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[ANN] Jinn singapore
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Author Topic: [ANN] Jinn  (Read 323595 times)

wert

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Re: [ANN] Jinn
« Reply #160 on: September 24, 2014, 02:58:14 pm »

so only 10% of shares is being sold?

edit: yes, found it, sry
« Last Edit: September 24, 2014, 03:06:23 pm by wert »
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #161 on: September 24, 2014, 03:00:00 pm »

33... 50... You can't collude this way to get the tokens as cheap as possible, because you don't know the ask price. If the ask order is placed and it doesn't lead to sale of all 100'000 tokens then the market will see the price and a buyer who places a bid order earlier than the others will win. The current situation is very interesting from point of view of game theory. Longer one waits before revealing the price he wants to pay, higher odds that he will get nothing and will be forced to buy on the secondary market. On the other hand revealing the price earlier will show that demand is high and more investors may come from the outer world which in turn will drive bid orders higher...
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chanc3r

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Re: [ANN] Jinn
« Reply #162 on: September 24, 2014, 03:04:30 pm »

« Last Edit: September 24, 2014, 03:12:24 pm by chanc3r »
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gs02xzz

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Re: [ANN] Jinn
« Reply #163 on: September 24, 2014, 03:07:40 pm »

I'm just guessing that we might have room to move up to around 33 per share - I wanted to put a number out there. Maybe people have other estimates/guesses. The question is then, can the JINN team work with:
-3.3 million NXT for immediate operating costs?
-even less?
-if more, how much more?
I had already seen that the 15 NXT per share avg would eat up the entire asset, but can they team make it through with only 1.5 million NXT?

My guess is they are looking for somewhere between 4 and 7 million NXT.
« Last Edit: September 24, 2014, 03:13:32 pm by gs02xzz »
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nexern

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Re: [ANN] Jinn
« Reply #164 on: September 24, 2014, 03:13:07 pm »

33... 50... You can't collude this way to get the tokens as cheap as possible, because you don't know the ask price. If the ask order is placed and it doesn't lead to sale of all 100'000 tokens then the market will see the price and a buyer who places a bid order earlier than the others will win. The current situation is very interesting from point of view of game theory. Longer one waits before revealing the price he wants to pay, higher odds that he will get nothing and will be forced to buy on the secondary market. On the other hand revealing the price earlier will show that demand is high and more investors may come from the outer world which in turn will drive bid orders higher...

correct but since 100.000 is the maximum triangle sells, this line marks all orders which will be out for sure if lower.
hopefully your ask is not that high and catched just the upper 1% from orderbook. you know, we all need shares ;-)
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devphp

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Re: [ANN] Jinn
« Reply #165 on: September 24, 2014, 03:16:30 pm »

NXT AE has its Alibaba moment every 2 weeks :)
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #166 on: September 24, 2014, 03:20:15 pm »

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cobaltskky

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Re: [ANN] Jinn
« Reply #167 on: September 24, 2014, 03:25:34 pm »

I never suggested colluding. Simply made a statement.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #168 on: September 24, 2014, 03:28:51 pm »

I never suggested colluding. Simply made a statement.

Sorry, my English is not very good. I didn't know that "collude" has negative meaning, for me it was equal to "cooperate".
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Canaanite

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Re: [ANN] Jinn
« Reply #169 on: September 24, 2014, 04:05:22 pm »

Hi CfB,

will you make legal arrangements in your company to tie in the AE shares to real profit shares of your company or is this still based on trust?

I can answer only technical questions. If you want to get legal protection of your "investments" then you should take into account that I reside in Belarus which is out of reach of the USA and EU laws.

It doesn't matter...
Tax purposes, actual place, contacts, Incorporated company (with limited liability) and a lot more issues...
I know it will make me feel better to invest in such entity (even if its located at Belarus)

As investors in other projects on NXT AE, we understand your concern and we're working on it.
In the last months there are several people working on the legalities of connecting the decentralized exchange to the real world. Isle of Man is on it, SRO in Switzerland is on it, Overstock is doing it, SecureAE is doing it and so on. I am in talks with these people and as soon as it is viable, the legalities will be 100% sorted.

