Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers
by
abc9876
on 14/05/2017, 10:50:12 UTC
I wanted to bring up a few things that have been on my mind about the elite group.  I know this will sound like an attack, maybe it is, but that is not my intent going into this and rather I just want to say my thoughts. If someone wants to clear things up for me, I hope they do/

What is the Lisk developer's connection to the Elite group?  It seems the group started from a few members, but one of them was a delegate called China.  This account seems to be partially controlled by Max from what I read and I'm sure he approves actions made by the account.  So does he approve of Elite's group and support it since an account he controls was one of the first members and being an elite member requires you to vote for all other elite members (that is okay but it should be stated)?  I noticed just recently this account didn't have to pay the 30% anymore, which seems a little odd too.  Now this delegate gets special privileges?
Also, does isabella support the group?  I had read on lisk chat a while ago about her wife joining it instead of being not part of a group like isabella is.  Why was this?  It was just seen as the easiest/quickest way to get forging without showing the community any reason why except that she had 100,000 or more of LISK?  I am not trying to attack her, but I also know nothing about her.  What makes her a good deelgate to forge except having a big wallet and knowing a lisk developer?

Which brings me to my next concern:  What happened to transparency reports and delegate proposals?  I remeber this being talked about a lot at one time and the developers were recommending everyone to do this.  It seems many just gave up on the transparency reports and Lisk developers gave up too, but what about delegate proposals? How do we know what anyone plans to do as a delegate besides hold thier lisk? we have accepted that just having a big wallet is enough to say you will be a good delegate and we don't need any other information?  An issue that the developers used to make a big issue about, but seem to completely ignore now...

Then there was an issue where it wasn't good if one group controlled more than 50% of the delegates?  Maybe it was just the timing of it, as it seems that isn't a problem, but that issue seemed resolved the same time elite was getting close to 50%...  Why was it ever thought of an issue then?  It seems the code didn't have an changes to fix this, sounds like it was never really an issue but just used as a distraction.  And now there is another type of control issue that no one seems to be bringing up.  Lisk elite can almost decide who gets to forge (with them getting most of the forged lisk now too, soon they will have almost complete control unless more people start voting).  I have watched as they add these new support delegates that were not forging and now they are all forging.  So elite controls who forges?  Also, Why didn't elite just support these delegates before requiring them to give up 30% of their lisk to them?  They didn't think they should be voted unless they pay into elite too?

Lastly, I want o bring up, what I like to call, the magic trick of elite's pool.  The pool requires an address to vote for all of elite to get their rewards.  Looking at the blockchain it seems the total weight voting for all elite members is currently 12,075,661 Lisk.  I don't know the exact weight of the elite group, but from what I can see on the blockchain I think it is between 8-12 million lisk.  So at least 2/3 of their pool is just being returned to their members since their members vote for all elite and can see they are getting payments on the blockchain.  So yes, their pool ways out 25%, but at best only 8% makes it to outside voters.  This is the best case and if all those voters went through the process of verifying their account and making an account on their website which I do not like.  I'm glad they are changing to automatic payouts soon.  The last part of the magic trick seems to be the 5%.  This has been very vague and now it seems some of it is even going back to elite members.  For what?  Payments for some projectswe haven't heard about?  They are all already forging delegates, they don't make enough doing that?  Now they need some payments from their 5% too?

I know the account I"m posting this on is brand new.  I prefer to stay anonymous; I'm sure many will not like me saying this, I want to say my thoughts and hope to get answers.

I am not against Lisk and I hold the lisk I have because I believe in Lisk and know it will go places.