IOTA - page 716. | Bitcointalksearch.org

rtrtcrypto

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Now JINN tokens are EQUITY again???

You need to be more consistent with the things you say, David.

Quote from: iotatoken on December 09, 2015, 05:41:15 PM

Quote from: titan20 on December 09, 2015, 05:12:01 PM

Quote from: iotatoken on December 08, 2015, 10:30:22 PM

Quote from: titan20 on December 08, 2015, 05:34:11 PM

Quote from: iotatoken on December 03, 2015, 11:51:16 PM

Quote from: azwccc on December 03, 2015, 05:40:16 PM

Also, do you have any detailed plan in hardware side? It will require more capital investment, right? Any partnership yet?

Thank you

Yes, we're 13 months into the hardware development. As for requiring more capital investment, do you mean to get prototype or production run? If latter, yes certainly. We'll eventually have to take the 'traditional VC route', but so far we're doing quite good. Re: partnerships on the hardware side, can't disclose anything due to NDA and the fact that it's still preliminary stages.

What are the consequences if you take the 'traditional VC route' for existing Jinn asset holders?

Traditional VC route simply means getting cash infusion, nothing changes.

So i guess this will happen by selling existing jinn shares in your possession or will there be dilution of the jinn shares?

Of course this is all hypothetical at the moment, but most VCs demand equity, so that's the most LIKELY route.

WorldCoiner

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Well done Sir, really a great article/interview

grewalsatinder

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Blockchain Technology Enthusiast, IT Pro

IOTA: Cryptocurrency of Internet of Things - Conversation with Co-founder of IOTA, David Sønstebø

http://meshbits.io/iota-cryptocurrency-of-internet-of-things/

iotatoken

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Activity: 714

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Quote from: titan20 on December 09, 2015, 05:12:01 PM

Quote from: iotatoken on December 08, 2015, 10:30:22 PM

Quote from: titan20 on December 08, 2015, 05:34:11 PM

Quote from: iotatoken on December 03, 2015, 11:51:16 PM

Quote from: azwccc on December 03, 2015, 05:40:16 PM

Also, do you have any detailed plan in hardware side? It will require more capital investment, right? Any partnership yet?

Thank you

Yes, we're 13 months into the hardware development. As for requiring more capital investment, do you mean to get prototype or production run? If latter, yes certainly. We'll eventually have to take the 'traditional VC route', but so far we're doing quite good. Re: partnerships on the hardware side, can't disclose anything due to NDA and the fact that it's still preliminary stages.

What are the consequences if you take the 'traditional VC route' for existing Jinn asset holders?

Traditional VC route simply means getting cash infusion, nothing changes.

So i guess this will happen by selling existing jinn shares in your possession or will there be dilution of the jinn shares?

Of course this is all hypothetical at the moment, but most VCs demand equity, so that's the most LIKELY route.

titan20

sr. member

Activity: 427

Merit: 250

Quote from: iotatoken on December 08, 2015, 10:30:22 PM

Quote from: titan20 on December 08, 2015, 05:34:11 PM

Quote from: iotatoken on December 03, 2015, 11:51:16 PM

Quote from: azwccc on December 03, 2015, 05:40:16 PM

Also, do you have any detailed plan in hardware side? It will require more capital investment, right? Any partnership yet?

Thank you

Yes, we're 13 months into the hardware development. As for requiring more capital investment, do you mean to get prototype or production run? If latter, yes certainly. We'll eventually have to take the 'traditional VC route', but so far we're doing quite good. Re: partnerships on the hardware side, can't disclose anything due to NDA and the fact that it's still preliminary stages.

What are the consequences if you take the 'traditional VC route' for existing Jinn asset holders?

Traditional VC route simply means getting cash infusion, nothing changes.

So i guess this will happen by selling existing jinn shares in your possession or will there be dilution of the jinn shares?

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: Tobo on December 09, 2015, 04:14:45 PM

Quote from: Come-from-Beyond on December 09, 2015, 03:00:17 PM

If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer?

Sell. So you can minimize the volatility(risk).

Yes, the plan has always been to sell over 80%, we'll retain a sum for the first couple of months simply because we pay all the salaries in Bitcoin anyway.

Tobo

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Quote from: Come-from-Beyond on December 09, 2015, 03:00:17 PM

If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer?

Sell. So you can minimize the volatility(risk).

rtrtcrypto

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Activity: 627

Merit: 500

Good, between that and having JINN tokens to offer potential employees, you guys should have some breathing room.

Quote from: iotatoken on December 09, 2015, 03:35:58 PM

Quote from: rtrtcrypto on December 09, 2015, 03:10:16 PM

ALIVE CAT-DEAD CAT, I hope you sell and the price both raises and falls simultaneously.

Actually, I just want you guys to get the needed money to push this thing forward. If the money raised is enough to keep a comfortable burn rate until the project is successful, then SELL IT ALL.

Quote from: Come-from-Beyond on December 09, 2015, 03:00:17 PM

Quote from: rtrtcrypto on December 09, 2015, 02:41:21 PM

What are your plans for the BTC?

Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad.

If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer?

We will unload the vast majority of it. (over 80%)

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: rtrtcrypto on December 09, 2015, 03:10:16 PM

ALIVE CAT-DEAD CAT, I hope you sell and the price both raises and falls simultaneously.

Actually, I just want you guys to get the needed money to push this thing forward. If the money raised is enough to keep a comfortable burn rate until the project is successful, then SELL IT ALL.

