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

[cryptonikus]

Lisk CEO, Max Kordek says many cryptocurrencies out there are just ‘coins,’ circulating in a dead network solving no problem.
“I can't speak for every cryptocurrency but many never had any bigger goal, target market, or use in mind,” he said via email. “However, even projects with a great vision have problems (failure rate for regular startups is about 90%. In the Blockchain industry this number is probably bigger). I think the biggest mistake everyone has is to solve everything at once and trying to implement dozens of different features. It's a marathon. I don't think within the next 12-18 months we will see major adoption cycles. It takes time to build the foundation, then it takes time to build a good product, then it takes time to design a great UX, and maybe then you can expect hundred of thousands of users. Not before. So staying in the game for a long time and being consistent. This is key for me.”

Beautiful. Seriously.

[SanFrancisco]

Next week devs will get a part of ICO fund (100k $)
so we can expect faster progress in development.  

Things are not so bad as looking,
just calm down, and wait for things to happen

I don't know how can we tell people to be calm and wait, when it's been already so many months with the coin's price flatlined.

@homoluluboy: Crying again? Better take your pills.

[punkrock]

Summary Part II - Lisk Community Meeting - August, 27th 2016



Joel added all questions our community asked Max on the meeting this weekend.

Here you go!

P.S.: If you are bored and want to shoot at some Ethereums, go here.

[bbc.reporter]

Lisk CEO, Max Kordek says many cryptocurrencies out there are just ‘coins,’ circulating in a dead network solving no problem.
“I can't speak for every cryptocurrency but many never had any bigger goal, target market, or use in mind,” he said via email. “However, even projects with a great vision have problems (failure rate for regular startups is about 90%. In the Blockchain industry this number is probably bigger). I think the biggest mistake everyone has is to solve everything at once and trying to implement dozens of different features. It's a marathon. I don't think within the next 12-18 months we will see major adoption cycles. It takes time to build the foundation, then it takes time to build a good product, then it takes time to design a great UX, and maybe then you can expect hundred of thousands of users. Not before. So staying in the game for a long time and being consistent. This is key for me.”

Nice post but it does not reflect on the price. There is no buyer confidence in LSK now that there is a whale who put big sell walls discouraging the buyers. If this keeps up for months then expect to see more dumping and price falls. Also no one really knows who the whale is or what his motives are and that makes him really dangerous.

[Golftech]

Lisk CEO, Max Kordek says many cryptocurrencies out there are just ‘coins,’ circulating in a dead network solving no problem.
“I can't speak for every cryptocurrency but many never had any bigger goal, target market, or use in mind,” he said via email. “However, even projects with a great vision have problems (failure rate for regular startups is about 90%. In the Blockchain industry this number is probably bigger). I think the biggest mistake everyone has is to solve everything at once and trying to implement dozens of different features. It's a marathon. I don't think within the next 12-18 months we will see major adoption cycles. It takes time to build the foundation, then it takes time to build a good product, then it takes time to design a great UX, and maybe then you can expect hundred of thousands of users. Not before. So staying in the game for a long time and being consistent. This is key for me.”

Nice post but it does not reflect on the price. There is no buyer confidence in LSK now that there is a whale who put big sell walls discouraging the buyers. If this keeps up for months then expect to see more dumping and price falls. Also no one really knows who the whale is or what his motives are and that makes him really dangerous.

and that's really a big problem especially to us who can only hold a little and be scare when price showed dump, hope this whale help the community to gain not to create more panic and shake from this project. lsk is a good project to hold.

[PimpingSincePimping]

Lisk CEO, Max Kordek says many cryptocurrencies out there are just ‘coins,’ circulating in a dead network solving no problem.
“I can't speak for every cryptocurrency but many never had any bigger goal, target market, or use in mind,” he said via email. “However, even projects with a great vision have problems (failure rate for regular startups is about 90%. In the Blockchain industry this number is probably bigger). I think the biggest mistake everyone has is to solve everything at once and trying to implement dozens of different features. It's a marathon. I don't think within the next 12-18 months we will see major adoption cycles. It takes time to build the foundation, then it takes time to build a good product, then it takes time to design a great UX, and maybe then you can expect hundred of thousands of users. Not before. So staying in the game for a long time and being consistent. This is key for me.”

Nice post but it does not reflect on the price. There is no buyer confidence in LSK now that there is a whale who put big sell walls discouraging the buyers. If this keeps up for months then expect to see more dumping and price falls. Also no one really knows who the whale is or what his motives are and that makes him really dangerous.

The only thing that is dangerous is your thinking taking up all of your energy. It is quite simple, he had the coins from the start and there has been a couple of move ups and he hasn't sold many if any. Quite clearly a believer in LISK and the future price as well. This time he showed his might was after the mini pump even though he had the coins on there weeks in advance. You mini pimps are putting to much thought into something really simple. EVERY SINGLE COIN HAS WHALES HIS SIZE AND BIGGER. If you don't like it, be the bitch you are and sell, end of story.

