Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
Ether is crashing right now!
I actually went short ETH yesterday pretty big
While opening day trading is anyone's guess, I think LISK has the potential to be far more competitive than ETH long term.
I will actually be going Short ETH at about the time.
The DAO crowdfund has removed a lot of ETH from circulation which is price positive for ETH short term.
Once that is over, the short term supply removal will be over and the reverse supply dynamics will be in effect (ETH in DAO will be invested and spent by the receivers putting downward pressure on ETH.)
On top of that ETH has high inflation so at a $1.2-1.5 Billion valuation, the constant new demand ETH requires just to offset mining is even more than BTC needs to sustain it's price after the halving.
Meanwhile LISK has lower inflation and has already raised the cash in BTC that it will be using to fund LISK development for the following year so the spending of that that won't have a LISK price suppressive effect but will constantly raise it's value as more things are developed.
The DAO crowdfund has removed a lot of ETH from circulation which is price positive for ETH short term.
Once that is over, the short term supply removal will be over and the reverse supply dynamics will be in effect (ETH in DAO will be invested and spent by the receivers putting downward pressure on ETH.)
On top of that ETH has high inflation so at a $1.2-1.5 Billion valuation, the constant new demand ETH requires just to offset mining is even more than BTC needs to sustain it's price after the halving.
Meanwhile LISK has lower inflation and has already raised the cash in BTC that it will be using to fund LISK development for the following year so the spending of that that won't have a LISK price suppressive effect but will constantly raise it's value as more things are developed.
LISK already has a built in DAO of sorts in the form of the DPOS 101 delegate system.
With LISK you could vote for 101 delegates who give the majority of their funding to LISK DAPPS.
So at a Billion dollar valuation ETH is spending hundreds of millions of dollars on mining while LISK at the same valuation would be spending much less, due to lower inflation & more importantly at the end of the year, instead of all that money having been spent on mining, 101 LISK DAPPS could have been funded with >$1 000 000 each. (In return the LISK ecosystem is developed and they could even give income they receive to LISK holders in return for the initial funding, the possibilities are endless.)
In terms of competitiveness LISK would rapidly outpace ETH.
Alternatively LISK users could also vote for delegates who burn the majority of LISK they receive thereby making the inflation minuscule compared to ETH and make it much easier to overtake it with much less demand.
So LISK can obviously and may also add an ETH type DAO but it is already from the outset much more competitively designed imo.
With LISK you could vote for 101 delegates who give the majority of their funding to LISK DAPPS.
So at a Billion dollar valuation ETH is spending hundreds of millions of dollars on mining while LISK at the same valuation would be spending much less, due to lower inflation & more importantly at the end of the year, instead of all that money having been spent on mining, 101 LISK DAPPS could have been funded with >$1 000 000 each. (In return the LISK ecosystem is developed and they could even give income they receive to LISK holders in return for the initial funding, the possibilities are endless.)
In terms of competitiveness LISK would rapidly outpace ETH.
Alternatively LISK users could also vote for delegates who burn the majority of LISK they receive thereby making the inflation minuscule compared to ETH and make it much easier to overtake it with much less demand.
So LISK can obviously and may also add an ETH type DAO but it is already from the outset much more competitively designed imo.