Nxt Forum

Nxt Discussion => Nxt Community News and Announcements => Topic started by: Triangle on November 25, 2015, 02:33:18 pm

Title: IOTA - JINN
Post by: Triangle on November 25, 2015, 02:33:18 pm
IOTA - JINN SWAP


We are happy to finally be able to share the details surrounding the JINN to IOTA conversion. The JINN tokens will be locked at the fixed value of 0.0063 BTC, the reasoning behind this is that we offer this conversion primarily for those that did not understand what they bought when they bought JINN. This was the value on the time of the sale and thus ensures that absolutely no one lost anything on their purchase of JINN tokens. This is what is important to us. We are extremely grateful for everyone that supported and continue to support both the JINN and IOTA project and hope that this offering will alleviate the concerns tied to the high risk and bumpy timeline of the experimental hardware world!

Status of Jinn:

Like promised here is a general update of the Jinn project. We are still in full development with our team working hard. We finally received the hardware components from manufacturing at the end of October and started testing as soon as we got them. Two engineers have been testing them and the results are both encouraging and frustrating. On one hand the ternary circuits work fine, but on the other the asynchronous is showing a problem. We’re now hard at work to solve this problem and will do another manufacturing run soon. But this is hardware. This means another 3-4 months until we know if the components work or not, there is a good reason on our end to be encouraged by some of the results and subsequent discoveries, but the intricacies are way too complex to explain here, not to mention premature. A full update will come post-IOTA sale. The reason for this is simple: the JINN to IOTA conversion is meant for those who do not want to be in the hardware speculation game.

What is JINN?
There has been a lot of confusion around the JINN assets in the last months, so here is a brief recap:

JINN tokens was sold by Triangle (our company, now renamed) to represent the processor and emulator sales, NOT EQUITY, which will then be paid out through these tokens / need to work out a legal deal in the future, depending on your jurisdiction. Crypto is no longer an unregulated market and we have to oblige the laws which will be relevant. This is still ambiguous due to EU court.

Back to IOTA

If you are unfamiliar with what this completely new kind of crypto is all about head over to www.iotatoken.com to get an introduction.

This is the only official crowdsale of IOTA that there will ever be. This is it, in its entirety. There is absolutely no premine or presale to exclusive and privileged investors of any kind. Everyone is equal and has the same opportunity. So if you want to get ahold of iotas from day 1 and be part of writing a new chapter in crypto and IoT, this is your one chance.


How to swap your JINN for IOTA and collect your iotas


Step 1: Simply deposit your JINN tokens to this address:

NXT-Q4N3-V2QJ-S3GT-FW4Z9



Step 2:

Collect iota via collect.iotatoken.com after the sale ends. We'll require that you send the string from atoi.exe from the same account that you deposited from to prove your ownership.


Offering

999 999 999 iotas is up for sale.
This amount will be distributed between the buyers proportionate to their individual purchase sum. E.G. if your purchase sum make up 5% of the total sum of all purchases, you will get 5% of all the iotas for sale.

Accepted currencies

Bitcoin

JINN tokens locked at a fixed value of 0.0063 BTC per token. Previously we planned to have a limit on only allowing this swap for people who held JINN prior to a certain block, due to popular demand we now retracted this and everyone that holds JINN is free to swap for IOTA!



Duration and schedule

Duration: 27 days.
Date: 25th November at 2 PM UTC - December 21st 11:59 PM UTC.

Schedule

Pioneer 15% more iotas.      

9 days from 25 November - 3 December at 2 PM UTC 


Early adopter 7.5% more iotas       

9 days from 3 December - 12 December at 2 PM UTC


Slightly-less-but-still-very-early adopter      

9 days from 12 December - 21 December at 11.59 PM UTC

Purpose of the crowdsale


Development. The crowdsale funds will be used for further development and finalization of the IOTA software as well as development of the Jinn hardware processor which will strengthen and help bootstrap the network in its growing phase. Additionally funds will be used on marketing efforts to help nurture the growth of the IOTA network and  community.

Prevent hoarding whales from stifling the project. If the tokens had not been sold but instead distributed through a sign-up scheme or mining of some sort, centralization would inevitably arise and usage of sybil type strategies would cheat the system.

Kickstart the ecosystem. As these tokens exist in limited quantity and every single one of them is sold in this exclusive crowdsale, it is imperative that the people who end up with them value their utility and functionality in such a manner that they have an incentive keep them useful and valuable. This is absolutely vital for organic growth of IOTA.


For those looking to buy through Bitcoin: https://bitcointalk.org/index.php?topic=1262688.0

Risk disclaimer: http://188.138.57.93/risk.pdf
Title: Re: IOTA - JINN
Post by: LiQio on November 25, 2015, 02:47:11 pm
Step 2:
Collect iota via collect.iotatoken.com after the sale ends. We'll require that you send the string from atoi.exe from the same amount that you deposited from to prove your ownership.

Should probably be "same account" in step two.
Can we send any amount? (IIRC it was stated long ago, that we would have to send all tokens in possession at block 54xxxx or the like) 
Title: Re: IOTA - JINN
Post by: Altcoinspekulant on November 25, 2015, 02:52:39 pm
David: Check my Avatar  ;)

One question: I was buying Jinn just some days ago. So after the Block you announced (I think in October).
Are new Jinn-Holders able to convert as well?

