IOTA

[windjc]

Nxt had tops 70 original buyers ( real number probably closer to 30-40 based on activity ) who combined put in less than 2500 dollars. I won’t go into why Nxt evolved the way it did, but please stick to facts. IOTA raised approximately half a million from 350+ people.

Ethereum also did not raise 30 million, they raised (in BTC) around 18 million USD, which they failed to secure so they suffered a loss of 9 million dollars in volatility. So they were left with 9 million, which they burnt through quite rapidly through (my opinion) mismanagement of funds and overstaffing. Again, let’s stick to facts.

While Nxt was the first PoS coin, IOTA is the first blockless, quantum secure and lightweight token. So this argument is also not really a valid metric for hypothetical valuation of software.

Now to the real reason I am replying: please do not pollute the threads with speculation, make a separate thread about it. IOTA is an IoT tech project, not a pump and dump investor scheme. How much is the software going to be worth on launch? No one knows yet. How much will it be worth 1-2-3 months post-launch? NO ONE knows, and if they claim they do they are lying. This vacuous speculation only derails the real purpose of IOTA: real life IoT applications. This is the *only* thing that should be in focus here. If you only want to buy IOTA because CfB coded my vision with Mtchl’s formulas and math prowess and you got no other vision for IOTA yourself, then I don’t even see why you even want to buy it? You clearly have no idea what it even is and only look for a quick buck, sorry but we have explicitly stated repeatedly that we do not care about such leechers.

You are free to speculate all you want, but do not do it in any of the official IOTA threads please.

My apologies.

[dzarmush]

Nxt was the first POS coin and ETH collected 30 million dollars. They most likely spend $25000 on marketing every month, so there's no reason to take them into considetation.

Iota is not going to fifth place anytime soon and even what I'm willing to pay is risky. I know CfB is a damn genious so I'm ready to take that risk. If there wasn't him behind Iota I'd just put money in Lisk IPO which is already a solid tech.

Alright before this gets out of hand:

Nxt had tops 70 original buyers ( real number probably closer to 30-40 based on activity ) who combined put in less than 2500 dollars. I won’t go into why Nxt evolved the way it did, but please stick to facts. IOTA raised approximately half a million from 350+ people.

Ethereum also did not raise 30 million, they raised (in BTC) around 18 million USD, which they failed to secure so they suffered a loss of 9 million dollars in volatility. So they were left with 9 million, which they burnt through quite rapidly through (my opinion) mismanagement of funds and overstaffing. Again, let’s stick to facts.

While Nxt was the first PoS coin, IOTA is the first blockless, quantum secure and lightweight token. So this argument is also not really a valid metric for hypothetical valuation of software.

So that is 0/3 valid arguments from you. Now to the real reason I am replying: please do not pollute the threads with speculation, make a separate thread about it. IOTA is an IoT tech project, not a pump and dump investor scheme. How much is the software going to be worth on launch? No one knows yet. How much will it be worth 1-2-3 months post-launch? NO ONE knows, and if they claim they do they are lying. This vacuous speculation only derails the real purpose of IOTA: real life IoT applications. This is the *only* thing that should be in focus here. If you only want to buy IOTA because CfB coded my vision with Mtchl’s formulas and math prowess and you got no other vision for IOTA yourself, then I don’t even see why you even want to buy it? You clearly have no idea what it even is and only look for a quick buck, sorry but we have explicitly stated repeatedly that we do not care about such leechers.

You are free to speculate all you want, but do not do it in any of the official IOTA threads please.

How come I ended up with 0/3?

1. Nxt was the first POS. That's 1.
2. Eth raised enough to spend millions on marketing and got to the top by market cap because of it. That's 2.
3. There was no 3, actually.

By the way Iota is not the only one (and not the first one) coin without a blockchain. Simcoin is the first one blockless coin.

[iotatoken]

U.S. government to use IoT devices to spy on citizens. No surprise there.

http://libertyblitzkrieg.com/2016/02/10/top-u-s-official-admits-government-will-use-internet-of-things-to-spy-on-the-public/

My question is, can and should Jinn Labs take an official position on this? To what degree is it possible to develop products that account for such government misuses?

