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Author Topic: IOTA  (Read 1103604 times)
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WorldCoiner
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December 07, 2015, 09:46:04 AM
 #961

In regards to the software, what stage of development is it in? Is it ready for a basic no-frills release soon? I took this quote from the sale thread to mean that:
Quote
Step 2: After the sale ends you can collect your iotas from collect.iotatoken.com (goes live on 22nd of December)
but please correct me if I'm wrong.

I'm optimizing already written code and run simulations testing changes in the consensus algorithm that were introduced after a flaw was found in the old one. This is related only to the core part, client part (HTML5) is not ready yet, I'm still thinking what layout to choose.

So Tuesday the 22nd as delivery date is in jeopardy? Thanks for clarification.


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December 07, 2015, 11:39:42 AM
 #962

So Tuesday the 22nd as delivery date is in jeopardy? Thanks for clarification.

For now the plan is to have beta version of the client ready by that date.
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December 07, 2015, 11:58:12 AM
 #963

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!  Smiley

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December 08, 2015, 06:52:28 AM
 #964

For my German Altcoinblog I have interviewed IOTA-CEO David Sønstebø aka iotatoken. I think this interview could be also very interesting for the English-Speaking Community so I created two versions:
English: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-with-ceo-david-sonstebo-english-version/
German: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-mit-ceo-david-sonstebo/

Yes, my English could be better, I know  Wink

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December 08, 2015, 11:12:57 AM
 #965

For my German Altcoinblog I have interviewed IOTA-CEO David Sønstebø aka iotatoken. I think this interview could be also very interesting for the English-Speaking Community so I created two versions:
English: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-with-ceo-david-sonstebo-english-version/
German: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-mit-ceo-david-sonstebo/

Yes, my English could be better, I know  Wink

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!
patmast3r
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December 08, 2015, 11:29:32 AM
 #966

For my German Altcoinblog I have interviewed IOTA-CEO David Sønstebø aka iotatoken. I think this interview could be also very interesting for the English-Speaking Community so I created two versions:
English: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-with-ceo-david-sonstebo-english-version/
German: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-mit-ceo-david-sonstebo/

Yes, my English could be better, I know  Wink

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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December 08, 2015, 12:29:31 PM
 #967

For my German Altcoinblog I have interviewed IOTA-CEO David Sønstebø aka iotatoken. I think this interview could be also very interesting for the English-Speaking Community so I created two versions:
English: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-with-ceo-david-sonstebo-english-version/
German: https://altcoinspekulant.wordpress.com/2015/12/08/iota-interview-mit-ceo-david-sonstebo/

Yes, my English could be better, I know  Wink

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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December 08, 2015, 06:24:03 PM
 #968

same with "Bärenmarkt" and other things, I like reading your blog but this bugs me.

What? or "Wie bitte?"

Bärenmarkt: http://www.duden.de/rechtschreibung/Baerenmarkt  / https://de.wikipedia.org/wiki/Bullen-_und_B%C3%A4renmarkt
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December 08, 2015, 10:34:11 PM
 #969


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?
iotatoken
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December 09, 2015, 03:30:22 AM
 #970


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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December 09, 2015, 06:57:34 AM
 #971


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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December 09, 2015, 07:34:57 AM
 #972

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

illodin
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December 09, 2015, 08:04:28 AM
 #973

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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December 09, 2015, 08:25:17 AM
 #974

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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December 09, 2015, 11:24:14 AM
 #975

Is this 9 in the seed because of https://www.facebook.com/TeslaConcursos/videos/758647274225419/ ?
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December 09, 2015, 01:33:11 PM
 #976

from the google / d-wave group:
http://arxiv.org/abs/1512.02206

NxT: 13574045486980287597
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December 09, 2015, 03:13:51 PM
 #977

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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December 09, 2015, 03:58:07 PM
 #978

For those that havent seen this one, Andreas Antonopoulos on IOT and Bitcoin's role in it. IOT talks starts from 9:03 -

https://www.youtube.com/watch?v=9PFDCQz5Xi0
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December 09, 2015, 05:42:35 PM
 #979

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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December 09, 2015, 07:41:21 PM
 #980

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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