PoW is a prevention against sybil attacks. The PoW, which is necessary is not very much and will then be of minor significance, once the IRI will be changed for industrial appliances.
why PoW at all? well, you have a synchronized, soon to be decentralized system, where data-integrity needs to be established through the "confirm 2 tx before you conduct a new one" thingy. pretty solid architecture. what would you take?
for the computational power: you ever heard about JINN?
the ternary processors will conduct the necessary PoW in fractions of a second. Right now, I need just a few seconds with my CPU so that's completely fine for users. the IoT will be handled differently, but everyone was told that like a hundred times.
the consensus furthermore will be established in a decentralized manner, once the monte carlo random walk is enabled, because right now, like you know, the coordinator is centralizing it, for security and topology-reason. (the wittnesses in BB btw too)
So what is your point? that the PoW is to heavy? well it isn't very long.
That we have no decentralization? well we will have it in approx. july 2017
That it's not suitable? why not, what is still missing?
That is funny, since last time I checked Iota, the PoW didnt help against Sybils, and instead people were asked for social proof to join the network, that ist he Sybil prevention.
No, that is not my point that "pow is heavy", read my post again and try really try hard to see the big picture. No offense, just open your eyes.
Hardware, Jinn, if you place one of these on a chip, someone will place 100 000 of them together in one big chip, call it a Specialized Processing Unit, and it would then be able to outpace and outrun at least 100 000 of other smaller chips. What I mean is, at IoT power levels, can not ever compete with a normal PC, lulz that should be obvious and clear as blue day, no matter if you place "specialized non-existent magic hardware" on it or not.
Hence, PoW and IoT are oxymorons. Pick one. You cant protect your IoT devices with PoW scheme.
But you can, with a signature based scheme such as Byteball, and other cryptocurrency, even DPoS works better. See IOTA developers and fans, say, "Oh but IoT will not be a full node, it will only send/sing transactions", Well duh, obviously, any fucking cryptocurrency can delegate a chip to be dumb and trust another full node. What good cryptocurrencies do is, allow the IoT chip to send/receive transactions with its own keys - by signing shit just as other full wallets, and get the protection from scammers and attackers as the rest of the network. Spicy isnt it.
Of course, IOTA, bragging about IoT so much, and now we hear from its supporter "IoT will be handed differently." WHAT. OK.
PoW IS against sybil. It's what gives one chain, one tx or the "healthy" majority kind of a network credibility because with the most PoW it is chosen over others. this is no guess, it's common knowledge. I mean, srsly. dont make me look for sources for basic stuff like this.
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"
Hardware, Jinn, if you place one of these on a chip, someone will place 100 000 of them together in one big chip, call it a Specialized Processing Unit, and it would then be able to outpace and outrun at least 100 000 of other smaller chips. What I mean is, at IoT power levels, can not ever compete with a normal PC, lulz that should be obvious and clear as blue day, no matter if you place "specialized non-existent magic hardware" on it or not. "
I have no fucking idea what point you wanna proof with this. Yes, you surely can buy 100000 chips and try to compete the PoW but what for? Well first you need to make good plans, buy all those chips, either find the right neighbors or deal with the MCRW from july 2017 on but in every case you have a fuckton of costs and work to do. You say any system is hackable? yeah (including BB and BTC), kind of. but is it worth it?
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JINN are not "specialized non-existent magic hardware"
they are "ternary, existent hardware". Just look for it, you will find the source. personal duty to find information and shit...
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and why the fuck do you say things like "
...and now we hear from its supporter..." everything I wrote can be read on my blog, in dozens of articles, guides, FAQ.
what you can do at least is check for public info and updates before you, again, claim you found something fishy, scammy where nothing is, just to fill your badass competition-obsession with byteball. IF byteball is such a winner, why isnt it mentioned anywhere`?
ah wait, they have a nice chatfunction. wow.
and btw: you didn't deliver any proof, again just phrases.
if you think you're a smart person, you won't be mad if we create good terms for a solid conversation. right?
every phrase needs to be backed up.
That's the only meaningful way.
