Topic: [IOTA] IOTA Speculation - page 137. (Read 171575 times)

I said ''will'' not '' now'' I rephrase!Have you decided yet which exchange we will be able to trade IOTA once is released? Also any ETA, I don't mean Tuesday or precise say but around summer, autumn , or winter?

Thanks

There is no exchange where you can trade IOTA yet. You can buy directly from others with Escrow now.

The asset issuers will have to adjust the amount od iotas, simple as that.

For example, if you bought 1 KIOTA https://nxtportal.org/currencies/10176659922964555108
The asset issuer will have to give you 2,78 new Giga-iotas

Any idea of what is going to happen on the Nxt Buyers ?

Any idea of what is going to happen on the Nxt Buyers ?

in which exchange will you be able to trade IOTA?

It's official: we'll use SI system to name IOTA quantities.

My up to date sale amounts:

111,181,240,000.00 Sold @ 1 btc  cc001
333,543,720,000.00 @ 3btc schnib
222,362,480,000.00 @ 2btc Metaphilibert
111,181,240,000.00 @ 1 btc Yeash20
333,543,720,000.00 @ 3 btc arjen01
166,771,860,000.00 @ 1.5btc MoneyTeam
11,118,124,000.00  @ 0.1btc tk88one
138,976,550,000.00 @ 1.25 btc proto
22,236,248,000.00 @ 0.2 btc adam9910
222,362,480,000.00 @ 2 btc Dexter12
8,894,499,200,000.00 @ 80 Btc bigiotabig
55,590,620,000.00 @ 0.5 Btc Torn
111,181,240,000.00 @ 1 btc zzzman20
111,181,240,000.00 @ 1 btc transpotime21bus

Thanks again to my buyers!


I still have more available for sale at a rate of 1BTC for 111,181,240,000.00 (NEW) IOTA!!! Please contact me if interested!

I still have more available for sale at a rate of 1BTC for 111,181,240,000.00 (NEW) IOTA!!! Please contact me if interested!

Because third day after deal there is still no official confirmation here:
ordered and payed instantly one batch/50000 "old" IOTA at April 15 for ฿0.95000 from cryptoknightt.
BTC Transaction ID
Still ask with all politeness for an official confirmation here by seller. Thank you.

1 "old" IOTA is now equal to 2 779 531 "new" IOTA : http://forum.iotatoken.com/t/iota-tech-update/264/1

I didn't cover my thoughts on 10M in the post but here they are:

This is really about 2 things, making a liquid BTC-paired market possible and trader psychology. Firstly, I think using anything but a power of 10 would be a mistake, so 1, 10, or 100 million atomic iota to IOTA units should be considered.

1M would be a lower bound possibility in my mind, giving a supply of 2,779,530,283 decimalized units. But there are issues with coins trading in the hundreds of satoshi range. This is my own opinion but maybe it's shared. For one the price doesn't seem substantial enough and feel cheap. For USD/GBP/Euro-imprinted traders it can be hard to translate a price of 1000 satoshis into what they're used to using in day to day life. 10M on the other hand would be priced near USD cents.

100M would be an upper bound, giving a total supply of 27,795,302 decimalized units. I don't believe this supply is enough and would lead to the tokens looking too expensive. I could be wrong about this, and perhaps perceived scarcity could have a positive effect on price. But I don't think it would help liquidity.

10M carves a good balance between the extremes. The total decimalized supply of IOTA ends up being 277,953,028.3277761. The price (at current OTC IOU rates at least) would fall at about 0.0001 BTC/IOTA. This leaves plenty of room for the token's price to go up or down and still have a functional liquid market. It has enough value to not seem borderline worthless for 1 like NXT or XRP does. Its value could be more easily measured in cents or pence for the bulk of us who are accustomed to thinking of monetary value in those terms.