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

[Abiky]

Call me a cynic, but my personal opinion is the Ethereum price explosion is due to the recent Chinese government capital controls to prevent the flow of money out of China.  Cryptocurrency exchange is one of the current scams to get the money across the Chinese border electronically. See:

http://www.coindesk.com/china-wanxiang-blockchain-50-million-fund/

http://allcoinsnews.com/2015/10/20/ethereum-sees-growing-china-interest-focuses-on-four-major-rd-areas/

There is no fundamental reason for Ethereum to be pushing $10, just as there is no fundamental reason for this house in Vancouver to be worth $2.3 million:

http://www.zerohedge.com/news/2016-02-29/pretty-freaking-nuts-vancouver-home-sells-735000-above-asking-price

It's all about getting on the Chinese money laundering gravy train.

So while I am all for serious JavaScript code development in Lisk, in reality getting Lisk on many Chinese exchanges rapidly and going to meetings with businessmen in Hong Kong and Shanghai are the quickest way to reach $5 per Lisk.

I say let's do it.

Lisk QQ Group: 377193016
Chinese Name for Lisk: 应用链, means "Chain of Dapps"

Good lets get the Chinese on board with the Lisk platform. Since they are good investors (at least in my opinion) they could drive Lisk's price all the way up to the moon. Not to mention that it will be using a very popular programming language, Lisk will attract investors as well as developers and thus make it a very successful platform (I hope so) I have heard about a Chinese exchange named Bitebi9. The addition of Lisk there would be a game changer. 

[MalReynolds]

Major Chinese Exchanges:

China   Huobi   (very big major exchange, 3M BTC daily - English link at https://www.huobi.com/?lang=en )
China   OkCoin (very big major exchange, 3M BTC daily - English link at https://www.okcoin.com/)

Other Chinese Exchanges:

China   42 BTC
China   Bit Pioneer
China   BTC China
China   BTC Trade
China   BTC100
China   BTer
China   China Bitcoin
China   Fire Currency
China   FxBTC
China   GoxBTC
China   RMBTB

Hong Kong Exchanges:

Hong Kong        Asia Nexgen
Hong Kong        BitFinex
Hong Kong        Crypto-Trade.com

[poornamelessme]

Call me a cynic, but my personal opinion is the Ethereum price explosion is due to the recent Chinese government capital controls to prevent the flow of money out of China.

I think it's simpler than that ... Homestead = pump opportunity. New development equals pump (and typically dump) time.

[sgdias]

At their site they stated the following in the FAQ:

"It's not possible to specify that beforehand. We collect as many BTC and XCR as possible by our ICO participants and will equally distribute 85,000,000 LISK with the launch of our network at the end of March. Once the ICO is over we can calculate the exact price for one LISK."

Does it means that I won't receive the amount of LISKs proportial to my ICO investement ? So it will be the same investing 0.1 BTC or 1 BTC or 10 BTC ?

[MalReynolds]

At their site they stated the following in the FAQ:

"It's not possible to specify that beforehand. We collect as many BTC and XCR as possible by our ICO participants and will equally distribute 85,000,000 LISK with the launch of our network at the end of March. Once the ICO is over we can calculate the exact price for one LISK."

Does it means that I won't receive the amount of LISKs proportial to my ICO investement ? So it will be the same investing 0.1 BTC or 1 BTC or 10 BTC ?

It means that if you donate X bitcoins at any point of the ICO, then at the end of the ICO you will be issued an amount of Lisk that is worth X bitcoins.

[nuno12345]

For all price fanatics I have setup a simple price grabber that get's the ICO amout from ico.lisk.io and does the proper math to calculate the lisk price in satoshi and USD (bonus not included).

[punkrock]

For all price fanatics I have setup a simple price grabber that get's the ICO amout from ico.lisk.io and does the proper math to calculate the lisk price in satoshi and USD (bonus not included).

Does this image update itself?  

