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[ANN] Jinn
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Author Topic: [ANN] Jinn  (Read 346257 times)

Come-from-Beyond

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Re: [ANN] Jinn
« Reply #440 on: September 29, 2014, 06:15:06 am »

Shortsighted? I thought this price variation was taken into account based on the prospectus/earlier comments.

What price? 50$ for 1 BTC? Obviously not.
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TheWireMaster

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Re: [ANN] Jinn
« Reply #441 on: September 29, 2014, 07:13:38 am »


Shortsighted? I thought this price variation was taken into account based on the prospectus/earlier comments.

What price? 50$ for 1 BTC? Obviously not.

Not sure BTC will come back to values we have seen in the past... Unfortunately.
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achim

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Re: [ANN] Jinn
« Reply #442 on: September 29, 2014, 08:18:59 am »

Easy to estimate when bitcoin price should rise based on calculated timing of difficulty/cost increase - so could hold funds if not needed immediately.

I don't see any correlation between difficulty and price (anymore). Price is falling, hashrate is rising. Not so easy to estimate.
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profitofthegods

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Re: [ANN] Jinn
« Reply #443 on: September 29, 2014, 08:25:38 am »

Easy to estimate when bitcoin price should rise based on calculated timing of difficulty/cost increase - so could hold funds if not needed immediately.

I don't see any correlation between difficulty and price (anymore). Price is falling, hashrate is rising. Not so easy to estimate.

I think this is right. If enough people mine for fun or just to be part of the network without being concerned about immediate profitability then the link is broken.
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TheWireMaster

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Re: [ANN] Jinn
« Reply #444 on: September 29, 2014, 08:26:43 am »

Easy to estimate when bitcoin price should rise based on calculated timing of difficulty/cost increase - so could hold funds if not needed immediately.

I don't see any correlation between difficulty and price (anymore). Price is falling, hashrate is rising. Not so easy to estimate.

Me neither. Most of the money into Bitcoin, I guess, are not coming from miners.
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youyou

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Re: [ANN] Jinn
« Reply #445 on: September 29, 2014, 08:44:56 am »

The lower the bitcoin price, the more bitcoins miners have to dump on exchanges to pay electricity. Seems to be a negative feedback.
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achim

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Re: [ANN] Jinn
« Reply #446 on: September 29, 2014, 08:49:25 am »

The lower the bitcoin price, the more bitcoins miners have to dump on exchanges to pay electricity. Seems to be a negative feedback.

This, plus building mining farms is lagging behind the price movement. Hashrate will eventually decrease, but later.
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humbot

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Re: [ANN] Jinn
« Reply #447 on: September 29, 2014, 12:58:41 pm »

Shortsighted? I thought this price variation was taken into account based on the prospectus/earlier comments.

What price? 50$ for 1 BTC? Obviously not.

Step back, look at it objectively and redo the costings and risk assessment if necessary.

My last post in this thread as the previous post derailed the conversation - back to discussing Jinn (hopefully). Good luck with the project.
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Triangle

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Re: [ANN] Jinn
« Reply #448 on: September 29, 2014, 07:04:50 pm »

Due to the time consuming nature and magnitude of the project, Wesley has made the hard choice to step down because he feels that it would be unfair to investors to have a lead developer (Wesley) that cannot commit 100% to the project.
His future tasks in the venture had not yet been initiated, so this will not affect the project going forth at all. We greatly thank Wesley for his contribution to the project and being there since the inception. He will still be a part of Triangle, so it's not like we are saying good bye.
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Sebastien256

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Re: [ANN] Jinn
« Reply #449 on: September 29, 2014, 07:07:09 pm »

Due to the time consuming nature and magnitude of the project, Wesley has made the hard choice to step down because he feels that it would be unfair to investors to have a lead developer (Wesley) that cannot commit 100% to the project.
His future tasks in the venture had not yet been initiated, so this will not affect the project going forth at all. We greatly thank Wesley for his contribution to the project and being there since the inception. He will still be a part of Triangle, so it's not like we are saying good bye.

Whos the replacement dev, if any?
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Triangle

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Re: [ANN] Jinn
« Reply #450 on: September 29, 2014, 07:09:35 pm »

Due to the time consuming nature and magnitude of the project, Wesley has made the hard choice to step down because he feels that it would be unfair to investors to have a lead developer (Wesley) that cannot commit 100% to the project.
His future tasks in the venture had not yet been initiated, so this will not affect the project going forth at all. We greatly thank Wesley for his contribution to the project and being there since the inception. He will still be a part of Triangle, so it's not like we are saying good bye.

Whos the replacement dev, if any?

