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Topic: IOTA - page 587. (Read 1473233 times)

hero member
Activity: 916
Merit: 500
April 17, 2016, 02:06:12 AM
hero member
Activity: 1068
Merit: 523
April 17, 2016, 12:59:57 AM

Good update!

That's a freaked out looking coin max though,

2,779,530,283,277,761

has any previous coin had quadrillions before?

IOTA amount in trillions not quadrillions, don't freaked out there's extremely important reason for this.  

What is the reason for that exact number? I thought 12 places was trillions & 15 places was quadrillion. Either way it's a BIG ass number.
hero member
Activity: 916
Merit: 500
April 17, 2016, 12:51:26 AM

Good update!

That's a freaked out looking coin max though,

2,779,530,283,277,761

has any previous coin had quadrillions before?

IOTA amount in trillions not quadrillions, don't freaked out there's extremely important reason for this.   
hero member
Activity: 1068
Merit: 523
April 17, 2016, 12:38:31 AM

Good update!

That's a freaked out looking coin max though,

2,779,530,283,277,761

has any previous coin had quadrillions before?
hero member
Activity: 798
Merit: 500
April 17, 2016, 12:22:57 AM
Is there by any chance an IOTA Signature campaign planned?
IMZ
legendary
Activity: 1498
Merit: 1000
April 17, 2016, 12:18:48 AM
Morning, thread! We hold IoTa, and I need to get up to speed on recent events.

EDIT: Thanks for your hard work. Lookin' great.

Mark (IndiaMikeZulu) Australia
hero member
Activity: 763
Merit: 500
April 16, 2016, 08:39:19 PM
well if its easy without setting up an extra asset but beeing actual iotas thats fine ,
but is there one example for a big exchange having done this before?

IOTA team has said that they will be talking to the exchanges regarding the changes
hero member
Activity: 763
Merit: 500
April 16, 2016, 08:37:35 PM
Exchanges can use miota (million iota) as the base trading unit for iota. And the GUI also can use miota as the base unit to show the balance.
would that be an asset backed by the promise on iota or actual packages of iota you have the moment you buy?

I don't think they need that. Exchanges just need to define the minimum trading unit for IOTA is a million of IOTA (miota) which is just a format for trading. For storing and withdrawing, they still use actual iotacoins.
hero member
Activity: 882
Merit: 1000
April 16, 2016, 08:34:58 PM
well if its easy without setting up an extra asset but beeing actual iotas thats fine ,
but is there one example for a big exchange having done this before?
ImI
legendary
Activity: 1946
Merit: 1019
April 16, 2016, 08:23:39 PM
have you talked to exchanges about this, you can't go under 1 satoshi per iota on those which will result in iota not beeing able to be traded on current exchanges under 11 billion dollars marketcap

exchanges can easily trade IOTA in packages.
hero member
Activity: 882
Merit: 1000
April 16, 2016, 08:15:04 PM
have you talked to exchanges about this, you can't go under 1 satoshi per iota on those which will result in iota not beeing able to be traded on current exchanges under 11 billion dollars marketcap
i know you aim for machines but actual people still need to get iota and they will only have otc options with package deals until we reach 1 iota = 1 satoshi, or is my calculation off  Huh

Exchanges can use miota (million iota) as the base trading unit for iota. And the GUI also can use miota as the base unit to show the balance.

would that be an asset backed by the promise on iota or actual packages of iota you have the moment you buy?

this is a serious problem, companys and IOT startups that want to get iota probably don't want to go on bleutrade and buy them with doge, and they probably don't want to buy off exchange from some stranger on the bitcointalk forum either, this could cripple adoption if no solution is found for the launch.
hero member
Activity: 763
Merit: 500
April 16, 2016, 08:09:27 PM
have you talked to exchanges about this, you can't go under 1 satoshi per iota on those which will result in iota not beeing able to be traded on current exchanges under 11 billion dollars marketcap
i know you aim for machines but actual people still need to get iota and they will only have otc options with package deals until we reach 1 iota = 1 satoshi, or is my calculation off  Huh

