[ANN][IOC] IOTA CLASSIC - ICO LIVE ! 1 - 30 September 2016

[iotatokenclassic]

IOTA Classic - IOC

https://twitter.com/iotaclassic

Coin Information
Total Coins - 10 Million
Algorithm - Tangle
ICO time frame 1 -30 September 2016
Launch date 1 October 2016
Exchange Launch date 10 October 2016


Read before posting here:

This is not a clone of IOTA and this is not a scam.
This topic is not self moderated, we like freedom of expression, but please don't FUD our hard work.
We will use a Verified Escrow for the ICO and the ICO will be full refundable if we don't reach our goal that is 100 BTC.
We also have a limit of 3000 BTC. After this goal the ICO is over, but the relase date will remain the same.

 
IOTA CLASSIC is the original idea of IOTA before iotatoken decide to modify the supply from 999.999.999 to te actual supply of 2.8 quadrillion. We don't agree and some of us have started  this project that we recently decided to rename IOTA CLASSIC - IOC

With a brand new code based on CfB code, any single IOC can run on multiple devices,  and our supply is only 10 Million

Main difference between IOTA and IOTA CLASSIC

- One IOC can run multiple devices. More info will be spread the next weeks.


Road Map
Our Roadmap

September 2016

• Crowdfunding Starts

October 2016

• Code relase on github
• Wallet relase
• Web site relase
• Exchange Launch

Fall 2016 (Q4)  

• Project Beta
  
• Prototype Development
• Initial Concept Paper Released
• PR / Discussion / vLogs

Winter 2017 (Q1)

• Project IBM
  
  • Official project development starts
  
  
  Frome the original idea of Come from Beyond :
  
  reference:
  
  https://bitcointalk.org/index.php?topic=1216479.0
  
  https://iota.readme.io/docs/what-is-iota
  
  
  Iota CLASSIC is the Original and new IOT coin for  micro-transaction optimized for the Internet-of-Things (IoT). IOTA CLASSIC is a revolutionary new transactional settlement and data transfer layer for the Internet of Things. It’s based on a new distributed ledger, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. For the first time ever, through IOTA people can transfer money without any fees. This means that even infinitesimally small nanopayments can be made through IOTA.
  
  Frome the original idea of Come from Beyond :
  
  Tangle
  
  A Tangle is a Directed Acyclic Graph (DAG).
  https://i.imgur.com/dB7zOho.jpg
  
  
  Tangle vs Blockchain
  
  Iota CLASSIC’s blockchain solves the following problems of its blockchain cousin:
  
  Centralization of control
  As history shows, small miners form big groups to reduce variation of the reward. This leads to concentration of power (computational and political) in hands of few pool operators and gives them ability to apply wide spectrum of policies (filtering, postponing) on certain transactions. Although there are no known cases where pool operators abused their power, there have been several instances where the opportunity were present. This possibility in a monetary system powering a multibillion (in USD) industry is completely unacceptable.
  
  “Obsolete” cryptography
  Although large scale quantum computers do not exist yet, future oriented companies have already begun initiating the steps towards quantum-resistant cryptography. From a security point of view it makes perfect sense to assume that hardware capable of cracking classical cryptoalgorithms may appear in the very near future, so preparation is the only defense.
  
  Inability to conduct micropayments
  Transaction fees are used to cover miner expenses and mitigate spam-attacks. They also set a threshold on the minimum amount of a payment below which money transfers become inexpedient.
  
  Partition intolerance
  Blockchain-based currencies are unable to survive long-sustained partitioning of the network because this may lead to reversal of a large number of transactions. It is also impossible to initiate an intentional partitioning in cases when it is required.
  
  Discrimination of participants
  Existing cryptocurrencies are heterogeneous systems with clear separation of roles (transaction issuers, transaction approvers). Such systems create unavoidable discrimination of some of their elements which in turn creates conflicts and makes all elements spend resources on conflict resolution.
  
  Scalability limits
  Some cryptocurrencies have hard limits on the maximum transaction rate and this limits cannot be removed in a decentralized manner. A magic number of a limit set before the launch cannot satisfy requirements of a system unless it is set by a person with extraordinary prediction skill. A too low value may hinder growth of the userbase, a too high value may open system to different kinds of attacks.
  
  High requirements for hardware
  Bitcoin-derived cryptocurrencies use its original script-based approach which allows implementation of a wide range of use-cases. Other currencies use an approach similar to one used by banks but add extra features. They both substantially raise requirements for hardware because of complex transaction processing logic.
  
  Unlimited data growth
  Storing of all state transitions leads to fast growth of data while does not increase stored balance information significantly. This inefficiency cannot be removed even with data pruning technique and high popularity of the currency may lead to its collapse.
  
  
  Tangle-blockchain interoperability
  
  Iota CLASSIC does not seek to replace the blockchain entirely, it also acts as a supplementation to the current blockchain ecosystem by acting as a oracle for smart contract platforms like Ethereum and Rootstock. Additionally it increases security of blockchains by enabling the ability to include checkpoints for transactions.
  
