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Author Topic: [ANN] Jinn  (Read 143984 times)

gs02xzz

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Re: [ANN] Jinn
September 23, 2014, 05:14:10 pm

Are the 100,000 shares all you plan to sell in this round? (yes, the info is in the prospectus)

How do you not reveal the sell prices if the transactions are on the AE?
« Last Edit: September 23, 2014, 05:25:52 pm by gs02xzz »
Nxt Mission is to commercialize the crypto technology and build new commerce and society.

Sebastien256

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Re: [ANN] Jinn
September 23, 2014, 05:17:38 pm

Are the 100,000 shares all you plan to sell in this round?

How do you not reveal the sell prices if the transactions are on the AE?

They will dump in the bid when they feel it is the right time... lol
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

abuelau

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Re: [ANN] Jinn
September 23, 2014, 05:17:43 pm

This sounds cool.

Can you explain why didn't Intel or AMD think of this?

kodtycoon

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Re: [ANN] Jinn
September 23, 2014, 05:19:52 pm

This sounds cool.

Can you explain why didn't Intel or AMD think of this?

cos they dont come from beyond :D

msin

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Re: [ANN] Jinn
September 23, 2014, 05:20:34 pm

This sounds cool.

Can you explain why didn't Intel or AMD think of this?

Because it's far more profitable for them to sell vertical scaling processors.

devphp

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Re: [ANN] Jinn
September 23, 2014, 05:21:51 pm

I don't usually sell processors, but when I do, it's horizontal scaling ones.

2Kool4Skewl

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Re: [ANN] Jinn
September 23, 2014, 05:27:19 pm


We updated the post....

Who are we (apart from CfB I suppose...)?

This.

Also, where are the team members located and what country is the company incorporated in?

BTW, I like the logo.  :)
We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
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Come-from-Beyond

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Re: [ANN] Jinn
September 23, 2014, 05:30:13 pm

To give us an idea of the value of your business, how many man-hours has been put into this project already? conservative upper and lower bound would be interesting. TY

I have been working in game development since ~1997 (you can find some my gamedev-related articles dated by the last century). At some point (~2004) I switched to MMO-games (back-end part). The performance of MMOG engines didn't satisfy me even after I tried to squeeze every ounce of it from what I had. I moved from operating system level closer to the silicon (BareMetal OS and UEFI) but it only made obvious the fact that instant processing of events in distributed environment is impossible. Jinn is launched to provide a way to come as close to the limits of this world as possible.

How many man-hours has been put? I spent years on that, Jinn is sprung from the very dream that made me to study a big bunch of programming languages and technologies.

bezbezbez

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Re: [ANN] Jinn
September 23, 2014, 05:31:26 pm

This sounds cool.

Can you explain why didn't Intel or AMD think of this?

IBM Think about it.

Come-from-Beyond

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Re: [ANN] Jinn
September 23, 2014, 05:39:12 pm

This sounds cool.

Can you explain why didn't Intel or AMD think of this?

They did for sure. But they can't sell hardware that doesn't have software to run.

BitcoinForumator

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Re: [ANN] Jinn
September 23, 2014, 05:41:34 pm

To give us an idea of the value of your business, how many man-hours has been put into this project already? conservative upper and lower bound would be interesting. TY

I have been working in game development since ~1997 (you can find some my gamedev-related articles dated by the last century). At some point (~2004) I switched to MMO-games (back-end part). The performance of MMOG engines didn't satisfy me even after I tried to squeeze every ounce of it from what I had. I moved from operating system level closer to the silicon (BareMetal OS and UEFI) but it only made obvious the fact that instant processing of events in distributed environment is impossible. Jinn is launched to provide a way to come as close to the limits of this world as possible.

How many man-hours has been put? I spent years on that, Jinn is sprung from the very dream that made me to study a big bunch of programming languages and technologies.

God damn, are you an engineer or a nigger?!

(btw, the quote is from the movie 12 years a slave, to emphasize how impressed I am by reading this. But you should watch the full movie and this scene to get a proper effect)

It's very near this scene on Youtube:

https://www.youtube.com/watch?v=oOUqVuNzkA8
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Triangle

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Re: [ANN] Jinn
September 23, 2014, 05:42:18 pm

Are the 100,000 shares all you plan to sell in this round? (yes, the info is in the prospectus)

How do you not reveal the sell prices if the transactions are on the AE?

The price will be revealed when the sale is complete, but not before. This is to ensure 100% fairness to everyone.


They will dump in the bid when they feel it is the right time... lol

Yes we thought about all the ways we could do it and landed on Dutch Auction due to it being the most fair for investors.
Dutch auctions is generally considered more democratic due to the price being the only thing that determines who gets shares.


We updated the post....

