IOTA - page 468. | Bitcointalksearch.org

msin

legendary

Activity: 1470

Merit: 1004

Quote from: iotatoken on August 24, 2016, 08:16:11 PM

It's not a good choice. The community has to take its own responsibility. Even the largest whales of Ethereum, or even the founder (Vitalik) himself only had 1% of total ethers, now he has more like 0.5% iirc. People need to just ask themselves: "Given the amount of IOTA I hold, am I contributing even remotely as much as Vitalik did to Ethereum?" if the answer is "No", well then you're doing something wrong.
I've reiterated this so many times since day one back in October that it just feels tiring even saying it at this point... If we reach 45 Ti, then perhaps the Foundation can indeed put in 5 Ti, but come on people, stop playing the victim of your environment, you got the choice of your and IOTA's future in your own hands, do something with it!

Sure, makes sense, hopefully whales will step up, I've donated to both.

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: whatisbitcoin2016 on August 24, 2016, 08:36:02 PM

Quote from: iotatoken on August 24, 2016, 04:47:54 PM

Manual Claims have not yet been counted, but so far only make up a few more %, will be processed this week.

We will adjust the goal to 50 Ti. With this minimum I am confident that we can squeeze the main and necessary goals out of the negotiations, but time is ticking very fast. For all those who have not yet donated I got one question, are you really willing to risk 2-5-10x increase by refusing to part with 0.02 or 0.010x of your stake? Honestly? I would love to chat with such an individual just to get insight into what sort of fascinating pattern of thinking gave rise to that decision.

In all seriousness. 50 Ti is nothing, we as a community should be able to achieve this. This event is something we'd have 4 premium speaking spots spread out over 4 days at if this Big Deal had gone through already. There are several more of these events and equally important things on line, are we as a community going to let it go to waste over ~2% of the collective stake?

If that was imperative you should hve put it at higher priority than foundation funding OR you should have put foundation funds toward making it happen and recoup them through further donation.

No.

Alright let's put this into the realm of the real world where I prefer to operate. Ethereum had 35x more initial funding than IOTA and also had a 17% premine for their Foundation and founders. From a pure ROI PoV (since this is clearly what a lot of speculators make decisions by) we have already surpassed Ethereum in half the time it took them to achieve what they have done. So having a Foundation with the VOLUNTARY equivalent of 1/3rd of the Ethereum foundation clearly shows that OF COURSE the community also have to commit funds to projects and deals like this. It's a nobrainer.

whatisbitcoin2016

newbie

Activity: 30

Merit: 0

Quote from: iotatoken on August 24, 2016, 04:47:54 PM

Manual Claims have not yet been counted, but so far only make up a few more %, will be processed this week.

We will adjust the goal to 50 Ti. With this minimum I am confident that we can squeeze the main and necessary goals out of the negotiations, but time is ticking very fast. For all those who have not yet donated I got one question, are you really willing to risk 2-5-10x increase by refusing to part with 0.02 or 0.010x of your stake? Honestly? I would love to chat with such an individual just to get insight into what sort of fascinating pattern of thinking gave rise to that decision.

In all seriousness. 50 Ti is nothing, we as a community should be able to achieve this. This event is something we'd have 4 premium speaking spots spread out over 4 days at if this Big Deal had gone through already. There are several more of these events and equally important things on line, are we as a community going to let it go to waste over ~2% of the collective stake?

If that was imperative you should hve put it at higher priority than foundation funding OR you should have put foundation funds toward making it happen and recoup them through further donation.

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: msin on August 24, 2016, 07:12:41 PM

Quote from: iotatoken on August 24, 2016, 04:47:54 PM

Manual Claims have not yet been counted, but so far only make up a few more %, will be processed this week.

We will adjust the goal to 50 Ti. With this minimum I am confident that we can squeeze the main and necessary goals out of the negotiations, but time is ticking very fast. For all those who have not yet donated I got one question, are you really willing to risk 2-5-10x increase by refusing to part with 0.02 or 0.010x of your stake? Honestly? I would love to chat with such an individual just to get insight into what sort of fascinating pattern of thinking gave rise to that decision.

In all seriousness. 50 Ti is nothing, we as a community should be able to achieve this. This event is something we'd have 4 premium speaking spots spread out over 4 days at if this Big Deal had gone through already. There are several more of these events and equally important things on line, are we as a community going to let it go to waste over ~2% of the collective stake?

David, how about using some of the Foundation funds to fund the Big Deal? If it's concerning adoption/marketing it could be Iota well spent. Keep the Foundation addresses up and running so we can continue to contribute to the Foundation.

