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Author Topic: IOTA  (Read 1444610 times)
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Come-from-Beyond
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December 15, 2015, 01:44:27 PM
 #1061

Just curious, but will there be a "Find the 3 logical bugs" type of reward for IOTA like Nxt?  I know this isn't Nxt, but IMHO that was a great way to have everyone knit-pick the code AND market the coin.

Nothing like that is planned AFAIK.
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December 15, 2015, 04:39:29 PM
 #1062

Guys, we need more public nodes, so far only 5 entities have declared their willingness to run them...
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December 15, 2015, 04:57:20 PM
 #1063

Add me to the list.  I'll try to keep one consistently going until the network picks up.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
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December 15, 2015, 05:04:46 PM
 #1064

Add me to the list.  I'll try to keep one consistently going until the network picks up.

PM me with node IP/domain, please.
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December 15, 2015, 05:06:38 PM
 #1065

Ok, nevermind.  I don't have an available static IP.  I was just going to keep the client running at my home.  I'd fire up a free AWS but I've used up all of my free accounts years ago.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
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December 15, 2015, 06:31:23 PM
 #1066

Guys, we need more public nodes, so far only 5 entities have declared their willingness to run them...

I could help with Android TV stick with static IP, running linux, but don't know it will not explode as I also run NXT public node on it Smiley
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December 15, 2015, 09:12:46 PM
 #1067

Well, the idea is that storage isn't cheap if the device is an IoT device.  Imagine a low-end chip that only has less than 1GB of on board memory cause this functionality is only secondary to the device.  1GB won't go far in a couple years, especially if that 1GB is used to manage other systems on the simplistic device.


Bandwidth, however, could be "cheap" if all the machine needs is a wifi connection to a local connection.

If you are an IoT device you'd better load tangle from young transactions to old.

We discussed this issue and decided to change the plans regarding pruning. The original plan was to start without pruning to see how popular on-tangle messaging will be. This plan has such a drawback as necessity to make non-compatible changes in the future. Recently we were contacted by a couple of hardware manufacturers which had become interested in Iota. If they adopt Iota protocol then non-compatible changes may break their solutions, so pruning support from the very beginning seems to be the only right step. This will require to change some code and add more pieces, so expect that the test will be delayed. Also, we are still discussing if we should allow testnet to be run before the mainnet.
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December 15, 2015, 09:24:03 PM
 #1068

Guys, we need more public nodes, so far only 5 entities have declared their willingness to run them...

a broadcast on https://www.reddit.com/r/IOTAtoken/ + @iotatoken + https://www.iotatoken.com/ should help; although running a node without reward (I'm correct in thinking there are no tx fees?) will presumably only be of interest to those who partook in the crowdsale.

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December 15, 2015, 09:35:44 PM
 #1069

although running a node without reward (I'm correct in thinking there are no tx fees?) will presumably only be of interest to those who partook in the crowdsale.

Bitcoin nodes don't get tx fees but there are still plenty of them.
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December 16, 2015, 12:56:33 AM
 #1070

although running a node without reward (I'm correct in thinking there are no tx fees?) will presumably only be of interest to those who partook in the crowdsale.

Bitcoin nodes don't get tx fees but there are still plenty of them.

That's a pretty bad analogy.

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December 16, 2015, 09:05:03 AM
 #1071

That's a pretty bad analogy.

It's not an analogy, it's exactly the same situation.
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December 16, 2015, 11:33:53 AM
 #1072

...
TPS is not capped, high load just increases confirmation time.
...

Could you please elaborate a bit on this. Do you have any rough estimates regarding the relationship between TPS (high load) and confirmation time?
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December 16, 2015, 11:43:41 AM
 #1073

That's a pretty bad analogy.

It's not an analogy, it's exactly the same situation.

Bitcoin has made many people wealthy enough to not care if they spend $10 or $100 a month to run some nodes.

IOTA hasn't made anyone outside the dev team any money yet.

And, Bitcoin has miners.
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December 16, 2015, 11:58:31 AM
 #1074

Bitcoin has made many people wealthy enough to not care if they spend $10 or $100 a month to run some nodes.

IOTA hasn't made anyone outside the dev team any money yet.

And, Bitcoin has miners.

Can't argue on the first half, not enough data.

Regarding miners in Bitcoin, their number is smaller than run nodes. Also half of the miners use lightweight nodes, this caused one of the recent Bitcoin forks. So there is something else that forces people to run full nodes.
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December 16, 2015, 12:12:41 PM
 #1075

IOTA has been accepted into Wanxiang's Blockchain Lab grant programme: http://www.blockchainlabs.org/blockgrant-x-en/

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December 16, 2015, 12:34:57 PM
 #1076

----->  db  <-----

My IQ is not high enough to decode this.
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December 16, 2015, 12:40:13 PM
 #1077

IOTA has been accepted into Wanxiang's Blockchain Lab grant programme: http://www.blockchainlabs.org/blockgrant-x-en/

Wow, excellent congratulation for the 4.000 USD. And look at the compeditors, well done!

CfB: I have a dynamic IP and not a lot of knowledge how to set up an Node. I'm just the average joe. But if there would be some advice "setting up a IOTA-Node for dummies" I can probably help, because it's in my own interest as investor.
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December 16, 2015, 12:48:20 PM
 #1078

IOTA has been accepted into Wanxiang's Blockchain Lab grant programme: http://www.blockchainlabs.org/blockgrant-x-en/

Wow, excellent congratulation for the 4.000 USD. And look at the compeditors, well done!

CfB: I have a dynamic IP and not a lot of knowledge how to set up an Node. I'm just the average joe. But if there would be some advice "setting up a IOTA-Node for dummies" I can probably help, because it's in my own interest as investor.

They hesitated to give all the grands to ethereum  Roll Eyes
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December 16, 2015, 01:07:59 PM
 #1079

That's a pretty bad analogy.

It's not an analogy, it's exactly the same situation.

Bitcoin has made many people wealthy enough to not care if they spend $10 or $100 a month to run some nodes.

IOTA hasn't made anyone outside the dev team any money yet.

And, Bitcoin has miners.

true, iota has not made me any money yet, but I'll still run a node.
You underestimate the motivational power of an ideology.
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December 16, 2015, 05:52:03 PM
 #1080

true, iota has not made me any money yet, but I'll still run a node.
You underestimate the motivational power of an ideology.

Everything has a starting point even Bitcoin. Grin
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