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Author Topic: [ANN] Jinn  (Read 437638 times)

youyou

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Re: [ANN] Jinn
« Reply #400 on: September 28, 2014, 12:10:36 pm »

seems that the 100k'th bid is going down atm.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #401 on: September 28, 2014, 12:13:04 pm »

I worked in IC design for many years, and I think it's close to impossible for ternary logic devices to get near to competing with binary design within any kind of reasonable timeframe even with infinite resources.

Different authors studying ternary ALUs state that ternary-based processors are easier to design because lower number of elements is needed. For example, a quote from http://www.ijera.com/papers/Vol2_issue2/JL2215911596.pdf:
Quote
The proposed ternary design offers most important
advantage that is it has very low power dissipation relative to
conventional circuits and that lead to significant reductions in
propagation delay.
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jabo38

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Re: [ANN] Jinn
« Reply #402 on: September 28, 2014, 01:16:36 pm »

seems that the 100k'th bid is going down atm.

It is bouncing up and down the 70 walls, but more bounces down today than up. 
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Never Enough Money

valarmg

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Re: [ANN] Jinn
« Reply #403 on: September 28, 2014, 01:29:21 pm »

I worked in IC design for many years, and I think it's close to impossible for ternary logic devices to get near to competing with binary design within any kind of reasonable timeframe even with infinite resources.

Different authors studying ternary ALUs state that ternary-based processors are easier to design because lower number of elements is needed. For example, a quote from http://www.ijera.com/papers/Vol2_issue2/JL2215911596.pdf:
Quote
The proposed ternary design offers most important
advantage that is it has very low power dissipation relative to
conventional circuits and that lead to significant reductions in
propagation delay.

Much better designs in that paper than the last one. Looks promising, but I wouldn't trust university papers too much for this type of thing, they often ignore factors that make designs unusable in practice.

One of the biggest issues is that the whole expertise/process/tools (tools can be super expensive in CMOS design, 1million for a license sometimes) is set up for digital binary design. For a ternary design, lots of designs would have to be done transistor by transistor, where for a binary, it would just be a matter of writing a few lines of Verilog (a low level programming language). So ternary would need huge natural advantages to overcome all the disadvantages in having to design everything by hand. (To use an analogy: Say a complicated program could be 50% more efficient if written in assembly, it would still often make more sense to write it in a higher level language rather than finding super-expert assembly writers and giving them the years it would take to write it all in assembly.)
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #404 on: September 28, 2014, 01:40:40 pm »

Looks promising, but I wouldn't trust university papers too much for this type of thing, they often ignore factors that make designs unusable in practice.

This is very true. Luckily, Jinn is mainly about distributed computing, not about ternary. So even a failure to create a truly ternary chip doesn't mean a failure of the project.
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devphp

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Re: [ANN] Jinn
« Reply #405 on: September 28, 2014, 03:55:40 pm »

Fire that sell order already, it won't get any better than this ;)
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msin

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Re: [ANN] Jinn
« Reply #406 on: September 28, 2014, 04:00:12 pm »

I get the sense they are waiting to hit 100Nxt
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Sebastien256

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Re: [ANN] Jinn
« Reply #407 on: September 28, 2014, 04:30:53 pm »

I get the sense they are waiting to hit 100Nxt

Well, I won't be getting any share at that price...  :D
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Arpeggio

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Re: [ANN] Jinn
« Reply #408 on: September 28, 2014, 06:44:56 pm »

The investors are showing extreme resistance at 70. I believe most had it at 50 but they are absolutely stretching it at 70 and are doing so unhappily. Bitcoin price is dropping fast and is making things worse for Jinn's funding. If you want to hit the dollar amount you had in mind you need to offer a bigger piece to the investors.

If the bottom never gets above 70 what will you do? Give in at 70? Then Jinn fails eventually because your funding ran out at a crucial point. Now you own 90% of nothing. In order to get this properly funded and give it a chance, you can lower the target price and offer 5-10% more assets and you will meet your funding goal and still own 85-80% of a successful company. Is what I'm saying not logical?
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #409 on: September 28, 2014, 07:29:42 pm »

Fire that sell order already, it won't get any better than this ;)

You should understand that the goal of this offer is to get enough money for funding of the initial stage. I don't see much sense to fire the order just because "it won't get any better than this". I (personally) prefer not to sell the tokens at all and search for another way of funding than to get some money and fail because of lack of funds.
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TwinWinNerD

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Re: [ANN] Jinn
« Reply #410 on: September 28, 2014, 07:47:40 pm »

Fire that sell order already, it won't get any better than this ;)

You should understand that the goal of this offer is to get enough money for funding of the initial stage. I don't see much sense to fire the order just because "it won't get any better than this". I (personally) prefer not to sell the tokens at all and search for another way of funding than to get some money and fail because of lack of funds.

