Post
Topic
Board Altcoin Discussion
Re: Jinn/IOTA - What is really going on?
by
TPTB_need_war
on 05/12/2015, 09:01:52 UTC
As I anticipated:

Edit: knowing that you are operating under EU securities law, readers should be cognizant of the fact that you will I assume be required to limit discussion around such legal issues to certain presentations. Thus readers perhaps could consider not to necessarily interpret presentations as deception (but again I can't advise anyone and each reader should consult their own attorney). Again I am not well versed on all the specific accusations against Iota/JINN raised in this thread and have no opinion on those accusations. I was merely sharing my layman's musings (IANAL) about cryptocurrency securities law status in general.

...

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.

...

PS: I hope you'll get the issue...

The legalese complication of straightforward understanding of Iota, it purpose, function, and adoption comes across as dilutive to marketing in terms of the way I would approach it.

I have never found that grand merger of disparate areas (e.g. a cryptocurrency with some complex hardware plans) hits the sweet spot.

I would not involve my serious software endeavors in such distractions.

To hit the sweet spot of cryptocurrency is going to require laser beam focus on adoption.

(oh so why I am bothering to comment here then! whoops)

Seems you all got yourselves into this misunderstanding by weaving complexity which requires legalese.

Grief my father is an attorney, but I try to steer my plans as far from needing legal input as possible. I released some code modules recently and declared the license to be the Unlicense.

It is going to be interesting to watch how this turns out. I think it will end up being yet another confirmation of Murphy's Law and the subtracted value of selling basketball shoes bundled with basketball rimscourts.

Marketing 101. Observe what I do.