MrPresident
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January 08, 2017, 09:34:44 PM |
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Develop Custom Decentralized Blockchain Applications in JavaScript with LISK! Website | Blog | BTT Thread | Chat - Be part of the decentralized application movement!
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Vega
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January 08, 2017, 09:36:22 PM |
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Sorry, my bad. I'm counting from launching of network. But in fact Ethereum it's also not a good coin. Very spequlating coin with big whales.
On that we agree. But I think this is pretty much true to every single crypto coin in the past and today. I think it will be some years before something other than speculation moves the price of a crypto coin or a project.
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Virtum
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January 08, 2017, 09:45:21 PM |
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And don't you dare compare this lisk with Ethereum.
I didn't. The only other time I mentioned Ethereum in this thread when I compared the inflation rate after the increadible amount of whining about how high lisk inflation is. Ok, compare the inflation of lisk with Ethereum: The maximum amount of ETH will be 103 862 556 ETH year 5189!!! and 159 918 400 LSK year 2025
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Vega
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January 08, 2017, 10:04:55 PM |
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Ok, compare the inflation of lisk with Ethereum: The maximum amount of ETH will be 103 862 556 ETH year 5189!!! and 159 918 400 LSK year 2025
Are you trolling me or are you really utterly incapable of proper research and data processing? First of all the number of coins are meaningless. The only thing matters is inflation percentages. How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now. Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week.
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fantoos
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January 08, 2017, 10:07:42 PM |
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Today price of LSK looks great with other words another opportunity for some people to buy some because now any news or update will push the price further. I have done with Bitcoin now came back to altcoins where LSK is again my top priority to invest some profit in it. Bitcoin begins to scare people with huge increases/decreases in single days.
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Virtum
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January 08, 2017, 10:14:35 PM |
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Ok, compare the inflation of lisk with Ethereum: The maximum amount of ETH will be 103 862 556 ETH year 5189!!! and 159 918 400 LSK year 2025
Are you trolling me or are you really utterly incapable of proper research and data processing? First of all the number of coins are meaningless. The only thing matters is inflation percentages. How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now. Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week. Why you so stupid and not understand elementary things? Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71 Block 5000000, approx ETH supply 98562556, time ' 2025-10-02 11:47:30.658317' blocktime 835.81 Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83 Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19 Lisk total Lisk new Inflation 2016 100000000 15768000 15,77% 2017 115768000 12614400 10,90% 2018 128382400 9460800 7,37% 2019 137843200 6307200 4,58% 2020 144150400 3153600 2,19% 2021 147304000 3153600 2,14% 2022 150457600 3153600 2,10% 2023 153611200 3153600 2,05% 2024 156764800 3153600 2,01% 2025 159918400 3153600 1,97%
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Vega
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January 08, 2017, 10:16:51 PM |
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Why you so stupid and not understand elementary things?
The irony is strong in you. Okay, whatever. You can't convince stupid, and I don't need to.
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punkrock
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January 08, 2017, 10:24:02 PM |
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UPDATE!Every delegate should update his mainnet clients to v0.5.2 as soon as possible!
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BitBanksy
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January 09, 2017, 12:02:25 AM |
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And don't you dare compare this lisk with Ethereum.
That guy is funny wrong thread my friend... just go back to your eth etc or what ever is called now...
