Can you answer this (quoting myself from another post): Iota introduces an interesting new concept in the crypto scenario: the directed acyclic graph, or DAG. Basically it's an evolution of the usual blockchain, requiring no fees and without scaling issues. Nevertheless, after having a quick look at the white paper I still don't understand how the nodes will keep working continuously. In the "tangle" there are no miners, the beloved greedy workers of the Bitcoin blockchain. Instead, here to perform a transaction, you should verify other transactions first. In the white paper ( http://iotatoken.com/IOTA_Whitepaper.pdf) they say: what motivates the nodes to propagate transactions? In fact, in our setup the nodes do not have motivation
not to propagate. Every node calculates some statistics, one of which is how many
new transactions are received from a neighbor. If one particular node is “too lazy”, it
will be dropped by its neighbors. So, even if a node does not issue transactions (and
hence has no direct incentive to share new transactions that approve its own one), it
still has incentive to work hard. I'm not convinced by this statement. In fact, let's say that I'm a node and I don't want to be excluded by other nodes (and even on this I would like to understand what it means to be excluded. If you start again working hard can you be re-admitted? I could work only if I need to do transactions). If my fellow nodes work x, I could work 0.99 x to not get excluded and minimize my work. But this reasoning can be applied to every node, since electricity has a cost, so everyone one will lower its effort, resulting in a system that perform poorly. yes wondering this also what is the incentive basis for the nodes to operate? I guess if they want to use their iota for something then they must have a node.....will this lead to sort of a centralized holder of iota on behalf of people that can't be bothered running a node with sufficient up time |
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hi guys. Just 10% of SAFE Coins to the MaidSafeCoin holders is not unfair? I mean, if the marketcap of SAFECOIN not reach 10x the MaidSafeCoin marketcap on the launch all the holders will loose money? thanks
was that a product of how they did the 2nd round product capital raise when they burnt through the initial cash? At launch maidsafe coin holders will have 100% of the safe coin supply, it is only 10% of the final supply though. But this is supposed to take many years to reach so what he is saying isn't an issue. was this how it was sold in the ICO from the beginning I cant be bothered checking. |
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It depends what the Bitcoin price does, if Bitcoin drops again then ETH will get pump again, ETH is alwasy the #1 to be pumped when bitcoins drops, and bitcoin always gets corrected after it raises, and then ETH gets pumped again, leaving it with a higher '' base'' price then before the pump, look at the ETH price chart and BTC price chart.
eth is becoming more scare because it is being locked up in ICO wallets who are just not going to cash out fast as they would have too much slippage, and its against their project goals. Accordingly the more eth ico's the more is going to taken of the market, and supply will go down. Demand side....well, this depends on how the ico's go....that's going to take another 2~3 years to become apparent. |
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How so when CFB keeps deleting anyone who tries and asks for help and any criticism of this project?
I delete your posts because you were banned from this thread long time ago for trolling. You can see a lot of criticism is kept untouched. For help go and ask on http://slack.iota.org. He will delete this post also, there is a lot of complaints from the early investors of how this anti-social dev handles the project.
I will delete it only because it was posted by you. hey CFB [1] am I correct in thinking the DAG mean you only have to save a local area of data (not sure how many node deep) and then that's as far as you have to go because everything sort of supports everything else like a quilt (albeit irregular patches) stitched together? So it sort of a near real time mesh that becomes to hard to duplicate once you have enough nodes up? [2] whats the largest data storage needed for the DAG to operate say on a laptop or phone atm [3] Can you do smart contract on it, or do you need to farm out to some sort of oracle that get paid to keep consistency for a token [4] Is there a chance of a sort of break away chain or area kinda like the parasite chain you describe [5] it was mentioned you have some sort of other project you want to start? [6] whats happening with NXT why ARDOUR and that other one....the devs seem to have or are moveing on, I though next was pretty good, or is the token snapshot easier than forking nxt. [7] what do you think of BYTEBALL? [8] I have not had time to go over the white paper for iota .... but i think i kinda get the concept, is a time recent snapshot of the state of everything that is very hard to duplicate, because it is tangled by design and so avoids needing a long term block chain is this right? also did you have NXT prototype out a few months before nxt was released I remember someone coming on here briefly in 2013 saying they had something figured out and I downloaded it and it was very similar to nxt. Then it all disappeared |
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Will ETh remain sexy if majority of the ICO fail to prove their worthy?
yes you only need a very few to work, and out of a 100 or 1000 some will. Put it this way has capital raising ever stopped? |
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Could this be the new competitor of Ethereum?
From fundamentals and tech point of view, IOTA is better than anything else!! how does it handle smart contracts and say EC20 token creation or similar? |
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I see the BTC whales playing everyone. They are pumping ETH because they know they can make big money. Also someone stated earlier ETH doesn't scale. With all the dapps running simultaneously on the network that scaling problem is YUGE! At this moment ETH is at 50% capacity. What do you think will happen once ETH runs out of juice? dump dump dump.. Don't be a fool and get stuck in this monstrosity.
