The quote you linked to was about IoT's impact on the world in general: if you think Industry 4.0 won't be a revolution unlike anything humanity has ever seen, well then you are not up to date, which explains how you missed IOTA crowdsale and now feel sour.
Oh, I'm sure you were just overcome with enthusiasm about IoT and your deceptive hype had nothing at all to do with trying to drive up interest for people to invest in IOTA buy IOTA software licenses. winkRight by the book As with many frauds, Ponzi scheme organizers often use the latest innovation, technology, product or growth industry to entice investors and give their scheme the promise of high returns. Potential investors are often less skeptical of an investment opportunity when assessing something novel, new or “cutting-edge.”
...
These schemes often promise high returns for getting in on the ground floor of a growing Internet phenomenon.
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Only after the price gets high and profits are missed the outcry will begin.
Not really. I criticized iotatoken's deceptive hype and pumping even before ICO, starting here in October along with several follow up posts on the same thread. Nothing has changed, except a few more people are saying the same thing now, that is all. It makes no real difference to me whether the price is high or low, though I will agree with you that if the coin were completely dead no one would be discussing it, obviously. |
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It's not a theme for discussion and will not be ever.
/facepalm That's the great thing about unmoderated threads, isn't it? |
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Also sort of works, but has other issues. Even in the best case the cost will be high.
If you know a way to break the system, even a "high" cost can be pretty low. I was unclear. I meant the cost (in terms of on-chain contract execution) to generate usable random numbers using this sort of multiparty protocol, not the cost to attack. |
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The discussion was about a nondeterministic output for use as a random number generator. The suggestion was to loop (an unknown number of times) until the next block is solved. That can't be done.
My bad. Sloppy reading, sloppy day. However, I still think you could use block hash(es) as long as the cost of generating proof-of-work to meet some predetermined sequence exceeds the benefit from doing so. Yes, but unfortunately it is likely impossible to determine what benefit might be achieved (across multiple contracts). I think TPTB has commented on this. Also sort of works, but has other issues. Even in the best case the cost will be high. |
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why is HODL les then 10ksat for buying and less then 5k sat selling   at YOBIT ? Most likely due to miners dumping coins they mined with vps free trials. It is too expensive to mine otherwise and it has already recovered. Great time to buy when they get that low! HOdl will likely not get that low again. i see , its now 13400 / 9000 I've got some BTC on the way to buy some more HOdl...I was pissed when I saw it drop that low and come back up and I couldn't buy any! 575 HOdl @ 5001sats are you kidding me?! yeah that was stupid of the miner to dump so low, its been selling between 13K and 15K for a while now. Also, the volume on the exchanges is pretty low. There are bigger trades on my OTC thread and even the total volume might be higher some days. Good to check there if you want to get a complete picture of the market. (Price on the thread has been fairly steady at around 11-12k.) https://bitcointalk.org/index.php?topic=1372878.0 |
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I've made 2% in 20 days lending to some dude ... wonder if he forgot he borrowed em?
Many times when I checked XMR lending rates have actually been lower than BTC lending rates. Yes that is usually the case. There is relatively little interest in shorting XMR most of the time, while people are very happy to short BTC* against whatever hot coin is being pumped. * aka buying on margin. |
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I've made 2% in 20 days lending to some dude ... wonder if he forgot he borrowed em?
Many times when I checked XMR lending rates have actually been lower than BTC lending rates. I'm actually really puzzled by poloniex's handling of the situation. It seems if a borrower agrees to pay .1% a week ago and today there are multiple loans for .03% that poloniex would borrow an available .03%, kick back the borrowers .1% and pocket the .07% difference. Very confusing to me why I am going on 20 days at .1% with XMR. It doesn't work that way. Only when the trade is closed or the term expires is the loan paid back. |
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Or we could just go with the simple, obvious, and most likely correct explanation, which is that iotatoken briefly slipped off his phony and transparent "not an investment" routine and we got a brief glimpse of accidental candor. Understandable to make mistakes, he's only human.
No, we couldn't. We play lawyers games or those words bear no legal consequences. It's the latter but hey, a new update is ready and being tested, I don't mind playing with trolls now. I'm not altcoinUK and couldn't give a flying fuck about iotatoken's legal consequences or lack thereof. I'm calling him out for being a deceptive shill and pumper. |
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As I said, all that will do is count how many times the contract is involved. How is that useful?
By incrementing, I meant adding 42 to a variable (ok, sloppy terminology again). Not useful at all, but if I understood you, you said it was impossible to do. But perhaps you meant, impossible to increment repeatedly within a single block interval. No and it is not impossible to do that. A contract can be called multiple times in a block. It can also increment repeatedly during one execution. What it can't do is increment a nondeterministic number of times. The discussion was about a nondeterministic output for use as a random number generator. The suggestion was to loop (an unknown number of times) until the next block is solved. That can't be done. |
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I understand English is not your first language, so I will break it down for you. The phrase "any other investment" means the object being discussed is also an investment.
