Topic: Jinn/IOTA - What is really going on? - page 2. (Read 13538 times)

Btw, regarding your use of statistics to claim some properties of a hash function:

http://security.stackexchange.com/questions/34523/is-it-appropriate-to-use-haveged-as-a-source-of-entropy-on-virtual-machines#comment92979_34552


I realize you were only modeling it as a "transformation function", but depending on the intended usage, those statistics may not being stating much. I didn't really dig in enough to know... just saw that from Tom Leek and thought I'd pass it along...

If you say that Jinn holders, after the redemption period for IOTA is over, will be "transferred legal profit-shares", then I believe you.  I think you are an honest, decent guy CfB, but in all seriousness, I don't think either of you have any idea of the legal ramifications involved.  Hopefully David is getting good legal advice, because I even though I don't like him, it would still be unfortunate if he was prosecuted because of this.  I know a lot of bad attorneys that have now become bad insurance salesmen.  Please make sure you get proper, decent legal counsel.


My point is of course that you are changing the terms to suit your exposure to your legal culpability.  Granted, laws change and I can see how that necessitated the change from "cryptocurrency" to "non-cryptocurrency", but what is your excuse for stating that people who purchased "profit-shares" (your words) in Jinn are now "NOT investors" after the sale?  The only reason for this of course is an ill-fated attempt to reduce your legal exposure.  This tells me that you are getting bad legal advice or consulted with your attorneys after the initial Jinn sale.

That's right, officially, 2Kool4Skewl was banned from this forum for mockingly creating a thread for my own cryptocurrency called NEXX (a fairer clone of FrictionlessCoin's NEX), but anybody who looks up NEXX can see that it's a total joke in which I didn't steal a single satoshi.  The reason I was banned from NXT Forum is because the mods didn't like my opinions and take everything way too seriously.  I never sent anybody a death threat.  I did send Farl4bit, a mod, this picture:



"Kill yourself" isn't a death threat, it is a suggestion that he commits suicide.  I also never "spammed, stalked or slandered" anyone.  Please, get your facts straight.

Apologies I have 8 10 messages in my PM queue and haven't opened PMs in several days because I am busy and I want to be reminded to check it by the notification at the top. If I open, then I loose the notication, so I will wait to open once I am ready to process those.

I don't understand what has gone too far. I guess I will understand after reading your PM.

I am merely commenting as any person who might be interested in Iota would be. I would be curious about the principals, background, plans, etc..

I am merely making a marketing suggestion to you that it would help if that information was coherently explained all in one place. You are free to ignore my "potential user of Iota" feedback.

I don't understand how threatening legal action against your potential users is good for your marketing. Come on man, cool down. I understand this may be a very serious legal issue for you, and thus I better just shut up because apparently you are extremely paranoid.

Geez man, I am just a forum person making some observations and comments. But apparently I touched a nerve.

Let's end it here. I will get around to the PMs soon. No bad feelings please. Sorry to hear if you have such a legal status that you need to be so paranoid. I surely hope I don't get myself into such a predicament which is precisely why I have been doing the discussion on these sort of securities issues, so I could learn and share.

Open source. But again I understand for you, this appears to be a very serious legal discussion. So I end here. Adios.

Let's both cool down. I'll follow up on PMs soon.

Yes we do, the info was readily available for every person it was relevant to over a year ago. That's all that matters. As for the only relevant info now is the JINN:IOTA swap, which is 100% available for every person. Respond to the PM, because this has gone too far.

Thanks for saying thanks, but I must point that you don't have it under control when I can't even locate the damn information quickly. Sorry. Okay I will butt out. I don't have any stake at all in this other than to observe and learn as a cohort altcoin developer.

Be sure I don't feel any competition whatsoever from Iota, because our marketing strategies and technical focuses are orthogonal (non overlapping to any significant extent in terms of the demographics and use-case we are each targeting). I am only here to discuss securities law and ramifications as it is applies to altcoin developers and their markets.

Thanks for the suggestion, but we got it 100% under control. The only confused party here are outsiders and trolls that got nothing to do with this. Now please stop interfering with something you got nothing to do with.

My suggestion is please get your website up with everything explained in one place.

