Topic: IOTA - page 414. (Read 1473405 times)

Here's an IOTA infosheet I made for everyone.
Feel free to share it, to make people more familiar with IOTA!

https://docs.google.com/viewerng/viewer?url=https://powr.s3.amazonaws.com/app_images/resizable/350a0563-9754-467f-a09a-bdd4103ec3d9/IOTA_Infosheet_dec_2016_revised.pdf

baby steps

Looking promising!

If it's not on exchanges, it's not out yet. You may disagree, of course. 

Guys, IOTA is finally out of its closet! It is coming out of stealth mode and straight to launch pad!


Very awkward kind of feeling to see him say promotion. lol

https://www.cryptocoinsnews.com/tangle-cryptocurrency-for-the-internet-of-things/
https://twitter.com/iotatoken/status/806910316076335105

https://www.reddit.com/r/Iota/
https://slack.iotatoken.com/
https://github.com/iotaledger/wallet/releases

The incentive is that the users can use this network and make transactions of data and tokens with running the nodes. It means that the users/companies who run nodes will be able to access a free market and ledger to transfer/buy/sell/store/secure data without barriers, frictions and fees and build for-profit business on top it.

At this time, the users most likely are the speculators, investors, ,hobbyist, and enthusiasts. In the future, the users most likely will be companies and individuals who will actually build for-profit projects on top of IOTA. It is kind like the Internet. Internet itself is not a for-profit project. But people and companies can build for-profit projects on top of it. Therefore the network is up and running.

One of the significant differences between blockchain/Bitcoin and Tangle/IOTA is that blockchain separates the transaction issuers (users) and the transaction validators (miners) while in Tangle/IOTA the transaction issuers are also the transaction validitors. They are not separated and are the same party.

In the Blockchain, the transaction issuers have to hire miners to validate the transactions. Therefore the issuers have to pay for miners with the fees (miners are not able to work for free). They are two different parties and not always have same interests. In IOTA, however, since the issuers are also the validitors and they always have same interests, the issuers don't have to pay for the validation and the tansacrions can be without fees.

I´m eager to know where IOTA stands in 1 year

The problem with the incetive for running a node will be solved by jhin , the startup which later started developing iota.
Iota is "only" the software , you might want to read up on the early development to get the full picture of what is trying to be archieved here.

Perfect!




I agree with you that if you are not a IOTA early adopter, and neither someone interested in the tech, there is no incentive for you to run a node, and to know it better. (My grandmother, for instance, is also not interested, and it would make no sense for her to bother with IOTA)

But for those others who are early adopters, or who want to know this new technology, and who see its importance, running a node is not at all expensive.

I have my nodes (even the testnet node, and the node I use as my personal web wallet) at this service, for example:
https://lowendbox.com/blog/ssdnodes-openvz-ssd-vps-starting-at-30year-dallas-tx-montreal-ca

They have been running smoothly for months. I only need to keep them updated

Dude, I believe that you can find Instance Types for your node cheaper than your current.

Lol, wat, it cost near nothing to run a node. But why do people run a Bitcoin node, there is no incentive.

Most people dont use these servers but their own computer for that which would be sufficient at this stage. And then costs are just no arguments, that's all I'm saying.

Man, my node is on AWS(m4.xlarge), my local IP doesn't work at all.

I'm running a node and there is now way it cost 300$ a month.
Exemplary calculation:

Node in idle on my desktop Xeon:

132watts.
132 x 24h = 3.1 kiloWatts/day
3.1 kW x 30 = 93 kW

Kilowatt price Germany atm: 28,69 Cent
93kw x 28,69 cents = 26 €

26€ x 1,07142 (factor: €/$) =  28,587307014 $

Spamming would double the outcome I guess.

So. If you cannot spare 30 dollar on a new technology, but you are able to work/play with cryptocurrencies in general, then you're doing something wrong.
But lets be honest: we all know that the majority of people is just here to make money and don't wanna step up to change things in this realm so I guess you have to wait for that day because the testing WILL be completed before it's getting listed. Dom and David were pretty clear about that.

Running a node would cost money, if there is no insensitive, why does a person run a node, except IOTA holders. In my IP list, some of them are already dead now. I cost 300+ USD per month to run a node, if I am not a IOTA holder, I will not do this thing.

The main net. As mentioned in the blog:

"Initially the scope of the bounty program will be limited to 3 of the most important repositories so far:
IRI: The core IOTA Reference Implementation (dev branch) that you can find here: https://github.com/iotaledger/iri/tree/dev
JS Library: The Javascript library that does some of the heavy-lifting for core (including important functionality such as preparing and signing of inputs, etc.): https://github.com/iotaledger/iota.lib.js
GUI Wallet: The GUI Wallet, which is mainly oriented towards beginner users and as such, should function without any problems: https://github.com/iotaledger/wallet"

More bug searching will greatly help on the exchange launch.

IOTA is not hitting exchanges yet because the software isn't tested properly and the network not big and stable enough to throw it into the lioncage where a lot of potato-lions are waiting to make the same mistakes over and over again.
We need more testers and people for the nodes.
Go into slack and offer your help!

Thanks for the advice!!!!

but be careful they some scammer in BTT!!
you can join also our slack IOTA here http://slack.iotatoken.com/
and  they are channel Trading!!

thanks

here: https://bitcointalk.org/index.php?topic=1550236.400