  
  Sergio_Demian_Lerner's thread about DAG in crypto here: https://bitcointalk.org/index.php?topic=1177633.0
  
  Articles:
  http://cointelegraph.com/news/115508/iota-a-blockchain-less-gasp-token-for-the-internet-of-things
  
  
  ICO Information:
  
  - DURATION: 1 - 30 September 2016
  - ICO Donation Address: 1H5PVbigDpabB6CTzXMvtviZ551J8E2KD https://blockchain.info/address/1H5PVbigDpabB6CTzXMvtviZ551J8E2KD
  - ICO BONUS:
  
  
  - 25% Ninja Bonus : Only Donation recived on 31 of August 2016
  - First week :20%
  - Second week: 5%
  
  UTC time
  
  Please send BTC to donation address only if you own the private keys. DO NOT SEND FROM EXCHANGES
  
  Escrow information soon.
  
  FOR MORE INFO PLEASE VISIT : https://twitter.com/iotaclassic
  
  
  

[iotatokenclassic]

reserved.

[alexsm751]

IOTA Classic - IOC

https://twitter.com/iotaclassic

Coin Information
Total Coins - 10 Million
Algorithm - Tangle
ICO time frame 1 -30 September 2016
Launch date 1 October 2016
Exchange Launch date 10 October 2016


Read before posting here:

This is not a clone of IOTA and this is not a scam.
This topic is not self moderated, we like freedom of expression, but please don't FUD our hard work.
We will use a Verified Escrow for the ICO and the ICO will be full refundable if we don't reach our goal that is 100 BTC.
We also have a limit of 3000 BTC. After this goal the ICO is over, but the relase date will remain the same.

 
IOTA CLASSIC is the original idea of IOTA before iotatoken decide to modify the supply from 999.999.999 to te actual supply of 2.8 quadrillion. We don't agree and some of us have started  this project that we recently decided to rename IOTA CLASSIC - IOC

With a brand new code based on CfB code, any single IOC can run on multiple devices,  and our supply is only 10 Million

Main difference between IOTA and IOTA CLASSIC

- One IOC can run multiple devices. More info will be spread the next weeks.


Road Map
Our Roadmap

September 2016

• Crowdfunding Starts

October 2016

• Code relase on github
• Wallet relase
• Web site relase
• Exchange Launch

Fall 2016 (Q4)  

• Project Beta
  
• Prototype Development
• Initial Concept Paper Released
• PR / Discussion / vLogs

Winter 2017 (Q1)

• Project IBM
  
  • Official project development starts
  
  
  Frome the original idea of Come from Beyond :
  
  reference:
  
  https://bitcointalk.org/index.php?topic=1216479.0
  
  https://iota.readme.io/docs/what-is-iota
  
  
  Iota CLASSIC is the Original and new IOT coin for  micro-transaction optimized for the Internet-of-Things (IoT). IOTA CLASSIC is a revolutionary new transactional settlement and data transfer layer for the Internet of Things. It’s based on a new distributed ledger, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. For the first time ever, through IOTA people can transfer money without any fees. This means that even infinitesimally small nanopayments can be made through IOTA.
  
  Frome the original idea of Come from Beyond :
  
  Tangle
  
  A Tangle is a Directed Acyclic Graph (DAG).
  
  
  
  Tangle vs Blockchain
  
  Iota CLASSIC’s blockchain solves the following problems of its blockchain cousin:
  
  Centralization of control
  As history shows, small miners form big groups to reduce variation of the reward. This leads to concentration of power (computational and political) in hands of few pool operators and gives them ability to apply wide spectrum of policies (filtering, postponing) on certain transactions. Although there are no known cases where pool operators abused their power, there have been several instances where the opportunity were present. This possibility in a monetary system powering a multibillion (in USD) industry is completely unacceptable.
  
  “Obsolete” cryptography
  Although large scale quantum computers do not exist yet, future oriented companies have already begun initiating the steps towards quantum-resistant cryptography. From a security point of view it makes perfect sense to assume that hardware capable of cracking classical cryptoalgorithms may appear in the very near future, so preparation is the only defense.
  
  Inability to conduct micropayments
  Transaction fees are used to cover miner expenses and mitigate spam-attacks. They also set a threshold on the minimum amount of a payment below which money transfers become inexpedient.
  
  Partition intolerance
  Blockchain-based currencies are unable to survive long-sustained partitioning of the network because this may lead to reversal of a large number of transactions. It is also impossible to initiate an intentional partitioning in cases when it is required.
  
  Discrimination of participants
  Existing cryptocurrencies are heterogeneous systems with clear separation of roles (transaction issuers, transaction approvers). Such systems create unavoidable discrimination of some of their elements which in turn creates conflicts and makes all elements spend resources on conflict resolution.
  
