LOL, they finally answered the questions I have above, for weeks they tried to avoid it.

https://bitcointalk.org/index.php?topic=1216479.msg17694242#msg17694242

https://bitcointalk.org/index.php?topic=1216479.msg17694256#msg17694256

Which just confirms, IOTA is not for IoT devices.

1. CfB lies. PoW in IoT is not 20% less than normal CPU, an IoT device for example has 80Mhz 32bit CPU. Desktop 2400Mhz 64bit, It is not even close to 1% of same power. If you have 20% computing power of a normal CPU, thats not an IoT device, thats a raspberry-pi a singleboard computer suitable for showing 4K videos, the power they draws is not economical to have thousands of them scattered as sensors or controllers.

The other guys solution, let the IoT device "sign" transaction and send it to full node. This can be done with bitcoin and any other coin even today. The IoT device is not using IOTA anymore than an IoT device is a web-browser like Firefox just because someone programs it to make a HTTPS request and parse the response - which can be done on 80Mhz 32bit IoT devices, Ive done it. Any coin can do this.

The other solution is almost good, to make ASICS/special-hardware to do PoW for IOTA. Its just the problem, that hardware has a cost, and integrating it with any IoT chips. So, the "zero fee" transactions of IOTA, is not actually zero-fee, it just moves the cost to running and powering the ASIC, developing and integrating it with a myriad of other chips. That cost is too high, when alternatives which dont require modifying or using new hardware exist.

Point 2, No Sybil-defense. Not addressed, its inherit in its nature that IoT device cannot compete with computing power of a bigger CPU. Hence its beyond useless to even develop ASICs for it, if you have a small form-factor low energy ASIC, they can still be attacked by more making more of them, more powerful ones.

IOTA doesnt have any mechanism to resolve these kind of simple attacks, it doesnt have a consensus mechanism to avoid the gap in power between IoT and desktop PC being exploited.

Similary, IOTA is always vulnerable to "DoS because the network is small", even if used only on PCs, anyone can invest in a few powerful ASICS, and double-spend on IOTA network. This wont require 50% more power than others, since its a DAG, its enough if you are more powerful than your neighbors, to censor their transactions or just double-spend.

IOTA has a design/idea flaw - Proof-of-Work. Cannot be applied in IoT space.

Byteball doesnt have Proof-of-Work. Even todays IoT chip without imaginary extra iota-ASIC, just talk to your own bitcoin node, is more suitable and cheaper, faster, elegant simpler solution than IOTA.

 

IOTA requires Proof-of-Work to make and send transactions.

IoT devices are really very low-cpu power, low-energy devices. Most of the time they are in deep sleep, wake up take sensors, send them somewhere. And IOTA people think wasting 90minutes off CPU time and battery to generate a transaction is sane?

90 minutes is how long it takes for a really powerful IoT device which almost borders Raspberry-Pi level, to make and send a transaction.

For a desktop PC, it can do it in 5-10 minutes. For really powerful computers, less than a minute.

IoT devices are not protected in any way from spamming and other attacks, they are just uselessly wasting their battery and wasting CPU cycles on a "proof-of-work".

Thats what IOTA is. Its beyond dumb.

Apart from the above, Iota doesnt even have a trustless network - all nodes are required to peer by talking to humans since IOTA network fails because it doesnt have a consensus algorithm, if anybody is allowed to join. The developers decide what is a valid transaction and what isnt, with their milestone.

IOTA is a classic "pump-and-dump" scam altcoin, from the same people who previously did that and have experience fooling others.

I hope so too, anyway Ive done my share of shielding up. Ill stop now.

BTW, have you seen my answer to your question,

Another appeal to authority argument. 

I still stand by my words, regardless what tonych thinks, respectfully disagree.

Again no technical discussion from you.

Iota still has no decentralized consensus algorithm aside from centralized "milestones", cannot defend against Sybils/spamming, and does not work or even make sense on IoT devices due to the useless "Proof-of-Work".

You do have a high competence in trolling though, if you only applied that technically that would be great.

you cant cancel it currently, but you can try to fulfill it yourself.

Yes lets talk about zero-knowledge protocols and not about all the mentioned disgusting problems with your own pet scam project Iota.

Iota tokens are worthless. Iota is not trustless and not for IoT devices, currently it is even centralized under infantile egotripped leadership.

I would gladly talk there.

But he just deletes my posts from that thread.

Then he comes in this thread and spreads FUD about anything I write, especially anything positive I write about Byteball, even when I answer other peoples questions - he counters with fear and vagueness, appeal to his authority or attempts to ridicule.

Should be banned from this thread really, he hasnt contributed anything constructive in the past 10 pages.

My words stand without needing tonych or anyone else input, thank you good sir.

Your lack of answering any criticism of Iota, and instead banning me and deleting my posts where you can is only proof that you have something to hide, you know its shit but want to sell it to others. Now your increased trolling in Byteballs own thread here is nice, shows your balls are not as big as your ego, they hurt.

Iotatokens are worthless.

IOTA is not trustless.

Decentralized only by human and developer decisions.

Iota does not have a consensus algorithm. Iota is a scam, with less features than email and an gentleman agreement to send each other HTML emails with special formatting - "transactions" signed by GPG keys. Thats the technological sophistication and innovation of Iota by Come-from-Beyond.

Nice chart.

It will increase to 0.59 after the 11th distribution round given each round increases price with same percentage.

