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Author Topic: IOTA  (Read 1312020 times)
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vlight
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March 07, 2016, 10:40:46 AM
 #2301

But you've not answered why you don't want a second ICO?
Do you not want more funds for your project? such a small ICO ?
You could have an ICO that lasted for 1000yrs but if nobody knew about it then you will not have many invest regardless of your project.

LISK - has made far greater effort to advertise their ICO ...can you go a page on this board without seeing the huge LISK sigs everywhere?
Facebook rewards, twitter rewards. I'm not here to compare to LISK but since you want to discuss it I shall not stand in your path.

If I was coming from NXT i would have made certain my next ICO did not suffer the same fate.

Just think the iota community should think it over. If there was a poll that demonstrated such demand surely cgb and iota will reconsider? It's not even launched yet. You could lock in 100% profits by making the next IOTA 2x the price? how about that. Surely 100% profits is enough guaranteed?
Then so many more people rather than a handful in this community and no questioning of distribution and more funds for the project? seems no reason not to does there?

Why not all give it some time to sink in then think it over. I have to go now but you guys seem great so will certainly be back to discuss again in the near future. I only think a small minority would dislike the idea. Those that just want to try and dump out at 30x ico and not see such a promising project reach full potential without a black mark.

Do you think all those people who invested at ICO are not regretting  not throwing more money at this project? Sure, now that you see that IOTA probably is legit, you want to invest, but those who send their BTC at ICO took a huge risk, and even at this point in time it's not 100% that something will not go wrong. And please, let's not pretend that you want 2nd ICO because you somehow care about this project's distribution. You only want to get a larger piece of the pie in expense of those who invested their time in finding the project in time and took the higher risk.

Also, people here knew about upcoming IOTA ICO at least one month in advance and there was 1K+ of BTC donated, you can't compare this with NXT distribution. It's not even close.
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March 07, 2016, 10:54:25 AM
 #2302

I'm new to iota.  What would be the most efficient way to purchase iota?

BTW, here is a very good collection, many opportunities to purchase IOTA.


Also of course here and here.
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March 07, 2016, 11:21:51 AM
 #2303


I've never heard of Lisk, neither have billions of other people, so should they hold another ICO?  IOTA raised over 1.3k BTC and the ICO was pretty well advertised among users, that's pretty good for any crowd funded project. Anyway, another ICO is not happening so you're wasting your breath.

Really? and yet it is on nearly every page of this thread in bold upon which you have been posting. I see it there in the sigs of people you're replying to? and on nearly every page here.

Are you sure you never heard of it before?

I don't think you're 100% able to say for sure there won't be a 2nd ICO. It hasn't really been discussed on the  main forum yet. You would be more than shocked what a good discussion can bring. Do you know that they nearly did a huge air drop for darkcoin once because I and then a few others who noticed said it would be a great idea.

If you believe something is a good idea and then you convince others it's a great idea too.... You can make it happen.



I dont speak for core devs, but I am gonna go out on a limb here and say:

You are the only one crying about 2nd ICO.

It is not gonna happen.

deal with it.


IOTA dosn't need a 2nd ICO, IOTA dosn't need more speculators.
IOTA needs more partnerships with big companies like the Microsoft thing.
I dont see Satya Nadella bitchin around because he missed ICO.


This. And even if there where a second ico after that some people would miss that and would be demanding a third and a fourth ico etc. Also Iota team doesn't need more funding. David has mentioned that they where happy with the collected about 500k usd amount. Also they don't rely completely on the ico funds they have their own funds and most importantly Iota team is not a big team the expenses aren't that big unlike for ethereum for example. Just wait for Iota to hit exchanges and do some buying you haven't yet missed on anything. There are still massive gains to be made short and long term imo.

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March 07, 2016, 12:45:41 PM
 #2304

General commentary on this:

1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.

2. We chose to do zero premine in order to ensure that the community has to take care of itself and not be dependent on us. We could've easily set aside 5% premine and used these funds to sustain IOTA, but this would make us liable, which we're not. Instead IOTA lives or dies by the community, as such an open source decentralized technology should. If you hold IOTA and you want IOTA to succeed, you must accept that you should probably donate some of your iotas towards whoever you see got an interesting project going on, setup some bounties, do some marketing, whatever.

3. Focus on the issues that matter: companies and projects. Having a simple Raspberry Pi use case is worth more than 100 forum threads of discussion about price.

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March 07, 2016, 02:12:11 PM
 #2305

General commentary on this:

1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.

2. We chose to do zero premine in order to ensure that the community has to take care of itself and not be dependent on us. We could've easily set aside 5% premine and used these funds to sustain IOTA, but this would make us liable, which we're not. Instead IOTA lives or dies by the community, as such an open source decentralized technology should. If you hold IOTA and you want IOTA to succeed, you must accept that you should probably donate some of your iotas towards whoever you see got an interesting project going on, setup some bounties, do some marketing, whatever.

3. Focus on the issues that matter: companies and projects. Having a simple Raspberry Pi use case is worth more than 100 forum threads of discussion about price.


