Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
MalReynolds2
on 21/02/2016, 21:16:18 UTC
I understand u guys want to leave things straight with the crypti guys, but raising funds in currencies you have no faith in is just unreasonable...please explain why you insist on doing so

To allow the original Crypti investors a pivot / transfer path into a new coin (Lisk) that uses the code base they paid to develop.  In my opinion, this option shows Max and Olivier have true integrity.  They didn't have to do this in a perfectly legit open source fork.

Yes i guess this is a nice gesture that shows some character but to be honest, this is business and every XMR [sic - you mean XCR] accepted is less funds for future development......keep in mind that after reading all the previous posts here the lack of funds is probably what caused this fork in first place...

I totally disagree with this statement.  Are the total Bitcoin and Shapeshift donations to Lisk going to be different if there are 0 Crypti XCR donated than if there are 50M or 100M Crypti XCR donated?  I don't think so.  Why do you think so?

What accepting XCR / Crypti DOES do is reduce the absolute number of Lisk that are handed out to Bitcoin and Shapeshift donors at the end of the ICO.  But as I have said over and over here, as more people and more money of any type gets poured in Lisk, the price of Lisk rises to offset any dilution of holdings.  A donation made in any currency at any time retains its original value at all times during the ICO.  

You do not lose money in the Lisk ICO when more people show up with more money after you!  More money getting poured in makes Lisk more valuable no matter what currency it is!  More people showing up make for a bigger and ultimately more successful Lisk community!