Topic: I O T A -- David Sønstebø held an impromptu AmA on Discord (Read 125 times)

David Sønstebø held an impromptu AmA on Discord. Here's all questions and answers.


"I  the foundation is stepping back from their 'training wheel' involvement with the Tangle ecosystem. I say this after witnessing CfB stating he isn't coming to Discord while also moving focus from the tangle to Jinn. Dom and David scaling back their level of communication."
We aren't really scaling back, just about priority of time
"Do you think IOTA could help with Brexit? The supply chain solutions IOTA enables could solve some of the major problems of Brexit. Mainly I'm thinking of the issue of the Northern Ireland border and the Single Market. Keep up the great work, and thankyou"
I still don't think Brexit will actually happen, at least not in any real capacity, the negotiations thus far is entirely symbolic. I'm not an expert on Northern Ireland vs rest of UK politics, so I'll refrain from issuing a superficial comment
"Where do you see yourself in 5 years?"
5 years is too far into the future to make any reasonable prediction, anyone who thinks they can even predict next week is a charlatan in my mind
"Do you have any targets for confirmation rate and CTPS over the next 3,6 and 12 months?"
definitely, we are aiming for 100-1000 CTPS by end of 2018, before going Uncoordinated mode where there is no actual limit
"when do you think we will be independent from btc? 2018?"
Define 'independent from btc', as all these new exchanges are listing IOTA we will naturally be a lot less 'tied' to bitcoin, however, as long as bitcoin is the de facto 'meta metric' to the majority of traders, it will still impact the entire crypto space
"Can you tell us any thing (even vaguely if you must) ABOUT PROJECT Q?"
Q will be quite the quaint upgrade
"what two things in the pipeline are you most excited about?"
Only two? Hmm.... CognIOTA is a big one, Q of course (but let's exclude it for the sake of this discussion), the next phase of phasing out the Coordinator
"How many Fullnodes we will need in future and will there be solution to have a full node very easy installation. At the moment its on limit for me and i am a non programmer. I did it. but I think the potential would be more huge if its more easy. But also quality before quantity should be also."
Full node demand depends on demand on the network, but we are making it as easy as possible. We are operating with the principle that even a "grandma on crack" should be able to do it, same with Trinity wallet
"What do you think about Power Ledger?"
I haven't had time to look deep into Power Ledger, however as a general comment I will say that it is redundant. IOTA can provide the same, except then it is part of a larger ecosystem. Imagine having to acquire milk tokens, bread tokens, beer tokens, chicken tokens, frozen pizza tokens etc. when going grocery shopping. The overhead would cause too much friction. It is the same with any economic system. IOTA's goal is to become cash equivalent; fungible value settlements
"With increasing talk of moving to Network bound PoW does that mean that the ternary asic in every iot device is no longer the plan?"
No, N-PoW will be elucidated soon, it does not depend on a specific ASIC
"IBM and shipping giant Maersk launch blockchain company for global logisics. Any chance for IOTA?"
definitely. Maersk and IBM are first tackling the trade finance, bill of lading etc. issues, but IBM/Linux' Hyperledger cannot do the fine granular data integrity etc.
"Will you implement some kind of distributed coordinator before mid 2018?"
from the looks of it, yes
"Do you think there will be a problem with replacing cash with IOTA, as people would rather hodl on to their iotas than spend because of expected value increase?"
I don't see IOTA (or crypto in general) as a replacement to cash. I see it as a supplement. IOTA can do things that cash can't, but on the front-end regular users will still be able to relate to their native currencies
"do you Think the current market crash is Over?"
everyone know that I hate speculation and consider anyone that pretend to predict the future as a charlatan. I'll make a general comment: even if the crypto 'bubble' were to burst, I still believe the genuine projects that are actually building serious technology and serious relationships with companies will continue to grow. This is the case with all bubbles, whether it is the gold rush, dotcom, social media, nano tech or wtf. The serious entities prospered more than they did at the peak of the 'bubble'