POW needed for "pay" will increase over time,
did anyone calc how quick this might increase? could be a pain the ass if in just 1 years you already need to change your computer
because it takes 10 minutes to verify two transactions with a standar i3/i5 CPU
not even talking about phones for POW,
Topic: IOTA - page 269. (Read 1473405 times)
Anyone had a resolution to the Child_Harold problem. I have tried various methods to get an update of some kind but cannot seem to get a response. If anyone has some news, would appreciate an update. Thanks.
This problem has low priority, not this month for sure.
Thanks for the update.
David Sønstebø, co-founder of IOTA, discusses this next-generation post-blockchain platform designed to serve as the backbone for the Internet-of-Things (IoT).
https://soundcloud.com/arthurfalls/ether-review-69-iota-the-post-blockchain-era
https://soundcloud.com/arthurfalls/ether-review-69-iota-the-post-blockchain-era
The interview is very informative. All investors should listen to it.
Bitcoin and IOTA can coexist and should be. They work on different spaces and have different utilities and can solve different problems. A lot of platforms can coexist, I believe.
All I am hoping is that after the Bitcoin civil war ends and the miners side wins (obvious to me), those miner haters in the Bitcoin camp will come to the IOTA camp to enjoy the miner-less environment.
All I am hoping is that after the Bitcoin civil war ends and the miners side wins (obvious to me), those miner haters in the Bitcoin camp will come to the IOTA camp to enjoy the miner-less environment.
I agree. Iota can also work with both BTC and ETH very effectively via Oracles.
David Sønstebø, co-founder of IOTA, discusses this next-generation post-blockchain platform designed to serve as the backbone for the Internet-of-Things (IoT).
https://soundcloud.com/arthurfalls/ether-review-69-iota-the-post-blockchain-era
https://soundcloud.com/arthurfalls/ether-review-69-iota-the-post-blockchain-era
Bitcoin and IOTA can coexist and should be. They work on different spaces and have different utilities and can solve different problems. A lot of platforms can coexist, I believe.
All I am hoping is that after the Bitcoin civil war ends and the miners side wins (obvious to me), those miner haters in the Bitcoin camp will come to the IOTA camp to enjoy the miner-less environment.
All I am hoping is that after the Bitcoin civil war ends and the miners side wins (obvious to me), those miner haters in the Bitcoin camp will come to the IOTA camp to enjoy the miner-less environment.
Bitcoin and IOTA should be viewed differently. They share nothing in common in my opinion.
The only commonality they share is that the price caluculated on most sites is based on Bitcoin. So you can not say Bitcoin up = IOTA down and vice versa.
IOTA will establish itself from time to time so that we will see two or more different independent markets like BTC/any Altcoin and IOTA/any Altcoin.
whats the expected probablE scenario on the fork?
IOTA up / bitcoin down ?
IOTA down / bitcoin down ?
The only commonality they share is that the price caluculated on most sites is based on Bitcoin. So you can not say Bitcoin up = IOTA down and vice versa.
IOTA will establish itself from time to time so that we will see two or more different independent markets like BTC/any Altcoin and IOTA/any Altcoin.
whats the expected probablE scenario on the fork?
IOTA up / bitcoin down ?
IOTA down / bitcoin down ?
whats the expected probablE scenario on the fork?
IOTA up / bitcoin down ?
IOTA down / bitcoin down ?
Anyone had a resolution to the Child_Harold problem. I have tried various methods to get an update of some kind but cannot seem to get a response. If anyone has some news, would appreciate an update. Thanks.
This problem has low priority, not this month for sure.
Since I already got some solutions on how to get an IOTA wallet (by using an online one), my question now is, how can I be able to buy IOTA's? Of course one would say I need to convert my cash too BTC first. But once I already have BTC where can I buy these IOTA's? Should I wait for August 1 to clear itself before buying it?
>. 2x to 5x growth over a coupe of year period ? You are not a very big fan of IOTA then, I think will be x10 in 2 month, lets be realistic and not pessimistic! This is a great project that will take everybody by storms. Lets talk sense and give the benefit of the great technology this is!! Number 1 in CMC soon!
I think I am being realistic. IOTA has **DROPPED** in value by 3x in the past three months! That's hardly a bullish trend!
It's listed on only one exchange.
The wallets that exist are amateurish and buggy.
You cannot use it as a payment network pretty much anywhere.
Virtually no one has heard about it nor is using it.
The tech is unproven. Most of the miraculous claims about the tech are completely unproven and untested in the real world. It's a tinker-toy now that is supposedly going to become the Eiffel tower. That's very speculative.
I doubt it has been seriously attacked yet for vulnerabilities. It's not clear how it would respond to an attack or something like corrupted data in the 'tangle'.
