Re: [LISK] Great Relaunch Event on February 20, huge price surge?

After 2 years of development and millions taken from their ICO, this is the best they can come up with? What happened to their child chain or is it side chain implementation for dapps? That was the selling point of their project wasn't it?

I also have not seen any known projects that used Lisk as their platform for smart contracts and dapps. Why is this?

At least Ethereum has the Cryptokitties hehehe.

I really think some people are too impatient. I know crypto is a really fast moving/fast-paced market. But that does not supply to Crypto Startups. I mean how could it. Those things usually take years of development, look at Ethereum, Neo.. I even think that's pretty fast to be honest.

Yeah, the side chains should be the child chains. And I guess there a no projects that build on Lisk because it's not possible yet. But this is going to change soon, basically that's the point of this whole thing. I hope they'll announce when exactly at the event :d
Also Lisk has actually nothing to do with smart contracts (as for now). But they do have the side chains which could allow 'similar' stuff or rather allows to implement stuff like that. You could even use the Ethereum blockchain for implementing smart contracts and run it on top of your Lisk applications if you wanted to as far as I know. That's the huge advantage of side chains.
So if there were Cryptodogs or whatever built on Lisk using a side chain it would not affect Lisk at all.

I reckon the Lisk development team, like some of the developments teams in the past, have overpromised but underdelivered. Also, wasn't Lisk's founder also involved in Crypti? Remember that? That was another project that overpromised but did not live up to the promise after burning through their budget.

Yeah, probably. When Crypti wasn't continued anymore, Lisk was forked and Oliver and Max began to step in Crypti's footsteps with Lisk.
I think a huge problem for Crypti that time was the absence of funds to development for years.
Here's a good summary about this (last answer): https://www.reddit.com/r/Lisk/comments/7vouf8/lisk_fork_of_crypti_questions/

"Your question is a good one.

To help you understand, Crypti was a project that was created near June 2014 to offer a decentralized application platform for javascript developers. Months after the launch of this project, certain things transpired and the development and overall advancements to reach a fully operational platform slowed down and led to the Crypti project eventually dying. The last commit of Crypti was recorded to have taken place in Oct 2015. Within this time things were idle for many months until Max and Oliver stepped in, to put together the idea of continuing the Javascript Decentralized platform objective and in turn birth Lisk. On the 24th of May, 2016, the Lisk Mainnet went live (7 months after the last Crypti commit) but soon after, it was realized that with the evolution and ambition Lisk envisioned for the blockchain space that this finding would require a shifting focus on the stabilization of the Lisk codebase (Lisk Core) prior to continuing the development and implementation of side chain functionalities. The thing that came between this was that it required more resources than what was anticipated to stabilize Lisk core because of how Crypti handled the project and because Lisk's funding was temporarily limited (Non-Profit not being approved) it resulted in Lisk not possessing the resources that was needed to fully optimize the Lisk development. This situation all changed at the start of 2017, when Lisk was fully approved as a Swiss non-profit and was finally allowed the usage of the crowd sale funding to begin the path that we are on today; which is the laser focus of developing the greatest most secure, scalable and accessible javascript platform that allows for side chain development. And if you were to see in this small time so many advancements has been made and so many additions to the Lisk team also. So in essence, it has not taken Lisk all this time, in reality it's just been 1 year

.

Our development team works every day (and night) to provide the world with something that is solid and that we genuinely believe in and with how things are going when the launch and release comes we are surely not expecting to disappoint anyone. We are just making sure that we do this more than right, great.

Hope this helps you understand the timeframe of everything and why, how, things have been unfolding.

-Jan | Community Manager"

I am really confident that Lisk will eventually reach all their goals. They have enough funds now and a really good team. Also that's why I am excited about the event on 20th of February.
I think a huge problem at the moment (in crypto especially) is that people are really impatient. It just takes a lot of time to develop software. I find Lisk's team to really be transparent in what they do giving weekly/monthly updates etc.