IOTA - page 94. | Bitcointalksearch.org

NattyLiteCoin

hero member

Activity: 912

Merit: 1021

If you don’t believe, why are you here?

Quote from: centner on January 02, 2018, 06:19:56 PM

I bought my IOTA coins and want to transfer them to my wallet but after i read comments about errors and that they can gone and not reach my wallet. I think maybe better to hold them at exchange?

I’m holding mine on exchange until this trinity wallet is available.

kchulani

full member

Activity: 308

Merit: 100

IOTA has been my favorite from the beginning, been watching it grow ever since,, I still believe it in strongly and even with competition I strongly believe that their tech will overweigh any other competition, let the games begin in 2018!

SergioOliva2018

newbie

Activity: 9

Merit: 0

Quote from: Darthswan on January 03, 2018, 04:39:45 AM

Quote from: SergioOliva2018 on January 02, 2018, 08:19:53 AM

I’ve read it can support a lot. As of today 180 transactions per second have been tested. This DAG algorithm is amazing and it has huge potential.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoin’s fame.

I agree with you, in the industry where safety is put on the first place, to have such a problem with a purse, there is already a huge minus. (
Probably not all people know about this, because the interest in IOTA is still great.

I was reading up on the issues of reusing address for transactions multiple times and why it is bad. It looks like if person uses the same address from his wallet multiple times it is easy to reverse engineer his wallet’s seed. The more address is reused the easier guessing gets! That is another big flow in the IOTA ecosystem and it has been proven by October attack. Definitely this is another direction to improve upon. I would say that developers need to implement additional mechanism of address expiration. For example, after 10 minutes newly generated wallet address expires. Or it marked as expired after transaction completed. I think it is still possible to implement at this point without much of the struggle - the IOTA network is still young and pioneers are eager to learn about new features and flexible about changing things around. Especially if it improves security around human mistakes with this wallet.

codemanX

full member

Activity: 658

Merit: 129

Quote from: kobo_eth on January 03, 2018, 06:16:38 AM

Quote from: Master mind on January 03, 2018, 02:23:34 AM

IOTA is hold and buy more on dip.

Well said

We just need to find the right moment for the right dip

It's about 4$ now, I think it won't go much deeper for the moment, it feels the next pump is not far away. What do you think, is now the right time to buy more?

kobo_eth

full member

Activity: 294

Merit: 101

Quote from: Master mind on January 03, 2018, 02:23:34 AM

IOTA is hold and buy more on dip.

Well said

We just need to find the right moment for the right dip

nikisev

full member

Activity: 266

Merit: 101

Im the very decease you pretend to be

Its not the wallet.
Its the whole idea.
IOTA is PR scam. Its impractical to do what they are doing.
You can install some raspreyPI chip into anything you want. With nice little server that will work until the end of time and you can hook it up to some control application
And i think its expected that manufacturer will pay for that. They will monitor the product, gain some meta data , sell you off a little. Nothing bad about it.
And i seriously dont want anybody to have access to that data. I dont want it to be on open ledger.
IOTA essentially says , no there will be a coin, and you have to have it for our service to be active. And also we will store some other people data on your microwave...and your microwave will participate in other people transactions.
Why would i want it? Not clear.
Blockchain is about building trust. You are paying for this trust with low performance (Visa transaction is 2-3 seconds, BTC take 10 min). I dont need my car to build trust , i want it read sensors data and notify me if something wrong. It workred ok so far, dunno why change it.

ArmTrade96

jr. member

Activity: 182

Merit: 1

Are MIOTA have new announcments at near future ?
Some events, else ?

trinketmage

member

Activity: 80

Merit: 10

Quote from: Darthswan on January 03, 2018, 04:39:45 AM

I agree with you, in the industry where safety is put on the first place, to have such a problem with a purse, there is already a huge minus. (
Probably not all people know about this, because the interest in IOTA is still great.

The IOTA wallet outright sucks, gotta say. Such a promising tech, but devs are unable to build a stable and secure wallet....

Darthswan

hero member

Activity: 818

Merit: 508

Quote from: SergioOliva2018 on January 02, 2018, 08:19:53 AM

I’ve read it can support a lot. As of today 180 transactions per second have been tested. This DAG algorithm is amazing and it has huge potential.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoin’s fame.

I agree with you, in the industry where safety is put on the first place, to have such a problem with a purse, there is already a huge minus. (
Probably not all people know about this, because the interest in IOTA is still great.

Master mind

hero member

Activity: 691

Merit: 500

IOTA is hold and buy more on dip.

Potato farmer

newbie

Activity: 7

Merit: 0

Quote from: centner on January 02, 2018, 06:19:56 PM

I bought my IOTA coins and want to transfer them to my wallet but after i read comments about errors and that they can gone and not reach my wallet. I think maybe better to hold them at exchange?

I’ve had no problems moving my Iota into my wallet and have had no issues with it in there. The only hold up that I’ve seen as of recent is Binance suspending the withdrawal however when it is available the process was easy and quick.

centner

member

Activity: 140

Merit: 10

I bought my IOTA coins and want to transfer them to my wallet but after i read comments about errors and that they can gone and not reach my wallet. I think maybe better to hold them at exchange?

pit2525

newbie

Activity: 18

Merit: 0

Quote from: nesh1200 on January 02, 2018, 01:44:54 PM

Hey, could someone help me please???
three hours ago I sened 140 Miotas from the desktop wallte to the Bitfinex. The transaction is confirmed, but I didn't receive my miotas on the bitfinex.I hope they are not gone ?

https://iotasear.ch/hash/UAKGNSUXSTISTJAQBEBEHSAMHEGBLYZUDBYM9MIQRQXEFZVSPNXABLOYWPJ9TUERQMLGOFZWKLJD99999

Don't worry, you see on the address (https://iotasear.ch/address/DYBPCZHUQLUGLJ9OWTP9SVCXYDRAQC9MJBXMCWQRC9CFCIHDKNHCBCAAXKYTHMSKJKHTAGPWAONNLQIFW), that 140 Mi came in and were transferred to somewhere else. "Somewhere else" refers to another Bitfinex internal wallet. You should see your IOTA soon in your wallet.

