Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
by
iimpact
on 26/04/2017, 11:58:24 UTC

Would you complain to the bitcoin miners for not doing anything for bitcoin development?
The miners throw more and more money on the hardware to increase their hash-rate, for getting more dividends.

For me delegates in LISK are similar to the miners in BTC.
The problem here is everyone is expecting the delegates to do awesome work or give a good share of their forged LISK back to the community.
Just like the BTC space, the progress doesn't have to come from the delegates, its the community which drives the progress.

If you believe in LISK, you buy, you hold and you promote, eventually the value and awareness of LISK will increase and you make good returns.
For delegates, with DPOS architecture, its inevitable that groups will be formed and if you are willing to throw lots of money at it, buy loads of LISK and join them.
Unfortunately this is the harsh reality and I don't see any solution to this delegate problem.

BTC mining is totally different system so it's not comparable. Earning 3000 EUR per months for having 10$ VPS installed to forge Lisk is a madness.
DPOS is cool because you can actually make delegates work for the LISK and this is what my proposal is all about. And yes there is a solution, I wrote it in the post you quoted and I think it would solve the problem.

I hope Max and Isabelle see it and take it as a suggestion to solve current problem that we have and make delegates efficient.