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Author Topic: IOTA  (Read 1364337 times)
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ngin-x
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August 13, 2017, 09:31:08 AM
 #10401

I think we're entering a time when Crypto's will be regulated to death Cry... It's almost impossible to cashout BTC without an IRS audit.

Dont know how it works here you live, but if this will get in the same line as stocks(Maybe not a bad idea for now, but utterly retarded if it become a widely used currency to buy stuff and price stabilize), if you pay taxes on earnings, you are also eligable for less taxes(36% of the loss back) if you sell before new years.

I think we have to start using Localbitcoins more and more in future to do offline cashouts from BTC. Exchanges are being monitored by the tax man looking for people who do large bank transfers. It's not safe anymore. Better to find some guy on LBC, meet up some place and exchange BTC in return for cash.
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August 13, 2017, 09:53:03 AM
 #10402

I think IOTA sucks......................I login into my IOTA wallet after 9-10 days and there is zero IOTA in my Wallet. What the hell happened I don't know.


Follow the instructions:

https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412

I also didn't login into my wallet for more than two months and when I checked today balance was showing zero and bit worried about it. I followed the instruction given in this post and get back my balance within 10 minutes ( https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412 ).

In the old version, it used to take a lot of time to recover our balance but in this new version, the complete process took less than 10 minutes for me. Thank you.
BitcoinArsenal
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August 13, 2017, 12:41:05 PM
 #10403

What was the reason of the transition? Was there a security hole of the former seed generation or usage?

I really wonder because I use several seeds to spread my stake. It is quite an effort to change all of them and store them savely. Nevertheless, thanks for your help!

I've got a question before doing the transition of my balance. I just installed the new version (2.4) on my machine and I am going to following this tutorial https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412
Is it a problem to use the old seed as the new seed? My old seed already meets the requirements of 81 characters with only capital letters and number 9. I am asking because I stored the old seed on several secureplaces and if I choose a new one I need to update each place with the new seed.
Thanks in advance for your help!

Yes, it is required to use a new seed. You must use a new seed.
GMK
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August 13, 2017, 01:29:58 PM
 #10404

Please Iota team if you read this message make a version with the option "allow LONG seed login" (and convert too)
removing 9 chars from a 90-chars seed doesn't solve the issue
thank you
John_Paul
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August 13, 2017, 01:30:41 PM
 #10405

What was the reason of the transition? Was there a security hole of the former seed generation or usage?
I really wonder because I use several seeds to spread my stake. It is quite an effort to change all of them and store them savely. Nevertheless, thanks for your help!
I've got a question before doing the transition of my balance. I just installed the new version (2.4) on my machine and I am going to following this tutorial https://blog.iota.org/new-gui-transition-phase-explained-b536ed80f412
Is it a problem to use the old seed as the new seed? My old seed already meets the requirements of 81 characters with only capital letters and number 9. I am asking because I stored the old seed on several secureplaces and if I choose a new one I need to update each place with the new seed.
Thanks in advance for your help!
Yes, it is required to use a new seed. You must use a new seed.

Read What is the Transition Phase in the link above.
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August 13, 2017, 01:48:32 PM
 #10406

The new wallet is really awesome. Iota is becoming my favorite project. So much potential. I read on twitter somebody saying this can become bigger than btc and it does look like it's possible with some many different usecases.
Haladay
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August 13, 2017, 01:51:25 PM
 #10407

The new wallet is really awesome. Iota is becoming my favorite project. So much potential. I read on twitter somebody saying this can become bigger than btc and it does look like it's possible with some many different usecases.

Yeah I also liked the new IOTA wallet. Better than this, the price of IOTA is still upwards while other altcoins are downwards today. Bitfinex platform has a great volüme of Exchange today for IOTA. Hope it exceeds $0.75 soon.
Cryptian
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August 13, 2017, 04:46:27 PM
 #10408


 Grin Grin Grin Grin Grin

https://www.cryptocoinsnews.com/iota-based-student-project-places-second-porsche-innovation-contest/

interesting article dont you think?

AlteregoX
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August 13, 2017, 04:54:17 PM
 #10409

Thinking about grabbing some more one of these days
Cryptian
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August 13, 2017, 05:04:00 PM
 #10410

Thinking about grabbing some more one of these days

my next paycheck goes into IOTA

I've started thinking about it like this: think where Ethereum and Bitcoin are now, IOTA will be there in a few years easily  (maybe sooner) so as long as IOTA's market cap is under 5-10 bln I consider it still a good entry point from that long term perspective.

