IOTA Crowdsale

[lordoliver]

Question Much, just kidding, wish I got on the train sooner

really?
BTC was worth about 600 at that time and you spent 0.5 BTC = 300$ on 1000 ETH.
ATM 1000 ETH are about 813$. Although its more than double I wouldn't call this a lost train yet...
I wouldn't be sure, that is is not going down even more...
And you have to keep in mind, that the money would have been stuck all the time...

[P-Funk]

Took the risk. DAG-based tokens/currency/whatever you want to call it sounds like a good experiment to try. I wish the IOTA team the best.

[titan20]

I agree with most of your points. But this is again directly tied to how many people got an incentive to make sure that it gets adopted in more places. For IOTA it is not meant to be used by merchants in stores. It's meant for machine-2-machine payment and real-time compensation, so the goal is to get it adopted as the standard IoT payment method. This will require several enthusiastic activists working together to achieve these goals, and in that case it is best to have a good distribution.

Although I think having a good community surrounding the project is very important, I don't think you can rely entirely on the community to promote adoption of the coin.

It looks like you'll end up raising a decent amount of funds, why not put some towards some dedicated marketing. Or even hire someone whose job is primarily sales. As in day-in day-out reaching out to the types of companies that could utilize this software and pitching them on iota.

This has already been described in reasons for why we go for crowdsale. Of course we'll do our part and work hard, which is why I am saying that the IOTA community that we'll establish will exclude all speculators, as it's just a distraction from the actual goals. Speculators have 100% right to form their own community of course, but it has nothing to do with IOTA the project. The roadmap is ready for the next steps on our end.

But you can have millions of dollars ( Ethereum is a fine example ), but without a great community ( which Ethereum has established ), no amount of funds will change anything. This is just the nature of all innovation.

I have a question. Let's say some companies are interested in using IOTA software in their devices. Is it true that
1. the software will be freely available to them
2. they have to buy IOTA tokens to use the software?

And, if above true, the present day buyers in the IOTA crowdsale will be the sole obstacle for the adoption of IOTA?

[iotatoken]

I have a question. Let's say some companies are interested in using IOTA software in their devices. Is it true that
1. the software will be freely available to them
2. they have to buy IOTA tokens to use the software?

And, if above true, the present day buyers in the IOTA crowdsale will be the sole obstacle for the adoption of IOTA?

To use the IOTA software and network you do indeed need IOTA tokens, yes.

I don't follow your assumption that this means present day buyers of IOTA will be an obstacle? Without someone kickstarting the economy the tokens will just be packets of data without any utility. The economy need people to exist, so holders of IOTA aren't obstacles, on the contrary they are what drives the economic engine.

[Tobo]

I have a question. Let's say some companies are interested in using IOTA software in their devices. Is it true that
1. the software will be freely available to them
2. they have to buy IOTA tokens to use the software?
And, if above true, the present day buyers in the IOTA crowdsale will be the sole obstacle for the adoption of IOTA?

This is how it works for every coin in the crypto world. But it is not the obstacle. Instead it facilitates the adoption of the cryptocoins.

Unlike traditional world, crypto teams working on the public ledgers (unlike the companies in the traditional world) are not funded by a small group of investors. They are funded by the sales of the coins which are their sole financial resource. The sales of the coins also serve as the purpose to create the initial p2p networks, testing the software (from the beta to the production to the products), and promoting the software to reach out to the industry users.

The future industry adopters/users will pay for the coins because there is a cost for the development of the software by earlier participants including devs, users, and investors (risk takers). But if they adopt the coins they will adopt/use them to create business and revenue. That means what they pay for the coins is only their cost. What they are pursuing is the profit (=revenue-cost). Therefore, it does not matter how much they pay for the cost. What matter is how much revenue opportunities they can get by adopting the coins(the new technology).  

[jelin1984]

Can used electrum
For sent bitcoin for iota?

[Come-from-Beyond]

Can used electrum
For sent bitcoin for iota?

If you are asking me - I don't know, I've never used Electrum.

[achimsmile]

Can used electrum
For sent bitcoin for iota?

Yes.

[AngelLox]

If i remember correctly you're going to precess the payments with some jinn advanced software? So making multiple deposits shouldn't be an issue right?

[iotatoken]

If i remember correctly you're going to precess the payments with some jinn advanced software? So making multiple deposits shouldn't be an issue right?

Multiple deposits from same address you mean?

[AngelLox]

If i remember correctly you're going to precess the payments with some jinn advanced software? So making multiple deposits shouldn't be an issue right?

Multiple deposits from same address you mean?

Yeah i meant multiple from same address my bad.

[iotatoken]

If i remember correctly you're going to precess the payments with some jinn advanced software? So making multiple deposits shouldn't be an issue right?

Multiple deposits from same address you mean?

Yeah i meant multiple from same address my bad.

Yea, that is no problem.

[dulinxu]

Will it be exchanged on poloniex? If so, when could it be?

[iotatoken]

Will it be exchanged on poloniex? If so, when could it be?

Entirely up to them

[dulinxu]

Will it be exchanged on poloniex? If so, when could it be?

Entirely up to them

so will you contact them or build your own?when can we exactly trade iota tokens?

[Tobo]

Will it be exchanged on poloniex? If so, when could it be?

Entirely up to them

so will you contact them or build your own?when can we exactly trade iota tokens?

Everyone can submit a request to add a coin in Poloniex. Here is the page - https://poloniex.com/coinRequest

The more request the better chance to add. Same for other exchanges.

[iotatoken]

Will it be exchanged on poloniex? If so, when could it be?

Entirely up to them

so will you contact them or build your own?when can we exactly trade iota tokens?

We wont make any advances on any exchange as it would be unfair, instead we'll assist those that request it. It's up to the community to get the demand for it going.

[superresistant]

 
Question : What is IOTA symbol ?

[achimsmile]

Question : What is IOTA symbol ?

The logo? My guess: It represents the tangle, the 6x3x3 dots allude to the ternary nature of jinn.

[iotatoken]

Question : What is IOTA symbol ?

The logo? My guess: It represents the tangle, the 6x3x3 dots allude to the ternary nature of jinn.

True