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Author Topic: IOTA Crowdsale  (Read 182353 times)
Come-from-Beyond
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December 22, 2015, 09:44:03 AM
 #421

But maybe it was good not to send bitcoins. I wish that the project succeeds, because it has interesting ideas, but there is only a website with a whitepaper and a bitcoin address as far as we know. Do you have some source code to prove the whitepaper? In my experience it never works as theoretically designed when you start programming and testing it. How can we be sure that it works as described and that you can and will program it?

Do you know Java 8 well enough to do code audit? If yes, I'll include you into the list of reviewers.
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December 22, 2015, 09:46:35 AM
 #422

I hope they don't get burned if I claim them around Friday or Saturday due to Christmas travel?  Shocked  Tongue

No.
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December 22, 2015, 09:48:59 AM
 #423

Is there a wallet to transfer Iotas ?
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December 22, 2015, 09:49:16 AM
 #424

Will there be a review done by Sergio Demian Lerner (I think I have read it somewhere here)?

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December 22, 2015, 10:01:35 AM
 #425

Will there be a review done by Sergio Demian Lerner (I think I have read it somewhere here)?

Yes, but we can't say exactly when. Sergio is a very busy guy and it is christmas now, but we're in active dialogue with him.

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December 22, 2015, 10:02:31 AM
 #426

Is there a wallet to transfer Iotas ?

No, it will be released later, first need to test API used by front-end part.
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December 22, 2015, 10:20:07 AM
 #427

Ethereum still has not even given us a GUI, and you say that the Internet of Things has a real (non CLI exclusive) wallet already ready?

The GUI was so ugly (check a screenshot upthread) that we decided to find someone to rewrite it completely. To avoid temptation to launch Iota with old version I deleted it.

good decision, thank you!
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December 22, 2015, 10:26:43 AM
 #428

How much was raised overall? JINN+BTC
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December 22, 2015, 11:06:08 AM
 #429

How much was raised overall? JINN+BTC

Jinn = 941'297 = (0,0063 btc jinn) = 5930,1711

BTC = 930.96250857

so the total is : 6861,13360857 BTC  --- 3.035.000 USD



if my calculations are right ... wow

why the collection of  jinn was so high?
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December 22, 2015, 11:09:21 AM
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why the collection of  jinn was so high?

It was the only way for jinn holders to dump them as the jinn markets were illiquid i.e. no one would've bought that amount of jinn on the markets from them.
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December 22, 2015, 11:12:43 AM
 #431

why the collection of  jinn was so high?

It was the only way for jinn holders to dump them as the jinn markets were illiquid i.e. no one would've bought that amount of jinn on the markets from them.

I dont think it's a bad thing, the more we are the better it is!
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December 22, 2015, 11:14:37 AM
 #432

There are not so much JINN in circulation as far as I know! The available supply is 54k and maximum supply that will be is 1.000.000, so your numbers are not correct
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December 22, 2015, 11:25:24 AM
 #433

But maybe it was good not to send bitcoins. I wish that the project succeeds, because it has interesting ideas, but there is only a website with a whitepaper and a bitcoin address as far as we know. Do you have some source code to prove the whitepaper? In my experience it never works as theoretically designed when you start programming and testing it. How can we be sure that it works as described and that you can and will program it?


Skepticism is welcome, but I think our track record is good enough. Source code will be made open in January. Also if you doubt the programming capability of CfB, just look at Nxt to see that it's solid.

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December 22, 2015, 11:26:40 AM
 #434

why the collection of  jinn was so high?

It was the only way for jinn holders to dump them as the jinn markets were illiquid i.e. no one would've bought that amount of jinn on the markets from them.

I dont think it's a bad thing, the more we are the better it is!


I think the main reason quite a few people decided to trade in a portion of their JINNs for IOTA is simply that they are used to cryptographical tokens, not hardware. Hardware projects take a lot longer and has a lot less 'straight forward' potential compared to crypto, which every JINN holder is used to and familiar with.

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December 22, 2015, 11:27:23 AM
 #435


I hope they don't get burned if I claim them around Friday or Saturday due to Christmas travel?  Shocked  Tongue

No worries, you'll have 90 days to collect

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December 22, 2015, 11:31:00 AM
Last edit: December 22, 2015, 06:17:47 PM by Videodrome
 #436

There are not so much JINN in circulation as far as I know! The available supply is 54k and maximum supply that will be is 1.000.000, so your numbers are not correct

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December 22, 2015, 11:40:25 AM
 #437



That address had contained 900'000 before the sale started.
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December 22, 2015, 11:42:34 AM
 #438



That address had contained 900'000 before the sale started.

ok thanks for the explanation, btw the btc crowdfound was impressive!

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December 22, 2015, 11:48:47 AM
 #439

(41297 * 0.0063) + 930.96250857 = 1191.13360857 BTC

1191.13360857 BTC * 442 USD/BTC = 526481.05 USD
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December 22, 2015, 11:58:17 AM
 #440

(41297 * 0.0063) + 930.96250857 = 1191.13360857 BTC

1191.13360857 BTC * 442 USD/BTC = 526481.05 USD


I dont think any company in the world has ever raised so much money with a single post on a forum.

Spotify, YouTube and twitch began with much less money.

It will be fun!
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