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

[raphma]

A good indicator is the buy side of Poloniex. It has doubled in the past week which means more buyers are entering. More good news will mean even more buyers

and we were in a downtrend but now the new trend is clearly up.

[bandofgypsys]

@dleader. Not just that. Look at the movement of the price. It is very stable with consistent bidders and buyers. The support really is looking good and it is also not being pumped by the whales and them trying to play with the price. Everything is going smoothly.

Agreed. I'm a damn good book reader. Your elusive 1700 btc guy i think is iceberging his stash over the last few days. The 13 btc at 4600 gets refilled as soon as it's bought. And a few other levels get topped up when they are bought.

Only way to combat whales is keep the buy side very thin on the higher levels, put orders in the 3800 range. Whales angle for thick order books they can fat finger.

The momentum looks like FTC three weeks ago:)

[HelioHash]

820 BTC buy wall on Poloniex...
two time biger than 2 weeks ago

Thats a good sign  


I think we will not see LSK anymore below 40k

[Noojna]

Can someone explain me how could sidechains replace ethereum's smart contracts in Lisk?

I think those 2 things are very different. Does this mean that for every Dapp with Lisk one has to download another sidechain blockchain?

[Splatters]

Hope to be right but this price is the lisk floor

[td services]

Can someone explain me how could sidechains replace ethereum's smart contracts in Lisk?

I think those 2 things are very different. Does this mean that for every Dapp with Lisk one has to download another sidechain blockchain?

Lisk blockchain applications are different from Ethereum smart contracts, although Ethereum Virtual Machine (EVM) can run as a Lisk app with its own delegates.

Lisk apps run as sidechains which can receive and send Lisk from a multisig address on the main Lisk chain.

They can use Delegated Proof of Stake like the main Lisk chain, but with their own set of delegates, or they can use a different consensus mechanism.

Whether or not the user of a Lisk blockchain app has to download the sidechain for that app depends on how the developer designs the client and GUI for that app.

[cointrader83]

http://us12.campaign-archive2.com/?u=201693389b5cea4883858163e&id=0275aeeb0a&e=5b82159d82

[Noojna]

Can someone explain me how could sidechains replace ethereum's smart contracts in Lisk?

I think those 2 things are very different. Does this mean that for every Dapp with Lisk one has to download another sidechain blockchain?

Lisk blockchain applications are different from Ethereum smart contracts, although Ethereum Virtual Machine (EVM) can run as a Lisk app with its own delegates.

Lisk apps run as sidechains which can receive and send Lisk from a multisig address on the main Lisk chain.

Thanks for your answer but I don't get it still, and I can't find good detailed info about this:

An ethereum smart contract could be a short piece of Solidity Code, compiled then embedded in the ETH blockchain.  This small piece of code does, say, a simple "Hello World" function.

To make the same simple "Hello World" function in Lisk, I have to create a whole Blockchain and link it to Lisk as a sidechain?

[td services]

Yes. This is why there will be a market for a blockchain app to implement simple smart contracts and other functions which wouldn't really warrant creating a sidechain just to run by themselves. For this reason, Ethereum and Lisk are not really competitors, other than Lisk can run EVM as a blockchain app tied to the main Lisk chain.

[LiskHQ]

Yes. This is why there will be a market for a blockchain app to implement simple smart contracts and other functions which wouldn't really warrant creating a sidechain just to run by themselves. For this reason, Ethereum and Lisk are not really competitors, other than Lisk can run EVM as a blockchain app tied to the main Lisk chain.

You really get it. What helped you the most to understand Lisk?

[charleshoskinson]

My interview on Epicenter Bitcoin https://youtu.be/5040I0PW7rc enjoy everyone

[Noojna]

Yes. This is why there will be a market for a blockchain app to implement simple smart contracts and other functions which wouldn't really warrant creating a sidechain just to run by themselves. For this reason, Ethereum and Lisk are not really competitors, other than Lisk can run EVM as a blockchain app tied to the main Lisk chain.

You really get it. What helped you the most to understand Lisk?

Ok thanks for your clear answer. I don't find this elegant though, as if I am a fan of Lisk, I don't want to have anything to do with Ether,

I guess Lisk should have some kind of catchall sidechain for all small apps and simple smart contracts...

Also say I am a small guy with no big ideas and no desire to invest a lot of energy in this, can I, somehow, still earn Lisk by staking in any way or do I absolutely have to play the whole political game to become a Delegate?

