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Author Topic: IOTA - JINN  (Read 42956 times)

farl4bit

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Re: IOTA - JINN
« Reply #40 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
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2Kool4Skewl

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Re: IOTA - JINN
« Reply #41 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.
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
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2Kool4Skewl

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Re: IOTA - JINN
« Reply #42 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."
« Last Edit: November 28, 2015, 05:55:21 am by 2Kool4Skewl »
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Triangle

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Re: IOTA - JINN
« Reply #43 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).

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.
« Last Edit: November 27, 2015, 11:49:46 pm by Triangle »
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2Kool4Skewl

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Re: IOTA - JINN
« Reply #44 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.
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Triangle

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Re: IOTA - JINN
« Reply #45 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.
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rdanneskjoldr

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Re: IOTA - JINN
« Reply #46 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.

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2Kool4Skewl

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Re: IOTA - JINN
« Reply #47 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.

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.
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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

youyou

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Re: IOTA - JINN
« Reply #48 on: November 28, 2015, 01:42:42 pm »

@2Kool4Skewl: ...

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

« Last Edit: November 30, 2015, 09:42:50 pm by VanBreuk »
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Triangle

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Re: IOTA - JINN
« Reply #49 on: November 28, 2015, 03:23:34 pm »

Who's lying now?  You are a raging, international communist.

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.
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Triangle

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Re: IOTA - JINN
« Reply #50 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
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farl4bit

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Re: IOTA - JINN
« Reply #51 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.  :)
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Jose

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Re: IOTA - JINN
« Reply #52 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?
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Triangle

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Re: IOTA - JINN
« Reply #53 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.
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rlh

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Re: IOTA - JINN
« Reply #54 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
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rdanneskjoldr

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Re: IOTA - JINN
« Reply #55 on: December 01, 2015, 11:11:04 am »

Any plans to make Jinn trade more available? Maybe with Jinn/ Btc and Jinn/Iota markets?
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Triangle

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Re: IOTA - JINN
« Reply #56 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.
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rdanneskjoldr

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Re: IOTA - JINN
« Reply #57 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.
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Triangle

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Re: IOTA - JINN
« Reply #58 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.
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Triangle

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Re: IOTA - JINN
« Reply #59 on: December 03, 2015, 10:22:26 am »

Less than 4 hours left of the 'Pioneer period' in the crowdsale!
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