Topic: Jinn/IOTA - What is really going on? - page 5. (Read 13580 times)

Hard to believe when they were promised "profit-shares".


You saying it now (either here or in your disclosure documents) does not make it so.

1. They are not investors.
2. They will get what was promised 14 months ago.

just another get rich scam idea

You don't get it guys. You don't wait for mass-adoption after the network launch. You surf the hype and you sell at least 5-6x the ICO price, that's what happens with every good ICO coin, and IOTA token seem to be a really good one.

So, will investors who hold Jinn assets after the IOTA redemption period is over be legally transferred profit-shares?

 
Nothing special. Same as Ether :

Ether is a product, NOT a security or investment offering. Ether is simply a token useful for paying transaction fees or building or purchasing decentralized application services on the Ethereum platform; it does not give you voting rights over anything, and we make no guarantees of its future value.

https://blog.ethereum.org/2014/07/22/launching-the-ether-sale/

Ownership of ETH carries no rights express or implied. Purchases of ETH are non-refundable. Purchasers should have no expectation of influence over governance of the platform.

http://3amdeveloper.com/terms-and-conditions-of-the-ethereum-genesis-sale/

JINN is alive and well.
IOTA is 100% original, which can be proved easily. Oh and also creator of DagCoin is enthusiastic about IOTA and will security check it So keep on fudding and trolling kids.

JINN failed.
IOAT is just a copycat of DagCoin.

Your logical conclusion is wrong.

The misunderstanding regarding status of JINN arises because the lawyer recommended not to extend on JINN definition beyond one set during that dutch auction. It's part of our legal defense - to avoid answering the question just because some person who purchased JINN from the original purchasers may attempt to catch us at our word to get more rights than was planned.

So, the conditions haven't changed, if you need more info the only viable way to get it is to contact us privately (be ready to provide proof of JINN ownership).

PS: I hope you'll get the issue and will stop spreading the misinformation.

Why don't you stop lying for once.  I wasn't banned for "stalking, false accusations and death threats".  I was banned because I ask the tough questions that nobody wants to answer and have the guts to stand up to the weenie ass mods over there on NXT forum.  The mods over on NXT forum selectively enforce the rules to their liking.  Even though they state in the forum rules that insults are not allowed, they didn't have a problem with another forum member calling me "retarded".  They saw the post and didn't delete it or reprimand the poster.  Yet, they consistently took down my posts that were critical of their actions, even though my posts didn't break any of the forum rules.  Long story short, I started a poll in which I asked the community if the mods were retarded.  I never stated that they were in fact retarded, but when the poll ended, the votes came in unanimous that they were in fact "raging retards".  I will always support free speech and free elections and I can't help what the community over at NXT forum thinks about their mods.  They obviously banned me because they can't handle the truth and don't like people who ask unpopular questions.

But enough about me, let's get back to you misrepresenting Jinn / IOTA to your non-investors.


No, it's entirely in context.  Follow the link and read it yourself.

https://nxtforum.org/news-and-announcements/%28ann%29-jinn/msg156081/#msg156081

You never answered the question.  Not here and not on NXT forum.  Again, how can you say that the "terms haven't changed even once" and that people haven't lost anything, when you are now stating that what people purchased should "not be considered an investment or a cryptocurrency" when you sold it to them as "profit-shares"?

Then you should simply sign off here. Bitcointalk.org users can discuss it among ourselves.

Haven't avoided any questions. Like I said, it is clearly explained over at the nxtforum (only relevant forum for this discussion). JINN tokens always represented crypto tokens tied to the sale of hardware payed out via tokens. Since then legalities has changed in EU and so we're looking into how to best do it in accordance with the wishes of JINN holders. End of discussion. I wont continue to feed this troll.


If you want to continue the convo, take it over to nxtforum. Wont answer here again.

I don't read nxtforum, so that means nothing to me. I haven't seen any stalking on this thread at all. I've seen you avoid the questions about conversion of the JINN asset into IOTA, and the quoted promise that the JINN asset would be legally converted into profit shares.

Was that quote false or out of context?

Not at all. This is standard software sale, same way Ethereum, Augur, Gems, Voxelus etc. does it. You need to understand that this guy is a troll, he was banned for stalking, false accusations and death threats on nxtforum the day before.

Perhaps Iota folks may have started to morph the presentation of their endeavors to prospective "investors", because of this thread I did on the legality of selling unregistered shares to investors:

https://bitcointalksearch.org/topic/the-altcoin-topic-everyone-wants-to-sweep-under-the-rug-1218399

In any case, I do not take sides on this issue. I am not making any accusations of bad intentions nor intentional fraud.

If they have already raised money in the form of shares (and I have no position about whether that claim is true or not because I don't know), I will just note that per my thread above, it is seems impossible for them to now claim they are not offering an investment and have it stand up as a valid argument in a court of law w.r.t. to (at least USA) securities law.

Everybody else didn't get it.  Other people have pointed out that you are contradicting yourself and are confused.

How can you say that the "terms haven't changed even once", when you are now stating that what people purchased should "not be considered an investment or a cryptocurrency" when you sold it to them as "profit-shares"?

Go back to the forum you were just banned from and read the thread, everyone else got it.

It's a logical conclusion.  If Jinn assets are "*NOT* an investment" and after a certain date they aren't redeemable IOTA which the CEO claims is "NOT a cryptocurrency", what are they?

So it was just your guess?

What would they be left with since it is considered "*NOT* an investment" by the CEO?