all I see is a bored chauvinist who has time to troll but no real interest in checking facts, which makes you a liar. I guess you heard that term before. the more people you meet, the more you trigger, it's your nature. you're a dick.
see ya, boring guy
Yeah thanks for the nice welcome to iota community bro.  Great arguments you have as well, "chauvinist troll liar dick", if you want Ill give you a dictionary of adjectives and insults which you can use to describe future critics of Iota. Iota community seems to be running out of insults for me so far. a little bit of self-reflection would help "bro". you don't even see your mistakes or insults. that's what a chauvi does. Why are you even so upset? Did I call you a chauvanistic dick liar or anything at all? Dont be upset at me, be upset at IOTA devs who fooled you. Im just the messenger dude, and if you still so strongly believe in IOTA you can just say "thats like your opinion man", and be done with it, no need for personal attacks. |
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all I see is a bored chauvinist who has time to troll but no real interest in checking facts, which makes you a liar. I guess you heard that term before. the more people you meet, the more you trigger, it's your nature. you're a dick.
see ya, boring guy
Yeah thanks for the nice welcome to iota community bro. Great arguments you have as well, "chauvinist troll liar dick", if you want Ill give you a dictionary of adjectives and insults which you can use to describe future critics of Iota. Iota community seems to be running out of insults for me so far. |
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iotatoken=david=shit
IOTA=SCAM
so fuckin simple, just watch and learn at their moderated forum.
"scam" implies a malicious intention, Great point. Now Id say its not a real scam, its just incompetence. The scam is an opportunity, not originally planned for. IoT is very attractive, its an enterprise buzzword, so of course it attracts real people with real good skills, but the founders and leaders, are just incompetent, both technically and socially obviously, and are delivering vapor, "almost-good" "we will have it ready soon" "from day 1 we knew we have to build asics and sell that duh". The train is in full steam ahead, the crash wont be spectacular, good parts will fall out of IOTA. But it wont be the one and only machine economy infrastructure or anything like that at all. may I ask for your qualification? you seem to be better than every genius in the iota-team Let me explain like this, Even if I cannot paint like Picasso, I can still tell that your painting looks like shit and Picassos doesnt. Even you should be able to see Iota for what it is, if you had not invested in it and now your critical-thinking is malfunctioning. You just want it to happen you just want it to work. You just want the damn money. And you and I both know, IoT micro-transactions market exists, corporations are dying for it even today, they want it. They want to sell their sensors data in automated fashion. Look at it from a different perspective, if you are developer of IoT applications, from all the developer platforms out there, and all the chips, how many support the non-existent Jinn-machine/power-hungry ASIC? How many chips today need a power-hungry ASIC, extra-chip integrated on a micro-controller, in order to "broadcast txs to other nodes" for anyway not receiving any protection? I am telling you, 0, zero, none. You do not need it, in fact it is an extra cost, both in integrating it with micro controllers, and various IoT platforms, maintaining it, and in your application - all for what? "Zero-fee transactions"? For not having any more protection of your "IoT nodes" txs than SSL/TLS already today offers if you anyway talk to a full node under your trust. Byteball does it better, and it does it much better. The fees are minuscule to what you can do, if you have 1Gigabytes, you can do 826 000 txs, and if you dont want your IoT