Quote from: altcoinUK on February 27, 2016, 03:59:04 PM

Quote from: cryptohunter2 on February 27, 2016, 01:26:29 AM

I see you question the ability to create a new processor to rival or surpass the likes of intel or samsung. This seems a reasonable thing to question.

Not only reasonable, but the only rational act is to question that.

Remember, these scammers lured out money from the idiots via the JINN scam by promising that they deliver a revolutionary, game changer, disruptive microprocessor. Intel, Motorola, TI, Samsung, etc. with their combined 10 billion $ per year R&D budget weren't able to deliver such radically new design. Does anyone apart from the idiots who invested in JINN/IOTA seriously suggests that the two scammers from Norway and Belarus will deliver what Intel couldn't?

One of those country side, remote buildings in this picture is David boy's momma's basement in Hvittingfoss, Norway. One of those country side buildings is the great IOTA/JINN office. Really? The JINN idiots invested in this wanker, so he can take on on Intel with his ZERO employee business from that country side place. As I said, this scam is more than pathetic.

http://i.imgur.com/AsUD1eD.png

Quote from: cryptohunter2 on February 27, 2016, 01:26:29 AM

Does the entire concept of IOTA rely on this processor to function~? I mean IOTA will not be able to function on your usual windows 7 pc like other coins?

The question is not whether the IOTA token works or not? The question is, can these wankers from their momma's basement deliver an IoT business? There is no point to repeat my posts so please read my posts with regards to this, but briefly:
- they have zero experience in IoT. Remember, David boy is in his twenties (B.D. 1989) and he has never delivered any commercial solution. His zero employee business operates from his momma's basement.
- they do not have any IoT system nor the experience and expertise to create one
- there is no monetization rout for digital currencies in the IoT sector at this moment in time (I explained why and anyone who has ever done anything with IoT understands that)
- just as I predicted, they made zero progress in selling their IoT solution (which is not a surprise as they do not have any). During the last 4 months, only progress they made is forming a "partnership" with the Hong Kong based chainofthings group which is a completely irrelevant non-entity in the IoT sector. They have made zero partnership with any IoT solution provider. Zero comemrcial deals. None. Zero revenue - except the money the lured out from the idiots. In the IoT world nobody cares about these scammers. As I pointed out, the blockchain technology and digital currency is not what commercial IoT providers are interested in. No wonder the Ethereum hype about IBM's ADEPT is a dead end proposition (see my post about it in the Viacoin thread at https://bitcointalk.org/index.php?topic=699278.msg13967127#msg13967127 ).
- when they collected the money, the Belarusian scammer promised that a GUI will come by Christmas with chat functions, etc. Of course they delivered nothing, which is very much in line with the absolutely non-delivery of JINN.

Are you serious at the slightest not realizing that David boy couldn't even handle the simple project management task of GUI design, but you are assuming that he can create and manage a serious IoT business?

It is more than run the solution on a Windows 7 PC. I understand the idiots and wannabe rich greedy "investors" don't care about IoT (they just want to make profit at the expense of even more idiot noobs), but David boy's scam main theme was IoT. That is one reason the scammer boy will have to go to jail.

Since I have zero technical knowledge or skils in the crypto arena my questions may seem unreasonable or strange. I just heard a few years ago you could use your 7950 to mine £. So i discovered LTC and later other alts. This worked out okay for me but should have worked a lot better since I held all my alts too long and sold only a few.

My questions sadly come from a profiteering pov only and perhaps a greedy one at that since I would gladly turn a profit in the free market against others fighting it out by the same rules. I know many are here perhaps for the love of the technology itself and although I find it interesting I still like to turn some into £ to buy things I like.

So IOTA token (which i missed the crowd sale of somehow -must have been a short lived affair) was of interest to me because in my limited knowledge I had assumed based on reading a few things from other coders on here that there was something new about this token that could help solve some of the flaws or improve upon some of the flaws in other crypto currency. At least there were none reading about IOTA and saying it was a pile of sh*t. So perhaps worth a gamble.

I would not have invested a lot perhaps 0.25 Btc as a gamble only. Not because I have the understanding and appreciation of the workings of iota token...rather just at the hope of turning a profit if things worked out well.

I am just wondering if there was no JINN or whatever and no Internet of things with it. If iota token could be used as other crypto currencies but without perhaps some of the issues they face when adopted by many people and number of transactions increase to a high level. If this is a completely crazy question and IOTA tokens functioning is actually based on these other things like the development of a mega microprocessor or something like that then I didn't really understand anything about the project.

It's kind of hard to make good gambling choices when you don't understand the things you are gambling on. However so far with having no knowledge I have made more money that I thought I would have and that's fine by me.