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Windjc

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Re: [ANN] Jinn
« Reply #200 on: September 24, 2014, 10:15:56 pm »

Two basic questions:

1. how are these bids being sent?

2. Will all shares be sold at same price or will they be sold at bid prices? Right now someone is willing to pay 500 nxt per share and someone else 35 nxt per share and they would both be getting shares based on current bids.
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kodtycoon

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Re: [ANN] Jinn
« Reply #201 on: September 24, 2014, 10:26:37 pm »

Two basic questions:

1. how are these bids being sent?

2. Will all shares be sold at same price or will they be sold at bid prices? Right now someone is willing to pay 500 nxt per share and someone else 35 nxt per share and they would both be getting shares based on current bids.

i think shares will be dumped, to x price and anyone who paid over the lowest price will be refunded the difference they paid. so in the end everyone pays the same but those who put their orders closer to the bottom get less refunded and more shares. like if i place a bid for 10 at 10 nxt per share, and the sells go to 10 i paid just right with zero refund and get 10 shares for 100 nxt. but if the price went down to 1 nxt. i would get my 10 shares, pay 10 nxt per share and then get refunded 90 nxt to end up with a price of 1 nxt per share.
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Windjc

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Re: [ANN] Jinn
« Reply #202 on: September 24, 2014, 10:37:07 pm »

Two basic questions:

1. how are these bids being sent?

2. Will all shares be sold at same price or will they be sold at bid prices? Right now someone is willing to pay 500 nxt per share and someone else 35 nxt per share and they would both be getting shares based on current bids.

i think shares will be dumped, to x price and anyone who paid over the lowest price will be refunded the difference they paid. so in the end everyone pays the same but those who put their orders closer to the bottom get less refunded and more shares. like if i place a bid for 10 at 10 nxt per share, and the sells go to 10 i paid just right with zero refund and get 10 shares for 100 nxt. but if the price went down to 1 nxt. i would get my 10 shares, pay 10 nxt per share and then get refunded 90 nxt to end up with a price of 1 nxt per share.

Ok. Thank you.

So these bids I am seeing in the blockchain explorer - are these official bids or unofficial ones? If they are official, how to does one make a bid using the blockchain? If they are unofficial, how does one make an official bid?
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TwinWinNerD

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Re: [ANN] Jinn
« Reply #203 on: September 24, 2014, 10:42:24 pm »

Two basic questions:

1. how are these bids being sent?

2. Will all shares be sold at same price or will they be sold at bid prices? Right now someone is willing to pay 500 nxt per share and someone else 35 nxt per share and they would both be getting shares based on current bids.

i think shares will be dumped, to x price and anyone who paid over the lowest price will be refunded the difference they paid. so in the end everyone pays the same but those who put their orders closer to the bottom get less refunded and more shares. like if i place a bid for 10 at 10 nxt per share, and the sells go to 10 i paid just right with zero refund and get 10 shares for 100 nxt. but if the price went down to 1 nxt. i would get my 10 shares, pay 10 nxt per share and then get refunded 90 nxt to end up with a price of 1 nxt per share.

Ok. Thank you.

So these bids I am seeing in the blockchain explorer - are these official bids or unofficial ones? If they are official, how to does one make a bid using the blockchain? If they are unofficial, how does one make an official bid?

Just go to the asset and place your bid in NXT as a buy order.

Windjc

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Re: [ANN] Jinn
« Reply #204 on: September 24, 2014, 11:31:37 pm »

Two basic questions:

1. how are these bids being sent?

2. Will all shares be sold at same price or will they be sold at bid prices? Right now someone is willing to pay 500 nxt per share and someone else 35 nxt per share and they would both be getting shares based on current bids.

i think shares will be dumped, to x price and anyone who paid over the lowest price will be refunded the difference they paid. so in the end everyone pays the same but those who put their orders closer to the bottom get less refunded and more shares. like if i place a bid for 10 at 10 nxt per share, and the sells go to 10 i paid just right with zero refund and get 10 shares for 100 nxt. but if the price went down to 1 nxt. i would get my 10 shares, pay 10 nxt per share and then get refunded 90 nxt to end up with a price of 1 nxt per share.

Ok. Thank you.

So these bids I am seeing in the blockchain explorer - are these official bids or unofficial ones? If they are official, how to does one make a bid using the blockchain? If they are unofficial, how does one make an official bid?

