[old thread] - RISE | DPOS | APPS & DAPPS

[andrealandia]

i hope dev is continuing to develop this coin

[McVenture]

i hope dev is continuing to develop this coin

Development is in full swing. A live testnet release of the new Delegate code will likely take place this coming Friday. Details to follow this week, stay tuned.



 

[cheapcoin]

Two More Full Time Developers Officially Onboard With Rise:

Congratulations and welcome aboard to Richard and Nathan who have joined the Rise project and will be coding from Justins "Kitchen Office" until they find a more suitable work space.

Expect to see a ton more of development updates on a continuted basis from now on.

At the moment the team is focused on resolving the public delegates forking issue.

To start with they are building in a function for the delegates to validate the blockheight prior to starting work on a block, to ensure they are on the same node.

After that they will work on keeping all the nodes in sync with each other.

For the time being Richard and Nathan are working on the above with Justins direction whilst Justin is beginning architecture for the other tasks.

Wish them all the best of luck over the coming months!!


Rise "Kitchen Office" The Beginning:





Another team member will be announced next Monday!

This could have been a joke, if not it said a lot

this is already a 2 month old post. though rise has not risen since then.

when is LISK next release?

During this period, they insta mined 3 million rise from dpos scheme. After they dump the coin, the project will be dead completely.

[CREATIVE_Life]

Hi,

Why is the supply higher than the 100m the ICO stated? Where do the rest of those coins come from / is there more coins to be created?
Thanks

Great question! The excess coins are all from forging by the Delegate Nodes. Hope this answers your questions!

@Wexfgy12,

To elaborate on RiseGal's accurate response to your question, it's the pre-coded rate of inflation in Rise, the block rewards through 'forging' are the incentive to have multiple delegates securing the network. This has been explained in detail in the RISE White Paper.  

Over the next 5 years RISE has the following rate of inflation:

Year 1: 15 RISE per block, 115,768,000 Total coins with 15.77% annual inflation rate
Year 2: 12 RISE per block, 128,382,400 Total coins with 10.90% annual inflation rate
Year 3:   9 RISE per block, 137,843,200 Total coins with 7.37% annual inflation rate
Year 4:   6 RISE per block, 144,150,400 Total coins with 4.58% annual inflation rate
Year 5:   3 RISE per block, 147,304,000 Total coins with 2.19% annual inflation rate
Year 6+: 0 Rise per block and therefore 0% inflation.

At the end of the the fifth year there is 0 block reward and transaction fees alone will sustain the network.

This is really unfair, the devs get all the new forged coins now.
That means they have 15,768,000 coins the first year combined with the "9 million to be withheld by the development team" make a total of:

24,768,000 coins for the developers!!

I calculated the percentages and found out that they then have more then 21% of all the coins!  

What happens when you decide to dump a few million coins to raise some cash

Your outrageous developers fund makes this coin even worse then the interest and the bonuses that the banks get!

.

Hello @jorrr,

We've touched on this question before, but it's good that you bring it up so we can clarify it once again and to get a constructive and fruitful discussion going regarding the matter.

What will happen to the forged RISE tokens

So to rephrase the question: what will actually happen with the tokens that have been and are currently being forged by the Genesis Delegate Nodes until the time when the new Delegate code is ready for release and the community can start taking over by running their own nodes and forging RISE themselves?

Let's start by making clear that these tokens are not disappearing in the Dev team's pocket and they will most certainly not be dumped to raise cash. We'll make a proposition of how they are to be spent and let the community decide if they agree on it or not... It will be comprised of bounties, DAPP developments and other things that will benefit the community and raise the value of the RISE platform.

If you or others reading this have inspiring ideas of how it is to be spent then please voice it by all means. I've opened a new thread on this subject at the RISE forum where you can submit your ideas and discuss the matter further with our team and the community:

-->  http://forum.rise.vision/topic/54/what-shall-we-do-with-the-forged-rise-tokens-submit-your-ideas-and-discuss

Hi Alty, McVenture !

I really believe in your project and its successful future

Guys, I actively promote all the time your project
me in all possible ways ...
And I think that I deserve to share the bounties of the fund ??

I will be very grateful

[BitcoinPC]

Hi,

Why is the supply higher than the 100m the ICO stated? Where do the rest of those coins come from / is there more coins to be created?
Thanks

Great question! The excess coins are all from forging by the Delegate Nodes. Hope this answers your questions!

@Wexfgy12,

To elaborate on RiseGal's accurate response to your question, it's the pre-coded rate of inflation in Rise, the block rewards through 'forging' are the incentive to have multiple delegates securing the network. This has been explained in detail in the RISE White Paper.  

Over the next 5 years RISE has the following rate of inflation:

Year 1: 15 RISE per block, 115,768,000 Total coins with 15.77% annual inflation rate
Year 2: 12 RISE per block, 128,382,400 Total coins with 10.90% annual inflation rate
Year 3:   9 RISE per block, 137,843,200 Total coins with 7.37% annual inflation rate
Year 4:   6 RISE per block, 144,150,400 Total coins with 4.58% annual inflation rate
Year 5:   3 RISE per block, 147,304,000 Total coins with 2.19% annual inflation rate
Year 6+: 0 Rise per block and therefore 0% inflation.

At the end of the the fifth year there is 0 block reward and transaction fees alone will sustain the network.

