Why will IOTA reach a billion dollars market cap
Because of its extensive use in the real world, but that will take most if the rest of the year. But #3 out of the gate |
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Before Iota even launched it was:
Added to Microsoft Azzure
Received a grant
Was written about in Forbes
Reached a value of 30 TIMES it's ICO
The list goes on. Is this a coin that will reach a Billion Marketcap? If it does, that would mean those that bought at current levels would STILL make 80 times their money!!!
Discuss
I have read this coin only once and there is nothing super spectacular on it on it's features it's only strength is it is being supported by Azure I would have to see a lot of good movements on their trading to become a believer.. You didn't read very well, or you are trolling. Ahmm, no blockchain. Scalable. First true feeless coin. Makes you wonder why Forbes is talking about it and it didn't even launch yet. Maybe not a billion, but it comes in an easy #3 |
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Oh man. The benefits of decentralization rise again. Seriously? Rockethead, too?  |
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The russian needs more caviar
It's never enough
After 5 projects he launch a new one and noobs will give him food for one more year
Ironically, the other NXT affiliates are doing the same thing. Come from Beyond left NXT to try and create a cash grab with this coin, then the rest of them are creating some new PoS IPO coin called "Waves", which is probably mostly identical to NXT and has no real reason to exist. It seems anyone who has ever touched NXT is a serial IPO launcher trying to get people to send them some cash. devs involved: JL777, Kushti. I'm the project leader, Coinomat at NXTforum.
From what I can see, Iota will be mighty profitable. For initial investors and those investing now |
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It doesn't mean Microsoft would own NEM. It just doesn't guys, so you can stop posting all the Microsoft fine print.
Then why do you supposed a mega corporation has interest in an open source project that is crowdfunded and could very well be a huge competitor in the future? Don't forget how they have been brought up on claims of becoming a monopoly and buying out early start ups before. Don't forget how Windows 10 is free but on the cost of sending your information back to central servers for who knows what. Ok, so you're guessing. So their plot is to steal all the altcoins? No Guessing? There's documents of the monopoly charges that have been raised against this corporation, even Europe has sued them for doing this. A quick google search will show you. Here let me help: https://en.wikipedia.org/wiki/United_States_v._Microsoft_Corp. This has nothing to do with it. Stay on track Let me guess, let's not fathom a mega corporation trying to take out potential future competitors, instead let's focus on temporary satisfaction of having a quick P&D for being listed with Azure instead of thinking about the possible long term benefits of a project like NEM succeeding on its own. I have NEMs long term future in mind. But that has nothing to do with this. You are paranoid. Monopoly - sure Trying to steal the altcoins - ridiculous What the hell? It's just not the play going on here with azure. LOL |
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It doesn't mean Microsoft would own NEM. It just doesn't guys, so you can stop posting all the Microsoft fine print.
Then why do you supposed a mega corporation has interest in an open source project that is crowdfunded and could very well be a huge competitor in the future? Don't forget how they have been brought up on claims of becoming a monopoly and buying out early start ups before. Don't forget how Windows 10 is free but on the cost of sending your information back to central servers for who knows what. Ok, so you're guessing. So their plot is to steal all the altcoins? No Guessing? There's documents of the monopoly charges that have been raised against this corporation, even Europe has sued them for doing this. A quick google search will show you. Here let me help: https://en.wikipedia.org/wiki/United_States_v._Microsoft_Corp. This has nothing to do with it. Stay on track |
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For me, the problem with this coin is it effectively throws away the benefits of proof of work while retaining it's drawbacks, thus not functioning as a decentralized, permissionless system as cited in the first post. In that instance, you've created something that functionally falls into the same category as proof of stake, just with higher overhead and worse economic incentives. The economic incentives are so misaligned, the coin doesn't even work at all at release. The solution, CFB calls it, is "training wheels", or checkpoints.
The coin's value should theoretically increase as the security of the network does, at least that's how normal systems function. A baseball player that hits 100 home runs a year usually makes more than one that hits 0 home runs. With this coin, the security at release is 0, but we're supposed to believe the for-profit issuer of the coin that the price should be high when the network doesn't even work. We're then supposed to all willingly join in on this extortion scheme and pay for security now which doesn't exist, with the naive dream it will some day in the future. The way the coin is designed is not really conducive in creating a network effect for this to happen though. You're buying something that needs to go from 0 to large tipping point instantly with nothing in between. It's like hoping dogs will randomly begin walking on two feet and start talking out of nowhere.
Anyway, as I was saying, since the coin already functionally falls into the same category as proof of stake, and the outside entropy of the coin serves no real purpose, he may as well of just created a closed loop proof of stake derivative in the first place and attempted to scale via something like deterministic block production. You'd end up recreating some system like Bitshares, which like all proof of stake systems, is also a permissioned ledger, not anti-fragile, horrific fault/state recovery, etc etc. The point is, this coin is not a valid contendor or replacement to Bitcoin, neither are the proof of stake coins that share many of the same characteristics.
But proof of work is old. Its washed out. Get with the times |
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I say they hit a 100-200 million easy, you?
or hit by bus ~CfA~ The last time I seen you, that coin made me $12,000. This is a good sign |
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Therefore I downgrade my 130sats value to 0 sats. Case closed Iota will not make you 1000BTC return from the 1BTC you invested with yourself. On to NXT3 I don't follow the logic. P&Ds seem to work. Technological fundamentals can be obfuscated, for example Iota is using centralized servers on launch so ostensibly they can insure they can enforce convergence of consensus. A dollar a piece seems alittle high? I say they hit a 100-200 million mc easily, you? |
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It doesn't mean Microsoft would own NEM. It just doesn't guys, so you can stop posting all the Microsoft fine print.
