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

[CryptoMaik]

The LISK delegate system is a little bit unfair..

What do you think?

Lisk delegate owners can continue to vote on own delegate servers (with different wallets ), and because they get forging reward they can use some of it for votes. As a result, they are at a given time no more to beat.

So the rich become richer...and about a few years they control the 101 delegates. am honest, what are 101 server now worldwide, that means nothing, which is not even one per country!

Like always... this is how a DPoS algo/system works, if someone will buy a lot of lisk they can setup his own 101 delegates and start to forging.

You can't block him .

And 101 delegate servers is not decentralized, we own a hosting company and with almost 0 costs we can start 300 independent delegates in 6 hours...

We do not have sufficient Lisk to vote and start our own delegate server, but otherwise we were able to control the 101 network from the early beginning.

and if we technically can do this  ... others with enough LISK ico, will surely run this scenario.

You certainly don't understand the system. You can't "continue to vote on own delegate servers". 1 LSK is 1 vote, you can also only give a vote once to the same delegate. The normal PoS is a "rich get a little bit richer" system, DPoS is a "popular people who provide a great node and have great initiatives get the chance to use their funds" system.

Read this: https://lisk.io/documentation?i=lisk-handbooks/DelegateHandbook


Thanks.

I understand that i cannot vote 10 times from one wallet.

Okay, and what for example i own 100 wallets, each balance of 1 LSK (different IP address is no problem)? Than i can vote 100x on the same delegate?

[1715292565]

1715292565

[1715292565]

1715292565

[ParabolicMaster]

For another view on the price.

The following is a list of fees for different types of transactions:

0.1 LISK of amount sent for a spend transaction
5 LISK for registering a second passphrase
100 LISK for registering a username
100 LISK for registering as a delegate
1 LISK to add a contact
500 LISK to register a dapp
5 LISK per member for registering a multi-signature group.

That means, if lisk hit 5usd/1 lisk Then it would cost 2500 to register a dapp on the blockchain.
That means, if lisk hit 10usd/1 lisk Then it would cost 5000usd to register a dapp on the blockchain.
That means, if lisk hit 25usd/1 lisk Then it would cost 12500usd to register a dapp on the blockchain.

How many developers of dapps are willing to pay those prices?

If lisk should fly, and get big over time, either these prices should be adjusted, or the price of lisk should be low.
I hope the developers will lower these prices though. Because it would give better value for the developers to get into lisk. And will get the price to go up for the investors.

Im an investor my self, and want all the best for lisk. But we need to have a realistic view on these things

[LiskHQ]

The LISK delegate system is a little bit unfair..

What do you think?

Lisk delegate owners can continue to vote on own delegate servers (with different wallets ), and because they get forging reward they can use some of it for votes. As a result, they are at a given time no more to beat.

So the rich become richer...and about a few years they control the 101 delegates. am honest, what are 101 server now worldwide, that means nothing, which is not even one per country!

Like always... this is how a DPoS algo/system works, if someone will buy a lot of lisk they can setup his own 101 delegates and start to forging.

You can't block him .

And 101 delegate servers is not decentralized, we own a hosting company and with almost 0 costs we can start 300 independent delegates in 6 hours...

We do not have sufficient Lisk to vote and start our own delegate server, but otherwise we were able to control the 101 network from the early beginning.

and if we technically can do this  ... others with enough LISK ico, will surely run this scenario.

You certainly don't understand the system. You can't "continue to vote on own delegate servers". 1 LSK is 1 vote, you can also only give a vote once to the same delegate. The normal PoS is a "rich get a little bit richer" system, DPoS is a "popular people who provide a great node and have great initiatives get the chance to use their funds" system.

Read this: https://lisk.io/documentation?i=lisk-handbooks/DelegateHandbook


Thanks.

I understand that i cannot vote 10 times from one wallet.

Okay, and what for example i own 100 wallets, each balance of 1 LSK (different IP address is no problem)? Than i can vote 100x on the same delegate?

100 wallets with 1 LSK each: You have 100 votes

1 wallet with 100 LSK each: You have 100 votes


Exactly the same. But in the case of 100 different wallets you will have to pay the vote fee 100x.

For another view on the price.

The following is a list of fees for different types of transactions:

0.1 LISK of amount sent for a spend transaction
5 LISK for registering a second passphrase
100 LISK for registering a username
100 LISK for registering as a delegate
1 LISK to add a contact
500 LISK to register a dapp
5 LISK per member for registering a multi-signature group.

