This is looks like success )) I don't know, he looks kind of uncertain in the photo.  |
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in its Forbes paper, Laura Shin says:
-bitcoin is a public blockchain, it is the internet ;
-ethereum is a private blockchain, something like an intranet.
do you agree ?
She didn't say that Ethereum is a private blockchain, she's referring to the private blockchains developed by financial institutions as Intranet. |
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I'm against taking anything from ICO investors prior to launch and I think it would have very negative effects on the perception of Iota (more FUD ammo) I do believe we can hit the Foundation goals with community funding and I'm planning to donate more than 5% of my stake to Foundation. What many are underestimating are donations from people that join our community after they buy IOTA on an exchange.
The only way that would happen is if it was unanimously voted for, which won't happen, so in my mind it's not even worth entertaining further, which is why we never suggested it either. We want IOTA to be an open source movement with a Foundation that was established by and for the community. Simple as that. I am still hopeful that we can reach the 5% target pre-launch, but now that we're closing in it's an urgent matter, which is why I am pushing the issue. The Foundation I am initiating will only happen pre-launch or it won't happen at all, I say this because I know from years experience in this very field how this works. I don't believe for a second that we'll see a lot of donations post-launch of IOTA on exchanges. There's no way someone will buy at a 20-30x ICO price and then feel like donating when there's still people who made this 30x profit who isn't. I have NEVER seen that happen in my 4 years in crypto and do not expect it to happen now either. Humans are simple mammals, once people mentally attach a value to their tokens (always happens, it killed Nxt and stalled Bitcoin for years), things stop progressing. So this is a 'now or never' for me. Several of the large companies I am in touch with is open for funding the foundation after we run out our funding in the future and we're actively in talks with them regarding being official members of the foundation, but that requires that we first get it off the ground. This is real life business, not crypto nonsense. People need to start accepting that IOTA is not some random crypto project, it's a genuine IoT standard movement which aims to be a solution in the real world, with real world deployment and utility from start. Oh okay, wasn't sure if this was a serious proposal or not. Anyway, I agree with you in that I'm very confident we can get the Foundation to 5%. |
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I'm against taking anything from ICO investors prior to launch and I think it would have very negative effects on the perception of Iota (more FUD ammo) I do believe we can hit the Foundation goals with community funding and I'm planning to donate more than 5% of my stake to Foundation. What many are underestimating are donations from people that join our community after they buy IOTA on an exchange.
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Oh I remember Wesley from Nxt. I didn't know he was slow but at least he has the skills for the job and will not leave us like the others.
He was very fast. He created the first UI of Nxt, very great stuff and good guy. A good guy indeed. He must have serious health issues that slowed him down. Agreed, Wesley is one of the best, would be great if he was a contributor to Iota. I still can't believe Nxt doesn't have more adoption, such a great platform, but oh well. |
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At some future point of time ETH will make the transition from POW to POS. (By the way, does anybody roughly know when this transition will take place?) After this transition, ETH will yield some kind of "interest". Will the ether coins that are bound in DAO tokens also yield interest?
If the Dao decides to stake then they could earn some interest. However it's been rumored there will be a cap to the amount you can stake, I think it was 60k eth, so it wouldn't yield that much Eth as there will be pools and many individuals that will also be staking with the maximum 60k. |
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Thanks for the update, please let us know when testing commences.
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What about buying things that eBay prohibits? I'm sure that their investors aren't thrilled with the idea of a marketplace for drugs, weapons, credit cards, WoW accounts, nazi paraphernalia, etc but this might be the best reason for OB to exist.
Dark markets exist for that. The issue is the governments have figured out they can't stop Dark Markets, so instead they are going after Tor and users of Tor, lumping them all in as criminals. So the only solution will be a completely anonymous protocol like Iotatoken said, Zerocash. |
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On top of this you also of course got the other use-cases that are enabled by the world's first scalable distributed ledger with no fees.
Glad you mentioned this, as it's becoming an issue with Bitcoin and has huge potential implications on the future of decentralized information access. Iota has many possibilities beyond M2M! |
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This is the biggest lie of all cryptocoins - that these coins are more convenient for spending than fiat money. It works only if you buy illegal (drugs) or barely legal (webcam girl show) stuff. All the other things are better to purchase with VISA or Paypal, because they protect customers. In Bitcoin et al. it's merchants who are protected. The case is different if customer = machine, because they can't buy stuff with "paper" money.
I agree, the other issue is that people love to say bitcoin is much cheaper than paypal etc due to lower fees during transmission but the they forget to factor in the buy/sell spread. On localbitcoin for example it is around 7% The only reason people feel secure in BTC is the ease of exit to Fiat, not the ability to spend it anywhere, which people really don't do. Consumers drive markets, which is why OB will fail, it caters to the seller as a better way to make money (no fees) but offers no advantage to the buyer. BTC as it is will not succeed as a currency beyond dark markets, but may succeed as a store of value. Iota is targeting an entirely different market and not pretending to be money. People will look back on POW in years from now as a very antiquated, wasteful and centralized protocol. BTC is being run by a handful of people, both from core development and mining. |
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I think his English is just not good enough to express his question.
Perhaps he can post his question in his native language, and we can all respond using Google Translator, then he'll know what if feels like to read one of his posts. |
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These coin is scam  You literally have nothing to add in any of your illiterate posts. |
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More places to sell your ethers. I don't really see why are you so happy, Mr Pumpy?
As Eth holders are desperate for another place to sell  |
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Can someone post a link to the latest IRI client? I can't get on Iota Chat.
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guys in some days there will be the slock.it dao, you think that this could influence eth price and give us some pumps?
Yes, and Eth is more influenced (price wise) by news, so I could see a couple things snowball for ETH to new ATH's. BTC seems stuck in 400's limbo. |
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Hey Come-from-Beyond, how's it going? Intriguing project.
Is it reasonable to assume we'll see a launch in 3-6 months?
With the current rate of 300 txs per day we'll reach 1 million tx milestone in 9 years. So it's not reasonable. Cool, so we're on the BTC Beta schedule! |
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Working for me, nice to be testing Iota!
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Can someone post a link to the Foundation Funds spreadsheet? I'm patient but do believe once we have the GUI we will see some good progress on establishing a Foundation (hitting our goals for funding) and strong community. I think there are a lot of secondary deals up in the air, but I expect we'll see a lot of new faces once we hit an exchange and people start buying. Going to be exciting |
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