Then why do you supposed a mega corporation has interest in an open source project that is crowdfunded and could very well be a huge competitor in the future? Don't forget how they have been brought up on claims of becoming a monopoly and buying out early start ups before. Don't forget how Windows 10 is free but on the cost of sending your information back to central servers for who knows what. Ok, so you're guessing. So their plot is to steal all the altcoins? No |
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It doesn't mean Microsoft would own NEM. It just doesn't guys, so you can stop posting all the Microsoft fine print.
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I probably should ignore this, but one time I will respond... I'm sure you have, I know how smart you are...
I've documented how smart I am: ... but I display sometimes genius level insights [...] I have tested > 140 IQ twice on some tests but lower (high 120s to 130s) on other tests. I don't have the score from the only formally administered IQ test I received in elementary school. But from what my mom said, I can correlate my SAT scores to an IQ that is roughly the same ballpark around 130, but note I showed up with a hangover to take the SAT, I didn't study for it at all, and I was clearly more accomplished in mental creativity than my best friend who studied for it and scored a 100 points higher than me. I generally don't perform well on tests that attempt to test skills that I am not interested in, such as puzzles that have no purpose. I am a very purpose driven thinker. I want to explore my imagination to solve problems or challenges that are important to me. If I try to motivate myself to become interested in solving puzzles that I am not really interested in by imagining that the ability to untwist their structure in my mind enables me to solve some other problems I am interested in, then my (especially timed) performance increases. What I have noticed is that I have 2 gears. When I am very motivated, I engage the hyperthinking gear, then my IQ is higher. It also seems to correlate with my energy level and my physical health, because I consume a lot more energy in hyperthinking gear. I don't know if any others have experienced this phenomenon? https://robertlindsay.wordpress.com/2011/12/05/why-you-dont-want-to-be-a-genius/I remembered that my ACT which I took when I was sober (but still didn't study for it) over the summer between high school and college (as it was a requirement for L.S.U.) corresponded to 100 points higher than my SAT, so that was another confirmation that my IQ is in the 130s. I think my "g" is some where between 125 - 135 and I note my verbal scores are significantly lower (just above average in high 80s percentile) than my math (98 - 99+% percentile). But I think when it comes to creativity and the ability to conceptually abstract a problem or issue, my IQ is higher.
Seriously, you should probably spend more time trying to work with other teams directly - most of the time the things we think others are overlooking are there for a reason
There is a reason I have interacted with the smartest developers on this forum, including Gmaxwell. Unfortunately the developers here are not the best. I would prefer to work with the best. They typically are not interested in working on crypto currency, but I will be able to motivate them because I have a project under way which can be a real software company startup. I'm guessing you scored higher, but are scared to say it because you think people won't take you seriously. 140s is good, no question, but I have scored higher, and I bet you have too. IQ doesn't measure functional intelligence, which is much more important. Even greater an issue is mental health. This can make it all pointless. This pertains to you alittle. However, your social skills, or lack of them, is very well documented right here on this forum. The point that you would bring up IQ scores is suspect to begin with, but not as suspect as acting like you didn't know the background of CFB. As much as you are on this forum, it would only take someone with an IQ of 70 to know you were lying about that. And using big words, just to use them, when much simpler words would suffice, or do ha ha, is suspect of your confidence concerning your intelligence as well. |
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Exactly, thats more like it. My bad  |
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Take all that together with the fact that Iota's consensus convergence depends either on all payees choosing to employ the same Monte Carlo judgement
|| Take all that together with the fact that Bitcoin's consensus convergence depends either on all payees choosing to employ the same Longest Chain Wins judgement The distinction is that that there is no way to verify from the block chain whether every payee did employ the Monte Carlo judgement. Thus there is no Nash equilibrium. Kaboom! You must have realized this AFTER iotatoken turned down your offer of collaboration, surely. |
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Wow I actually didn't realize I had so much IOTAs. Sounds good to me.
rofl man you are a little phony arent ya? No really, I misread or forgot about the numbers on the first genesis link. So I just realized that I have more than what I thought. I can sleep well now. Good night. Must be nice. Just heard of it. Impressive project!!! Btw, CFB is sparring with some heavy hitters over in.. https://bitcointalk.org/index.php?topic=1414866.100 |
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This is great I would have paid money to see all you characters sparring with CFB. You're losing btw. But you should because you are all full of shit. You guys are pretty scared of Iota I see. I wonder what a look up my ass would turn up? Smooth?? |
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What does the 46,000 users online refer to??
Is it just a way to get people to click? It worked for me, that's why I checked it out. Good idea.
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You may not be the hottest dev in crypto, but you wrote the longest post in the history of BTT  hahahaha, I remember when Gimre use to tell me "you got to make things shorter if you want people to read them," but I can't. There is just too much going on in NEM, and lots more that I want to write about but haven't got the okay yet so it could have been even longer! so it fills at least the Bitcointalksites of a coin which interest nobody. (This should be no trolling -i am also invested in NEM-, but reality...) NEM should interest everybody. It is really a remarkably stable and well-designed platform  This is true. I'm not the most active and have been gone for awhile, but NEM is impressive. Slow and steady. No pump, flash in the pan, etc. It will stand the test of time, and stand out more as time passes. |
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