IOTA Crowdsale

[iotatoken]

I have a question for the OP. If there are no transaction fees, what will be the incentive for the nodes to remain connected to the network? Sorry if this question has already been placed and/or answered.

The ability to use the network is the incentive. It's a self-sustaining system.

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[klee]

iotatoken I suggest you use an avatar because I was scrolling fast the thread to see your posts and CFBs and it was a bit difficult to catch yours!

Cheers.

[btcxyzzz]

One of the most promising ICO's around. Everything here pretty much screams honesty. I'm in...

[delulo]

In other words the tx fees are paid in iota tokens? If not what SPECIFIC action individuals do is driving demand for IOTA tokens?

Iota will enable nano payment and an efficient free market for IoT devices to trade data. In the IoT data trading marketplace, Iota tokens are the medium to trade data just like the Petrodollars in the international oil marketplace.

I think your next natural question will be "why is it possible?". It is possible because Iota has the potential to create the first IoT marketplace and companies and devices will have to use it. It is why Bitcoin is worthy much more than any other coins, first mover advantage.

Interesting thouhts. THanks for your comments.
What do you mean by "IoT data trading marketplace"? What would be examples for IoT data?
By "petrodollar" do you suggest that IOTA tokens would be the most liquid asset against all other assets like XRP has the most liquidity against all currencies in Ripple?

[iotatoken]

In other words the tx fees are paid in iota tokens? If not what SPECIFIC action individuals do is driving demand for IOTA tokens?

Iota will enable nano payment and an efficient free market for IoT devices to trade data. In the IoT data trading marketplace, Iota tokens are the medium to trade data just like the Petrodollars in the international oil marketplace.

I think your next natural question will be "why is it possible?". It is possible because Iota has the potential to create the first IoT marketplace and companies and devices will have to use it. It is why Bitcoin is worthy much more than any other coins, first mover advantage.

Interesting thouhts. THanks for your comments.
What do you mean by "IoT data trading marketplace"? What would be examples for IoT data?
By "petrodollar" do you suggest that IOTA tokens would be the most liquid asset against all other assets like XRP has the most liquidity against all currencies in Ripple?

medium.com/@DavidSonstebo/iota-97592581f985

[Tobo]

By "petrodollar" do you suggest that IOTA tokens would be the most liquid asset against all other assets like XRP has the most liquidity against all currencies in Ripple?

No, I did not. It is just an analogy. All cryptos still have long way to go to get to a meaningful point. It requires extremely hard work for everyone. You can find more use cases from David's article - https://medium.com/@DavidSonstebo/iota-97592581f985#.73h281bxh

[zoltan2016]

1G8hh3bHMMhZSATwisBVbGFSYBKK3Suib8

Feel free to support the development by sending donations to 125EJ3HYXNZ8swr2UBcvKNBV2voAYACFu9.

https://blockchain.info/hu/tx/646b5b7d51ed3576441446f4d6938746e485017f4ac4795fd6aa8bdb1527c606


second scam bcnext confirmed

[Come-from-Beyond]

Some nonsense

What was his first scam?

[superresistant]

1G8hh3bHMMhZSATwisBVbGFSYBKK3Suib8

Feel free to support the development by sending donations to 125EJ3HYXNZ8swr2UBcvKNBV2voAYACFu9.

https://blockchain.info/hu/tx/646b5b7d51ed3576441446f4d6938746e485017f4ac4795fd6aa8bdb1527c606

That's excellent news. BCNext supports IOTA.

[Tobo]

That's excellent news. BCNext supports IOTA.

+1. He transferred all the donation in his account to Iota though it is very meager - 0.09990073 BTC. BCNext was following Iota.

[superresistant]

though it is very meager - 0.09990073 BTC. BCNext was following Iota.

We just happen to find one of his address moving. As you know, one can have as many addresses as he wants.
I hope he will help the development even if he doesn't shows it (as he keeps his identity secret like Satoshi).

[50cent_rapper]

Did Satoshi Nakamoto invest already?

[Come-from-Beyond]

Did Satoshi Nakamoto invest already?

No, he said he would wait till the 3rd of Dec.

[rdanneskjoldr]

34328 JINN have been sent, 34% of all sold in IPO. Which are worth 216,26 btc

+ 280.76 in btc directly.

Almost 500 btc milestone achieved for IOTA ICO.

