its quite old so perhaps there have been more developments
i always thought the only useful thing btc has is high PoW despite block time creation being quite low vs ethereum. this is useful for anchoring and side chains. btc for payment, 9 years and not much adoption. the latter point is always a hotly debated topic. lets remove its use as a trading pair as thats not really what btc was intended for. besides there are better trading pairs just not used as much eth, ltc, doge etc
In order for ICOs to be a positive thing for bitcoin and cypto generally, there needs to be some way for holders to be rewarded other than through token value i.e. they need to have some sort of yield or represent an enforceable equity share of the company.
Until that point is reached they are just money printing which serves only to part fools with their money and dilute bitcoin.
This is probably possible with smart contracts but its not gonna happen in highly regulated environments like the US UK or EU, this sort of innovation will need to come from somewhere else.
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This is why you should diversify in crypto. If people claim to be in it for the technology (whatever that means, lol) then they should be holding a variety of other crypto, not just lisk.
my personal opinion is that everyone should aim to own at least 1btc, and then various picks from other projects with a good track record / direction. no sense to just hold lisk and pray for an sdk, whilst other projects catch up or even overtake them.
sunk cost fallacy will catch out a lot of people in this bear market...if you find yourself doubling down on your alt which is down 90%, it doesnt mean its a sure bet in the long term. buy some Holy God Emperor btc and see what happens.
i mean..hopefully we get some sort of roadmap or something soon..sidechains and JS was what got me excited..fast forward 18 months after i first purchased lisk and i see multiple cryptos talking about sidechains and offering JS in the future..this isn't good..i've never felt this way regarding lisk until now
can someone at lisk please give us something to look forward to? who cares about an atm or wallet..those are two things we can do without for a while..not saying they aren't cool..but those aren't important whatsoever at this point
As Oliver said ([https://www.reddit.com/r/Lisk/comments/9gv2fy/lightcurve\_development\_team\_ama/e67660p/](https://www.reddit.com/r/Lisk/comments/9gv2fy/lightcurve_development_team_ama/e67660p/)), we want to deliver, and work hard to create everything as high quality as possible. The roadmap still needs some time to get there, however it's being developed and updated constantly to become a reliable source of information of future Lisk developments when it already arrives.
In the meantime, remember that it is way more to this than just a Roadmap. The Lisk Mobile will be an important part of Lisk Ecosystem that will bring some mobility and new user experiences. We're also preparing for a time of growth with our Business Development Department which will be a great addition to the team. There is a lot going on, that will profit our development. Our team members have also stressed out a lot of important information at our Lisk Berlin Meetup. I'll link you the summary of one of our Community Members, it should also help :)
Oh you mean the guy who had 0 self-confidence at the relaunch, because he knew that he would let explode the Core bomb every moment? First create an 0815 roadmap, so that enough hype arises and you can fill your bags yourself and then speak of quality, Bravo!!! Politicians might be a better job for him. And to the mobile wallets: ark, iota, trx they have mobile wallets and not such a slick thing to deliver something. But now you have at least something to work on in 2018/2019.
I'm pretty sure you do not even know how to implement sidechains.
There are more important construction sites than a mobile wallet. But in ignoring problems you are a prime example.
Who needs an SDK if we have mobile wallets and desktop wallets? ICO are then simply hosted on the phone correct?
And that's not a typical frustration post because of the course......
This is just a comment on an unprofessional statement from oliver......
And to max statement "we do not want to create a shit coin". Tell me what is a shit coin for you?
For me it is a coin that has no use and therefore no acceptance on the market.
Do you notice something? Scarce 10% transaction fees for 1 lsk, great that speaks again and again for LSK.
The only use the LSK currently has is the Academy ....
Not good imo.
The idea of side chains is nothing new - Lisk started 2016 and we are almost 2019.
Almost 3 years have passed since lisk is life. Lisk SDK is expected somewhere in 2019, probably Q4 at best as they cant release a road map for what it feels like ages- what can we expect about a finished product.
The way its going some other project will steal the first move. They will get all the hype and Lisk will be left in the dust.
If BTC does introduce side chains this year and is a working viable product its gonna take the market potential for itself... there will be breadcrumbs for the rest
because it just fits so well - "*Ethereum researchers (...) introduced a solution called Snark-based side chain which could scale the network to*..." Maybe there is a enough room for several solutions, but after almost three years I would say we can at least forget the "first mover" advantage.
VC investment equally have very high failure rates, but they make sure to not disclose that and only tell you about the Uber/Coinbase/AirBnB/... and other unicorns. I am firmly convinced ICOs will disrupt traditional VC. Some clarity will be necessary around it all, like you can't just issue fuck all (what's happening now) but you'll need to sell some shares in the startup basically, or debt, linked to the token, but it's just too easy to cut off the middle man with ICOs. And it opens early stage investments to ordinary people, not just the ultra rich. As usual, we're now in the early stages of this, and so far 99.9% of ICOs are scams. Including the grand daddy of all ICOs, ETH...
\>I am firmly convinced ICOs will disrupt traditional VC.
They wont until such time as the token represent an enforceable claim on the business's income or equity. If that doesn't apply then the token is a currency in all but name and as such is in direct competition with bitcoin, hence the bitcoin community will (rightly) do everything in their power to undermine it.
You are not cutting out VC’s. They just moved to the presales. Some give $5 million to a startup and then have them create a token and an ICO. Then they get tokens and as soon as they list they dump. And they still get to keep equity. It’s merely childish to think VC’s are being disrupted. Their job just got easier because now the have a way to exit without those security laws they have to go by. And if you ever ask them about this most if not all will deny it. It’s only retail who thinks they are disrupting VC’s. You’re not
All the incentives with ICOs are to exit without responsibility or a strong incentive to deliver , thus the very structure of ICOs are setup where even well intentioned efforts encourage a business to fail. The investors that ICO's attract simply are looking to pump and dump thus the liquidity that ICOs provide is also its undoing. Most Businesses end up failing , thus most VC investment fails and the few winners end up paying for the losers. There is a big distinction with Venture Capital however because with traditional VC there are regulations , qualified investors, stock and real assets typically acquired, and specific contracts drawn up unlike with ICO's. Many people don't like the restrictive nature of traditional investing but there are good reasons why these regulations exist as Illegal securities are not a new concept. Perhaps in the future someone can design a way for ICO's to be safer and with better incentives but that is a difficult task IMHO as one needs real world enforcement in some manner that cannot be replicated by a DAO.
p.s... Yes, Ethereum is absolutely a scam and not merely because of the 72 million eth premine that should be considered an illegal security
Didn't want to write too much, but if I did, I'd have written something very close to your follow up. ICOs must be linked to the company's assets, somehow, and I absolutely want the regulators to be vigilant and prosecute as necessary. Screaming down with all regulations and other such libertarian cries completely misses that the laws are there for a reason, that humans didn't start scamming with crypto. And yes, I also want enforcement by a physical entity, no freaking DAOs, unless it's something really marginal.
With all this said, I think you can see we agree in large part. And if we find a clean way to do ICOs, and I believe we will, VC will be reduced to investment advisory because no one will be able to keep track of all the (legit) ICOs. Just like people can't keep track of all the scams today.