[cointabo]

No action in regards of coin price/movement at all since ICO.. Boring investment.

[BitBanksy]

No action in regards of coin price/movement at all since ICO.. Boring investment.

When I participated in the Ethereum ICO, for more than a year I had a useless JSON file seating on my desktop and I often wondered if it was a good investment. At the end, it turned out to be the best investment ever.

LSK is the same, they have a long way to go (development wise) but they will get there! They have an excellent roadmap and a trustworthy team.

If you buy LSK for a quick & short term profit, then you better look elsewhere...The market is full of pump & dump dead coins... But if you are willing to wait and let the team work at their pace, then trust me you won't regret it.

[TechSharesteam]

At least,it is better than the "most" biggest ICO - - - DAO.

[LiskHQ]

Next week devs will get a part of ICO fund (100k $)
so we can expect faster progress in development.  

Things are not so bad as looking,
just calm down, and wait for things to happen

Does this funds for next development or it is paid for what have been developed till now. If this is for next phase development than price may rise.  

During the meeting, I recall Max saying that it will be enough for the next 5 months.

Yeah,sweet, he said 100k should be enough for 2-3 months:  

 ...."Next week however, we will get a part of the funds (around $100,000) so that we can start to hire more people, a new PR agency, rent a second office room, and so on. The funds will be sufficient for 2–3 months easily."

40-50k a month? wow.

Just to give some sort of reference:

Ethereum monthly expense peaked at 400k euro per month in 2015.  They have cut it down to 175k euro per month in 2016

https://blog.ethereum.org/2016/01/07/2394/

Easily. We used the same amount of funds ($100k) in the last 8 months. Obviously salaries will play a big role, they are the biggest cost factor.

They already told that they won't be dumping any crypto

So iconomi crowdfunding now and they already got 400 000 lisk. Hope they not dumping it all after the crowdfund. Max is an escrow for them. Any thoughts on this?

They are not going to dump it. Else I wouldn't have accepted being the escrow partner.

[Medow]

Would be much better with dates...
Without the timescale it's rather useless imo, since you can do it forever (like waves team)

I agree with you and sold all my LISK lastnight at 53k after seeing a road map I could have put together over dinner. Disappointed in this so far. I may return when we're at 42k this or next week.

"42k this or next week. "

Do you get a good internet connection living under that bridge?

For the record, the Roadmap did have me like "M'eh"  But the price wont fall much below 50k now. 
This is accumulation time, next pump will take Lisk over 60k easy. Then make 60k new floor.

No my internet won't allow me on for days at a time but when it does I like to come and see whats up, so what's up? Bet your loving the new floor at 60k right? Now to figure where I want to rebuy, prolly 42k like I said, maybe 37k would be better, what do you think anymore smart ass new floor comments?

[cryptonikus]

Hey guys, I just remembered there should have been blog post about Max travels to China. He wrote that he needs to send it to chinese people to check it before he can release it. Did it happen? Was blog posted or are we still waiting? I would like to read it. Thanx

[buy4crypto]

Accumulation on LSK the past few weeks has been picking up pace. Every time the volume drops the price slowly creeps up. The best part about it is you don't hear anything about LSK in polo trade boxes or elsewhere right now. Safe to say a lot of swing traders are taking advantage of the over all bullish momentum building in the crypto space. If you notice alt coins across the board have been increasing in value as they did in the first big bitcoin bull run.

Exciting times ahead indeed.

[amnesiac]

Hey guys, I just remembered there should have been blog post about Max travels to China. He wrote that he needs to send it to chinese people to check it before he can release it. Did it happen? Was blog posted or are we still waiting? I would like to read it. Thanx

I was wondering the same.

[gnargnar]

Accumulation on LSK the past few weeks has been picking up pace. Every time the volume drops the price slowly creeps up. The best part about it is you don't hear anything about LSK in polo trade boxes or elsewhere right now. Safe to say a lot of swing traders are taking advantage of the over all bullish momentum building in the crypto space. If you notice alt coins across the board have been increasing in value as they did in the first big bitcoin bull run.

Exciting times ahead indeed.

was noticing the same 

[Leprikon]

Any news about forging? Just too lazy to read last 10 pages

[varyspro]

No action in regards of coin price/movement at all since ICO.. Boring investment.

It was x10-x6 at the start lol. It's time to buy cheap coins. It's time of accumulation.

[SanFrancisco]

@homoluluboy: Crying again? Better take your pills.

What the fuck did you just fucking say about me, you little bitch? [blubblbubb...]

So, you can do copy/paste. What else? Tie up your shoes? No. I bet your wear shoes with velcro, don't ya?

[Bl4ckw00d]

Lots of walls and attempts at price control.  Just hang tight ladies and gentleman.

[realm]

Lots of walls and attempts at price control.  Just hang tight ladies and gentleman.

This dude is persistent as hell