Ah don't you just love a good mystery coin?

As you'll have noticed their website (at least the one linked to coinmarketcap) is empty, but it wasn't always like that. This is what the internet archive shows us:

https://web.archive.org/web/20141005232852/http://www.jinnlabs.com:80/

Then the coin was discussed in detail here:

https://letstalkbitcoin.com/forum/post/making-sense-of-jinn

Also, note the comment at the bottom of one of David's links (https://dev.to/buntine/the-balanced-ternary-machines-of-soviet-russia):

• (...) FYI the IOTA project has a prototype ternary microprocessor (called JINN) and they are working on plans for widescale adoption in Internet-of-Things devices. Specifically it will provide low-power high-velocity nanotransactions. They have their own "cryptocurrency" token with it as well. So we may see a resurgence in ternary coming soon. (or maybe not, who knows?)

Since Iota just went sky high after announcing a big deal with (among others) Microsoft and Fujitsu (see: https://cointelegraph.com/news/iota-price-explodes-after-agreement) I am guessing the current spike in Jinn is stemming from a small group of people that are very aware of the link between these projects.

Have to say: sad I didn't figure this one out before..

Can't sell your ADA on Bittrex at the moment, says wallet is out for "Automated Maintenance".   

Did anyone notice the vast amount of empty blocks being mined?

https://decent-db.com

Chain seems almost abandoned?

Haha, you should check out this guy's post-history.. you might wonder if it was even worth responding . He's all about strong words, zero content. Yet, fully agree to what you said, one can only scam oneself, true that..!

How come you suddenly start referring to something that was announced over 6 months ago -> http://blog.storj.io/post/158740607128/migration-from-counterparty-to-ethereum ?

Still though, didn't realize yet that STORJ apparently switched from Bitcoin-related to an Ethereum related coin back then. So thnx.

Great answer, took quite some time to figure this out myself but at least now it's written here in clear language. Hopefully it will also be of benefit to others that end up here with the same question. Thnx!

Haha, from all the scams I've seen this must've been one of the easiest ones to spot.

That said; on claiming Bitcoin Gold: I thought the split had already occurred, but from what I gather from here -> https://medium.com/@coinomi/collecting-your-free-bitcoin-gold-btg-coins-da937d4255d1 (message from Coinimi wallet on Medium) 25 October was mere the moment the snapshot of the BTC network was taken. The actual split won't happen until the 1st of November.

I'm guessing, after that date, one might simply download the Coinimi wallet and import your Electrum keys into it to claim the Bitcoin Gold?

Would love to see some DEVS respond to this. I've read similar requests for a profit-calculator all over and I would certainly like to see one for myself.

The only estimated earnings I managed to find was some guy in the STORJ community slack that said 100TB of storage should most likely earn you around $150-$300 a month..

Yet, if I look at the price of the necessary hardware (a full 100TB rig would cost about $5000 I guess?) and the electricity it would cost to run it.. a quick guess would be that even in the most positive scenario of $300 a month it would take you at least 16 months to reach your return of investment. And that is the upmost positive scenario..

Unless the price of STORJ rises of course and you'd make a lot more then $300.

Yet, if that happens, probably more people will come to rent out space and thus lowering the potential STORJ tokens to earn, right?

Someone please clarify for the noobs out here that might be willing and able to participate.

Looked into this coin.. 24h trading volume of less then $50.000, can't seem to find lots that's special about it. Other then a very long term staking oppertunity/guess I wouldn't bet on it.

Good fortunes to those who do.

Well.. way I would see it: best to hodl until Bitcoin's Segwit2x fork. See, the Segwit2x is a hostile fork attempt without replay protection: meaning Bitcoin users that initiate any kind of transaction will be unsure if their BTC will be lost, will end up on a different fork or.. well enough scenario's to be scared about. It will cause people to at least temporarily halt doing any transactions and they're likely to search for alternatives, who knows.. maybe they'll jump ship to Bitcoin Cash.

Also, it makes sense, even those that oppose of 2x aren't necessarily against a bigger block size per se, but just against the way it is currently being forced onto the network. They might look at Bitcoin Cash and conclude that hey.. those guys already have both SegWit & Bigger Blocks.

Just newbie insights here.. weight them on your own terms.

Statement made by @nrg_wolf on 14 july 2017 when price was $4.31.. price has since dropped to $0.96.

 

The quoted statement was made on 28 aug when this coin was still trading at $38... now it's been under $10 for quite some weeks..

Worst prediction ever? 