"This vehicle is faster than any other car" means the vehicle in question is a car, not an airplane. By contrast, "This vehicle is faster than any car" means the vehicle in question is not a car.
I'm not sure English nuances are applicable in this very case. There is a concept in jurisprudence that defines how "other" should be treated (mainly in laws). Sorry forgot the latin term, in short, common sense (unsurprisingly, hehe) shouldn't be used. Or we could just go with the simple, obvious, and most likely correct explanation, which is that iotatoken briefly slipped off his phony and transparent "not an investment" routine and we got a brief glimpse of accidental candor. Understandable to make mistakes, he's only human. |
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I'm not sure what you are trying to accomplish, but this will simply count how many times the contract is executed before it expires. Nothing random about that, its just a counter.
This Still, if the clock period is block, and, code-wise, can be used as a ...clock, then there is a clock.
So, say, I write a program which says "I add 42 to 42 to 42 to 42 ...until next block is found". Although I'm not incrementing until next block (which would execute only once), but until block is at certain height. As I said, all that will do is count how many times the contract is involved. How is that useful? |
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That portion of the quote is not the relevant one
It's the same because ROI means "return on investment". I understand English is not your first language, so I will break it down for you. The phrase "any other investment" means the object being discussed is also an investment. "This vehicle is faster than any other car" means the vehicle in question is a car, not an airplane. By contrast, "This vehicle is faster than any car" means the vehicle in question is not a car. |
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Precisely that's what happening: he is just desperate to sell his story. But he is not even consistent, and when he wants to convince noobs and naive users to buy into the scam then he admits that IOTA is an investment ponzi...
Nay, "ROI" is a slang word. Try harder. That portion of the quote is not the relevant one I am seeing 10-15x ROI after 2 months, even without a beta! That outperforms any other investment you can even imagine.
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while (block.number != previous_block) x += 42
No! Transactions/contracts/programs execute within a block (by being included in the block!). The block number will never change during execution. Ok, that was sloppy. When initializing the contract, define cutoff = block.number + N. Then increment while block number <= cutoff. And if you're lucky, you get to do that N times. I'm not sure what you are trying to accomplish, but this will simply count how many times the contract is executed before it expires. Nothing random about that, its just a counter. |
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New beer license auction
There are currently 7 BEER licenses (S-BB), and the new production model requires 3 licenses for full output of a factory. In order to support this new model without stranding a license, the town has decided to auction 2 additional licenses. In addition, the NPCC quota will be increased to absorb the added production. There was also, I believe, an adjustment made to reduce MEAD, which should indirectly reduce the oversupply that has burdened beer prices.
Each license grants 10K BEER/year production. The production cost is about 2000/BEER. Selling prices and profits have been low (around 1k/BEER profit in recent weeks), but with the above changes, may improve in the future.
Please bid for S-BB on Agora marketplace. 72 hours after this post, the top two bids will win licenses.
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"As with many frauds, Ponzi scheme organizers often use the latest innovation, technology, product or growth industry to entice investors and give their scheme the promise of high returns. " "these schemes often promise high returns for getting in on the ground floor of a growing Internet phenomenon" Sound familiar? |
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Thank you for satisfying my request Terms and Risk paper that outlined that it is in no way, shape or form an investment.
 Alright, first of all: there are no investors in IOTA.
Dude, nobody believes that, and nobody believes that you believe that. Saying it 100 or a 1000 or a million times will not make it true. It just makes you look like more and more desperate to sell that ridiculous spin. |
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Transactions/contracts/programs execute within a block (by being included in the block!). The block number will never change during execution.
The alarm clock works by saving a state on the block chain (recording the pending alarms), then it is invoked every time a smart contract invokes it to set an alarm. The alarm contract checks for any triggered alarms every time it is invoked by another contract. Yes, and all of these events will all each occur within the context of one block (which includes the transaction causing them to occur). It is impossible to write a program that "executes until the next block" or whatever it was that was suggested. But it is impossible for this to work with sharding and not destroy the decentralized consensus game theory.
Sure that's another issue. |
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The Ethereum alarm clock doesn't work that way. Your program can't "loop and wait for the next block" the way AlexGR described. For one thing, the alarm clock events are a part of a separate transaction and only one transaction (logically) executes at a time.
I haven't looked into the alarm clock closely, but it seems to me that AlexGR's program could be done even without that service. Something along the lines of while (block.number != previous_block) x += 42 No! Transactions/contracts/programs execute within a block (by being included in the block!). The block number will never change during execution. |
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