byteball should be 50% of iota ?
Why not, the technology is online.  500% of iota he meant to post. Well done I agree. But byteball fans all hide in here telling each other how great it is whilst iota fans are all over the main alt board where the noobs arrive to find the cheap iota and expensive bb  May be community should take over spreading the word about Byteball and try get it in more exchanges,but that will need money some exchanges will ask to be paid to list the coin,Ebtc Community paid 2.5Btc to be listed in coinexchange they managed to get 2.5Btc within few days using donations from the community may be we can do the same here make a Multisig wallet controlled by some reputable members like Michail1 for donation here and move from there. i guess it worth paying some money to get Byteball in some more reputable exchanges. I would also contribute (not much) to something like this, provided your would try to list it as Mbytes not GB. It's so sad how all the noobs think it's soooo expensive |
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after rolling their own crypto I think IOTA have destroyed all their credibility in front of the technical people. Their only credibility is in front on noobs and technically illiterate people. No offence  No offence, of course, we don't expect non-cryptographers to get why own cryptographic primitive was justified. implementing your own, not tested and non-standard algorithm is never justified. It's the worst thing you can do in the security world. Nobody will take you seriously if they discover something like this in an audit. |
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after rolling their own crypto I think IOTA have destroyed all their credibility in front of the technical people. Their only credibility is in front on noobs and technically illiterate people. No offence |
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Well, there is no other opinion that price is not affordable for the microtransactions when it comes to Bitcoin but things will definitely get better soon and I don't see any other good and the long-term option at the moment. It's too early to label 'DEAD' not only to Bitcoin but any other serious and struggling coin as things are not developed yet and even the beta app doesn't work well during development so being optimistic, I think we should give it some time.
plenty of alt coins that provide scalable alternative. Look at DAG solutions like byteball or even other blockchain solutions like skycoin. What saddens me is this speculation madness where all the headlines are covered by BTC price increases and the focus on actual usage is lost entirely. |
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1) On the price manipulation topic: if there is no real cost for a transaction all you have to do is pay the spread for the exchange. As seen in other 'free' currencies sometimes even exchanges engage in price pumping, especially if costs are 0 or close to 0.
What ? Costs are not 0 if fees are 0. And this has litterally nothing to do with fee-less transfer. Exchanges fees and transfer fees are completely different things. And to pump&dump a coin, it's costing you money. Because you have to buy the asset.
2) On the flooding with transactions topic:
How complex will the PoW be to deter an attacker from DoSing the network with 1 cent transactions to himself? We have 3 cases here to discuss:
- an individual with only a few machines available (probably rented in a cloud)
- organized crime with a botnet (think Russian business network)
- unfriendly government
PoW is complex enough to make it expensive. PoW difficulty can be adjusted so it becomes unfeasible even to a large botnet. how much computation does the PoW require that makes the attack unfeasible? Are we talking seconds or minutes with average PC hardware? And if it's very complex will you support mobile wallets? How many TPS will you support? |
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If you have a problem with your windows or android portfolios (IOTA that have disappeared), know that the IOTA team has made available a site to repair your seed and instantly recover your IOTA https://iotarepair.orgthat looks like a phishing site to steal your IOTAs. The very fact that we have these kind of problems that present the phising opportunities shows IOTA is far from ready. You don't see these in other coins.... |
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The real problem of bitcoin are the transaction fees, nothing more, and yes, of course that the time that we have to wait to receive some confirmations over our transaction are a big headache, but that is normal, i dont know why everybody is complaining about it.