device to "run out of balance to send txs", a declarative smart contract away puts the fee of 580 bytes on the buyer of your sensor-data. That is all it takes, a declarative smart contract in Byteball, a very light wallet, put 600bytes on all your IoT devices, and sell their data at market prices. Buyer would pay 600bytes (tx fee) plus your set amount to buy say weather or such data. When you receive it, your IoT devices give that. Byteball also supports Oracles so all this can be done decentralized. If you dont want the very light wallet on IoT device (to develop it now), or to put any bytes on each device, you can use already made HTTPS API in all IoT development platforms and talk to your full node wallet. It cant get any simpler than this. But anyway, good luck with it all. And in the end, it's all a competition for you. That's the point. I don't see Byteball as a competitor. Not one iota. You reveal your intentions.  Wasted energy, srsly man. All for nothing. Now, dude seriously? It was just an example, I might have as well used SPECTRE or any other shit coin in the example - of alternative solution. Just because it has Iot in its name doesnt mean its the best suited for it. Value shifting between two humans happen when exchanging paper-notes or coins or mobile-phones or rocks, all else in digital crypto is machine-to-machine communication. Just because it doesnt "aim for", doesnt mean it wont be most applied there - see Linux, mostly applied on servers and super-computers, while it was "aimed for" hobby geeks PCs. The issue with credibility, is with the developers/leaders/founders - Ive explained before here their treatment of me when attempting to join Iota community. They arent socially skilled to lead a project of the vision of Iota - they are the weakest point, worse than the asic idea. Issue with credibility - censoring/deleting my posts from here in the main IOTA thread for asking the same shit I ask here. That is lying. Hiding information/questions from others. Yes, heard about those buzzwords, ever heard of Markov chain? Oooh sooo fancy. Ternary? Please, it was attempted even in 1960s. Jinn will get cheaper? So your entire investment in IOTA rests on a still-magical hardware to get cheaper. Cheaper than IoT microcontroller which costs $1 ? So you want post-quantum crypto/openssl, a google away is https://github.com/open-quantum-safe/liboqs that wasnt hard. you cannot buy sensordata for prices
LOL, ok then wtf would you buy it for if not a price? A gigantic, like really humungus gigantic amount? How much is gigantic for you? Do you have difficult writing the word trillion? Show examples or go home. Anyway my example was just to wake you up and see a different perspective it was not a "think before write" example, its okay if you dont want to think of anything else than what IOTA are selling you. Yes, yes I do discredit any other piece of shit technology/idea I see. Ethereum and TheDAO scandal in particular, I laughed at it before its launch (Full Turing machine... like fucking okay dude, tell me how that wont fail exactly) and I continue chuckling even now, which is how I live my life. What is my motive? Excellence, just that, elegance and excellence in software-industry, I dont want to be surrounded by scumbag IoT devices using more power than they need, polluting the environment even more for no gain at all - my motive against iota asics is environmental protection, and against iota founders/"developers" scamming people of money, just like that because I am a good guy. Im the type of guy to open and hold a door for you, even you Steveo, and Im here telling all "investors" watch out. Simple enough - watch out! They gonna grab your money! And if you think of investing in Byteball - dont do it, its not even 1 month in "production". Invest in a new perfume and go out get drunk instead. |
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iotatoken=david=shit
IOTA=SCAM
so fuckin simple, just watch and learn at their moderated forum.