Just go to the asset and place your bid in NXT as a buy order.

Ok. I was confused, because apparently I can't do this on SAE as it is not showing up there yet.
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kodtycoon

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Re: [ANN] Jinn
« Reply #205 on: September 24, 2014, 11:32:45 pm »

Two basic questions:

1. how are these bids being sent?

2. Will all shares be sold at same price or will they be sold at bid prices? Right now someone is willing to pay 500 nxt per share and someone else 35 nxt per share and they would both be getting shares based on current bids.

i think shares will be dumped, to x price and anyone who paid over the lowest price will be refunded the difference they paid. so in the end everyone pays the same but those who put their orders closer to the bottom get less refunded and more shares. like if i place a bid for 10 at 10 nxt per share, and the sells go to 10 i paid just right with zero refund and get 10 shares for 100 nxt. but if the price went down to 1 nxt. i would get my 10 shares, pay 10 nxt per share and then get refunded 90 nxt to end up with a price of 1 nxt per share.

Ok. Thank you.

So these bids I am seeing in the blockchain explorer - are these official bids or unofficial ones? If they are official, how to does one make a bid using the blockchain? If they are unofficial, how does one make an official bid?

Just go to the asset and place your bid in NXT as a buy order.

Ok. I was confused, because apparently I can't do this on SAE as it is not showing up there yet.
Ah that's right actually.. Yes you would need to place your order on the regular nxt client
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kodtycoon

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Re: [ANN] Jinn
« Reply #206 on: September 25, 2014, 12:01:34 am »

must be getting close to time now.. :) lowest price it would go now is 40nxt.. with a huge amount of buys places in the 40-50 range.. so that would be 4-5m nxt raised in the auction or ~150k dollars and valuing the company at 40-50m nxt or  ~1.5m dollars.. not bad i must say :)
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youyou

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Re: [ANN] Jinn
« Reply #207 on: September 25, 2014, 08:01:08 am »

CfB, i see some critics on BCT that seems legit.

Could you please argue to justify why you give only 10% equity to investors (who takes a HUGE risk!) and keep 90% to founders (even if these 90% are distributed along the delivery process) ?
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Evan

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Re: [ANN] Jinn
« Reply #208 on: September 25, 2014, 09:17:06 am »

CfB, i see some critics on BCT that seems legit.

Could you please argue to justify why you give only 10% equity to investors (who takes a HUGE risk!) and keep 90% to founders (even if these 90% are distributed along the delivery process) ?

Isn't that the good part of the ipo? If founders keep only a little part of the asset, they would lack the incentive to do the project, and the asset distributed along the delivery process encourages the founders not to quite halfway. I think this is the right way to issue shares in an early stage of a project.
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Windjc

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Re: [ANN] Jinn
« Reply #209 on: September 25, 2014, 09:56:33 am »

CfB, i see some critics on BCT that seems legit.

Could you please argue to justify why you give only 10% equity to investors (who takes a HUGE risk!) and keep 90% to founders (even if these 90% are distributed along the delivery process) ?

Isn't that the good part of the ipo? If founders keep only a little part of the asset, they would lack the incentive to do the project, and the asset distributed along the delivery process encourages the founders not to quite halfway. I think this is the right way to issue shares in an early stage of a project.

Still, we are looking at a current valuation of $15million for a code that isn't even written yet?

Is that a good investment? I think it is open to debate for sure.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #210 on: September 25, 2014, 10:07:28 am »

CfB, i see some critics on BCT that seems legit.

Could you please argue to justify why you give only 10% equity to investors (who takes a HUGE risk!) and keep 90% to founders (even if these 90% are distributed along the delivery process) ?

I can't, I answer only technical questions. We have to wait when someone else from Triangle comes online.
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Evan

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Re: [ANN] Jinn
« Reply #211 on: September 25, 2014, 10:16:58 am »

Isn't that the good part of the ipo? If founders keep only a little part of the asset, they would lack the incentive to do the project, and the asset distributed along the delivery process encourages the founders not to quite halfway. I think this is the right way to issue shares in an early stage of a project.

Still, we are looking at a current valuation of $15million for a code that isn't even written yet?

Is that a good investment? I think it is open to debate for sure.