Bingo! Thanks for injecting some reason.  I come to this primary thread for highlights when I can't keep up with Ryver and this discussion was getting old. 

Another point to the individual asking another ICO round-- even if 95% of the community agreed to having another ICO round (which we wouldn't) this still wouldn't be possible.  The IOTA team set the initial rules and gave, technically, 3 rounds of crowdsales back-to-back where the first two gave different levels of percentage bonuses.

Having a second crowdsale would undercut the agreed distribution amounts, which the team outlined.  Ignoring past agreements would be a huge liability and no one, or company, in their right mind would go against their initial "contract" just to get a little extra cash in their pockets.  Well... some might but that would be idiotic due to the legal storm that would inevitably follow.

Just be cool, this will get on an exchange.  The inevitable truth is there are always investors who just want to make a little ROI.  In crypto-land, 2-3x is "a little ROI" for an ICO.  IOTA will certainly do much better than that so there should be significant volume once this is released to exchanges, and I could see numerous millions being bought and sold (and potentially heavily dumped) in the first few weeks.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
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March 07, 2016, 03:04:41 PM
 #2306



1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.




You know i love iota and i have supported this project from the beginning, but i don't agree with this.

Lisk is rising more founds because they use a lot of Marketing and all the ico procedure is easy and user friendly.

Iota crowdslaes was more advanced user oriented and without any marketing supporting the ICO.



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March 07, 2016, 03:04:53 PM
 #2307

1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.

I guess one of the reasons for Lisk to raise more funds is IOTA. Because people saw the price increase of IOTA, they started to regret they did not put more money on IOTA. They believe Lisk is a similar opportunity and decide to put more money and not miss another opportunity.
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March 07, 2016, 03:27:37 PM
 #2308

Could IOTA be of interest for Slock.it?  
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March 07, 2016, 03:36:49 PM
 #2309

One big reason they are raising more funds is large XCR whales have been FORCED into their ICO - either we exchange XCR or we lose it all. So that is already a good chunk of money upfront that has more or less been forced to participate.

I would not have participated otherwise, honestly.

XCR held a contest for a DAPP build with 1 million XCR prize (1% of entire supply)... ZERO submissions.
XCR could not get delegates to secure the network (so much for user friendly)... almost the entire DPoS delegate system were being run by the devs themselves.

LISK is a direct fork with an updated reward system for delegates (hopefully that is incentive enough), they don't really have a team in place as far as I understand it - the two people in charge now could not technically develop the coin on their own. So there will need to be a huge hiring process and the entire roadmap is not particularly clear right now.

The general impression, which concerns me, is that LISK looks to be a project working hard on ads and marketing without a great deal of evolution from XCR - which stalled out extremely quickly.

I see IOTA as potentially important as an additional layer ontop of many other systems and industries... it compliments things about BTC, ethereum, etc.

I see LISK as a competitor to ETHEREUM and I don't see why, after no one wanted to develop anything for XCR with huge bounties, anyone will want to develop things on a network with zero network effects and a much smaller (magnitudes smaller) user base and dev base and code base and everything base to Ethereum. Cost to switch is not marginal under these circumstances.

That's just my honest assessment and gut feeling.

IOTA, on the other hand, has room of its own to explore and grow in. I'm excited about THAT.






1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.




You know i love iota and i have supported this project from the beginning, but i don't agree with this.

Lisk is rising more founds because they use a lot of Marketing and all the ico procedure is easy and user friendly.

Iota crowdslaes was more advanced user oriented and without any marketing supporting the ICO.




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March 07, 2016, 03:40:54 PM
 #2310

One big reason they are raising more funds is large XCR whales have been FORCED into their ICO - either we exchange XCR or we lose it all. So that is already a good chunk of money upfront that has more or less been forced to participate.

I would not have participated otherwise, honestly.

XCR held a contest for a DAPP build with 1 million XCR prize (1% of entire supply)... ZERO submissions.
XCR could not get delegates to secure the network (so much for user friendly)... almost the entire DPoS delegate system were being run by the devs themselves.

LISK is a direct fork with an updated reward system for delegates (hopefully that is incentive enough), they don't really have a team in place as far as I understand it - the two people in charge now could not technically develop the coin on their own. So there will need to be a huge hiring process and the entire roadmap is not particularly clear right now.

The general impression, which concerns me, is that LISK looks to be a project working hard on ads and marketing without a great deal of evolution from XCR - which stalled out extremely quickly.

I see IOTA as potentially important as an additional layer ontop of many other systems and industries... it compliments things about BTC, ethereum, etc.

I see LISK as a competitor to ETHEREUM and I don't see why, after no one wanted to develop anything for XCR with huge bounties, anyone will want to develop things on a network with zero network effects and a much smaller (magnitudes smaller) user base and dev base and code base and everything base to Ethereum. Cost to switch is not marginal under these circumstances.

That's just my honest assessment and gut feeling.

IOTA, on the other hand, has room of its own to explore and grow in. I'm excited about THAT.






1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.




