Bitcoin Forum

I am an iota owner - Bitcoin refugee.

All I want from these coins is the ability to send value to another person in a timely manner. Bitcoin did the  job at first but fees killed its usability.

I have been sending iotas to my own accounts. I have 3. Two on computers and one on my phone. The other days I checked up on speeds of transactions and was astounded by the conformation times. Seconds to Sending/Receiving and then conformation follows soon afterwards. Making Iota a usable tool.

Do you agree with me that Iota speeds are getting better..?

I don't own Iota and I have not done any transactions with it before.
Why don't you just ask the team directly about the speed? I am sure they have all the data that you need. Or you can just log the speed time today and do another tomorrow, then compare.
 
With regards to the notion that it is more usable if it's faster, usable for what exactly? For payment? 

IOTA is a great coin that I am holding among other altcoins, and I believe that it would be a great ETH competitor in the future. IOTA just needs some more improvements and good market conditions to get even higher on cmc.

IOTA is indeed a good altcoin, and has been listed in many exchanges, and today IOTA price increase is almost 3%, but to love altcoin ETH, it seems to be a little difficult, although at this time the increase in ETH prices on the market is not so much.

If we are comparing IOTA with Bitcoin, of course IOTA is far superior in term of transaction speed and scalability.
But have you tried other altcoins such as EOS, XRP, and QTUM? and comparing it with IOTA?
all of those are good coins in term of transaction speed. It is more scalable compared to Bitcoin,
I never use IOTA before. But based on my research, IOTA can do 1.500 TPS while those coins can do more than 3.000+ TPS. As I recalled, they took me seconds to make a payment.

^ since we are talking about transaction speed, how about Syscoin's 60,000 TPS?


Assuming their claim were true, does this mean that Syscoin is more usable than IOTA, EOS, QTUM, and all other slower blockchains?

LOL you seems introducing yourself like you are the owner of IOTA. This so funny and if you want to use the ultrafast transaction medium you need to choose the EOS as the payment option.
When there is big useful on IOTA obviously you may find more users for IOTA.
Now you need to understand whatever you cannot compare it with IOTA.

They are the same and can we use the scalability as a consideration to determine if that coin is usable or not?
Op was wrong about that even IOTA has upgraded its protocol and the usability of the token still remain the same and it's not a token with a lot of usefulness and only becomes a payment system that cost zero fees and this also happened with syscoin.

Remember this even some coins like credits has already published if that can achieve a hundred thousands of TPS.
Scalability without utility is something that becomes failed.

Yes that is right.

EOS is also fast but I don't think it's as fast as XRP. However, XRP is not preferable to me because of it has centralized blockchain and they have not made much progress in terms of privacy. Can you propose a project that offers both privacy and high TPS speed?

Yup, this is where I am going at when I presented another coin with better speed (according to the project team).

Some people seems to be trying hard selling the speed/scalability of some blockchains without presenting the utility.

A wild IOTA shill has appeared!

Current btc fees are laughable, a little over 60¢ to get your tx confirmed within 3 or less blocks. The "btc fees are horrible blah blah blah" narrative is old, get a new one.

Generic shill words with no substance.

No one cares about speed, otherwise, a bunch of shitcoins would be at the top of the charts

I did. forum.helloiota.com  Still waiting for a reply. (But they are good But just have other things to do I guess

Bitcointalk.org is my first coin talk place..


I've only used Bitcoin and Iota. It scares me that I spent Bitcoins in 2011.


Very interesting. I just cant keep up with all these coins.

Ive been a Bitcoin Shill since 2011 till 2017. Bought my firsts coins  in 2011 with help from this very forum. I got 100% out of Bitcoins in 2017 at the peek as it was all over the news media (who I don't trust). Iver paid fees of $23 and maybe more.
Like most New Zealanders I wish there was just one coin to rule them. In my opinion that will happen soon in 2020. And we all know who will run that coin. But I won't say who that is as I  wouldn't want to be seen as a shill.

It may be that there will be better technology than the blockchain including the IOTA, because there will continue to be new coins & also new algorithms used. At this point, the blockchain seems to be better than the IOTA with real-world adoption and lack of quantum computers. But there is a big chance that with rapid progress on a large scale in quantum mechanisms, AI, robotics, etc. IOTA will soon defeat the use of the blockchain because more and more companies are collaborating with IOTA.

