Please view 0:45 to 11:45.  Welcome to our Global Open Beta!

https://youtu.be/4MJlyzJvJtQ?t=45

MONACO IS UNAFFECTED BY WAVECREST FAILURE THAT HAS SHUT DOWN TENX

https://twitter.com/monaco_card/status/949294877979766784

You are saying that PAY token holders can circumvent securities laws just by "not expecting" a reward which is gonna be given to them anyway by the token management?

Ha. Ha. Ha.

JULIAN SPEAKS:

https://blog.tenx.tech/tenx-pay-token-structure-update-4f19be727870

Crypto exchanges seeking to list the PAY token and those on which the PAY token is already listed have requested for some clarifications on the PAY token structure, which were essential for the listing of the PAY token. As we believe that the information we shared with them is also relevant to our community, we would like to list some summarised points below:

Crypto exchanges are not registered as platforms that can trade securities and other regulated products, so they need to ensure that every token or digital asset which they accept on their platforms is not a security or any other type of regulated product. For the overall industry, such due diligence efforts are part of a positive process that will bring more transparency and discipline to all market participants.
To date, PAY token holders have not received any reward of any kind.

The PAY token was never intended to be a security or any other type of regulated product. To further improve its features, we are undertaking a review and update of its current structure and no rewards of any kind will be distributed to PAY token holders under such current structure.

The finalised terms and conditions in relation to rights of PAY token holders and the membership and loyalty programme, based on the updated structure, will be made available to you soon. Such terms and conditions will clarify that the PAY token is not intended to constitute a security or any other type of regulated product (such as an investment contract, debenture or unit in a collective investment scheme).

For a token not to be seen as a security or any other type of regulated product, there must not be any expectation of any receipt of investment returns by its holders. Therefore, we would be unable to provide any assurance that any rewards will be distributed to PAY token holders even under the updated structure and PAY token holders should not expect to receive any rewards even under the updated structure.

As shared by us on multiple occasions, this structure is to ensure that PAY tokens are widely accepted for trading on as many reputable crypto exchanges as possible.

The updated structure will keep crypto exchanges from receiving any potential rewards from PAY tokens, because such exchanges are not intended to be members of the membership or loyalty programme envisioned by us.

We are doing our best to complete the update of the PAY token structure as efficiently and quickly as possible with our legal advisors, and will provide a further update with more details when we are ready. We will update you with a blog post followed by a YouTube Q&A.
We are confident that you, our community and PAY token holders will love the updated structure of the PAY token with the additional features.

We hope the above points clarify any existing uncertainties surrounding the PAY token for our community and partners.

Yeah...Julian is talking about Cryptokitties.

https://www.youtube.com/watch?v=ff-MptS53z8

I have started plugging real data into my ICO progress charts.  The donation numbers come from https://ico.lisk.io/ .  

Bookmark these pages - I intend to update these charts at least every 12 hours, hopefully around noon and midnight UTC, for the duration of the ICO.  

During the first day or two of the ICO I will be updating them hourly or so.

How Many Lisk You Will Receive For One Bitcoin (BTC)

https://docs.google.com/spreadsheets/d/1iOEdaRnBmSAO5miW7xYheeYUgo5wL9l9BONw6x21nQg/edit?usp=sharing

How Many Lisk You Will Receive For One Crypti (XCR)

https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit?usp=sharing

The Satoshi Price For One Lisk

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharing

Bitcoin is dying.  I really meant it when I said back on page 42 that they were in an miner exponential death spiral.

https://bitcointalk.org/index.php?topic=1346646.msg13959908#msg13959908

Don't feel sorry, don't feel bad, everything is OK.

Test.  Test.  Test.  Test.  Test.

Get some sleep.

Test some more.

Test.  Test.  Test.  Test.  Test.

Only push the launch button when everything is OK.

The blockchain starts running at the end of IPO around March 22.  There is no mining algorithm.  There is a circle of 101 elected delegates, and they take turns cooperatively adding blocks to the blockchain.  Blocks are added every 10 seconds and any particular delegate will add their block every 17 minutes.   Each delegate will receive around 150K Lisk in year one for their service, accumulating 5 Lisk per block added.  In subsequent years they will earn less.  This system is like clockwork and maximizes efficiency.  It is is one of many points that make Lisk superior to Bitcoin and Ethereum.