"scam" implies a malicious intention, Great point. Now Id say its not a real scam, its just incompetence. The scam is an opportunity, not originally planned for. IoT is very attractive, its an enterprise buzzword, so of course it attracts real people with real good skills, but the founders and leaders, are just incompetent, both technically and socially obviously, and are delivering vapor, "almost-good" "we will have it ready soon" "from day 1 we knew we have to build asics and sell that duh". The train is in full steam ahead, the crash wont be spectacular, good parts will fall out of IOTA. But it wont be the one and only machine economy infrastructure or anything like that at all. may I ask for your qualification? you seem to be better than every genius in the iota-team Let me explain like this, Even if I cannot paint like Picasso, I can still tell that your painting looks like shit and Picassos doesnt. Even you should be able to see Iota for what it is, if you had not invested in it and now your critical-thinking is malfunctioning. You just want it to happen you just want it to work. You just want the damn money. And you and I both know, IoT micro-transactions market exists, corporations are dying for it even today, they want it. They want to sell their sensors data in automated fashion. Look at it from a different perspective, if you are developer of IoT applications, from all the developer platforms out there, and all the chips, how many support the non-existent Jinn-machine/power-hungry ASIC? How many chips today need a power-hungry ASIC, extra-chip integrated on a micro-controller, in order to "broadcast txs to other nodes" for anyway not receiving any protection? I am telling you, 0, zero, none. You do not need it, in fact it is an extra cost, both in integrating it with micro controllers, and various IoT platforms, maintaining it, and in your application - all for what? "Zero-fee transactions"? For not having any more protection of your "IoT nodes" txs than SSL/TLS already today offers if you anyway talk to a full node under your trust. Byteball does it better, and it does it much better. The fees are minuscule to what you can do, if you have 1Gigabytes, you can do 826 000 txs, and if you dont want your IoT device to "run out of balance to send txs", a declarative smart contract away puts the fee of 580 bytes on the buyer of your sensor-data. That is all it takes, a declarative smart contract in Byteball, a very light wallet, put 600bytes on all your IoT devices, and sell their data at market prices. Buyer would pay 600bytes (tx fee) plus your set amount to buy say weather or such data. When you receive it, your IoT devices give that. Byteball also supports Oracles so all this can be done decentralized. If you dont want the very light wallet on IoT device (to develop it now), or to put any bytes on each device, you can use already made HTTPS API in all IoT development platforms and talk to your full node wallet. It cant get any simpler than this. But anyway, good luck with it all. |
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New to Byteball; couple of questions that I couldnt figure out myself:
1) what is the difference between bytes and blackbites? Why are there 2 tokens?
2) On Coinmarketcap it says available supply: 100,000 GByte. Why is it called Gbyte there and not bytes?
3) The total supply on Coinmarketcap (100,000), is that the eventual total supply (all coins that will ever exist), or is it the current total supply (10% of the eventual coin supply -- the coins that were released in the first distribution round)?
Thanks!
1) Bytes is the main currency of the Byteball network, is the currency fees are paid in. Blackbytes are a defined asset which can be used for private untraceable exchange of said currency, blackbytes only paying the network fee in bytes. 2) Gbyte because its easier to say and spell out than whole 100 000 000 000, like we use MegaBytes, KiloBytes etc, standard SI notation. 3) Dunno the first post says something about 10^15 total supply, 10% of that is distributed. |
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BB has a great market cap right now, almost $10M, the big milestone has been completed. Next target is to be listed on BITTREX, am I correct?
Why do you say market cap when you can just say price? |
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iotatoken=david=shit
IOTA=SCAM
so fuckin simple, just watch and learn at their moderated forum.
"scam" implies a malicious intention, Great point. Now Id say its not a real scam, its just incompetence. The scam is an opportunity, not originally planned for. IoT is very attractive, its an enterprise buzzword, so of course it attracts real people with real good skills, but the founders and leaders, are just incompetent, both technically and socially obviously, and are delivering vapor, "almost-good" "we will have it ready soon" "from day 1 we knew we have to build asics and sell that duh". The train is in full steam ahead, the crash wont be spectacular, good parts will fall out of IOTA. But it wont be the one and only machine economy infrastructure or anything like that at all. |
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I don't think IOTA's business plan was to charge transaction fees. Try again?
Do not feed the troll. He didnt say anything of value. |
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We're just climbing back to the original price of 0.3 btc
I've always wondered where this 0.3 value (well actually, that red candlestick) came from. I was there when it got listed and don't remember it starting at such high prices and then going down, or maybe it was for a split of a second with a very very low volume, anyway, nice action, yet it seems to be a one-time thing but I truly hope it's not  . It was the maintainer of cryptox.pl just testing things live. |
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HODL!
HOLDING |
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Though, so suddenly the different tone leaves me somewhat suspicious. Welcome, but suspicious. Though the default stance of IOTA founders/developers should be to take people seriously, treat with respect newcomers, and only if they harm or become hostile, only then its understandable to deal kicks and bans.
Glad to help and contribute!