Maybe Hashgraph Maybe Iota or more likely a coin from left field. I simply do not have the time to study them all. I am happy with iota, not as an investment but as a teaching tool. To show others how coins work.

I know Bitcoin can do many things. But all I used it for was to send and receive value. In the end I will use any coin that works for me.

I did hear about this too and read it on some sites, But the problem here is nobody has tested it yet and it was their claim from their whitepaper.
On the other hand EOS, QTUM, and XRP are tested and used by many people daily. If it is really true, it should be more useable and it can help us solve the scalability issue.


Utility is about implementation and adaption, everything has its own usability. The only difference in here is orientation and mission, some of them are trying to solve scalability in business model and some of them aiming for computer technology.
but with scalability, it could help the project to get attention and attract new users to implement the system.
well Credits is partnered with IBM, right?

Wow.. Thats amazing.

I may be wrong as I didn't spend too much time on their site.

I run Linux and couldn't find a linux wallet.

I'm really impressed with IOTA project development progress so far, they are gearing towards improving usability and other aspects. About the speed of transaction, it's very fast now but looking forward to seeing higher TPS. I've been holding some IOTA long term and hoping the price soars in future, also hoping there will be more use cases for it later on.

Just did another experimental transfer. Still not confirmed..  :'(  24hrs latter..


Back to the drawing broad

Deposit some IOTAs to binance within about 3 min for confirmation.
It's surely faster than before with trinity wallet improvements,congratulate the teams.

At the present exploratory stage of distributed ledger,block and chain are mainstream,and many platform apply this architecture,but still many aspects left to be explored,such as scalability,security,and so on.

DAG as an another new try to solve scalable and speed problems,this should be encouraged,of course including IOTA.

And they also achieved many progress,partnership,and application,including Jaguar Land Rover,Volkswagen,and so on.

But also still many thing remain to be answered,such as how to make it fully centralized,final confirmation faster,and so on.

If we decide to start rating coins base on transaction speed many altcoins will beat all top rated coins on CMC, try using Apollo currency and metacoin you will notice a second transaction speed  :), even few not well rated coins can do better but real use case is better than transaction speed, i won't invest on a project just for its transaction speed

Been faster doesn't mean more usable, if i am wrong then iota should have beat most top 10 coins and its not comparable to bitcoin, what will make a coin be more usable is more than just its transaction speed this feature is included in most altcoins and yet they fail

Firstly, I'd suggest that you look at BTC now because you may not be up to date with recent developments.

With segwit and the introduction of LN, fees have come down drastically which is part of the reason why I think BTC dominance went up a ton while alts continue to fall despite BTC's bull market earlier on.

Secondly, I'm also an IOTA holder, but probably for a different reason. I like the fact that there are free transactions, but that's not the main point. It's really a hedge against quantum computing and scalability for me.

I've seen a lot of positive developments from IOTA devs, and the new wallet GUI looks clean. But honestly, it's not ready for mainstream adoption or is anywhere near it. Tangles are still a new thing while blockchains are now aged technology.

Depends on network latency.  Third party tests within realistic net latency conditions, and various other factors, showed 30k-60k tps.  Zero-latency control group showed 141k tps.  The Syscoin ZDAG net is also decentralized (no central watchers necessary) and benefits from global consensus.  With current mesh network, resources, topo algo, parallel sig veri, etc, it catches 99.9999% of double spends within ten seconds, but that's expected to speed up w/ some additional optimizations being worked-out.  All ZDAG transactions afterwards roll to SHA256 PoW (Bitcoin Core compliant) for onchain finality; full history retained for all transactions across the DAG.  All Syscoin Platform Tokens (assets, etc) utilize ZDAG.  Generating a token costs 500 SYS.  

Another cool thing about ZDAG since it is probablistic across time - it enables users/merchants/devs to determine their own ideal security vs speed trade-off.  Gives them the power to decide.  Example, if you feel comfortable w/ 99.99% validation of a microtransaction valued at $10, you only have to wait a couple seconds before determining it "paid" and/or respending.  If value is much higher, one might opt to wait longer, or go as far as wait for SHA256 finality at a blocktime targeted at 60 seconds.

Aligns w/ the idea of bringing the tech to people rather than trying to drag people to the tech.  People are capable of telling the difference between sending value of ten dollars vs one-million, and are capable of determining their own security/speed trade-off.