That means, if lisk hit 5usd/1 lisk Then it would cost 2500 to register a dapp on the blockchain.
That means, if lisk hit 10usd/1 lisk Then it would cost 5000usd to register a dapp on the blockchain.
That means, if lisk hit 25usd/1 lisk Then it would cost 12500usd to register a dapp on the blockchain.

How many developers of dapps are willing to pay those prices?

If lisk should fly, and get big over time, either these prices should be adjusted, or the price of lisk should be low.
I hope the developers will lower these prices though. Because it would give better value for the developers to get into lisk. And will get the price to go up for the investors.

Im an investor my self, and want all the best for lisk. But we need to have a realistic view on these things

Fees can and will be changed down the road. They will also be lowered at launch.

is it true max kordek is planning a new project with the DOA ?

I just stated that there is a big possibility we will work on a DAO (or something similar/better) down the road. Right now it's all Lisk core.

[vlom]

For another view on the price.

The following is a list of fees for different types of transactions:

0.1 LISK of amount sent for a spend transaction
5 LISK for registering a second passphrase
100 LISK for registering a username
100 LISK for registering as a delegate
1 LISK to add a contact
500 LISK to register a dapp
5 LISK per member for registering a multi-signature group.

That means, if lisk hit 5usd/1 lisk Then it would cost 2500 to register a dapp on the blockchain.
That means, if lisk hit 10usd/1 lisk Then it would cost 5000usd to register a dapp on the blockchain.
That means, if lisk hit 25usd/1 lisk Then it would cost 12500usd to register a dapp on the blockchain.

How many developers of dapps are willing to pay those prices?

If lisk should fly, and get big over time, either these prices should be adjusted, or the price of lisk should be low.
I hope the developers will lower these prices though. Because it would give better value for the developers to get into lisk. And will get the price to go up for the investors.

Im an investor my self, and want all the best for lisk. But we need to have a realistic view on these things

that is true. there will be a maximum price in the future because of this. eth has the same problem. if the price per eth is over 10$ then it is too expensive to use it.

@devs: what do you think about that?

Fees can and will be changed down the road. They will also be lowered at launch.

the answer was posted while i was writing.

[ParabolicMaster]

The LISK delegate system is a little bit unfair..

For another view on the price.

The following is a list of fees for different types of transactions:

0.1 LISK of amount sent for a spend transaction
5 LISK for registering a second passphrase
100 LISK for registering a username
100 LISK for registering as a delegate
1 LISK to add a contact
500 LISK to register a dapp
5 LISK per member for registering a multi-signature group.

That means, if lisk hit 5usd/1 lisk Then it would cost 2500 to register a dapp on the blockchain.
That means, if lisk hit 10usd/1 lisk Then it would cost 5000usd to register a dapp on the blockchain.
That means, if lisk hit 25usd/1 lisk Then it would cost 12500usd to register a dapp on the blockchain.

How many developers of dapps are willing to pay those prices?

If lisk should fly, and get big over time, either these prices should be adjusted, or the price of lisk should be low.
I hope the developers will lower these prices though. Because it would give better value for the developers to get into lisk. And will get the price to go up for the investors.

Im an investor my self, and want all the best for lisk. But we need to have a realistic view on these things

Fees can and will be changed down the road. They will also be lowered at launch.

Thanks for the answer, thatsNICE! That would give the lisk projcet much more value!

You have an idea of the prices on launch?

[Nefritox]

The LISK delegate system is a little bit unfair..

What do you think?

Lisk delegate owners can continue to vote on own delegate servers (with different wallets ), and because they get forging reward they can use some of it for votes. As a result, they are at a given time no more to beat.

So the rich become richer...and about a few years they control the 101 delegates. am honest, what are 101 server now worldwide, that means nothing, which is not even one per country!

Like always... this is how a DPoS algo/system works, if someone will buy a lot of lisk they can setup his own 101 delegates and start to forging.

You can't block him .

And 101 delegate servers is not decentralized, we own a hosting company and with almost 0 costs we can start 300 independent delegates in 6 hours...

We do not have sufficient Lisk to vote and start our own delegate server, but otherwise we were able to control the 101 network from the early beginning.

and if we technically can do this  ... others with enough LISK ico, will surely run this scenario.

You certainly don't understand the system. You can't "continue to vote on own delegate servers". 1 LSK is 1 vote, you can also only give a vote once to the same delegate. The normal PoS is a "rich get a little bit richer" system, DPoS is a "popular people who provide a great node and have great initiatives get the chance to use their funds" system.

