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[ANN] Jinn singapore
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smartwart

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Re: [ANN] Jinn
« Reply #780 on: December 09, 2014, 01:33:21 pm »


That is the share price right now, which isn't important.
...


that would imply current nxt price isn't important too.
what was your question?
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semibaron

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Re: [ANN] Jinn
« Reply #781 on: December 09, 2014, 01:45:03 pm »


That is the share price right now, which isn't important.
...


that would imply current nxt price isn't important too.
what was your question?


Maybe we speak different languages, sorry. Jinn raised X amount NXT. X was worth Y$ at time of IPO.
Now X is worth Z$, with Z<Y. Amount of X didn't change over time.

The question: While NXT is on the decline, X was converted into $, will X be worth enough $ to complete Jinn?
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rlh

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Re: [ANN] Jinn
« Reply #782 on: December 09, 2014, 02:00:41 pm »

Semibaron, I understand your concern but I don't think it's an issue.  It is my assumption (if I recall correctly from chitchat on this thread) that the IPO was to raise a bit of "safety net" funding.  If the funding isn't enough and they absolutely needed to raise more funds, they could sell new shares.  Since they held a large portion of the stake, selling an extra 5, 10, 20 percent wouldn't have much bearing on the price of the asset.

I doubt that day will come, but that's how it could work fairly in a worst case scenario.
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smartwart

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Re: [ANN] Jinn
« Reply #783 on: December 09, 2014, 02:04:53 pm »

Jinn raised X amount NXT. X was worth Y$ at time of IPO.
Now X is worth Z$, with Z<Y. Amount of X didn't change over time.

The question: While NXT is on the decline, X was converted into $, will X be worth enough $ to complete Jinn?

please realize the fact that they raised money by selling shares.
if you achieved this, you get the answer of your question ;-)

cheers!
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #784 on: December 09, 2014, 02:10:00 pm »

The question: While NXT is on the decline, X was converted into $, will X be worth enough $ to complete Jinn?

Jiniri is supposed to be monetized. Price of 1 NXT may be irrelevant at all.
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Triangle

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Re: [ANN] Jinn
« Reply #785 on: December 09, 2014, 02:24:19 pm »

Semibaron is indeed correct in that we have a lot less funds now than we did after auction. We also mentioned this in the risk section of the prospectus, this is one of the facts that make this a high-risk investment, our funds are tied up in a highly volatile crypto that could *in theory* crash the second the auction was over, at which point we'd have nothing.

However we obviously anticipated the potential for a crash and converted a significant portion into bitcoin and fiat to make sure we had all immediate costs taken care of. So we have the ability to pay for our main developers and begin the hardware prototyping. We're a very frugal start-up. Of course the absolute best thing for Jinn would be that NXT price went north again, this would allow us to move ahead much faster without worrying about suddenly running cash-dry.

But it's also true as others have mentioned: we intend to finish this no matter what. The potential is too great to not do everything imaginable to make sure this project succeeds. And with Jiniri monetization we plan to generate revenue long before Jinn chip.
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Funkylump

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Re: [ANN] Jinn
« Reply #786 on: December 10, 2014, 12:02:16 pm »

Sorry to bring the conversation back to a topic that has been addressed but I don't think Triangle realizes why the website is important. Even without a completed product to offer, we still want clear information about the project.

We, the supporters, have invested in your dream because we too believe in it and we believe you can make it a reality. It's ok that you don't have a finished product. You communicated your plan (through your website) and we funded the dream. For the time being, that information is your product. But now, for some strange reason, you took that information away.

Jinn is one of the few projects that I'm aware of that is being funded through crypto but has scope far beyond it. Even people who don't believe in bitcoin can still believe in Jinn. I want to be able to tell my friends to check out what you guys are doing and help garner interest, but there is nowhere to direct them.

The website doesn't have to be fancy, but at least somewhat informative. Please don't give info then take it away.
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rlh

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Re: [ANN] Jinn
« Reply #787 on: December 10, 2014, 01:01:59 pm »

+1.  At least put a converted PDF of the prospectus up.  Speaking of, the link to the prospectus was broken the other day.  Can we get a new link?  I have a couple questions but I think they were answered in your original documents.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #788 on: December 10, 2014, 01:04:56 pm »

Sorry to bring the conversation back to a topic that has been addressed but I don't think Triangle realizes why the website is important. Even without a completed product to offer, we still want clear information about the project.

We, the supporters, have invested in your dream because we too believe in it and we believe you can make it a reality. It's ok that you don't have a finished product. You communicated your plan (through your website) and we funded the dream. For the time being, that information is your product. But now, for some strange reason, you took that information away.

Jinn is one of the few projects that I'm aware of that is being funded through crypto but has scope far beyond it. Even people who don't believe in bitcoin can still believe in Jinn. I want to be able to tell my friends to check out what you guys are doing and help garner interest, but there is nowhere to direct them.

The website doesn't have to be fancy, but at least somewhat informative. Please don't give info then take it away.