Hope the issues raised such as about Proof-of-Work on energy and processing constrained IoT devices are heard and addressed intelligently.
You can't win with trolls, if you act overly respectful as Dom did here it is "suspicious". As for the issue re: PoW and IoT devices: it has been addressed since day 1, which is why we find it wasteful to even have to repeat it: IoT devices only have to broadcast their tx, light wallets and future ASIC components (Jinn) solves this issue. I am not a troll. You do not have to win anything, in fact, if you want Ill give you the win. Here is a win, take it. You win. Suspicious, because domsch sounds like Dominik S whom Ive attempted to talk with before and was met with hostility. |
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So far, no exchange has told me that they have any issues with the undistributed coins.
Have you had any communication about listing ByteBall with either Bittrex or Poloniex? I think tony supports appropriate efforts of the community passively (that is not his priority ): The current target is to establish and develop the technology and spread it as widely as possible - for now the distribution does this very well (I expect 50% growth ). If the possibilities of the distribution model are exhausted (slowed growth ) it is possible to generate further attention at more / other exchanges. After this maybe it’s good to enter bigger exchanges (aka Polo). After that it’s time to leave Cryptovillage (direction real world) ..with flowing transitions.. A euphoric firework or a flash in the pan (aka Polo effect) are currently simply not helpful. Trader are not interested to provide a technology they don’t touch the wallet, they don’t watch a white paper, they only watch to the chart.. Through the trade generate attention is in my opinion, little efficient (to establish a technology), but above all not sustainable. If you set this option too early negative effects. To make that clear: I have absolutely nothing against traders (I vote for every exchange that is posted here)- obsessive traders have their place in the ecosystem. But you have to know how to use them properly. For developing the coin they are means to an end not an end (they are only an intermediary). The trolls can make a nice noise and arrange a firework that you can still hear / see in the real world  . But their zeal can also lead to severe and toxic side effects. conclusion The goal is to bring Byteball into a stable orbital orbit. This requires a multi-stage rocket with a lot of thrust. Time is not the problem - a good idea is not made worse by patience - it behaves like wine. I like the way you talk. |
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Your IoT device is not per se using IOTA/Bitcoin or relying on any of its features.
I'm saying that my IoT device can sign IOTA transactions, and can receive IOTA transactions, and can use the whole API. And you're saying that by doing so, it doesn't use any features of IOTA. That doesn't make sense to me. Look, I didn't see a IOTA fanboy claiming that Byteball doesn't work per se. But when you claim that IOTA is a scam, the IOTA supporters have a problem with that, which is kind of a natural reaction no? See you are the only IOTA person who speaks like a normal person, and not hostility threats, condescending, appealing-to-authority, ridiculing and avoidance of difficult questions. Thank you, I appreciate it. Now back to topic, you see why I claim IOTA doesnt work - because for a very simple question which even you can answer, the leadership acted very very hostile, so they have something to hide, and digging deeper I found issues all over the place, so even if your IoT but-not-quite-yet-asic-on-chip device can do IOTA transactions those transactions can be double spent - my questions above still remain. I rarely go on here, but let me provide some more information that are relevant to your concerns. I absolutely understand that a system as radically new as IOTA, especially with the properties that we advertise, raises a lot of questions and concerns. I agree that so far we have done a bad job at writing better technical specs, blog posts on how IOTA actually works, why it's secure and sybil resistant. But your comments on IOTA being a scam and the core devs running away with the money couldn't be further from the truth, and exactly such subjective and opinionated comments like yours cause anger and frustration to those people that have been working on this project non-stop for the past 18 months. Therefore, when posting, you have to keep a few things in mind: - We did not raise some >$10m like other crypto projects in this space, and deliberately so, simply because for us it was (and still is) of utmost importance to make sure that the tech actually works flawlessly. Because we didn't raise so much money, we had to run a very lean operation when it comes to core development, ecosystem support and general marketing / events push. I would say we have done a pretty good job so far with the resources we had and unlike other projects, we did not waste money on unnecessary expenses (fuck, many of the core members have paid for stuff themselves).
