I'm not understanding how will you monetize all those crypti, 36M crypti it's a really large amount to sell. Or are them yours from the crypti project and this is a nice way to convert them in something better, lisk in this case without make it clear....

Won't the collected btc and xcr be burned when the list money supply is created? I mean, it has to be. Otherwise what's the point? I seriously hope it will be burned in a verifiable way. If not, and the two guys will get to use this sum, this project will die before it's born.

Update: Found this on the 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."

Paid out to whom?

Yes. (I don't even bother answering this)


So if I understand it correctly, Max and Oliver will receive between 1 and 3 (just an estimate) million $, and 4 million list each.

I have multiple issues with this. When counterparty was in the same phase, they wrote a blog post explaining why they choose proof-of-burn.
http://counterparty.io/news/why-proof-of-burn/

The biggest issue is that value is created out of thin air like this, which is unsustainable. There is simply no point sending further btc to the ico. Some simple math (please ignore the incorrect starting numbers):

Now there's 2k btc paid, with 80 million coins to be distributed. If people add 6k more btc to the ico, it will each 8k, and the same amount of coins will be distributed proportionally.
But what if ico finished at 2k, and the 6k additional btc was added as a market order after the ico? Price would be statistically the same (same amount of btc went into the lisk market), but profit distribution would be different, as all the profit that would go to Max and Co. would be spread between the ico sponsors.

And the biggest difference comes here. Max and Oliver will realize the BTC profit immediately (well it's not their choice, that's how the system is set up). In the second case however, people will not necessarily realize their profit (they will partly stay in lisk, despite the price increase), which will result in a higher market cap.

So please, read the linked blog post, and think about proof of burn. It would give an incredible amount of legitimacy of the project. Oh, and it would legitimize the 4-4 million lisk as well a bit (it would be a justifiable sum, but on top of $1m+ it definitely isn't)

Ahhh... that's interesting.

Hope LISK makes it easier for the DApp developers to make DApps and users to use LISK with continued development

Hopefully a more in depth documentation as well

You're just another turd who thinks his shit don't stink and are holier than thou?  And no, companies don't burn the money that they get from investors especially in the way you are describing. why the fuck would they do that unless they are retarded like you.

hello .i have a pair of questions..
1.. i already bought some lisk ,2 times, s i get 2 adresses and 2 public keys.
i understand that i can not create my wallet yet?should i keep those files  in a safe place?when it will be possible t create a wallet?

2.bountyes,, i liked in facebook , followed in twiter and give my email for updates and news .
when and how will i get my bounty coins

thank you  in advance gentlemen

I have a question regarding the Lisk Terms of Service agreement, Section 4 (Your Responsibilities), 4.2 "End User Violations":
"You are responsible for End Users’ purchase and use of LISK. "

Taken from: https://docs.google.com/document/d/1YIFQR0Ob08tgAHwUngn1NfQGE23jtsgsRTUq-OQvT80/edit?pref=2&pli=1#

So, this means that if I sell a portion of my Lisk to someone else that may be a total stranger to me, that I will be responsible for whatever this person decides to do with his newly acquired Lisks?  If so, will I still be responsible if I sell the Lisks at an exchange like Poloniex and then someone else purchases the Lisk through Poloniex?

 

I wasn't involved in the ICO terms, so I can't clear it 100%.

Normally, such terms are used, that you can't bypass the ICO terms. Because the terms are part of a treaty between you and Lisk. But not between Lisk and a 3rd person. Such terms make the glue then. They demand from you, that you sell the Lisk under the same rules as you bought them.

Lisk core team doesn't tell you what to do with your share. Why the fuck you think you can tell them what to do with their share? ICO terms was clear. Take it or leave it.