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.
What makes you say that Lisk's
bigger funding would be a path to success? What if they bankrupt themselves and still no projects have started to use Lisk as their main platform?
Remember that regulators are coming after the ICOs and that would cause a use case shortage for platforms like Lisk.
It's not. It's just way more comfortable to have enough funds to pay employees for the next years, even without any potential income.
If they bankrupt themselves Lisk will not be successful, obviously. I just don't think that will happen since they really behave reasonably with their funds.
I even think it's a good thing that ICOs will be or rather might be regulated one day. Regulation is in my opinion a real chance for everyone to get into crypto. There would be some drawbacks first but in the long run it's the right move. Also you don't only need those kind of platforms for ICOs.
'Real developers' could just build real applications with a use case on Lisk, as an example. Businesses could build on Lisk. I don't really see why it should only benefit from ICOs.
Lisk so far has failed to deliver anything useful which is why the price is below what it should be. If the relaunch even is successful and they actually deliver what they intend to, then the price will pump spectacularly. However, if like the November event of delivering nothing but promises - it will tank. Lots of potential here, but lets see what happens
I guess this is true for the time being. That's why I really hope that they have some nice announcements at the event. I think expectations in November were just too high. I guess it was supposed to be just a normal meetup but people pushed it to be some kind of 'Rebranding event'. Which it wasn't.
But yeah, let's see. I'm excited.