- We are not on exchanges and have withheld exchanges for the past 3 months. If IOTA were a quick pump and run we would have gone on exchanges, hype the project with nonsensical and false news and then cash out. But as you might know by now, everybody in core is in this for the long run as we see a real need for IOTA in this huge ecosystem that will be the Machine Economy. Before we go on exchanges and expose IOTA to more people, we want to make sure that things are right. In fact our second security review is already close to conclusion. Once we have reached a high enough confidence level we will start working with exchanges on the listing.
- We are still a small team, and it's difficult to find time to write, blog and socialize. When there's so much work to do in talking with our corporate partners, setting up the foundation, coordinating the development and current Proof of Concepts that we're running, there is little time left for writing blog posts. This year I took some ~45 flights (all paid with my own money FYI) to go to conferences / meetups / meetings, and it's difficult to find the time to write when you're not in the zone. In total, there are currently only some ~5 people who would fit the criteria of being able to write proper blog posts about IOTA, and everyone of them is currently super busy and focused on different tasks. Writing more blog posts about IOTA is high on my todo list and I hope that we can couple these together with more material (such as our stress test, simulations of different attack scenarios and overall technical review).
Now when it comes to security concerns, flaws or attacks: we are always open to hear from you! We are more than happy to work with you to see if it's a confirmed flaw in the protocol and then pay you for reporting this issue (usually we pay some >$10k for serious flaws) - we have already done so for bugs found in the libraries and the wallets ( https://medium.com/iotatangle/bug-bounty-earn-iotas-testing-57e048835d44#.pigpfrogb). If you want to be taken serious by the community, I suggest you to go this route. Feel free to reach out to me. Well I am glad one more from IOTA is finally talking like a normal human again. Thank you, sincerely. Though, so suddenly the different tone leaves me somewhat suspicious. Welcome, but suspicious. Though the default stance of IOTA founders/developers should be to take people seriously, treat with respect newcomers, and only if they harm or become hostile, only then its understandable to deal kicks and bans. Glad to help and contribute! Hope the issues raised such as about Proof-of-Work on energy and processing constrained IoT devices are heard and addressed intelligently. |
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Your IoT device is not per se using IOTA/Bitcoin or relying on any of its features.
I'm saying that my IoT device can sign IOTA transactions, and can receive IOTA transactions, and can use the whole API. And you're saying that by doing so, it doesn't use any features of IOTA. That doesn't make sense to me. Look, I didn't see a IOTA fanboy claiming that Byteball doesn't work per se. But when you claim that IOTA is a scam, the IOTA supporters have a problem with that, which is kind of a natural reaction no? See you are the only IOTA person who speaks like a normal person, and not hostility threats, condescending, appealing-to-authority, ridiculing and avoidance of difficult questions. Thank you, I appreciate it. Now back to topic, you see why I claim IOTA doesnt work - because for a very simple question which even you can answer, the leadership acted very very hostile, so they have something to hide, and digging deeper I found issues all over the place, so even if your IoT but-not-quite-yet-asic-on-chip device can do IOTA transactions those transactions can be double spent - my questions above still remain. that's because you sound obsessed! your arguments are factually wrong. so I ask for proof. everyone sees that you don't deliver. not just assumptions, your opinion or a good guess, I'm talking about solid evidence, scientific proof. Just proof it and everything is fine. that's not too much to ask!? Any proof I would give you, you could claim is not good enough or not a real proof. You challenge me to an impossible task. What is proof? What is knowledge? And you want me to "give the proof to you". What if I tell you the claim of other poster "wait for bitcoin tx to be confirmed in hours" requires scientific hard proof? And in fact waiting for bitcoin tx to be confirmed would take hours or even days - despite even Satoshi and all cryptonerds developing, thinking for years, since 2009 - 2012, and they still didnt produce such a proof and a defense against it? But we all know its true. Bitcoin Tx were reliable and confirmed in minutes 2009-2013, are now are unreliable in practice today, in 2017, despite all the cryptography proofs and science and mathematics of 2011. Im telling you how it is. If IOTA is as good as you think it is, the all mighty glorious wise visionary of galactic intelligence founders, should be able to show you a link to the whitepaper page saying "This is the proof that a DAG with PoW and IoT works together and is wonderful, fulfilling these criteria". In fact, they should be able to link to a FAQ or forum post, if I am asking so ridiculously simple questions. But they dont. Because they are not super-human, they are simple minds who made mistakes or willingly make them to earn cash. DAG and PoW together do not mix, PoW and IoT are oxymoron. |
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Your IoT device is not per se using IOTA/Bitcoin or relying on any of its features.
