1M Jinn were created by Triangle.
Only 100k of them were sold to the public.
Of these 100k, 40,6k were given back by investors to Triangle in exchange for iota.

Thank You friend, for explication

While this makes perfect sense and it was always said that iota should be used by machines and not humans, some users might not be pleased without an ui.

Ah good then, my bad, I thought no web interface meant no gui, nevermind

I found this project today and i must say it is really promising project, bring fresh air in cryptocoin world, Dev i have a pair of questions about it

How works the reward system with it, it have pos or is pure pow?

Which will be the next target in roadmap?

thanks and keeps the god work

I didn't say Bitcoin will be safe without upgrading. I'm just saying it's not sensible to imagine that Bitcoin will not be upgraded well ahead of time, in order to deal with quantum. The topic of quantum keeps coming up repeatedly in the Bitcoin community, and everyone is well aware of its status and progress and potential threat. It will be addressed, if & when needed, according to the market's demand. I have faith in making that assumption.

Hi, I just wanted to thank you for answering my questions to the best of your ability. I did not get a chance to thank you, previously.

I still remain hugely skeptical, mainly because I think Lightning is being hugely underestimated. The Bitcoin community is pouring enormous resources into solving micro-/nano- transactions via Lightning & related technologies (Lightning is only 1 implementation; there will be multiple, competing, interoperable implementations with varying degrees of trust-minimization, and various ETAs). The peer review done so far has uncovered no major problems, and the timeline for LN is decent (I originally said 3 months for testnet; the Lightning team has just released an updated ETA of ~6 months for alpha/beta quality on mainnet!).

I also don't understand what you mean by fees not being low enough on LN. The LN's express initial purpose is to allow transactions of a few pennies (USD), aka by current exchange rate 0.0001 BTC. And, in fact, it's being designed to allow sending transactions as low as 1 satoshi (I have confirmed this with LN devs previously). This is impossible, unless the fee was simultaneously lower than 1 satoshi. In fact, the fee can be as low as 0.001 satoshis. They are actually subdividing satoshis by 1,000 in LN's design, since fees will be within that order of magnitude.

So, I'm curious what you have to say about that?

Regardless, good luck with IOTA.

After thinking about how the test should be conducted an idea came to my mind. What if the testnet becomes more popular than the mainnet? And those who didn't purchase the iotas will run their own competing version. Due to the first mover advantage they will increase their odds of world-wide adoption. Any suggestions how to solve this issue?

Will this testnet work exactly like the IOTA original? If so would it make sense to just give the IOTA buyers access to the testnet with the amount they have purchased? So there would not be any issue if the testnet would be more succesfull as the core.