Read this: https://lisk.io/documentation?i=lisk-handbooks/DelegateHandbook


Thanks.

an other question.

i voted for delegate A. a few weeks later i think delegate A is rubbish. what can i do?
can i make a vote disappear? and give it to delegate B afterwards?

of course ! You always can take one vote from delegate A and give it to B. Only problem is that you need to pay transaction fee i guess.

[maxiat]

Lisk will fluctuate in the range of 0,003 to 0,020 btc.

Exactly !!! 

[Batmanvsduecare]

Until now you people are only being manipulated by the Yobit prices. Yobit doesn't have a single Lisk and on the launch day they will try to by the lisks they sold at a cheaper price, so they will drive the prices down not up for their own benefit.
Yobit had no business trading Lisk when it was not launched, what if there is a problem and the delay is for another 2-3 months ? WHat if the developpers have a big fight and put everything on hold ? what if there is a hack attack ? Yobit took a big risk and they are hurting Lisk more than you think.

[fuze0000]

The LISK delegate system is a little bit unfair..

What do you think?

Lisk delegate owners can continue to vote on own delegate servers (with different wallets ), and because they get forging reward they can use some of it for votes. As a result, they are at a given time no more to beat.

So the rich become richer...and about a few years they control the 101 delegates. am honest, what are 101 server now worldwide, that means nothing, which is not even one per country!

Like always... this is how a DPoS algo/system works, if someone will buy a lot of lisk they can setup his own 101 delegates and start to forging.

You can't block him .

And 101 delegate servers is not decentralized, we own a hosting company and with almost 0 costs we can start 300 independent delegates in 6 hours...

We do not have sufficient Lisk to vote and start our own delegate server, but otherwise we were able to control the 101 network from the early beginning.

and if we technically can do this  ... others with enough LISK ico, will surely run this scenario.

You certainly don't understand the system. You can't "continue to vote on own delegate servers". 1 LSK is 1 vote, you can also only give a vote once to the same delegate. The normal PoS is a "rich get a little bit richer" system, DPoS is a "popular people who provide a great node and have great initiatives get the chance to use their funds" system.

Read this: https://lisk.io/documentation?i=lisk-handbooks/DelegateHandbook


Thanks.

I understand that i cannot vote 10 times from one wallet.

Okay, and what for example i own 100 wallets, each balance of 1 LSK (different IP address is no problem)? Than i can vote 100x on the same delegate?

100 wallets with 1 LSK each: You have 100 votes

1 wallet with 100 LSK each: You have 100 votes


Exactly the same. But in the case of 100 different wallets you will have to pay the vote fee 100x.

For another view on the price.

The following is a list of fees for different types of transactions:

0.1 LISK of amount sent for a spend transaction
5 LISK for registering a second passphrase
100 LISK for registering a username
100 LISK for registering as a delegate
1 LISK to add a contact
500 LISK to register a dapp
5 LISK per member for registering a multi-signature group.

That means, if lisk hit 5usd/1 lisk Then it would cost 2500 to register a dapp on the blockchain.
That means, if lisk hit 10usd/1 lisk Then it would cost 5000usd to register a dapp on the blockchain.
That means, if lisk hit 25usd/1 lisk Then it would cost 12500usd to register a dapp on the blockchain.

How many developers of dapps are willing to pay those prices?

If lisk should fly, and get big over time, either these prices should be adjusted, or the price of lisk should be low.
I hope the developers will lower these prices though. Because it would give better value for the developers to get into lisk. And will get the price to go up for the investors.

Im an investor my self, and want all the best for lisk. But we need to have a realistic view on these things

Fees can and will be changed down the road. They will also be lowered at launch.

is it true max kordek is planning a new project with the DOA ?

I just stated that there is a big possibility we will work on a DAO (or something similar/better) down the road. Right now it's all Lisk core.

I would be willing to sponsor anyone that would need the 500 LSK to register a Blockchain application aka (baap)/decentralized application aka (dapp) in return to own a percentage of the bapp/dapp they have created.

I will be an investor waiting to register bapps / dapps for a consistent percentage from the developer.

This is just how business works.
The lisk team did the ico to raise fund in return we will receive LSK.
I will be a Lisk bapp/dapps investor to any that can't afford to register them in the future!  Send me a PM if you need funding to register you bapp/dapp.

