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Author Topic: IOTA  (Read 1323195 times)
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Come-from-Beyond
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October 26, 2015, 05:50:09 PM
 #241

Thus I will open private discussions with the Iota team (apparently mthcl and Come-from-Beyond only?) now to see if they are interested in collaborating.

Contact iotatoken instead of me, please. I'm just a programmer who happened to know some stuff because of necessity to implement it in the code.
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October 26, 2015, 05:56:29 PM
 #242

Thus I will open private discussions with the Iota team (apparently mthcl and Come-from-Beyond only?) now to see if they are interested in collaborating.

Contact iotatoken instead of me, please. I'm just a programmer who happened to know some stuff because of necessity to implement it in the code.
TPTB talking with David? I wanna see this...
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October 26, 2015, 05:59:53 PM
 #243

TPTB talking with David? I wanna see this...

I'll ask David to invite you into the convo.
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October 26, 2015, 06:34:51 PM
 #244

TPTB talking with David? I wanna see this...

I'll ask David to invite you into the convo.
Wish every success to this project btw (it does not need my wishes of course, it will be a sure success).
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October 26, 2015, 06:40:25 PM
 #245

Wish every success to this project btw (it does not need my wishes of course, it will be a sure success).

Thank you, I hope we'll share it with you.
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October 26, 2015, 07:14:49 PM
 #246

Thus I will open private discussions with the Iota team (apparently mthcl and Come-from-Beyond only?) now to see if they are interested in collaborating.

Contact iotatoken instead of me, please. I'm just a programmer who happened to know some stuff because of necessity to implement it in the code.
TPTB talking with David? I wanna see this...

Okay let the idea for collaboration die on the vine. Neither of us need more drama to slow us down.

I was hoping you (Come-from-Beyond) were the only person I had to coordinate with. My guess is "David" is more of the marketing guy. Too many different personalities to harmonize with while we are trying to rush development, thus sounds like a potential recipe for disaster.

Best.

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October 26, 2015, 07:34:32 PM
 #247

Thus I will open private discussions with the Iota team (apparently mthcl and Come-from-Beyond only?) now to see if they are interested in collaborating.

Contact iotatoken instead of me, please. I'm just a programmer who happened to know some stuff because of necessity to implement it in the code.
TPTB talking with David? I wanna see this...

Okay let the idea for collaboration die on the vine. Neither of us need more drama to slow us down.

I was hoping you (Come-from-Beyond) were the only person I had to coordinate with. My guess is "David" is more of the marketing guy. Too many different personalities to harmonize with while we are trying to rush development, thus sounds like a potential recipe for disaster.

Best.

Indeed, my role is management and marketing, not the code. Re: your proposal of collaboration, we have finalized the design of iota at this point and are in full development. This means that unless there is found to be some flaw in our design or your solutions would be truly revolutionary, (which would require that you have a whitepaper available within a few days) we will respectfully decline.

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October 26, 2015, 08:36:50 PM
 #248

Agreed. Best to you. Hopefully my feedback helped in some small way.

-Greed-
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October 26, 2015, 08:57:55 PM
 #249

I know this might have been asked but...

1) Devs/owners are you going to have a token sale (pre-sale, ICO or something)?
2) Did anyone verify the whitepaper? Can the system work as it's supposed to? (I'm not qualified enough for this...)

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October 26, 2015, 09:02:01 PM
 #250

I know this might have been asked but...

1) Devs/owners are you going to have a token sale (pre-sale, ICO or something)?
2) Did anyone verify the whitepaper? Can the system work as it's supposed to? (I'm not qualified enough for this...)


1) Yes

2) We've had some reviews and have sent it out to numerous prominent experts in the space awaiting further review. So far no one has found any flaws, which is why we felt ready to go public and let everyone review it openly.

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October 26, 2015, 09:25:28 PM
 #251

Hi, a couple of quick questions since the ICO seems to be the topic now:

How many % of the coins will the team keep?

Are you planning to prove somehow you're not "buying your own coins" from the ICO?

Is the ICO the only distribution method?
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October 26, 2015, 09:26:52 PM
 #252

Are you planning to prove somehow you're not "buying your own coins" from the ICO?