Okay, it does. Awesome API-magic. Could you please make the stuff public? Would like to change the formatting and design of this image.

P.S.: Why did the price fall from 2608 to 2584? Shouldn't it increase only?

[nuno12345]

For all price fanatics I have setup a simple price grabber that get's the ICO amout from ico.lisk.io and does the proper math to calculate the lisk price in satoshi and USD (bonus not included).

Does this image update itself?  

Okay, it does. Awesome API-magic. Could you please make the stuff public? Would like to change the formatting and design of this image.

P.S.: Why did the price fall from 2608 to 2584? Shouldn't it increase only?

If crypti price drops lisk value will drop, if btc drops lisk value will drop.

Here is the source code, all commented for easy understanding:

Code:

<?php
//http://simplehtmldom.sourceforge.net/
include_once('simple_html_dom.php');

//GET HTML FROM ICO.LISK.IO
$html = file_get_html('https://ico.lisk.io/');

//GET CRYPTI AND BITCOIN PRICE
$priceXCR = json_decode(file_get_contents("http://coinmarketcap-nexuist.rhcloud.com/api/xcr/price"), true)["btc"];
$priceBTC = json_decode(file_get_contents("http://coinmarketcap-nexuist.rhcloud.com/api/btc/price"), true)["usd"];

//COUNTER TO KNOW WHICH COIN IS WHICH
$counter = 0;

//SETUP PRICE VARS
$bitcoinICO = 0;
$cryptiICO = 0;

//LOOP THRU ALL SPANS IN ICO.LISK.IO
foreach($html->find('span') as $element) 
{
	//FILTER FLOATS ONLY
	$number = preg_replace("/[^0-9\.]/", "", $element);
	
	if(is_numeric($number))
	{
		//0=BITCOIN AMOUNT, 1=CRYPTI AMOUNT, 2=SHAPESHIFT AMOUNT
		if($counter==0) $bitcoinICO += $number;
		else if($counter==1) $cryptiICO += $number;
		else if($counter==2) $bitcoinICO += $number;
		
		//INCREASE COUNTER
		$counter++;
	}
}

//CONVERT CRYPTI AMOUNT TO BTC
$bitcoinICO+=($cryptiICO*$priceXCR);

//CALCULATE LISK PRICE AND CONVERT TO SATOSHI
$liskPriceBTC = ($bitcoinICO/85000000);
$liskPriceBTCRound = round($liskPriceBTC*100000000);

//CONVERT LISK PRICE TO USD AND FORMAT TO 5 DECIMAL PLACES
$liskPriceUSD = number_format((float)($liskPriceBTC*$priceBTC), 5, '.', '');

header("Content-Type: image/png");
//OPEN LISK LOGO
$im = imageCreateFromPng("/var/www/html/lisk/lisk.png");
//DEAL WITH OPACITY
imageAlphaBlending($im, true);
imageSaveAlpha($im, true);

//SETUP TEXT COLOR
$text_color = imagecolorallocate($im, 0, 0, 0);

//ADD TEXT TO LISK LOGO
imagestring($im, 3, 120, 95,  "1 Lisk = " . $liskPriceBTCRound . " Satoshi", $text_color);
imagestring($im, 3, 120, 110,  "1 Lisk = " . $liskPriceUSD . " USD", $text_color);

//SAVE IMAGE
imagepng($im, "/var/www/html/lisk/lisk_price.png");

//CLEAN BUFFER
imagedestroy($im);

?>

crontab -e

Code:

*/10 * * * * /usr/bin/php /var/www/html/lisk/index.php

[punkrock]

If crypti price drops lisk value will drop

I would suggest to do the calc without Crypti, because it's not possible to sell all those XCR - they have nearly no value.

if btc drops lisk value will drop.

Sure. Too early in the morning.

Thanks for the script!

[Bigcabrito]

If crypti price drops lisk value will drop

I would suggest to do the calc without Crypti, because it's not possible to sell all those XCR - they have nearly no value.

if btc drops lisk value will drop.