And I think we all know that the whole crypto space will grow much much more and it could happen very quickly.

Sooner or later IOTA's team approach of adoption will pay off and all the skeptics will see that it really does work this tangle thing and than there's no scaling problems in IOTA which means no obstacles on the way to the moon Wink

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August 13, 2017, 05:25:48 PM
Last edit: August 13, 2017, 05:47:47 PM by HmmMAA
 #10411

How long it takes to see my balance after transition process ? Do i have to create new adresses like last time after the upgrade ?

When you read the instructions, you know everything.

I have read the instructions , from the blog post " Once you’ve done that, you will be preparing and making the transaction which involves doing the Proof of Work. After that is completed, you can now login with your new seed and your balance will most likely be confirmed within a few minutes." I've done the process almost half hour ago and still see zero balance , is it normal ?

Go to "History" in the wallet. You should see your balance as "pending". Click "show bundle" -> "reattach". Wait for 30min and it should get confirmed (usually after 1-2min). If not, reattach agsin.

Left my wallet for almost an hour and no balance showed in that time . My son closed the wallet . i reopened it and still nothing shows up . The history is empty . I used my old seed and there's no balance in the old address , also no history there . Can someone give me a hand ?

Ok , it was my mistake with one character in password , everything's fine .

 
                                . ██████████.
                              .████████████████.
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                        -█████████████████████████████
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       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
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       .       .██████████████████████████████████████████████
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August 13, 2017, 05:30:36 PM
 #10412

How long it takes to see my balance after transition process ? Do i have to create new adresses like last time after the upgrade ?

When you read the instructions, you know everything.

I have read the instructions , from the blog post " Once you’ve done that, you will be preparing and making the transaction which involves doing the Proof of Work. After that is completed, you can now login with your new seed and your balance will most likely be confirmed within a few minutes." I've done the process almost half hour ago and still see zero balance , is it normal ?

Go to "History" in the wallet. You should see your balance as "pending". Click "show bundle" -> "reattach". Wait for 30min and it should get confirmed (usually after 1-2min). If not, reattach agsin.

Left my wallet for almost an hour and no balance showed in that time . My son closed the wallet . i reopened it and still nothing shows up . The history is empty . I used my old seed and there's no balance in the old address , also no history there . Can someone give me a hand ?

klick attach to tangle till ur balance shows up, maybe u have to do it a few times
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August 13, 2017, 06:26:14 PM
 #10413

Tell me how much can a coin be worth before the end of the year?
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August 13, 2017, 06:32:16 PM
 #10414

My transition transaction has been pending for 12 hours.  Tried rebroadcasting a couple times during the 12 hours.  Tried switching to a different light wallet server...still...pending...
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August 13, 2017, 06:38:26 PM
 #10415

How is that NEO better than IOTA?  Huh
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August 13, 2017, 06:42:12 PM
 #10416

How is that NEO better than IOTA?  Huh

It's just on more exchanges then IOTA yet.
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August 13, 2017, 06:55:26 PM
 #10417

My transition transaction has been pending for 12 hours.  Tried rebroadcasting a couple times during the 12 hours.  Tried switching to a different light wallet server...still...pending...

You should do the reattach, not the rebroadcast. Do it in every 30 minutes. You will be fine.
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August 13, 2017, 07:09:14 PM
 #10418


IOTA-Based Student Project Places Second at Porsche Innovation Contest -
https://www.cryptocoinsnews.com/iota-based-student-project-places-second-porsche-innovation-contest/
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August 13, 2017, 08:21:35 PM
 #10419


You should do the reattach, not the rebroadcast. Do it in every 30 minutes. You will be fine.

Thanks for the reply! I've been doing both every time I try it.  It'll show up as another transfer in my history, but they all say pending.  When I have more time, I'll probably just try a reattach and rebroadcast every 30 min on a different server each time.  Eventually I should find one that works...maybe...
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August 13, 2017, 09:06:45 PM
 #10420

I don't know guys but I don't see any difference in the new wallet.
compared to the byteball wallet the IOTA wallet is slow as a turtle and all this pending and not sending out balances is really annoying.

can we see any improvement in send iota? it takes ages until it is send out, than 80% of the time it goes in the pending state and you have to retangle and rebroad cast it countless times.

that is really annoying and a couple of friends moved huge amounts of iota to bitfinex because they dont want to deal with that wallet. (but I rather have my iota on my iota wallett not on an excchange which had been hacked)


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