MalReynolds
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March 02, 2016, 12:49:10 PM |
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I must congratulate Lisk because its growing very fast, Bitcoin investments is being sent very rapidly, but at the same time I worry that everyone who can possibly buy into Lisk might do so before the ICO is over effectively saturating the market and not achieving ROI after ICO is over. I think Lisk is growing too fast before the end of the ICO, I wouldn't mind the exponential growth, but I would rather see it happen after the ICO is over. That feeling of excitement of seeing Lisk grow so fast combined with that of nervousness that everyone might buy in before the ICO is over... I understand that the more money Lisk can get, the better the end product will be, but balance is key. While too little money can be detrimental for development, too much money invested can also be detrimental for us, the investors. Are there any reasons why I shouldn't be worried with rapid increases of investments before the ICO is over? I think your concern does make sense, yet what I think is bit different. Traffic in the internet is more or less resembles an exponential growth. I am saying as a blogger and digital marketer. Although I do agree that I want to get more shares out of the ICO, shit happens u know. Also, daily trading volume of ETH is about 35,000btc and ICO atm is about 2,000btc daily trading volume of ETH is about 35,000btc and ICO atm is about 2,000btc
Pardon me, but where are you getting that the ICO at the moment is about 2,000 BTC's when I just went to ico.lisk.io and it says: Under "Bitcoin Exchanges" : 1422.53236392 BTC I think that what says under "Bitcoin Exchanges" represents the total of everything, including the tallying up of all the altcoins+shapeshift+XCR's that were exchanged for Lisks. Correct me if I am wrong. The difference between the "1422 BTC" and the "2000 BTC" is the difference between "actual and "equivalent" BTC (in dark orange) shown on this spreadsheet: https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=1360974801The difference between these two is the additional value in the platform besides just the pile of fresh new BTC that is stacking up. The currently-existing Crypti 0.5.5 codebase (previously paid for by XCR donors), all the functional currently-existing GUI wallet / blockchain explorer tools / etc, Max and Olivier working full time as the Lisk Foundation, the goodwill of an enthusiastic community that is in the hundreds and still growing - these did not pay BTC and yet count as real tangible assets. That's the difference between the 1400 and the 2000 numbers. The difference is the estimated value of intangibles. However, the 2000 number only pays for 85M Lisk and not the 15M Lisk held back by the Lisk Foundation - currently Max and Olivier, but that will grow. The correct comparison to make on the spreadsheet is the implied market cap (which includes all 100M Lisk) vs. the dev-cash-on-hand (which is only the donated BTC). As I have said over and over, any money you put into the Liso ICO does not change in value as more and more donors pile in. At the end of the ICO, market forces take over. The idea that the entire cryptocurrency market will discover Lisk and buy into it during a four-week ICO is very hard for me to swallow. We have only hundreds of investors in the Lisk ICO. There will be tens of thousands of people who discover Lisk on the exchanges when it gets there. I believe they will buy in at a premium, and that premium is your profit. As bitcoinuserz notes, ETH trades 35,000 BTC PER DAY and Lisk has taken in 1400 BTC in TWO WEEKS. Yes, there is a lot of justified excitement here in Liskland, but we are still only in a very tiny corner of a very big world. It's all about perspective. I am the very center of my world. I am a tiny speck in the cosmos.
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hugabase
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March 02, 2016, 12:53:48 PM |
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Lisk: 应用链, means "Chain of Dapps" is good Chancee
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jcksteve
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March 02, 2016, 01:00:44 PM |
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1 Lisk = $0.009816 right now...hmmmm, Participate in the Lisk ICO can realizee thiss pricee
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MalReynolds
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March 02, 2016, 01:03:18 PM Last edit: March 02, 2016, 01:15:16 PM by MalReynolds |
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1 Lisk = $0.009816 right now...hmmmm, Participate in the Lisk ICO can realizee thiss pricee
Actually, that is an old number. The current value is $0.01099 and slowly climbing as the satoshi value slowly climbs. Keep track here: The Satoshi Price For One Lisk https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharingI've modified this spreadsheet to also show the price of 1 Lisk in USD (US dollars).
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Calabi–Yau Manifold
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March 02, 2016, 01:10:00 PM |
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All ico buyers will get their coins once Lisk will be launched?
Or people will get coins at some time, not all at once?
It's important, because if all people will get coins at the same time, they can easily flood the market and drive price below ico...