The actual price/value will be 16BTC for 1GB, that is 1BTC for 62.5MB, which will probably be reached on the 3rd year.

Now you are just trolling and spreading fear with only these three dots ... to back it up, because your own shit coin iota is worthless.

Indeed, but to have the anonymous/private (meaning your counter-part shouldnt know your IP-address) part, you need to use the Wallet software over Tor, or even I2P if thats your cup of tea. Blackbyte transactions arent stored on any public ledger, they are only stored in the wallet which has them.

And you need bytes to transfer blackbytes, or any other assets, to pay for the (network, transaction) fee which is usually around 540bytes. So if you do 1 000 transactions per month you need 540kilobytes, to transfer any amount of blackbytes.

Id say the blackbytes + Tor support makes Byteball more secure and anonymous than even Monero or Zcash.

ATM all bytes arent distributed. You can start your witness now and begin using it.

Anyway I dont care to discuss Iota anymore, so take those questions in their own censored communities.

Aside, another difference between Iota and Byteball is the style of leadership, see this thread a few pages back, for Come-From-Beyonds nonsense, threats hostility, derailing discussions, and avoiding answering technical questions on Iota.

In the Iota thread you cant see it because it is actively censored. Example is 1 or 2 pages back, CfB and his Iota friends ask me for "what is the problem of Iota", I explain in 1, 2, 3 points, invite to be corrected, and get no response other than "Ill set your trust rating to -2", and now more of same bullshit.

So, Iota is a scam, which doesnt have 10% of the features Byteball has (Declarative Smart-Contracts, anonymous untraceable "off-the-DAG" payments, assets etc), but has something Byteball doesnt have - an authoritarian ego-tripped leadership, the only thing bigger than Iota leaderships ego in this solar system is the Sun. The only technological arguments CfB can make is appealing to his own authority or his professor friends, PhDs and "fintech experts".

Compare the community and leadership of Byteball, it is humble, we have freedom to talk in this thread, uncensored, which is why CfB is now here and not in his own thread.

EDIT: lol, now he is trying to spread FUD (insinuating consensus algorithm of byteball is flawed because it contains the words/required voting and comparing to ripple etc) and ask dumb questions which are already answered in this thread 10 times and in the whitepaper. Not worth of a response.

Its the same procedure as for the first.

Your other BTC wallet, all you need is to place your bitcoins in 1 bitcoin-address, I suggest you do this with Electrum or another bitcoin-wallet which supports signatures. Then you start your other byteball wallet and begin talking to the transition bot. Sometimes the transition bot is overloaded or needs care, then you wait a while until tonych fixes it. Signing the byteball address with your bitcoin wallet is easier and much faster than making micro-transactions.

Advantage of DAG: Environmentally friendly, no mining required, possibility to scale (in tx/s) well.

Difference: Byteball solves the inherent problem of a DAG - that it can grow horizontally - that is, each one/node can begin their own set of transactions which the others on the network do not see - causing problems of double-spending and not being able to have "confirmations"/finality for the rest of the network as the self-grown history can be merged (back) anytime, in fact, what the mainline is is undefined, thats the problem. You can have many histories many branches and need to know/decide by consensus which branch of the DAG is considered the true one.

Byteball solves this problem with a set of 12 witnesses who define the Main Chain, by rolling up transactions in collections called balls, witnesses "stamp" each valid transaction they see, if someone tries to grow the DAG horizontally, witnesses wont see it, so it wont be possible to merge back - unless its valid at that point, this is the "consensus algorithm" of Byteball. Main Chain. Thats it.

Iota doesnt solve this problem, instead they require trust between each ones/nodes, requires to trust the peer and no peer is allowed to enter the network without being vetted - so any problem nodes, nodes which make their own branches and widen the DAG, are confined to small parts of the network, and they have centralized milestones to define what the mainline in their DAG is, a manual developer-ruled process.

Ill give one point to Iota though, they use (attempt to have) "quantum safe" cryptographic primities, which Byteball doesnt do (I think Byteball is using the bitcoin selected and popularized secp256k1 curve for most of the important parts? And some SHA*). Still though, what Ive seen, Iota implements their own kind of sponge function which is a no-no in crypto, so Id be vary.

Sounds true, I am leapfrogging a bit. Need to wait for more distribution rounds to happen, for more BB to be released for possible sale.

Maybe, but I wouldnt do that yet, to reach exchanges - those places are filled with "altcoin traders", an echo-chamber of the same people. To reach a wider audience, to gain more actual users and not speculators, we need to reach channels where altcoiners are not present. Niches where geeks do not hang around. Mom forums. Those kind of places, where you wouldnt think to mention byteball, but we do need it, to diversify and grow userbase. To learn what they need, what is difficult in the current wallet, to remove any obstacles for them to "pay" with very small price for something they want.

Exchanges are easy, every currency will get there, but to reach actual users is hard, and thats why its more worth to (begin) doing.

It would be nice with digital-service webshop, like "Send us bytes, which you can buy with PayPal/Visa/MasterCard from here ..., to receive access to ad-free content or gain imaginary karma-points on a forum". Must have something of worth for people to start and use a wallet over.

The more stuff you can buy, the more success byteball will have.

You said it man.

Byteball, like snowball but instead of snow, bytes are rolling.

lol, "ICO".

I dont give a shit about your coins, or your money.

I just explained 10 times in this thread alone, IOTA is fail and a scam, and I gave reasons why.

Nobody of you Iota fans can spend one post explaining or refuting my claims. Crickets only.