IOTA - page 761. | Bitcointalksearch.org

Seccour

legendary

Activity: 1619

Merit: 1004

Bitcoiner, Crypto-anarchist and Cypherpunk.

Quote from: mthcl on October 21, 2015, 09:38:10 PM

Quote from: kushti on October 21, 2015, 04:46:17 PM

Though I was invited to review the whitepaper, it seems all my questions remains unanswered. And section "4.1 Resistance to quantum computations" (added after my review?) seems pretty controversial by its reasoning. Anyway, Popov's work is the deepest made on DAG cryptocurrencies(all I've seen before were just forum & blog posts), I'm not sure what's presented enough to make something production-ready though. Let's see what will happen here. Have luck guys!

I'm not sure if I understand what exactly your question is. If it's about submitting two conflicting tx's, then there is no problem - one will survive, and the other will die (that is, at some moment it will stop gaining cumulative weight). Besides, if you're buying smth from a merchant and submit a conflicting transaction at the same time, the merchant would call a police

The attacker can leave after he received the good and then issue the double spend as said in the Whitepaper. So the merchant will not see anything until the attack succeed ( if it succeed )

EDIT : I love IOTA. Good luck guys ! Cheesy

zodiac3011

hero member

Activity: 770

Merit: 500

Looked through the whitepaper. Really good concept you have there! will wait for this Grin

rigel

legendary

Activity: 1240

Merit: 1001

Thank God I'm an atheist

Looks interesting.
Watching this.

Anon136

legendary

Activity: 1722

Merit: 1217

So I suppose if we want to start talking about this idea I can go ahead and talk about my concern. And I will fully admit that this may be my lack of understanding or imagination only and nothing wrong with the concept at all.

If the network is fracture tolerant, than there is a concern that you might be validating a doublespend transaction without realizing it when creating your own transaction. This wouldn't be much of a big deal assuming only a hand full of dinguses trying to doublespend for personal profit, but what if someone(s) tries to exploit this as an attack vector against the network its self with no intention of personally profiting from the actual double-spend.

Dev's tried to explain to me why this reservation was unfounded but either the answers were nonsense or I wasn't smart enough to understand (probably the second one). So this seems like a better place to continue that discussion than my private messages since someone else might benefit.

mthcl

sr. member

Activity: 376

Merit: 300

Quote from: kushti on October 21, 2015, 04:46:17 PM

Though I was invited to review the whitepaper, it seems all my questions remains unanswered. And section "4.1 Resistance to quantum computations" (added after my review?) seems pretty controversial by its reasoning. Anyway, Popov's work is the deepest made on DAG cryptocurrencies(all I've seen before were just forum & blog posts), I'm not sure what's presented enough to make something production-ready though. Let's see what will happen here. Have luck guys!

I'm not sure if I understand what exactly your question is. If it's about submitting two conflicting tx's, then there is no problem - one will survive, and the other will die (that is, at some moment it will stop gaining cumulative weight). Besides, if you're buying smth from a merchant and submit a conflicting transaction at the same time, the merchant would call a police

allwelder

legendary

Activity: 1512

Merit: 1004

Another ,I like this logo of IOTA .

allwelder

legendary

Activity: 1512

Merit: 1004

Quote from: iotatoken on October 21, 2015, 07:07:21 PM

Quote from: allwelder on October 21, 2015, 07:03:08 PM

So,there will be another TOKEN except Jinn on NXT AE both for Tangle tech？

Could you expand on your question? Not entirely sure what you are asking. JINN tokens are unrelated to IOTAs

What's the difference between JINN token and IOTA token?
or what do these two tokens stand for respectively?

Could you simply explain?
Thanks.

nexern

hero member

Activity: 597

Merit: 500

a fluid, self-organizing swarmchain?
what are the data storage requirements for each node/device over time?

lucky88888

sr. member

Activity: 404

Merit: 250

https://nxtforum.org/

guess you really are BCNext! Talk about split personalities/good acting!

Come-from-Beyond

legendary

Activity: 2142

Merit: 1009

Newbie

Quote from: TPTB_need_war on October 21, 2015, 07:09:44 PM

Lol I don't know. I guess I mean on-tangle, those participating in your algorithm?

For on-tangle payments a device needs to see majority of the transactions. Good news is that it needs this only if it's about to make or check a payment, most of time it can store and broadcast transactions without their verification (only PoW needs to be verified to avoid spam attacks).

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Quote from: Come-from-Beyond on October 21, 2015, 07:05:36 PM

Quote from: TPTB_need_war on October 21, 2015, 06:54:12 PM

Can you explain to me why this doesn't require every connected IoT that wants to sign a transaction to not have to listen to every transaction on the network?

Doesn't the bandwidth requirements of that limit which sort of devices can participate?

Can a IoT device proxy its request a well powered server?

Are you talking about on- or off-tangle payments?

Lol I don't know. I guess I mean on-tangle, those participating in your algorithm?

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: allwelder on October 21, 2015, 07:03:08 PM

So,there will be another TOKEN except Jinn on NXT AE both for Tangle tech？

Could you expand on your question? Not entirely sure what you are asking. JINN tokens are unrelated to IOTAs

Come-from-Beyond

legendary

Activity: 2142

Merit: 1009

Newbie

Quote from: TPTB_need_war on October 21, 2015, 06:54:12 PM

Can you explain to me why this doesn't require every connected IoT that wants to sign a transaction to not have to listen to every transaction on the network?

Doesn't the bandwidth requirements of that limit which sort of devices can participate?

Can a IoT device proxy its request a well powered server?

Are you talking about on- or off-tangle payments?

allwelder

legendary

Activity: 1512

Merit: 1004

So,there will be another TOKEN except Jinn on NXT AE both for Tangle tech？

ZonedOutSpace

sr. member

Activity: 280

Merit: 250

From Russia with love

Very interesting project I'll be following Goodluck Dev

iotatoken

hero member

Activity: 714

Merit: 500

Quote from: jelin1984 on October 21, 2015, 06:46:41 PM

How we can buy some?

Details will come in the coming days. Stay tuned in this thread and/or join our just created twitter account www.twitter.com/iotatoken to keep posted on the developments

TPTB_need_war

sr. member

Activity: 420

Merit: 262

Can you explain to me why this doesn't require every connected IoT that wants to sign a transaction to not have to listen to every transaction on the network?

Doesn't the bandwidth requirements of that limit which sort of devices can participate?

Can a IoT device proxy its request a well powered server?

jelin1984

legendary

Activity: 2408

Merit: 1004

How we can buy some?

Come-from-Beyond

legendary

Activity: 2142

Merit: 1009

Newbie

Quote from: durerus on October 21, 2015, 06:35:33 PM

How many currency units will there be? Will there be unlimited inflation? If there will be no permanent inflation, will all currency units come into existence at once or over time?

999'999'999.999999999 units. No inflation, only deflation caused by lost tokens. At once, there is no a way to do it over time.

durerus

sr. member

Activity: 321

Merit: 252

How many currency units will there be? Will there be unlimited inflation? If there will be no permanent inflation, will all currency units come into existence at once or over time?

Topic: IOTA - page 761. (Read 1471689 times)