Good question. Off the bat I am 100% pro-encryption and privacy. This is something that we've been giving a considerable amount of contemplation. It is completely inevitable that governments will use IoT ( which is soon all technology ) to acquire information about the world and its inhabitants, this is a given. It is also uncontroversial at this point ( after leaks and official announcements ) to state that governments do indeed force backdoors into software and hardware. In our company this is not a binary issue ( remember we're all about trinary logic ), there is no simple right or wrong here and it is hard to predict what to do in an instance where governing officials give you the choice of either complying - at least to some extent - to their demands or be out of business, not because of the potential profit loss, but because of the other benefits of what the tech you are creating bring to the world.

So in short: it's a complex issue. We will fight hard to keep all our software and hardware untampered, and just like other technology companies are increasingly calling out for: we will be open and transparent about it all the way.

I do not want a dystopic future where governments got borderline omnipresence and omnipotence due to the ubiquity of technology, but this is no black/white issue, there are a ton of upsides to traffic monitoring sensors in terms of resolving crime, providing immediate help in emergencies etc. Likewise there is an immeasurable benefit from wearables and implantable health technologies that stream their data directly to healthcare professionals etc. to prevent death and disease and so on and on and on.

This is an issue I personally have given a ton of thought, which is why I am on hobby side work on distributed-decentralized identity together with Dominik (www.composui.com), with the goal of enabling people to keep their data secure and safe, but at the same time useful through something like zero-knowledge-proofs. So you can be sure that this is something I, as the leader of Jinn/IOTA, take very very seriously.

But again I want to stress that this is not a black/white issue with simple answers.

[dzarmush]

Anyway I wasn't going to start discussion, just said what do I think and asked to pm me if anyone is ready to sell at the price I'm ready to pay. Sorry if I said something wrong.

[iotatoken]

Anyway I wasn't going to start discussion, just said what do I think and asked to pm me if anyone is ready to sell at the price I'm ready to pay. Sorry if I said something wrong.

Don't worry about it. We just need to 'strike down' when the majority of posts suddenly revolve around speculation rather than IOTA itself. You are 100% entitled to your own valuation of IOTA and I would advise you to only follow your own instincts and also be sure why you buy IOTA. That is all.

[sparta_cuss]

U.S. government to use IoT devices to spy on citizens. No surprise there.

http://libertyblitzkrieg.com/2016/02/10/top-u-s-official-admits-government-will-use-internet-of-things-to-spy-on-the-public/

My question is, can and should Jinn Labs take an official position on this? To what degree is it possible to develop products that account for such government misuses?

Good question. Off the bat I am 100% pro-encryption and privacy. This is something that we've been giving a considerable amount of contemplation. It is completely inevitable that governments will use IoT ( which is soon all technology ) to acquire information about the world and its inhabitants, this is a given. It is also uncontroversial at this point ( after leaks and official announcements ) to state that governments do indeed force backdoors into software and hardware. In our company this is not a binary issue ( remember we're all about trinary logic ), there is no simple right or wrong here and it is hard to predict what to do in an instance where governing officials give you the choice of either complying - at least to some extent - to their demands or be out of business, not because of the potential profit loss, but because of the other benefits of what the tech you are creating bring to the world.

So in short: it's a complex issue. We will fight hard to keep all our software and hardware untampered, and just like other technology companies are increasingly calling out for: we will be open and transparent about it all the way.

I do not want a dystopic future where governments got borderline omnipresence and omnipotence due to the ubiquity of technology, but this is no black/white issue, there are a ton of upsides to traffic monitoring sensors in terms of resolving crime, providing immediate help in emergencies etc. Likewise there is an immeasurable benefit from wearables and implantable health technologies that stream their data directly to healthcare professionals etc. to prevent death and disease and so on and on and on.

This is an issue I personally have given a ton of thought, which is why I am on hobby side work on distributed-decentralized identity together with Dominik (www.composui.com), with the goal of enabling people to keep their data secure and safe, but at the same time useful through something like zero-knowledge-proofs. So you can be sure that this is something I, as the leader of Jinn/IOTA, take very very seriously.

But again I want to stress that this is not a black/white issue with simple answers.

Even a decade ago, it wouldn't be surprising to hear a scientist say that his or her scientific discoveries were morally, socially, politically, and psychologically neutral. Of course we can quite easily see now that no innovation or genuine discovery happens in a vacuum. But not everyone embraces the responsibility and the complexity of their research and creations. Thank you for such a thoughtful response.