You know i love iota and i have supported this project from the beginning, but i don't agree with this.

Lisk is rising more founds because they use a lot of Marketing and all the ico procedure is easy and user friendly.

Iota crowdslaes was more advanced user oriented and without any marketing supporting the ICO.





So, will Lisk be a pump and dump?
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March 07, 2016, 03:45:16 PM
 #2311

I have no idea if LISK will dump or not. Hell, maybe they HAVE a great roadmap and will invest in further development. I'm just skeptical that you can compete with a giant like Ethereum is turning out to be. That level of organization and interest and dev base, etc. The amount of money being funneled into development, awareness, marketing, research, etc. 1000s of people, etc.

How can two guys and (say) $1.5 million compete with THAT directly!

Because, again, LISK is trying to take Ethereum more or less head on. That seems like a waste of time to me (just my opinion). I hope I'm wrong, I hold LISK now. I would rather it do well. But, the end of XCR and how everything went down makes me skeptical. I hope to be proven wrong.

Regardless, I much rather gamble and trust the team of IOTA and the future of IOTA. The tech looks like it wants to carve out its OWN space and not fight everyone already in place.
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March 07, 2016, 03:46:10 PM
 #2312

So, will Lisk be a pump and dump?

As Crypti long term supporter (1,5 years) I elected not to participiate in Lisk IPO (you can find details in my post history). In best case scenario they will bring to it's investors 2x ROI. Lead developer Boris is not writing code for them.
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March 07, 2016, 03:47:35 PM
 #2313

Could IOTA be of interest for Slock.it?  

Yes. IOTA can work with Slock.it. David (from IOTA) is already in touch with Slock.it team.
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March 07, 2016, 04:01:06 PM
 #2314



1. Lisk is raising more funds partially due to the different timing. When we started the crowdsale Bitcoin was still in a slump and was just starting to go upwards, which make a lot of people unwilling to spend them. Ethereum hadn't 20x'ed yet, it was at like $1.5 with hodlers, so no new crypto-rich people.




You know i love iota and i have supported this project from the beginning, but i don't agree with this.

Lisk is rising more founds because they use a lot of Marketing and all the ico procedure is easy and user friendly.

Iota crowdslaes was more advanced user oriented and without any marketing supporting the ICO.





We actually had more marketing than Lisk had, way more articles written and followers, but yes we did not go all out on forum marketing, because IOTA is a serious project, we did not want to attract as many speculators as possible.
I am not sure I agree that it was more 'advanced', sure it was not a login like their sale is, but all you needed to do was deposit X btc into an address and make sure it was from an address you you had control over.

It's undeniable that bitcoin's boost and subsequent stabilization + ethereum 20xing had a lot to do with it imo.

But honestly it's not even a discussion I care about. I gave Max free advice prior to them launching Lisk and wished him good luck. We may end up competing (I see they are suddenly focusing on IoT which he never mentioned to me), but I don't really see them as competitors, we're doing something entirely different.

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March 07, 2016, 04:13:58 PM
 #2315

Quote from: iotatoken
I gave Max free advice prior to them launching Lisk and wished him good luck. We may end up competing (I see they are suddenly focusing on IoT which he never mentioned to me)

Max lost almost all my respect  Undecided
I guess he just explicitly decided for himself to make as much money on Lisk as possible. For him personally.
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March 07, 2016, 04:36:38 PM
 #2316

On IOTA:

I'm very excited for the start of the network - Microsoft was a huge spirit lifter and the technology and use cases look promising, I'm very happy to be a part of this journey.

On LISK:

Max and Olivier need to prove themselves - I agree with you 100%. Trust has been significantly shaken. If I don't see real progress, I will be leaving as well sometime after the network goes live.


Quote from: iotatoken
I gave Max free advice prior to them launching Lisk and wished him good luck. We may end up competing (I see they are suddenly focusing on IoT which he never mentioned to me)

Max lost almost all my respect  Undecided
I guess he just explicitly decided for himself to make as much money on Lisk as possible. For him personally.

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March 07, 2016, 09:03:57 PM
 #2317

Just chiming in. There will be no 2nd ICO, because IOTA doesn't need more money to succeed. No part of selling software tokens has anything to do with appeasing people that missed the offering.

FOR RENT.
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March 07, 2016, 10:15:29 PM
 #2318

Iota network is running on the real genesis, come to Ryver to help with testing.
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March 07, 2016, 10:26:12 PM
 #2319

Iota network is running on the real genesis, come to Ryver to help with testing.
Good!! Smiley

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oldisoft
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March 07, 2016, 10:40:18 PM
 #2320

Just chiming in. There will be no 2nd ICO, because IOTA doesn't need more money to succeed. No part of selling software tokens has anything to do with appeasing people that missed the offering.
No worries, friend!
2nd ICO is opening when IOTA will be on any EXCHANGES! YES, my friend. It will be soon! Just wait patience )))
It is just beginning of Our Great Jump TO THE MOON, that's why - first EXCHANGES price is Very CHEAP, friend...Say about this to All your friends!
Cheers

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