Many thanks in advance for your feedback!
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 02:53:21 pm
Step 2:
Collect iota via collect.iotatoken.com after the sale ends. We'll require that you send the string from atoi.exe from the same amount that you deposited from to prove your ownership.

Should probably be "same account" in step two.
Can we send any amount? (IIRC it was stated long ago, that we would have to send all tokens in possession at block 54xxxx or the like)

Same account* indeed, thanks.
Yes, due to popular demand everyone can send as much as they like.
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 02:54:14 pm
David: Check my Avatar  ;)

One question: I was buying Jinn just some days ago. So after the Block you announced (I think in October).
Are new Jinn-Holders able to convert as well?

Many thanks in advance for your feedback!

Hah nice :)!

Yes, we decided to allow everyone due to the popular demand for it. So feel free to swap. Will add it in the OP now too.
Title: Re: IOTA - JINN
Post by: rubenbc on November 25, 2015, 03:03:26 pm
Sorry dumb question but I don't understand this concept

Quote
We'll require that you send the string from atoi.exe from the same account that you deposited from to prove your ownership.

thanks ;)
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 03:06:11 pm
Sorry dumb question but I don't understand this concept

Quote
We'll require that you send the string from atoi.exe from the same account that you deposited from to prove your ownership.

thanks ;)

atoi.exe generates a string for IOTA, you'll simply have to run it (takes a couple seconds only) and then copypaste the string you get and then send it from your NXT account (The one you sent JINN from) to verify that you are indeed the rightful receiver of the iotas.
Title: Re: IOTA - JINN
Post by: rubenbc on November 25, 2015, 03:08:34 pm
thank's!! I've started the exchange :)
 
Title: Re: IOTA - JINN
Post by: yassin54 on November 25, 2015, 03:09:03 pm
atoi.exe generates a string for IOTA, you'll simply have to run it (takes a couple seconds only) and then copypaste the string you get and then send it from your NXT account (The one you sent JINN from) to verify that you are indeed the rightful receiver of the iotas.
Thanks for information!!   :)
Title: Re: IOTA - JINN
Post by: cc001 on November 25, 2015, 03:23:32 pm
atoi.exe
a windows tool? what do mac/linux users?
Title: Re: IOTA - JINN
Post by: rdanneskjoldr on November 25, 2015, 03:29:41 pm
Is it planned to have IOTA available for trade? On what type of exchanges? I thought yes by default, but this scares a bit and maybe it doesnt.


2) What IOTA is not.
IOTA should not be considered a cryptocurrency, even if it may have been described as
that by us or others previously. Currently IOTA tokens (i) cannot be exchange for any
goods or services (ii) has no known uses outside of the IOTA network, and (iii) cannot be
traded on any exchanges and as such does not fit the the description of a
cryptocurrency.
IOTA should also not be considered an investment. There is absolutely no guarantee
that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value.
Title: Re: IOTA - JINN
Post by: LiQio on November 25, 2015, 03:34:05 pm
atoi.exe
a windows tool? what do mac/linux users?

They "produced" other versions, see here https://bitcointalk.org/index.php?topic=1216479.msg12928178#msg12928178
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 03:35:36 pm
Is it planned to have IOTA available for trade? On what type of exchanges? I thought yes by default, but this scares a bit and maybe it doesnt.


2) What IOTA is not.
IOTA should not be considered a cryptocurrency, even if it may have been described as
that by us or others previously. Currently IOTA tokens (i) cannot be exchange for any
goods or services (ii) has no known uses outside of the IOTA network, and (iii) cannot be
traded on any exchanges and as such does not fit the the description of a
cryptocurrency.
IOTA should also not be considered an investment. There is absolutely no guarantee
that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value.

We are in touch with exchanges that want to add it yes, but ultimately that is THEIR decision, not ours.

And yes given that this is a presale it is not listed anywhere nor can it be used as a cryptocurrency yet as such. This is a legal disclaimer. IOTA is a cryptographic software token that CAN be used as a cryptocurrency, but we do not SELL it as such. So it's entirely up to the purchaser to decide if they want a cryptograpic token.
Title: Re: IOTA - JINN
Post by: rdanneskjoldr on November 25, 2015, 03:43:45 pm
Will Jinn as a "company" or whatever you want to call it, put any of its capital on the IOTA ICO? And if yes, will it be announced publicly with the amount?
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 03:48:10 pm
Will Jinn as a "company" or whatever you want to call it, put any of its capital on the IOTA ICO? And if yes, will it be announced publicly with the amount?

Not the company no, that would be 'cheating'.

Now of course personally I will buy iotas from my personal funds.
Title: Re: IOTA - JINN
Post by: durerus on November 25, 2015, 03:55:07 pm
Is it planned to have IOTA available for trade? On what type of exchanges? I thought yes by default, but this scares a bit and maybe it doesnt.


2) What IOTA is not.
IOTA should not be considered a cryptocurrency, even if it may have been described as
that by us or others previously. Currently IOTA tokens (i) cannot be exchange for any
goods or services (ii) has no known uses outside of the IOTA network, and (iii) cannot be
traded on any exchanges and as such does not fit the the description of a
cryptocurrency.
IOTA should also not be considered an investment. There is absolutely no guarantee
that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value.

We are in touch with exchanges that want to add it yes, but ultimately that is THEIR decision, not ours.

