Topic: IOTA - page 676. (Read 1473405 times)

Don't worry about it. We just need to 'strike down' when the majority of posts suddenly revolve around speculation rather than IOTA itself. You are 100% entitled to your own valuation of IOTA and I would advise you to only follow your own instincts and also be sure why you buy IOTA. That is all.

Anyway I wasn't going to start discussion, just said what do I think and asked to pm me if anyone is ready to sell at the price I'm ready to pay. Sorry if I said something wrong.

Good question. Off the bat I am 100% pro-encryption and privacy. This is something that we've been giving a considerable amount of contemplation. It is completely inevitable that governments will use IoT ( which is soon all technology ) to acquire information about the world and its inhabitants, this is a given. It is also uncontroversial at this point ( after leaks and official announcements ) to state that governments do indeed force backdoors into software and hardware. In our company this is not a binary issue ( remember we're all about trinary logic ), there is no simple right or wrong here and it is hard to predict what to do in an instance where governing officials give you the choice of either complying - at least to some extent - to their demands or be out of business, not because of the potential profit loss, but because of the other benefits of what the tech you are creating bring to the world.

So in short: it's a complex issue. We will fight hard to keep all our software and hardware untampered, and just like other technology companies are increasingly calling out for: we will be open and transparent about it all the way.

I do not want a dystopic future where governments got borderline omnipresence and omnipotence due to the ubiquity of technology, but this is no black/white issue, there are a ton of upsides to traffic monitoring sensors in terms of resolving crime, providing immediate help in emergencies etc. Likewise there is an immeasurable benefit from wearables and implantable health technologies that stream their data directly to healthcare professionals etc. to prevent death and disease and so on and on and on.

This is an issue I personally have given a ton of thought, which is why I am on hobby side work on distributed-decentralized identity together with Dominik (www.composui.com), with the goal of enabling people to keep their data secure and safe, but at the same time useful through something like zero-knowledge-proofs. So you can be sure that this is something I, as the leader of Jinn/IOTA, take very very seriously.

But again I want to stress that this is not a black/white issue with simple answers.

How come I ended up with 0/3?

1. Nxt was the first POS. That's 1.
2. Eth raised enough to spend millions on marketing and got to the top by market cap because of it. That's 2.
3. There was no 3, actually.

By the way Iota is not the only one (and not the first one) coin without a blockchain. Simcoin is the first one blockless coin.

My apologies.

Alright before this gets out of hand:

Nxt had tops 70 original buyers ( real number probably closer to 30-40 based on activity ) who combined put in less than 2500 dollars. I won’t go into why Nxt evolved the way it did, but please stick to facts. IOTA raised approximately half a million from 350+ people.

Ethereum also did not raise 30 million, they raised (in BTC) around 18 million USD, which they failed to secure so they suffered a loss of 9 million dollars in volatility. So they were left with 9 million, which they burnt through quite rapidly through (my opinion) mismanagement of funds and overstaffing. Again, let’s stick to facts.

While Nxt was the first PoS coin, IOTA is the first blockless, quantum secure and lightweight token. So this argument is also not really a valid metric for hypothetical valuation of software.

So that is 0/3 valid arguments from you. Now to the real reason I am replying: please do not pollute the threads with speculation, make a separate thread about it. IOTA is an IoT tech project, not a pump and dump investor scheme. How much is the software going to be worth on launch? No one knows yet. How much will it be worth 1-2-3 months post-launch? NO ONE knows, and if they claim they do they are lying. This vacuous speculation only derails the real purpose of IOTA: real life IoT applications. This is the *only* thing that should be in focus here. If you only want to buy IOTA because CfB coded my vision with Mtchl’s formulas and math prowess and you got no other vision for IOTA yourself, then I don’t even see why you even want to buy it? You clearly have no idea what it even is and only look for a quick buck, sorry but we have explicitly stated repeatedly that we do not care about such leechers.

You are free to speculate all you want, but do not do it in any of the official IOTA threads please.

Nxt was the first POS coin and ETH collected 30 million dollars. They most likely spend $25000 on marketing every month, so there's no reason to take them into considetation.

Iota is not going to fifth place anytime soon and even what I'm willing to pay is risky. I know CfB is a damn genious so I'm ready to take that risk. If there wasn't him behind Iota I'd just put money in Lisk IPO which is already a solid tech.

The difference between 20th place and 5th place is 10x.  Nxt for example was once valued at 14x the .00001 Iota price today in BTC price and 33x in actual money price.  ETH is currently 100x the price. Now I am holding 90% of my Iota long term. But even for the short term investor, typically coins with huge support and real innovation concepts can initially jump into the top 5-10 market caps the first few months.

0.00001 BTC for one IOTA puts it to 20th place by market cap. One should be crazy to buy in at that price before even the beta.

I'm willing to buy any amount between 300K and 1M for 1/3 of that price, so I'm buying 1M for 3.5 BTC. Please PM me if you're interested.

U.S. government to use IoT devices to spy on citizens. No surprise there.

http://libertyblitzkrieg.com/2016/02/10/top-u-s-official-admits-government-will-use-internet-of-things-to-spy-on-the-public/

My question is, can and should Jinn Labs take an official position on this? To what degree is it possible to develop products that account for such government misuses?

Maybe he'll take his IOTA for a candlelit dinner?

Or down the dog track?

Who knows/cares?

LOL - it's a human thing

That was just a question, haha, so much emotions.

What he'll do with his IOTA is up to him. Shove them up his ass maybe?

None of ur goddamn business imo LOL

Point.

The last answer is: days

when

beta will be out???

Haha CfB the salesman. No, but seriously he's not trying to be rude or offputting. It's just that we (IOTA founders) are not interested in facilitating focus on speculation, so his question is legit, what are you planning to do with it? If the answer is 'hold it and hope it magically increase in value without any effort on my part', then you are on your own.

As for when it'll be added to exchanges: I can't disclose the names of the exchanges that we are talking with, but there are already several who are interested, so it is reasonable to assume that acquiring IOTA via an exchange will happen quite soon after official launch.

He did answer him, look two posts up.  He doesn't know when exchanges will adopt Iota, so he doesn't know when anyone can buy some.

As you can see, hes new around here, and stated that he sees the potential, for use cases I imagine

Isn't that all of us? We see that its a groundbreaking innovation.

Like all of us he probably, just wants to buy now, and be an early adopter, and avoid having to pay a premium once it has multiple uses and is in great demand.

I know CFB is not trying to be difficult, and just didnt realize that his response might startle, and confuse a newbie.

Welcome aboard friend. Everyone, and im sure CFB is happy to see your interest in the project.

Just curious. Are you going to answer the man's question? Seems like a fair question if you ask me.