My hope is that the knowledge and technology can grow together with the best interests of the community and all who might be affected by it. More than a hope - it is something to which I would like to contribute, though I do not know how at the moment. As you suggest, there are no shortcuts or simple, singular answers when so much is at stake.

[provenceday]

will keep follow this project.

[provenceday]

when

beta will be out???

The last answer is: days

in this month?

[illodin]

So in short: it's a complex issue. We will fight hard to keep all our software and hardware untampered, and just like other technology companies are increasingly calling out for: we will be open and transparent about it all the way.

They might not give you the option to be open and transparent about it.

[yassin54]

please do not pollute the threads with speculation, make a separate thread about it.

done!!  
if you need speak speculation price plz post here   https://bitcointalk.org/index.php?topic=1360660.0

and if you need invitation Ryver, Just sent me MP your email  

PS: Sorry my english not good, if dont know héhé  

[Come-from-Beyond]

Edit:  Check dzarmush's Trust and/or my signature for more information.

A world with the money can not be perfect.

PS: Didn't see a connection with Simcoin in his trust rating.

PPS: Ah, your feedback is hidden in "Untrusted feedback" section.

[tolikkk]

I can now buy somewhere a few Iota, or need to wait for the launch on the stock exchange? thank you

[yassin54]

I can now buy somewhere a few Iota, or need to wait for the launch on the stock exchange? thank you

you can find more detail here https://bitcointalk.org/index.php?topic=1360660.msg13847135#msg13847135 

[nexern]

hey yassin54. just to mention, thanks for your numerous helpfull hands. it spreads good moods. 

[yassin54]

hey yassin54. just to mention, thanks for your numerous helpfull hands. it spreads good moods.  

Thanks!!  
A pleasure!!  

[dzarmush]

Edit:  Check dzarmush's Trust and/or my signature for more information.

A world with the money can not be perfect.

PS: Didn't see a connection with Simcoin in his trust rating.

PPS: Ah, your feedback is hidden in "Untrusted feedback" section.

What a weirdo, this smaragda guy. I don't even have any connection to Sim except that I invested in it, although he PMd me that I'm fucking psychopath and I should refund his Sim money. And all I did was just ingnoring this strange little man.

Ha-ha-ha ) https://bitcointalk.org/index.php?action=trust;u=126291
Looks like he blames the whole world, not only me.

[acdc]

What a weirdo, this smaragda guy. I don't even have any connection to Sim except that I invested in it, although he PMd me that I'm fucking psychopath and I should refund his Sim money. And all I did was just ingnoring this strange little man.

Ha-ha-ha ) https://bitcointalk.org/index.php?action=trust;u=126291
Looks like he blames the whole world, not only me.

,
Blaming simcoin investors is just insane behavior, on a par with racism, or any other prejudice based on factors other than a persons own character and behavior. Why do investors in a decentralised coin project have any obligation to anyone? smaragda is obviously a nut-case to carry on like this and has zero credibility imo. It's obvious why nxtchg froze his funds ... he's a rude psychopath, and simcoin dev gave him a spank for being a wanker. Why raise this bollocks in the iota thread anyway? Just madness I guess

[Come-from-Beyond]

It's obvious why nxtchg froze his funds

Looks like noone doubts that NxtChg stole Smaragda's money but noone bats an eye...

[acdc]

Why raise this bollocks in the iota thread anyway?

Look closer...   I didn't!   

Yes you did ...

Simcoin is the first one blockless coin.

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!!!!!!!!!  


Edit:  Check dzarmush's Trust and/or my signature for more information.

dzarmush mentioned simcoin and you pointed to your negative trust rating of him on the basis of his INVESTMENT in simcoin, that's insane, and you negatively rated every other passive sim investor in a similar fashion ... that's really weird .. and has nothing to do with iota, other than dzarmush said sim is blockless, which got you creaming your shorts in a nxtchg flashback .. dzarmush  has nothing to do with simcoin, does he?

[dzarmush]

It's obvious why nxtchg froze his funds

Looks like noone doubts that NxtChg stole Smaragda's money but noone bats an eye...

From what I know smaragda never contacted NxtChg directly on this matter. He PMd to Simcoin investors, created a topic on this forum and posted there every day some odd stuff about embezzling psychopath and thieves but never PMd to NxtChg.