I'm saying that my IoT device can sign IOTA transactions, and can receive IOTA transactions, and can use the whole API. And you're saying that by doing so, it doesn't use any features of IOTA. That doesn't make sense to me. Look, I didn't see a IOTA fanboy claiming that Byteball doesn't work per se. But when you claim that IOTA is a scam, the IOTA supporters have a problem with that, which is kind of a natural reaction no? See you are the only IOTA person who speaks like a normal person, and not hostility threats, condescending, appealing-to-authority, ridiculing and avoidance of difficult questions. Thank you, I appreciate it. Now back to topic, you see why I claim IOTA doesnt work - because for a very simple question which even you can answer, the leadership acted very very hostile, so they have something to hide, and digging deeper I found issues all over the place, so even if your IoT but-not-quite-yet-asic-on-chip device can do IOTA transactions those transactions can be double spent - my questions above still remain. |
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ROFL look at the censorship in IOTA thread https://bitcointalk.org/index.php?topic=1216479.msg17695985#msg17695985These answers of mine to them, are not allowed even to be linked from the thread. Can someone else please go there and paste the link to this thread? Let it be known. IOTA is a failed project from the start. Sell your iotatokens before its too late, before Dominik and CfB take your money! damn you really love to lie. lets talk with real names and look how far you wanna go without your anonymity. your accusations are beyond wrong. they are malicious and unjustified, just because you are interested in trading. it's easy as that. if you have scientific proof, proof it, dog. and for fucks sake be a man and use your real name everything else is cowardice. You are laughable. You cant just say "youre wrong", Uh oh OKAY that is such a strong argument. Unless you have invested your money in this shitcoin and is now afraid of loosing it. Because you couldnt use your brain to realize that Proof-of-Work when done by a small chip powered by batteries and GPUs are not in the same ballpark and together with a DAG cannot protect against double-spending. There is no global consensus in IOTA. But please, continue drinking the juice of super inflated-egos and "FinTech" experts, PhDs and other authorities, as that maybe gets you off. Your financial troubles and wishes for fortune may be solved by mere reading of these words, THE NEXT BIG THING IoT Internet Of Things, Enterprise DAG Tryte TANGLE Economy of SCALE MASSIVE. JINN MACHINE. Quantum Safe home made crypto! all I read is "mimimimimi" bring proof. I read the whitepaper and know how IOTA works, you are wrong about it. all those words are worthless unless you proof anything. since I know you cannot proof it, this will be a funny conversation. up till now, you are not more than a clown screaming bullshit on a marketplace to be able to buy low and push byteball. although everyone already knows that they are no competitors. Sorry for your monetary loss. |
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ROFL look at the censorship in IOTA thread https://bitcointalk.org/index.php?topic=1216479.msg17695985#msg17695985These answers of mine to them, are not allowed even to be linked from the thread. Can someone else please go there and paste the link to this thread? Let it be known. IOTA is a failed project from the start. Sell your iotatokens before its too late, before Dominik and CfB take your money! damn you really love to lie. lets talk with real names and look how far you wanna go without your anonymity. your accusations are beyond wrong. they are malicious and unjustified, just because you are interested in trading. it's easy as that. if you have scientific proof, proof it, dog. and for fucks sake be a man and use your real name everything else is cowardice. You are laughable. You cant just say "youre wrong", Uh oh OKAY that is such a strong argument. Unless you have invested your money in this shitcoin and is