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[ANN] Jinn singapore
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Author Topic: [ANN] Jinn  (Read 337807 times)

Come-from-Beyond

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Re: [ANN] Jinn
« Reply #220 on: September 25, 2014, 11:33:38 am »

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?

Yes.
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Daedelus

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Re: [ANN] Jinn
« Reply #221 on: September 25, 2014, 11:34:00 am »

Valuations for things like this are notoriously difficult. But here is my attempt  ;D

Assumption 1: IoT market prediction that at end of 2020 it will be worth $7.1 Trillion dollars.

Assumption 2: Assume Jinn will capture 1000th of 1% of this market. Jinn Company revenue will be $71 million for 2020.

Assumption 3: Assume profit margin is 15%. Profit per share in 2020 will be $10.65.

Assumption 4: Profit growth will follow the this pattern (the more earning you push into the future, the more conservative)

End 2015: 0% of $10.65 delivered in this period = $0
End 2016: 8% of $10.65 delivered in this period = $0.53
End 2017: 15% of $10.65 delivered in this period = $1.07
End 2018: 33% of $10.65 delivered in this period = $2.66
End 2019: 66% of $10.65 delivered in this period = $5.33
End 2020: 100% of $10.65 delivered in this period = $10.65

Assumption 5: Assume discount rate is 7% (you put the money is shares and you happen to get an average long term return). Discounted cash flows for the above future income sum up to a present value of $16.84 per Jinn asset.

Assumption 6: Assume chance of success of Jinn is 20%. This gives a fair value today of $3.37 per asset. Or 109 NXT.

I told you it was hard  :D Tweaking some of the 11 assumptions above... I would suggest that the fair value is between 46 and 2452 NXT per asset.

You're welcome  ;D
« Last Edit: September 25, 2014, 11:40:40 am by Daedelus »
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kodtycoon

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Re: [ANN] Jinn
« Reply #222 on: September 25, 2014, 11:34:32 am »

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?

Yes.

cool :)
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Daedelus

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Re: [ANN] Jinn
« Reply #223 on: September 25, 2014, 11:35:58 am »

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?

Yes.

Will this make AT transactions trivial to process for all nodes (as well as 1000tps)? Even Raspberry PI?
« Last Edit: September 25, 2014, 11:38:06 am by Daedelus »
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curve25519

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Re: [ANN] Jinn
« Reply #224 on: September 25, 2014, 11:37:50 am »

BCT link please? very interesting project!... but I think the outcome (of project and ipo) is going to be binary, not ternary.
Biggest breakthrough or biggest scam. Dunno which yet  ???

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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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #225 on: September 25, 2014, 11:40:46 am »

Will this make AT transactions trivial to process for all nodes (as well as 1000tps)? Even Raspberry PI?

It's hard to say, I don't know AT well enough to asnwer the question.
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youyou

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Re: [ANN] Jinn
« Reply #226 on: September 25, 2014, 11:40:58 am »

BCT link please? very interesting project!... but I think the outcome (of project and ipo) is going to be binary, not ternary.
Biggest breakthrough or biggest scam. Dunno which yet  ???

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) ?

https://bitcointalk.org/index.php?topic=796304.0

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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #227 on: September 25, 2014, 11:42:16 am »

BCT link please? very interesting project!... but I think the outcome (of project and ipo) is going to be binary, not ternary.
Biggest breakthrough or biggest scam. Dunno which yet  ???

Ternary is still possible if only part of the goals are reached. You forget that Jiniri itself will be a useable product.
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valarmg

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Re: [ANN] Jinn
« Reply #228 on: September 25, 2014, 12:04:43 pm »

Just been reading the Wikipedia page on ternary computing, and it makes for quite interesting reading but also makes me curious how the hell you are going to do this.

What are you using to represent -1?

Here is an example - http://www.terna.org/enewsletter/Apr-Jun%202010/VLSI.pdf, - but it doesn't mean that we follow that route.

Those gates look like pretty horrible solutions if I understand them correctly. Run off +/- 5V supplies. Full Adder power consumption in the milliWatts. 10uWatts for an invertor and no mention of the speed it can run. Looks like CMOS from the 1980s.

Am I understanding this correctly that you are going to design and build ternary CMOS logic gates and build a full ternary processor from them? That can't be right, designing new CMOS is horribly expensive and takes years. Then to get them to compete with binary processors in terms of size and power and speed they'd have to be on the newest processes. I find it hard to see how anyone except a company like Intel would have the resources to develop something like this.

Or can you build the ternary logic on FPGAs?
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curve25519

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Re: [ANN] Jinn
« Reply #229 on: September 25, 2014, 12:13:17 pm »

Assumption 4: Profit growth will follow the this pattern (the more earning you push into the future, the more conservative)
IMO, project like this, cash flow projection is more important that profit projection at this time.

I would argue that he delivered more than James...
I agree and trust CfB based on what he has delivered. he is only technical person here. website and forum do not give info of any other technical team. Who is Triangle? Wesley is doing gui only, so who are the hardware experts for this project? If most of 90% is for team of hardware and software engineers, more confident. Now, all go to management team!?
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #230 on: September 25, 2014, 12:50:46 pm »

Those gates look like pretty horrible solutions if I understand them correctly. Run off +/- 5V supplies. Full Adder power consumption in the milliWatts. 10uWatts for an invertor and no mention of the speed it can run. Looks like CMOS from the 1980s.

