Quote from: illodin on June 02, 2016, 02:13:44 PM

Quote from: Come-from-Beyond on June 02, 2016, 06:45:53 AM

Quote from: loveyouforever on June 02, 2016, 03:13:49 AM

@ALL, please start to donate to the IOTA Foundation, especially the top 50 coin holders, if the Foundation is not built up, your owned coins will be shit, you can't earn any money but lost all of your investment!!!

Why they "will be shit"?

Because they will be unusable in the network strengthened and bootstrapped by the Jinn hardware processor they were sold for. And they will be unusable in the network that will be marketed using the crowdsale funds.

Quote from: iotatoken on November 25, 2015, 02:05:51 PM

Purpose of the crowdsale

Development. The crowdsale funds will be used for further development and finalization of the IOTA software as well as development of the Jinn hardware processor which will strengthen and help bootstrap the network in its growing phase. Additionally funds will be used on marketing efforts to help nurture the growth of the IOTA network and community.

Prevent hoarding whales from stifling the project. If the tokens had not been sold but instead distributed through a sign-up scheme or mining of some sort, centralization would inevitably arise and usage of sybil type strategies would cheat the system.

Kickstart the ecosystem. As these tokens exist in limited quantity and every single one of them is sold in this exclusive crowdsale, it is imperative that the people who end up with them value their utility and functionality in such a manner that they have an incentive keep them useful and valuable. This is absolutely vital for organic growth of IOTA.

Precisely. The smarter IOTA investors start realizing that the two scammers won't deliver anything from the deliverables.