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

[punkrock]

NEW TESTNET UPGRADE AVAILABLE!

0.5.0g is now available for the testnet: https://downloads.lisk.io/lisk/test/0.5.0g

This new release candidate fixes the broadhash reliability and auto recovery problems encountered in 0.5.0f.

All changes pushed and tagged to GitHub.

Note: The minVersion setting is configured for only 0.5.0g, therefore you will need to update immediately in order to remain on the same chain.

Votes are left in place.

Thanks

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[spendawgs]

We are now going from dumping with no new coins being produced to dumping with 15%/year inflation.
Neat.
 

Does sound really crazy if that is the case, how could this turn out to be anything good?

How i see it we are going from closed alpha to open beta. When will people start to understand that Lisk is a startup that developes a product initial investors believed in.
As a result the team has money to develop for:

1. A long and constant time
2. can hire hire many and expensive Developer.

Bonus-> Bitcoin the team holds doubled since , so we have double the capacity.

So we have ~ 11 million dollar. Given a 10 years constant foundation work, they can work with a 1,1 million dollar every year.

Using 80% for salary they can they can pay of ~ 10 highpayed top Tier developer for 10 years. This project is safe regardless what is happening right now.

Who does not see this is rather blind or jealous.

When money is not the  problem eventually every startup will transform into something fitting.

Incredibly well said!!

[Topknotbam]

I read that tomorrow lisk will start the community forging, do you think this will help price go up or 'cause the lisk dumped by delegates it will go even lower?

only some delegates will dump lisk

[spendawgs]

This will bring far more interest to lisk because people can make money from it. Any news on mainchain stabilization?  I see on github that we are back down to 91% now, of course its a big job and i understand that its not going to happen right away. This is so exciting, i have a couple of Daap ideas but im not a programmer. Hopefully the finished product will be easy to learn. If not i may have to pay someone

[spendawgs]

We are now going from dumping with no new coins being produced to dumping with 15%/year inflation.
Neat.
 

Hey there, have you purchased ine of these physical btc? They look really cool

[dbstmddhks]

The movement of community and price is interesting.

Cheer up!

From wan.

[Number 1]

Had 800,000 Lisk put 90% into the Ark TEC. Now have around 100k. Expecting a pump with launch of forging and access of Lisk ICO funds. However, what are my options to invest in a delegate. I don't think I have adequate hardware or Linux knowledge to forge myself.

[Ullukapatha]

lisk will be below ICO price. As soon as forging is enabled there will be a huge dump in exchanges.

[Number 1]

lisk will be below ICO price. As soon as forging is enabled there will be a huge dump in exchanges.

I have to disagree. Beginning of forging means access to the 15,000 BTC raised in the ICO. That's 11 million USD by today's Bitcoin rates. The ICO funds have been held in escrow until commencement of forging. Do you really think that Max and the team haven't other news to announce on access to this amount of money. Not for profit corporation plans, developer hire. As of tomorrow and community forging this 15 million becomes a liquid asset!

[szafa]

Ico funds will be used to buy lisk other way lisk dump.

[spendawgs]

lisk will be below ICO price. As soon as forging is enabled there will be a huge dump in exchanges.

I have to disagree. Beginning of forging means access to the 15,000 BTC raised in the ICO. That's 11 million USD by today's Bitcoin rates. The ICO funds have been held in escrow until commencement of forging. Do you really think that Max and the team haven't other news to announce on access to this amount of money. Not for profit corporation plans, developer hire. As of tomorrow and community forging this 15 million becomes a liquid asset!

Hi there, im not doubting what your saying about the team having access to the funds when forging starts. But, i haven't read that anywhere.. maybe i missed it. Are you sure about this?

[Splatters]

100% milestone almost reached!! moon soon! great work lisk!

[Vega]

Hi there, im not doubting what your saying about the team having access to the funds when forging starts. But, i haven't read that anywhere.. maybe i missed it. Are you sure about this?

I still think this is just based on a misinterpretation that has been repeated so many times that it became a common mistake.

They could access ICO funds ever since they launched main net. This is supported by the fact that they did actually get out some money out of escrow a few months ago. They simply choose to leave the left of the money in because anything that they touch without being directly poured into a nonprofit foundation will be taxed harshly.

Hopefully that will happen soon, MME should take care of that. Either way I think at this point of time it's meaningless, so I didn't bother to ask at the last community meeting.

But neverless I still stand by my interpretation.

I think some of this confusion comes from this quote that has been misunderstood.