And yes given that this is a presale it is not listed anywhere nor can it be used as a cryptocurrency yet as such. This is a legal disclaimer. IOTA is a cryptographic software token that CAN be used as a cryptocurrency, but we do not SELL it as such. So it's entirely up to the purchaser to decide if they want a cryptograpic token.

But the software is already in a status that the IOTA cryptographic token could be sent from one account to another and that exchanges could theoretically include it right away? Or is sending the token from account A to account B something not yet implemented?
Title: Re: IOTA - JINN
Post by: achim on November 25, 2015, 04:00:19 pm
JINN tokens locked at a fixed value of 0.0063 BTC per token. Previously we planned to have a limit on only allowing this swap for people who held JINN prior to a certain block, due to popular demand we now retracted this and everyone that holds JINN is free to swap for IOTA!

Nice! This means we can buy iota from within the Nxt ecosystem.
Demand for jinn just rose.
Title: Re: IOTA - JINN
Post by: martismartis on November 25, 2015, 04:01:14 pm
Is it possible to redeem Jinn for Iota in tranches from the same account or it must be only one transaction?
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 04:05:52 pm
Is it possible to redeem Jinn for Iota in tranches from the same account or it must be only one transaction?

Yes, you are at liberty to chop it up into as many transactions as you like.
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 04:06:35 pm

But the software is already in a status that the IOTA cryptographic token could be sent from one account to another and that exchanges could theoretically include it right away? Or is sending the token from account A to account B something not yet implemented?

We'll start posting status reports quite soon, as well as launch fora and Slack for IOTA discussion to stimulate growth.
Title: Re: IOTA - JINN
Post by: javi618 on November 25, 2015, 04:08:32 pm

Step 1: Simply deposit your JINN tokens to this address:

NXT-Q4N3-V2QJ-S3GT-FW4Z9

Step 2:

Collect iota via collect.iotatoken.com after the sale ends. We'll require that you send the string from atoi.exe from the same account that you deposited from to prove your ownership.


Please, could you do an extended tutorial step by step for non tech people? I don´t know what is a string or how to use atoi.exe with my Nxt account (I´m Ubuntu user), for example..

Thanks
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 04:09:54 pm

Step 1: Simply deposit your JINN tokens to this address:

NXT-Q4N3-V2QJ-S3GT-FW4Z9

Step 2:

Collect iota via collect.iotatoken.com after the sale ends. We'll require that you send the string from atoi.exe from the same account that you deposited from to prove your ownership.


Please, could you do an extended tutorial step by step for non tech people? I don´t know what is a string or how to use atoi.exe with my Nxt account (I´m Ubuntu user), for example..

Thanks

Don't worry about it for now. Right now all you need to do is the deposit part. Everything will be explained clearly in a step by step fashion on the 22nd of December on collect.iotatoken.com :)
Title: Re: IOTA - JINN
Post by: Tobo on November 25, 2015, 04:19:21 pm
Sorry dumb question but I don't understand this concept
Quote
We'll require that you send the string from atoi.exe from the same account that you deposited from to prove your ownership.
thanks ;)

you can find it out here - https://bitcointalk.org/index.php?topic=1216479.msg12928178#msg12928178
Title: Re: IOTA - JINN
Post by: javi618 on November 25, 2015, 04:21:38 pm
OK thanks Triangle and Tobo, I´ll send my Jinns and wait for further explanations :-)
Title: Re: IOTA - JINN
Post by: rlh on November 25, 2015, 07:41:51 pm
Will there be a page displaying investor statistics, either dynamically generated from the associate blockchains, or updated periodically?

I'm planning on investing but planning on waiting until about the last day of the early-bird period.  Stats are important.  I don't need to purchase more than 10%

j/k
Title: Re: IOTA - JINN
Post by: rtrtcrypto on November 25, 2015, 07:50:27 pm
I was really hoping to use my COINBASE VAULT account which I have control over private keys... but, even those generate new address for every TX and I don't want to risk being locked out of receiving my IOTA because of a technicality!

I really don't like setting up wallets on blockchain.info...

Being that we will need to SPEND two tx from this address, I am not going to use my cold wallets that I generated before. So, this process is a bit annoying for me right now!
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 08:13:48 pm
Will there be a page displaying investor statistics, either dynamically generated from the associate blockchains, or updated periodically?

I'm planning on investing but planning on waiting until about the last day of the early-bird period.  Stats are important.  I don't need to purchase more than 10%

j/k

I will post a summary at the 8th day of each period, so everyone has a good overview. Now of course due to it being a public bitcoin address everyone that wants can just follow it via a blockexplorer too.
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 08:15:32 pm
I was really hoping to use my COINBASE VAULT account which I have control over private keys... but, even those generate new address for every TX and I don't want to risk being locked out of receiving my IOTA because of a technicality!

I really don't like setting up wallets on blockchain.info...

Being that we will need to SPEND two tx from this address, I am not going to use my cold wallets that I generated before. So, this process is a bit annoying for me right now!

I have noticed that a few find this process a bit cumbersome due to this issue, but the alternative would have been way worse for most people, requiring a lot more steps. The third alternative would be to code a sign-up system and have people sign up and verify via email etc. but this is the most invasive and also very open to attacks.
Title: Re: IOTA - JINN
Post by: Tobo on November 25, 2015, 08:55:37 pm
Will there be a page displaying investor statistics, either dynamically generated from the associate blockchains, or updated periodically?
I'm planning on investing but planning on waiting until about the last day of the early-bird period.  Stats are important.  I don't need to purchase more than 10%
j/k

I will post a summary at the 8th day of each period, so everyone has a good overview. Now of course due to it being a public bitcoin address everyone that wants can just follow it via a blockexplorer too.