Exchanges can use miota (million iota) as the base trading unit for iota. And the GUI also can use miota as the base unit to show the balance.
legendary
Activity: 1316
Merit: 1041
Bitcoin is a bit**
April 16, 2016, 08:07:21 PM
have you talked to exchanges about this, you can't go under 1 satoshi per iota on those which will result in iota not beeing able to be traded on current exchanges under 11 billion dollars marketcap

i know you aim for machines but actual people still need to get iota and they will only have otc options with package deals until we reach 1 iota = 1 satoshi, or is my calculation off  Huh

Good point.
You can trade coins with less than 1sat/coin. But only against other low priced cryptos (e.g GCN/ Doge : https://bleutrade.com/exchange/GCN/DOGE).
But that´s not really helpfull.
hero member
Activity: 882
Merit: 1000
April 16, 2016, 07:59:36 PM
have you talked to exchanges about this, you can't go under 1 satoshi per iota on those which will result in iota not beeing able to be traded on current exchanges under 11 billion dollars marketcap

i know you aim for machines but actual people still need to get iota and they will only have otc options with package deals until we reach 1 iota = 1 satoshi, or is my calculation off  Huh
hero member
Activity: 561
Merit: 500
Institute of Advance Blockchain Research
April 16, 2016, 07:51:52 PM
What will be with buyers of IOTA after ICO? They are in a danger.
Early OTC sellers of IOTA can transfer to buyers new IOTAs instead old ones. And sellers will be right.

I think all escrow calculates a new iota value to old one (in IOTA). See speculation thread.
Do not forget Smiley 1 IOTA is 2779531 iota Smiley

http://numbermatics.com/n/2779531/

Thanks you for very much for that clarification

Peer2peer36o

1 iota is now equal to 2,779,513 multiply that
Amount times that amount of iota's you
Hold or currently have with ecrow..

All who contributed or participated in iota
You are to receive no less than

  1 iota = 2,779,531
full member
Activity: 734
Merit: 109
April 16, 2016, 07:44:43 PM
What will be with buyers of IOTA after ICO? They are in a danger.
Early OTC sellers of IOTA can transfer to buyers new IOTAs instead old ones. And sellers will be right.

I think all escrow calculates a new iota value to old one (in IOTA). See speculation thread.
Do not forget Smiley 1 IOTA is 2779531 iota Smiley

http://numbermatics.com/n/2779531/
legendary
Activity: 1151
Merit: 1003
April 16, 2016, 07:36:57 PM
What will be with buyers of IOTA after ICO? They are in a danger.
Early OTC sellers of IOTA can transfer to buyers new IOTAs instead old ones. And sellers will be right.
member
Activity: 169
Merit: 10
April 16, 2016, 06:59:09 PM

Nice optimization, selecting 111111111111111111111111111111111 ternary is more appropriate for the non-humans. 

https://oeis.org/A096053
http://numbermatics.com/n/2779530283277761

Ternary is the integer base with the highest radix economy, binary is next.

"Most economical radix for a numbering system is e (about 2.718) when economy is measured as the product of the radix and the width, or number of digits, needed to express a given range of values."

"Most economical integer radix is almost always 3, the integer closest to e. If the capacity of a numbering system is rw, and the cost of a representation is rw, then r=3 is the best integer radix for all but a finite set of capacities. Specifically, ternary is inferior to binary only for 8,487 values of rw; ternary is superior for infinitely many values.

https://www.americanscientist.org/issues/pub/third-base/3

2016 - the year IOTA will bring a renewed interest to ternary computing. Cool
hero member
Activity: 588
Merit: 503
Free Julian Assange
April 16, 2016, 06:43:57 PM
after 7 days i'm back , nice to see all the update!
newbie
Activity: 48
Merit: 0
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