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681
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Alternate cryptocurrencies / Altcoin Discussion / Re: IOTA - buy some more?
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on: December 21, 2017, 11:47:26 AM
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Why are there so many coins?
2.779.530.283 MIOTA
Because there are no decimals. 1 IOTA is the smallest unit and 1 MIOTA (what you buy on exchanges) is 1,000,000 IOTA. Make sense? Dont understand that?  What you say is that we have 2.779.530.283 MIOTA to buy on exchanges, right? 1 IOTA isnt worth to talk about imo if you cant buy it. So we have 2 Billion, 779 Million + coins ---- compared to 16.753.075 BTC for example? The base unit of IOTA matters as machines and microtransactions are the intended use. If you look at the data marketplace you'll see that most sensor data is sold in the hundreds of IOTA, not millions. If you bought on an exchange and purchased data, your MIOTA would be broken in down to the base unit of IOTA. If you are only hodling as an investment and have no plans on using your IOTA for buying data or m2m--yes, you are trading in your listed amounts in millions of IOTA (MIOTA)--though there may come a time when exchanges trade it in smaller bundles of 100,000..10,000...1,000...100..10, so it's better to understand this distinction now, rather then be confused if a change occurs. it is absolutely accurate;) I mean istn it that then lower the amoun of total available coins is, the more "valuable" are the coins or can they bč? IOTA has around 100 times more available coins than BTC for example, for what reason?? The reason is because the base unit can't be broken down into decimals, so you need more coins for mass usage. I believe they don't use decimals because it decreases the computational load on machines, but I'm not certain of that answer as I'm still learning how everything works and why they've made certain decisions. EDIT: Apparently decimals do not work well with a ternary computation, which is what Iota uses. If the total supply will be increased (look at other answers to see why they would be increased), all holdings would be multiplied by a number that results in the total supply still being an ideal number for ternary computing.
Ideal for ternary/trinary computing
Ternary computing uses a number system that has only 3 different digits [0,1,2] often also denoted as [-1,0,+1] (balanced ternary) or just [-,0,+].
It's just like the decimal system uses 10 different digits [0,1,2,3,4,5,6,7,8,9] and the binary system uses 2 different digits [0,1]
Ternary ideal numbers are consisting of only the digit with the highes value 2
e.g. 222 222 222
Furthermore they should probably have a length that is divisible by 3 or even a number that has a cubic root of 3 or multiple of 3 because that's how ternary hardware would be built. (Similar to binary hardware which stores data in bytes = 8 bits)--From https://iota.stackexchange.com/questions/210/will-the-total-supply-of-iota-tokens-ever-increase/212#212 |
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682
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Private Coin?
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on: December 21, 2017, 08:32:58 AM
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The best private coin should have Privacy Addresses and Ring-sig/Mixing such coins as: Monero, Bytecoin, ZCash, Spectrecoin.
But if we talk about the best private coin in half a year, then if Spectrecoin will be integrated with BISQ (anonymous decentralized exchange) then Spectrecoin will have end-to-end privacy using privacy addresses & ring-sig. No one will know from whom I bought this coin, when I bought it and sold, and how much I have them on an anonymous stealth addresses.
One of the biggest markets is China. It follows the path of strict regulation of crypto currency and has a China's state-firewall that will block everything that is forbidden: Tor, anonymous coins (if it will be blocked), ... So no one coin will can be used in China with the exception of those coins that have: Tor + Obfuscator. China's state-firewall can't block only Spectrecoin that has both Tor + Obfuscator.
DeepOnion and Verge has Tor, but hasn't Obfuscator. Yes, you can install Tor and ObfsProxy by yourself, but at one point forget to start them and betray yourself. Only Spectrocoin does this automatically by default.
So if we are talking about a better investment, then the most promising coin, with the smallest market capitalization - is spectrecoin.
I completely agree with you! I believe in Spectrecoin XSPEC Check out "richlist" and "largest wallets" to see why its privacy claims are BS. Belief isn't going to stop someone from using the blockchain to analyze how many coins you have--that's not how technology works. |
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683
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Alternate cryptocurrencies / Altcoin Discussion / Re: IOTA - buy some more?
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on: December 21, 2017, 07:28:35 AM
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Why are there so many coins?