BTC - https://blockchain.info/address/1G8hh3bHMMhZSATwisBVbGFSYBKK3Suib8

NXT - http://www.nxtreporting.com/?ac=15275186119672269441
Title: Re: IOTA - JINN
Post by: rtrtcrypto on November 25, 2015, 09:36:31 pm
I'm curious,

If the project ICO does 250 BTC only... what then? You mentioned you have no goal in mind, but I assume there is a threshold you guys need to hit.

THX
Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 09:49:43 pm
I'm curious,

If the project ICO does 250 BTC only... what then? You mentioned you have no goal in mind, but I assume there is a threshold you guys need to hit.

THX

With 250 BTC we are still confident that we'll get a lot further along and complete IOTA for sure. There will inevitably come a time when our start-up will need to raise significantly more money, probably via more conventional VCs, but to do so at this stage would be extremely bad for the project as we'd have to sacrifice control, which means Jinn as we envision it would probably be water down.

We do have a clear plan and 250BTC will get us a good distance on that road.

Title: Re: IOTA - JINN
Post by: Triangle on November 25, 2015, 09:50:43 pm
Also everyone pondering about the potential of IOTA should check out: https://medium.com/@DavidSonstebo/iota-97592581f985
Title: Re: IOTA - JINN
Post by: farl4bit on November 26, 2015, 09:44:26 am
Quote
2) What IOTA is not.
IOTA should not be considered a cryptocurrency, even if it may have been described as
that by us or others previously. Currently IOTA tokens (i) cannot be exchange for any
goods or services (ii) has no known uses outside of the IOTA network, and (iii) cannot be
traded on any exchanges and as such does not fit the the description of a
cryptocurrency.
IOTA should also not be considered an investment. There is absolutely no guarantee
that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value.

Also everyone pondering about the potential of IOTA should check out: https://medium.com/@DavidSonstebo/iota-97592581f985
Quote
It is an open-source, decentralized cryptocurrency that is meticulously engineered specifically for real-time micro-transactions in an environment that requires scalable flexibility and lightweight hardware.

Is it a cryptocurrency or not? You are contradicting yourself. Please explain.
Title: Re: IOTA - JINN
Post by: Triangle on November 26, 2015, 02:34:39 pm
Quote
2) What IOTA is not.
IOTA should not be considered a cryptocurrency, even if it may have been described as
that by us or others previously. Currently IOTA tokens (i) cannot be exchange for any
goods or services (ii) has no known uses outside of the IOTA network, and (iii) cannot be
traded on any exchanges and as such does not fit the the description of a
cryptocurrency.
IOTA should also not be considered an investment. There is absolutely no guarantee
that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value.

Also everyone pondering about the potential of IOTA should check out: https://medium.com/@DavidSonstebo/iota-97592581f985
Quote
It is an open-source, decentralized cryptocurrency that is meticulously engineered specifically for real-time micro-transactions in an environment that requires scalable flexibility and lightweight hardware.

Is it a cryptocurrency or not? You are contradicting yourself. Please explain.

IOTA should not be considered a cryptocurrency, even if it may have been described as
that by us or others previously.
Of course you can use it as such, but we don't legally sell it as such.
Title: Re: IOTA - JINN
Post by: Pilot on November 26, 2015, 05:05:56 pm
IOTA should also not be considered an investment. There is absolutely no guarantee
that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value.

Um? So why buy it? There is no guarantee that any "investment" will increase in value. Are you guaranteeing here that it won't increase in value?
Title: Re: IOTA - JINN
Post by: Triangle on November 26, 2015, 05:47:11 pm
IOTA should also not be considered an investment. There is absolutely no guarantee
that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value.

Um? So why buy it? There is no guarantee that any "investment" will increase in value. Are you guaranteeing here that it won't increase in value?

No. I'm simply saying that we cannot guarantee that it will, standard procedure.
Title: Re: IOTA - JINN
Post by: farl4bit on November 26, 2015, 11:11:54 pm
So I can only buy IOTA with bitcoins?
Title: Re: IOTA - JINN
Post by: Triangle on November 27, 2015, 04:57:13 am
So I can only buy IOTA with bitcoins?

Yes, if you don't hold JINN tokens.
Title: Re: IOTA - JINN
Post by: Triangle on November 27, 2015, 07:13:37 am
Thanks for pointing out that I am consistent. "Even if it may have been described as
that by us or others previously.
"

This is a legal issue, nothing more and nothing less.
Title: Re: IOTA - JINN
Post by: Triangle on November 27, 2015, 08:46:46 am
2k4s: http://www.thesaurus.com/browse/even%20if

Class dismissed.
Title: Re: IOTA - JINN
Post by: farl4bit on November 27, 2015, 09:10:39 am

Stay respectful and act as an adult please. If you don't like stuff that's being said here, just discuss instead of bashing it. Thx
Title: Re: IOTA - JINN
Post by: 2Kool4Skewl on November 27, 2015, 10:06:53 pm

Stay respectful and act as an adult please. If you don't like stuff that's being said here, just discuss instead of bashing it. Thx

How was my post not respectful?  I simply inferred that Uniqueorn/David keeps changing the terms of the agreement made with investors.  Fine, I'll talk about it.
Title: Re: IOTA - JINN
Post by: 2Kool4Skewl on November 27, 2015, 10:24:07 pm
So, let me get this straight...