Sure. Too early in the morning.

Thanks for the script!

You can't really do the calculations without Crypti since Lisk is offering an stable conversion rate of 0.000013 per Crypti. Those who are trading in Crypti will receive LISK in exchange, even though it means Crypti might not be sold.  

If you do the calculations without Crypti, the value of LISK will decrease and you will end up selling below the ICO price.

[punkrock]

Ok, thanks for the clarification.

[Markov]

If crypti price drops lisk value will drop

I would suggest to do the calc without Crypti, because it's not possible to sell all those XCR - they have nearly no value.

if btc drops lisk value will drop.

Sure. Too early in the morning.

Thanks for the script!

You can't really do the calculations without Crypti since Lisk is offering an stable conversion rate of 0.000013 per Crypti. Those who are trading in Crypti will receive LISK in exchange, even though it means Crypti might not be sold.  

If you do the calculations without Crypti, the value of LISK will decrease and you will end up selling below the ICO price.

Good way to get rid of XCR though. It's been really useful here.

[LiskHQ]

Here is the source code, all commented for easy understanding:

Code:

<?php
//http://simplehtmldom.sourceforge.net/
include_once('simple_html_dom.php');

//GET HTML FROM ICO.LISK.IO
$html = file_get_html('https://ico.lisk.io/');

//GET CRYPTI AND BITCOIN PRICE
$priceXCR = json_decode(file_get_contents("http://coinmarketcap-nexuist.rhcloud.com/api/xcr/price"), true)["btc"];
$priceBTC = json_decode(file_get_contents("http://coinmarketcap-nexuist.rhcloud.com/api/btc/price"), true)["usd"];

//COUNTER TO KNOW WHICH COIN IS WHICH
$counter = 0;

//SETUP PRICE VARS
$bitcoinICO = 0;
$cryptiICO = 0;

//LOOP THRU ALL SPANS IN ICO.LISK.IO
foreach($html->find('span') as $element) 
{
	//FILTER FLOATS ONLY
	$number = preg_replace("/[^0-9\.]/", "", $element);
	
	if(is_numeric($number))
	{
		//0=BITCOIN AMOUNT, 1=CRYPTI AMOUNT, 2=SHAPESHIFT AMOUNT
		if($counter==0) $bitcoinICO += $number;
		else if($counter==1) $cryptiICO += $number;
		else if($counter==2) $bitcoinICO += $number;
		
		//INCREASE COUNTER
		$counter++;
	}
}

//CONVERT CRYPTI AMOUNT TO BTC
$bitcoinICO+=($cryptiICO*$priceXCR);

//CALCULATE LISK PRICE AND CONVERT TO SATOSHI
$liskPriceBTC = ($bitcoinICO/85000000);
$liskPriceBTCRound = round($liskPriceBTC*100000000);

//CONVERT LISK PRICE TO USD AND FORMAT TO 5 DECIMAL PLACES
$liskPriceUSD = number_format((float)($liskPriceBTC*$priceBTC), 5, '.', '');

header("Content-Type: image/png");
//OPEN LISK LOGO
$im = imageCreateFromPng("/var/www/html/lisk/lisk.png");
//DEAL WITH OPACITY
imageAlphaBlending($im, true);
imageSaveAlpha($im, true);

//SETUP TEXT COLOR
$text_color = imagecolorallocate($im, 0, 0, 0);

//ADD TEXT TO LISK LOGO
imagestring($im, 3, 120, 95,  "1 Lisk = " . $liskPriceBTCRound . " Satoshi", $text_color);
imagestring($im, 3, 120, 110,  "1 Lisk = " . $liskPriceUSD . " USD", $text_color);

//SAVE IMAGE
imagepng($im, "/var/www/html/lisk/lisk_price.png");

//CLEAN BUFFER
imagedestroy($im);

?>

crontab -e

Code:

*/10 * * * * /usr/bin/php /var/www/html/lisk/index.php

Awesome! Added it to the OP.