Who are we (apart from CfB I suppose...)?

The founders and core team is Come-from-Beyond & Uniqueorn.
But we are also building a team for specific tasks that needs to be completed in this project, so for anyone that is interested in potentially being a part of this project: your oppourtunity will come.
Details surrounding job oppourtunities will come at a later date.

Also, where are the team members located and what country is the company incorporated in?

BTW, I like the logo.  :)

Thanks, we spent a lot of time selecting the logo!

The core team/founders is located in: Norway and  Belarus.
Incorporation of the company is actively being looked into, it's very important for us that it's a permanent and sustainable incorporation, more details surrounding this will be released at a later date.

Sebastien256

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Re: [ANN] Jinn
September 23, 2014, 05:43:27 pm

How many man-hours has been put? I spent years on that, Jinn is sprung from the very dream that made me to study a big bunch of programming languages and technologies.

Altough I feel some sentiment in your response and it feel pretty honnest, I would like a more factual response instead.

From the date you decide to do Jins, how many-man hours (you and collegue have put thru). I'll put some factor to take into account previous experiences, etc...
This is just to give me an overall idea of the current value of the business and decide my bid toward the asset.
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

bitcoinpaul

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Re: [ANN] Jinn
September 23, 2014, 05:49:20 pm

How many man-hours has been put? I spent years on that, Jinn is sprung from the very dream that made me to study a big bunch of programming languages and technologies.

Altough I feel some sentiment in your response and it feel pretty honnest, I would like a more factual response instead.

From the date you decide to do Jins, how many-man hours (you and collegue have put thru). I'll put some factor to take into account previous experiences, etc...
This is just to give me an overall idea of the current value of the business and decide my bid toward the asset.

man-hours equal value? wtf.
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sv3n

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Re: [ANN] Jinn
September 23, 2014, 05:49:43 pm

This sounds cool.

Can you explain why didn't Intel or AMD think of this?

They did for sure. But they can't sell hardware that doesn't have software to run.
So where will this software come from?  If IBM doesn't have a market, how do you think you will? What sort of production volume are you looking at?
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Sebastien256

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Re: [ANN] Jinn
September 23, 2014, 05:51:40 pm

How many man-hours has been put? I spent years on that, Jinn is sprung from the very dream that made me to study a big bunch of programming languages and technologies.

Altough I feel some sentiment in your response and it feel pretty honnest, I would like a more factual response instead.

From the date you decide to do Jins, how many-man hours (you and collegue have put thru). I'll put some factor to take into account previous experiences, etc...
This is just to give me an overall idea of the current value of the business and decide my bid toward the asset.

man-hours equal value? wtf.

Yes, because it is a risky project, you need to correctly evaluate the risk. An evaluation of the amount of time put up to today can be a good indication of the risk.

Just crude lower and upper bound would be correct for me. I don't want the comtability of the exact hours they did on their project...
Please drop your ideas concerning Nxt and/or NRS in this topic -> List of feature request for Nxt and/or NRS (with the full list in OP).

Come-from-Beyond

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Re: [ANN] Jinn
September 23, 2014, 05:56:51 pm

Altough I feel some sentiment in your response and it feel pretty honnest, I would like a more factual response instead.

From the date you decide to do Jins, how many-man hours (you and collegue have put thru). I'll put some factor to take into account previous experiences, etc...
This is just to give me an overall idea of the current value of the business and decide my bid toward the asset.

It's hard to give a more factual response.

First of all, I can say only about myself.

Second, it's hard to assess the time spent on the project. For example, 2 years ago I was working on a MMOG project as a server programmer. Part of that project is used in Jiniri, but I can't say how big/small it is, there is no a way to measure it. Another example, a year ago I provided a back-end for a project that wasn't released because of funding issues. Part of it is also used in Jiniri. All these parts are algorithms that solve specific issues, but 0 lines of the old code will be used in Jiniri. From formal point of view I ought to say that exactly 0 (zero) hours was spent on the project.

Come-from-Beyond

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Re: [ANN] Jinn
September 23, 2014, 05:59:41 pm

So where will this software come from?  If IBM doesn't have a market, how do you think you will? What sort of production volume are you looking at?

I can answer only technical questions. Someone else from Triangle will answer your question.

bitcoinpaul

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Re: [ANN] Jinn
September 23, 2014, 06:00:04 pm


man-hours equal value? wtf.

Yes, because it is a risky project, you need to correctly evaluate the risk.

this is the wrong way to evaluate, i'm pretty sure.
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Come-from-Beyond

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Re: [ANN] Jinn
September 23, 2014, 06:02:49 pm

this is the wrong way to evaluate, i'm pretty sure.

Nxt was an exception that proved the rule mentioned by Sebastien256, IMO.
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