  Scalability limits
  Some cryptocurrencies have hard limits on the maximum transaction rate and this limits cannot be removed in a decentralized manner. A magic number of a limit set before the launch cannot satisfy requirements of a system unless it is set by a person with extraordinary prediction skill. A too low value may hinder growth of the userbase, a too high value may open system to different kinds of attacks.
  
  High requirements for hardware
  Bitcoin-derived cryptocurrencies use its original script-based approach which allows implementation of a wide range of use-cases. Other currencies use an approach similar to one used by banks but add extra features. They both substantially raise requirements for hardware because of complex transaction processing logic.
  
  Unlimited data growth
  Storing of all state transitions leads to fast growth of data while does not increase stored balance information significantly. This inefficiency cannot be removed even with data pruning technique and high popularity of the currency may lead to its collapse.
  
  
  Tangle-blockchain interoperability
  
  Iota CLASSIC does not seek to replace the blockchain entirely, it also acts as a supplementation to the current blockchain ecosystem by acting as a oracle for smart contract platforms like Ethereum and Rootstock. Additionally it increases security of blockchains by enabling the ability to include checkpoints for transactions.
  
  
  Sergio_Demian_Lerner's thread about DAG in crypto here: https://bitcointalk.org/index.php?topic=1177633.0
  
  Articles:
  http://cointelegraph.com/news/115508/iota-a-blockchain-less-gasp-token-for-the-internet-of-things
  
  
  ICO Information:
  
  - DURATION: 1 - 30 September 2016
  - ICO Donation Address: 1H5PVbigDpabB6CTzXMvtviZ551J8E2KD https://blockchain.info/address/1H5PVbigDpabB6CTzXMvtviZ551J8E2KD
  - ICO BONUS:
  
  Please send BTC to donation address only if you own the private keys. DO NOT SEND FROM EXCHANGES
  
  Escrow information soon.
  
  - 25% Ninja Bonus : Only Donation recived on 31 of August 2016
  - First week :20%
  - Second week: 5%
  
  UTC time
  
  FOR MORE INFO PLEASE VISIT : https://twitter.com/iotaclassic
  
  
  

Hi Dev! Will the promotion? Bounty?

[malmoghetto]

Another troll pr scam project, be cautious, you noobs don't be fooled by this scammer!!  Never invest in no escrow ico!  Just see the link below, this kind of scammer designs various of XXX classic to follow the ETC huge pump, wanna scam money from you noob's pockets. Remember, never invest in this kind of scam!!   

https://bitcointalk.org/index.php?topic=1600647

[Come-from-Beyond]

The OP is either cryptohunter or Admiral_Bit, the both are not the brightest ones on this forum...

[markj113]

What is the tangle algorithm?

OP is a clown

[BigCat45]

And the best part - 3000 BTC limit. LOL
Take my money please

[iotatoken]

This poor mentally ill guy needs help. He literally spends hours daily for the past months making up nonsense about IOTA due to the fact he missed out on crowdsale ;\

I actually suggest people donate to his Mental Heath ICO

And just so nobody gets confused: we never inflated supply.

[schnötzel]

do you need german translation?

[Jabbawa]

Very poorly thought out and poorly executed scam... you'd have to be a proper dribbling retard to send any money to this two-bit con-artist lol.

Is it worth the effort when no one is stupid enough to fall for it?

 

[bohokor]

Another ICO. 

[eye4bd]

IOTA Classic - IOC

https://twitter.com/iotaclassic

Coin Information
Total Coins - 10 Million
Algorithm - Tangle
ICO time frame 1 -30 September 2016
Launch date 1 October 2016
Exchange Launch date 10 October 2016



FOR MORE INFO PLEASE VISIT : https://twitter.com/iotaclassic


[/list]

Hi
Seem likes a revolution have been started to producing Classic  version of all altcoins!
And I'm Ok with that. But wondering people behind all those projects are what actually want to do? Are they deserve to be backed!
If so, What is all about this_ FOR MORE INFO PLEASE VISIT : https://twitter.com/iotaclassic {Just One tweet regarding on ICO With 25% bonus]


Thanks!

[shadabahmed]

dev is there any bounty for translations?
if yes than i wil translate hindi INDIAN language

[cryptohunter]

The OP is either cryptohunter or Admiral_Bit, the both are not the brightest ones on this forum...

I have nothing to do with this. Although I am awaiting some iota clones with fair initial distribution.

I would suggest some very in depth questions are asked of the OP to ensure he has the capacity to make a clone of iota. If not then it must be assumed to be hoax.

Is it more of a scam than the original iota..... then that would be a matter of perspective.

I see no escrow - so this looks like it needs caution before investing. I would insist upon escrow for all ICOs

[SteveoMB]

thread of shame.

bullshitlevel >9000

[Splatters]

It's not a scam trust him

[achimsmile]

scam attempt, beware

[super-cpu]

ETH classic
Monero classic
IOTA classic
 

[oldisoft]

ETH classic
Monero classic
IOTA classic
 

BTC classic?

[oldisoft]

beware of SCAM