I can say nothing related to financial and administrative areas, but I can update on technical part.

Right now I'm working on Aftermath. I call it a Skyrim mod, but this is only for convenience of people who don't know the details. Actually, the main goal of Aftermath is to "prove the concept", not to create a mod. In plain English it means that I'll write a backend using Jiniri and then Skyrim fans will run their game that will work as a viewport to Aftermath. Some players could run, for example, Fallout New Vegas, or GTA, or Assassin's Creed and play together in the same world, but you can imagine what a mess this would be.

I had planned to run an alpha-test in a week or two, but suddenly completed the tasks much earlier. While I'm waiting for hardware to deploy the backend too, I'm writing some extra stuff for Aftermath (like a chat). The test aims to do two things - test networking part and collect statistics. Now players can only travel around the world, interact with environment and chat. They can't craft nor fight, they don't even have animation yet, only static models. This will be added later, after statistical model of the world is built.

As I said players could run any game (some modifications required though) and connect to Aftermath. The backend is game agnostic, but some info is required to prevent cheating. By travelling alpha-testers will be creating waypoints, this will allow the backend to detect cases when a player attempts to repeat such a trick - https://www.youtube.com/watch?v=9v-R-VhpEfA - and ban him.

If someone wants to take part in the test - download the latest English version of Skyrim from Steam. A cracked version may not work (not sure, depends on changes in the executable file). There will be special tasks for the testers, their completion will be granted with in-game gold that could be used to buy houses and other stuff in Aftermath. Tasks, bug reports and special events are supposed to be the only way to get gold (I don't count selling in-game items to other players, this is mainly what the gold will be used for).
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maxll

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Re: [ANN] Jinn
« Reply #789 on: December 11, 2014, 07:29:43 am »

How do you do think is it possible in a future that we could convert some MS-based coins to ingame gold?
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Uniqueorn

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Re: [ANN] Jinn
« Reply #790 on: December 11, 2014, 01:36:00 pm »

edited
« Last Edit: December 11, 2014, 01:40:12 pm by Uniqueorn »
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Triangle

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Re: [ANN] Jinn
« Reply #791 on: December 11, 2014, 01:41:25 pm »

Sorry to bring the conversation back to a topic that has been addressed but I don't think Triangle realizes why the website is important. Even without a completed product to offer, we still want clear information about the project.

We, the supporters, have invested in your dream because we too believe in it and we believe you can make it a reality. It's ok that you don't have a finished product. You communicated your plan (through your website) and we funded the dream. For the time being, that information is your product. But now, for some strange reason, you took that information away.

Jinn is one of the few projects that I'm aware of that is being funded through crypto but has scope far beyond it. Even people who don't believe in bitcoin can still believe in Jinn. I want to be able to tell my friends to check out what you guys are doing and help garner interest, but there is nowhere to direct them.

The website doesn't have to be fancy, but at least somewhat informative. Please don't give info then take it away.


I can understand your sentiment, but we have indeed given info in this thread and updates. I realize that of course as an investor you want as much info as possible, but from week to week there is often no more to report than "X more lines of code written" and "Dicussed CPU architecture with X" and "Our electrical engineers did this thing" and that is exactly the sort of updates I have given. Plus we've already informed everyone that they can check out the repository on github.com/Come-from-Beyond/


The reason we decided against giving out the sort of updates I think you are more interested in E.G. future plans for Jinn and Jiniri, how they will fit into the market, strategic choices etc. is simply because we want to protect your investment by getting to some milestones (release Jiniri Limited and Aftermath as Proof of Concept) before we open ourselves up to more competition. Don't forget that the competition got tens of billions of dollars, we don't even have a fraction of a fraction of a fraction of that, plus most of it is in crypto. This is David vs 10 Goliaths, and while we feel confident that once again David will win, we don't want to make it extra hard on ourselves just yet.


But like we've promised, as soon as Jiniri Limited and Aftermath can be released, we will release the full website and at that time start light marketing for the entire project. At that point we'd love everyones help to spread our vision.
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Fatih87SK

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Re: [ANN] Jinn
« Reply #792 on: December 11, 2014, 01:47:24 pm »

Sorry to bring the conversation back to a topic that has been addressed but I don't think Triangle realizes why the website is important. Even without a completed product to offer, we still want clear information about the project.

We, the supporters, have invested in your dream because we too believe in it and we believe you can make it a reality. It's ok that you don't have a finished product. You communicated your plan (through your website) and we funded the dream. For the time being, that information is your product. But now, for some strange reason, you took that information away.

Jinn is one of the few projects that I'm aware of that is being funded through crypto but has scope far beyond it. Even people who don't believe in bitcoin can still believe in Jinn. I want to be able to tell my friends to check out what you guys are doing and help garner interest, but there is nowhere to direct them.

The website doesn't have to be fancy, but at least somewhat informative. Please don't give info then take it away.


