This is an unmoderated thread to discuss Jinn/IOTA and to figure out the truth of what is really happening.
Originally, Jinn assets were sold on the NXT exchange under the premise that they would turn into legal "profit-shares" that would be distributed to the asset holders.
https://nxtforum.org/news-and-announcements/%28ann%29-jinn/msg156081/#msg156081
Instead we'll ask everyone who holds Jinn tokens to give us their contact information (we'll need this in preparation for the legal transfer of profit-shares in the near future anyway) where we'll answer more intricate questions, without opening ourselves up for scruitiny from every angle imaginable in public.
Then it was decided that these Jinn assets wouldn't entitle their holders to a share of the profits, but instead they would be redeemable for a cryptocurrency called IOTAs.
IOTA - JINN SWAP
Then, it was declared that IOTA wasn't really a cryptocurrency.
https://nxtforum.org/news-and-announcements/iota-jinn/msg201723/#msg201723
Then, it was declared that IOTA shouldn't be considered an investment.
https://nxtforum.org/news-and-announcements/iota-jinn/msg201628/#msg201628
Why does David/Uniqueorn/Triangle/iotatoken keep changing the terms of the arrangement with investors? How can he say that people haven't lost anything when what is being given to them, "a non-cryptocurrency, non-investment", is different from what was originally promised, "profit-shares"?
JINN failed.Originally, Jinn assets were sold on the NXT exchange under the premise that they would turn into legal "profit-shares" that would be distributed to the asset holders.
https://nxtforum.org/news-and-announcements/%28ann%29-jinn/msg156081/#msg156081
Quote from: Triangle
Instead we'll ask everyone who holds Jinn tokens to give us their contact information (we'll need this in preparation for the legal transfer of profit-shares in the near future anyway) where we'll answer more intricate questions, without opening ourselves up for scruitiny from every angle imaginable in public.
Then it was decided that these Jinn assets wouldn't entitle their holders to a share of the profits, but instead they would be redeemable for a cryptocurrency called IOTAs.
IOTA - JINN SWAP
Quote from: Triangle
We are happy to finally be able to share the details surrounding the JINN to IOTA conversion. The JINN tokens will be locked at the fixed value of 0.0063 BTC, the reasoning behind this is that we offer this conversion primarily for those that did not understand what they bought when they bought JINN. This was the value on the time of the sale and thus ensures that absolutely no one lost anything on their purchase of JINN tokens.
Then, it was declared that IOTA wasn't really a cryptocurrency.
https://nxtforum.org/news-and-announcements/iota-jinn/msg201723/#msg201723
Quote from: Triangle
IOTA should not be considered a cryptocurrency, even if it may have been described as that by us or others previously.
Then, it was declared that IOTA shouldn't be considered an investment.
https://nxtforum.org/news-and-announcements/iota-jinn/msg201628/#msg201628
Quote from: Triangle
IOTA should also not be considered an investment. There is absolutely no guarantee that the IOTA that you purchase will increase in value. Instead you need to consider that over time it may decrease in value.
https://nxtforum.org/news-and-announcements/iota-jinn/msg201890/#msg201890Quote from: Triangle
Yes. It's *NOT* an investment.
Why does David/Uniqueorn/Triangle/iotatoken keep changing the terms of the arrangement with investors? How can he say that people haven't lost anything when what is being given to them, "a non-cryptocurrency, non-investment", is different from what was originally promised, "profit-shares"?
IOAT is just a copycat of DagCoin.
