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Messages - Triangle

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41
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

42
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 25, 2015, 05:35:09 pm »
For the people who swaps jinn for iota, it doesn't necessarily mean they didn't understand what it is. It could be that they don't believe it will succeed.

Sure, that is entirely their decision to make. But the spirit of the offer is mainly targeted at those that did not understand what they bought, to give them a way out. But it's really a win-win-win situation for those who were mislead by dishonest speculators, those who lost faith/see more potential in IOTA and us. So it's all good:)

43
Nxt Community News and Announcements / Re: IOTA - JINN
« 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 :)

44
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

45
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

46
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

47
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

48
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

49
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

50
Nxt Community News and Announcements / Re: IOTA - JINN
« 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.

51
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 25, 2015, 02:34:14 pm »
For all JINN holders who want to swap IOTA/JINN: https://nxtforum.org/news-and-announcements/iota-jinn/

52
Nxt Community News and Announcements / IOTA - JINN
« 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

53
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 25, 2015, 01:05:28 pm »
Wouldn't it be better to move Jinn away from the ever declining currency of Nxt and change all Jinn into a crypto currency that's separate from Iota.

You don't even know what's being offered, no one does. You will all know in ~1hour. Maybe hold off on the unproductive complaints based on nothing but vacuous speculation until then as informed?

Quote
I for one don't want to sell off my Jinn for the Pittance that's offerd right now into Iota especially with the big "stealth" to live move coming up.
I'm annoyed that instead of doing that first, Iota is released with Jinn still in stealth and with its value at an all time low that could instantly change when the pictures website and the rest of the info is presented to the public.

As explained before, this offer is not meant to substitute JINN due to Nxt declining in value vs other currencies, it's meant as a way for all of those who do not like long term hardware risk / Do not understand what JINN is to get a way out in the event they may have made a bad decision based on hype, not facts. 

Quote
1.
All I have to say here is marketcap take a look at that and then try and convince yourself again u gave everyone 5x roi.
You have stated this repeatedly now and to me it makes you look dishonest.
It might be 5x in nxt but in Every other currency it has massively declined.

Please explain to me how this has anything to do with us? How are we responsible for the cryptomarket? If you lived in the US and bought something in USD, this thing 5Xs in USD, then the USD crashes vs the EURO. Is this the fault of the guy who sold you something in USD? No, of course not. You act as if we run the world economy or something, if we did we would not ask for crowdfunding :)
Quote
2.
I'm not complaining about the risks If Jinn happens to fail ill take my loss and think no more about it.
I'm complaining about they way you present things.

Sure you are allowed to hold your opinion, but so far your entire argumet boils down to: "Why aren't you God and make me rich by boosting the coins I happen to hold?"

Quote
3.
It has nothing to do with being an adult or not , its about they way things are run.
You have been promising to go "live" from stealth for a long time now "Few days"  "Very soon" this is from months ago Now all of a sudden you stop saying few days very soon and start saying things like you knew its High Risk right before you offer us this "deal" to trade our Jinn for Iota when your recent announcements and lack there off dropped the price lower then its ever been (yes I know not in nxt but in BTC value and that will be the Value it will be traded for Iota so in my humble opinion that is pretty relevant.)

Yes, this decision was made once we realized that we had to make IOTA for the IoT vision to come true. As we kept getting inundated with messages from people who clearly did not understand what JINN was, we decided that this was an opportunity to offer these people something familiar as a 'way out' of their own mistake with a win-win for both sides. Of course we were not going to release more juicy info until this was then done, as it would just inevitably lead to the same thing that caused this problem in the first place: baseless speculation and speculators pumping for their own gain, meaning more people being confused.

Quote
I will buy some Iota but I sure as shit wont be buying it with Jinn that's for sure.

100% Fine by us

54
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 24, 2015, 02:52:17 pm »
I hope the announcement is used to clarify what jinn exactly is, and what the risks and potential rewards and losses are for investors. At this point the only thing i know is the communication has been poor.
And please dont take this as an offense, if so many people misunderstood it, something was wrong.

It will. However anyone that read the "Reality check" post should already have an extensive comprehension of EXACTLY what Jinn and JINN is and the risks involved. As for the poor communication I think you are alluding to the lack of constant updates, sadly this was a lesson that was learned through this experience. Every time you post an update = people will pump regardless, which leaves you in a situation where most don't even know what they bought, they just bought the hype that we had nothing to do with. So we were forced to stop giving updates regularly as we became inundated with PMs and msgs from people who had bought JINN and not understood what it was and was constantly wondering why 'development was so slow', when in reality anyone that has actually paid any attention to what Jinn is would know that this is a hardware project for extremely unorthodox tech, meaning postponements etc is 100% inevitable.

So in summary: Update will come and anyone considering a future AE endeavour should take these lessons and reconsider.

55
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 24, 2015, 12:35:09 pm »
Could we get an update on the progress of Jinn so we can make an educated decision as far as trading JINN tokens for IOTA?

+1 the same question.

