IOTA

[BlackFor3st]

33.3% of Foundation funding goal is reached. 4.7% is the weighted average donation percentage.

I don't have my tokens now but i will donate minimum 5%

[ImI]

I understand your criticism, but a 5% premine that hasnt been included in the ICO would result in big issues legally as community wise. Not everybody will agree with that and like you some won't like the sheer fact that they havent been informed from the start about something like that and are now being forced to do so.

Either way something is being included that wasn't mentioned in the ico:
1- 5% premine
2- 5% donation

1- ensures original IOTA investors are part of the future

2- does NOT


which is better for you?

both are new developments that weren't disclosed during the ICO

1 and 2 are not the same. 1 is a breach of contract, where else 2 is technically not. You can obv argue that it comes close to that but its not same.

[Tobo]

I think everybody will donate and we will meet the foundation requirement.
Will there be an idiot proof, 1 click download, application with a donation button out soon (something like qt) ?
This will speed up the donation process very much I think.

Use 0.9.19 - http://forum.iotatoken.com/t/iota-testing-of-0-9-19-has-commenced/274

It is already very simple with a UI. You just need to double click two files and you are good to go.

Tutorial - http://forum.iotatoken.com/t/tuto4noobo-how-run-iota-0-9-19-in-windows/322

[Videodrome]

I think everybody will donate and we will meet the foundation requirement.
Will there be an idiot proof, 1 click download, application with a donation button out soon (something like qt) ?
This will speed up the donation process very much I think.

Use 0.9.19 - http://forum.iotatoken.com/t/iota-testing-of-0-9-19-has-commenced/274

It is already very simple with a UI. You just need to double click two files and you are good to go.

Tutorial - http://forum.iotatoken.com/t/tuto4noobo-how-run-iota-0-9-19-in-windows/322

Does the 1.0 coming out today as promised?

Any news about the new web site or the graphic UI?

i will donate 5% (against my willing)because i don't want a fork but i don't feel safe with a beta client, can we have an ETA for GUI?

[GetVisaCoin]

I understand your criticism, but a 5% premine that hasnt been included in the ICO would result in big issues legally as community wise. Not everybody will agree with that and like you some won't like the sheer fact that they havent been informed from the start about something like that and are now being forced to do so.

Either way something is being included that wasn't mentioned in the ico:
1- 5% premine
2- 5% donation

1- ensures original IOTA investors are part of the future

2- does NOT


which is better for you?

both are new developments that weren't disclosed during the ICO

1 and 2 are not the same. 1 is a breach of contract, where else 2 is technically not. You can obv argue that it comes close to that but its not same.

Both would be a breach of trust. My goal is to ensure my investment in IOTA continues, so I can accept a premine as it will work, and i see the need for the foundation to be funded.

How about this for a plan - an extra 5% is held in an account on top of any donations. If someone wants to get back their share of the extra 5% fund they can ask for it back by posting in this thread. An opt out mechanism means it wouldn't be a premine, and it's still a 'donation', and this system would have a better chance of raising the funds needed for the foundation. It's ethically not very pretty, but CfB and David's recent decisions show they don't seem to be too worried about that anyway, and it would probably work. An opt out system means everyone not following the thread pays the 5%, and the embarrassment of asking for refunds will prevent many from doing that, so more will get raised than with an opt in donation system. I think the goal is to be 100% sure the 5% target is reached, otherwise even the good guys who donate risk having their whole investment in IOTA become worthless.

If someone is interested in my 1% offer let me know. I want to get out of IOTA either way under the current management.

[moroneroo]

..., asshole....

there is no hope for iota... not with this community

[achimsmile]

Does the 1.0 coming out today as promised?

Probably a bit later than today, and it was cfbs personal schedule to release it today, no promise.

[achimsmile]

..., asshole....

there is no hope for iota... not with this community

It's regular bitcointalk jargon. That's why I prefer chat.iotatoken.com

[achimsmile]

BUT, I am NOT happy to have IOTA forked if the target isn't reached, even though I DID donate my 5%.

It's opensource. You can't rule out that some guys with better funding will come and fork iota and develop it faster / market it better.

That's all they're saying. Not that they will fork it right away themselves if you don't give them money.

[titan20]

Hi all,
I want to donate 5% to the foundation (from my original supply, although i have sold a part).

But where can i find information about the foundation? I have questions like these i hope will get answered:

1. What will be its goals?
(I understand that the foundation will stimulate adaption of IOTA, but is development of the software also considered to be the goal of the foundation?)

2. Who will be its members?

3. Who will be in control of the funds?   
(Although i think it would be good if cfb and iotatoken be part of the foundation, i don't think they should be in contol of the funds, to prevent conflict of interest. This in case the softwarecompany where david is working also becomes a client of the foundation).