Not possible regardless of what they tell you.  This is cryptocurrency, there is 0 validation of who is buying anything.  You know better than that.

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October 26, 2015, 09:31:19 PM
 #253

Are you planning to prove somehow you're not "buying your own coins" from the ICO?

Not possible regardless of what they tell you.  This is cryptocurrency, there is 0 validation of who is buying anything.  You know better than that.

I don't know. A lot of things have been considered impossible before, like scalable trustless electronic cash. Tongue
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October 26, 2015, 09:33:28 PM
 #254

Hi, a couple of quick questions since the ICO seems to be the topic now:

How many % of the coins will the team keep?

Are you planning to prove somehow you're not "buying your own coins" from the ICO?

Is the ICO the only distribution method?

0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.

Yes

ICO is indeed the only distributon method for this project for a couple of reasons:

1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function

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October 26, 2015, 09:35:28 PM
 #255

ICO is indeed the only distributon method for this project for a couple of reasons:

1) It's the only way we'll get compensated for our work and development, since we have zero premine
2) It's the only way to ensure that the tokens are actually valued, which is needed to kickstart the ecosystem that will form around them and be part of their function

You forgot about technical impossibility to issue coins over time.
lajz99
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October 26, 2015, 09:36:03 PM
 #256


0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.


ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT


gaba
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October 26, 2015, 09:43:45 PM
 #257



ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT



They will still have 90% of JINN.

LWWE6dtTUXuaq36KTCne5XqMQHfhfwpadC
iotatoken
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October 26, 2015, 09:47:17 PM
 #258


0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.


ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT



I have no problem understanding this concern, given the space that we're in (crypto is the wild wild wild west after all), but your assumption here is blatantly wrong. We chose 0% premine because that is what is the absolute most fair to every party involved. We are basing our entire start-up around IoT, which we've been working on in stealth for a year, as explained in OP this is what prompted us to develop IOTA. It is a necessary ingredient for the vision of IoT that our start-up is focused on. On top of this all of us will invest our personal funds into IOTA, so no we have a ton of incentive to make IOTA a success.

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October 26, 2015, 09:51:33 PM
 #259


0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.


ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT



I have no problem understanding this concern, given the space that we're in (crypto is the wild wild wild west after all), but your assumption here is blatantly wrong. We chose 0% premine because that is what is the absolute most fair to every party involved. We are basing our entire start-up around IoT, which we've been working on in stealth for a year, as explained in OP this is what prompted us to develop IOTA. It is a necessary ingredient for the vision of IoT that our start-up is focused on. On top of this all of us will invest our personal funds into IOTA, so no we have a ton of incentive to make IOTA a success.

how is a 0% premine any more fair than you raising BTC and repaying yourself for the coins you "purchased"?  
either way you are receiving BTC and you are using BTC to buy said coins.  they're free coins for you and less BTC for development.

if you were investing personal funds, why not put that into the development and just take a premine?

iotatoken
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October 26, 2015, 09:56:57 PM
 #260


0% of the coins go to the team. The team will be compensated via funds raised in the ICO, no pre-mine. We'll have to buy our tokens just like everyone else.


ie. we will have no reason to continue working on the coin as we will not be vested in it and have already received another currency we could cash out into FIAT



I have no problem understanding this concern, given the space that we're in (crypto is the wild wild wild west after all), but your assumption here is blatantly wrong. We chose 0% premine because that is what is the absolute most fair to every party involved. We are basing our entire start-up around IoT, which we've been working on in stealth for a year, as explained in OP this is what prompted us to develop IOTA. It is a necessary ingredient for the vision of IoT that our start-up is focused on. On top of this all of us will invest our personal funds into IOTA, so no we have a ton of incentive to make IOTA a success.

how is a 0% premine any more fair than you raising BTC and repaying yourself for the coins you "purchased"?  
either way you are receiving BTC and you are using BTC to buy said coins.  they're free coins for you and less BTC for development.

if you were investing personal funds, why not put that into the development and just take a premine?


It is more fair because it means it's entirely up for grabs to anyone. There is no coins arbitrarily set aside for the developers. If the community insist, please feel free to donate free iotas to us after the ico Wink

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