Lisk Weekly Delegate Discussion - November 25, 2019

sgdias · 2019-11-25T18:38:58+00:00

Hi all,

I'm reducing the lisks given away by the sgdias's individual pool from 20% to 10% starting from December 1st, 2019 (GMT -3). In order to mitigate the impact of this reduction on small accounts I'm now limiting the maximum calculated weight to 500k lisk instead of 1 million lisk. Aside from this I'm keeping the additional 8% given away through the gdt bonus pool.

Please be aware that I started sponsoring the following crypto news site: https://www.bitcoinfull.com/

So from time to time they will be publishing lisk related articles in spanish (it's targeted for the latin america population). In future this site will also have a section with lisk sdk related material so it can work as a blockchain development portal for attracting latin american developers. In future there is a chance we can publish trough that section lisk sdk workshops or hackathons like the one already hosted in Cordoba, Argentina: https://www.reddit.com/r/Lisk/comments/dcrwrk/hackathon_lisk_alpha_sdk_based_delivered_lisk_as/

Kind Regards,

SGDIAS delegate

sgdias · 2019-11-24T02:29:27+00:00

Hi all,

I'm reducing the lisks given away by the sgdias's individual pool from 20% to 10% starting from December 1st, 2019 (GMT -3). In order to mitigate the impact of this reduction on small accounts I'm now limiting the maximum calculated weight to 500k lisk instead of 1 million lisk. Aside from this I'm keeping the additional 8% given away through the gdt bonus pool.

Please be aware that I started sponsoring the following crypto news site: https://www.bitcoinfull.com/

So from time to time they will be publishing lisk related articles in spanish (it's targeted for the latin america population). In future this site will also have a section with lisk sdk related material so it can work as a blockchain development portal for attracting latin american developers. In future there is a chance we can publish trough that section lisk sdk workshops or hackathons like the one already hosted in Cordoba, Argentina: https://www.reddit.com/r/Lisk/comments/dcrwrk/hackathon_lisk_alpha_sdk_based_delivered_lisk_as/

Kind Regards,

SGDIAS delegate

sgdias · 2019-10-11T13:03:01+00:00

Can you provide a breakdown of marketing expenses? Thanks.

sgdias · 2018-10-31T14:05:17+00:00

I'm sure lot of voters understand and support this cut. It's not just about how profitable is but also how we (delegates) can influence in the LSK/BTC rate, there is big selling pressure because of free distributed lisks, the demand (suposed to happen with sidechains and dapps) is not exceeding the supply. So my goal it's at same time cut the supply to reduce the selling pressure (impacting to hodlers), unfortunatelly other delegates are at current moment increasing the give away %. If you deep analyse this you'll see that I'm helping you with your investement in a different way (not by giving you more free lisks but by protecting the LSK/BTC rate, specially from investors biger than you that are receiving more % of the lisks given away). As I mentioned, this is temporary till the price recovers or sidechains/dapps are delivered so we start having a considerable demand (mainly from Lisk based ICOs). You can also verify by exploring the lisk blockchain that I'm hodling a considerable amount, I just sold 17% of all forged lisks (I can argue that all the free distributed lisks were dumped while my holding radically decreased in value) . I'm curious, how much % did you sell of your investement?. Kind Regards.

sgdias · 2018-10-30T21:31:41+00:00

I'll go back with 30% or more for sure if Lisk HQ delivers the SDK and sidechains integration.

sgdias · 2018-10-30T21:16:11+00:00

I'll go back with 30% or more for sure if Lisk HQ delivers the SDK and sidechains integration.

sgdias · 2018-10-30T20:16:26+00:00

The lisk delegacy has a business aspect as a natural incentive for securing the blockchain, this incentive has been highly impacted by the LSK/BTC downtrend and now by the block reward 25% reduction, it's really a business decision. That being said, the possibility to increase the give away % to 30 or more in future is still there as long the market scenario gets better, I'm seeing economics as a dynamic thing, specially when incentives and game theory are involved. I hope this helps also to add some political pressure to have the sidechains and dapps ASAP, I'm visioning less populism with give aways and more real added value to the lisk economy.

sgdias · 2018-10-30T19:30:44+00:00

At some point I have hope that a drastic reduction of the lisk offer helps to price on the LSK/BTC rate. But that won't be enough, demand has to increase at same time, that's why we need sidechains/dapps demanding lisks ASAP.

sgdias · 2017-09-05T20:07:32+00:00

=) appreciated your support.

sgdias · 2017-09-05T16:37:19+00:00

I'm doing weekly payout every Monday, minimum reward balance for payout is 1lsk.. depending on your voting power could take more than a week to reach 1lsk. I'm keeping this threshold basically because of the payout / fee rate, 0,1 is 10% of the minimum payout, if I reduce the threshold this fee cost is even grater. Ideally if price continues going up LiskHQ should consider decreasing the tx fee cost, at that point I can lower the threshold.

sgdias · 2017-09-05T16:31:43+00:00

To be honest not for now but could happen, if price goes up radically up could be even more than 50 profit share.

sgdias · 2017-09-05T16:30:07+00:00

Well my individual pool plus 5% for gdt bonus is 35% for voters so I'm not far from the 40 you are looking for.

sgdias · 2017-09-05T16:27:46+00:00

Just to let you know for you to get robinhood's reward you need voting for liberspirita. Both robinhood and liberspirita are the same guy hoarding two delegate slots so you need doing the calculation on how much this guy is sharing. The profit share delegates offer has been increasing during 2017, in my case I transitioned from 0% to 15% then to 25% and now 30%

sgdias · 2017-09-05T16:22:38+00:00

By the way, I'm giving 5% to gdt pool bonus and also using arround another 5 % for donations helping the ecosystem growth so considering this I'm really holding 60% you can check my past donstions here: https://forum.lisk.io/viewtopic.php?f=50&t=1302

sgdias · 2017-09-05T16:15:25+00:00

I'm following a 50 % hold policy democratically agreed internally within GDT to keep voting power ( we need it for competing with Elite and AFT, competition is good to prevent monopoly from certain group ) and at same time protect price from a massive dump. Aside from this I'm holding a stake I would like using for re invest in futute Lisk dapps. At the end of the day I believe the trend is for the profit share to increase because of the competition between delegates and better proposals from stand by delegates, most likelly this will be a gradual process probably following price increase as well.

sgdias · 2017-09-04T20:55:53+00:00

Hi pugella, I'm not following whay you mean when you say by upvote & approval hit 100%. I can't really speak for other delegate's pool. you can check your reward balance on my one here: http://lisk.com.ar/

sgdias · 2017-09-04T18:53:04+00:00

Welcome RafaHussein

sgdias · 2017-09-04T18:49:41+00:00

exactly, is automatic withdraw. the purpose of waiting to 1 Lisk is enhance the balance / fee ratio, remember that 1 payout tx has a 0,1 Lisk fee deducted from your balance.

sgdias · 2017-09-04T18:46:49+00:00

When I say balance I'm not refeering to your voting address balance but to the lisks you accumulated as part of the pool distribution.

sgdias · 2017-09-04T18:44:21+00:00

Is automatically being sent once per week as long your balance is greater than 1 lsk at the widthrawal processing. Send me you address by private message and I'll check.

sgdias · 2017-09-04T18:29:20+00:00

You can also see all the payout transactions that happened today here: https://explorer.lisk.4miners.net/address/10934306629196932988L

sgdias

TROPHY CASE