How could you HATE Christmas?  |
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I came across this project when I received newsletter from Bittrex that it will be listed on their exchange, I can see this is not an ICO project, I will like to ask how the huge number of tokens in circulation was distributed, is it by Airdrop or mining?
There was a crowd sale were all token has been sold. No (pre)mining just one sale. Also the devs had to buy together with all participants in same crowd-sale. more here: http://www.iotasupport.com/
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You missed the fact that IOTA is launched for almost 2years.
You know about something now don't means that it exist since yet.
There was a time when IOTA was really cheap...
well, yes, but was not possible to buy them easily over an exchanger, bitcoin hit exchangers having 1-2$ price or less, not at 40$ Oh, it was! http://iotaprice.com/Your math is not wrong, but you cant compare IOTA with Bitcoin. Bitcoin was the pioneer tech at a time where nothing else existed as a vision and a small network. These days all crypto tech is walking on roads already build. So current markets and infrastructure is not comparable with early 2008/2009 days... |
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bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
You missed the fact that IOTA is launched for almost 2years. You know about something now don't means that it exist since yet. There was a time when IOTA was really cheap... Definitely interesting. So you have by math a reply to what it'd be a right price... well I see people that bought during ICO time and now they're selling all. By their opinion iota is overvalued. If not why there is a sell offer in a bid list on bitfinex?
On my own I don't understand a good value for iota. My doubt is: if iota is for small transaction well iota has to be at a low price. It's the power of logic but not for an exchange mind oriented.
How can you see someone has bought during ico and selling all now? And having ask and bid orders is called a "market" - ever heard about it? I agree with you that you don't understand IOTA. Here is link that may help you out: http://www.iotasupport.com/One IOTA for a valued transaction cost around 0.0000004 usd - this is not a low price in your mind? Seems the power of logic is not with you ... |
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great to see there is already an article collection in iota forum!
Thanks Yassin!
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Hey Yassin! thx for distribution! You are quit attentive! But in future why not post this nice info to iota forum and just provide here a link to it? All the guys here should better come in contact with dedicated iota forum. Cheers! |
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Would be nice to if IOTA could have a testbed there! This would attract people more than any bla, bla - and prove that it is available now... |
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Could we have a more detailed response as to what is proving so difficult?
The stars say that only the 9th GUI dev will deliver. Or the 0th (me). Hope you'll stick to monochrome theme for the gui and open source! Styles and colors are overestimated;-) All the guys who ask for a fancy UI find it at the exchanges, where they want to speculate anyway. Keep on focusing on essentials and back-end features (I know you do it...). The UI needs just four buttons and a listbox, so the speculators can transfer their funds... If it's open source, you just need to provide the basic examples and the rest comes by it self if its really needed. Btw, is the ternary system starting with 0 or 1? (1*3^0) Wish you a cloud less sky tonight! |
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Hey, guys and gals. I'd like to get your feedback on the following:In it's current implementation Iota's ledger is based on inputs and outputs like Bitcoin. There is another way - balances of accounts like in Nxt and Ethereum. Now I see that if Iota used the latter it would be more efficient because: 1. No need to send the change back to myself which makes the tangle smaller 2. A lot of dust inputs could be spent with a single payment and this would be more secure because every address reuse leaks the private key 3. A new address wouldn't be needed for every incoming payment (this would make acceptance of Iota donations simple, in the current design it's PITA for humans) 4. Off-tangle payments would become simpler 5. RAM requirement for full nodes would be relaxed The only problem that might arise in balance-based Iota is worse consensus convergence, but after analyzing the issue I don't see what could break. I'm thinking if it's worth to do a little redesign that could take few days of extra work... As stake holder I vote for waiting and implementing the best from beginning. From my experience its mostly not a good idea to start quick and dirty and try to fix it after release. And in distributed systems where each confirmed transaction matters, its even more critical not to break the past! Anyone who need a working client now can try to play with alpha release. We talk about days or maybe a week!? IOTA, please don't satisfy the folks who want to see iota on the exchanges as soon as possible for quick profits. Please develop with respect to sustainability. |
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That article talks about numbers which are multiples of 9. I'm talking about any number. Is it something you may share - or will it be published later by mthcl... ;-) |
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Is the POW concept explained in the paper?
No. Phuu, seems I'm lucky not to go through all the math:) Is the concept released anywhere or do I need to be patient? |
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My assumption was that IOTA is in Java and you use java object serialization.
Could you give me a hint ;-)
We use our own serialization, Iota works with trinary-based numbers. OK, seems I need to be patient until the "Katze is aus dem Sack" Thanks. |
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Does it means, all encrypted messages become encrypted again by receiving nodes
and than sent further?
(I try to get the POW part)
No. Messages are retransmitted as is. Is the POW concept explained in the paper? |
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OK, that implies you use bytestream <=> Object conversion by JVM.
No, JVM is not involved, it's conversion of Iota objects. My assumption was that IOTA is in Java and you use java object serialization. Could you give me a hint ;-) |
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Message can be encrypted or in plaintext.
All nodes send the message, not the hash.
...
Does it means, all encrypted messages become encrypted again by receiving nodes and than sent further? (I try to get the POW part) |
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...
I didn't get the serialization of a packet part - all packets are serialized objects.
OK, that implies you use bytestream <=> Object conversion by JVM. |
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