Can it be fixed? Yeah, but all of the apps also need to be fixed. This is not going to be an easy solution. And the stupid devs are focusing on POS! WTF! wake up! or maybe they are awake and are fully aware of what's about to happen... Likely.. Everything is about making the biggest gains here.
this is where LISK comes in |
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Ethereum gained value because of the ICO's that used to give great returns for investors. Sooner or later they will have to sell their ETH and price will crash.
No one is using ETH to run decentralized apps.
Exactly... once the ICO ends... ETH will go to its original position why would ICO's end? they will keep going forever. They will obviously only sell out their eth slowy |
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 This is really a complicated thing to calculate , and I am shocked that how did you calculate the percentage of the cryptocureency user .
Here in my country , every person is entering in this field to make a descent amount of the earnings but they don't want enter in this field fully .
Everyone talking about the Bitcoin and want hold then sell at high rate ( after increase in price ) . So I am thinking that not all the people are in cryptocurrency , only few of them are seriously working in every manner and other are just passing his time .
In my own community nd friends circle , only 6% people are in the Bitcoin and only 1% of them are using Bitcoin with altcoins ( so here you can easily understood about it , that what probability of the % of users in.this field ) .
You can usually take a first cut at it, and get I reckon within 1/2 and order of magnitude either way
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i think this means byteball is massively undervalued
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what makes a coin good - the number of coins plus
the volume trading
active implemented dev
scaleing
exchanges using
users
roadmap
dev market fund
number of agnositc clients
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what is the size of the IOTA storage of data component (ie where they store all their transactions).
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Just found out that Bill Gates' networth,$86B is the market cap of the top 5 cryptocurrency, including Bitcoin and Ethereum, combined!
yes that from selling $50 software to everyone. Remember the whole tech sector is a rounding error on the financial markets which in in the many trillions....which is what BTC/crypto tech is going after/supplanting. 86B in the scheme of things can buy you 86 thousand houses in say a major capital city, which can house about 200K people, and that just the house not the ongoing costs. So what 4 or 5 suburbs worth. Nothing really in the scheme of things. You quickly see that it really is peanuts in the scale of public funding, tax, living costs, transnational volume. |
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At this point given there are say 7B people in the world what % hold any crypto
I calculated about 0.07%, given 5M people
= 5e6/7e9
multiply by 3 for saying 90% is held in the 1st world
= 0.2%
given the gini coef or something similar the distribution would be really skewed distribution
if the market cap = 100B this implies 20K per person at 5M
given the actual distribution, it must be more like 5% of the 5M hold 90% so they hold 360K each.
and so on.
what are your back of the post card calculations?
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IOTA $0 fees forever.
and you wonder why it has a 2B MKT CAP
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Me i dont want to fumo ether. I want to this coin pumo kore. Currently price of ethereum is $300 plus and it will increase everyday and if you want to earn a lot of profit after months . But ethereum and hold and keep for few months . Because I believe the price will increase or hit at $1000 more in the next few months or maybe in the next year 2018. Many people as of now buying ethereum.
Ethereum is the new "fever", but these spiked price is too agressive for my taste, all that comes up quickly have great chances to go down the same way, it is a matter of choice, who wants to enter now may burn himself up or not, it's part of the game. If you extend your reasoning to how FIAT holders look at btc.....then you may get an insight to them, and how you feel about ETH. BTC has missed the first mover in the 2nd killer app of cryptos....ico's |
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You can get funds out of bitfinex just fine. Always could. But not in fiat form.
It's probably a scam. But if we're going to talk about ICO gains let's talk Ethereum, one of the narrowest distributions in crypto history with many still in the hands of a few people and devs.
This is pretty much a confidence play, nothing is actually worth what people are paying.
Hell, most fiat money is in the hands of a few people. That doesn't mean it hasn't worked for some 50 or so years.
IOTA will crash from current levels and you can pick some up cheaper, just be patient.
yeah if finex has a FIAT problem its a red flag for me, they have teamed up with lawyers to dig them out, which means a negotiation / legal case in in the offing. I would not really want my coins on finnex, it looks like a goxxing waiting to happen |
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You know....it sorta sounds like an echo chamber in hear sometimes.....the number of legendary members that seem to not be able to "____ is a scam coin" are alarmingly high....
I know there are issues with most other coins, and ETH/ETC DOA debacles....but time moves on, BTC is well at least immutable....but what is one thing that ETH cannot do that BTC can. The converse is not true.
BU and Segwit have shot BTC continuously in the face, each forever.
Oh that and lost the first mover effect in multi billion $ ico's as no side chain dev
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i expected this....you still cant get funds out of finex right?
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yep its has this potential
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