How come collect.iotatoken.com is still not updated?
This would take 5 min max.

@cfb, @iotatoken, how does it look like when you cant even get the simplest of things done?

I thought about the balance and in-out models a bit more.
I may have changed my mind about the balance model, but i may be completely wrong.

Assume we have multiple networks with relatively high bandwidth internal and very low bandwidth and unrealiabe transport between them,
as is to be expected in an IoT use case. and we have someone sending iota transactions to both networks

(net A )  -  X  - ( net B )

because net A and B both have low connectivity to the rest of the world, they run their own little DAG that gets merged into the global DAG once in a while, to make the
transactions that happen in their networks actually valid.

Now in the input output model, when X sends a transaction to B, that transaction will be saved in the graph of B and will get
valideted by all transactions within B, sensors (inside B) can relatively  savely accept that transactions because a lot of transactions
inside B add a lot of POW to it, until the network is able to connect to global DAG.

In the balance model same thing happens BUT balance model would require that a node recieves every transaction from that account
to make sure the account is not double spending its coins.

double spending is a problem in both cases, but it seems to me low network connectivity would be less of a problem
in the input output model as nodes would not be required to get all transactions of X beause POW is added to that specifif output of X.
In balance model X could send a transaction into net B that might be invalid from the start, If that happens in input/output recieving a double spend
would not be a problem if net B can manage to add enugh POW so that once it gets merged into global DAG it is valid.

Corret me if i am wrong but balance model would complicate how the network comes to consensus A LOT.
So input/output model would be safer for small ( very small, so small they cant save full tangle ) IOTA sensors to accept transactions,
because they only have to check if that input is valid, not if all of the transsactions that this sender made is valid.

This is a very valuable discussion.

I can understand both sides, but the general direction where this is heading worries me.

@IOTA Team, when you guys anounced the crowdsale, you made implications that IOTA was pretty fucking close to beeing ready to launch
and said that we can expect beta before christmas, now the release date for beta was postponed many times, today is febuary 5th and there
is no useable version of IOTA released ( no I dont consider 0.3.0 usable, unless you can figure out how to build a vaild transaction just by looking at the undocumented,
unannotated source code, you really cant expect that )

People not only gave you half a million USD but also gave you shitloads of trust.
Trust in you, your team, your company, your product.

Can you not understand that that trust becomes a bit fragile when you fail to meet expections set by yourself?
 - You said IOTA was close to being lauched, now you ask how basic things should be implemented.
 - repeatedly postponing release dates.

Can you not understand that that trust becomes a bit fragile considering that the general management of this project is unprofessional?
 - I signed up for the email newsletter, never got an email
 - http://collect.iotatoken.com/ TO THIS DAY shows outdated information, you said you were going to change that multiple times.
 - I said this before - no streamlined way of communication - where can i find updates and information? here? ryver? twitter? email? outdated collect.iotatoken website? not even once updated iotatoken website?
 - David once said this is because it is better to have people seek information themselfes, I agree, but if you continue running this project this way people will just stop giving a shit.

How can you look at how the IOTA community is loosing trust and faith In you and not think "Well, thats a little bit our fault"

And then you dare to say things like


Try to take a wild guess as to why.

You should be happy the community has been so patient with you.

But hey, whatever, its not like you actually care about the community and IOTA beeing a great product


If thats truly all you are then what happens after IOTA is released?
Will your poisition change from "lead dev" to "senior i dont give a shit anymore developer" ?


Honestly I am rather dissapointed.
Dosnt mean i have lost all faith in IOTA, just means I want to point out things that could have been done better.
This all boils down to failure of communication, communicate in a more professional, clear, unambiguous way
this could become the best crypto currency and crypto currency community ever.

And if 10% of them start sending one transaction per week bitcoin is fucked.

* let the future tesla buy data from sensors in parking houses so the driver knows where free parking lots are before they arrive
* let the future tesla buy traffic info so it can navigate around traffic jams
* let a agricultural irrigation system buy weather forecasts so they know how much water they have to provide to a plant ( raining tommorrow - dont need to water my plants today )

found the post: https://bitcointalk.org/index.php?topic=1262688.680

JINN assets could be traded for IOTA during the crowdsale, however JINN assets are not tradable for IOTA now
you can find more informationa about that that in the IOTA crodsale thread here on bitcointalk
or on https://www.tangle.ninja/iota/crowdsale

there is a guy that created a currency on the monetary system of NXT, called KIOTA if i remember correctly,
basically he is just trading his IOTA bought during the crowdsale in exchange for NXT,
but i cant say anything as to how trustworthy he is, so yeah....due diligence and all, you know the crypto space.

last price for KIOTA was 350 NXT for 1000 IOTA, that would evaluate IOTA at a marketcap of 349999999 NXT or 7756 BTC or 2,792,159 USD

Concerning your first question I cant give a clear answer to this, beta is sheduled for this weekend tough, we will see what happens after that.

Hope this helps

I agree with this.
Bitcoin today is what MS-DOS was 20 years ago ( or so )
It is shitty technology that we are going to be stuck with for decades,
and it is in the process of dying ( very very slowly )

Seriously how can one look at what some new cryptocurrencies are able to do and justify why bitcoin still exists.

I just reported that site on https://www.google.com/safebrowsing/report_phish/
How do I report a phishing site to Mozilla? for firefox users.

You have to contact Come-from-Beyond:


Most of the discussion about the client and how to set it up is happening on Ryver,
If you want an invite to Ryver you should contact iotatoken and send him your email.

can someone please make Trump-Altcoin,

just so I can dump the trump.

That tutorial was written for Iota-0.0.1, back then then wasn't much of a console or anything, thats why its not in the tutorial, 0.0.1 was just to see if poeple could run it and get them to exchange IP's for meshnet.

current version is 0.3.0 and includes more functionality and genesis tangle, you should really ask on ryver If you have any questions and people there will get you up and running,

If you are not on the river send a PM to iotatoken.