And im saying that if technically 10^-9 IOTA does absolutely everything you can do with 1 IOTA
Finally I get it. "rdanneskjoldr" is the iotatoken's marketing project for upping this thread constantly 
Topic: IOTA Crowdsale - page 78. (Read 182701 times)
I wouldnt pay 1.000.000 € for something that i can get or do for 1 €
But you can't pay 0.0000001 IOTA for something (e.g. electricity) that costs 1 IOTA.No one will pay 1 IOTA for something whose real value is a billion times less, so market will make that price go down to an amount someone is willing to pay.
IOTA can be used for a lot of things like micro-payments :
If 1 IOTA is worth 1 € and a cup of tea worth 1.5€ do you think the merchant will accept you to pay 0.00000001 IOTA ? No. He will accept only 1.5 IOTA as a payment.
Im not arguing that, its obvious.
For the market to value a IOTA on 1.5€, it needs to have that value. And im saying that if technically 10^-9 IOTA does absolutely everything you can do with 1 IOTA, the value of 1 IOTA will dilute.
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?
And im saying that if technically 10^-9 IOTA does absolutely everything you can do with 1 IOTA, the value of 1 IOTA will dilute.
3 years ago it was possible to send 1 satoshi. 1 BTC was worth 30+ USD those days.
I wouldnt pay 1.000.000 € for something that i can get or do for 1 €
But you can't pay 0.0000001 IOTA for something (e.g. electricity) that costs 1 IOTA.No one will pay 1 IOTA for something whose real value is a billion times less, so market will make that price go down to an amount someone is willing to pay.
IOTA can be used for a lot of things like micro-payments :
If 1 IOTA is worth 1 € and a cup of tea worth 1.5€ do you think the merchant will accept you to pay 0.00000001 IOTA ? No. He will accept only 1.5 IOTA as a payment.
Im not arguing that, its obvious.
For the market to value a IOTA on 1.5€, it needs to have that value. And im saying that if technically 10^-9 IOTA does absolutely everything you can do with 1 IOTA, the value of 1 IOTA will dilute.
I wouldnt pay 1.000.000 € for something that i can get or do for 1 €
But you can't pay 0.0000001 IOTA for something (e.g. electricity) that costs 1 IOTA.No one will pay 1 IOTA for something whose real value is a billion times less, so market will make that price go down to an amount someone is willing to pay.
IOTA can be used for a lot of things like micro-payments :
If 1 IOTA is worth 1 € and a cup of tea worth 1.5€ do you think the merchant will accept you to pay 0.00000001 IOTA ? No. He will accept only 1.5 IOTA as a payment.
No one will pay 1 IOTA for something whose real value is a billion times less, so market will make that price go down to an amount someone is willing to pay.
It's a sophism. Of course, the first half of the sentence is correct, but what if market decides that even 1 IOTA is not a fair exchange for a cup of coffee?
I wouldnt pay 1.000.000 € for something that i can get or do for 1 €
But you can't pay 0.0000001 IOTA for something (e.g. electricity) that costs 1 IOTA.No one will pay 1 IOTA for something whose real value is a billion times less, so market will make that price go down to an amount someone is willing to pay.
In nxt with 10^-3 nxt you cant even send one message or buy an asset or
But there are no other "features" in IOTA besides micropayments. Your device can only transfer IOTAs to another device.I wouldnt pay 1.000.000 € for something that i can get or do for 1 €
But you can't pay 0.0000001 IOTA for something (e.g. electricity) that costs 1 IOTA. Can i send the same amount of data with 10^-9 IOTA than with 1 IOTA in one transaction?
Yes, both transactions will be represented with the same number of bytes. Though I think you were going to ask something else but you can't find good wording because clearly don't understand difference between data and information.
I said in my first question im a noob(+ non-tech and english is not my first language.)
Im just trying to understand why 1 iota is more valuable than 10^-9 iota. Which seems obvious in other cryptos, but i cant find the reason here, in order to decide if i invest and how much. I have a decent share of JINN, and ill probably invest something here, but it will be much less if i dont find these answers.
Thank you for trying to answer my concerns.
Can i send the same amount of data with 10^-9 IOTA than with 1 IOTA in one transaction?
Yes, both transactions will be represented with the same number of bytes. Though I think you were going to ask something else but you can't find good wording because clearly don't understand difference between data and information.
If 1 iota = 0.000000001 iota in usefullness
This is the source of your misunderstanding. The value of 1 IOTA is 100000000 times more than 0.000000001 IOTA value. And there are no other "features" in IOTA besides micropayments.I dont see why
"The value of 1 IOTA is 100000000 times more than 0.000000001 IOTA value."
when
"Yes, 10^-9 IOTA has the same features as 1 IOTA."
I wouldnt pay 1.000.000 € for something that i can get or do for 1 €
Can i send the same amount of data with 10^-9 IOTA than with 1 IOTA in one transaction?