JanCoppens

newbie

Activity: 154

Merit: 0

IOTA is there to stay. HODL.

nesh1200

newbie

Activity: 2

Merit: 0

Hey, could someone help me please???
three hours ago I sened 140 Miotas from the desktop wallte to the Bitfinex. The transaction is confirmed, but I didn't receive my miotas on the bitfinex.I hope they are not gone ?

https://iotasear.ch/hash/UAKGNSUXSTISTJAQBEBEHSAMHEGBLYZUDBYM9MIQRQXEFZVSPNXABLOYWPJ9TUERQMLGOFZWKLJD99999

tyKiwanuka

legendary

Activity: 1722

Merit: 1671

#birdgang

Quote from: NattyLiteCoin on January 02, 2018, 10:07:20 AM

But I can’t send iota out of my 2.5.6 wallet, is this because my binance tx is still pending? If I cNt send another transaction because a previous one is pending, isn’t that an issue?

You should always wait for a tx to confirm. See this little guide for some further reading: https://forum.helloiota.com/1973/Best-practices-for-using-the-IOTA-wallets-safely

It is an issue right now, correct.

BitcoinArsenal

hero member

Activity: 924

Merit: 556

Quote from: Jacky_Chan on January 02, 2018, 09:20:47 AM

Quote from: Darthswan on January 02, 2018, 06:32:07 AM

How many transactions IOTA network can handle per seconds? What about the scalability issue? Did dev iota stress test the network?

What I heard is that in one stress test tps reached about 1000 tps which was the cap the devs set up for that stress test. You can ask about it on the Slack.

Yes, this information is correct.

To the original questioner. IOTA is scalable, that means that with the number of transactions and nodes the number of transactions which could be processed per second increases. Theoretically there is no open end when it comes to the number of processed transactions. One important part in my opinion is that there must be big industry nodes.

NattyLiteCoin

hero member

Activity: 912

Merit: 1021

If you don’t believe, why are you here?

Don’t get me wrong, I’m new, it could be user error. Just glad all my iota is on binance for now!

neoscorpius

jr. member

Activity: 226

Merit: 1

Quote from: NattyLiteCoin on January 02, 2018, 10:07:20 AM

Quote from: SergioOliva2018 on January 02, 2018, 09:52:03 AM

Quote from: NattyLiteCoin on January 02, 2018, 09:36:19 AM

Hi, tired to get an explanation from telegram, but the fact is that it is to fast to get a real answer.

So i downloaded 2.5.6 and successfully sent 1.5 MIOTA from my binance account to my wallet. I attempted to send one i (by mistake, I believe) back to Binance but it never confirmed. I’m assuming it might not have confirmed because the value .000001 MIOTA is too small to be processed by binance. With this transaction pending, I tried to send .5 mIOTA to a telegram user. I was either getting a private key reuse error or a network error. I confirmed that I was (a) connected to a healthy node (b) that my receiving seed was attached to the tangle (c) and I rebroadcasted (and the other function on the history page) the transaction.

My only hypothesis is that I “froze” up the sending seed and another transaction can not be executed until the intital transaction of .000001 iota confirms, which it never will because of my perceived limitation of binancs wallet. So is my test Address now useless? Can someone assist with this? Also, this is a principal reasons for doing test runs with new things of very small amounts of crypto!

Binance account is no good for testing. This exchange has constant Network Congestions with IOTA transactions. I don’t know their reasons for that. May be their server is not keeping up with all other cryptocurrencies.

But I can’t send iota out of my 2.5.6 wallet, is this because my binance tx is still pending? If I cNt send another transaction because a previous one is pending, isn’t that an issue?

It is very interesting and useful to read such reviews about the actual operation of the system. As I thought, IOTA should handle micro payments without problems, but as I see it's not quite true.

NattyLiteCoin

hero member

Activity: 912

Merit: 1021

If you don’t believe, why are you here?

Quote from: SergioOliva2018 on January 02, 2018, 09:52:03 AM

Quote from: NattyLiteCoin on January 02, 2018, 09:36:19 AM

Hi, tired to get an explanation from telegram, but the fact is that it is to fast to get a real answer.

So i downloaded 2.5.6 and successfully sent 1.5 MIOTA from my binance account to my wallet. I attempted to send one i (by mistake, I believe) back to Binance but it never confirmed. I’m assuming it might not have confirmed because the value .000001 MIOTA is too small to be processed by binance. With this transaction pending, I tried to send .5 mIOTA to a telegram user. I was either getting a private key reuse error or a network error. I confirmed that I was (a) connected to a healthy node (b) that my receiving seed was attached to the tangle (c) and I rebroadcasted (and the other function on the history page) the transaction.

My only hypothesis is that I “froze” up the sending seed and another transaction can not be executed until the intital transaction of .000001 iota confirms, which it never will because of my perceived limitation of binancs wallet. So is my test Address now useless? Can someone assist with this? Also, this is a principal reasons for doing test runs with new things of very small amounts of crypto!

Binance account is no good for testing. This exchange has constant Network Congestions with IOTA transactions. I don’t know their reasons for that. May be their server is not keeping up with all other cryptocurrencies.

But I can’t send iota out of my 2.5.6 wallet, is this because my binance tx is still pending? If I cNt send another transaction because a previous one is pending, isn’t that an issue?

Topic: IOTA - page 94. (Read 1473405 times)