]

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

I'm getting a bit fed up of this constantly repeated trope.

Of course your BTC share inside the ICO remains the same, because there is no opportunity to sell it. The number of coins you get for your BTC, however, will continue to fall as long as others join in the ICO.

As soon as the coin hits the exchanges, the number of coins that you own becomes crucial, so stop trying to imply that it has no relevance.

[Vega]

My main problem is that most the BTC will be allocated towards big-fancy-lawyer and big-fancy-developer standards of living.

I was tallking about something similar a few posts ago. The big difference is that I asked about their plans and expressed concern, while you state your opinions as facts. This is not the first, it seems that is your way. You simply know these things, which is pretty rich from someone who a few days ago believed crytpi initially raised 8500 btc, and doesn't know the difference between java and javascript.

[cyberhacker]

My main problem is that most the BTC will be allocated towards big-fancy-lawyer and big-fancy-developer standards of living.

These guys probably burn 50k euro per year per person on their personal expenses.


They burnt through 750 BTC from crypti too fast, now they still have to pay their expenses, so they make up a new project and ask for more money.

Hmmm.

I guess more smart persons are showing up here.

[favdesu]

so how is sale going ?

770+ BTC so far!

congrats on that. looks like a successful ICO

[LiskHQ]

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

I'm getting a bit fed up of this constantly repeated trope.

Of course your BTC share inside the ICO remains the same, because there is no opportunity to sell it. The number of coins you get for your BTC, however, will continue to fall as long as others join in the ICO.

As soon as the coin hits the exchanges, the number of coins that you own becomes crucial, so stop trying to imply that it has no relevance.

The first part is very clear to you and me. But not to the new members joining this thread. Therefore I always have to repeat some things. In the last days I told hundred of people the same thing over and over again. This is very normal. Regarding the part I underlined in the quote:

It can be that my thought is wrong here! But I see it as this:

The number of coins you hold is not crucial, it doesn't matter.

Let's make an example(!) comparison:

Case 1:
We collect 100 BTC in the ICO, that means our initial market cap is 100 BTC:

- User A who exchanged 1 BTC receives 1,000,000 coins.


Case 2:
We collect 1,000 BTC in the ICO, that means our initial market cap is 1,000 BTC.
 
- User A who exchanged 1 BTC receives 100,000 coins.


Now our market cap rises, let's say times 2. In both cases User A will have coins, which are worth 2 BTC. Exactly the same.



NOW! If you say that a coin with a small market cap can rise more and faster. Then this may be the case for a pump and dump within the first few weeks. But long term this is absolutely nonsense! Here all what matters are the management skils of the C-level executives.

Take a look at Nxt, which started with a small market cap. It's now bleeding out because there is no capital and no management. Take a look at Factom or Ethereum, which started with a big market cap. They are doing great!

[lisk999]

I have sign up for the newsletter,
liked you on facebook
and follow you on twitter.

How do I claim my reward in Lisk from you guys?


Thanks

[LiskHQ]

I have sign up for the newsletter,
liked you on facebook
and follow you on twitter.

How do I claim my reward in Lisk from you guys?


Thanks

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

[Nxtblg]

Just sent a small amount in. Here I go again...

[Emerge]

Also the amount you receive at the end of the ICO ALWAYS equals exactly the same amount of money (in $) you have put into the ICO at the beginning.

I'm getting a bit fed up of this constantly repeated trope.

Of course your BTC share inside the ICO remains the same, because there is no opportunity to sell it. The number of coins you get for your BTC, however, will continue to fall as long as others join in the ICO.

As soon as the coin hits the exchanges, the number of coins that you own becomes crucial, so stop trying to imply that it has no relevance.

I'm sure you know nothing about the word "investment" now do you?