[souljah1h]

My interview on Epicenter Bitcoin https://youtu.be/5040I0PW7rc enjoy everyone

Really liked your interview. Thanks for sharing 

[td services]

Yes. This is why there will be a market for a blockchain app to implement simple smart contracts and other functions which wouldn't really warrant creating a sidechain just to run by themselves. For this reason, Ethereum and Lisk are not really competitors, other than Lisk can run EVM as a blockchain app tied to the main Lisk chain.

You really get it. What helped you the most to understand Lisk?

Ok thanks for your clear answer. I don't find this elegant though, as if I am a fan of Lisk, I don't want to have anything to do with Ether,

I guess Lisk should have some kind of catchall sidechain for all small apps and simple smart contracts...

Also say I am a small guy with no big ideas and no desire to invest a lot of energy in this, can I, somehow, still earn Lisk by staking in any way or do I absolutely have to play the whole political game to become a Delegate?

While there is competition to become a delegate for the main chain, there will be plenty of demand to run delegates for the sidechains.

Running EVM as a blockchain app tied to Lisk is not the same as tying Ethereum directly to Lisk. It is more like forking Ethereum to run as different application for its smart contract functionality to run independently as a Lisk app.

It is also quite possible that someone may develop a GUI to create smart contracts which run on Java Script with a consensus system on a dedicated set of delegates developed for that purpose.

Also, please keep in mind that even with EVM running as a blockchain app on Lisk, any hacks or failures would be confined to that app and would not impact the main Lisk chain or anything else connected to it.

[td services]

My interview on Epicenter Bitcoin https://youtu.be/5040I0PW7rc enjoy everyone

Really liked your interview. Thanks for sharing 

Is Lisk discussed anywhere in it? Don't have time to watch the whole thing, and not at all interested in ETC. Thanks, if you can save me the time, would definitely want to see any discussion on Lisk.

[bandofgypsys]

My interview on Epicenter Bitcoin https://youtu.be/5040I0PW7rc enjoy everyone

Excellent discussion! Man I love crypto.

[Noojna]

While there is competition to become a delegate for the main chain, there will be plenty of demand to run delegates for the sidechains.

Thank you for your answer; however it is earning Lisk I am interested in, and since it's almost impossible to become a delegate of the main Lisk blockchain, can you point me to a sidechain which will allow me to earn Lisk for securing it?

[metropolit]

Is Lisk discussed anywhere in it? Don't have time to watch the whole thing, and not at all interested in ETC. Thanks, if you can save me the time, would definitely want to see any discussion on Lisk.

Second that, im into Lisk and ETH, not really into listening ETC propaganda.

[dleader]

I think if your view of the crypto space isn't so myopic as short term price (1 week time frames) ranges, whether a coin will pump immediately you'd find that the discussion really has to do with the crypto space as a whole. If you have a general understanding of LISK everything they talked about impacts LISK.

The governance, philosophical and intellectual ideas Hoskinson has towards the entire crypto space will directly influence LISK as a senior advisor.

Personally, he very briefly discussed the 'tribes' and factions that have come out of ETC/ETH debate. I immediately thought that in relation to LISK the logo doesn't clearly define an attraction to a certain group of people. I think an overhaul will come, any marketing professional will quickly change the entire marketing look and feel to attract more people adopting a more populous approach.

Hoskinson definitely has a "code is law" bent, which I personally agree with. I think human behaviour even if you do the right thing 99 times out of hundred depending on the mental, physical and overall health of the people involved they can slip up and make bad decisions. The 1 bad choice out of 100 can have massive impacts.  I personally think Vitalik was under a lot of pressure to do the right thing with probably a million voices influencing his decisions.

If Vitalik had left it alone, I am 99% sure a better (moral) hacker would have solved the problem without forking the chain.

If you want, Hoskinson has talked at length about LISK and his reasons for joining. Here: https://www.youtube.com/watch?v=FIMk-A7L8S4

EDIT: at the 32 minute mark, they talk about LISK vis a vis ETH.

But as you'll see in the video it's about the entire space, LISK will be moulded in relation to the entire space and what works best with the team they put together. The best companies solve problems, identifying the need for side chains and other code bases definitely has it's place.

Reading the white paper and listening to different interviews, there are some very smart, talented and well intentioned people on board.

[td services]

While there is competition to become a delegate for the main chain, there will be plenty of demand to run delegates for the sidechains.

Thank you for your answer; however it is earning Lisk I am interested in, and since it's almost impossible to become a delegate of the main Lisk blockchain, can you point me to a sidechain which will allow me to earn Lisk for securing it?

You will probably have to wait a few months for opportunities to run delegates for sidechains. It is a good time to set up a delegate to run on the testnet so you can gain experience. Also, it will depend on the sidechain as to whether they reward delegates in Lisk or their own token, which would need to be exchanged for Lisk or other currency of your choice.