IOTA - page 441. | Bitcointalksearch.org

Spratan

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Quote from: SteveoMB on September 27, 2016, 06:57:44 AM

Quote from: Spratan on September 27, 2016, 04:51:33 AM

Is iota aiming or to replace bitcoin / blockchains or move alongside with them ?
I am trying to figure out what bitcoin or blockchains will be used for if a new coin has no blockchain (replaced with tangle), quantum resistant, with no scability problems and no fees. About future use of blockchain in finance and other domains, how far can Iota replace it ?

Bitcoin and many other cryptos aim to replace currencies and financial institutions in general. Iota aims, as the backbone of the IoT, to be the fast and necessary network of billions of devices. So it's not a competitor, it's a different field of application, so moves alongside. AFAIK there is no competition between IOTA and Bitcoin. But I guess core can tell you more about its scope.

Thanks

SteveoMB

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Quote from: Spratan on September 27, 2016, 04:51:33 AM

Is iota aiming or to replace bitcoin / blockchains or move alongside with them ?
I am trying to figure out what bitcoin or blockchains will be used for if a new coin has no blockchain (replaced with tangle), quantum resistant, with no scability problems and no fees. About future use of blockchain in finance and other domains, how far can Iota replace it ?

Bitcoin and many other cryptos aim to replace currencies and financial institutions in general. Iota aims, as the backbone of the IoT, to be the fast and necessary network of billions of devices. So it's not a competitor, it's a different field of application, so moves alongside. AFAIK there is no competition between IOTA and Bitcoin. But I guess core can tell you more about its scope.

Spratan

hero member

Activity: 689

Merit: 507

Is iota aiming or to replace bitcoin / blockchains or move alongside with them ?
I am trying to figure out what bitcoin or blockchains will be used for if a new coin has no blockchain (replaced with tangle), quantum resistant, with no scability problems and no fees. About future use of blockchain in finance and other domains, how far can Iota replace it ?

laugh2btc

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Quote from: iotatoken on September 26, 2016, 08:16:10 AM

Quote from: laugh2btc on September 26, 2016, 07:54:24 AM

Quote from: iotatoken on September 26, 2016, 06:58:27 AM

Quote from: laugh2btc on September 26, 2016, 06:41:35 AM

When do you guys expect real world usage?

Define real world usage. PoCs?

We are already beyond PoC - aren´t we?

I mean when it´s ready to use, bid deal is revealed and "operating",... in short i can use it besides trading.

Ah, you're a developer. Well, now. People building on top of IOTA is what the project is for, what are your plans?

No, i´m not a dev. But i´ve got some ideas in my mind.
So what do you mean? When is IOTA ready for the next step (no, not the exchanges Wink

)?

meeekz

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Are there any apps are being build on IOTA yet?

iotatoken

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Quote from: laugh2btc on September 26, 2016, 07:54:24 AM

Quote from: iotatoken on September 26, 2016, 06:58:27 AM

Quote from: laugh2btc on September 26, 2016, 06:41:35 AM

When do you guys expect real world usage?

Define real world usage. PoCs?

We are already beyond PoC - aren´t we?

I mean when it´s ready to use, bid deal is revealed and "operating",... in short i can use it besides trading.

Ah, you're a developer. Well, now. People building on top of IOTA is what the project is for, what are your plans?

laugh2btc

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Activity: 531

Merit: 500

Quote from: iotatoken on September 26, 2016, 06:58:27 AM

Quote from: laugh2btc on September 26, 2016, 06:41:35 AM

When do you guys expect real world usage?

Define real world usage. PoCs?

We are already beyond PoC - aren´t we?

I mean when it´s ready to use, bid deal is revealed and "operating",... in short i can use it besides trading.

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: laugh2btc on September 26, 2016, 06:41:35 AM

When do you guys expect real world usage?

Define real world usage. PoCs?

laugh2btc

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Activity: 531

Merit: 500

When do you guys expect real world usage?

oldisoft

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Activity: 854

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https://iota.org/

Quote from: Alohaboy?! on September 25, 2016, 06:51:46 AM

Quote from: ?? on ??

