Author

Topic: Iota's Founding Documents (Read 431 times)

newbie
Activity: 1
Merit: 0
October 12, 2017, 12:51:56 PM
#5
Are you dumb? Certainly more Potatoe than I am.
Firstly, you don't need a TOS to found a corporation or an organization.
Secondly, stop trying to sound smart. You clearly haven't done your research. What you are unnecessarily panicking about is related to ownership of the JINN asset, which is traded (and apparently soon to cease trading) on the NXT Exchange created by CFB (AKA BCNext).

If you own JINN shares you will be privy to the documents. JINN assets were issued and not long after a buyback was initiated and holders could receive IOTA in lieu of their JINN - btw, buybacks are not uncommon in stocks. The IOTA team most likely posted the docs you speak of online to speed up the claims process and keep from dealing with share claims manually. Then they most likely took the docs down at lawyers instruction because non-jinn holders don't need to care about this - yes, real lawyers were involved.

Go buy some JINN, make a claim, read your boring docs. Stop spreading FUD. It's no wonder you got kicked from slack because the team has significantly more important things to deal with than this.

Please proceed to put foot in mouth and sell so the rest of us can hoard IOTA.
newbie
Activity: 7
Merit: 0
October 12, 2017, 12:10:01 PM
#4
This is typical behaviour of them. They destroy the community with their arrogancy while it is at it's infancy. Lots are fed up of those shmocks. I'm still in because of the tech but they are really so incapable of the simplest marketing / PR. They feel like kings with a lot of peasants, the ones who argue them get banned. They really don't like places where thay can't ban. It hurts them so much. Just had to say this, over and out Wink
newbie
Activity: 8
Merit: 0
October 11, 2017, 10:35:27 AM
#3
Still no response from the iota team? thats troubling.
newbie
Activity: 42
Merit: 0
October 09, 2017, 10:03:00 PM
#2
I purchased few IOTAs past week and was not aware of this incident. This is really disturbing. They should be providing a statement on this issue.
newbie
Activity: 2
Merit: 0
October 09, 2017, 09:17:03 PM
#1
I learned about Iota's manual claims issue about two months after finding the Iota project and committing to holding long term. I have invested a significant amount of fiat into Iota and believe that what is being 'offered' is a solution to a problem that will only become more complicated as we navigate the internet of things. However, as mentioned above, I discovered some information about Iota's manual claimants that seems pretty concerning. If you aren't aware of iota's manual claim problem, I would consider you making up your own mind as I am attempting to, now.

The reason I say that my mind isn't made up is because I prefer to see all of the evidence because I pass judgement on a particular investment or issue. For an overview of what is happening with the manual claimants visit: https://bitcointalksearch.org/topic/iota-manual-claims-tracker-unofficial-2000113

When I discovered that unofficial claims topic and read through the thread, I noticed that the original crowd sale of Iota included two foundation documents called, TOS.pdf and Risk.pdf. These two documents were linked as follows: http://188.138.57.93/tos.pdf and http://188.138.57.93/risk.pdf. Unfortunately, these links are now dead and the documents are unavailable.

From this forum, as well as information provided by the iota devs, there appears to be over 300Ti unclaimed or unpaid to individuals. This effectively, as I understand it, means that there is significant percentage of the entire coin's market cap that hasn't received their coins and is likely less than happy.

To ensure that I understood what the issues were and as part of my own due diligence I have requested copies of TOS.pdf and Risk.pdf from the devs on numerous occasions, offered a small reward to anyone on IOTA's slack channel for a copy of the docs (I was immediately banned after being question by Dom), and searched the internet high and low for the docs.

Unfortunately, when I do speak to a dev, they say that I don't need to see it since I am not a manual claimant. I'll agree that I am not, but what is there to hide? Iota's devs preach that iota is about a community, building something bigger, working cooperatively, being transparent but when you ask for a simple set of documents you get immediately banned from the slack and get called names by the "professionals at iota." As such, if I was seeking 'FUD material' what could be in those document that were publicly released that would amount to FUD. Frankly, i'm more concerned by how the devs have treated this simple request for information (not to mention the claimants -- see the topic and David's attitude towards users) than I am about the missing documents. I understand that documents get moved and servers change, but what's there to hide?

I will say that Come-From-Beyond has been polite, instructive, and expressed some frustration about the lack of administrative organization. Effectively, he has told me to continue to send email requests to David and Dom in hopes they entertain my request. However, how many months should someone wait to see a document that is clearly part of the Terms of Sale?


Finally, I am not here to bitch and moan, I simply want to see the darn documents. Moreover, don't you want to see what the fuss is all about?

If you have the files please email them to [email protected].
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