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WorldCoiner
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December 07, 2015, 11:58:12 AM |
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Excellent, thank you Sir. Tomorrow I will provide a interview in my Blog with David about JINN/IOTA. Will make two version: 1x English / 1xGerman. Will keep you informed here - many thanks David for the detailed answers - much appreciated!  |
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joschua011
Member
 Offline
Activity: 86
Merit: 10
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December 08, 2015, 11:12:57 AM |
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Your german could be better too. Quote: "Wird der Klient für IOTA".. Klient in german and Client in english do not have equal meaning, This word makes no sense whatsoever in this context. This is so wired to read, please just use the normal english words, no need to "verdeutsch" everything. same with "Bärenmarkt" and other things, I like reading your blog but this bugs me. </rant> good to see some publicity for IOTA tough! |
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patmast3r
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December 08, 2015, 11:29:32 AM |
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Your german could be better too. Quote: "Wird der Klient für IOTA".. Klient in german and Client in english do not have equal meaning, This word makes no sense whatsoever in this context. This is so wired to read, please just use the normal english words, no need to "verdeutsch" everything. same with "Bärenmarkt" and other things, I like reading your blog but this bugs me. </rant> good to see some publicity for IOTA tough! I haven't read it yet but Bärenmarkt is totally normal. So is Klient actually but I agree that there would be better words to use in this context. |
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WorldCoiner
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December 08, 2015, 12:29:31 PM |
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Your german could be better too. Quote: "Wird der Klient für IOTA".. Klient in german and Client in english do not have equal meaning, This word makes no sense whatsoever in this context. This is so wired to read, please just use the normal english words, no need to "verdeutsch" everything. same with "Bärenmarkt" and other things, I like reading your blog but this bugs me. </rant> good to see some publicity for IOTA tough! Thanks for your feedback (also at patmast3r). Klient I have used also for Nxt 2 years ago. Yes, I like to use this word instead of the English one and I think it’s not completely wrong to use it in German in this way. If you have a better German word just let me know and I will use this in the future. I’m one of the few Altcoinbloggers that are not coming from the technical side, in fact I was working at the stock market for some time. Bärenmarkt: Even Wikipedia calls it this way -> https://de.wikipedia.org/wiki/Bullen-_und_B%C3%A4renmarkt |
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titan20
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December 08, 2015, 10:34:11 PM |
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Also, do you have any detailed plan in hardware side? It will require more capital investment, right? Any partnership yet?
Thank you
Yes, we're 13 months into the hardware development. As for requiring more capital investment, do you mean to get prototype or production run? If latter, yes certainly. We'll eventually have to take the 'traditional VC route', but so far we're doing quite good. Re: partnerships on the hardware side, can't disclose anything due to NDA and the fact that it's still preliminary stages. What are the consequences if you take the 'traditional VC route' for existing Jinn asset holders? |
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iotatoken
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December 09, 2015, 03:30:22 AM |
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Also, do you have any detailed plan in hardware side? It will require more capital investment, right? Any partnership yet?
Thank you
Yes, we're 13 months into the hardware development. As for requiring more capital investment, do you mean to get prototype or production run? If latter, yes certainly. We'll eventually have to take the 'traditional VC route', but so far we're doing quite good. Re: partnerships on the hardware side, can't disclose anything due to NDA and the fact that it's still preliminary stages. What are the consequences if you take the 'traditional VC route' for existing Jinn asset holders? Traditional VC route simply means getting cash infusion, nothing changes. |
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l8orre
Legendary
Offline
Activity: 1185
Merit: 1018
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December 09, 2015, 06:57:34 AM |
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there is a corporate Nemesis called BURN RATE
Etherium allegedly had a burn rate of 300,000 SFR per month and the Bitcoin foundation burned $150,000 per month.
Looks like all that money did not do them any good. What did they burn it on?
Probably they themselves are still trying to understand how all those neat looking 4-figure amounts could wreck them that badly...
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iotatoken
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December 09, 2015, 07:34:57 AM |
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l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur. And for all those who don't understand how quantum computers work and why IOTA takes them seriously, this is the greatest down to earth summary you can find: https://www.youtube.com/watch?v=JhHMJCUmq28 |
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illodin
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December 09, 2015, 08:04:28 AM |
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This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive.
Or perhaps they bought too much their own coins in the ICO so they didn't actually get as much funds as they appeared to get. |
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iotatoken
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December 09, 2015, 08:25:17 AM |
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This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive.
Or perhaps they bought too much their own coins in the ICO so they didn't actually get as much funds as they appeared to get. It's of course a possibility, but I tend to reject such conspiracies as they rarely stand up to any kind of scruitny. Ethereum was no small project in mid-2014, pulling this off without anyone inside leaking info would be really, really hard, borderline impossible given the history of drama inside Ethereum. It would leak. Personally all my chats with core members of Ethereum leave me very confident that they would never pull off some shady shit like that. However their salaries have been posted public, the amount of team members, how much was lost in the bitcoin crash etc. So to me it's not at all a complex issue, it was just some mismanagement. |
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martismartis
Legendary
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Activity: 1162
Merit: 1005
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December 09, 2015, 11:24:14 AM |
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Tobo
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December 09, 2015, 03:13:51 PM |
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l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur.
This is only a budget issue. It is not about how much you spend. It is about if your income or revenue (which can be the capital injection from the investors) can cover your spend and if the company's debt stricture is in a healthy level. More spending does not automatically mean a bad thing when today's spending will bring future values and revenue for the company. It is important to have a valid business model when building a business. Where will the stream of cash and revenue come from to support the operation of the business? Who are the customers and clients? How do you sell your products? How much should you spend today to yield a goal in 5 years, 10 years, maybe 20 years? How much risk do you want to take? |
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iotatoken
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December 09, 2015, 05:42:35 PM |
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l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur.
This is only a budget issue. It is not about how much you spend. It is about if your income or revenue (which can be the capital injection from the investors) can cover your spend and if the company's debt stricture is in a healthy level. More spending does not automatically mean a bad thing when today's spending will bring future values and revenue for the company. Of course, but this is not a regular business. They run a non-profit organization with no clear future revenue stream beside consulting. Spending that much money upfront without a functioning product and keeping the vast majority of the funds in a volatile currency, was imo a very risky and inexperienced decision. |
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rtrtcrypto
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December 09, 2015, 07:41:21 PM |
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What are your plans for the BTC? Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad. l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur.
This is only a budget issue. It is not about how much you spend. It is about if your income or revenue (which can be the capital injection from the investors) can cover your spend and if the company's debt stricture is in a healthy level. More spending does not automatically mean a bad thing when today's spending will bring future values and revenue for the company. Of course, but this is not a regular business. They run a non-profit organization with no clear future revenue stream beside consulting. Spending that much money upfront without a functioning product and keeping the vast majority of the funds in a volatile currency, was imo a very risky and inexperienced decision. |
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Come-from-Beyond (OP)
Legendary
Offline
Activity: 2142
Merit: 1010
Newbie
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December 09, 2015, 08:00:17 PM |
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What are your plans for the BTC?
Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad.
If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer? |
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rtrtcrypto
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December 09, 2015, 08:10:16 PM |
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ALIVE CAT-DEAD CAT, I hope you sell and the price both raises and falls simultaneously. Actually, I just want you guys to get the needed money to push this thing forward. If the money raised is enough to keep a comfortable burn rate until the project is successful, then SELL IT ALL. What are your plans for the BTC?
Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad.
If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer? |
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