2.779.530.283 MIOTA
Because there are no decimals. 1 IOTA is the smallest unit and 1 MIOTA (what you buy on exchanges) is 1,000,000 IOTA. Make sense? Dont understand that? What you say is that we have 2.779.530.283 MIOTA to buy on exchanges, right? 1 IOTA isnt worth to talk about imo if you cant buy it. So we have 2 Billion, 779 Million + coins ---- compared to 16.753.075 BTC for example? The base unit of IOTA matters as machines and microtransactions are the intended use. If you look at the data marketplace you'll see that most sensor data is sold in the hundreds of IOTA, not millions. If you bought on an exchange and purchased data, your MIOTA would be broken in down to the base unit of IOTA. If you are only hodling as an investment and have no plans on using your IOTA for buying data or m2m--yes, you are trading in your listed amounts in millions of IOTA (MIOTA)--though there may come a time when exchanges trade it in smaller bundles of 100,000..10,000...1,000...100..10, so it's better to understand this distinction now, rather then be confused if a change occurs. |
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686
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Private Coin?
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on: December 20, 2017, 03:29:55 PM
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@trainasauruswrecks go to original post where you'll see that I was pointing out that you posted an article that was incorrect in its assumptions. Stop wasting my time with disingenuous statements. You failed to understand that the article was mistaken or posted knowing it was false. You're either ignorant or a liar or lazy and can't admit when you are mistaken and would rather waste people's time defending yourself--just be more careful or understand what your are posting and you'll never be corrected again (it's really not that difficult).
I posted an article and stated that SUPPOSEDLY Monero has had to deal with exploits as well. This is a true statement. I also stated that exploits do not matter, it's how quickly they are recovered that matters. Also a true statement. Where was the mistake in this? That I posted an article? I drew no assumptions as to whether or not it was correct in its conclusion. That's is why I specifically said "supposedly." If you look at your reply (that could had simply said that the supposed exploit was found to be false) you went on your condescending comic book guy rant imposing some sort of ill intention on my post that was not intended. I've just dragged you out this far because you're easy troll bait and it was clear from your response that you would be.  There was no exploit. You linked an article to misinformation. Why? You don't understand how cryptocurrencies achieve privacy--my point. I basically pointed out the article was wrong in its assumptions and that you invalidated your authority on the subject by posting the article/end-of-story. |
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688
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Private Coin?
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on: December 20, 2017, 01:17:12 PM
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Monerro is the best there is no doubt about it in my mind they even hired a guy from bitcoin core to work as a dev on privacy part and you could see the results of his work on the current price.Xzc and other zero proof protocol can be hacked(this already happend to xzc and smart cash) so i wouldnt put my trust on it.Xvg and deep onion use tor for privacy that is already obsolete and for spec coin i doubt that anything will happen with it as its still in beta phase
Let's not forget that Monero has had to, supposedly, deal with exploits as well. It's not whether or not it CAN be hacked, but how fast those exploits can be fixed. https://www.bitsonline.com/monero-exploit-threatens-privacy/IP data is not tx data--that's the difference between on-chain anonymity and bolting TOR onto a coin and calling it anonymous. On-chain is the more difficult of the two, and any user can do the second themselves. Of course you would have known that yourself if you has read the comments in that article or understood how Monero achieves privacy or had known that you can use TOR or I2p with Bitcoin and be more anonymous (more tx=more noise) than a coin like verge which bolted on TOR and called it a day. But thanks for proving you don't know what you are talking about. Here you go--helped you out. The use of "supposedly" does not excuse my point that you in fact did not understand yourself that the "exploit" was not an exploit--if you had a basic understanding of how coins achieve privacy, you would have known and not linked the article in the first place. |
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689
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Private Coin?
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on: December 20, 2017, 01:15:05 PM
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@trainasauruswrecks go to original post where you'll see that I was pointing out that you posted an article that was incorrect in its assumptions. Stop wasting my time with disingenuous statements. You failed to understand that the article was mistaken or posted knowing it was false. You're either ignorant or a liar or lazy and can't admit when you are mistaken and would rather waste people's time defending yourself--just be more careful or understand what your are posting and you'll never be corrected again (it's really not that difficult).
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690
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: IOTA Price Prediction 2018
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on: December 20, 2017, 12:50:39 PM
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Taken from reddit https://www.reddit.com/r/Iota/comments/7l0n9u/haarlem_municipality_develops_iotablockchain/Haarlem municipality develops ‘IOTA-Blockchain’ solution for administering legal documents.
