Quote from: tuvok007 on October 19, 2016, 08:03:59 PM

Quote from: snowboard789 on October 19, 2016, 04:36:42 PM

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.

But Dude,you will be kicking yourself really hard because now is the time when whales are squeezing to the max all the weak investors,pump will happen in the future.

I agree with some points but overall I think it's too early to say that this is a failed project. What makes me scratch my head is: What would happen after the successful gGmbH formation? Sure, devs would have full access to their funds and could hire more devs. The news would lead to a nice pump (and subsequent dump by dissatisfied long time bagholders). If no significant news about development/partnerships/dApps follow, we will end up with the same price in the long run. Now, it's not like they had no budget or funds at all until now which makes me think: The slow overall progress (f.e. hiring process,rebranding etc) . Is it really a money or management issue? Why did visiting conferences have a higher priority than setting up an office/hiring devs? How successful were the conference visits really? Did they help to spark any new interest in this project? Maybe potential future partnerships? Why does the CEO publicly talk about losing an interview with a potential employee? Did he and his partner do some research about forming a company or the overall chances/climate of Germany's blockchain industry before ICO? Lisk is still a start up and needs time to grow. But maybe they should think about improving their way of handling things and invest some money in management professionals.