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Topic: IOTA Crowdsale - page 74. (Read 182701 times)

legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
December 02, 2015, 04:42:30 AM
If I recall well, we can send more than 1 tx from the same address and the amount will be added to the total previous, right?
legendary
Activity: 2142
Merit: 1010
Newbie
December 02, 2015, 12:48:58 AM
Can anyone tell again

How we can buy iotas?

It's written in the starting post.
full member
Activity: 187
Merit: 100
December 01, 2015, 09:32:52 PM

1G8hh3bHMMhZSATwisBVbGFSYBKK3Suib8




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



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


second scam bcnext confirmed
Another,did you all know who is this newbie guy? Grin
full member
Activity: 187
Merit: 100
December 01, 2015, 09:26:50 PM

1G8hh3bHMMhZSATwisBVbGFSYBKK3Suib8




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



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


second scam bcnext confirmed

NXT was threw away.LOL Grin
Being DEAD.
hero member
Activity: 763
Merit: 500
December 01, 2015, 08:35:51 PM
Can anyone tell again
How we can buy iotas?

All info is on the first post of this thread - https://bitcointalksearch.org/topic/iota-crowdsale-1262688
legendary
Activity: 2408
Merit: 1004
December 01, 2015, 06:45:48 PM
Can anyone tell again

How we can buy iotas?
legendary
Activity: 2142
Merit: 1010
Newbie
December 01, 2015, 05:45:01 PM
I don't get it.
IOTA tokens are peaces of software? Or do you need the IOTA tokens to buy the new software you are developing?

You need iotas to use services running Iota software.
sr. member
Activity: 427
Merit: 250
December 01, 2015, 05:31:28 PM
Crowdsale is a different way to say ICO?

No, we sell software, ICO stands for Initial Coin Offering.


So IOTA is a software sale? Could say buying IOTA's is like buying shares in a software company?

If yes, will you get dividend payments?

Yes. No.

N/a.

I don't get it.
IOTA tokens are peaces of software? Or do you need the IOTA tokens to buy the new software you are developing?
legendary
Activity: 2142
Merit: 1010
Newbie
December 01, 2015, 05:04:54 PM
Where all these 1 post users come from?..

@bottlerocket, nothing personal, just curious.
newbie
Activity: 7
Merit: 0
December 01, 2015, 05:02:19 PM
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.

While there might good reasons  to sell the JINN Assets and to realize the 5 time ROI, i think the swap with Jinn tokens is a risky idea. Jinn holders get profits from hardware sales, the buyer of IOTA token get only the token but nothing  from the hardware sales etc. even if substantial amounts of the raised funds will go into the  further development of the Jinn processor.

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).

Do they need to cash out? Do they need to do it in  only a few days? Maybe the BTC will go to developers which will hold them?
I think the IPO/crowdsale  was prematurea and with something presentable the would have collected more solid funds but thats their decision.

legendary
Activity: 2142
Merit: 1010
Newbie
December 01, 2015, 04:43:37 PM
So IOTA is a software sale? Could say buying IOTA's is like buying shares in a software company?

If yes, will you get dividend payments?

Yes. No.

N/a.
sr. member
Activity: 427
Merit: 250
December 01, 2015, 04:38:26 PM
Crowdsale is a different way to say ICO?

No, we sell software, ICO stands for Initial Coin Offering.

So IOTA is a software sale? Could say buying IOTA's is like buying shares in a software company?

If yes, will you get dividend payments?
rlh
hero member
Activity: 804
Merit: 1004
December 01, 2015, 04:30:40 PM
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.

I assume you're not paying attention to the Nxt blockchain and the mentioned JINN asset.  As outlined from the beginning, Triangle create 1,000,000 JINN tokens and sold to the public (through a dutch auction) 10% of these profit-shares (or whatever they legally need to call them.)

If JINN/Triangle were a scam, and had they intended to dump assets on the order book, they have more than enough shares to clear it out, take all of the Nxt and run to the nearest exchanges to cash out some BTC.  

They don't need to buy back these shares.  They've increased their profit stake from 90% to ~93.4%.  That ~3.4% isn't of much use unless they are trying to buy back portions of their company (or, err, profits) because they see value in taking back as much of the public holdings as they can.

EDIT

I take no issue with this, and I personally think it's a smart move on their part.  They're creating a fair mechanism to buy back assets from the "weak hands" by handing over to them an asset that will very-likely increase in value immediately as soon as the software is delivered and IOTA is listed on the first major exchange.
hero member
Activity: 714
Merit: 500
December 01, 2015, 04:17:10 PM
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.
hero member
Activity: 840
Merit: 500
December 01, 2015, 04:13:33 PM
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.
rlh
hero member
Activity: 804
Merit: 1004
December 01, 2015, 03:01:54 PM
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.)
hero member
Activity: 658
Merit: 1003
December 01, 2015, 02:52:08 PM
Looool BCnext investion. I will do it too, for sure!
Before 15% ends Smiley
newbie
Activity: 34
Merit: 0
December 01, 2015, 02:53:08 PM
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!
legendary
Activity: 2142
Merit: 1010
Newbie
December 01, 2015, 02:42:55 PM
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? Smiley

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
newbie
Activity: 34
Merit: 0
December 01, 2015, 02:36:24 PM
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? Smiley
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