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rudolfaxl
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March 02, 2016, 01:14:50 PM |
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my comment is...WOWWW
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MalReynolds
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March 02, 2016, 01:26:53 PM |
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MILESTONE ACHIEVED:
WITH $1.10M MARKET CAP, LISK WILL NOW BE A TOP 50 COIN ON LAUNCHhttp://www.coinmarketcap.comLISK ICO IS NOT EVEN HALF OVER YET...TOP 25 STATUS IS POSSIBLE
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klarki
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March 02, 2016, 01:31:57 PM |
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Interested in these same moments. I correctly understand that mining is planned for the end of March ? What rewards will be for the unit ?
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HindsightHero
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March 02, 2016, 01:34:22 PM |
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Since i did not get any answer to my last question i ask again. What will lisk coin be used for? quote from MalReynolds "Sidechain dapps permanently free vs. mainchain perpetual "gas" payments required" So where will the value of a lisk coin come from if it is not used as some kind of fuel like ether in ethereum? Can someone can clarify this or is this just a stupid pump thread?
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sandiman
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March 02, 2016, 01:35:19 PM |
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And what if after Lisk hits the exchange it suffer a big loss in value (like did ETH that was valued at 2,8 dollars at first on exchange and 3 days after reached approximatly 0,6$/Ether), will we still be profitable?
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rtrtcrypto
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March 02, 2016, 01:37:23 PM |
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.60 ether was cheaper than .29 cent ether of IPO So, yes. And what if after Lisk hits the exchange it suffer a big loss in value (like did ETH that was valued at 2,8 dollars at first on exchange and 3 days after reached approximatly 0,6$/Ether), will we still be profitable?
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MalReynolds
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March 02, 2016, 01:44:03 PM Last edit: March 02, 2016, 02:23:39 PM by MalReynolds |
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Since i did not get any answer to my last question i ask again. What will lisk coin be used for? quote from MalReynolds "Sidechain dapps permanently free vs. mainchain perpetual "gas" payments required" So where will the value of a lisk coin come from if it is not used as some kind of fuel like ether in ethereum? Can someone can clarify this or is this just a stupid pump thread?
Dapps will pay a nominal fee to register a side chain on the main Lisk blockchain. After that small registration fee, there are no continuing sidechain payements to the Lisk Foundation. As usual, correct me if I'm wrong, Max. As sidechain apps charge for the services they are providing, they will probably ask for Lisk as their payment, since that is easiest to do (although writing for example Bitcoin processing directly into a Lisk app is theoretically possible). Sidechain users will have to purchase Lisk at an exchange to use those sidechain services. This will result in upward buying pressure for Lisk as a coin. Take for example any future Lisk sports betting dapps. Lisk would effectively be the casino sports room tokens used among gamers to settle their wagers. Those tokens would have to be purchased on an exchange, and could be later "cashed out" at an exchange for other currencies such as BTC and eventually USD. Vegas, baby.
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hello12345fds
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March 02, 2016, 01:48:38 PM |
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Hello!
Can somebody tell me- what is the LUSK??? Why it takes so big money on ICO? Is it really better then ETH or IOTA? I know that IOTA has newest tehnology in the world, As well as ETH! But what is new in the LUSK???
Needs an Answer ALso Since i did not get any answer to my last question i ask again. What will lisk coin be used for? quote from MalReynolds "Sidechain dapps permanently free vs. mainchain perpetual "gas" payments required" So where will the value of a lisk coin come from if it is not used as some kind of fuel like ether in ethereum? Can someone can clarify this or is this just a stupid pump thread?
Dapps will pay a nominal fee to register a side chain on the main Lisk blockchain. After that small registration fee, there are no continuing sidechain payements to the Lisk Foundation. As usual, correct me if I'm wrong, Max. As sidechain apps charge for the services they are providing, they will ask for Lisk as their payment. Sidechain users will have to purchase Lisk at an exchange to use those sidechain services. This will result in upward buying pressure for Lisk as a coin. Take for example any future Lisk sports betting dapps. Lisk would effectively be the casino sports room tokens used among gamers to settle their wagers. Those tokens would have to be purchased on an exchange, and could be later "cashed out" at an exchange for other currencies such as BTC and eventually USD. Vegas, baby. Will alternative cryptos -ie btc,ltc be used for purchase of dapps alongside Lisk. Or will Lisk be the sole dapp purchase currency.
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Calabi–Yau Manifold
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March 02, 2016, 01:59:25 PM |
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Stop talking about price. Let it be. If rise is coming, we'll enjoy it. Don't need to spend time counting non exisiting (yet) profits.
Please answer my question from my last post at previous page. Thanks.