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LiskHQ (OP)
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January 09, 2017, 07:32:11 AM Last edit: January 09, 2017, 07:55:08 AM by LiskHQ |
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Ok, compare the inflation of lisk with Ethereum: The maximum amount of ETH will be 103 862 556 ETH year 5189!!! and 159 918 400 LSK year 2025
Are you trolling me or are you really utterly incapable of proper research and data processing? First of all the number of coins are meaningless. The only thing matters is inflation percentages. How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now. Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week. Why you so stupid and not understand elementary things? Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71 Block 5000000, approx ETH supply 98562556, time ' 2025-10-02 11:47:30.658317' blocktime 835.81 Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83 Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19 Lisk total Lisk new Inflation 2016 100000000 15768000 15,77% 2017 115768000 12614400 10,90% 2018 128382400 9460800 7,37% 2019 137843200 6307200 4,58% 2020 144150400 3153600 2,19% 2021 147304000 3153600 2,14% 2022 150457600 3153600 2,10% 2023 153611200 3153600 2,05% 2024 156764800 3153600 2,01% 2025 159918400 3153600 1,97% It seems you got the % inflation of Lisk right, here you can see the % inflation of Ethereum: https://docs.google.com/spreadsheets/d/150B9eytmjZ642tYD0jSdFZQHldmk7VG5Wm3KVctydpY/pubhtmlLet's compare them (no guarantee, please check facts yourself!): Year Lisk Ethereum 1st 15,77% 19.80% 2nd 10,90% 21.20% 3rd 7,37% 17.41% 4th 4,58% 14.75% 5th 2,19% 12.79% 6th 2,14% 11.28% 7th 2,10% 10.09% 8th 2,05% 9.12% 9th 2,01% 8.31% 10th 1,97% 7.64% Additionally, it's important that miners generally sell a bigger % in order to break even. Delegates don't have to do that, they can use this % to increase the ecosystem and therefore the value of the token. I'm not attacking the Ethereum inflation nor say that the Lisk inflation is superior. They are different economic systems and I think both are solved just fine. Important! This all comes down to the honesty of the delegates and the ecosystem voting with their LSK for the best delegates. So at the end nobody can condemn any delegate, because the network voted him in for whatever reason. So if someone is selling this is totally fair. For the Lisk Foundation Balances; We don't vote with the adviser and bounty accounts. The foundation owned account might be used to vote for individuals like ambassadors. For my founder's rewards; Yes, these are our privately owned LSK. Therefore, we vote with them as we see fit. If you check carefully I'm currently voting for 32 delegates who are ALL highly active. In my next round I will reduce the total even more for people who contribute something concrete. However, now the most important fact. Over time the foundation balances will go down (paying out bounties, compensating advisers, giving incentives to employees, paying for bills in LSK) and the same should be true for me as well (diversifying OTC at specific price ranges with a very long-term mentality). Additionally, due to the inflation the impact of these accounts will become less and less. That means we are gravitating towards a more fair and decentralised system with time. For us Lisk was born with v0.5.0 and the foundation, everything before that was just a settlement. Edit: Forgot one thing, the hashrate of Ethereum is growing fast. That means blocks are found faster which means that the inflation actually is higher than how it was intended to be. Same goes for Bitcoin where the average block time is 10 minutes, but I think the design choice was 12 minutes. (Correct me if I'm wrong on the Bitcoin part)
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Lisk.io - Blockchain Application Platform
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vlom
Legendary
Offline
Activity: 1498
Merit: 1117
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January 09, 2017, 07:52:12 AM |
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thanks to everybody how helped to fix the problem so fast. i tried to understand the problem by reading the github page. but i did not. can anybody explain the problem in plain english please.
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Vega
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January 09, 2017, 07:52:52 AM |
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Let's compare them (no guarantee, please check facts yourself!):
But... but... but... I wanted him to do the work at least once in his life on BCT! Joking aside, thanks for the post. It's a bit interesting how there were about zero negative mentions about the inflation rate (just the opposite as a matter of fact) for about 11 months and 1700 pages, and recently it's endless whining about it all coming from the same direction, from people pro pool delegates, only superficial knowledge of the Lisk core community (see them saying over and over who you and Oliver just voting up your friends), not doing proper research, immune to reasoning. It's tiresome.
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Virtum
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January 09, 2017, 07:58:35 AM |
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Who want to support Lisk, vote for my delegate, please. I will run 100 (one hundred!!!) nodes and will be 24/7 online and maintain nodes. My Servers Specifications: CPU: 4 x 2.40 GHz Intel Xeon RAM: 4096 MB Storage: 160 GB Bandwidth: 4 TB First node: http://185.5.55.73:8000Delegate name: virtum Rank 856
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LiskHQ (OP)
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January 09, 2017, 07:59:24 AM |
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thanks to everybody how helped to fix the problem so fast. i tried to understand the problem by reading the github page. but i did not. can anybody explain the problem in plain english please.
It was possible to create a fake vote which was not valid because it didn't follow the proper shape. This fake vote was added to the memory tables on one node and therefore were broadcasted to every node on the network. Due to the wrong shape nobody could verify this transaction and therefore new blocks couldn't been generated. Now, Oliver added verifications. That means this fake vote with the wrong shape will be detected because its not valid. That means it will simply be removed from the memory tables on all nodes and nothing happens. A few months ago we added validations on many different levels (e.g. accounts), seems like this one got overseen. However, these things become less obvious and at one point will be completely eliminated.
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Lisk.io - Blockchain Application Platform
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vlom
Legendary
Offline
Activity: 1498
Merit: 1117
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January 09, 2017, 08:01:55 AM |
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is there an how to? i want to run a node on one of my raspis. just for fun. i won't be looking for votes. thanks for the links.
