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Author Topic: IOTA  (Read 1109779 times)
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child_harold
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December 20, 2015, 11:14:55 AM
 #1121

@sulfurtank, both your posts sounded very impolite (especially the first one which contained racism), paraphrase them, please.


He/she made disparaging remarks about the whitepaper claiming it was too hard to understand (at least after the first page) and had been processed using a software translation service which is clearly not the case. Since very few people are capable of understanding the level of maths presented in the paper, and since none of those who do have raised this contention I assume sulfurtank's criticisms can be safely dismissed.

I only mention this because this reaction may have been averted by improving the English grammar in the paper (at least in the non-technical sections). Obviously English is not Popov's native-tongue and I've checked some of his other papers and seen the same use of language. For maths faculties Im sure this is no problem, since the language is perfectly clear in its meaning, but for laymen/investors/others who will only understand the Abstract, General and Conclusion sections of the paper, you might consider improving it.

For example the whitepaper reads:

1 General description of the system
The rise and success of Bitcoin during the last six years proved the value of blockchain technology. However, this technology also has a number of drawbacks, which prevent it to be used as a one and only global platform for cryptocurrencies. Among these drawbacks, an especially notable one is the impossibility of making micro-payments, which have increased importance for the rapidly developing Internet-of-Things industry.

Perhaps it could read (although I'm still unhappy with it):

1 General description of the system
The rise and success of Bitcoin during the last six years has proved the value of blockchain technology. However, this technology also has a number of drawbacks which prevent it from being used as the one and only global platform for cryptocurrencies. An especially notable drawback is the impossibility of making micro-payments, which have increased in importance for the rapidly developing Internet-of-Things industry.

Having raised the subject I offer you my assistance if desired.

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oldisoft
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December 20, 2015, 12:23:01 PM
 #1122

Hi there!Could someone tell me how many btc+Jinn were collected on today?
Cheers

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December 20, 2015, 12:27:32 PM
 #1123

Hi there!Could someone tell me how many btc+Jinn were collected on today?
Cheers

800 btc and 40,6k jinn
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December 20, 2015, 12:39:58 PM
 #1124

Hi there!Could someone tell me how many btc+Jinn were collected on today?
Cheers

800 btc and 40,6k jinn
sorry, but it wasn't there 940k jinn instead of 40,6k ? or 900k were before?
Cheers

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December 20, 2015, 01:21:15 PM
 #1125

Hi there!Could someone tell me how many btc+Jinn were collected on today?
Cheers

800 btc and 40,6k jinn
sorry, but it wasn't there 940k jinn instead of 40,6k ? or 900k were before?
Cheers

1M Jinn were created by Triangle.
Only 100k of them were sold to the public.
Of these 100k, 40,6k were given back by investors to Triangle in exchange for iota.
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December 20, 2015, 04:37:53 PM
 #1126

Now this is Ad-Hominem! Cheesy

I have not held XMR for over a year now. I still feel it's the best alt atm. I do watch promising new tech which I am hoping this will actually be. I guess I should remove the XMR address so idiots don't auto think I'm affiliated.

Please, remove zanzibar's quote from your post or I'll have to delete the latter, because thread moderators don't have EDIT option.

Done.

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oldisoft
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December 20, 2015, 06:48:34 PM
 #1127

Hi there!Could someone tell me how many btc+Jinn were collected on today?
Cheers

800 btc and 40,6k jinn
sorry, but it wasn't there 940k jinn instead of 40,6k ? or 900k were before?
Cheers

1M Jinn were created by Triangle.
Only 100k of them were sold to the public.
Of these 100k, 40,6k were given back by investors to Triangle in exchange for iota.
Thank You friend, for explication

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December 20, 2015, 09:10:26 PM
 #1128

I find it hard to stop refactoring the code trying to simplify it as much as possible, but taking into account that the sale is almost over I'm going to do the last simplification - I'll remove web interface support and will rewrite the interface in such a manner that it uses only API...
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December 20, 2015, 10:04:30 PM
 #1129

I find it hard to stop refactoring the code trying to simplify it as much as possible, but taking into account that the sale is almost over I'm going to do the last simplification - I'll remove web interface support and will rewrite the interface in such a manner that it uses only API...

While this makes perfect sense and it was always said that iota should be used by machines and not humans, some users might not be pleased without an ui.
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December 20, 2015, 10:07:35 PM
 #1130

While this makes perfect sense and it was always said that iota should be used by machines and not humans, some users might not be pleased without an ui.

