canth
Legendary
 Offline
Activity: 1442
Merit: 1001
|
 |
November 25, 2015, 05:18:15 PM |
|
So most wallets now do not re-use addresses or even let you specify the specific address you are sending from. This seems like a very unnecessary complication.
I agree, step 3 will make people lose money. Actually, it will cause a transfer of money from those who do not know how to follow instructions to those that do. Given that unsophisticated shouldn't be investing in ICOs it seems pretty reasonable. |
|
|
|
|
|
|
|
|
|
|
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
|
|
November 25, 2015, 05:21:43 PM |
|
Their premine is how many tokens they buy themselves with their own BTC.
Since the BTC goes to themselves there is no cost, adjusting for whatever % they want ...
An easy math task for you - how much BTC is required to adjust it to 99%? |
|
|
|
|
GingerAle
Legendary
Offline
Activity: 1260
Merit: 1008
|
|
November 25, 2015, 05:24:27 PM |
|
i don't know why you went this route. Why not have a conventional POW / blockchain phase for distribution, then shift to the DAG? In this case, the blockchain would really be used as simply a record of distribution.
|
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
|
|
November 25, 2015, 05:25:48 PM |
|
i don't know why you went this route. Why not have a conventional POW / blockchain phase for distribution, then shift to the DAG? In this case, the blockchain would really be used as simply a record of distribution.
And give all coins to a single botnet master? Hm, not sure it's a good alternative... |
|
|
|
|
|
iotatoken (OP)
|
|
November 25, 2015, 05:33:43 PM |
|
i don't know why you went this route. Why not have a conventional POW / blockchain phase for distribution, then shift to the DAG? In this case, the blockchain would really be used as simply a record of distribution.
This is described in 'Purpose of Crowdsale'. |
|
|
|
|
St.Stephan
|
|
November 25, 2015, 05:37:20 PM |
|
Are there specific plans for an exchange or trading environment after the crowdsale closes? Or is the talk about long term holders only in the OP to be taken as a statement of principle?
|
|
|
|
|
|
iotatoken (OP)
|
|
November 25, 2015, 05:38:57 PM |
|
Are there specific plans for an exchange or trading environment after the crowdsale closes? Or is the talk about long term holders only in the OP to be taken as a statement of principle?
There's exchanges that have reached out to us and we will assist them to add IOTA, but we take absolutely no responsibility for their actions pertaining to this. |
|
|
|
|
St.Stephan
|
|
November 25, 2015, 05:44:27 PM |
|
I don't get it. You guys are high profile legend types. Even the crappiest altcoins cut a deal with CCEX or TREX to make sure there is a trading environment once the market goes live.
This is beneath you guys?
|
|
|
|
|
|
iotatoken (OP)
|
|
November 25, 2015, 05:57:15 PM |
|
I don't get it. You guys are high profile legend types. Even the crappiest altcoins cut a deal with CCEX or TREX to make sure there is a trading environment once the market goes live.
This is beneath you guys?
It's not about it being beneath us at all, but there are big legal hurdles and bureaucracy that we prefer to stear clear of and not waste time on. Realistically I deem it highly unlikely that exchanges won't want to list and start trading of one of the hottest crowdsales this year, but we can't GUARANTEE anything. |
|
|
|
|
willowfoot
|
|
November 25, 2015, 06:00:57 PM |
|
Their premine is how many tokens they buy themselves with their own BTC.
Since the BTC goes to themselves there is no cost, adjusting for whatever % they want ...
An easy math task for you - how much BTC is required to adjust it to 99%? I see you don't deny the premine is how many tokens IOTA will buy for itself. Adjusting for a certain % is irrelevant ... |
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
|
|
November 25, 2015, 06:04:19 PM |
|
I see you don't deny the premine is how many tokens IOTA will buy for itself.
Adjusting for a certain % is irrelevant ...
I don't deny. I can even say that I will buy some iotas, it would be silly not to buy the right to use Iota knowing what I know. |
|
|
|
|
|
iotatoken (OP)
|
|
November 25, 2015, 06:04:57 PM |
|
Their premine is how many tokens they buy themselves with their own BTC.
Since the BTC goes to themselves there is no cost, adjusting for whatever % they want ...
An easy math task for you - how much BTC is required to adjust it to 99%? I see you don't deny the premine is how many tokens IOTA will buy for itself. Adjusting for a certain % is irrelevant ... There is no premine at all. Individual team members must use their own personal funds to purchase their own personal iotas. All funds raised here goes to development of IOTA ecosystem which includes hardware. Is there a theoretical possibility that we could lend bitcoin from someone to 'cheat' the system? Yes, this is true for all crowdsales whether it is Ethereum or IOTA. We promise that this is not something that we will do and that's all that we can do, it's entirely up to you if you want to buy iotas or not. |
|
|
|
Seccour
Legendary
Offline
Activity: 1619
Merit: 1004
Bitcoiner, Crypto-anarchist and Cypherpunk.
|
|
November 25, 2015, 07:16:32 PM |
|
I don't get it. You guys are high profile legend types. Even the crappiest altcoins cut a deal with CCEX or TREX to make sure there is a trading environment once the market goes live.