Wil wait to exchange iota/btc.

It could be soon after stress test

do you suspect it in october ? or still later ?

Depends on STRESS TEST!

tyz

legendary

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Well, but what is actually behind the machines? People! We are not in a world of cybogs. Not yet.

I would rather take IOTA - Connecting Things! as a new motto. Wink

Quote from: Tobo on September 23, 2016, 09:08:25 PM

Quote from: drays on September 23, 2016, 07:00:25 PM

I have a new motto for IOTA: "IOTA - Connecting People!". Sounds too familiar though Roll Eyes

IOTA's motto should be more like "IOTA - Connecting Machines!" instead. The current testing is trying to simulate the IoT sensors/devices environment.

Alohaboy?!

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Activity: 1050

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Quote from: ?? on ??

Wil wait to exchange iota/btc.

It could be soon after stress test

do you suspect it in october ? or still later ?

oldisoft

hero member

Activity: 854

Merit: 1000

https://iota.org/

http://forum.iotatoken.com/t/mandatory-upgrade-1-0-6/952

this is a mandatory upgrade for everyone

metamorphin

legendary

Activity: 1106

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No risk, no fun!

Hey. dont delete my *pinned* thread. Its important for me to see always news in my first Dashboard site here.

But I apologize, if I wrote not enough for context here.

So now,

I am a big fan of IOTA. Let this post be, please!

:-D

Greetz
Steve

willowfoot

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Activity: 332

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Quote from: msin on September 21, 2016, 01:04:41 PM

Quote from: Come-from-Beyond on September 21, 2016, 01:03:11 PM

Quote from: msin on September 21, 2016, 01:00:44 PM

Quote from: Anon136 on September 21, 2016, 12:34:46 PM

ETH will probably limp along for years like litecoin. It will be usurped for #2 by monero at some point though. Probably will hang out at #3 for a long time before someone brings a successful scalability focused crypto currency to market. At which time said project might surpass monero too.

Haha, can't tell if you are joking, Eth has the most active 3rd party developer group I've seen in crypto (along with plans to scale). Litecoin literally has zero developer activity. If Monero succeeds in becoming the defacto anonymous crypto (on dark markets), it will be targeted and banned across the world, taking heat off BTC. I would say Eth will pass BTC at some point or just be hacked into oblivion and be worth nothing, but stagnant is the last thing it will become.

Bitcoin will die in 2021 when Jinn Labs releases optical processor capable to calculate SHA256D at insane speed.

Sounds good to me, I plan to sell in 2020.

not so far off I guess
http://news.nationalpost.com/news/canada/canadian-politics/quantum-computers-will-cripple-encryption-methods-within-decade-spy-agency-chief-warns

Scott J

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Quote from: xdrzrex on September 24, 2016, 09:53:33 AM

I may not understood the concept of IOTA, but the need of issuing a transaction to check proper sync sounds strange Sad

Consider that transactions have no fee and can also be for 0 IOTA.

Come-from-Beyond

legendary

Activity: 2142

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Newbie

Quote from: xdrzrex on September 24, 2016, 09:53:33 AM

I may not understood the concept of IOTA, but the need of issuing a transaction to check proper sync sounds strange Sad

You are right in your first half of the statement.

xdrzrex

newbie

Activity: 42

Merit: 0

I may not understood the concept of IOTA, but the need of issuing a transaction to check proper sync sounds strange Sad

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: freshman777 on September 24, 2016, 03:51:01 AM

Since Iota is for machines, how can we ensure that a headless Iota client is in sync.
What should be logged or not logged when it's properly synced?

You check if you are synced by issuing a transaction and observing the percentage of new transactions approving yours.

freshman777

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Since Iota is for machines, how can we ensure that a headless Iota client is in sync.
What should be logged or not logged when it's properly synced?

Topic: IOTA - page 441. (Read 1473405 times)