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bittick
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March 02, 2016, 02:07:14 PM |
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Stop talking about price. Let it be. If rise is coming, we'll enjoy it. Don't need to spend time counting non exisiting (yet) profits.
Please answer my question from my last post at previous page. Thanks.
^ this.
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rezilient
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March 02, 2016, 02:10:50 PM |
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Stop talking about price. Let it be. If rise is coming, we'll enjoy it. Don't need to spend time counting non exisiting (yet) profits.
Please answer my question from my last post at previous page. Thanks.
In short Forget the current price, just buy.
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You don't pay enough.
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pineapples
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to your stations, man the pineapples!!!
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March 02, 2016, 02:15:03 PM |
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I don't get it. Crypti wasn't enough? So team members take the tech and start a new ICO? https://lisk.io/teamIn June 16th, 2014 it all began with Crypti and the Crypti Foundation. A founding team of 5 members set themselves the goal to develop a great cryptocurrency platform for decentralized applications and sidechains, they collected 750 BTC in their ICO and developed the platform for over one year. Max and Olivier were early members of the team and foundation. At the turn of the year 2016 ideologies were drifting apart and we decided to make our own platform called Lisk.
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MalReynolds
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March 02, 2016, 02:15:46 PM |
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All ico buyers will get their coins once Lisk will be launched? Or people will get coins at some time, not all at once? It's important, because if all people will get coins at the same time, they can easily flood the market and drive price below ico...
There will be a Lisk genesis block that creates all coins for all users at the same instant. As soon as the Lisk Foundation nodes go online and start propagating the Lisk blockchain using the genesis block as Block 1, anybody with the GUI wallet will instantly be able to access their coins starting on Block 2. Blocktime for Lisk is 10 seconds, so the plan is for everybody to have access to their coins within 10 seconds of blockchain launch. I am pretty sure they will not launch the blockchain in secret. Knowing Max, there will be a countdown clock. Community nodes will start taking over from Foundation nodes after a week or so. As always, I am not a Lisk insider, and I depend on Max to correct any mistakes I have said here.
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MalReynolds
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March 02, 2016, 02:16:42 PM |
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I don't get it. Crypti wasn't enough? So team members take the tech and start a new ICO?
Um, yeah, that pretty much sums it up. You kinda had to be there to understand why it was the right thing to do.
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LiskHQ (OP)
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March 02, 2016, 02:17:56 PM Last edit: March 02, 2016, 02:56:25 PM by LiskHQ |
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All ico buyers will get their coins once Lisk will be launched?
Or people will get coins at some time, not all at once?
It's important, because if all people will get coins at the same time, they can easily flood the market and drive price below ico...
Hello, All buyers will get their LISK at once. They will be made available with the genesis block. Interested in these same moments. I correctly understand that mining is planned for the end of March ? What rewards will be for the unit ?
There is no mining at Lisk. Only forging. The beginning rewards will be 5 LISK per block. Since i did not get any answer to my last question i ask again. What will lisk coin be used for? quote from MalReynolds "Sidechain dapps permanently free vs. mainchain perpetual "gas" payments required" So where will the value of a lisk coin come from if it is not used as some kind of fuel like ether in ethereum? Can someone can clarify this or is this just a stupid pump thread?
I'm very sorry HidsightHero that I didn't see your question. Here you can see all fees which occur on the network. Long-term I see the need of recurring LISK payments. We will need to think about this, but maybe we will make the username and dapp registration payments recurring in the future. For example every 30 days the dapp dev needs to pay a fee so that the dapp stays in our dapp store. If he doesn't pay it, the dapp would still be available, but not visible in our dapp store. That's one option to make the LISK tokens more needed. However, I suspect that 90% of the dapps will use LISK for internal functionalities. Hello!
Can somebody tell me- what is the LUSK??? Why it takes so big money on ICO? Is it really better then ETH or IOTA? I know that IOTA has newest tehnology in the world, As well as ETH! But what is new in the LUSK???
Will alternative cryptos -ie btc,ltc be used for purchase of dapps alongside Lisk. Or will Lisk be the sole dapp purchase currency. LISK is the crypto-currency which empowers the Lisk network, a decentralized application and custom blockchain platform. We will make big efforts for the IoT, IOTA has another use-case. E.g. send money on micro-processors. A dapp doesn't need to be purchased by users, because this can be cheated by the dapp devs and users. But it needs to be registered on the blockchain, this is only possible with the LISK token (500 LISK).
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Lisk.io - Blockchain Application Platform
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