First, these assets are sold under the premise that each "Jinn asset" will grant each bearer a portion of the company's profits.  In addition, I distinctly remember that CfB said to everyone that if the company was sold each shareholder would receive his portion of the sale price according to their percentage ownership of "Jinn assets".

Now, we find out that "Oh guess what guys... What you've been purchasing isn't really a share and doesn't entitle you to any profits of anything... But now you can redeem your non-shares for this awesome new cryptocurrency called IOTA... But wait, There's MORE!  You know that cryptocurrency that I was talking about... Yeah... It's not really a cryptocurrency, even though we called it that.  Also.... *wait for it*... I don't want you guise to think this is an investment either.  This is TOTALLY NOT AN INVESTMENT.  Ok!  Wow guise, I'm glad we cleared that up.  But don't forget to buy more of this non-investment, non-cryptocurrency!  SUPPORT JINN! AWESOME!!!!111Eleventy"

I just would like somebody to clarify that this is what's really happened, because that's how it looks to me.  Please somebody wake me up... I can't wake up!

Oh yeah, I almost forgot.  I don't want to lose this opportunity to plug my own non-investment, non-cryptocurrency offering called "2Kool's Magic Beans".  Srsly, bros, this is gonna be the next best thing.  Just send me your monies and I'll send you a super special NXT token which you will be able to redeem for some of my magic beans.  But remember, my magic beans are not an investment and there are no exchanges currently listing my magic beans, so my magic beans might lose value.  Just sayin this because "This is a legal issue, nothing more and nothing less."
Title: Re: IOTA - JINN
Post by: Triangle on November 27, 2015, 11:47:13 pm
Ugh, 2k4s everyone knows that you are a troll.

1. Jinn asset was ALWAYS sold as payments via token based on Jinn Processor and Emulator sales. NEVER EVER equity in the company. As for the question we were asked re: "What happens if the company gets sold?", at the time Jinn Labs was only the processor and emulator, so of course we'd spread that sale with the Jinn holders. But we also DISTINCTLY AND CLEARLY explained that we might launch other projects under Triangle. Remember Triangle? The reason for my nickname and how we presented Jinn? There's even a youtube clip that clearly shows 'Triangle presents JINN' (here you go (https://www.youtube.com/watch?v=nzmaAYDCXrw)).

As for your nonsense bullshit:

Quote from: 2Kool4Skewl
Now, we find out that "Oh guess what guys... What you've been purchasing isn't really a share and doesn't entitle you to any profits of anything...

This has never ever been said. So please stop spreading lies, but of course you are a compulsive liar, so that's sadly all you are capable of.

Quote
But now you can redeem your non-shares for this awesome new cryptocurrency called IOTA... But wait, There's MORE!  You know that cryptocurrency that I was talking about... Yeah... It's not really a cryptocurrency, even though we called it that.


Semantics with legal implications. Since then EU has decided to recognize cryptocurrencies as they would fiat, which brings with it a clusterfuck of additional legal issues, so suddenly the term 'cryptocurrency' is ambiguous and bares with it a lot more responsibility. IOTA is exactly what we have said all along: a cryptographic transactive token, but we're not selling it as a currency or security.

Quote
Also.... *wait for it*... I don't want your guise to think this is an investment either.  This is TOTALLY NOT AN INVESTMENT.  Ok!  Wow guise, I'm glad we cleared that up.  But don't forget to buy more of this non-investment, non-cryptocurrency!  SUPPORT JINN! AWESOME!!!!111Eleventy"
Yes. It's *NOT* an investment, it's a software token. Simple as that and we're 100% upfront about it including all risks associated with it. I know that you are a idiot anarchist who thinks the real world does not apply to you, but we prefer to operate in the real world.

It's also cute to see how you have downvoted my account 8 times in 2 days for showing how dumb you are, keep going :D

This'll be the last post from you I respond to, ever since we had that big debate where I absolutely demolished every single argument you had against IoT and UBI I have been unable to take you seriously. Anyone else that is a serious person with real questions/concerns, feel free to ask away.
Title: Re: IOTA - JINN
Post by: 2Kool4Skewl on November 28, 2015, 12:16:20 am
Yes. It's *NOT* an investment, it's a software token. Simple as that and we're 100% upfront about it including all risks associated with it. I know that you are a idiot anarchist who thinks the real world does not apply to you, but we prefer to operate in the real world.

First, let me clarify that I'm not an "anarchist".  David just doesn't like me because I called him out for being the raging international communist that he is.  Second, I'm going to say that I always thought CfB was a decent guy.  I don't know why he decided to team up with David/Uniqueorn.  David/Uniqueorn is BAD NEWS.  I'm surprised CfB allows him to get away with flip-flopping like this.

I thought about investing in Jinn a long time ago, but I never did for two reasons.  The first reason was that David/Uniqueorn was involved and rule #1 is never invest money with a raging international communist because you will always get robbed.  The second reason was because competing as a small business in the semiconductor industry is imo a futile endeavour.  Good luck competing against the likes of Intel and IBM.  You're simply out-gunned in capital and IP.  Anything new you can think up, they most likely thought up decades ago and even if it's not being currently developed, it's sitting somewhere and in two seconds flat it can be resurrected with a capital infusion.  Unfortunately, I think Triangle's business model is flawed.