This is really unfair, the devs get all the new forged coins now.
That means they have 15,768,000 coins the first year combined with the "9 million to be withheld by the development team" make a total of:

24,768,000 coins for the developers!!

I calculated the percentages and found out that they then have more then 21% of all the coins!  

What happens when you decide to dump a few million coins to raise some cash

Your outrageous developers fund makes this coin even worse then the interest and the bonuses that the banks get!

.

Hello @jorrr,

We've touched on this question before, but it's good that you bring it up so we can clarify it once again and to get a constructive and fruitful discussion going regarding the matter.

What will happen to the forged RISE tokens

So to rephrase the question: what will actually happen with the tokens that have been and are currently being forged by the Genesis Delegate Nodes until the time when the new Delegate code is ready for release and the community can start taking over by running their own nodes and forging RISE themselves?

Let's start by making clear that these tokens are not disappearing in the Dev team's pocket and they will most certainly not be dumped to raise cash. We'll make a proposition of how they are to be spent and let the community decide if they agree on it or not... It will be comprised of bounties, DAPP developments and other things that will benefit the community and raise the value of the RISE platform.

If you or others reading this have inspiring ideas of how it is to be spent then please voice it by all means. I've opened a new thread on this subject at the RISE forum where you can submit your ideas and discuss the matter further with our team and the community:

-->  http://forum.rise.vision/topic/54/what-shall-we-do-with-the-forged-rise-tokens-submit-your-ideas-and-discuss

Hi Alty, McVenture !

I really believe in your project and its successful future

Guys, I actively promote all the time your project
me in all possible ways ...
And I think that I deserve to share the bounties of the fund ??

I will be very grateful

Along comes a dev with "Risen" a new coin for the zombie population when it arrives.  The end is coming and zombies will need currencies too.  Digital is easier for the decayed fingers than getting paper FIAT all wet and messy.  A waterproof mobile smartphone, Risen coins and the zombie is good to go. 

[Sweetbtc]

Just create some fake volume and use funds from the ICO to pump the coin above 2000 satoshi.

I want to recover my losses  

and i'm not the only one

Don't cry, move on your life, buy other coins and make profits, i did this, i cut my 8 btc big loss on this shit, and was all-in another ico coin, now I made multiple times.

The dev sells up the coin and the investors agree to go for it.  A new side token asset is created under InvestorToken and $500 is moved there to invest in the coin.  After that, the whole process is automated, like a trading bot. 

[Darkoth89]

i hope dev is continuing to develop this coin

Development is in full swing. A live testnet release of the new Delegate code will likely take place this coming Friday. Details to follow this week, stay tuned.



 

If you need assistance again let me know

[Digital_Currency_LTD]

This coin start turning a totally joke. Lisk 0.4.0d is out today so guys you can copy their code again...

[McVenture]

i hope dev is continuing to develop this coin

Development is in full swing. A live testnet release of the new Delegate code will likely take place this coming Friday. Details to follow this week, stay tuned.



 

If you need assistance again let me know

Thanks @Darkoth89, your help in testing the network and your feedback would be greatly appreciated. Let's spin up those VPNs.

Justin will make an official announcement with all the details of the update on Friday.

[jorrr]

This coin start turning a totally joke. Lisk 0.4.0d is out today so guys you can copy their code again...

Correct they want to launch the copy on friday!
Hope it works  

[szachta]

Invest money from rise to icn.maybe money will double.chears.

[scambust]

This coin start turning a totally joke. Lisk 0.4.0d is out today so guys you can copy their code again...

Correct they want to launch the copy on friday!
Hope it works  

LOLZ

[malcovixeffect]

This coin start turning a totally joke. Lisk 0.4.0d is out today so guys you can copy their code again...

I checked http://forum.rise.vision/ almost the topics are 2months ago and the latest is like 9 days ago http://forum.rise.vision/topic/59/python-sdk-pre-release

Bwahahaha, this project is a waste of money nothing new to offer..

[JollyTrades]

How's your kitchen office thing going guys?

[bedskills]

How's your kitchen office thing going guys?

Bikini girls are on the kitchen office, they hire hookers there.     Also, the left guy looks like Justin's brother, he was the actor. 

[Videodrome]

I lost 1.5 BTC in this shit and yes one day i will met personally these guys....

[posternat]

The dev has a good amount of leeway to live and learn.  The automation doesn't start right away, but after the established start price on the exchange reaches a good point, say 500 Sat.  The inside token trades into and out of Risen, based on price.  However, if the price hits a good high, maybe 0.0001, then the investors get alerts and the InvestorToken remaining $500 is drawn upon for more profit. 

[cebb]

The dev has a good amount of leeway to live and learn.  The automation doesn't start right away, but after the established start price on the exchange reaches a good point, say 500 Sat.  The inside token trades into and out of Risen, based on price.  However, if the price hits a good high, maybe 0.0001, then the investors get alerts and the InvestorToken remaining $500 is drawn upon for more profit. 

I have no idea what you just said.

[McVenture]

<DEV TEAM UPDATE> 

RISE Delegate Testnet about to be launched


http://forum.rise.vision/topic/61/dev-team-delegate-system-testing

[Frenk Best]

<DEV TEAM UPDATE> 

RISE Delegate Testnet about to be launched


http://forum.rise.vision/topic/61/dev-team-delegate-system-testing

Very good news guys

Now we await the launch of the fordzhinga