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Topic: IOTA - page 407. (Read 1473405 times)

sr. member
Activity: 378
Merit: 250
January 11, 2017, 06:02:21 AM
Bitcoin/Ethereum have PoW, which cant be easily reproduced, but Iota has no such thing, it can easily be cloned, and tokens distributed at will. Bitcoins are generated, so cannot be distributed without investing alot of time or hardware up front.

Clone bitcoin and set a fixed mining difficulty to 1 and the premine them all. I can distribute all of them at will as well.

Besides, IOTA does use PoW. Just no block reward.
"and then premine them all", are you daft?

That is how most alt-coins work, its just that "premine them all", or at least 16million would take you 9 years or more.

Please read the highlighted text again.
What you have made is not a bitcoin clone. A shit altcoin instead.

ALSO, IOTA is reddit.com/r/bitcoin full of censorship and groupthink, it wont succeed because of this close-minded, authoritarian approach.
legendary
Activity: 1225
Merit: 1000
January 11, 2017, 05:58:46 AM
Bitcoin/Ethereum have PoW, which cant be easily reproduced, but Iota has no such thing, it can easily be cloned, and tokens distributed at will. Bitcoins are generated, so cannot be distributed without investing alot of time or hardware up front.

Clone bitcoin and set a fixed mining difficulty to 1 and the premine them all. I can distribute all of them at will as well.

Besides, IOTA does use PoW. Just no block reward.
"and then premine them all", are you daft?

That is how most alt-coins work, its just that "premine them all", or at least 16million would take you 9 years or more.

Please read the highlighted text again.
legendary
Activity: 2142
Merit: 1010
Newbie
January 11, 2017, 05:58:08 AM
That is how most alt-coins work, its just that "premine them all", or at least 16million would take you 9 years or more.

If you have 1 BTC we could bet that I can generate 16M clone-bitcoins much faster...
sr. member
Activity: 378
Merit: 250
January 11, 2017, 05:40:11 AM
Bitcoin/Ethereum have PoW, which cant be easily reproduced, but Iota has no such thing, it can easily be cloned, and tokens distributed at will. Bitcoins are generated, so cannot be distributed without investing alot of time or hardware up front.

Clone bitcoin and set a fixed mining difficulty to 1 and the premine them all. I can distribute all of them at will as well.

Besides, IOTA does use PoW. Just no block reward.
"and then premine them all", are you daft?

That is how most alt-coins work, its just that "premine them all", or at least 16million would take you 9 years or more.
legendary
Activity: 1225
Merit: 1000
January 11, 2017, 05:08:28 AM
Bitcoin/Ethereum have PoW, which cant be easily reproduced, but Iota has no such thing, it can easily be cloned, and tokens distributed at will. Bitcoins are generated, so cannot be distributed without investing alot of time or hardware up front.

Clone bitcoin and set a fixed mining difficulty to 1 and the premine them all. I can distribute all of them at will as well.

Besides, IOTA does use PoW. Just no block reward.
sr. member
Activity: 378
Merit: 250
January 11, 2017, 04:32:43 AM
You still didnt answer my question though, there is no incentive for a corporation to connect to your nodes and use your tangle, instead of making their own.

This can be a general question for all cryptocurrencies such as bitocoin and ethereum. The main advantage for public crypto network like bitcoin, ethereum and iota is their lower cost and higher efficiency when comparing to their private counterparts. For instance, the payment/tansactional settlement cost and data storage cost can be much cheaper in a public network than a private network. The entry barrier in a public network is much lower than a private one. Lower cost and higher efficiency can be translated into profit which is the ultimate goal for the companies.

That is why many people believe that the private blockchain (blockchain/bitcoin without coins ) will not work because it will lose the advantage of lower cost. Whence a company loses the advantage of lower cost it will lose the competition in the marketplace. Maybe in the future the private chains and public chains will co-exist. But public chains will still be the dominant force in the market simply because they are cheaper and more efficient, maybe similar to today's internet and intranet.    
There are differences to bitcoin and etherun vs Iota. Bitcoin/Ethereum have PoW, which cant be easily reproduced, but Iota has no such thing, it can easily be cloned, and tokens distributed at will. Bitcoins are generated, so cannot be distributed without investing alot of time or hardware up front.

Security is an issue on public networks, connecting any of your systems to the internet is opening it up for abuse and dealing with those extra costs. Private networks, firewalls and all-things internal-to-enterprise servers exist for this reason. The entry to public is higher than private.

Your argument is true for blockchain based PoW systems where distribution happens over time, but not for Iota.

ALSO, IOTA is reddit.com/r/bitcoin full of censorship and groupthink, it wont succeed because of this close-minded, authoritarian approach to criticism and questions.
sr. member
Activity: 332
Merit: 252
January 10, 2017, 11:38:54 PM
You still didnt answer my question though, there is no incentive for a corporation to connect to your nodes and use your tangle, instead of making their own.

This can be a general question for all cryptocurrencies such as bitocoin and ethereum. The main advantage for public crypto network like bitcoin, ethereum and iota is their lower cost and higher efficiency when comparing to their private counterparts. For instance, the payment/tansactional settlement cost and data storage cost can be much cheaper in a public network than a private network. The entry barrier in a public network is much lower than a private one. Lower cost and higher efficiency can be translated into profit which is the ultimate goal for the companies.