It's not a good choice. The community has to take its own responsibility. Even the largest whales of Ethereum, or even the founder (Vitalik) himself only had 1% of total ethers, now he has more like 0.5% iirc. People need to just ask themselves: "Given the amount of IOTA I hold, am I contributing even remotely as much as Vitalik did to Ethereum?" if the answer is "No", well then you're doing something wrong.
I've reiterated this so many times since day one back in October that it just feels tiring even saying it at this point... If we reach 45 Ti, then perhaps the Foundation can indeed put in 5 Ti, but come on people, stop playing the victim of your environment, you got the choice of your and IOTA's future in your own hands, do something with it!

msin

legendary

Activity: 1470

Merit: 1004

Quote from: iotatoken on August 24, 2016, 04:47:54 PM

Manual Claims have not yet been counted, but so far only make up a few more %, will be processed this week.

We will adjust the goal to 50 Ti. With this minimum I am confident that we can squeeze the main and necessary goals out of the negotiations, but time is ticking very fast. For all those who have not yet donated I got one question, are you really willing to risk 2-5-10x increase by refusing to part with 0.02 or 0.010x of your stake? Honestly? I would love to chat with such an individual just to get insight into what sort of fascinating pattern of thinking gave rise to that decision.

In all seriousness. 50 Ti is nothing, we as a community should be able to achieve this. This event is something we'd have 4 premium speaking spots spread out over 4 days at if this Big Deal had gone through already. There are several more of these events and equally important things on line, are we as a community going to let it go to waste over ~2% of the collective stake?

David, how about using some of the Foundation funds to fund the Big Deal? If it's concerning adoption/marketing it could be Iota well spent. Keep the Foundation addresses up and running so we can continue to contribute to the Foundation.

HindsightHero

newbie

Activity: 8

Merit: 0

Just donated 1 Ti Iota. Lets get this done guys! Its in everyones interest!

sandiman

hero member

Activity: 560

Merit: 501

Quote from: Hollowman338 on August 24, 2016, 05:50:54 PM

Reset the network with an inflated supply to accommodate the "big deal", effectively a universal devaluation aka contribution from all

I think it's impossible as supply as been already changed and choosen for particular reasons...

Hollowman338

legendary

Activity: 1246

Merit: 1000

Reset the network with an inflated supply to accommodate the "big deal", effectively a universal devaluation aka contribution from all

msin

legendary

Activity: 1470

Merit: 1004

Quote from: 50cent_rapper on August 24, 2016, 12:51:54 PM

I know msin that you already donated 10% of your stake to Foundation (thank you very much)

I donated over 20% of my stake to Foundation.

iotatoken

hero member

Activity: 714

Merit: 500

Manual Claims have not yet been counted, but so far only make up a few more %, will be processed this week.

We will adjust the goal to 50 Ti. With this minimum I am confident that we can squeeze the main and necessary goals out of the negotiations, but time is ticking very fast. For all those who have not yet donated I got one question, are you really willing to risk 2-5-10x increase by refusing to part with 0.02 or 0.010x of your stake? Honestly? I would love to chat with such an individual just to get insight into what sort of fascinating pattern of thinking gave rise to that decision.

In all seriousness. 50 Ti is nothing, we as a community should be able to achieve this. This event is something we'd have 4 premium speaking spots spread out over 4 days at if this Big Deal had gone through already. There are several more of these events and equally important things on line, are we as a community going to let it go to waste over ~2% of the collective stake?

marcus1986

hero member

Activity: 854

Merit: 1000

Does anyone know if the Big Deal Summary include manual claimed iotas? Or do we have 19Ti + unknown count of manual claimed and donated funds?

50cent_rapper

legendary

Activity: 1344

Merit: 1000

Quote from: msin on August 24, 2016, 12:32:02 PM

Quote from: 50cent_rapper on August 24, 2016, 09:54:54 AM

We all want IOTA cost as Ethereum, 1 billions dollars, isn't it?
Then we need, as Ethereum, to get REAL BUSINESSES ON BOARD!
PAY FOR IT! It may be the one life changing chance!

Not a great comparison as Eth holders didn't have to donate anything. The issue I see is that a lot of whales have sold OTC and OTC buyers are much less willing to donate large amounts because they paid a premium for their IOTA. I don't see Big Deal going through unfortunately, but we have a really strong Foundation fund and should move on.