It's also cute to see how you have downvoted my account 8 times in 2 days for showing how dumb you are, keep going :D

I only did a handful of those.  Other people don't like you either.
Title: Re: IOTA - JINN
Post by: Triangle on November 28, 2015, 12:26:44 am
I'll ignore your nonsense lies about me being a 'international communist' etc. because it's like debating someone smoking crack, a waste of time.

I will always respond to genuine concerns re: Jinn, so I will respond to those issues:

1. Your thinking is very anti-innovation. This presumption that 'everything that can exist, already exist' is as old as lack of creativity itself. Virtually every start-up that exist proves your statements wrong. Of course IBM and Intel has not 'thought of everything', in fact Intel messed up majorly in 2010 when it decided to focus almost exclusively on the server market, which allowed ARM to get a monopoly on the mobile market. They misread the market 100% and now with IoT they are trying to play catch up. Their Edison and Quark are fine products, but they are still entrenched in legacy thinking. IBM is the same story, they've been wrong countless times. Moore's Law has exhausted which is FORCING the industry to explore new options, which is what we've been doing for the past 13 months.

2. Yes we are 'out-gunned' in capital. Of course, this is why I have never posted any proprietary info and why we keep a very stealth and secure lock on all our work. If it 'leaked' to one of these behemots they could easily replicate a lot of it in a month due to their capital. This is true for all innovation.

3. What we are innovating does not sit locked down anywhere, at least nowhere with patents, which we are securing, so even if they would have it (which they dont) they'd lose out.

4. No you did all the downvotes :) They ONLY come when you posted.
Title: Re: IOTA - JINN
Post by: rdanneskjoldr on November 28, 2015, 12:37:45 am

Instead we'll ask everyone who holds Jinn tokens to give us their contact information (we'll need this in preparation for the legal transfer of profit-shares in the near future anyway) where we'll answer more intricate questions, without opening ourselves up for scruitiny from every angle imaginable in public.


I think it would be good to have a perfect official description of what JINN exactly is in an OP, instead of lost in between discussions.

Title: Re: IOTA - JINN
Post by: 2Kool4Skewl on November 28, 2015, 06:13:21 am
This'll be the last post from you I respond to

I'll ignore your nonsense lies about me being a 'international communist' etc. because it's like debating someone smoking crack, a waste of time.

Who's lying now?  You are a raging, international communist. (https://nxtforum.org/general-discussion/universal-basic-income-with-nxt-possible-how/msg177194/#msg177194)

No you did all the downvotes :) They ONLY come when you posted.

The last downvote I gave you put you at 15.  You are currently at 16.  Think again genius.
Title: Re: IOTA - JINN
Post by: youyou on November 28, 2015, 01:42:42 pm
@2Kool4Skewl: ...

Warning Issued: Please do not insult other members of the community.

Title: Re: IOTA - JINN
Post by: Triangle on November 28, 2015, 03:23:34 pm
Who's lying now?  You are a raging, international communist. (https://nxtforum.org/general-discussion/universal-basic-income-with-nxt-possible-how/msg177194/#msg177194)

I have been a proponent of UBI since around 2006 when it dawned on me that this was the inevitably consequence of technological progression, yes. Being a proponent of UBI != communism. I know several anarcho-capitalists who are UBI supporters too. I won't have this debate here, this thread is about JINN holders, not attention seeking trolls such as yourself.
Title: Re: IOTA - JINN
Post by: Triangle on November 28, 2015, 03:23:51 pm

Instead we'll ask everyone who holds Jinn tokens to give us their contact information (we'll need this in preparation for the legal transfer of profit-shares in the near future anyway) where we'll answer more intricate questions, without opening ourselves up for scruitiny from every angle imaginable in public.


I think it would be good to have a perfect official description of what JINN exactly is in an OP, instead of lost in between discussions.

Agreed. Will post it up
Title: Re: IOTA - JINN
Post by: farl4bit on November 28, 2015, 09:25:47 pm
I deleted posts here because the topic was derailing.

No problem people have discussions on Nxtforum, but stay relevant and act respectful and normal. Thank you. For questions PM me.

Continue this topic about IOTA/JINN please.  :)
Title: Re: IOTA - JINN
Post by: Jose on November 30, 2015, 08:43:15 am
What are you planning to do with all the JINN assets you receive?
Are you going to keep them?
Are you planning to sell them again in the Asset Exchange?
Title: Re: IOTA - JINN
Post by: Triangle on November 30, 2015, 04:48:58 pm
What are you planning to do with all the JINN assets you receive?
Are you going to keep them?
Are you planning to sell them again in the Asset Exchange?

Keep and use for compensation for new employees.
Title: Re: IOTA - JINN
Post by: rlh on November 30, 2015, 07:05:42 pm
Thanks, btw, for shrinking the supply!  It looks like approximately 20% has been returned from the IPO, to you guys and the price of the JINN asset is worth more than what you are offering for the IOTA ICO (or whatever you may call it.)