[ParabolicMaster]

Until now you people are only being manipulated by the Yobit prices. Yobit doesn't have a single Lisk and on the launch day they will try to by the lisks they sold at a cheaper price, so they will drive the prices down not up for their own benefit.
Yobit had no business trading Lisk when it was not launched, what if there is a problem and the delay is for another 2-3 months ? WHat if the developpers have a big fight and put everything on hold ? what if there is a hack attack ? Yobit took a big risk and they are hurting Lisk more than you think.

I do think they bought lisk at presale, and have them. They will transfer as soon as lisk are launched.

So i dont see this a problem. But i agree on the price on yobit is way overprices. But we will see in two days

[ParabolicMaster]

When LISK "launches", how do you get yor LISK? Can you send it directly from LISK homepage to whatever adress you want? Do you first have to dl a wallet and access your LISK there?

There is a description on their webpage. lisk.io

You will need to download a wallet, and transfer the lisk from there to the exchange. If that is what you want to do.

[LiskHQ]

When LISK "launches", how do you get yor LISK? Can you send it directly from LISK homepage to whatever adress you want? Do you first have to dl a wallet and access your LISK there?

There is a description on their webpage. lisk.io

You will need to download a wallet, and transfer the lisk from there to the exchange. If that is what you want to do.

We will also release a guide tomorrow.

[fuze0000]

I would be willing to sponsor anyone that would need the 500 LSK to register a Blockchain application aka (baap)/decentralized application aka (dapp) in return to own a percentage of the bapp/dapp they have created.

I will be an investor waiting to register bapps / dapps for a consistent percentage from the developer.

This is just how business works.
The lisk team did the ico to raise fund in return we will receive LSK.
I will be a Lisk bapp/dapps investor to any that can't afford to register them in the future!  Send me a PM if you need funding to register you bapp/dapp.

Go LSK Go!

The future will be exciting from here on out!

[ParabolicMaster]

I would be willing to sponsor anyone that would need the 500 LSK to register a Blockchain application aka (baap)/decentralized application aka (dapp) in return to own a percentage of the bapp/dapp they have created.

I will be an investor waiting to register bapps / dapps for a consistent percentage from the developer.

This is just how business works.
The lisk team did the ico to raise fund in return we will receive LSK.
I will be a Lisk bapp/dapps investor to any that can't afford to register them in the future!  Send me a PM if you need funding to register you bapp/dapp.

Yeah i think many would be helpfull that way.
But if they dont know where to find the investors or they think its an idea they will just try off, many would back off if the price gets to high.
In java, we have MANY developers. And we need as many as possible to do Bapps, thats why the price shouldnt be too high.

We might see the next facebook on a bapp, if we dont shut them out by charging to high fees

[mr angry]

Until now you people are only being manipulated by the Yobit prices. Yobit doesn't have a single Lisk and on the launch day they will try to by the lisks they sold at a cheaper price, so they will drive the prices down not up for their own benefit.
Yobit had no business trading Lisk when it was not launched, what if there is a problem and the delay is for another 2-3 months ? WHat if the developpers have a big fight and put everything on hold ? what if there is a hack attack ? Yobit took a big risk and they are hurting Lisk more than you think.

What other exchanges besides yobit and c-cex have said they will have Lisk markets on launch day?

If there are no others yobit could manipulate the price, but if better exchanges also have Lisk markets there's not much yobit could do to manipulate the price.

[$dakini]

Until now you people are only being manipulated by the Yobit prices. Yobit doesn't have a single Lisk and on the launch day they will try to by the lisks they sold at a cheaper price, so they will drive the prices down not up for their own benefit.
Yobit had no business trading Lisk when it was not launched, what if there is a problem and the delay is for another 2-3 months ? WHat if the developpers have a big fight and put everything on hold ? what if there is a hack attack ? Yobit took a big risk and they are hurting Lisk more than you think.

What other exchanges besides yobit and c-cex have said they will have Lisk markets on launch day?

If there are no others yobit could manipulate the price, but if better exchanges also have Lisk markets there's not much yobit could do to manipulate the price.

I am sure bittrex and polo wouldnt want to lose out on the opportunity to make some nice amount. 

[LiskYork]

http://cointelegraph.com/news/lisk-to-move-developers-from-blockchain-to-sidechain

[ImI]

Hi folks,

i am selling some of my LISK for $1.11

https://bitcointalk.org/index.php?topic=1481209.0

Contact me if interested!

Cheers!

ImI

[pikkie]

go lisk gooo !!! 

[chickenfried12]

http://cointelegraph.com/news/lisk-to-move-developers-from-blockchain-to-sidechain

   Very Nice Article about Lisk and Sidechains!!!