[ilidion]

price looking good. still a few weeks to go

[karmacoma24]

Great work on the price grabber script nuno12345, much appreciated

Btw, we have a JSON feed of the totals available here, which you can use instead of scanning the page itself.

Thanks again, Oliver.

[Colombina]

price looking good. still a few weeks to go

Where can I look at the price?

[punkrock]

price looking good. still a few weeks to go

Where can I look at the price?

On page 1 or three posts above yours...

[MalReynolds]

Here is the source code, all commented for easy understanding:

<snip>

crontab -e

Code:

*/10 * * * * /usr/bin/php /var/www/html/lisk/index.php

Awesome! Added it to the OP.

This is a great API programming effort and looks awesome.  However, there are some problems in the logic and the algorithm used has some serious flaws.  Plus, I would argue it is not even a good idea to display it in its current form.

Overall, the Lisk price in the graphic is being underestimated by a little over 15% and that error will grow slightly over the next two weeks as more and more "effective" BTC are "handed out" as early participation bonuses.  Currently this amount stands at a little over 252 BTC and climbing.  These must be included in the Lisk price even though they were never actually collected.   These "imaginary" 252 BTC are effectively a legitimate marketing expense that has made this ICO more successful than it otherwise would have been.

Nuno acknowledges he is not counting these early participation bonuses, since there is no place he can go with an API and get real data on how much has been handed out.  Also, his code also shows that he is using the current market price of Crypti instead of the constant 13 BTC per 1M XCR actually being used.  

How big are these discrepancies?  As I write this, he says 1 Lisk = 2625 satoshi = 0.01069 USD; my spreadsheet is showing 1 Lisk = 3024 satoshi = 0.01235 USD.  Compare for yourself:

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit#gid=1360974801

I would argue my spreadsheet numbers are a "better" number to use.  However, my spreadsheets aren't perfect either.  I only update them manually a couple of times per day instead of instantly via an API.  Plus, the 1350 total BTC I am showing as being gathered at the 15% bounus is a close but approximate figure that I will update when Max releases the official figure.

If Lisk is going to have ("inflationary") early participation bonuses and constant Crypti exchange factors as official Lisk policy, these MUST be included in the Lisk price.  I think the correct way to look at the difference here is that nuno is showing us where the Lisk price would be if it were based only on tangibles, pure market forces and actual BTC collected.  My spreadsheet number is the number with all the free marketing goodies included that were added in to increase participation in the ICO  - goodies that have worked as intended and beyond!

Ultimately Lisk price is about belief.  I have argued in an earlier post that the early participation bonus and Crypti bonus are fair ways of valuing community enthusiasm and the existing codebase, and that the spreadsheet number is a fair starting exchange price for Lisk after the ICO at an exchange.  If we revert to "no, the value of Lisk is only in the actually collected BTC and nothing more", then expect to take a significant price hit when we go to the exchanges.  If you don't continually hammer home that the Lisk bonuses are a fair part of the Lisk price that have made this a more successful ICO, then those bonuses will not be reflected (ie, "paid for") in the eventual Lisk market price.

Bottom line:  Nuno's graphic - as it is now - is gonna cost Lisk money.  We would be better off without it.  
 

 

[punkrock]

- snip -

I agree. I think it's only "good" for all the people who asking every 10 posts, what the current price is. Maybe It's possible to add "some math" into the script, so it will show nearly the same as your sheet?

[MalReynolds]

- snip -

I agree. I think it's only "good" for all the people who asking every 10 posts, what the current price is. Maybe It's possible to add "some math" into the script, so it will show nearly the same as your sheet?

Two changes would go a long way (1) use a constant 13 BTC per 1M XCR as the conversion factor instead of the current market price for Crypti;  (2) applying a 15% escalation factor for the first 1350 BTC collected, and 10% escalation factor on BTC collected thereafter.  This mod could be changed to 5% in the third week and 0% in the last week.

Nuno, Max - you OK with such mods?