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LiskHQ (OP)
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January 09, 2017, 08:04:55 AM |
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is there an how to? i want to run a node on one of my raspis. just for fun. i won't be looking for votes. thanks for the links.
It's honestly just one command. https://lisk.io/documentation?i=lisk-docs/READMEUse the binaries. 1.) Setup your Raspi 2.) Install the prerequisites 3.) Download the installation shell file from our servers 4.) Execute the command and start Lisk If something doesn't work, go to Lisk.chat and ask either in #mainnet, #delegates or #technical-discussion. You don't have to be a delegate to run a full node. If you want to generate blocks, try out our testnet.
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Lisk.io - Blockchain Application Platform
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metropolit
Sr. Member
Offline
Activity: 308
Merit: 250
Lisk will be #1 alt in 2019.
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January 09, 2017, 08:05:05 AM |
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Ethereum is also planning to switch over to DPoS. hehe What will they say then? Imagine all those who invested into GPU's... damn! ...aaaaaannndd... it's gone.... poof! just like that. It's gonna piss-off alot of folks. The drama will be a-plenty.
Miners will just switch to the next most profitable coin to mine at that time.
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Vega
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January 09, 2017, 08:11:56 AM |
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is there an how to? i want to run a node on one of my raspis. just for fun. i won't be looking for votes. thanks for the links.
I too would suggest setting up a testnet node instead of main net if you just want to experience it. If your delegate is standby not much is happening, so it's better to set one up on testnet because you just have to go on chat and asked to be voted up and presto, you are an active delegate. Also keep in mind that Lisk should run on a Raspberry Pi (2-3?) just fine, but much depends on your internet connection. If you are experiencing problems it's most likely because your lag is too great. If you need any help, lisk chat is a great place for it.
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nyanhtet
Sr. Member
Offline
Activity: 476
Merit: 250
Bawga
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January 09, 2017, 08:47:40 AM |
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Ok, compare the inflation of lisk with Ethereum: The maximum amount of ETH will be 103 862 556 ETH year 5189!!! and 159 918 400 LSK year 2025
Are you trolling me or are you really utterly incapable of proper research and data processing? First of all the number of coins are meaningless. The only thing matters is inflation percentages. How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now. Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week. Why you so stupid and not understand elementary things? Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71 Block 5000000, approx ETH supply 98562556, time ' 2025-10-02 11:47:30.658317' blocktime 835.81 Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83 Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19 Lisk total Lisk new Inflation 2016 100000000 15768000 15,77% 2017 115768000 12614400 10,90% 2018 128382400 9460800 7,37% 2019 137843200 6307200 4,58% 2020 144150400 3153600 2,19% 2021 147304000 3153600 2,14% 2022 150457600 3153600 2,10% 2023 153611200 3153600 2,05% 2024 156764800 3153600 2,01% 2025 159918400 3153600 1,97% It seems you got the % inflation of Lisk right, here you can see the % inflation of Ethereum: https://docs.google.com/spreadsheets/d/150B9eytmjZ642tYD0jSdFZQHldmk7VG5Wm3KVctydpY/pubhtmlLet's compare them (no guarantee, please check facts yourself!): Year Lisk Ethereum 1st 15,77% 19.80% 2nd 10,90% 21.20% 3rd 7,37% 17.41% 4th 4,58% 14.75% 5th 2,19% 12.79% 6th 2,14% 11.28% 7th 2,10% 10.09% 8th 2,05% 9.12% 9th 2,01% 8.31% 10th 1,97% 7.64% Additionally, it's important that miners generally sell a bigger % in order to break even. Delegates don't have to do that, they can use this % to increase the ecosystem and therefore the value of the token. I'm not attacking the Ethereum inflation nor say that the Lisk inflation is superior. They are different economic systems and I think both are solved just fine. Important! This all comes down to the honesty of the delegates and the ecosystem voting with their LSK for the best delegates. So at the end nobody can condemn any delegate, because the network voted him in for whatever reason. So if someone is selling this is totally fair. For the Lisk Foundation Balances; We don't vote with the adviser and bounty accounts. The foundation owned account might be used to vote for individuals like ambassadors. For my founder's rewards; Yes, these are our privately owned LSK. Therefore, we vote with them as we see fit. If you check carefully I'm currently voting for 32 delegates who are ALL highly active. In my next round I will reduce the total even more for people who contribute something concrete. However, now the most important fact. Over time the foundation balances will go down (paying out bounties, compensating advisers, giving incentives to employees, paying for bills in LSK) and the same should be true for me as well (diversifying OTC at specific price ranges with a very long-term mentality). Additionally, due to the inflation the impact of these accounts will become less and less. That means we are gravitating towards a more fair and decentralised system with time. For us Lisk was born with v0.5.0 and the foundation, everything before that was just a settlement. Edit: Forgot one thing, the hashrate of Ethereum is growing fast. That means blocks are found faster which means that the inflation actually is higher than how it was intended to be. Same goes for Bitcoin where the average block time is 10 minutes, but I think the design choice was 12 minutes. (Correct me if I'm wrong on the Bitcoin part) Well said, more faith.