now afraid of loosing it. Because you couldnt use your brain to realize that Proof-of-Work when done by a small chip powered by batteries and GPUs are not in the same ballpark and together with a DAG cannot protect against double-spending. There is no global consensus in IOTA. But please, continue drinking the juice of super inflated-egos and "FinTech" experts, PhDs and other authorities, as that maybe gets you off. Your financial troubles and wishes for fortune may be solved by mere reading of these words, THE NEXT BIG THING IoT Internet Of Things, Enterprise DAG Tryte TANGLE Economy of SCALE MASSIVE. JINN MACHINE. Quantum Safe home made crypto! |
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ROFL look at the censorship in IOTA thread https://bitcointalk.org/index.php?topic=1216479.msg17695985#msg17695985These answers of mine to them, are not allowed even to be linked from the thread. Can someone else please go there and paste the link to this thread? Let it be known. IOTA is a failed project from the start. Sell your iotatokens before its too late, before Dominik and CfB take your money! |
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(...) Unless you combine your DAG with a blockchain, and "settle"/anchor it in a blockchain every set amount of time (...)
I'm not a super-techie so I might be wrong, but isn't that exactly what IOTA does with its tangle snapshots? Not quite, but the idea is the same. except the tangle milestones are centralized and supposed to be temporary. The third DAG coin which does the anchor-to-blockchain is SPECTRE. |
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The other guys solution, let the IoT device "sign" transaction and send it to full node. This can be done with bitcoin and any other coin even today. The IoT device is not using IOTA anymore than an IoT device is a web-browser like Firefox just because someone programs it to make a HTTPS request and parse the response - which can be done on 80Mhz 32bit IoT devices, Ive done it. Any coin can do this.
Sure, so let's take bitcoin as an example. How many tps are possible again on the bitcoin network? 7tps, which is far too low for the IoT. And how about tx fees? Average is around 20 cents in bitcoin, which is far too high for IoT. So yes, you can sign a bitcoin transaction on an IoT device, then you pay 20 cents, then you wait several hours until it's cofirmed. No, you dont want to understand my argument. Try again. Ill explain more. Your IoT device is not per se using IOTA/Bitcoin or relying on any of its features. So talking about confirmations is irrelevant. You can send thousands of bitcoin tx to your full node from your thousands of IoT devices, queue them up, save them in your own temporary database, settle them between each other to reduce their amount, or bag them in a huge transaction, using your full node wallet. This is in bitcoin parlance called "off-chain" bullshit. The devices dont need to wait for confirmations. They're dumb. Your full node pays the fee and waits for confirmation. Your proposed solution is not a better solution than anything which already exists. In fact its worse if you include the ASIC on chip, just uselessly increasing IoT-device cost. In general. My critique of IOTA goes further. Id say, You cannot have a cryptocurrency which is using both a DAG and tries to rely on Proof-of-Work to prevent spammers/Sybils. The disparity in computing power, PoW, allows the DAG to grow wider and allows powerful nodes to scam/double-spend less powerful nodes. Unless you combine your DAG with a blockchain, and "settle"/anchor it in a blockchain every set amount of time. Or you disallow anyone joining your network and try to enforce "consensus" by peering and "trust" between neighbors in real life. Or you invent a Mainline, a Main Chain, within the myriad branches in a DAG, select one which is "official", to do that you need a set of trusted nodes to stamp/witness transactions seen. Then you have Byteball. Cheers, Ill pour one out for you next time Im out and about. |
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