I have 2 points to discuss:

1) This is the problem of viewing back versus viewing in the future.
If I can buy Eth now, at 1 500 000 BTC marketcap, and if I knew that it will
go to 3 000 000 BTC marketcap, it means that I'll make 2x - or 200% RoI. Even so the starting marketcap of Eth was 30 000 BTC.

So it really doesn't matter who entered in IOTA at lower prices.

2) David may try to finish the deal with big businesses at lower amount of IOTA-s. So it really make sense to try to get at 30 Ti.

Even if he fails, there are other interested parties (not only 2, who can get BigDeals IOTA-s in exchange of using IOTA network).

I know msin that you already donated 10% of your stake to Foundation (thank you very much), but you as I must be understanding that the thing which create market value is not bitcointalk community, not twitter ads, not even media buzz, but external real life companies, who actually use tokens/coins.

I even think that the first thing which brought value to bitcoins were, I'm not afraid to say this, it were the ability to buy weed at black market at early days via bitcoin.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: 50cent_rapper on August 24, 2016, 09:54:54 AM

We all want IOTA cost as Ethereum, 1 billions dollars, isn't it?
Then we need, as Ethereum, to get REAL BUSINESSES ON BOARD!
PAY FOR IT! It may be the one life changing chance!

Not a great comparison as Eth holders didn't have to donate anything. The issue I see is that a lot of whales have sold OTC and OTC buyers are much less willing to donate large amounts because they paid a premium for their IOTA. I don't see Big Deal going through unfortunately, but we have a really strong Foundation fund and should move on.

50cent_rapper

legendary

Activity: 1344

Merit: 1000

We all want IOTA cost as Ethereum, 1 billions dollars, isn't it?
Then we need, as Ethereum, to get REAL BUSINESSES ON BOARD!
PAY FOR IT! It may be the one life changing chance!

50cent_rapper

legendary

Activity: 1344

Merit: 1000

I will repeat again, for those how do not understand:

You donate to bigdeal 10% of you stash
You remaining stash goes 10x in btc/usd value
because the funds from bigdeal will be given to big businesses
so they have the reason
to use IOTA network to transfer data
gathered from IoT sensors!

This is really so easy - you pay 10%, you remaining tokens goes in value 10x times!

http://bigdeal.iotatoken.com/ <-- thats the site where you send your coins, and they go 10x!

Come-from-Beyond

legendary

Activity: 2142

Merit: 1009

Newbie

Quote from: nickelback65 on August 23, 2016, 10:03:36 PM

Quote from: Come-from-Beyond on August 07, 2016, 11:09:07 AM

Quote from: sparta_cuss on August 07, 2016, 11:07:35 AM

Should ordinary users download 1.0.3.eta also, or do you prefer that just bootstrapping servers use it?

The latter.

Hello Come-from-Beyond. I am using the 1.0.1 exe wallet as an ordinary user. Do you recommend staying with this wallet for the foreseeable future or updating? I
understand 1.0.4 is coming soon.

Thanks for your response.

The latter.

Jabbawa

full member

Activity: 179

Merit: 100

Quote from: ?? on ??

I would like to buy some Ti s for 6.8 BTC , you can see the price at the moment on http://iotawallet.com/

escrow would be SebastianJu https://bitcointalksearch.org/topic/ann-sebastianju-legendary-escrow-service-escrowed-over-8150-btc-1102721

thank you

That is not the correct price I'm afraid dude.... 6.8btc for 1Ti would be a very, very good deal. You should count yourself lucky if someone is willing to sell at 2x that price. Escrow, OTC market has price at over 0.0135btc/Gi atm.

achimsmile

legendary

Activity: 1225

Merit: 1000

Quote from: fartbags on August 24, 2016, 03:10:27 AM

Asking people to donate their IOTA is unfair.

no offense, but that made me laugh a little.

fartbags

legendary

Activity: 1190

Merit: 1004

Why not hard fork in more IOTA to sell to partners? Asking people to donate their IOTA is unfair.

nickelback65

member

Activity: 85

Merit: 10

Quote from: Come-from-Beyond on August 07, 2016, 11:09:07 AM

Quote from: sparta_cuss on August 07, 2016, 11:07:35 AM

Should ordinary users download 1.0.3.eta also, or do you prefer that just bootstrapping servers use it?

The latter.

Hello Come-from-Beyond. I am using the 1.0.1 exe wallet as an ordinary user. Do you recommend staying with this wallet for the foreseeable future or updating? I
understand 1.0.4 is coming soon.

Thanks for your response.

Topic: IOTA - page 468. (Read 1473233 times)