IOTA - page 358. | Bitcointalksearch.org

hellsingfan

sr. member

Activity: 258

Merit: 250

Quote from: ?? on ??

SERIOUSLY?!

WHERE ARE ALL THE SPAMMERS AND ATTACKERS!

"IOTA SPAMMERS" IS FAKE NEWS!

THERE ARE AND NEVER WILL BE!

DON'T TRUST THE LIES!

I BOUGHT IOTA BECAUSE I HEARD THAT THERE WERE GOING TO BE SPAMMERS WHO WOULD HELP ME MAKE MY TRANSACTIONS FASTER AND I WAS LIED TO!!!!

I WANT MY MONEY BACK SCAMMERS!!!!

lol. Everyone is more on the testnet rather than mainnet. If you invested without knowing whats going on then just never invest.

IOTA is the only coin that is building/developing BEFORE releasing into exchange. This is why its not on exchanges and not talked about much. When it is released it will be well developed and price will shoot out of the gate. This is the most promising piece of tech which is not 'blockchain'.

teletobi

hero member

Activity: 734

Merit: 500

Quote from: John_Paul on April 28, 2017, 12:14:58 PM

Quote from: teletobi on April 28, 2017, 11:18:18 AM

Quote from: drawingthesun on April 28, 2017, 11:12:17 AM

IOTA promises 0 fees.
What is to stop someone from spamming gigabytes of tx data or billions of transactions a second into the IOTA DAG?

You have to do the PoW for the Transactions.
And anyway, spamming is good for IOTA, as every transaction confirms two other transactions. Right now with not so many transactions, the Community is forced to spam the Network. The more Spam, the faster the Network.

The PoW in IOTA is small enough for the users not to feel any burdens becasue they benefit from those transactions such as making money and doing business. But the PoW in IOTA is big enough for the attackers to feel huge burdens becasue to make impacts, the spamming attackers have to make huge amount of transactions like you mentioned in billions of transaction. The cost of the PoW of the billions or huge amount of transactions will be pretty huge for the attackers becasue it is pure cost for the attackers.

But there's anyway no benefit for the Attackers. Whenever they spam, they help the Network.

John_Paul

sr. member

Activity: 269

Merit: 250

Quote from: teletobi on April 28, 2017, 11:18:18 AM

Quote from: drawingthesun on April 28, 2017, 11:12:17 AM

IOTA promises 0 fees.
What is to stop someone from spamming gigabytes of tx data or billions of transactions a second into the IOTA DAG?

You have to do the PoW for the Transactions.
And anyway, spamming is good for IOTA, as every transaction confirms two other transactions. Right now with not so many transactions, the Community is forced to spam the Network. The more Spam, the faster the Network.

The PoW in IOTA is small enough for the users not to feel any burdens becasue they benefit from those transactions such as making money and doing business. But the PoW in IOTA is big enough for the attackers to feel huge burdens becasue to make impacts, the spamming attackers have to make huge amount of transactions like you mentioned in billions of transaction. The cost of the PoW of the billions or huge amount of transactions will be pretty huge for the attackers becasue it is pure cost for the attackers.

zanzibar

hero member

Activity: 715

Merit: 500

Quote from: drawingthesun on April 28, 2017, 11:12:17 AM

IOTA promises 0 fees.

What is to stop someone from spamming gigabytes of tx data or billions of transactions a second into the IOTA DAG?

As others have said, Iota encourages spamming, and thus discourages bad actors from spamming, because they are essentially helping the network by doing so. Tangle in many ways is the opposite of Blockchain. The more tx, the faster the network.

50cent_rapper

legendary

Activity: 1344

Merit: 1000

Quote from: drawingthesun on April 28, 2017, 11:12:17 AM

IOTA promises 0 fees.

What is to stop someone from spamming gigabytes of tx data or billions of transactions a second into the IOTA DAG?

Yes, iota need spamming, the more spamming - the faster is confirmation times.
Please ask "someone" to start spamming gigabytes of tx data as soon as possible.

teletobi

hero member

Activity: 734

Merit: 500

Quote from: drawingthesun on April 28, 2017, 11:12:17 AM

IOTA promises 0 fees.

What is to stop someone from spamming gigabytes of tx data or billions of transactions a second into the IOTA DAG?

You have to do the PoW for the Transactions.
And anyway, spamming is good for IOTA, as every transaction confirms two other transactions. Right now with not so many transactions, the Community is forced to spam the Network. The more Spam, the faster the Network.

drawingthesun

legendary

Activity: 1176

Merit: 1015

IOTA promises 0 fees.

What is to stop someone from spamming gigabytes of tx data or billions of transactions a second into the IOTA DAG?

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: elelegzet on April 28, 2017, 04:00:26 AM

Quote from: achimsmile on April 28, 2017, 02:59:28 AM

Quote from: Makka on April 28, 2017, 02:48:47 AM

Can someone share an estimate how much IOTA raised? How much is the regular price (without bonus). And how much is it sold right now in slack? I just want an estimated view before joining there.

The ICO raised ~ 1337 BTC for 2'779'530'283'277'761 iotas, which equates to 0,48 microBTC / Mi

Current price is around 30 microBTC / Mi: http://iotaprice.com/

It was 6 microBTC / Mi not so long ago. And we can easily come back to that as long as this great project need a lot more time before it goes live on major exchanges )

This is why dollar cost averaging is your friend.

elelegzet

hero member

Activity: 749

Merit: 501

🌟 COMSA ICO: 10/02/17 🌟

Quote from: achimsmile on April 28, 2017, 02:59:28 AM

Quote from: Makka on April 28, 2017, 02:48:47 AM

Can someone share an estimate how much IOTA raised? How much is the regular price (without bonus). And how much is it sold right now in slack? I just want an estimated view before joining there.

