Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
by
honolulumark
on 19/10/2016, 16:59:26 UTC
So I am out. I even was going to be a delegate etc. Let's recap things.

Here are some points:

1) Lisk is a javascript coin. I am a javascript developer. I like javascript but it is not meant for very big codebases in the backend.
The javascript that is on the github repo is old. it doesn't use promises or the es6 syntax. it's like a legacy codebase.
2)Having a limited number of delegates cannot scale for very obvious reasons. Vertical scalability is not good for decentralization purposes.
3)Lisk hasn't got a whitepaper

State of affairs:

1) Lisk has no meaningful development for the last months
2) Lisk promised delegates from the beggining of its launch which still isn't the case
3) Lisk made a very bad launch that couldn't even get the client going , they had the wrong tests in place
4) Lisk has failed to hire any developer for months.
5) Lisk has failed to make a company, you could do that in Estonia in one day and many other countries. Yes legal issues but they could/should get resolved.

All in all, Lisk got MILLIONS in funding and had done NOTHING. What makes you think things will change? And why does it matter if things change? Progress will be super slow.

In my personal opinion, it's either that the Lisk team is incompetent or they will slowly transform into a scam/failed project (deliberately).

And yes, I first sold my coins at a loss after months and then wrote this message. Good luck to the other poor investors.


yeah, things would be way different if they had something working, like being able to spit out a js script and just have it work, but I agree with everything you said pretty much.
And I got out a long time ago. Who knows, maybe some devs can take it and make it functioning.
I think the biggest mistake was trusting a one dev team that didn't even write the code( crypti ) the project was cloned from.