Am I understanding this correctly that you are going to design and build ternary CMOS logic gates and build a full ternary processor from them? That can't be right, designing new CMOS is horribly expensive and takes years. Then to get them to compete with binary processors in terms of size and power and speed they'd have to be on the newest processes. I find it hard to see how anyone except a company like Intel would have the resources to develop something like this.

Or can you build the ternary logic on FPGAs?

We are not going to use exactly that technology, my knowledge of integrated circuits is outdated for 15 years and we will hire specialists who know modern technologies. We could create ternary Jinn right now using already available equipment with binary gates (e.g. FPGAs), it's as easy as implementing corresponding truth tables and solving timing issues. But we are aiming a greater goal.

As an investor you should understand that the biggest utility of Jinn will come at the earliest stage - Jiniri Unlimited. This will create a whole market, think about it as about Android, companies prefer to use already existing technologies for their products (smartphones, tables, etc.). The next stage - hardware Jinn - will increase potential of the newly created market. The latest stage - hardware Jinn built on truly ternary elements (more likely it will be optical technology) - will push the price of every Jinn token above 1000 USD for sure (I could eat your hat if it didn't, hehe).
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Daedelus

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Re: [ANN] Jinn
« Reply #231 on: September 25, 2014, 01:08:42 pm »

I know the Dutch Auction will end when you have reach a number you have in your heads.

I was wondering if you also had a minimum time period in mind? Do you have a strategy to deal with the "Whah, whah! IPO was too short, bad distribution SCAMSCAMSCAM! whah whah whah!" comments 3-4 months after Jinn is sold and been trading?
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youyou

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Re: [ANN] Jinn
« Reply #232 on: September 25, 2014, 01:11:32 pm »

He can't answer, he just give technical comments.

Oh wait...

Quote
The next stage - hardware Jinn - will increase potential of the newly created market. The latest stage - hardware Jinn built on truly ternary elements (more likely it will be optical technology) - will push the price of every Jinn token above 1000 USD for sure (I could eat your hat if it didn't, hehe).

 ;D
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kodtycoon

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Re: [ANN] Jinn
« Reply #233 on: September 25, 2014, 01:13:16 pm »

I know the Dutch Auction will end when you have reach a number you have in your heads.

I was wondering if you also had a minimum time period in mind? Do you have a strategy to deal with the "Whah, whah! IPO was too short, bad distribution SCAMSCAMSCAM! whah whah whah!" comments 3-4 months after Jinn is sold and been trading?

there were plenty of other ipo's in nxt assets that were very short and no one complained.. :)
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #234 on: September 25, 2014, 01:16:42 pm »

I know the Dutch Auction will end when you have reach a number you have in your heads.

I was wondering if you also had a minimum time period in mind? Do you have a strategy to deal with the "Whah, whah! IPO was too short, bad distribution SCAMSCAMSCAM! whah whah whah!" comments 3-4 months after Jinn is sold and been trading?

I can't answer this question. But it seems to me that majority wants this to happen rather sooner than later, and I don't understand why. Read more about ternary computing, monitor progress done on https://github.com/Come-from-Beyond/Jiniri, search for competing projects on the Internet. More time pass - a better decision you will make.
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chanc3r

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Re: [ANN] Jinn
« Reply #235 on: September 25, 2014, 01:20:01 pm »

An apparently discontinued project but an interesting read about this...
Brings up some interesting use cases and indicates that H/W of this type would provide some interesting capabilities over traditional binary decision making.

http://tunguska.sourceforge.net
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LiQio

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Re: [ANN] Jinn
« Reply #236 on: September 25, 2014, 01:30:09 pm »


I can't answer this question. But it seems to me that majority wants this to happen rather sooner than later, and I don't understand why. Read more about ternary computing, monitor progress done on https://github.com/Come-from-Beyond/Jiniri, search for competing projects on the Internet. More time pass - a better decision you will make.

It's induced by the following quote "This type of auction is convenient when it is important to auction goods quickly".
(Source http://en.wikipedia.org/wiki/Dutch_auction which was referenced in the OP of this thread)
 ;)

jabo38

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Re: [ANN] Jinn
« Reply #237 on: September 25, 2014, 02:00:25 pm »

Edit: it is okay
« Last Edit: September 25, 2014, 02:24:23 pm by jabo38 »
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jabo38

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Re: [ANN] Jinn
« Reply #238 on: September 25, 2014, 02:06:39 pm »

Edit: It is okay
« Last Edit: September 25, 2014, 02:24:02 pm by jabo38 »
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LiQio

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Re: [ANN] Jinn
« Reply #239 on: September 25, 2014, 02:18:18 pm »

I can't find the asset in the NXT AE.  Am I looking in the wrong place?  What is the name and account number again?  When I try to use the one on the first page, I can't find anything.

If I remember correctly someone mentioned that it cannot be found here https://trade.secureae.com - you have to use the local client.
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