The ICO raised ~ 1337 BTC for 2'779'530'283'277'761 iotas, which equates to 0,48 microBTC / Mi

Current price is around 30 microBTC / Mi: http://iotaprice.com/

It was 6 microBTC / Mi not so long ago. And we can easily come back to that as long as this great project need a lot more time before it goes live on major exchanges )

achimsmile

legendary

Activity: 1225

Merit: 1000

Quote from: Makka on April 28, 2017, 02:48:47 AM

Can someone share an estimate how much IOTA raised? How much is the regular price (without bonus). And how much is it sold right now in slack? I just want an estimated view before joining there.

The ICO raised ~ 1337 BTC for 2'779'530'283'277'761 iotas, which equates to 0,48 microBTC / Mi

Current price is around 30 microBTC / Mi: http://iotaprice.com/

Makka

sr. member

Activity: 594

Merit: 253

Can someone share an estimate how much IOTA raised? How much is the regular price (without bonus). And how much is it sold right now in slack? I just want an estimated view before joining there.

teletobi

hero member

Activity: 734

Merit: 500

Quote from: jiannis78 on April 27, 2017, 04:28:21 PM

Buy IOTA it's possible?

Yes, at YassinDEX Slack. Pm me your email, i can invite you.

jiannis78

sr. member

Activity: 371

Merit: 250

Buy IOTA it's possible?

John_Paul

sr. member

Activity: 269

Merit: 250

Quote from: zanzibar on April 27, 2017, 11:28:19 AM

Quote from: statdude on April 27, 2017, 10:19:32 AM

So is BYTE IOTA's biggest competitor
Which is better? Shocked

I'm not sure Byteball is a competitor at this point:
Byte exists exclusively in cryptoland, has a dev team of 1 or 2 and mainly speculator users, but it's on exchanges.
Iota has a Foundation of 15 members, Core Dev team of 5 (that we know about), and dozens of business partners as well as mainstream conference presentations. But because it's not on crypto exchanges, some people think it's on par with Byte.

IOTA and Byteball are apple and orange. They are very different and are not comparable. IOTA is targeting the IoT payment market while Byteball is targeting the financial assets (such as stocks, bonds) trading market as mentioned in its website. Their transaction validation systems are totally different. IOTA uses the users(transaction makers) as the transaction validators while Byteball uses the witnesses as the validators. In IOTA the transaction makers and validatiors are same party while in Byteball the transaction makers and validatiors are separte two parties. IOTA used Tangle as its distributed ledger while Byteball uses its own different ledger.

quasimodo

legendary

Activity: 2703

Merit: 1179

Reflinks und User die solche posten sind Scheisse

Quote from: MoneyTeam on April 27, 2017, 11:54:36 AM

can someone help me with claiming my iotas from the old seed to this new adress i think in june it wont be possible anymore ? thank you

Follow the steps of iotasupport.com

http://www.iotasupport.com/claimingyouriota.shtml

MoneyTeam

newbie

Activity: 42

Merit: 0

can someone help me with claiming my iotas from the old seed to this new adress i think in june it wont be possible anymore ? thank you

zanzibar

hero member

Activity: 715

Merit: 500

Quote from: statdude on April 27, 2017, 10:19:32 AM

So is BYTE IOTA's biggest competitor

Which is better? Shocked

I'm not sure Byteball is a competitor at this point:

Byte exists exclusively in cryptoland, has a dev team of 1 or 2 and mainly speculator users, but it's on exchanges.

Iota has a Foundation of 15 members, Core Dev team of 5 (that we know about), and dozens of business partners as well as mainstream conference presentations. But because it's not on crypto exchanges, some people think it's on par with Byte.

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: statdude on April 27, 2017, 10:19:32 AM

So is BYTE IOTA's biggest competitor

Which is better? Shocked

From my research so far they are apples to oranges, they are both strong contenders and probably going to end up as duel kings of DAG crypto.

IOTA = Internet of things.
Byteballs = DAG for people, smart contracts.

At the moment IOTA is worth $116 million, essentially a top ten crypto in terms of market cap. To me this tells me the marketcap is mature.

I have bought a few IOTA although not too many as the marketcap is already huge.

IOTA is designed for the internet of things and attempts to allow the internet of things to transfer value fast and without the scaling limits of a blockchain.

Then we have Byteballs which isn't aimed at IoT but rather being a DAG crypto for the people with smart contracts.

Importantly the marketcap of Byteballs is quite small and not as huge as IOTA.

I would say that Byteballls is an early stage DAG crypto and IOTA a late stage fully mature DAG crypto.

statdude

legendary

Activity: 1498

Merit: 1000

So is BYTE IOTA's biggest competitor

Which is better? Shocked

youyou_

hero member

Activity: 596

Merit: 500

Quote from: drawingthesun on April 27, 2017, 06:00:59 AM

How much of the supply does the dev team hold?

100% of token have been distributed to investors. The devs invested with their own money and got tokens distributed like any other investor.

Also a foundation was build with investors donation: https://forum.iotatoken.com/t/iota-foundation-announcement/174

Topic: IOTA - page 358. (Read 1473405 times)