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Bitsyo
Member
Offline
Activity: 68
Merit: 10
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January 09, 2017, 10:31:09 AM |
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Ok, compare the inflation of lisk with Ethereum: The maximum amount of ETH will be 103 862 556 ETH year 5189!!! and 159 918 400 LSK year 2025
Are you trolling me or are you really utterly incapable of proper research and data processing? First of all the number of coins are meaningless. The only thing matters is inflation percentages. How about you take a look at that? But please don't do it the way you usually do, but do it right instead and compare first, second, etc yeasr for both coins not as lisk now and as etherum now. Also who cares how much ETH or Lisk will be in 5189? Are you serious? This is crpyto nobody cares about anything else than what will happen next week. Why you so stupid and not understand elementary things? Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71 Block 5000000, approx ETH supply 98562556, time ' 2025-10-02 11:47:30.658317' blocktime 835.81 Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83 Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19 Lisk total Lisk new Inflation 2016 100000000 15768000 15,77% 2017 115768000 12614400 10,90% 2018 128382400 9460800 7,37% 2019 137843200 6307200 4,58% 2020 144150400 3153600 2,19% 2021 147304000 3153600 2,14% 2022 150457600 3153600 2,10% 2023 153611200 3153600 2,05% 2024 156764800 3153600 2,01% 2025 159918400 3153600 1,97% It seems you got the % inflation of Lisk right, here you can see the % inflation of Ethereum: https://docs.google.com/spreadsheets/d/150B9eytmjZ642tYD0jSdFZQHldmk7VG5Wm3KVctydpY/pubhtmlLet's compare them (no guarantee, please check facts yourself!): Year Lisk Ethereum 1st 15,77% 19.80% 2nd 10,90% 21.20% 3rd 7,37% 17.41% 4th 4,58% 14.75% 5th 2,19% 12.79% 6th 2,14% 11.28% 7th 2,10% 10.09% 8th 2,05% 9.12% 9th 2,01% 8.31% 10th 1,97% 7.64% Additionally, it's important that miners generally sell a bigger % in order to break even. Delegates don't have to do that, they can use this % to increase the ecosystem and therefore the value of the token. I'm not attacking the Ethereum inflation nor say that the Lisk inflation is superior. They are different economic systems and I think both are solved just fine. Important! This all comes down to the honesty of the delegates and the ecosystem voting with their LSK for the best delegates. So at the end nobody can condemn any delegate, because the network voted him in for whatever reason. So if someone is selling this is totally fair. For the Lisk Foundation Balances; We don't vote with the adviser and bounty accounts. The foundation owned account might be used to vote for individuals like ambassadors. For my founder's rewards; Yes, these are our privately owned LSK. Therefore, we vote with them as we see fit. If you check carefully I'm currently voting for 32 delegates who are ALL highly active. In my next round I will reduce the total even more for people who contribute something concrete. However, now the most important fact. Over time the foundation balances will go down (paying out bounties, compensating advisers, giving incentives to employees, paying for bills in LSK) and the same should be true for me as well (diversifying OTC at specific price ranges with a very long-term mentality). Additionally, due to the inflation the impact of these accounts will become less and less. That means we are gravitating towards a more fair and decentralised system with time. For us Lisk was born with v0.5.0 and the foundation, everything before that was just a settlement. Edit: Forgot one thing, the hashrate of Ethereum is growing fast. That means blocks are found faster which means that the inflation actually is higher than how it was intended to be. Same goes for Bitcoin where the average block time is 10 minutes, but I think the design choice was 12 minutes. (Correct me if I'm wrong on the Bitcoin part) Nice write-up, ETH will switch to PoS or a variant of it sooner or later so that numbers won't hold, but still their inflation is (was) much higher and their current system (just like btc) is just a waste of energy if you ask me. And if people knew that the majority of mining is controlled by maybe a few people. lisk has a much better system and is more ecofriendly for sure. Currently a nice mix of delegates and pools. Yesterday was a perfect example of how you can quickly push an update to lisk can you imagine that for eth or btc to be able to push criticial update in few hours with all nodes updating ? Not happening.
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