Right now IOTA is priced the same as bitcoin was in March 2013. It does not at all feel as mature as bitcoin was at the same time.
How you can translate a 'dropped in value 3x in the past three months' into a bullish 10x sentiment in the next 2 is hardly what I would call 'realistic'.
I think I am being realistic. IOTA has **DROPPED** in value by 3x in the past three months! That's hardly a bullish trend!
It's listed on only one exchange.
The wallets that exist are amateurish and buggy.
You cannot use it as a payment network pretty much anywhere.
Virtually no one has heard about it nor is using it.
The tech is unproven. Most of the miraculous claims about the tech are completely unproven and untested in the real world. It's a tinker-toy now that is supposedly going to become the Eiffel tower. That's very speculative.
I doubt it has been seriously attacked yet for vulnerabilities. It's not clear how it would respond to an attack or something like corrupted data in the 'tangle'.
Right now IOTA is priced the same as bitcoin was in March 2013. It does not at all feel as mature as bitcoin was at the same time.
How you can translate a 'dropped in value 3x in the past three months' into a bullish 10x sentiment in the next 2 is hardly what I would call 'realistic'.
What you described here is exactly the state you want to buy any coin in. If you wait until all the problems are solved and everyone heard about it, it will be too late! Of course this comes with a high risk, but that is what makes the roi. (This is not an investment advice.)
Many people already talk about this!
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The quality of people gathering around Iota speaks volumes. This imho is the only project currently with a real chance to take the number 1 spot from BTC and it comes at a great time when a lot of people are disenchanted by miners' shenanigans and are already looking beyond the traditional proof of work.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BLU/13296507.html
Blue Star Capital plc
("Blue Star" or the "Company")
Update on SatoshiPay
Blue Star Capital plc (AIM: BLU), the investing company with a focus on new technologies, is pleased to announce that its investee company, SatoshiPay Ltd ("SatoshiPay"), a UK incorporated private nanopayment software and blockchain company in which Blue Star owns approximately 19 per cent of the equity (expected to increase to 31 per cent subject to completion of the further investment in SatoshiPay announced by the Company on 4 July 2017), has agreed a proof of concept project with the IOTA Foundation to explore replacing Bitcoin with an alternative cryptocurrency, IOTA, as SatoshiPay's settlement network ("Project").
Since its 2015 product launch SatoshiPay has relied on the Bitcoin network to settle nanopayments. Initially Bitcoin transaction fees were negligible at below €0.01 per transaction. Due to Bitcoin's rising popularity in 2017, combined with stalling scalability improvements, the network's transaction limit is regularly reached, leading to congestion and an increase in fees to uneconomical levels. To sustain and enhance SatoshiPay's business model based on frequent low-value payments, SatoshiPay is seeking to replace Bitcoin with a more suitable distributed ledger technology.
The IOTA network, with its token listed as 9th largest cryptocurrency on coinmarketcap.com at a market cap of €450m, offers zero-fee transactions with no limit on the number of transactions per second, making it unique among cryptocurrencies and an ideal ledger technology for SatoshiPay's future needs.
While corporate entities such as Innogy, Canonical, Bosch, Cisco and Microsoft are building IOTA prototypes focussed on the Internet of things, SatoshiPay is IOTA Foundation's first partner to build a purely web-based application.
The results of the project are expected to be available in August 2017.
Tony Fabrizi, CEO of Blue Star said: "Working with the IOTA Foundation allows SatoshiPay to explore new technology with a clear focus on scalability of its business. We are excited about the potential new opportunities that could open up from this initiative and that SatoshiPay is taking steps to optimise its business model".
SatoshiPay CEO Meinhard Benn said: "Working with the IOTA Foundation allows us to explore cutting edge technology with a clear focus on scalability and mass market roll-out. We couldn't be more excited and expect plenty of exposure and new opportunities to open up"
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").
Blue Star Capital plc
("Blue Star" or the "Company")
Update on SatoshiPay
Blue Star Capital plc (AIM: BLU), the investing company with a focus on new technologies, is pleased to announce that its investee company, SatoshiPay Ltd ("SatoshiPay"), a UK incorporated private nanopayment software and blockchain company in which Blue Star owns approximately 19 per cent of the equity (expected to increase to 31 per cent subject to completion of the further investment in SatoshiPay announced by the Company on 4 July 2017), has agreed a proof of concept project with the IOTA Foundation to explore replacing Bitcoin with an alternative cryptocurrency, IOTA, as SatoshiPay's settlement network ("Project").