 :o
Title: Re: IOTA - JINN
Post by: rdanneskjoldr on December 01, 2015, 11:11:04 am
Any plans to make Jinn trade more available? Maybe with Jinn/ Btc and Jinn/Iota markets?
Title: Re: IOTA - JINN
Post by: Triangle on December 01, 2015, 11:24:00 am
Any plans to make Jinn trade more available? Maybe with Jinn/ Btc and Jinn/Iota markets?

No, on the contrary the most likely step will be legal conversion from tokens to actual contracts.
This might be a necessary step for us to even legally be able to honor the agreements.
Title: Re: IOTA - JINN
Post by: rdanneskjoldr on December 01, 2015, 03:29:15 pm
Any plans to make Jinn trade more available? Maybe with Jinn/ Btc and Jinn/Iota markets?

No, on the contrary the most likely step will be legal conversion from tokens to actual contracts.
This might be a necessary step for us to even legally be able to honor the agreements.

I think many people may be interested in knowing more about this. Anonimity is valuable in this world, and although i trust Jinn, i may not want to publicly appear in certain type of contracts, not even knowing in which jurisdiction.
And i would like to know in case its done that way, in what currency i would receive potential future returns..
Can you expand on this before the early bird period ends? Thank you.
Title: Re: IOTA - JINN
Post by: Triangle on December 01, 2015, 03:53:38 pm
Any plans to make Jinn trade more available? Maybe with Jinn/ Btc and Jinn/Iota markets?

No, on the contrary the most likely step will be legal conversion from tokens to actual contracts.
This might be a necessary step for us to even legally be able to honor the agreements.

I think many people may be interested in knowing more about this. Anonimity is valuable in this world, and although i trust Jinn, i may not want to publicly appear in certain type of contracts, not even knowing in which jurisdiction.
And i would like to know in case its done that way, in what currency i would receive potential future returns..
Can you expand on this before the early bird period ends? Thank you.

I certainly understand that and I remember that you contacted me earlier this year regarding some concerns about this. Unfortunately it's impossible to say right now due to the uncertainties coupled with crypto and crowdfunding in general at the moment. The jurisdiction will be Norway, that's all I can say. We'll try to press for the payouts to be doable via crypto of course.
Title: Re: IOTA - JINN
Post by: Triangle on December 03, 2015, 10:22:26 am
Less than 4 hours left of the 'Pioneer period' in the crowdsale!
Title: Re: IOTA - JINN
Post by: dulinxu on December 11, 2015, 03:34:20 am
i am looking forward to promote jinn as the base staff for my projects in china. ;D
Title: Re: IOTA - JINN
Post by: theB on December 21, 2015, 12:36:05 pm
Bought some of the procrastinator's special. Good luck IOTA.
Title: Re: IOTA - JINN
Post by: Triangle on December 22, 2015, 08:12:14 pm
Collection of IOTA takes place here http://collect.iotatoken.com

Title: Re: IOTA - JINN
Post by: durerus on December 22, 2015, 11:10:26 pm
I made a mistake. I bought via JINN, but put my address in the form on the website. Then the website showed me an amount of BTC which I forgot. Then I sent the same address via the NXT account with which I bought IOTA with JINN to the crowdsale NXT account. Is this O.K.? Will I get my IOTA tokens on the address or should I create a new address?
Title: Re: IOTA - JINN
Post by: titan20 on December 23, 2015, 11:48:09 pm
IOTA - JINN SWAP

What is JINN?
There has been a lot of confusion around the JINN assets in the last months, so here is a brief recap:

JINN tokens was sold by Triangle (our company, now renamed) to represent the processor and emulator sales, NOT EQUITY, which will then be paid out through these tokens /

Hi Triangle,
I have some JINN tokens.
I did not change them for IOTA.
But i am curious what a JINN token is. You say that they represent the processor and emulator sales.

I have two interpretations of this but don't know which one of them is correct (or both are wrong):
1. I bought a lot of processors and emulators from the Company Triangle, which is going to deliver them in the future to me.
2. I bought some right to receive a share in the profit that is going to be made on the sale of processors and emulators to customers (not being me).

Ad (1) how much will i get?
Ad (2) if this is the case. Will the profit sharing be for one batch of sales or continuous?
Title: Re: IOTA - JINN
Post by: rubenbc on December 25, 2015, 10:11:04 pm
Collection of IOTA takes place here http://collect.iotatoken.com

Hey!
I sent the same seed from my two accounts. I made an error, with one of this, I sent encrypted message. Do I have to repeat the message?

thanks
Title: Re: IOTA - JINN
Post by: rubenbc on December 29, 2015, 05:53:44 pm
http://pastebin.com/XrUieiJq
it's official list??
Title: Re: IOTA - JINN
Post by: mthcl on December 29, 2015, 07:54:22 pm
http://pastebin.com/XrUieiJq
it's official list??
No.
Title: Re: IOTA - JINN
Post by: digicoiner on December 30, 2015, 04:33:44 am
How many IOTAS will be distributed in this pre-sale?  Is there a hard limit to how many will ever be created?
Title: Re: IOTA - JINN
Post by: LiQio on December 30, 2015, 05:51:43 am
How many IOTAS will be distributed in this pre-sale?  Is there a hard limit to how many will ever be created?

