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

[MalReynolds]

Is there any information available about how best to distribute your votes? So is it better to vote for one delgate, 10 delegates or the maximum amount? How is your total "vote power" distributed if you vote for multiple delegates?

Your voting power is not split between the delegates you vote for.  Every delegate you vote for gets your full number of votes.  So you might as well vote for 101 if you have that many that you trust / like.

[blacky90]

but ethereum has already a javascript client  

so whats is the advantage of this?

[Videodrome]

Thanks redsn0w for support, the node is up and running!

[YNWA2806]

moving on to my next query, whats the approximate validations statistics?

Did the majority of investors validate their addresses? can we expect no delays?

It's not obbligatory to validate the ico address with the passphrase.

Its not obligatory indeed but its repeatedly quoted that low validation percentage may cause delaying the launch.

[tiagoengineer]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

[Relaxedsense]

Concerning Lisk Chat, Public Testnet and Generated Keys

The community has explained very well the deficiencies of a Slack channel. We will not be moving to Slack as our in house chat application provides our needs in communicating effectively with the community. Come join us! We are very active in out chat. We hope you understand

The public testnet has been opened, so you may now test out your delegates. These past few days have been very instructive as the community has gone far and beyond in testing the public testnet. We highly appreciate those who are actively participating in the testing process. Thank you For those who have not participated but may still be interested, you can read this simple guide to help you set up the delegate and begin forging.

Furthermore, Oliver has provided me with updated numbers to generate keys and validations. Here is the report:

	March 30th, 2016	April 3rd, 2016
Completed_Exchanges	8490	8490
Exchanges_Claimed	7059	7387
Exchanges_Validated	450	3268
Percentage_Claimed	83%	87%
Percentage_Validated	6%	44%

We are aiming for 95%+ generated keys, and hopefully, most will be validated. We are encouraging everyone to validate their keys to make sure you have the correct passphrases. Soon, those who have not generated keys will begin receiving e-mail reminders.

Thanks for supporting us!

Joel

Thanks for the update and the grounded explanation, I understand completely! Lets work on that other 9% left over so we can launch on time!

[redsn0w]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes  ( if he uses 1 lisk he can pick up 33 delegates, so with 4 lisk you can vote 101 delegated).


it's just math.

[Deanero]

Hello all,

I mentioned previously that my balance in my accounts are zero, I had a response from somebody but nobody official. I'm concerned as the screenshot above shows to contain a balance.

Would really appreciate it if someone could help me out here.

[MalReynolds]

but ethereum has already a javascript client  

so whats is the advantage of this?

Please provide a link to information about a JavaScript client in Ethereum.

[ttookk]

Hello all,

I mentioned previously that my balance in my accounts are zero, I had a response from somebody but nobody official. I'm concerned as the screenshot above shows to contain a balance.

Would really appreciate it if someone could help me out here.

I'm no official either, but still: The reason the screenshots show balance is because it's a testnet. there is a link to a faucet on the startpage of this thread. You can hit it and have your own testnet-lisk

When exactly the real coins will be issued is not firm, the estimate is april 11th atm.

[tiagoengineer]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes


it's just math.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

[redsn0w]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes


it's just math.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

330k votes but only with/fom 10'000 lisk... I don't think it will be sufficient to be one of the 101 active delegates.

[MalReynolds]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes  ( if he uses 1 lisk he can pick up 33 delegates, so with 4 lisk you can vote 101 delegated).

it's just math.

There is some confusion here between "votes" and "fees to vote".  

The smallest quantity of Lisk that exists is 0.00000001 LISK.  This smallest quantity of Lisk is therefore given a voting weight of 1 vote.  If you have 1 Lisk, your account has the voting power of 1/0.00000001 = 100M votes.  You can give that full voting power of 100M votes to up to 101 delegate candidates all at the same time.

HOWEVER, there is a 1 Lisk fee to cast 33 votes.  Casting votes for 101 delegates (the maximum number you can vote for) will take you four transactions of 33, 33, 33 and 2 votes per transaction and will cost you 4 Lisk total.

So an account with 1 Lisk may have voting power of 100M votes, but it doesn't have enough Lisk to pay the voting fees to vote for any delegate candidate at all.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

No.  You can only vote for a delegate 1 time, period.  If you vote for that candidate a second time, it effectively cancels out your first vote for them.   And votes are not split - Every candidate you vote for gets the full amount of votes in your account.

[Splatters]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes


it's just math.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

yes, please call me when you've finished creating those 10k account with 1 lisk, oh you should consider the fee you will spend sending 1 lisk 10k times....

[tiagoengineer]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes


it's just math.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

yes, please call me when you've finished creating those 10k account with 1 lisk, oh you should consider the fee you will spend sending 1 lisk 10k times....

Im not saying i will do it . But isn't it possible to rig the delegate selecting with this method 

[Deanero]

ttookk,

Thanks for the clarification there.

Muchas gracias

[redsn0w]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes


it's just math.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

yes, please call me when you've finished creating those 10k account with 1 lisk, oh you should consider the fee you will spend sending 1 lisk 10k times....

Im not saying i will do it . But isn't it possible to rig the delegate selecting with this method 

But is is really no-sense , with only 10k lisk of vote power are you sure to be 1 of the 101 delegate ?

[tiagoengineer]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes


it's just math.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

yes, please call me when you've finished creating those 10k account with 1 lisk, oh you should consider the fee you will spend sending 1 lisk 10k times....

Im not saying i will do it . But isn't it possible to rig the delegate selecting with this method 

But is is really no-sense , with only 10k lisk of vote power are you sure to be 1 of the 101 delegate ?

Im just trying to understand the voting/ delegate selection

[blacky90]

but ethereum has already a javascript client  

so whats is the advantage of this?

Please provide a link to information about a JavaScript client in Ethereum.

http://www.newsbtc.com/2016/04/01/microsoft-adds-ethereum-solidity-dapp-visual-studio/

[Splatters]

"One vote equals 0.00000001 LISK, and a user can only vote with his entire LISK balance. One vote costs the user 1 LISK and he can vote for 33 delegates in one go"

So does this mean if you have a balance of say 10,000 LISK you can vote 10,000 times? 1 LISK = 1 VOTE?

1 lisk = 33 votes

10'000 lisk = 330000 votes


it's just math.

You cant vote for the same delegate twice with a single account. So the most votes you can give one delegate is 33 with one account.  If you were to create 10,000 accounts with 1 lisk balance. You can give a specific delegate 330,000 votes.
is that correct?

yes, please call me when you've finished creating those 10k account with 1 lisk, oh you should consider the fee you will spend sending 1 lisk 10k times....

Im not saying i will do it . But isn't it possible to rig the delegate selecting with this method  

But is is really no-sense , with only 10k lisk of vote power are you sure to be 1 of the 101 delegate ?

if you create 10k account with one lisk, you can vote the same person only 10k times not 330k times. with a total weight of 10k lisk, so just like you're voting him once from a 10k lisk wallet.
With 10k account with 1 lisk each you can vote 330k DIFFERENT delegate. Not 330k to a specific delegate. You need 330k address if you want to that.