Signature added

Thats not a flaw, how more funds they have how more you get, Look for example at ETH cause now they have much more money they can push updates and hire developers more and more.

Compare Lisk to what happened at the start of Ethereum:

From Vitalik:  "The highest <annual> salary is $190,000, followed by $180,000, followed by something in the 150s (I personally am not even in the top 3; mine is 137k CHF/year). For reference, Gavin Andresen's salary was ~$210,000 when he was working for the Bitcoin Foundation; it got published somewhere and I have a link in an old post on reddit. The people who earn the most per hour are probably our external security auditing partners that make $300/h."

Also from Vitalik:

"note that:
1.Most employees sent 20% of their salary into the employee ether purchase program, so the "actual" salaries are really 152k, 144k, 125k and 115k (at least, that's the way people would be interpreting it if had we simply added the employee purchases into the premine).
2.Even including that additional ether, no single person received more than 0.98% of all ether from the premine. And ETH isn't even a share or equity and doesn't come with any kind of claim on percentages of profits of anything. Ethereum.org is a nonprofit. "No founder of a startup I know" takes home that kind of upside potential."

https://www.reddit.com/r/ethereum/comments/39ujsp/founder_salaries/

From a concerned investor:

...I have some concerns regarding the "fairness" of the issuance model with regards to the 12.5% cut immediately awarded to the founders. Given their privileged position within the Ethereum community they already have tremendous advantages regarding early accumulation with their knowledge of the software and ability to pre-design the most efficient mining possible. This significant advantage combined with the pre-allocated founder reward, and the additional ongoing rewards as part of the developer pool of funds, amount to a pretty significant accumulation advantage...

https://forum.ethereum.org/discussion/11/founders-and-issuance

Jesus H. Christ.  I am totally astounded by the complete ignorance of many people posting here.   What the hell were you doing in math class as a kid?

THERE IS A FIXED 85M LISK BEING SPLIT PROPORTIONALLY BETWEEN A RISING NUMBER OF DONORS.  

THEIR ARRIVAL REDUCES YOUR OWNERSHIP SHARE.  

THEIR MONEY KEEPS THE VALUE OF YOUR REDUCED OWNERSHIP SHARE AT YOUR ORIGINAL DONATION VALUE.  

AS YOUR SHARE GOES DOWN,  THE SATOSHI PRICE GOES UP TO COMPENSATE.

YOU LOSE NOTHING!

And that 10% of Lisk going to core devs and consultants?  It's currently only worth about $100,000 total.   That's NOT "living large".  

To double that $100K, they've got to double the market cap of Lisk on the open market...

AND AT THAT POINT YOU WILL GET THE EXACT SAME PERCENTAGE BOOST ON YOUR HOLDINGS AS THEY DO!

It is updated now. Thanks

please, Lisk has a similar rule of SEC (SafeCoin Exchange) crownd funding, see the price in bittrex (crownd funding price : 5 satoshi. The CEO just have 1% of total, but he had just a Whitepaper also... In Lisk they have 10%, but project is very advanced.

For a newcomer, i believe the arrange is fair.

Am I missing something? We need passphrase only for web login? Did someone said that there is a passphrase needed when we do "new exchange" thing in ICO page

You know what I think would be a good idea?

To have 2 threads of Lisk, one unmoderated alive just so people can't go "uhh moderated thread means censoring and shadieness", another one moderated for other people who are tired of having to read an unending amount of posts with FUD being spread by random accounts who have nothing better to do. We could have more civil discussions there where the blatant spamming and CAPSing and stuff would get deleted. (this obviously does not mean just deleting opinions that aren't the ones most others share).

Think that would help.

But I could swear to Jesus that when I pressed new exchange a week ago I saw no passphrase. Only for web login, not for new exchange. wtf ??