[fczuardi]

So, if I were to buy these using blockchain.info... I would have to:

• use the current version (NOT the next one at alpha.blockchain.info)
• create a new wallet
• go to "Receive Money" and transfer some bitcoin to the address in there
• go to "Send Money"
• choose "Transaction Type" "Custom"
• select the same address for the select boxes "From:" and "Change Address:"
• paste IOTA Crowdsale address in the "To:" field
• enter the amount of BTC to buy, it must be less than the total available btc on that address, because I will have to save some (I don't know, 0.01 maybe?)  for step 3 plus miners fees
• click "Review Payment"
• click "Show Advanced"
• veryfy that the same address from "Inputs" is listed on "Outputs" with enough money for step 3 (I am guessing 0.01 btc is more than enough)
• click "Send Transaction"
• go to "Import/Export"
• choose "Paper Wallet" and print (to be able to import the private key somewhere else in case blockchain.info migrates to alpha.blockchain.info or shuts down before step 3)
• choose "Export Unencrypted" then "Bitcoin-QT format" and copy the JSON somewhere just to be extra safe
• pray for blockchain.info to exist and to still have the "Transaction Type" "Custom" in the future
• when the time for step 3 arrive, use "Transaction Type" "Custom" option to send the specific amount required in step 3 from the same address that I used as Input and Change Address on the previous transfer

Is the procedure above correct? Did I missed something?

[Come-from-Beyond]

So, if I were to buy these using blockchain.info... I would have to:

• use the current version (NOT the next one at alpha.blockchain.info)
• create a new wallet
• go to "Receive Money" and transfer some bitcoin to the address in there
• go to "Send Money"
• choose "Transaction Type" "Custom"
• select the same address for the select boxes "From:" and "Change Address:"
• paste IOTA Crowdsale address in the "To:" field
• enter the amount of BTC to buy, it must be less than the total available btc on that address, because I will have to save some (I don't know, 0.01 maybe?)  for step 3 plus miners fees
• click "Review Payment"
• click "Show Advanced"
• veryfy that the same address from "Inputs" is listed on "Outputs" with enough money for step 3 (I am guessing 0.01 btc is more than enough)
• click "Send Transaction"
• go to "Import/Export"
• choose "Paper Wallet" and print (to be able to import the private key somewhere else in case blockchain.info migrates to alpha.blockchain.info or shuts down before step 3)
• choose "Export Unencrypted" then "Bitcoin-QT format" and copy the JSON somewhere just to be extra safe
• pray for blockchain.info to exist and to still have the "Transaction Type" "Custom" in the future
• when the time for step 3 arrive, use "Transaction Type" "Custom" option to send the specific amount required in step 3 from the same address that I used as Input and Change Address on the previous transfer

Is the procedure above correct? Did I missed something?

Looks too complex. I prefer this one:

1. Send some amount to buy iotas
2. Send all money to the account where the coins has gone from
3. Send tiny amount to prove the ownership

[fczuardi]

Looks too complex. I prefer this one:

1. Send some amount to buy iotas
2. Send all money to the account where the coins has gone from
3. Send tiny amount to prove the ownership

I see, makes sense. Thanks!

[rlh]

34328 JINN have been sent, 34% of all sold in IPO. Which are worth 216,26 btc

+ 280.76 in btc directly.

Almost 500 btc milestone achieved for IOTA ICO.

I had considered trading in a few of my JINN to pad my IOTA holdings but after seeing the response there is NO WAY I'm giving up my JINN assets.  This is over 1/3 of all public JINN assets, given back to Triangle.  Triangle has done a good job buying back public shares and, in my opinion, this both proves they are quite hopeful of their project AND they want their shares back!

I think I'm going to empty my Nxt reserves in buying into JINN and holding both this and IOTA.  You can't remove +33% of a market and not expect it to have a net-positive reflection in price (assuming you believe the asset is legit.)

[AltcoinScamfinder]

34328 JINN have been sent, 34% of all sold in IPO. Which are worth 216,26 btc

+ 280.76 in btc directly.

Almost 500 btc milestone achieved for IOTA ICO.

I had considered trading in a few of my JINN to pad my IOTA holdings but after seeing the response there is NO WAY I'm giving up my JINN assets.  This is over 1/3 of all public JINN assets, given back to Triangle.  Triangle has done a good job buying back public shares and, in my opinion, this both proves they are quite hopeful of their project AND they want their shares back!

I think I'm going to empty my Nxt reserves in buying into JINN and holding both this and IOTA.  You can't remove +33% of a market and not expect it to have a net-positive reflection in price (assuming you believe the asset is legit.)

I am not so hopeful. The fact that more than 30% of ALL Jinn are invested in the ICO means that even at current rate close to half of all Jinn owners would rather trade them out for BTC (or BTC equivalent asset) at a price under market price, than hold them.

And what will happen in the illiquid Jinn market if the IOTA team needs to cash out. 200+ BTC worth of Jinn would in the current market absolutely destroy the price (If there is even buyers for anything close to that amount).

I am really wondering why the IOTA team decided to accept such an illiquid asset as a means for payment. I am really hoping they have a good reason.

[iotatoken]

I am really wondering why the IOTA team decided to accept such an illiquid asset as a means for payment. I am really hoping they have a good reason.

We run a company. A legit company in registration in Norway. We have professors, electrical engineers and software devs working on IOTA and IoT processor. These tokens we get back are less profit out of future employee's pockets, so we convert these JINN tokens into employees, we need a couple more engineers ASAP, so it's a perfect fit.