In nxt with 10^-3 nxt you cant even send one message or buy an asset or transfer any money. So i clearly see why 1 nxt is more valuable than 10^-8 nxt
In bitcoin it can happen you may not be able to make a transaction with 10^-6 btc. So also 1 btc >>> 10^-6 btc
But it has different value, so there isnt any relation, and you cant compare scarcity or marketcap between them.
By transfering 0.000000001 IOTAs, will you be able to fully use all of its features? With the maximum amount of data possible in a transaction (Or the same max data as transferring 1 IOTA)?
If im wrong, you can just say im wrong instead of answering "Maybe." and ill stop wasting your valuable time.
By transfering 0.000000001 IOTAs, will you be able to fully use all of its features? With the maximum amount of data possible in a transaction (Or the same max data as transferring 1 IOTA)?
If im wrong, you can just say im wrong instead of answering "Maybe." and ill stop wasting your valuable time.
https://en.wikipedia.org/wiki/Stock_split hints that scarcity of tokens doesn't affect marketcap.
Yes, 10^-9 IOTA has the same features as 1 IOTA.
If 1 iota = 0.000000001 iota in usefullness
This is the source of your misunderstanding. The value of 1 IOTA is 100000000 times more than 0.000000001 IOTA value. And there are no other "features" in IOTA besides micropayments. Scarcity is one of the variables to analyze when trying to find economic value. With 999.999.999 its easier to be scarce according with its potential use, than if there are 999.999.999.999.999.999
42Coin that is 500000 times more scarce than Bitcoin has a much smaller marketcap. Your hypothesis seems to not work as intended.
But it has different value, so there isnt any relation, and you cant compare scarcity or marketcap between them.
By transfering 0.000000001 IOTAs, will you be able to fully use all of its features? With the maximum amount of data possible in a transaction (Or the same max data as transferring 1 IOTA)?
If im wrong, you can just say im wrong instead of answering "Maybe." and ill stop wasting your valuable time.
In nxt and btc, fees are an important variable to determine its value. Here there aren't any fees.
Scarcity is one of the variables to analyze when trying to find economic value. With 999.999.999 its easier to be scarce according with its potential use, than if there are 999.999.999.999.999.999
42Coin that is 500000 times more scarce than Bitcoin has a much smaller marketcap. Your hypothesis seems to not work as intended.
I think so, if what 0.000000001 allows you to do is the same than 1 IOTA with the reduced emission.
Interesting. We should approach bitcoiners and tell them how to increase Bitcoin marketcap from 5 billion to 5 trillion at least...
Ok, my bad. Market cap would be the same. But i think its clear what my question was.
And yes, i say the notion of objective market cap people who are investing have, is hyper over priced from what it should be, because of the fact that they are confusing the units, to calculate the marketcap.
Scarcity is one of the variables to analyze when trying to find economic value. With 999.999.999 its easier to be scarce according with its potential use, than if there are 999.999.999.999.999.999
I think answering this question would clear all this.
By transfering 0.000000001 IOTAs, will you be able to fully use all of its features? With the maximum amount of data possible in a transaction (Or the same max data as transferring 1 IOTA)?
I think so, if what 0.000000001 allows you to do is the same than 1 IOTA with the reduced emission.
Interesting. We should approach bitcoiners and tell them how to increase Bitcoin marketcap from 5 billion to 5 trillion at least...
If 1 iota = 0.000000001 iota in usefullness, i see it like IOTA will have 999.999.999.999.999.999 units instead of 999 999 999 , making very hard for IOTA to have a significant market cap.
Would the marketcap be 1 billion times higher if we didn't allow to split 1 IOTA into 0.000000001 IOTA pieces?
I think so, if what 0.000000001 allows you to do is the same than 1 IOTA with the reduced emission.
So yes, im saying the real market cap of IOTA now shouldnt be more than 1 btc.
Or you can answer my first question to prove me wrong.
Having no fees, is there any relation on the usage of tokens with the cost of using them?
Im not sure my question makes sense, im a noob. But i mean, by transfering 0.000000001 IOTAs, will you be able to fully use all of its features?
Im not sure my question makes sense, im a noob. But i mean, by transfering 0.000000001 IOTAs, will you be able to fully use all of its features?
If 1 iota = 0.000000001 iota in usefullness, i see it like IOTA will have 999.999.999.999.999.999 units instead of 999 999 999 , making very hard for IOTA to have a significant market cap.
Would the marketcap be 1 billion times higher if we didn't allow to split 1 IOTA into 0.000000001 IOTA pieces?
Understand that the problems caused by spamming in Bitcoin network won't happen to Iota becasue there are no blocks and miners in Iota.
Could spamming cause any problems in the Iota network?
My question is economical, not about security.
OP says 999 999 999 iotas is up for sale.
If 1 iota = 0.000000001 iota in usefullness, i see it like IOTA will have 999.999.999.999.999.999 units instead of 999 999 999 , making very hard for IOTA to have a significant market cap.
And with a disclaimer in the risks document that says IOTA should also not be considered an investment. There is absolutely no guarantee that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value
I think the constant decrease in its value is what probably is going to happen (not forever obv
, but yes until it finds its real value from an hyperoverbought ICO).Or im missing something...
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