We will create the UI.
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December 20, 2015, 10:12:29 PM
 #1131

While this makes perfect sense and it was always said that iota should be used by machines and not humans, some users might not be pleased without an ui.
We will create the UI.
Ah good then, my bad, I thought no web interface meant no gui, nevermind
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December 20, 2015, 11:30:10 PM
 #1132

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

I'll host 2 nodes. PM me.

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December 20, 2015, 11:49:45 PM
 #1133

I found this project today and i must say it is really promising project, bring fresh air in cryptocoin world, Dev i have a pair of questions about it

How works the reward system with it, it have pos or is pure pow?

Which will be the next target in roadmap?

thanks and keeps the god work

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December 21, 2015, 12:01:12 AM
 #1134

I found this project today and i must say it is really promising project, bring fresh air in cryptocoin world, Dev i have a pair of questions about it

How works the reward system with it, it have pos or is pure pow?

Which will be the next target in roadmap?

thanks and keeps the god work

PoW.
Launch.
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December 21, 2015, 12:02:36 AM
 #1135

Quote
Although I agree with most of your post, the bolded is patently false. Any crypto without suite 2 or equivalent will not be safe in the foreseeable future.

I didn't say Bitcoin will be safe without upgrading. I'm just saying it's not sensible to imagine that Bitcoin will not be upgraded well ahead of time, in order to deal with quantum. The topic of quantum keeps coming up repeatedly in the Bitcoin community, and everyone is well aware of its status and progress and potential threat. It will be addressed, if & when needed, according to the market's demand. I have faith in making that assumption.
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December 21, 2015, 12:16:57 AM
 #1136

I didn't say Bitcoin will be safe without upgrading. I'm just saying it's not sensible to imagine that Bitcoin will not be upgraded well ahead of time, in order to deal with quantum. The topic of quantum keeps coming up repeatedly in the Bitcoin community, and everyone is well aware of its status and progress and potential threat. It will be addressed, if & when needed, according to the market's demand. I have faith in making that assumption.

In the whitepaper mthcl showed that PoW blockchains are inherently vulnerable to QCs because they do hashing at quadratic speed. So you think that miners will agree to throw away their ASICs? I predict a lot of drama, much more than all dramas that have happened before...
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December 21, 2015, 12:24:41 AM
 #1137

I'm having an impossible time understanding how the IOTA project is viable. It aims to service the IoT niche. However, Bitcoin already is tackling this niche in a variety of ways. Let's remember that BTC has first mover advantage & network effect (should not be underestimated), as well as hundreds of millions of $ in funding distributed among projects aiming to directly/indirectly make BTC & IoT a reality.

Skepticism is always good. I have no problem understanding why you are skeptical or why you reason as you do, but I'll answer each point to explain our motivation:

Hi, I just wanted to thank you for answering my questions to the best of your ability. I did not get a chance to thank you, previously.

I still remain hugely skeptical, mainly because I think Lightning is being hugely underestimated. The Bitcoin community is pouring enormous resources into solving micro-/nano- transactions via Lightning & related technologies (Lightning is only 1 implementation; there will be multiple, competing, interoperable implementations with varying degrees of trust-minimization, and various ETAs). The peer review done so far has uncovered no major problems, and the timeline for LN is decent (I originally said 3 months for testnet; the Lightning team has just released an updated ETA of ~6 months for alpha/beta quality on mainnet!).

I also don't understand what you mean by fees not being low enough on LN. The LN's express initial purpose is to allow transactions of a few pennies (USD), aka by current exchange rate 0.0001 BTC. And, in fact, it's being designed to allow sending transactions as low as 1 satoshi (I have confirmed this with LN devs previously). This is impossible, unless the fee was simultaneously lower than 1 satoshi. In fact, the fee can be as low as 0.001 satoshis. They are actually subdividing satoshis by 1,000 in LN's design, since fees will be within that order of magnitude.

So, I'm curious what you have to say about that?

Regardless, good luck with IOTA.
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December 21, 2015, 01:37:58 AM
 #1138


Which will be the next target in roadmap?

thanks and keeps the god work

Launch and then activism. Having the best technology means nothing without the world knowing that it's there.

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December 21, 2015, 10:14:31 AM
 #1139

After thinking about how the test should be conducted an idea came to my mind. What if the testnet becomes more popular than the mainnet? And those who didn't purchase the iotas will run their own competing version. Due to the first mover advantage they will increase their odds of world-wide adoption. Any suggestions how to solve this issue?
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December 21, 2015, 10:43:27 AM
 #1140


switch off and restart the testnet in regular intervals?
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