AFAIK all ever created (=999'999'999 tokens) will be distributed. I'm not sure about unclaimed coins (someone paid with BTC or JINN and didn't do the collect procedure or did it somehow wrong during the 3 months), but I guess they will be added to everyone's stake proportionally.
Title: Re: IOTA - JINN
Post by: digicoiner on December 30, 2015, 06:17:42 am
How many IOTAS will be distributed in this pre-sale?  Is there a hard limit to how many will ever be created?

AFAIK all ever created (=999'999'999 tokens) will be distributed. I'm not sure about unclaimed coins (someone paid with BTC or JINN and didn't do the collect procedure or did it somehow wrong during the 3 months), but I guess they will be added to everyone's stake proportionally.

Is there a time limit on when you can collect the tokens?  In the collect procedure we're  creating an address to receive the tokens.  How will we be able to access our accounts on the IOTA network and when?
Title: Re: IOTA - JINN
Post by: Fatih87SK on December 30, 2015, 06:29:55 am
When does the pre-sale close?
Title: Re: IOTA - JINN
Post by: LiQio on December 30, 2015, 06:39:15 am
How many IOTAS will be distributed in this pre-sale?  Is there a hard limit to how many will ever be created?

AFAIK all ever created (=999'999'999 tokens) will be distributed. I'm not sure about unclaimed coins (someone paid with BTC or JINN and didn't do the collect procedure or did it somehow wrong during the 3 months), but I guess they will be added to everyone's stake proportionally.

Is there a time limit on when you can collect the tokens?  In the collect procedure we're  creating an address to receive the tokens.  How will we be able to access our accounts on the IOTA network and when?

Collecting: I believe 22nd of December plus 90 days.
Access: Through the password you chose.
When: Don't know the date. CfB put it like this: "I think we won't need to wait for 3 months, it's enough to have majority claiming their iotas and GUI ready." (source https://bitcointalk.org/index.php?topic=1262688.msg13387887#msg13387887)

@Fatih87SK: The pre-sale is over.
Title: Re: IOTA - JINN
Post by: sparta_cuss on December 31, 2015, 05:29:46 am
When does the pre-sale close?

It has already closed.

See https://bitcointalk.org/index.php?topic=1216479.0 (https://bitcointalk.org/index.php?topic=1216479.0) for updates on development. Also note that one member of the community has issued an asset which s/he says provides a claim on IOTA tokens once they are available for trading (https://nxtforum.org/alternate-cryptocurrencies/iota/msg204686/#msg204686 (https://nxtforum.org/alternate-cryptocurrencies/iota/msg204686/#msg204686)).

[I am not endorsing any of the above. Just trying to provide information you might be interested in. I bought in the presale and will wait for trading on an exchange to buy more.]
Title: Re: IOTA - JINN
Post by: Triangle on January 04, 2016, 03:48:39 pm
Everyone that want to be a part of the IOTA Ryver (equivalent to Slack, just more focused) send me your email in PM along with some info on what skills you got. This Ryver is focused on getting things done and creation, not speculating.
Title: Re: IOTA - JINN
Post by: vanx on January 31, 2016, 08:59:38 am
HI, you should update the opening post to make obvious that the Jinn to Iota exchange is finished  .

Yesterday,  I did send Jinn to the NXT address and entered the iota address in http://collect.iotatoken.com/ . I had no message on the way saying that the collect is finished.

What is going to happen to my Jinn token ? Will they be changed into iota or refund to my NXT account ? ( nxt account : NXT-J6BE-JL6S-EY39-F7PMD )

Nicolas
Title: Re: IOTA - JINN
Post by: mthcl on January 31, 2016, 11:35:46 am
HI, you should update the opening post to make obvious that the Jinn to Iota exchange is finished  .

Yesterday,  I did send Jinn to the NXT address and entered the iota address in http://collect.iotatoken.com/ . I had no message on the way saying that the collect is finished.

What is going to happen to my Jinn token ? Will they be changed into iota or refund to my NXT account ? ( nxt account : NXT-J6BE-JL6S-EY39-F7PMD )

Nicolas
See https://bitcointalk.org/index.php?topic=1262688.msg13605469#msg13605469

You have to contact Come-from-Beyond (on bitcointalk, not here).
Title: Re: IOTA - JINN
Post by: P.Diddy on January 31, 2016, 02:29:01 pm
You have to contact Come-from-Beyond (on bitcointalk, not here).

Bullshit. Sales of tokens is over a month ago.
You must PM Triangle to get your JINN back.
Title: Re: IOTA - JINN
Post by: yassin54 on January 31, 2016, 02:37:51 pm
HI, you should update the opening post to make obvious that the Jinn to Iota exchange is finished  .

Yesterday,  I did send Jinn to the NXT address and entered the iota address in http://collect.iotatoken.com/ . I had no message on the way saying that the collect is finished.

What is going to happen to my Jinn token ? Will they be changed into iota or refund to my NXT account ? ( nxt account : NXT-J6BE-JL6S-EY39-F7PMD )

Nicolas
dont worrie my friend, just sent mp Triangle and he returned fund JINN  ;)
Title: Re: IOTA - JINN
Post by: tadakaluri on March 14, 2016, 05:40:17 pm
When will I be get my IOTA? I have already send JINN to the NXT address.
Title: Re: IOTA - JINN
Post by: yassin54 on March 14, 2016, 05:42:45 pm
When will I be get my IOTA? I have already send JINN to the NXT address.
Contacted CfB for claim your IOTA here https://bitcointalk.org/index.php?action=profile;u=46556  :)
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