We got some replacement candidates up for interviews and more info on this will come later, but it's not going to hinder anything in terms of development. On the contrary it will speed things up as we will now have someone who is 100% dedicated full time.
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JohnHolmes

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Re: [ANN] Jinn
« Reply #451 on: September 30, 2014, 01:34:55 am »

Due to the time consuming nature and magnitude of the project, Wesley has made the hard choice to step down because he feels that it would be unfair to investors to have a lead developer (Wesley) that cannot commit 100% to the project.
His future tasks in the venture had not yet been initiated, so this will not affect the project going forth at all. We greatly thank Wesley for his contribution to the project and being there since the inception. He will still be a part of Triangle, so it's not like we are saying good bye.

Could Wesley make a comment about this? His involvement added a lot to this project, so it would be good to hear him confirm his reasons for changing his level of involvement. Always good to get things from the horse's mouth.
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lucky88888

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Re: [ANN] Jinn
« Reply #452 on: September 30, 2014, 02:13:14 am »

i thought the whole process of dutch auction was to provide a fair value to sell for all investors and to prevent dumps.

if you guys wanted to sell only after a certain amount, why didn't you just place sell orders at such price.

like another guy said currently nxt's price and supply is not ready to support huge markets.

....... Either NXT is not ready for funding such large scale projects yet or projects need to start small with less funding and grow with NXT, in fiat market cap, that is.
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Triangle

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Re: [ANN] Jinn
« Reply #453 on: September 30, 2014, 03:25:17 am »

i thought the whole process of dutch auction was to provide a fair value to sell for all investors and to prevent dumps.

if you guys wanted to sell only after a certain amount, why didn't you just place sell orders at such price.

like another guy said currently nxt's price and supply is not ready to support huge markets.

....... Either NXT is not ready for funding such large scale projects yet or projects need to start small with less funding and grow with NXT, in fiat market cap, that is.

Yes, that is still the motivation for choosing Dutch Auction, but of course we have a certain ballpark number. This is a project months in the making, we know quite accurately what we need in terms of funding. The market naturally decides in the end :)

The bid wall shows us that NXT is ready to support these kinds of projects.
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jabo38

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Re: [ANN] Jinn
« Reply #454 on: September 30, 2014, 03:26:58 am »

Due to the time consuming nature and magnitude of the project, Wesley has made the hard choice to step down because he feels that it would be unfair to investors to have a lead developer (Wesley) that cannot commit 100% to the project.
His future tasks in the venture had not yet been initiated, so this will not affect the project going forth at all. We greatly thank Wesley for his contribution to the project and being there since the inception. He will still be a part of Triangle, so it's not like we are saying good bye.

Could Wesley make a comment about this? His involvement added a lot to this project, so it would be good to hear him confirm his reasons for changing his level of involvement. Always good to get things from the horse's mouth.

I would also like to hear it from Wesley.  I would like to say this news worries me a bit.  It seemed like things were all planned out very well, and now not so much.  I am not sure how his role as a founder and important 1/3 wasn't clearly discussed from the start and completely agreed upon by everyone before starting this thread and asking for money. 

I got priced out of my bid before this announcement and now because other people dropped out, I am priced back in.  (I have a bid for 17 shares at 70.9)  I am happy to be back in, but also worried a bit.  It would be nice to have clarity on this.
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Never Enough Money

Triangle

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Re: [ANN] Jinn
« Reply #455 on: September 30, 2014, 03:32:42 am »

Due to the time consuming nature and magnitude of the project, Wesley has made the hard choice to step down because he feels that it would be unfair to investors to have a lead developer (Wesley) that cannot commit 100% to the project.
His future tasks in the venture had not yet been initiated, so this will not affect the project going forth at all. We greatly thank Wesley for his contribution to the project and being there since the inception. He will still be a part of Triangle, so it's not like we are saying good bye.

Could Wesley make a comment about this? His involvement added a lot to this project, so it would be good to hear him confirm his reasons for changing his level of involvement. Always good to get things from the horse's mouth.

I would also like to hear it from Wesley.  I would like to say this news worries me a bit.  It seemed like things were all planned out very well, and now not so much.  I am not sure how his role as a founder and important 1/3 wasn't clearly discussed from the start and completely agreed upon by everyone before starting this thread and asking for money. 

I got priced out of my bid before this announcement and now because other people dropped out, I am priced back in.  (I have a bid for 17 shares at 70.9)  I am happy to be back in, but also worried a bit.  It would be nice to have clarity on this.

