Topic: [IMPS] abandoned project from 2018-06-23. (Read 1689 times)

Quote from: Mikelorr on June 18, 2018, 05:14:13 PM

73 transactions per second won't get you anywhere if you want to be a micro transaction payment system and serve the world as the go to platform.

Depends on the use case, can act as a local currency to serve as micro transaction.
Also we can make Layer-2 solution to solve the issue.

You can say the same to bitcoin as it is, 7 transactions per seconds can't serve humankind.. can't even serve an middle size town.

Any blockchain project is in the same boat regarding scalability so stop try to pick on our project.

Sincerely IMPS

Which by the way is true. In its current form Bitcoin can do shit. With Layer-2 solutions things will change, but then the question is why should someone use your network and not Bitcoin?

Transaction Fees

In the long run I am confident the Bitcoin developers will manage to lower the Bitcoin tx fee close to zero.

Coin is dead

OZmaster

sr. member

Activity: 804

Merit: 251

Quote from: ttargett on June 21, 2018, 06:50:37 AM

73 transactions per second won't get you anywhere if you want to be a micro transaction payment system and serve the world as the go to platform.

Depends on the use case, can act as a local currency to serve as micro transaction.
Also we can make Layer-2 solution to solve the issue.

You can say the same to bitcoin as it is, 7 transactions per seconds can't serve humankind.. can't even serve an middle size town.

Any blockchain project is in the same boat regarding scalability so stop try to pick on our project.

Sincerely IMPS

Which by the way is true. In its current form Bitcoin can do shit. With Layer-2 solutions things will change, but then the question is why should someone use your network and not Bitcoin?

Transaction Fees

In the long run I am confident the Bitcoin developers will manage to lower the Bitcoin tx fee close to zero.

ONEADev

newbie

Activity: 154

Merit: 0

Isn't lightning network able to send microtransaction payments as well for free? Afaik they can do as low as 1/10 of satoshi payments.

IMPS main developers have decided to abandon the project from 2018-06-23.
Anyone who wants to continue the project and the blockchain development see below.

All files you can download here to continue the project:
https://ufile.io/y9ran

The link above is valid under 2018-07-22.

We have decided to focus on other projects. Also we understand that our project have to little team to compete with out competitors.

Kindly withdraw all you funds from https://missexchange.com

Best Regards IMPS Dev

ttargett

full member

Activity: 173

Merit: 100

Isn't lightning network able to send microtransaction payments as well for free? Afaik they can do as low as 1/10 of satoshi payments.

ONEADev

newbie

Activity: 154

Merit: 0

Quote from: Mikelorr on June 19, 2018, 05:11:34 PM

All we need now is a block explorer with rich list, discord channel and an exchange like crex24 or stocks.exchange.

We will try to get some Exchange listings and actually applied for many Exchanges. But many of the Exchanges are very expensive, absurd and greedy.

Regarding update block explorer i will look into this and update current so we can get richlist aswell!

Best Regards IMPS

ONEADev

newbie

Activity: 154

Merit: 0

Quote from: Mikelorr on June 18, 2018, 05:14:13 PM

73 transactions per second won't get you anywhere if you want to be a micro transaction payment system and serve the world as the go to platform.

Depends on the use case, can act as a local currency to serve as micro transaction.
Also we can make Layer-2 solution to solve the issue.

You can say the same to bitcoin as it is, 7 transactions per seconds can't serve humankind.. can't even serve an middle size town.

Any blockchain project is in the same boat regarding scalability so stop try to pick on our project.

Sincerely IMPS

Which by the way is true. In its current form Bitcoin can do shit. With Layer-2 solutions things will change, but then the question is why should someone use your network and not Bitcoin?

Transaction Fees

Trasactions fees is one of the reasons, other things are Bitcoin code is kind of centralized which postpones and slow downs innovation. Scalability issue could be resolved couple of years ago. There is just a few Contributors that actually are truly involved in the Bitcoin code.

But if you think Bitcoin will be the only cryptocurrency out there and no one will compete or outrun Bitcoin you are just foolish. Bitcoin will not last forever, there will be another cryptocurrency that will outrun Bitcoin when it comes to scalability, adoption and transaction speed (TPS) and zero/low transaction fees if they not fix this Layer2 solution very soon and get great adoption.

And no, i don't say that this is our project. We are just one of the actors on an open market. Anyone can start a new altcoin and try to compete.

But honestly, you should start questioning the existing actors (such as Bitcoin - current 4-7 TPS and Ethereum 15 TPS) and then start talking about adoptiong and scalability. Another thing is transaction fees (not even gonna cover that in this message)

Best Regards IMPS

Mikelorr

member

Activity: 254

Merit: 10

All we need now is a block explorer with rich list, discord channel and an exchange like crex24 or stocks.exchange.

Mikelorr

member

Activity: 254

Merit: 10

73 transactions per second won't get you anywhere if you want to be a micro transaction payment system and serve the world as the go to platform.

Depends on the use case, can act as a local currency to serve as micro transaction.
Also we can make Layer-2 solution to solve the issue.

You can say the same to bitcoin as it is, 7 transactions per seconds can't serve humankind.. can't even serve an middle size town.

Any blockchain project is in the same boat regarding scalability so stop try to pick on our project.

Sincerely IMPS

Which by the way is true. In its current form Bitcoin can do shit. With Layer-2 solutions things will change, but then the question is why should someone use your network and not Bitcoin?

Transaction Fees

OZmaster

sr. member

Activity: 804

Merit: 251

73 transactions per second won't get you anywhere if you want to be a micro transaction payment system and serve the world as the go to platform.

Depends on the use case, can act as a local currency to serve as micro transaction.
Also we can make Layer-2 solution to solve the issue.

You can say the same to bitcoin as it is, 7 transactions per seconds can't serve humankind.. can't even serve an middle size town.

Any blockchain project is in the same boat regarding scalability so stop try to pick on our project.

Sincerely IMPS

Which by the way is true. In its current form Bitcoin can do shit. With Layer-2 solutions things will change, but then the question is why should someone use your network and not Bitcoin?

ONEADev

newbie

Activity: 154

Merit: 0