I can tell you of two more problems: 1. right now the top 4 mining pools own 51% of the processing power, and even worse these are all Chinese, If china decided they want to close down bitcoin by processing only empty blocks, nobody could stop them 2. Huge privacy issues. Because all transactions are public, if I can identify an address that belongs to you (if we ever do a transaction) then I will know exactly how much bitcoins you still have and how much you are earning. A recent torrent tracker was recently called out for the large amount of "donations" it received because of this. |
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I am looking for another level I can accumulate more IOTA, I know next year will be huge for the company and crypto. The Value of Cryptocurrencies vary very differently from the stock market. Been doing alot of research, in general people who had money in the tech bubble, either have WAY more or went broke. but the people who made it have even more money than ever before, this institutinal money is still not completely seen.
the institutional money will never be seen inside crypto because it's not liquid enough. However now that there BTC futures, they bet on or against BTC without even seeing cryto (which of course if a double edged sword). I think we will soon see a large speculator doing "something" (I hope not a big short) |
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Bitcoin is the big thing like gold or maybe diamonds, and nobody use gold or diamonds for daily payments.
Nowhere in satoshi's vision was Bitcoin to be used only for expensive things. And right now I don't think there is a single real business that uses it as such. All current real users are making small payments, and this market is dieing. I'm not saying BTC Cash is the future, because it's not. It has the exact same problem. But unless these transaction fees are not lowered only speculators will use BTC. And no coin can survive long term with just speculators. |
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>- easy to manipulate the price up by making fake transactions to your self
Price has nothing to do with transfer of value.
>- easy to crash the market by flooding it with millions of transactions to stop all processing
It's not easy, really, each transaction you send you have to do a PoW, so millions of transactions spamming would be a very expensive thing to do, just as RaiBlocks.
1) On the price manipulation topic: if there is no real cost for a transaction all you have to do is pay the spread for the exchange. As seen in other 'free' currencies sometimes even exchanges engage in price pumping, especially if costs are 0 or close to 0. 2) On the flooding with transactions topic: How complex will the PoW be to deter an attacker from DoSing the network with 1 cent transactions to himself? We have 3 cases here to discuss: - an individual with only a few machines available (probably rented in a cloud) - organized crime with a botnet (think Russian business network) - unfriendly government Sorry for asking uncomfortable questions. A lot of users/fans of various coins may consider this FUD, but in the long run (say 10 years from now) the only coins that will still exist are most likely the ones that manage to check all boxes in decentralization (and resistance to government attack), scalability, and low costs. To put things in perspective, bitcoin right now fails at all 3 (4 mining pools own 51%, there is a huge backlog of unprocessed transactions, and fees are as high as 100$ now). |
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I have a question about the free transaction aspect. I see this as a danger to the network. If it's free you can do two nasty things:
- easy to manipulate the price up by making fake transactions to your self
- easy to crash the market by flooding it with millions of transactions to stop all processing
How are you going to address this, and do you think it's worth addressing considering there are already 2 DAG coins that are "free"?
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Im pumped about the price "pump" haha what has caused it to surge so high can anyone help me understand?
Thanks
all DAG coins went up because of the IOTA hype. IOTA went up 10x in a week, revealed there were some problems, then people started to look into byteball and railblock. As a result, both went up 2x. I really don't think there is anything more to it. Even if you argue it was the byteball news (ability to email coins now), you can't say the same about railblock and it had the exact same pump. |
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BUY HODL.... and chose your LAMBO colour in 2018 Q4  I think you meant later this afternoon. someone shill me on IOTA real good, a good writeup article or something. I was playing with numbers and was wondering how long it'd take something to hit multiple trillion marketcap, -- next thing I'm reading https://medium.com/@peterryszkiewicz/iota-price-analysis-and-predictions-1a5855a7c36 --- "If we use our liberal multiplier of 552x, we get a price of $552 — $2760 per Miota and a market cap of $1.53–$7.67 trillion!!!!!! Keep in mind, these are the liberal estimates and could take some years to come to fruition.". ---- "some years": opinions? the whole crypto currency market is in a bubble right now. It's going to keep rising until it eventualy pops. Then the select few surviving coins will fall to almost 0, then rise again. Trillion market cap? Perhaps in a hundred years only if it truly gets adopted as payment system for most things. Right now there are so many IFs through that long term thinking is closer to playing the roulete. My horizon for all crypto-investments is in months, with one hand on the sell button at the first sign of trouble. Hopefully I won't get caught in the squeeze Those who traded other bubbles in the past know exactly what I'm talking about. The rest will be more prepared next time |
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We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.