This is beneath you guys?
A lot of new account here. And only shitcoins need to make deal to be sure they will have an exchange. If exchange operator see the potential of IOTA they will add it, or if they see that a lot of people want to trade it. And if no exchange want it i have 1k NXT reserved to make a NXT asset that will be peged to IOTA at 1:1 so we will be able to use NXT AE. |
|
|
|
|
rlh
|
|
November 25, 2015, 07:26:41 PM |
|
Personally, I prefer that ICOs have their own, single payment BTC address, instead of an exchange. You can easily track the funds going into a BTC address that belongs to the creators. If the funds go into an exchange, you have no idea if they will take the funds and re-invest back into the coin, pumping the perceived value of the coin.
Unrelated, I'm moving my funds to coinbase, before transferring to the ICO address. Has anyone worked with coinbase in this manner? I know I've had the same send/receive address from them for years. Anyone had trouble with using coinbase for ICOs like this?
Personally, I'd prefer to not use Blockchain.Info for this, but I will if I have to. :/
|
A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00. Otherwise I'll just have to live with my 5 BTC and be happy. :/" ...sigh. If only I knew.
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
|
|
November 25, 2015, 07:37:52 PM |
|
Personally, I prefer that ICOs have their own, single payment BTC address, instead of an exchange. You can easily track the funds going into a BTC address that belongs to the creators. If the funds go into an exchange, you have no idea if they will take the funds and re-invest back into the coin, pumping the perceived value of the coin.
Unrelated, I'm moving my funds to coinbase, before transferring to the ICO address. Has anyone worked with coinbase in this manner? I know I've had the same send/receive address from them for years. Anyone had trouble with using coinbase for ICOs like this?
Personally, I'd prefer to not use Blockchain.Info for this, but I will if I have to. :/
Don't use Coinbase, with very high chance your experience will be negative. |
|
|
|
|
|
rtrtcrypto
|
|
November 25, 2015, 07:38:24 PM |
|
Coinbase will (usually) generate a new address for every TX. So, be careful with this. Personally, I prefer that ICOs have their own, single payment BTC address, instead of an exchange. You can easily track the funds going into a BTC address that belongs to the creators. If the funds go into an exchange, you have no idea if they will take the funds and re-invest back into the coin, pumping the perceived value of the coin.
Unrelated, I'm moving my funds to coinbase, before transferring to the ICO address. Has anyone worked with coinbase in this manner? I know I've had the same send/receive address from them for years. Anyone had trouble with using coinbase for ICOs like this?
Personally, I'd prefer to not use Blockchain.Info for this, but I will if I have to. :/
|
|
|
|
|
|
rlh
|
|
November 25, 2015, 07:44:49 PM |
|
Personally, I prefer that ICOs have their own, single payment BTC address, instead of an exchange. You can easily track the funds going into a BTC address that belongs to the creators. If the funds go into an exchange, you have no idea if they will take the funds and re-invest back into the coin, pumping the perceived value of the coin.
Unrelated, I'm moving my funds to coinbase, before transferring to the ICO address. Has anyone worked with coinbase in this manner? I know I've had the same send/receive address from them for years. Anyone had trouble with using coinbase for ICOs like this?
Personally, I'd prefer to not use Blockchain.Info for this, but I will if I have to. :/
Don't use Coinbase, with very high chance your experience will be negative. Dang! Ok, when the transaction clears, I'll move them to a blockchain.info account. Or, hell, might as well sync the blockchain tonight at home. I got the GB to burn at the moment. |
A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00. Otherwise I'll just have to live with my 5 BTC and be happy. :/" ...sigh. If only I knew.
|
|
|
superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
|
|
November 25, 2015, 07:53:59 PM |
|
Please everyone, do NOT invest more than you can afford to loose.
There will be big whales investing and taking huge percentage of the tokens.
I can already see the noobs crying about not making a profit.
Only invest if you really understand what it is about.
If not, just keep you BTC and move on. You've been warned.
|
|
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
|
|
November 25, 2015, 08:00:57 PM |
|
There will be big whales investing and taking huge percentage of the tokens.
Who are they, BTW? |
|
|
|
|
superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
|
|
November 25, 2015, 08:05:02 PM |
|
There will be big whales investing and taking huge percentage of the tokens.
Who are they, BTW? Could be me, could be you. Who knows ? |
|
|
|
|
|