All legal, marketing, branding, strategy, operational stuff in IOTA is my sole responsibility. CfB is talking about early JINN tokens, not the hardware project in its entirety. We know exactly what we're doing and go by the rules with registered company and eventually 'traditional VC funding route' as we have explained a billion times. This is what happens when you bite the bait of a notorious liar and troll, you think there is controversy where there is none, you think there is lacking info, eventhough the info has been widely available for over a year. I appreicate that you are trying to use your interest in legalities to 'clean up' the somewhat shady space that is crypto, but you have identified the wrong party here. Now we all lay this dead and leave it to the trolls. Thanks

Iota is run under EU jurisdiction, no problem for USA citizens here. Noone plays legal games in Jinn, it would be so if I wanted to scam someone, but I stick to what promised. If USA citizens have problem with this, well, maybe they should visit a psychotherapist (I've heard every USA citizen has one) and he will explain that there are other jurisdictions and USA is not the center of the universe. It would be silly to comply to USA laws for a guy from Russian block, wouldn't it?

I also doubt the globalists (or even some petty official of the hegemony) has a big incentive to go after you retroactively, but what sort of marketing image does this create for your product that you guys are playing geopolitical hide-and-seek strategies. It is like a Tom and Jerry cartoon.

Come on if you want to be taken seriously in business at global scale, then you don't act like a Russian mob. You embrace the norms that the mainstream of society is in.

It seems like maybe you are technically talented, but you are shooting yourself in the foot by trying to play legal games.

Why not just create your technology and win on the merits. If you need funding, then go for angel investment. There are ways to go unregistered that aren't illegal in any major jurisdiction.

I liked your name Iota and your logo. Seemed you have some talents in marketing also.

I believe one thing you can do to comply with US securities law is just make sure all the purchasers of the Jinn shares have been verified to not be US citizens and for the ones that are US citizens have them sign a waiver stating they are a "sophisticated investors". Check with your attorney.

That is my 2 cents. Now I am out of this. Got to get back focused on my work.

Aye, NWO is inevitable. Luckily, laws are not retroactive.

In the sister thread of my securities law thread, someone who claimed to be often consulting with securities law attorneys pointed out that Erik Voorhees escaped severe criminal proceedings only because he refunded all the money to the investors before the SEC could finalize their actions.

So it was much more costly than some $50,000 fine. The level of financial culpability apparently depends on the level of losses and investmentparticipation you are creating. The culpability for jail time is not so limited, especially if someone willfully violates securities law. Again no specific allegations of your case (IANAL). Erik got lucky. Maybe because his scheme was not so willfully snubbing the regulators. Yet you have CfB here acting like his Romanian cohort Mircea Popescu, who I (as AnonyMint) warned the USG will eventually "burn his finger tips up to his armpits".

Hey Putin is part of the same globalist club and this current charade is only temporary and then we will all fall into the NWO together. That is when they will burn your ass over there in Belarus.

Don't forget it was Larry Summers who was over there in Russia after the fall of the USSR to organize the distribution of the nationalized assets to the selected oligarchs who are loyal to the globalist club. Do a Youtube search on Anthony Sutton. Also "Princess of the Orient".

Don't forget who funded the Bolshevik revolution. The globalists are running the show.

Jinn processor supports Distributed Computing on hardware level, it can't beat CAP theorem but it can reduce its negative consequences to some degree.

The Jinn project is indeed a hardware processor project, we're developing trinary-async processor.

Also it was eludicated in my thread that (at least under USA securities law) after a period (afair 1 year) then the unregistered shares essentially become unburdened under most scenarios for those who were not the principals involved. I would have to go digging in my thread for the details.

Essentially the innocent victims who are just purchasing and not marketing the shares, do not seem to incur a great amount of culpability. Disclaimer: IANAL.

Edit: although as a "participant" (ahem not an "investor", :wink: :lol:), perhaps you would consider the public perception and valuation impact that would come from any civil or criminal lawsuit hinging on securities law violations. Maybe valuation would increase due to publicity from such? (or decrease, I dunno)

I been googling trying to find out what Jinn Labs is and I reached the following thread. And interesting in this post from 2014, you CfB mentioned the CAP theorem:

https://nxtforum.org/index.php?topic=5545.msg106294#msg106294

I still have no concrete idea what Jinn Labs is (haven't read the entire thread). The website http://www.jinnlabs.com/ doesn't function.

Also is the only point of the following that you are proposing hardware based on a 3-valued bit (trinary) instead of a normal 2-bit (binary) machine?

https://github.com/JinnLabs/SaM/blob/master/src/SaM.java

I agree, the trolls want you to respond to them... If you ignore them, they have nothing to work off of.

You know, I miss Frictionlesscoin.

Tip of the hat to you Friction!

FrictionlessCoin disappeared, BlueMeanie disappeared, Hazard is still thinking how to reply, Blocktree didn't want to put money where his mouth is. How do you want me to relax while running simulation? 

I agree 100% and this is why I have been trying to end the conversation over and over again, which is why I escalated it to the point of demanding the legal names of the parties involved, so everyone can see that they are indirectly admitting that this is just trolling on their end.