We will post general update about Jinn at the announcement, but nothing super exciting yet. This is for 2 reasons:

1. A lot of tests and theory is still ongoing, so tech updates is premature.

2. This IOTA:JINN move is for those who feel more comfortable with cryptographic tokens than a high risk hardware venture. This is the one chance you'll get to make this choice again. We do this not because we have any obligation to do so, but because A LOT of people did not understand what Jinn was. This is not a "i change my mind because Jinn is only at X stage", this is "I change my mind because semiconductor development is not something I understand compared to cryptotokens". It's really that simple. 100% fair for everyone. No matter what the next big Jinn update will show good or bad (depending on your perspective), Jinn is still hardware that will continue to have the same issues that all hardware endeavors have, hence this one time chance.

It's more like YOU change your mind. Take your responsibility too and stop blaming everything on investors.

What are you talking about? Like it says there, clearly, we will provide the general update as promised, but nothing extraordinary. The reasoning has been the same all along, the IOTA:JINN offer was 100% voluntary on our end to give JINN holders who did not understand what JINN was, to get a chance to get something they do understand: cryptographic tokens. It's really that simple and clear cut.

56
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 24, 2015, 04:08:38 am »
We are making progress in every area and at the end of September we will have our first hardware components for testing back from MOSIS. That is what we are *really* excited about, as this will be the first true test that'll enable us to start making some predictions on how long it'll be before we can have a fully functional physical prototype.

Website has been done for awhile now, so as soon as that tutorial is finished and the major bugs ironed out (we're talking days) everything will go from stealth to public, active and ready to roll.

Take responsibility for your own actions.

Sorry, you sound like you hiding something. Pity, we are here together. I hope the next test will be much more successful. Good luck.

I tell him to take responsibility of his own actions and you somehow deduce that I am hiding something? We are not responsible for how he spends his money and we're not hiding that fact.

We have absolutely nothing to hide at all whether testing goes good or bad, we're doing exactly what we set out to do: make a completley new kind of technology, the tests are stepping stones so we perceive all results as good as they teach us more.

57
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 24, 2015, 12:51:20 am »
Could we get an update on the progress of Jinn so we can make an educated decision as far as trading JINN tokens for IOTA?

+1 the same question.

The Big Update with pictures of hardware and finally going from "stealth" to Live ye ,, My Guess is they will hold off on that for a couple of weeks.So if you want to get in on the early bird special there will be No update before then.
So they can get your Jinn back at a nice big discount.
So now u have the sweet option to trade in your Jinn that you bought for 0.01412800 btc and now buy Iota with it at 0.00602993btc value but hey don't worry because u made 5x roi in NXT!! so your rich!
(not to mention that BTC was about 1.5x higher at that time but whois counting.)

No the Triangle company isn't doing their Jinn asset holders any favours with this deal that's for Fing sure If they where Iota would be released AFTER the big Jinn update that's coming VERY SOON but instead they ask us to Lube up and Bend Over.

>source< >http://coinmarketcap.com/assets/jinn/<

Please tell me I'm Wrong about this Mr T.

I realize that in all likelihood you are just trolling, but so others don't get confused:

1. You keep talking as if we are somehow responsible for the global cryptocurrency trade. You bought JINN tokens with NXT tokens. In NXT tokens you did indeed 5X ROI. How that relates to NXT <> BTC or NXT <> USD or NXT <> RUPEE is not any of our concern. We are not responsible for the global crypto market or how you manage your funds. Take responsibility for your own actions.

2. We warned about all these risks from day 1.

3. Like Achim said: if you don't want to buy IOTA, don't buy IOTA. IOTA is a cryptographical token. I.E. software that has utility, if you do not find this utility valuable, you don't buy it. Simple as that. Again this is about being an adult and making a choice based on your own analysis.

58
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 24, 2015, 12:44:29 am »
Could we get an update on the progress of Jinn so we can make an educated decision as far as trading JINN tokens for IOTA?

+1 the same question.

We will post general update about Jinn at the announcement, but nothing super exciting yet. This is for 2 reasons:

1. A lot of tests and theory is still ongoing, so tech updates is premature.

2. This IOTA:JINN move is for those who feel more comfortable with cryptographic tokens than a high risk hardware venture. This is the one chance you'll get to make this choice again. We do this not because we have any obligation to do so, but because A LOT of people did not understand what Jinn was. This is not a "i change my mind because Jinn is only at X stage", this is "I change my mind because semiconductor development is not something I understand compared to cryptotokens". It's really that simple. 100% fair for everyone. No matter what the next big Jinn update will show good or bad (depending on your perspective), Jinn is still hardware that will continue to have the same issues that all hardware endeavors have, hence this one time chance.

59
Nxt Community News and Announcements / Re: [ANN] Jinn
« on: November 22, 2015, 01:20:52 pm »
Crowdsale of IOTA will begin on November 25th at 2 PM UTC.

All details re: JINN:IOTA conversion will come on Wednesday

60
Nxt General Discussion / Re: IOTA + Nxt
« on: November 17, 2015, 07:18:48 pm »
Thanks :)

We're still wide open to Nxt to discuss overlap. Especially given the future of Nxt Smart Contracts

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