Topic: IOTA Crowdsale - page 77. (Read 182701 times)
Crowdsale is a different way to say ICO?
An investor still needs to send the public key to you in a message from the same Bitcoin address in the future, right?
No.
We decided not to attach a note.
An investor still needs to send the public key to you in a message from the same Bitcoin address in the future, right?
Hello CfB, I have a question.
At Step 3 We need to pay a small sum from the same BTC address, for example 0.000xyz BTC
If I sent 0.00009 BTC I get a message at blockchain.info: "You cannot attach a note to a transaction with an output size less than 0.0001 BTC".
In this case x may not be equal 0! Otherwise we have a problem with the identification.
The robot may not produce the sums where x = 0. for example: only 0.000[1-9]yz.
Is it possible? Thank you very much for your answer.
We decided not to attach a note.
Ah, ok, THANK YOU!
Hello CfB, I have a question.
At Step 3 We need to pay a small sum from the same BTC address, for example 0.000xyz BTC
If I sent 0.00009 BTC I get a message at blockchain.info: "You cannot attach a note to a transaction with an output size less than 0.0001 BTC".
In this case x may not be equal 0! Otherwise we have a problem with the identification.
The robot may not produce the sums where x = 0. for example: only 0.000[1-9]yz.
Is it possible? Thank you very much for your answer.
We decided not to attach a note.
Hello CfB, I have a question.
At Step 3 We need to pay a small sum from the same BTC address, for example 0.000xyz BTC
If I sent 0.00009 BTC I get a message at blockchain.info: "You cannot attach a note to a transaction with an output size less than 0.0001 BTC".
In this case x may not be equal 0! Otherwise we have a problem with the identification.
The robot may not produce the sums where x = 0. for example: only 0.000[1-9]yz.
Is it possible? Thank you very much for your answer.
So is the official recommended wallet blockchain.info? For average users?
Is bitcoin core client safest?
Is bitcoin core client safest?
I would recommend to use Satoshi client, I can't say that it's an official recommendation because I represent only tech dept. here.
I just use a paperwallet + the classical bitcoin-qt.
1.) Generate a paperwallet using
https://www.bitaddress.org/bitaddress.org-v3.1.0-SHA256-c3d4d8da8fc6980435a520dff562b7f831b2f6037ec2d4dd6bf76c5321873303.html
2.) Fund your paperwallet
3.) Import Secret key into bitcoin-qt
https://en.bitcoin.it/wiki/Help:How_to_import_private_keys_in_Bitcoin_Core_0.7%2B
4.) send from that specific address
open debug console again and type:
sendfrom [minconf=1] [comment] [comment-to]
This way no matter how bitcoin-qt fucks up my address, or data loss, or whatever,
I still have the secret key on paper.
If you opt in for ultra paranoid mode you could even delete the wallet files on your computer
and only keep the private key on paper untill you need it again.
1.) Generate a paperwallet using
https://www.bitaddress.org/bitaddress.org-v3.1.0-SHA256-c3d4d8da8fc6980435a520dff562b7f831b2f6037ec2d4dd6bf76c5321873303.html
2.) Fund your paperwallet
3.) Import Secret key into bitcoin-qt
https://en.bitcoin.it/wiki/Help:How_to_import_private_keys_in_Bitcoin_Core_0.7%2B
4.) send from that specific address
open debug console again and type:
sendfrom
This way no matter how bitcoin-qt fucks up my address, or data loss, or whatever,
I still have the secret key on paper.
If you opt in for ultra paranoid mode you could even delete the wallet files on your computer
and only keep the private key on paper untill you need it again.
Can I just simplify this for me and hopefully for others.
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
No. It may be very difficult for a non-advanced user to make 2 payments from the same address.
So is the official recommended wallet blockchain.info? For average users?
Is bitcoin core client safest?
personally, just using bitcoin core is easiest and most straightforward, I think
For something as important as this I don't mind downloading 50 gigs as along as its the most fool proof method.
Can I just simplify this for me and hopefully for others.
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
No. It may be very difficult for a non-advanced user to make 2 payments from the same address.
So is the official recommended wallet blockchain.info? For average users?
Is bitcoin core client safest?
personally, just using bitcoin core is easiest and most straightforward, I think
Can I just simplify this for me and hopefully for others.
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
No. It may be very difficult for a non-advanced user to make 2 payments from the same address.
So is the official recommended wallet blockchain.info? For average users?
Is bitcoin core client safest?
Can I just simplify this for me and hopefully for others.
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
No. It may be very difficult for a non-advanced user to make 2 payments from the same address.
I know the answer is yes, but i'm gonna post just to be safe. Using a blockchain wallet for the crowdsale is safe right? As long as i'm able to send a specific amount from the same address after the sale ends?
If you mean https://blockchain.info/wallet - yes, as long as BlockChain.Info is available or you exported the private key.
Can I just simplify this for me and hopefully for others.
Is the bottom line that I can use whatever bitcoin wallet as long as I have full control over the private key?
Thanks
I know the answer is yes, but i'm gonna post just to be safe. Using a blockchain wallet for the crowdsale is safe right? As long as i'm able to send a specific amount from the same address after the sale ends?
