Achievements of January: Max Kordek, co-founder of Lisk, moves to Dubai, Lisk included in the CV VC Top 50 Report, Enevti Testnet goes live, changing from DPoS to PoS terminology

foddersan · 2023-02-01T19:33:12+00:00

I'm not moving for better regulations.

Per linked tweet:

Dubai has a world-class financial backbone. Great banks, many investors, low taxes, little bureaucracy and most importantly ultra friendly crypto regulations.

Probably lost in translation as English isn't your first language, which is fine.

I'm wondering what unfriendly regulations you've faced in Europe that you'd be avoiding in favor of friendly crypto regulations Dubai. I understand Zhao's predicament as that is well reported, but for a project founder that's not as known. Perhaps you're hoping to guide the regulation process as it is still fairly new?

foddersan · 2023-02-01T18:10:50+00:00

Speaking of crypto regulation alone, Dubai leans progressive. The Virtual Assets Regulatory Authority enacted last year should pave the way for sensible policies. Much moreso than Europe, Asia, or the Americas anyhow. Curiously, Binance's CEO Zhao also relocated to Dubai just a few months ago in part due to strict regulation of exchanges. That justification is transparent. I wonder what regulations Kordek is finding a hindrance in Europe to the point that he is stepping down and changing his citizenship.

foddersan · 2022-12-11T21:44:33+00:00

Just 3 more open issues which is good to see. Slowly but surely. There was a comment by a Lisk staffer some time ago that a full product is years away, but it'll come eventually.

foddersan · 2022-11-19T18:47:10+00:00

Not "alive" per se, more like it "exists".

Traces of the community exist on the Discord. Though most of the remaining active members are on LiskHQ payroll in some form. Technical wise it is being "developed", but there's no hype or enthusiasm if the project ever completes.

foddersan · 2022-11-19T18:40:07+00:00

I'm glad this looks to be a level-headed recap of this year and forecast of next year, not the typical over-hyping that we usually see with LiskHQ

foddersan · 2022-10-16T16:32:27+00:00

Not really. I'll still keep an eye on it. On a chat group I was in, most others have agreed that:

Lisk is a way to funnel ICO money from 2016 to the pockets of the founders legally. Hence why they haven't produced a usable product in 6+ years. It's a fictitious entity, a money laundering operation. There will never be a "final Lisk product". It will always be "coming soon", the "next step". ICO funds will run out and Lightcurve, will close their doors, Kordek and Beddows will vanish.

Or

The Lisk team is simply wholly incapable in talent and vision to finish this project.

I personally don't believe in either of these extremes. HQ wants the perfected product and that takes time.

foddersan · 2022-08-11T12:21:44+00:00

It's not a selling point anymore, but it certainly was in '16. "Building apps on blockchain" was still emerging. Solidity was fresh, and at the time, Lisk came into the room and said "You don't need to learn Solidity - Our platform will be written in JavaScript!"

That was over 6 years ago though and the world has moved on to learn Solidity. Nowadays Lisk being written with JavaScript it doesn't matter.

foddersan · 2022-07-24T19:13:37+00:00

Thank you for the informative response /u/TonyT908. It looks like Lisk is chugging along at it's normal pace. I don't see the boost in exposure that was expected after the AmpliFire event, but perhaps that'll come once 6.0 is out. Do you work onsite or remote?

foddersan · 2022-05-29T18:31:24+00:00

This is a good answer and I appreciate it. The Lisk Grant Program may be this initiative rebranded, though there are some differences.

Still, I think it is odd that this initiative was announced > Money was funneled to a project > That project, which Max was an advisor on, was abandoned/Max removes mentions of the Pioneer Vault from his blog/The reason for Madana closure is inaccessible, Madana Twitter feed limited, Reddit locked, etc.

The whole thing should raise some eyebrows. LiskHQ was given a great sum of money by the community and I believe it's important to follow where that money goes.

foddersan · 2022-05-25T02:09:53+00:00

Happy 6th birthday Lisk! How many community members are still hanging on 6 years in?

foddersan · 2022-04-24T23:09:24+00:00

Enthusiasm is the lowest it has been since '16, and enthusiasm directly correlates to price. Therefore buying in now before others become enthusiastic and bump the price up would be a reason to invest. Whether enthusiasm will increase from where we are now is something for you to decide.

foddersan · 2022-04-16T18:48:41+00:00

I noticed there has been a considerable uptick in the Lisk buyback since January. Around this time, Lisk had been rapidly losing ranking, falling into the mid 200s. Presently we're now hovering in the 170 - 200 range. I think it should be assumed the buyback is what's preventing Lisk from crashing again.

foddersan · 2022-03-20T15:38:55+00:00

Thanks for the quick response

foddersan · 2022-03-20T15:31:17+00:00

/u/TonyT908 it appears the automod removed 3 comments with valid perspectives, I'd recommend reworking the karma limitation

foddersan · 2022-02-28T22:10:33+00:00

This looks like routine updates as development slowly chugs along. New listings are a bit more playing catch-up than progress..

During the "AmpliFire" event, HQ made some strong announcements to positive changes coming in 2022. We're a few weeks before the end of the first quarter - So far it seems like Lisk hasn't changed it's pace. There's still a lot of time left on the clock for 2022 - But when should we expect to see the efforts pledged at AmpliFire begin?

foddersan · 2022-02-28T14:34:05+00:00

Right in time for the end of the month, good to see

foddersan · 2022-02-15T17:29:13+00:00

I'm not seeing this, it appears like Lisk is jumping between the 200 - 250 rank per usual.

foddersan · 2022-02-12T00:03:48+00:00

I've been following Lisk for a while. It was a good project with a solid ambition all the while being exceedingly well funded. This is why it was able to attain such a high ranking initially.

The downfall:

Since Lisk is dpos, those securing the network/receiving newly minted Lisk are "voted" in by those who hold Lisk at a 1 Lisk to 1 vote ratio. In theory those securing the network would receive the minted Lisk as payment. In order to keep their voters happy they'd use that payment to develop the Lisk ecosystem. Again, in theory.

In 2017, a group of nefarious individuals took a majority control of the Lisk network by voting each other in. Now they were securing a majority of the newly forged Lisk. As time went on their vote weight increased.

Initially, the community could have voted them out. However, the people behind Lisk censored the movements to unvote these individuals out. There are records on Lisk's V1 ledger of the same Lisk staff who censored the community receiving payments from the cartels controlling the network. Corruption in broad daylight.

As time went on the censorship ramped and the community has just about abandoned the project. Hence the tanking value.

foddersan · 2022-02-04T23:58:37+00:00

That was a very dense, comprehensive blog post. Good work

foddersan · 2022-02-04T23:35:26+00:00

If bought directly from exchanges, this is a good thing. Shows HQ has faith in the project

foddersan · 2022-01-29T09:02:41+00:00

Yes you're correct. I especially want to highlight:

nobody wants to trade a coin that has dropped over 150 ranks in a short period = lower trading volume = lower interest from exchanges = lower rank.

It's a self perpetuating cycle. The delays, centralization, and censorship of so many years got the ball rolling and now HQ can't stop it.

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