In the meanwhile, yes, there is the element of trust. It will be incorporated ASAP and we'll keep you updated on it. If you don't feel comfortable with the level of trust, we suggest you await.

Thanks for the answer
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rtrtcrypto

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Re: [ANN] Jinn
« Reply #170 on: September 24, 2014, 04:17:40 pm »

I was trying to collude  :P

Joking Joking...

I considered game theory in making my bids and then realized that I need to study more game theory - as I have no idea if my strategy is crap or not. Anyway, I'm hoping to get as much as I can for the amount I have in mind to spend in total - let's see what happens!

I really look forward to seeing this project develop.



I never suggested colluding. Simply made a statement.

Sorry, my English is not very good. I didn't know that "collude" has negative meaning, for me it was equal to "cooperate".
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ThomasVeil

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Re: [ANN] Jinn
« Reply #171 on: September 24, 2014, 05:13:36 pm »

Gosh, all this maneuvering. Just put a reasonable order in. :)
If the price is lower, then you'll get your share. And if it's way higher than that, then you avoided a bad deal.
Either way, since this is a years long project there will be ample chance to buy in early.

Can't really judge the idea on the merits - though it got a awesome ring to it.
The point that I find questionable is the "We are very confident that Jinn will establish itself as a pioneer and market-­leader in this white space."
I mean, you state yourself that this well known as a huge market. Which means many players will move in with huge investments and smart people no doubt. Including as we already know IBM by using Ethereum. And this is a huge undertaking, having so many moving parts (means: Many failure points).
So from joining this race to getting out on top seems a bit the "... then magic happens..." part in this formula.

Could you maybe list what advantages you have over the better funded competition, that no one can copy - and that will put you on top?

Wish you success with this idea! Would be so damn cool if the Internet-Of-Thigns will be born out of the NXT community.

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devphp

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Re: [ANN] Jinn
« Reply #172 on: September 24, 2014, 05:20:25 pm »

Bids have been stacked. Captain, fire your torpedo with the 100k payload! :D
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #173 on: September 24, 2014, 05:48:45 pm »

Could you maybe list what advantages you have over the better funded competition, that no one can copy - and that will put you on top?

Experience in the area targetted by Jinn.

Blizzard had million dollars and yet failed to create a truly real-time MMO-game. World of Warcraft becomes a slideshow when hundreds people gather in a single location.

CCP Games had million dollars and yet failed to create a truly real-time MMO-game. A battle of a few thousand spaceships requires to notify CCP in advance and even after that game time goes 10 times slower.

The problem is not simple, but money can't solve it, money can only help to find a solution faster. Anyway, we will know when IBM or another "whale" will start competing. We will, likely, get an offer to sell the project for few billion dollars before that. :)
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rtrtcrypto

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Re: [ANN] Jinn
« Reply #174 on: September 24, 2014, 06:25:21 pm »

Could Triangle answer something:

If you DO get an offer to sell for 1 billion, the shares we hold entitle us to nothing correct? Will it be likely that the 10% profit shares that exist today CARRY THROUGH for the life of this (these) products? Or is there room for the new parent company to say "sorry" and walk away from all the early investors.

Thanks,




Could you maybe list what advantages you have over the better funded competition, that no one can copy - and that will put you on top?

Experience in the area targetted by Jinn.

Blizzard had million dollars and yet failed to create a truly real-time MMO-game. World of Warcraft becomes a slideshow when hundreds people gather in a single location.

CCP Games had million dollars and yet failed to create a truly real-time MMO-game. A battle of a few thousand spaceships requires to notify CCP in advance and even after that game time goes 10 times slower.

The problem is not simple, but money can't solve it, money can only help to find a solution faster. Anyway, we will know when IBM or another "whale" will start competing. We will, likely, get an offer to sell the project for few billion dollars before that. :)
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kodtycoon

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Re: [ANN] Jinn
« Reply #175 on: September 24, 2014, 06:39:04 pm »

Could Triangle answer something:

If you DO get an offer to sell for 1 billion, the shares we hold entitle us to nothing correct? Will it be likely that the 10% profit shares that exist today CARRY THROUGH for the life of this (these) products? Or is there room for the new parent company to say "sorry" and walk away from all the early investors.