I totally disagree with this statement.  Are the total Bitcoin and Shapeshift donations to Lisk going to be different if there are 0 Crypti XCR donated than if there are 50M or 100M Crypti XCR donated?  I don't think so.  Why do you think so?

What accepting XCR / Crypti DOES do is reduce the absolute number of Lisk that are handed out to Bitcoin and Shapeshift donors at the end of the ICO.  But as I have said over and over here, as more people and more money of any type gets poured in Lisk, the price of Lisk rises to offset any dilution of holdings.  A donation made in any currency at any time retains its original value at all times during the ICO.  

You do not lose money in the Lisk ICO when more people show up with more money after you!  More money getting poured in makes Lisk more valuable no matter what currency it is!  More people showing up make for a bigger and ultimately more successful Lisk community!

To allow the original Crypti investors a pivot / transfer path into a new coin (Lisk) that uses the code base they paid to develop.  In my opinion, this option shows Max and Olivier have true integrity.  They didn't have to do this in a perfectly legit open source fork.

Roger, I will update them daily.  

Note I have now made three charts instead of the original two.  Here are the links, you will want to update the OP with these links.  Note that the link you currently have labeled as "Bitcoin" in the OP is actually the "Satoshi" chart.

How Many Lisk You Will Receive For One Bitcoin (BTC)

https://docs.google.com/spreadsheets/d/1iOEdaRnBmSAO5miW7xYheeYUgo5wL9l9BONw6x21nQg/edit?usp=sharing

How Many Lisk You Will Receive For One Crypti (XCR)

https://docs.google.com/spreadsheets/d/1GwWKK7bpjYTxtQRIq_l2xiKI9rEOpTU1oTt0q3C6Mc8/edit?usp=sharing

The Satoshi Price For One Lisk

https://docs.google.com/spreadsheets/d/1Q2MJ25_bK5Yi60FYohYCUEkujUtL5c0P1dOdlDMPMBI/edit?usp=sharing

I think they are correct, but they have not been independently verified or approved by the Lisk management.   If you check the formulas and find an error, please let me know.

Maybe edit your post to avoid repeating yet again the content you find pointless.

If that clock is frozen for you in Internet Explorer (like it was for me), try looking at it in Chrome.

I stand by my statements but  I recognize what you are saying may well be a valid secondary point.  

More and more people buying into Lisk during the ICO definitely raises the starting price of Lisk on exchanges after the ICO - that is an undeniable mathematical fact.  More and more people dumping on exchanges after an ICO to make money after an initial price pop is an undeniable psychological fact.  

If the coin is a "typical" one, then yep, you can buy in at the cheaper post-IPO exchange dump price.  The gamble you are taking - HOW MUCH will you then be able to buy if it turns out to be a "hot" coin?  If there is something special about the coin that makes people believe it has a bright future, then a higher proportion of people will hold it instead of put it on the market for sale.  When it hits that post-IPO profiteering price low, and starts to take off like a rocket, there won't be a lot for sale.

It's a matter of belief.  If you believe Lisk is something special that's headed to da moon, buy it during the ICO and get the best maximum overall ownership share you will ever achieve.  If you believe Lisk is just another coin, buy it at fire-sale prices during a post-ICO coin dump and price slump, and get as much as the market will allow you to have.

I'm buying my Lisk during the ICO.

You comment has made me become an Instant Google Expert on Heinrich Sudermann and the Hanseatic League.  Very interesting.  A most impressive German legal tradition, starting in roughly the same time period as the fundamental basis for English law, the Magna Carta.  Lisk would have fit right in with the Hanseatic League.

https://de.wikipedia.org/wiki/Heinrich_Sudermann

https://en.wikipedia.org/wiki/Hanseatic_League

Great job on escrow - that is indeed the tricky part, and you have handled it very well.

Because the "genius devs of Lisk" only win if Lisk is a success.  And Lisk will only be a success if it avoids the management problems that befell Crypti XCR.  Since Lisk is effectively a palace coup against weak Crypti management, it's a good bet these Lisk devs aren't going to make those same mistakes again.