I can understand your sentiment, but we have indeed given info in this thread and updates. I realize that of course as an investor you want as much info as possible, but from week to week there is often no more to report than "X more lines of code written" and "Dicussed CPU architecture with X" and "Our electrical engineers did this thing" and that is exactly the sort of updates I have given. Plus we've already informed everyone that they can check out the repository on github.com/Come-from-Beyond/


The reason we decided against giving out the sort of updates I think you are more interested in E.G. future plans for Jinn and Jiniri, how they will fit into the market, strategic choices etc. is simply because we want to protect your investment by getting to some milestones (release Jiniri Limited and Aftermath as Proof of Concept) before we open ourselves up to more competition. Don't forget that the competition got tens of billions of dollars, we don't even have a fraction of a fraction of a fraction of that, plus most of it is in crypto. This is David vs 10 Goliaths, and while we feel confident that once again David will win, we don't want to make it extra hard on ourselves just yet.


But like we've promised, as soon as Jiniri Limited and Aftermath can be released, we will release the full website and at that time start light marketing for the entire project. At that point we'd love everyones help to spread our vision.

I think you misunderstand Funkylump.

He is looking for the information we all read before we participated with the dutch auction.

He can't find this information, because you took the website offline.  ;)
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Funkylump

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Re: [ANN] Jinn
« Reply #793 on: December 12, 2014, 12:53:46 am »

Yes. Exactly as Fatih87SK said.
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gbcholgi

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Re: [ANN] Jinn
« Reply #794 on: December 12, 2014, 03:37:13 pm »

Sorry to bring the conversation back to a topic that has been addressed but I don't think Triangle realizes why the website is important. Even without a completed product to offer, we still want clear information about the project.

We, the supporters, have invested in your dream because we too believe in it and we believe you can make it a reality. It's ok that you don't have a finished product. You communicated your plan (through your website) and we funded the dream. For the time being, that information is your product. But now, for some strange reason, you took that information away.

Jinn is one of the few projects that I'm aware of that is being funded through crypto but has scope far beyond it. Even people who don't believe in bitcoin can still believe in Jinn. I want to be able to tell my friends to check out what you guys are doing and help garner interest, but there is nowhere to direct them.

The website doesn't have to be fancy, but at least somewhat informative. Please don't give info then take it away.

I can say nothing related to financial and administrative areas, but I can update on technical part.

Right now I'm working on Aftermath. I call it a Skyrim mod, but this is only for convenience of people who don't know the details. Actually, the main goal of Aftermath is to "prove the concept", not to create a mod. In plain English it means that I'll write a backend using Jiniri and then Skyrim fans will run their game that will work as a viewport to Aftermath. Some players could run, for example, Fallout New Vegas, or GTA, or Assassin's Creed and play together in the same world, but you can imagine what a mess this would be.

I had planned to run an alpha-test in a week or two, but suddenly completed the tasks much earlier. While I'm waiting for hardware to deploy the backend too, I'm writing some extra stuff for Aftermath (like a chat). The test aims to do two things - test networking part and collect statistics. Now players can only travel around the world, interact with environment and chat. They can't craft nor fight, they don't even have animation yet, only static models. This will be added later, after statistical model of the world is built.

As I said players could run any game (some modifications required though) and connect to Aftermath. The backend is game agnostic, but some info is required to prevent cheating. By travelling alpha-testers will be creating waypoints, this will allow the backend to detect cases when a player attempts to repeat such a trick - https://www.youtube.com/watch?v=9v-R-VhpEfA - and ban him.

If someone wants to take part in the test - download the latest English version of Skyrim from Steam. A cracked version may not work (not sure, depends on changes in the executable file). There will be special tasks for the testers, their completion will be granted with in-game gold that could be used to buy houses and other stuff in Aftermath. Tasks, bug reports and special events are supposed to be the only way to get gold (I don't count selling in-game items to other players, this is mainly what the gold will be used for).

ok, is there a first task? how to start?
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #795 on: December 12, 2014, 03:41:16 pm »

ok, is there a first task? how to start?

There will be an announcement on http://aftermath.ipbhost.com/ in several days.
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gs02xzz

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Re: [ANN] Jinn
« Reply #796 on: December 12, 2014, 05:02:00 pm »

Yes. Exactly as Fatih87SK said.

as someone mentioned before, here is a copy of the original information you were looking for - https://nxtforum.org/(chinese)/jinnlabs-com/ ;)
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #797 on: December 14, 2014, 09:44:16 pm »

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Nxter

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Re: [ANN] Jinn
« Reply #798 on: December 14, 2014, 10:50:36 pm »

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sadface

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Re: [ANN] Jinn
« Reply #799 on: December 14, 2014, 11:03:30 pm »

http://aftermath.ipbhost.com/index.php?/topic/4-alpha-1/

is it necessary to own Skyrim for the alpha testing?

Quote
1. Download "aftermath.zip" attached to this post (it contains "aftermath.exe" and "aftermath.dll")

2. Unzip the files into Skyrim folder (where "TESV.exe" is situated)

from the installation instructions.
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