Welcome to part 4 here of this Lisk video, so I wanted to make this really quick for you guys while I’m on the plane waiting for everyone to get boarded. I want to share with you guys what I expect the timeline to be for the success of Lisk.io.
So when I originally invested into all the other cryptocurrencies, I took a lot of risk because at the time when I invested in NXT and Ethereum, and all that stuff, what happened was there’s not a proven timeline for their success, there’s no way for us to tell how long it takes for any of this stuff to succeed.
However, the timeline for Lisk.io is much shorter than Ethereum or any of the other ones. And here’s what I believe the reason. Because they are cloning the software from other people. The other thing is that Max, when he left the NXT, he went over to work at Cryptsy and so his current buddy that’s helping him start the Lisk, they were both at Cryptsy and many of you guys know Cryptsy has been around for a while, and I haven’t done a lot of research into what they did at Cryptsy, but I do know that they were helping out over there, so they were involved….
So what happened was they left, there were some disputes. I don’t know if it’s a dispute in a bad way, Max and his buddy had a different mindset and a different view of the direction of Cryptsy, and so they decided to leave Cryptsy and start their own cryptocurrency with Lisk.io is my understanding.
So the reason why I’m sharing this with you guys is that their timeline is much shorter and much more compressed for NXT or for Ethereum or any of those, simply because they are taking something that’s already working and just going in a different direction with it.
So it’s not like they are starting the code from scratch like Ethereum was, or like NXT was, so because of that I feel like they are going to have a faster timeline on when they get things done. And the other thing is that I think that my understanding is that they are not going to use any of the funds that they raised until they actually release their software.
So to me, it’s one way to make the investors feel more comfortable in investing with them is that they’re not actually going to touch the money until they actually release the software, at least the first version of it, so that the public knows that they are capable of producing what they claim they will produce.
So I just want to share that with you guys really quick that when you guys put your money with a Lisk.io, I don’t think that’s going to take a year and a half as it did with Ethereum to go up.
So hopefully this video helps you guys out and if you like it give me a thumbs up, you don’t like it give me a thumbs down. It doesn’t hurt my feelings, just lets me know if I should make more videos like this or not.
So thanks for watching this video guy, and the flight attendants are looking at me retarded. I’d better cut this video off.