Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
by
ImI
on 25/02/2017, 14:28:12 UTC
Lisk has 10.9k BTC and you mean, the Foundation can distribute just as 5000 BTC - so simple. Hah

Never said it necessarily going to be simple.

This is for the development of a future project over the next years! Do you really think investors have put money into Lisk, so that Lisk distributes this money again?

Lisk i a perfect example of an overfunded project, especially now since the value of the BTC in custody have risen like x3. I state that for the success (or eventual failure) of this enterprise it makes absolutely ZERO difference if the foundation holds 10.9k BTC or 6k BTC. Having money is one thing bringing all that money to being productive and earning actual positive net-value is a completely different thing. And not necessarily one that equals more money = more success.

Otherwise you could go to some idiot and give him 10m$ and go: Hey make some more money out of that!

But that's obv not how that stuff works.

I myself dont hold any Lisk nor do i have any other interest in Lisk. Just wanted to bring up an idea as i saw someone mentioned a buyback program, which is essentially very similar to paying out a dividend.

Just enriching your little discussion here, thats all, as i am under the impression that most folks in here have zero understanding of basic financials and economics.