Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
MGM
on 20/03/2016, 18:59:46 UTC
+1 vote for putting 8% Devs share under a “scheduled release” contract.
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.

+1 on no retroactive mods to the ICO terms.   The donations of BTC and XCR that have been made to Lisk are effectively gifts to Max and Olivier for which you have no right to expect anything in return.  If you suddenly make them "not gifts" subject to "contracts" then you are suddenly opening up a HUGE legal Pandora's Box.  We do not want to go there.  

Plus, I am no lawyer but it seems to me that a true legal contract is not possible here on any topic.  Max is in Germany.  Olivier is in the UK.  Pretend for a minute they did sign a scheduled release contract and then dumped 8M Lisk on April 1 anyway.  Now what?  What court are you going to go to and adjudicate this so-called contact you want? The Court Of The Internet?

Practically, what you want is a scheduled release "pledge".  Max has said he is going to hold his Lisk for a long time.  That is the pledge you are looking for.  You have what you want!

Now it is time to just sit back and watch Max's actions to see if he is a man of his word.

 

I HEREBY OFFICIALLY VOTE THAT THE LISK ICO BE DECLARED OVER AT 6000 BTC (BEFORE THE RECENT 1000 and 300 BTC DONATIONS) TO AVOID A HOSTILE TAKEOVER OF THIS COIN IN THE REMAINING 64 HOURS.

dream on...
they had to do a hard cap in the beginning already. now its against the rule...
I would like it, but I guess it doesn't work

Offer refunds for a breach of the rules.  Nobody will ask for a refund.

Yea, but why should they do that? The more we spend, the more they get...

Max and Oliver are losing control of this coin.  Two people now own more Lisk than the Lisk Foundation does.  What happens when the next whale comes in with 2000 BTC?  5000 BTC?  These could very well be Ethereum "newly rich" that absolutely do not have the best interest of Lisk at heart.

We are in hostile takeover territory.


There won't be a fixed limit which can be announced before. If we see after the ICO that an individual would end up with over 20% of all LISK, we will contact him and explain the case to him in private. We (or our escrow partner) will then transfer him the excessive BTC back. However, to be over 20% one would probably need to exchange over 100 BTC minimum. Smiley

So let's just say nothing is set in stone. ICO terms can be altered.

First you say NO to change ICO terms to put 8% Devs share under a “scheduled release” contract.

Later you say  YES to change ICO terms to close ICO following take over by 1300BTC Ether whale who may want to control/destroy Lisk.


Looks like people who've been hyping this ICO are butthurt that their Lisk share shrunk much further than what they anticipated...LOL
They shot themselves in the foot. Big time! LMAO.