Commissioned by the municipality of Haarlem, ICTU and Xurux developed a Proof of Concept to verify legal documents within public registers via the open source ‘IOTA-Blockchain’
The Xurux and ICTU developed software guarantees the authenticity of legal documents through the open source ‘Blockchain’. In the specific case a citizen can demonstrate to the housing corporation that he or she is an inhabitant of the city of Haarlem by means of Blockchain. The Citizen no longer needs to visit the town hall to receive an official extract.
According to Bas de Boer, innovation manager of the municipality of Haarlem and initiator of the project, the Proof of Concept shows that blockchain or the so called mutual distributed ledger technologies can be implemented in short term. “By figure of speech, the application could be deployed tomorrow. It enhances the technology and its adaptation in the public domain, improving society as a whole.”
Choosing IOTA means that some drawbacks of the Bitcoin blockchain are resolved, such as high energy consumption, transaction costs and relatively slow transaction speed.
The software is released as open source software free for use by governmental and municipal organizations working with public register extracts. The intention is to bring the application in production in 2018. The benefit for the municipality of Haarlem would be 2 FTE that would become available for alternative assignments.
Note: IOTA uses the Tangle, a directed acyclic graph (DAG) for storing transactions and is strictly speaking not a blockchain. Mutual Distributed Ledger would be the correct term.
Xurux is a firm located in Baarn, Netherlands specialized in blockchain – MDL technology.
https://github.com/Haarlem/digitale-waardepapieren[github link](https://github.com/Haarlem/digitale-waardepapieren) |
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692
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best Private Coin?
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on: December 20, 2017, 08:52:08 AM
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X-post as it applies to this thread as well:
This isn't like the NFL draft where only one team can draft Tom Brady. Everyone can use the best technology, so they will--especially given the technology is keeping them from jail or paying taxes. You should be montering the DMs and evaluating the success of a coin on how many markets are implementing them into a buying option--even better if you can find a way to evaluate use, but that's tough given people aren't given up market data (at least not by choice).
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693
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best privacy coin?
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on: December 20, 2017, 08:46:14 AM
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This isn't like the NFL draft where only one team can draft Tom Brady. Everyone can use the best technology, so they will--especially given the technology is keeping them from jail or paying taxes. You should be monitoring the DMs and evaluating the success of a coin on how many markets are implementing them into a buying option--even better if you can find a way to evaluate use, but that's tough given people aren't given up market data (at least not by choice).
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694
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: IOTA Price Prediction 2018
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on: December 20, 2017, 07:32:51 AM
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In longterm I think IOTA price can grow up to 500$.
really? what makes you think it'll reach $500. Have you looked at total number of coins? I think $10 is more likely, if it reaches $50 I'll be very surprised and happy. I had speculated that it would reach $5 between December and January and looks like I was right with that prediction I base evaluations against market, not marketcap versus BTC or any smallercap coin. Given the projections of 10-35 trillion for IOT in the next few years, IOTA only needs to capture a small percentage to be +trillion in marketcap--when the devs say it will be O or a trillion, they are on point. Either corporations join in the building of the IOTA network, or it fails--there's no real inbetween (at least not beyond the context of 2-4 years). |
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695
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: IOTA is the next big thing
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on: December 20, 2017, 06:57:05 AM
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Can anyone confirm that an unreliable iota wallet client is the reason the Binance has suspended withdrawals? Is this concerning to anyone else’s? Or the fact that it’s trading at 30k sats without a working wallet awe-inspiring😂
Binance intermittently opens up their Iota wallet, but it's usually for a brief window (1-2 hours). Not sure how concerning it is, but it would be nice if they'd give some sort of update as to when they expect 24/7 deposit/withdrawals. My guess is they are waiting on Nelson to be fully implemented and tested, but that's just a guess. |
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700
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: December 19, 2017, 09:16:37 AM
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Question,
I am reading a lot of articles again today that Bitcoin will burst because transactions are way to high and payment processing time takes so long... Only people who speculate on the price are holding btc now...
If the Bitcoin bubble burst, do we go down as well or could it be a massive shift from Bitcoin into other coins? I guess we go down, a lot of speculators that own Bitcoin don't know shit about other better coins...
Unless there is a paradigm shift (ie the tech gets usurped entirely), bubbles tend to collapse the whole market. Isn't fair that amazon got lumped in with pets.com, but the market couldn't separate them enough to make that distinction--at least not fast enough to avoid amazon's price collapse. Many will see Bitcoin collapse and think all blockchains are flawed. There's an actual use case for privacy and blockchains, but good luck explaining the fine details to someone who thinks Bitcoin is a company or can be hacked. |
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