I will ask him to post an update when he comes on. The project has been planned out, but Wesley's part is front-end development, which we're first starting on now. This is why the decision was made by him to step down now, as to prevent any delays. As you may have noticed, he has not had the time to post in this thread even, he is simply very busy with the NXT Client and other duties, including real life job.
But he's still collaborating in NxtOrganization and Triangle, so if we need his advisory help on anything, we'll just hire him for specific tasks instead.
To be sure: nothing changes in terms of Jinn roadmap. On the contrary this speeds the project up and relieves him of the stress. A project of this significance simply cannot afford to have the risk of one member not being able to deliver on time and/or burning out from workload.
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jabo38

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Re: [ANN] Jinn
« Reply #456 on: September 30, 2014, 04:15:58 am »

I will ask him to post an update when he comes on. The project has been planned out, but Wesley's part is front-end development, which we're first starting on now. This is why the decision was made by him to step down now, as to prevent any delays. As you may have noticed, he has not had the time to post in this thread even, he is simply very busy with the NXT Client and other duties, including real life job.
But he's still collaborating in NxtOrganization and Triangle, so if we need his advisory help on anything, we'll just hire him for specific tasks instead.
To be sure: nothing changes in terms of Jinn roadmap. On the contrary this speeds the project up and relieves him of the stress. A project of this significance simply cannot afford to have the risk of one member not being able to deliver on time and/or burning out from workload.

I do believe it is a very interesting project and if it works, it will be pretty amazing. 

I don't really know much on the technical side.  And from what I read, what you are trying to do is kind of crazy impossible and a complete technical revolution.  If CfB wasn't involved, I wouldn't have even read the thread twice.  But I read his posts from years ago, and visited the Qubic website long ago while it was live.  I know he has been thinking about this a long long time.  And while it seems to be impossible to me (Making a new way computers operate and new hardware too!) CfB has a history of people calling scam on him and people saying it was impossible and then he actually delivers.
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Triangle

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Re: [ANN] Jinn
« Reply #457 on: September 30, 2014, 04:20:07 am »

I will ask him to post an update when he comes on. The project has been planned out, but Wesley's part is front-end development, which we're first starting on now. This is why the decision was made by him to step down now, as to prevent any delays. As you may have noticed, he has not had the time to post in this thread even, he is simply very busy with the NXT Client and other duties, including real life job.
But he's still collaborating in NxtOrganization and Triangle, so if we need his advisory help on anything, we'll just hire him for specific tasks instead.
To be sure: nothing changes in terms of Jinn roadmap. On the contrary this speeds the project up and relieves him of the stress. A project of this significance simply cannot afford to have the risk of one member not being able to deliver on time and/or burning out from workload.

I do believe it is a very interesting project and if it works, it will be pretty amazing. 

I don't really know much on the technical side.  And from what I read, what you are trying to do is kind of crazy impossible and a complete technical revolution.  If CfB wasn't involved, I wouldn't have even read the thread twice.  But I read his posts from years ago, and visited the Qubic website long ago while it was live.  I know he has been thinking about this a long long time.  And while it seems to be impossible to me (Making a new way computers operate and new hardware too!) CfB has a history of people calling scam on him and people saying it was impossible and then he actually delivers.


Indeed! And while it is indeed nothing short of revolutionary in terms of processors, it isn't impossible at all. We're already talking to some pretty significant figures in CompSci that has shown interest in the project and the academic papers are open for everyone to read. This isn't crackpot science, this is the real deal and thankfully so is CfB! :)
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achim

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Re: [ANN] Jinn
« Reply #458 on: September 30, 2014, 09:25:57 am »

I don't really know much on the technical side.  And from what I read, what you are trying to do is kind of crazy impossible and a complete technical revolution.  I

Ternary processors have been built in the past, I don't doubt that it is technically possible today, maybe much more efficient than this:
 
http://en.wikipedia.org/wiki/Setun
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rlh

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Re: [ANN] Jinn
« Reply #459 on: September 30, 2014, 11:24:31 am »

I don't really know much on the technical side.  And from what I read, what you are trying to do is kind of crazy impossible and a complete technical revolution.  I

Ternary processors have been built in the past, I don't doubt that it is technically possible today, maybe much more efficient than this:
 
http://en.wikipedia.org/wiki/Setun

The problem with ternary systems isn't technical, it's application.

If an application were to arise that could deeply benefit from ternary logic, while make it easy (relatively speaking) to follow a pathway from binary architecture, to ternary architecture AND if it were profitable, this could "easily" be done.

There are probably plenty of applications that could easily be redesigned to benefit from this architecture but there is currently no profitable pathway to the transition.  Ergo, we remain stagnant with development on this front of computing.

I think CfB & Jinn Labs are trying to create a profitable application that can be used to push computers (or, at least many specialized applications) toward the path of ternary logic.  This is legitimately the most interesting project that I've seen come from the crypto community and I am hoping for wild success for all of you.
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