If you mean https://blockchain.info/wallet - yes, as long as BlockChain.Info is available or you exported the private key.
I know the answer is yes, but i'm gonna post just to be safe. Using a blockchain wallet for the crowdsale is safe right? As long as i'm able to send a specific amount from the same address after the sale ends?
A) I buy 1 car with 30 BTC via BTC tx
B) I buy 10 car with 300 BTC via BTC tx
Both of case A) and case B) use the same feature of BTC, value transfer and payment, so why I should pay 30 BTC in case A), while pay 300 BTC in case B)?
It would be nice to have all this tech talk balanced out by some real information on your marketing plans, projected use scenarios, 3 month / 6 month adoption scenarios etc.
The Achilles heel as you know of most NXT origin projects (SN etc) has been far too much tech and little or no attention paid to RW scenarios of marketing, GUI, sales strategy, business plan implementation etc.
Would be nice to see this thread pivot towards an in-depth, specific presentation of these things. If they exist.
The Achilles heel as you know of most NXT origin projects (SN etc) has been far too much tech and little or no attention paid to RW scenarios of marketing, GUI, sales strategy, business plan implementation etc.
Would be nice to see this thread pivot towards an in-depth, specific presentation of these things. If they exist.
Maybe he was trolling, but i think this is quite a serious thread to troll.
Even CFB is telling maybe 1 IOTA could handle all the transactions done in the whole network in the first years!!!!
Does no one see why this makes 1 IOTA less valuable economically if you can buy it from hundreds of millions of persons!?!?!?
Maybe.
Even CFB is telling maybe 1 IOTA could handle all the transactions done in the whole network in the first years!!!!
Does no one see why this makes 1 IOTA less valuable economically if you can buy it from hundreds of millions of persons!?!?!?
No miners and no fees,no? So maybe with 1 IOTA it would be more than enough to handle all transactions worldwide in the first years.
1 IOTA would offer ~1.000.000.000 units and the minimum cost of transaction would be 1 IOTA (mmm, sounds familiar)
1 IOTA would offer ~1.000.000.000 units and the minimum cost of transaction would be 1 IOTA (mmm, sounds familiar)
Maybe.
I wasn't trolling. We don't have enough information to predict what will happen in 1 month.
What is the technical difference between a 1 cent payment and a 1 billion USD payment?
Technically they would do the same as well, wouldn't they?
Lets say you want to use a IOTA feature (like you can create a nxt asset for 1000 nxt), which will require you 1 IOTA. And the ICO has 1000 equal in % users. Each has 1M IOTAs
You have 1000 users from whom you can buy . And 1 IOTAs would be 0.0001% of their share. That creates an offer and demand.
If the market determines 1 IOTA is worth 1 $, those persons would be willing to sacrifice that 0.0001% of their share for 1 $.
If for your purpose you can do what you need with 10^-9 IOTAs, you only need to buy 0.0000000000001% of the share of one of those persons. That is a different offer and demand situation in which the prize of 1 IOTA would be much less. Im sure any of those initial investors would love to sell 0.000000000001% of their share for 1$ cent
Yes, without crunching your numbers, this seems a reasonable behavior of the market participants.
Quote
In Nxt, with 10^9 coins in existence, you need 1/ 10^9 of those to be able to make a transaction.
While in IOTA with 10^9 coins in existence, you need 1/10^18 to make it.
This creates the scarcity of coins you need to use the network, which is limited.
That is the illussion im referring to when estimating the market cap users will give to IOTA.
While in IOTA with 10^9 coins in existence, you need 1/10^18 to make it.
This creates the scarcity of coins you need to use the network, which is limited.
That is the illussion im referring to when estimating the market cap users will give to IOTA.
But the question here is, why would the price only be reflected by the cost of a transaction.
If you can move something around at no transaction cost, would it be "worthless"?
What is the technical difference between a 1 cent payment and a 1 billion USD payment?
Technically they would do the same as well, wouldn't they?
Lets say you want to use a IOTA feature (like you can create a nxt asset for 1000 nxt), which will require you 1 IOTA. And the ICO has 1000 equal in % users. Each has 1M IOTAs
You have 1000 users from whom you can buy . And 1 IOTAs would be 0.0001% of their share. That creates an offer and demand.
If the market determines 1 IOTA is worth 1 $, those persons would be willing to sacrifice that 0.0001% of their share for 1 $.
If for your purpose you can do what you need with 10^-9 IOTAs, you only need to buy 0.0000000000001% of the share of one of those persons. That is a different offer and demand situation in which the prize of 1 IOTA would be much less. Im sure any of those initial investors would love to sell 0.000000000001% of their share for 1$ cent
In Nxt, with 10^9 coins in existence, you need 1/ 10^9 of those to be able to make a transaction.
While in IOTA with 10^9 coins in existence, you need 1/10^18 to make it.
This creates the scarcity of coins you need to use the network, which is limited (less limited in IOTA).
That is the illussion im referring to when estimating the market cap users will give to IOTA.
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