No problem with that, I did not comment on the valuation or risk of the project. I just stated that it's the right way to issue the shares, which should be followed by other share issuers. In fact, I have had this in my mind for some time about the assets on Nxt AE. If founders sell most of the shares on early stages of a project, they would have more incentive to abandon the project than finish it, which is not good to investors.
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Daedelus

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Re: [ANN] Jinn
« Reply #212 on: September 25, 2014, 10:24:44 am »

Just to make sure everyone following this is aware, there is the technical development discussion for Jinn here >>>> https://nxtforum.org/pub-crawl/rfc-project-'jinn'-(processor)


@Cfb, relating to our chat and your comments here...

https://nxtforum.org/general-discussion/nxt-pub-thread-2500-pages-on-nxtforum-org-or-bust/1060...

... do you still have plans to re-write the Nxt Core in the Jinn language?


(Jinn forging 1000tps on smartphones FTW!)
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #213 on: September 25, 2014, 10:33:14 am »

Just to make sure everyone following this is aware, there is the technical development discussion for Jinn here >>>> https://nxtforum.org/pub-crawl/rfc-project-'jinn'-(processor)


@Cfb, relating to our chat and your comments here...

https://nxtforum.org/general-discussion/nxt-pub-thread-2500-pages-on-nxtforum-org-or-bust/1060...

... do you still have plans to re-write the Nxt Core in the Jinn language?


(Jinn forging 1000tps on smartphones FTW!)

I believe that Nxt will become the most popular cryptoplatform and rewriting Nxt core for Jinn will let to increase popularity of Jinn.
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kodtycoon

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Re: [ANN] Jinn
« Reply #214 on: September 25, 2014, 10:47:22 am »

Just to make sure everyone following this is aware, there is the technical development discussion for Jinn here >>>> https://nxtforum.org/pub-crawl/rfc-project-'jinn'-(processor)


@Cfb, relating to our chat and your comments here...

https://nxtforum.org/general-discussion/nxt-pub-thread-2500-pages-on-nxtforum-org-or-bust/1060...

... do you still have plans to re-write the Nxt Core in the Jinn language?


(Jinn forging 1000tps on smartphones FTW!)

I believe that Nxt will become the most popular cryptoplatform and rewriting Nxt core for Jinn will let to increase popularity of Jinn.
You mean you can do that? Holy crap lol I didn't know you could rewrite the code in a different language and keep the same blockchain :o not even going to ask how that would work lol
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #215 on: September 25, 2014, 10:52:45 am »

You mean you can do that? Holy crap lol I didn't know you could rewrite the code in a different language and keep the same blockchain :o not even going to ask how that would work lol

Blockchain technology is naturally supported by Jinn. A useful side-effect of Jinn architecture is that several devices can share the same copy of a blockchain, reducing requirements for capacity of storage devices.
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kodtycoon

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Re: [ANN] Jinn
« Reply #216 on: September 25, 2014, 11:00:52 am »

You mean you can do that? Holy crap lol I didn't know you could rewrite the code in a different language and keep the same blockchain :o not even going to ask how that would work lol

Blockchain technology is naturally supported by Jinn. A useful side-effect of Jinn architecture is that several devices can share the same copy of a blockchain, reducing requirements for capacity of storage devices.

im not sure i understand how that would work? would one device connect to a remote nrs on another device or do you mean the block chain would literally be shared among them ie. 3 phones get a section of the blockchain each and then pull information from each other or something?
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rlh

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Re: [ANN] Jinn
« Reply #217 on: September 25, 2014, 11:07:31 am »

Didn't realize this was here, since I was following the old post.

Following... Reading...
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #218 on: September 25, 2014, 11:16:43 am »

im not sure i understand how that would work? would one device connect to a remote nrs on another device or do you mean the block chain would literally be shared among them ie. 3 phones get a section of the blockchain each and then pull information from each other or something?

The latter.
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kodtycoon

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Re: [ANN] Jinn
« Reply #219 on: September 25, 2014, 11:31:07 am »

im not sure i understand how that would work? would one device connect to a remote nrs on another device or do you mean the block chain would literally be shared among them ie. 3 phones get a section of the blockchain each and then pull information from each other or something?

The latter.

interesting.. could this be expanded to a point where the blockchain is share between hundreds of phones so the more phones that become part of the sharing network, the less each phone has to store?
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