...
In terms of the ICO funds that means they have to flow directly into the company itself. I.e. we are not allowed to lay a finger on them for even one second. However, this is not a problem!
...


https://blog.lisk.io/lisk-community-meeting-summary-june-11th-50dcadd41fef#.lf413d603

I think Max just meant that they are not allowed to lay a finger on it or be taxed, not not lay a finger on it because of escrow terms.

From part II of ICO terms:

The Lisk team won’t have access to any funds at all, until the Lisk mainnet is launched successfully.

https://blog.lisk.io/lisk-ico-terms-part-ii-3b50ab74c9b6

From part III of ICO terms:

All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition.

https://blog.lisk.io/lisk-ico-terms-part-iii-604e55ad0102#.y0zu7djab

So the intent of escrow terms was clear.

There is also a fact that every time a genesis delegate signs a block it's log has a line like this:

Forged new block id: height: X round: X slot: X reward: 0

And that's pretty much counts as forging in my book. Forging means signing a block. Who does it and if it has a block reward is meaningless in this context.

[dranster]

Lisk great buy at current prices

Lots of good news coming up soon

We're hitting 30000 sats soon I believe.

[Ankara]

Lisk great buy at current prices

Lots of good news coming up soon

We're hitting 30000 sats soon I believe.

If you really believed that then you wouldn't broadcast it, you would buy as much as you could for the 30ksat. It's only downhill from here I'm afraid.

[Reavon]

Lisk great buy at current prices

Lots of good news coming up soon

We're hitting 30000 sats soon I believe.

If you really believed that then you wouldn't broadcast it, you would buy as much as you could for the 30ksat. It's only downhill from here I'm afraid.

Maybe he already did ...

[HelioHash]

Less than 20 hours till forging start . Cheers  

[Number 1]

Hi there, im not doubting what your saying about the team having access to the funds when forging starts. But, i haven't read that anywhere.. maybe i missed it. Are you sure about this?

I still think this is just based on a misinterpretation that has been repeated so many times that it became a common mistake.

They could access ICO funds ever since they launched main net. This is supported by the fact that they did actually get out some money out of escrow a few months ago. They simply choose to leave the left of the money in because anything that they touch without being directly poured into a nonprofit foundation will be taxed harshly.

Hopefully that will happen soon, MME should take care of that. Either way I think at this point of time it's meaningless, so I didn't bother to ask at the last community meeting.

But neverless I still stand by my interpretation.

I think some of this confusion comes from this quote that has been misunderstood.

...
In terms of the ICO funds that means they have to flow directly into the company itself. I.e. we are not allowed to lay a finger on them for even one second. However, this is not a problem!
...


https://blog.lisk.io/lisk-community-meeting-summary-june-11th-50dcadd41fef#.lf413d603

I think Max just meant that they are not allowed to lay a finger on it or be taxed, not not lay a finger on it because of escrow terms.

From part II of ICO terms:

The Lisk team won’t have access to any funds at all, until the Lisk mainnet is launched successfully.

https://blog.lisk.io/lisk-ico-terms-part-ii-3b50ab74c9b6

From part III of ICO terms:

All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition.

https://blog.lisk.io/lisk-ico-terms-part-iii-604e55ad0102#.y0zu7djab

So the intent of escrow terms was clear.

There is also a fact that every time a genesis delegate signs a block it's log has a line like this:

Forged new block id: height: X round: X slot: X reward: 0

And that's pretty much counts as forging in my book. Forging means signing a block. Who does it and if it has a block reward is meaningless in this context.

Here's the original post regarding ICO terms and ICO escrow in the Lisk Blog

https://blog.lisk.io/lisk-ico-terms-25ca3ecd5a4d#.iu1377gvh

It goes as far as to say:
"All BTC will directly go into a 2-of-3 multi-signature Coinbase vault. That means the money can only be withdrawn if two of the three signees agree.
Therefore we have partnered up with two trusted and reputable individuals who will get one key to the multi-signature vault each.
Axel Hellinger alias iudica, German Lawyer at Kanzlei Hellinger
Paul Klanschek alias TwinWinNerD, CEO of Coinimal

Please be aware that both are independent escrow partners, Coinimal as a company is not involved in this partnership
All collected funds (BTC and XCR) will be paid out, once the Lisk network has forged its first blocks successfully. Both escrow partners have agreed to this condition."

That's good enough for me to assume that access to $11 million USD ICO funds begins on forging tomorrow!

[sidharta]

Hello guys

Is it possible that someone can do a List where i can see all the Delegates names who share their Liskincome with their voters?
It would be great if someone could do that.

Peace!

[cc001]

Lisk Community Forging starting soon!!

Check out the countdown!

http://www.liskdelegate.io/#countdown