Only until now am I beginning to see the crazyness around these airdrops everywhere.. there are a lot of accounts on here catching a few free pieces of almost every new token out there.. seems like a fun activity that I think I will also indulge myself in a bit over the coming weeks. That said though, the whole idea of chasing airdrops and selling your tokens a.s.a.p. once the market opens is off course nowhere near a sign of actual support of the ideals behind the token, which is obviously why so many scams exists.

Sorry to catch a late reply but.. how do you not see the loan part on their website? The whole project is centered around it way I see it.. (again, enlighten me if incorrect)

The name of this thread is "ONIX PROJECT, A DECENTRALIZED LOANS PLATFORM!".

The video on the website says users are able to "Deposit Onix on a fixed term for an specific time (spelling error not mine, it's in the vid) and Onixcoin.com grants a loan with a yearly interest rate."

An article on Cardano by Trustnodes for who's interested in a more thoroughly researched opinion then mine: http://www.trustnodes.com/2017/10/02/cardano-eyes-ethereum-smart-contracts-grabs-half-billion-market-cap

I guess it's fair critique I didn't mention those positives, which I agree they are. It's not that I didn't look at them and it may well be that they prove to be a valid and strong foundation for Cardano and the ADA coin.

That said, I did state I was just spilling some newbie thoughts.. given the amount of negative news regarding crypto-scams, of which we cannot deny there are a lot floating around, I feel it is only healthy to be on high guard. So, if a new coin pops up with a major market cap I don't feel it's unhealthy to be skeptical about it: guilty till proven innocence rather then the other way around. It's not how I like it to be but I perceive it necessary in crypto land.

Reason crypto isn't mainstream in my eyes is because on regular markets there are a lot of regulations and government-oversight that to some extend protects it's users. Simultaneously though those same regulations form a sometimes suffocating grip on things, forcing a status quo when we in fact would like to see a natural evolution of things. Crypto at the moment still offers that freedom, but that also means it lacks the regular protections.

My post probably sounded a bit more negative then I meant it. When I said I wouldn't gamble on it I meant 'as of this moment'. Still feel that way though. Might be a lack of insight or understanding, once again I'm just a newbie here so people should judge for themselves if they consider my thoughts shortsighted or not.

I do indeed like the Haskell approach on Github and the stated motivations behind the entire project at https://whycardano.com/, so if my early musings prove shortsighted I'll be the first to admit when the time comes..

I'll state it one more time so it's clear: I am just stating some newbie hunches here, not an expert overview. If you are thinking about investing in this coin: do your own research and draw your own conclusions.

Some newbie insights: Well, ok, for a coin with such a high market cap this coin has a whole lot of question marks floating around it.. not to mention the dubious articles on it's founder as you dig into it..

That said, even if it is dubious, question is if the coin is a good or bad investment as of this moment..

As a long term solid investment I wouldn't gamble it, but if you're on a hunch for a quick profit, who knows..

So sad many airdrops require a minimum type of membership to Bitcointalk.. just wish I had been here earlier when all the first real airdrops started flying their rounds..

Still though, enjoy your tokens everyone!  

Could someone explain the benefits of using WiC App in highly populated areas like major cities? I'd say as soon as a few people "sell" their wifi, in order to compete with these and draw any traffic to your own hotspot your price would soon need to drop to near zero.. furthermore, in a highly populated area chances of people misusing your wifi and causing you legal problems seem quite real..

I've read the devs statement on page 1 that misuse is unlikely since people wanting to commit harm would be more likely to go to a free-WiFi spot at like MacDonalds rather then pay WiC for yours.. this logic however (to me) seems broken. For if there is a free-WiFi spot nearby why would anyone else rather choose to pay WiC for yours? Could be bandwidth/connection speed but the same would apply for scammers etc.. Also, everyone knows that at free-WiFi spots there is usually a ton of logging taking place.. while if you could use someones private WiFi you'd be much more anonymous..

So, as far as I see it.. high risks (misuse of your WiFi causing you legal problems) for small / neglectable gains.

In more remote locations where WiFi spots are (very) scarce it might be profitable to run the app but it would still be (in my eyes) a huge security risk and you probably won't draw a lot of traffic in less densely populated zones (so again, not much to gain..).

If anyone could explain me why I'm looking at this the wrong way round, please explain .

---

PS: If the price goes to moon because of pure speculation however, it might still be fun to buy and hodl a few and sell at peak..

Allright, newbie question here.. from what I understand from the vid on the website I'm able to deposit ONX tokens to take a loan (of a similar amount of ONIX?), and then I can use that loan to do stuff.. and after I pay it back I get my tokens back..

How is that different from short trading that I can do with any token on a lot of exchanges? Besides taking a loan.. am I also able to lend my tokens to other users to short with?

Thnx for any insights!

If I confuse concepts.. hope you'll enlighten me !

Thnx guys