Thanks,




Could you maybe list what advantages you have over the better funded competition, that no one can copy - and that will put you on top?

Experience in the area targetted by Jinn.

Blizzard had million dollars and yet failed to create a truly real-time MMO-game. World of Warcraft becomes a slideshow when hundreds people gather in a single location.

CCP Games had million dollars and yet failed to create a truly real-time MMO-game. A battle of a few thousand spaceships requires to notify CCP in advance and even after that game time goes 10 times slower.

The problem is not simple, but money can't solve it, money can only help to find a solution faster. Anyway, we will know when IBM or another "whale" will start competing. We will, likely, get an offer to sell the project for few billion dollars before that. :)

i would assume that share holders would get a percentage of the proceeds from selling based on how many own
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rtrtcrypto

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Re: [ANN] Jinn
« Reply #176 on: September 24, 2014, 06:43:17 pm »

I don't think so, no.

I think these shares are purely tied to profit and do not represent a share in the company itself (what we are "buying" are NOT stock like shares). Because of this, a sale of the entire company would not be passed on to the shares being offered here to us. Legally, if in the end things become more concrete, it might be possible to argue (force) our current situation (10% of profits) on any new entity that buys out Jinn.



Could Triangle answer something:

If you DO get an offer to sell for 1 billion, the shares we hold entitle us to nothing correct? Will it be likely that the 10% profit shares that exist today CARRY THROUGH for the life of this (these) products? Or is there room for the new parent company to say "sorry" and walk away from all the early investors.

Thanks,




Could you maybe list what advantages you have over the better funded competition, that no one can copy - and that will put you on top?

Experience in the area targetted by Jinn.

Blizzard had million dollars and yet failed to create a truly real-time MMO-game. World of Warcraft becomes a slideshow when hundreds people gather in a single location.

CCP Games had million dollars and yet failed to create a truly real-time MMO-game. A battle of a few thousand spaceships requires to notify CCP in advance and even after that game time goes 10 times slower.

The problem is not simple, but money can't solve it, money can only help to find a solution faster. Anyway, we will know when IBM or another "whale" will start competing. We will, likely, get an offer to sell the project for few billion dollars before that. :)

i would assume that share holders would get a percentage of the proceeds from selling based on how many own
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semibaron

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Re: [ANN] Jinn
« Reply #177 on: September 24, 2014, 06:50:36 pm »

I know the question came already up, but I haven't seen a proper answer to it.

Why aren't the big, well funded companies not in the position to produce processors using trits?
Have you found a solution to a fundamental problem or the entrepreneurial spirit which is necessary for such a project?

I don't know much about programming. Is an emulator https://nxtforum.org/jinn/roadmap-for-developers/ a big thing for processor
because developers don't have to write code in low-level language anymore?

A proper business plan would be greatly appreciated!
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gs02xzz

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Re: [ANN] Jinn
« Reply #178 on: September 24, 2014, 06:57:16 pm »

Could Triangle answer something:
If you DO get an offer to sell for 1 billion, the shares we hold entitle us to nothing correct? Will it be likely that the 10% profit shares that exist today CARRY THROUGH for the life of this (these) products? Or is there room for the new parent company to say "sorry" and walk away from all the early investors.
Thanks,

This question has been answered - https://nxtforum.org/news-and-announcements/(ann)-jinn/msg106363/#msg106363

Quote
If any sort of acquisition or exit strategy were to be employed the asset owner will continue to get 10% profit (by contract), be offered buy back at the current value or do a 1:1 transfer to equity. We will never ever sell the company and leave asset holders hanging.

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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #179 on: September 24, 2014, 07:04:55 pm »

If you DO get an offer to sell for 1 billion, the shares we hold entitle us to nothing correct? Will it be likely that the 10% profit shares that exist today CARRY THROUGH for the life of this (these) products? Or is there room for the new parent company to say "sorry" and walk away from all the early investors.

Good question. I'm supposed to get part of Jinn tokens for my work. If I have 10% when Jinn is sold for 4 billion dollars then I expect to get 400 million in small notes...
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