Since its 2015 product launch SatoshiPay has relied on the Bitcoin network to settle nanopayments. Initially Bitcoin transaction fees were negligible at below €0.01 per transaction. Due to Bitcoin's rising popularity in 2017, combined with stalling scalability improvements, the network's transaction limit is regularly reached, leading to congestion and an increase in fees to uneconomical levels. To sustain and enhance SatoshiPay's business model based on frequent low-value payments, SatoshiPay is seeking to replace Bitcoin with a more suitable distributed ledger technology.
The IOTA network, with its token listed as 9th largest cryptocurrency on coinmarketcap.com at a market cap of €450m, offers zero-fee transactions with no limit on the number of transactions per second, making it unique among cryptocurrencies and an ideal ledger technology for SatoshiPay's future needs.
While corporate entities such as Innogy, Canonical, Bosch, Cisco and Microsoft are building IOTA prototypes focussed on the Internet of things, SatoshiPay is IOTA Foundation's first partner to build a purely web-based application.
The results of the project are expected to be available in August 2017.
Tony Fabrizi, CEO of Blue Star said: "Working with the IOTA Foundation allows SatoshiPay to explore new technology with a clear focus on scalability of its business. We are excited about the potential new opportunities that could open up from this initiative and that SatoshiPay is taking steps to optimise its business model".
SatoshiPay CEO Meinhard Benn said: "Working with the IOTA Foundation allows us to explore cutting edge technology with a clear focus on scalability and mass market roll-out. We couldn't be more excited and expect plenty of exposure and new opportunities to open up"
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR").
I just wanted to give a word of advice for people who are trying to wrap their brains around what the IOTA token 'should be worth' and it's potential for growth.
I like to think of this way.
Take the total number of IOTA tokens (talking M tokens) which is 2,777 million and divide that by the total number of bitcoin tokens there will ever be (21 million).
This means there are 132 M-iota tokens for each one bitcoin.
Since one IOTA token is, at the moment, worth 0.26 USD, that means to own a share of IOTA tokens equivalent to one bitcoin works out to $34 USD.
So, IOTA tokens are currently trading at the equivalent of a $34 bitcoin and, to wrap your brain around volatility, over the weekend it was as low as $20.
I think it is helpful to think about IOTA tokens this way. If it ever, some day, became 'as big as bitcoin is today', where 132 M-IOTA tokens would be worth $2,060, that would be an additional 60x growth.
That said, it's probably a bit too pie-in-the-sky dreaming to think that will ever be the case. I mean, it could happen, but I wouldn't count on it. I would say that this should probably just be your mental idea of 'moon' someday for IOTA.
All that said, most people would be absolutely thrilled to just see a 2x to 5x growth over a coupe of year period and if IOTA gets any traction, that probably isn't an insane expectation. It's already been 2x higher than it is now once before.
The reality is, no matter how awesome the IOTA tech is, it still needs some kind of adoption / network effect to ever go anywhere. Right now, virtually no one seems to know about it, it's only traded on one exchange, so it still feels 'very early' on this thing.
Personally, I've been a bitcoin maximalist. This is the first alt-coin I have ever made a significant financial investment in. The main reason for me is due to the fact that the underlying tech is so radically different than a conventional blockchain.
Time will tell.
I like to think of this way.
Take the total number of IOTA tokens (talking M tokens) which is 2,777 million and divide that by the total number of bitcoin tokens there will ever be (21 million).
This means there are 132 M-iota tokens for each one bitcoin.
Since one IOTA token is, at the moment, worth 0.26 USD, that means to own a share of IOTA tokens equivalent to one bitcoin works out to $34 USD.
So, IOTA tokens are currently trading at the equivalent of a $34 bitcoin and, to wrap your brain around volatility, over the weekend it was as low as $20.
I think it is helpful to think about IOTA tokens this way. If it ever, some day, became 'as big as bitcoin is today', where 132 M-IOTA tokens would be worth $2,060, that would be an additional 60x growth.
That said, it's probably a bit too pie-in-the-sky dreaming to think that will ever be the case. I mean, it could happen, but I wouldn't count on it. I would say that this should probably just be your mental idea of 'moon' someday for IOTA.
All that said, most people would be absolutely thrilled to just see a 2x to 5x growth over a coupe of year period and if IOTA gets any traction, that probably isn't an insane expectation. It's already been 2x higher than it is now once before.
The reality is, no matter how awesome the IOTA tech is, it still needs some kind of adoption / network effect to ever go anywhere. Right now, virtually no one seems to know about it, it's only traded on one exchange, so it still feels 'very early' on this thing.
Personally, I've been a bitcoin maximalist. This is the first alt-coin I have ever made a significant financial investment in. The main reason for me is due to the fact that the underlying tech is so radically different than a conventional blockchain.
Time will tell.
Nice post mate, i agree about the tech being different & will need time to grow. I've also taken a punt but not a huge one , will add as news & community grows, thats just the way i like to invest.
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