Quote from: Come-from-Beyond on December 09, 2015, 03:00:17 PM

Quote from: rtrtcrypto on December 09, 2015, 02:41:21 PM

What are your plans for the BTC?

Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad.

If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer?

We will unload the vast majority of it. (over 80%)

rtrtcrypto

hero member

Activity: 627

Merit: 500

ALIVE CAT-DEAD CAT, I hope you sell and the price both raises and falls simultaneously.

Actually, I just want you guys to get the needed money to push this thing forward. If the money raised is enough to keep a comfortable burn rate until the project is successful, then SELL IT ALL.

Quote from: Come-from-Beyond on December 09, 2015, 03:00:17 PM

Quote from: rtrtcrypto on December 09, 2015, 02:41:21 PM

What are your plans for the BTC?

Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad.

If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer?

Come-from-Beyond

legendary

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Newbie

Quote from: rtrtcrypto on December 09, 2015, 02:41:21 PM

What are your plans for the BTC?

Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad.

If we sell - BTC will rise. If we keep - BTC will plummet. Which scenario do you prefer?

rtrtcrypto

hero member

Activity: 627

Merit: 500

What are your plans for the BTC?

Will you unload 85% (or some other high%) and keep the rest as an arbitrage play? Or, will you unload it all? BTC seems to be establishing a new floor, maybe the upside is not so bad.

Quote from: iotatoken on December 09, 2015, 12:42:35 PM

Quote from: Tobo on December 09, 2015, 10:13:51 AM

Quote from: iotatoken on December 09, 2015, 02:34:57 AM

l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur.

This is only a budget issue. It is not about how much you spend. It is about if your income or revenue (which can be the capital injection from the investors) can cover your spend and if the company's debt stricture is in a healthy level. More spending does not automatically mean a bad thing when today's spending will bring future values and revenue for the company.

Of course, but this is not a regular business. They run a non-profit organization with no clear future revenue stream beside consulting. Spending that much money upfront without a functioning product and keeping the vast majority of the funds in a volatile currency, was imo a very risky and inexperienced decision.

iotatoken

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Activity: 714

Merit: 500

Quote from: Tobo on December 09, 2015, 10:13:51 AM

Quote from: iotatoken on December 09, 2015, 02:34:57 AM

l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur.

This is only a budget issue. It is not about how much you spend. It is about if your income or revenue (which can be the capital injection from the investors) can cover your spend and if the company's debt stricture is in a healthy level. More spending does not automatically mean a bad thing when today's spending will bring future values and revenue for the company.

Of course, but this is not a regular business. They run a non-profit organization with no clear future revenue stream beside consulting. Spending that much money upfront without a functioning product and keeping the vast majority of the funds in a volatile currency, was imo a very risky and inexperienced decision.

Komputor

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Activity: 26

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For those that havent seen this one, Andreas Antonopoulos on IOT and Bitcoin's role in it. IOT talks starts from 9:03 -

https://www.youtube.com/watch?v=9PFDCQz5Xi0

Tobo

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Activity: 763

Merit: 500

Quote from: iotatoken on December 09, 2015, 02:34:57 AM

l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur.

This is only a budget issue. It is not about how much you spend. It is about if your income or revenue (which can be the capital injection from the investors) can cover your spend and if the company's debt stricture is in a healthy level. More spending does not automatically mean a bad thing when today's spending will bring future values and revenue for the company.

It is important to have a valid business model when building a business. Where will the stream of cash and revenue come from to support the operation of the business? Who are the customers and clients? How do you sell your products? How much should you spend today to yield a goal in 5 years, 10 years, maybe 20 years? How much risk do you want to take?

smartwart

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from the google / d-wave group:
http://arxiv.org/abs/1512.02206

martismartis

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Is this 9 in the seed because of https://www.facebook.com/TeslaConcursos/videos/758647274225419/ ?

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: illodin on December 09, 2015, 03:04:28 AM

Quote from: iotatoken on December 09, 2015, 02:34:57 AM

This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive.

Or perhaps they bought too much their own coins in the ICO so they didn't actually get as much funds as they appeared to get.

It's of course a possibility, but I tend to reject such conspiracies as they rarely stand up to any kind of scruitny. Ethereum was no small project in mid-2014, pulling this off without anyone inside leaking info would be really, really hard, borderline impossible given the history of drama inside Ethereum. It would leak. Personally all my chats with core members of Ethereum leave me very confident that they would never pull off some shady shit like that.

However their salaries have been posted public, the amount of team members, how much was lost in the bitcoin crash etc. So to me it's not at all a complex issue, it was just some mismanagement.

illodin

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Quote from: iotatoken on December 09, 2015, 02:34:57 AM

This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive.

Or perhaps they bought too much their own coins in the ICO so they didn't actually get as much funds as they appeared to get.

iotatoken

hero member

Activity: 714

Merit: 500

l8orre, I definitely agree, this is why I am against scaling up too fast, it leads to uncontrollable spending. This IMO is what caused Ethereum a ton of grief, they had too high salaries, too many employees, too many development hubs arond the world etc. Simply too expensive. Brilliant developers with no business and management experience/interest. I recommend the 'Founders Dilemma' book to every future entrepreneur.

And for all those who don't understand how quantum computers work and why IOTA takes them seriously, this is the greatest down to earth summary you can find:
https://www.youtube.com/watch?v=JhHMJCUmq28

Topic: IOTA - page 716. (Read 1473405 times)