That is why many people believe that the private blockchain (blockchain/bitcoin without coins ) will not work because it will lose the advantage of lower cost. Whence a company loses the advantage of lower cost it will lose the competition in the marketplace. Maybe in the future the private chains and public chains will co-exist. But public chains will still be the dominant force in the market simply because they are cheaper and more efficient, maybe similar to today's internet and intranet.    

Actually NEM does this very well with their private chain mijin. 

Get the company to test the waters with mijin, then once comfortable ... can also interact with the NEM public chain.
member
Activity: 169
Merit: 10
January 10, 2017, 08:25:21 PM
Two sound bites from Smart City Expo World Congress 2016 http://www.smartcityexpo.com

Intelligent Assets, how the IoT is enabling the Circular Economy to develop at a much faster pace than it ever could without ICT and the IoT in telemetry.
https://www.youtube.com/watch?v=zXnx3lq4OQ8&t=22m33s

Cars are parked 95% of the time.
https://www.youtube.com/watch?v=zXnx3lq4OQ8&t=23m50s
sr. member
Activity: 269
Merit: 250
January 10, 2017, 08:17:58 PM
You still didnt answer my question though, there is no incentive for a corporation to connect to your nodes and use your tangle, instead of making their own.

This can be a general question for all cryptocurrencies such as bitocoin and ethereum. The main advantage for public crypto network like bitcoin, ethereum and iota is their lower cost and higher efficiency when comparing to their private counterparts. For instance, the payment/tansactional settlement cost and data storage cost can be much cheaper in a public network than a private network. The entry barrier in a public network is much lower than a private one. Lower cost and higher efficiency can be translated into profit which is the ultimate goal for the companies.

That is why many people believe that the private blockchain (blockchain/bitcoin without coins ) will not work because it will lose the advantage of lower cost. Whence a company loses the advantage of lower cost it will lose the competition in the marketplace. Maybe in the future the private chains and public chains will co-exist. But public chains will still be the dominant force in the market simply because they are cheaper and more efficient, maybe similar to today's internet and intranet.    
legendary
Activity: 1540
Merit: 1000
January 10, 2017, 04:53:46 PM
Please, can someone link the actual client-software for win & Linux.
THX
Here Smiley

https://github.com/iotaledger/wallet/releases

and you have this Guide also : http://iotasupport.com/guiwallet.shtml
legendary
Activity: 1457
Merit: 1033
January 10, 2017, 02:47:23 PM
Please, can someone link the actual client-software for win & Linux.


THX
sr. member
Activity: 332
Merit: 252
January 10, 2017, 02:23:28 PM
there is no guarantee that any company will use IOTA and won't create their own token.

But there is something called the network effect which is why no one can just clone bitcoin and get immediate benefit.
legendary
Activity: 2142
Merit: 1010
Newbie
January 10, 2017, 02:15:28 PM
Sucessful companies that are worth hundreds of millions of dollars and have proven temselves over time, not some experimental niche token. And usually these companies are seen as future major competitors so they buy them out to get rid of the future competiton.

Time to fly back down to earth and realize the business world runs on a different level.

You were banned from this thread for trolling long time ago. I have deleted your post, nothing personal, just business.
legendary
Activity: 2142
Merit: 1010
Newbie
January 10, 2017, 02:11:31 PM
You guys claimed, that BMW only sells cars. But its not...

Accessories are sold because it's a part of marketing, often they are sold with a loss, to compensate the loss main products have higher prices.
member
Activity: 95
Merit: 10
January 10, 2017, 01:59:39 PM
BMW will try to sell data. That's why BMW, Daimler and Audi bought 'Here'. Intel just bought into this as well.

Another important thing when we talk about mobility especially e-mobility is that states will have to compensate the decrease of tax on petroleum. Some people say taxes will be linked directly to actual road usage etc.
but maybe they just make a tax on electricity Idk  Cheesy

Iota could come into play when every cm you drive is tracked and paid accordingly. The most efficient way to make such transactions is IOTA atm. Pls correct me if I'm wrong.
legendary
Activity: 1666
Merit: 1020
expect(brain).toHaveBeenUsed()
January 10, 2017, 01:28:44 PM
does this make more sense?
https://shop.bmw.com/de_DE/p/PID_76289/

No, it doesn't prove your point. Start from addressing "There is a reason why companies prefer to buy other companies instead of running their own competing departments".

I didn't want to discuss. I don't have a point.
I just want to say: "You never know!".
You guys claimed, that BMW only sells cars. But its not...
I don't want to say, that there is a high chance, but its not zero. Thats all.
legendary
Activity: 1792
Merit: 1000
January 10, 2017, 01:18:36 PM
If there are BMW tokens and Daimler tokens, what token will Hertz use when arranging pay per minute rental? And what tokens will AXA use for insurance?

It goes on and on..

Perhaps we need a global standard for this sort of thing.
DIX
newbie
Activity: 56
Merit: 0
January 10, 2017, 12:29:38 PM
What does bmw have to do with this, I did not see that I bought any token?
legendary
Activity: 2142
Merit: 1010
Newbie
January 10, 2017, 12:29:20 PM
does this make more sense?
https://shop.bmw.com/de_DE/p/PID_76289/

No, it doesn't prove your point. Start from addressing "There is a reason why companies prefer to buy other companies instead of running their own competing departments".
legendary
Activity: 1666
Merit: 1020
expect(brain).toHaveBeenUsed()
January 10, 2017, 12:25:02 PM
Yep. Why sell tokens when you can sell BMW-s ? LOL

does this make more sense?
https://shop.bmw.com/de_DE/p/PID_76289/
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