Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LISK] Lisk | ICO | Decentralized Application & Sidechain Platform
by
Splatters
on 21/03/2016, 22:03:23 UTC
Passphrases/keys:

- Everyone who didn't generate a key will be contacted 1-2 weeks after launch. He can then get his LISK via email. This method is not the most secure option, therefore please generate your passphrases ASAP! Also there will be a deadline after which the non-collected LISK will go into the bounty fund.
Everything I've witnessed so far in the LISK ICO has been handled very professionally. Now, the ethical character that is baked into this ecosystem's earliest days will resonate for a long time, so please reflect on the 'Why?' of pushing non-collected LISK into a bounty fund.

I submit that you should not impose a deadline on the non-collected funds. Devs have a fiduciary responsibility not to re-appropriate unclaimed funds, which is somehow incomprehensibly becoming an accepted practice in ICOs (not mentioning any names but you know who you are). It is absolutely unethical to expropriate your earliest supporters' money, no matter what the situation. Yes, ostensibly they are donors, but effectively they are behaving like investors. If they can't or won't claim the LISK, please just leave the claim period open ended, and fulfill the incoming claims once a month. In this way, we will turn more and more people who are late on claims into supporters and proponents of the LISK platform, rather than feeding them sour grapes because their unclaimed LISK was expropriated. Fund seizure is equivalent to the fiat banking practices from which we are trying to escape.

(You could also destroy the unclaimed LISK and refund the BTC back to the return address, but ethically that's probably too much to ask).

Just think it through. People sometimes forget, or they find themselves in situations that make claims very delayed or seemingly impossible. That's just human nature. Blockchains don't forget, and that strength should be used as a benefit for everyone. Humans should not intervene and confiscate future wealth that is growing on the blockchain. Thanks for listening.

This is a very thoughtful post - something of a rarity on this thread.   Thanks for your input.

Lin may very well never return this Crypti, and BTER customers may be out of luck.  Other Crypti donors may hear about the Lisk ICO for the first time from upcoming publicity.  Maybe a possibility is to keep the 2.5M BTER Crypti open as a first-come-first-served exchange pool for tardy Crypti owners whether their excuse is BTER or ignorance of the Lisk ICO.  Service these people until the 2.5M is gone.

There's no good answer, and I suspect that the 1000 people who haven't generated their keys will turn out to be an even bigger headache.

The party's over, time to clean up the mess left behind....

 

I still cant believe people trust BTER.

They are a bloody mobster exchange, Chinese maffia tactics.

They are pure scum who stole BTC before and had a major role in the BitBay story.

BTER is absolute crap and only people who dont give a dime about their money keep it there.

BAH! Undecided

Really awesome, people still using bter after the hack or theft of 7170 btc ?

Yes, unbelievable.

Call it stupidity or lack of research before putting money in someone's hands.


probably the 2nd. It's like people here, many of them have just invested because of the huge amount of BTC rose, but what if people here were talking about a scam, a real scam, fake txi and so on, they don't read, they follow the money, they will lose their money. Crypto needs people like them to let who is informed well to make profit.