4. What will be the decision making process of the foundation?
(i think the community should be able to choose members for the foundation that want to continue with less then 5% funding, before a refund is made. With a potential market capitalisation of say USD 100 million, i think USD 4 million will also be a good start).

cheers.

[moroneroo]

Hi all,
I want to donate 5% to the foundation (from my original supply, although i have sold a part).

But where can i find information about the foundation? I have questions like these i hope will get answered:

1. What will be its goals?
(I understand that the foundation will stimulate adaption of IOTA, but is development of the software also considered to be the goal of the foundation?)

2. Who will be its members?

3. Who will be in control of the funds?   
(Although i think it would be good if cfb and iotatoken be part of the foundation, i don't think they should be in contol of the funds, to prevent conflict of interest. This in case the softwarecompany where david is working also becomes a client of the foundation).

4. What will be the decision making process of the foundation?
(i think the community should be able to choose members for the foundation that want to continue with less then 5% funding, before a refund is made. With a potential market capitalisation of say USD 100 million, i think USD 4 million will also be a good start).

cheers.

+1
good questions. the most important now.

[Tobo]

Hi all,
I want to donate 5% to the foundation (from my original supply, although i have sold a part).
But where can i find information about the foundation? I have questions like these i hope will get answered:
1. What will be its goals?
(I understand that the foundation will stimulate adaption of IOTA, but is development of the software also considered to be the goal of the foundation?)
2. Who will be its members?
3. Who will be in control of the funds?   
(Although i think it would be good if cfb and iotatoken be part of the foundation, i don't think they should be in contol of the funds, to prevent conflict of interest. This in case the softwarecompany where david is working also becomes a client of the foundation).
4. What will be the decision making process of the foundation?
(i think the community should be able to choose members for the foundation that want to continue with less then 5% funding, before a refund is made. With a potential market capitalisation of say USD 100 million, i think USD 4 million will also be a good start).
cheers.

http://forum.iotatoken.com/t/iota-foundation-announcement/174

[GetVisaCoin]

BUT, I am NOT happy to have IOTA forked if the target isn't reached, even though I DID donate my 5%.

It's opensource. You can't rule out that some guys with better funding will come and fork iota and develop it faster / market it better.

That's all they're saying. Not that they will fork it right away themselves if you don't give them money.

Read what David said himself.

If IOTA foundation is not established and the community goes in another direction from what we need then we'll most likely just team up with the companies we have lined up on a consortium. We'd prefer to not have to take this approach though, as we got so much momentum already in the IOTA community, but at the end of the day we created IOTA for IoT tech stack that we need, so that's our goal. IOTA is not some random political movement or speculator game, it's a technology.

[iotatoken]

BUT, I am NOT happy to have IOTA forked if the target isn't reached, even though I DID donate my 5%.

It's opensource. You can't rule out that some guys with better funding will come and fork iota and develop it faster / market it better.

That's all they're saying. Not that they will fork it right away themselves if you don't give them money.

Read what David said himself.

If IOTA foundation is not established and the community goes in another direction from what we need then we'll most likely just team up with the companies we have lined up on a consortium. We'd prefer to not have to take this approach though, as we got so much momentum already in the IOTA community, but at the end of the day we created IOTA for IoT tech stack that we need, so that's our goal. IOTA is not some random political movement or speculator game, it's a technology.

Yes, if we deem that the community is going in opposite direction of us, then of course we will have to go with the direction that makes our vision a reailty. We didn't make IOTA to work as slaves to make you rich, sorry. I consider this discussion dead now as it has been rehashed 100 times and I've written a long post a few pages back that explain it explicitly, any further post on this topic will be deleted from now on.

[hoertest]

few questions, how much time will the foundation get to be funded after launch? (by launch i mean the moment cfb gives his go for the escrow deals). whats the current estimate for that moment to arrive?

[Come-from-Beyond]

Does the 1.0 coming out today as promised?

Extra time is required to add extra protection against https://arxiv.org/abs/1605.07524.

[iotatoken]

few questions, how much time will the foundation get to be funded after launch? (by launch i mean the moment cfb gives his go for the escrow deals). whats the current estimate for that moment to arrive?

Not entirely sure how long it'll take for CfB to go through escrow deals. But it will be/not be founded by official launch. Official launch date will be announced this week.

[altcoinUK]

Why do you delete my constructive, civil and intelligent posts? You break my heart with this hostile attitude.

[Videodrome]

Does the 1.0 coming out today as promised?

Extra time is required to add extra protection against https://arxiv.org/abs/1605.07524.

Nice! thanks for the explanation.

[Come-from-Beyond]

Why do you delete my constructive, civil and intelligent posts? You break my heart with this hostile attitude.

Oh, sorry. I used to delete your posts without reading automatically. Now I see that your posts indeed can be constructive, civil and intelligent. Sorry once again.