I don't wanna offend someone, but there is an obvious solotion to the problem of too little raised funds here ;)

Come-from-Beyond

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Re: [ANN] Jinn
« Reply #411 on: September 28, 2014, 07:48:41 pm »

I don't wanna offend someone, but there is an obvious solotion to the problem of too little raised funds here ;)

What is it?
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TwinWinNerD

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Re: [ANN] Jinn
« Reply #412 on: September 28, 2014, 07:56:22 pm »

Increasing the sold units a few % higher.

gs02xzz

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Re: [ANN] Jinn
« Reply #413 on: September 28, 2014, 08:01:11 pm »

I get the sense they are waiting to hit 100Nxt

If that is the case, they can still sell at the price of 100 Nxt at this moment. They will sell 68k tokens at once and leave the rest of 32k on the AE for sale. The risk and uncertainty is that they don't know when the 32k will be sold. Maybe they can make an arrangement to sell the 32k to James' NxtVenture.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #414 on: September 28, 2014, 08:19:45 pm »

If that is the case, they can still sell at the price of 100 Nxt at this moment. They will sell 68k tokens at once and leave the rest of 32k on the AE for sale. The risk and uncertainty is that they don't know when the 32k will be sold. Maybe they can make an arrangement to sell the 32k to James' NxtVenture.

We could sell 68k at 100 NXT for 6.8M total. Or 100k at 70 NXT for 7M total. The difference is not very big, just 200'000 NXT...

Edit: While I was writing this a new order was placed and we can get 7M by selling 100k @70 or 70k @100.
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Canaanite

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Re: [ANN] Jinn
« Reply #415 on: September 28, 2014, 08:23:17 pm »

Increasing the sold units a few % higher.

+1
10% is ridiculously low and putting your venture at unrealistic valuation.
yeah there will always be people who will get it at any price but people who know what investing is are staying out of it;
when you raise seed funding you should expect giving away between 25% to 40% of your venture.

There are quite a lot of crowd funding platforms for startups worldwide and I keep seeing entrepreneurs over-valuing their own venture and give too little equity. it only succeeds if they have a huge hype behind them but I know not to get into it.

edit : When I also value the risk of investing through the Asset Exchange when the people that are actually Pseudonym I would expect of having nice compensation for the risk I'm taking  8)
« Last Edit: September 28, 2014, 08:30:24 pm by Canaanite »
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Sebastien256

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Re: [ANN] Jinn
« Reply #416 on: September 28, 2014, 08:25:10 pm »

If that is the case, they can still sell at the price of 100 Nxt at this moment. They will sell 68k tokens at once and leave the rest of 32k on the AE for sale. The risk and uncertainty is that they don't know when the 32k will be sold. Maybe they can make an arrangement to sell the 32k to James' NxtVenture.

We could sell 68k at 100 NXT for 6.8M total. Or 100k at 70 NXT for 7M total. The difference is not very big, just 200'000 NXT...

Edit: While I was writing this a new order was placed and we can get 7M by selling 100k @70 or 70k @100.

Hmm, thanks for the tips. I think 100Nxt is bottom now.  :D

I won't be getting any share then.  :(
« Last Edit: September 28, 2014, 08:27:26 pm by Sebastien256 »
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #417 on: September 28, 2014, 08:29:38 pm »

Increasing the sold units a few % higher.

+1
10% is ridiculously low and putting your venture at unrealistic valuation.

I have an opposite point of view, 70 NXT gives unrealistic valuation because in 2 months when Jiniri is completed it could be worth much more than 70M NXT. 10% is shared with the community almost for free, because history of Nxt already showed that it's better to have a whole community involved instead of doing everything alone because of greed. :)
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Canaanite

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Re: [ANN] Jinn
« Reply #418 on: September 28, 2014, 08:32:06 pm »

Increasing the sold units a few % higher.

+1
10% is ridiculously low and putting your venture at unrealistic valuation.

I have an opposite point of view, 70 NXT gives unrealistic valuation because in 2 months when Jiniri is completed it could be worth much more than 70M NXT. 10% is shared with the community almost for free, because history of Nxt already showed that it's better to have a whole community involved instead of doing everything alone because of greed. :)

In that case you guys are raising funds at the wrong time; I always tell startups its better to raise funds after they have a product... they can get much better valuations
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #419 on: September 28, 2014, 08:34:16 pm »

In that case you guys are raising funds at the wrong time; I always tell startups its better to raise funds after they have a product... they can get much better valuations

What the point to raise funds if a product is ready?
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