We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.
Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.
I cannot believe on that, If you are going too look on the market then you will notice that the value of bitcoins is increasing massively and it was very nice idea to invest today because the growth of btc each day is massive. not everybody cares about the value of bitcoin. The value right now is driven purely by speculation. What we care about is real usage, which right now is a HUGE issue. Businesses are dropping bitcoin because the fees are absurd right now. Instead of getting more adoption, it's loosing current busineses. I work for such a website that uses bitcoin now, and we have suspended all bitcoin payments right now as well. Currently considering implementing other alts like Monero or byteball. The problem is exchanges still only list BTC related pairs. Again, I cannot stress this enough: if there is no real usage, bitcoin will fall. Speculation alone cannot drive a coin forever. |
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Yeah Bitcoin is a store of value like Gold. Do you can use gold for daily payments? No.
Do you can shares for shopping? Threra a lot of good coins for small payment and daily use.
it's not a store of value because it doesn't have intrinsec value. Don't fool your self. If there is no real use then it's going to be dead soon. Something must be done with the fees because bitcoin today is no longer usable for anything real. |
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Bitcoin price can't crash like that in one day, even Trump is unable to do that. Even in the worst cases where all governments start banning Bitcoin, people will keep trading, the price will decrease for sure but will never fall down to 0.89$. or even better What would you do if Bitcoin Skyrockets too 2,5 million USD per Bitcoin You are very optimistic, thta's good but if you are going to invest you have to be more realistic. dude, the moment the price goes down significantly and people start panic selling it will be like a snowball. Nobody will be able to get a confirmation on their transactions, they WILL panic even more and the price WILL go down very low, maybe even to 89 cents. and it will all happen in days, whereas people will be stuck with their transactions in limbo for months (imagine millions of txs in a backlog). You may be right with that scenario, I don't like it but it certainly sounds reasonable if this nightmare scenario happens it will be bye bye bitcoin. If people start to panic sell and the price plunges to 1$ the exchanges will likely loose tons of money and go bankrupt or stop tradeing, miners will stop processing tranactions because it will not be worth it and the whole network will freeze. You will simply not be able to do any kind of transaction. Stop day dreaming about buying low because it will never happen. |
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IOTA seems to be a good project with the good team. But what about the owners? Who are they?
There are no owners. IOTA is organized as a foundation. Check this link for a list of foundation members: https://iotasupport.com/foundation.shtmlthere is no actual difference in this case between a foundation and a company. So they kinda are the owners and own a huuge chunk of the currency mass. |
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Where do you think will be the price of this coin next year? I mean the higher value that can reach this coin?
The sky's the limit. When people start to realize "store of value without utility" is not sustainable. They will look at tangle or lattice type of blockchains which Raiblocks is the most convincing of the three. why do you think it's more convincing then bytebal (other then the no fees which has downside too)? |
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I’m still waiting to be paid back. Dominik himself banned me from the slack channel for demanding my tokens be returned. So it’s not ok to talk truths about iota. So, I’ve had to come here and I’ll troll his Twitter account. Maybe someday people will wake up and see how controlled and useless iota is.
I have been robbed( as have others) by the “ greatest coin in existence today”
If this is true this thing has absolutely nothing to do with actual cryptocurrencies. The very definition of a cryptocurrency is that one can not simple take away someone's tokens... in IOTA you can. The foundation has seized funds before when the send addresses were re-used. It's a vulnerability in the protocol that allows them to |
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I've only recently discovered XRB and I'm about half way through digesting the whitepaper. This sounds technically better then IOTA, yet has flown under the radar all this time. Is there a specific reason it's so undervalued? Any significant downside I'm missing from the white paper? I'm close to a buy decision and I'd like a critical view on it.
Also, is Mercatox the only exchange I can buy on?
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