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Author Topic: IOTA  (Read 1359459 times)
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Fundmanager23
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January 01, 2018, 02:44:48 PM
 #13421

I whink it's way overvalued for what it's offering at the moment
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djpitagora
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January 01, 2018, 03:13:39 PM
 #13422

"During an attack on the IOTA network in October, some funds were found to be at risk of theft, due to users re-using their private keys. The IOTA team took the decision to protect IOTA token holders by taking those funds which were at risk into temporary custody through a snapshot.

Once the attack was stopped, the team worked on setting up a process for reclaiming the funds, and sending them back to the rightful owners. This process of receiving and validating the claims has been understandably complicated and sensitive — especially when taking into account the immutability of the IOTA distributed ledger. This effort has required the full attention of the entire core and legal teams of IOTA over the last few weeks. "

Seen at: https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a

Hmm if they did the snapshot of current situation, why people don't have acccess to their fund. Shouldn't they be able to move their funds once they did rollback if they did that in past. Soory I am lacking my knowledge about this issue, but if it is something that could happen again I just have to question it's security since it is new project at least not blockchain so all of us have some dubts.

How did fund ended up with devs then if they did snapshot o.o did they moved those coins or they somehow locked up particular wallets?

They will never say they did anything wrong. It will always be our ( the users fault ) .... These are great questions. Be nice to get a real answer.

One thing I do agree on is, Iota is HIGHLY CENTRALIZED. It is like having a bank account or using PayPal at this point. Devs just took over users funds when they deemed it necessary.  Sounds like a bank or PayPal to me

this ability of randomly doing snapshots that allows seizing accounts worries me a lot. If this ability is not removed somehow there is no future for the coin. I'm still trying to understand what allows them to do so? The fact that the coordinator is in place or is it more rooted in the design itself?

BTC is valued the way it is because it's truely decentralized. Other then banning exchanges there is nothing a government can do.
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January 01, 2018, 05:32:19 PM
 #13423

this ability of randomly doing snapshots that allows seizing accounts worries me a lot. If this ability is not removed somehow there is no future for the coin. I'm still trying to understand what allows them to do so? The fact that the coordinator is in place or is it more rooted in the design itself?

BTC is valued the way it is because it's truely decentralized. Other then banning exchanges there is nothing a government can do.

If you truly are trying to understand, why are you posting before even checking how things actually work? The topic has been discussed many times before, it is not kept secret, and you could have easily found answers to your questions before posting uninformed FUD.

Snapshots need to be approved by the network in order to be valid, they are first proposed and then enforced after consensus is reached, it is indeed decentralized. They work pretty much like hard forks for blockchain-based coins (regarding consensus).
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January 01, 2018, 05:53:17 PM
 #13424

slack channel is down.. there is literally no way to join any of the forums mentioned on the website

what is wrong?

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January 01, 2018, 06:03:31 PM
 #13425

slack channel is down.. there is literally no way to join any of the forums mentioned on the website
what is wrong?

Slack is fine to me.
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January 01, 2018, 06:04:37 PM
 #13426

https://blog.iota.org/2017-in-review-2018-in-preview-704177484ef0
asonganyi
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January 01, 2018, 06:17:04 PM
 #13427


wow how is that? when i keep having  error 502 bad get way .  other slack channels are working fine. i don't want to upload screen shot here because it doesn't look polite. but if you need i will send..

what about the forum registration stuff? i can't fine anywhere to register on both forums   

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January 01, 2018, 06:32:15 PM
 #13428

I whink it's way overvalued for what it's offering at the moment
Of course. You can sell me your coins.
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January 01, 2018, 07:27:52 PM
 #13429


wow how is that? when i keep having  error 502 bad get way .  other slack channels are working fine. i don't want to upload screen shot here because it doesn't look polite. but if you need i will send..

what about the forum registration stuff? i can't fine anywhere to register on both forums   

If you want the Slack invite link, here it is - https://iotatangle.slack.com/join/shared_invite/enQtMjkyMDQwOTk1MjQ5LWY0YmJhYjVmOTk5NTFlMjQ3NDM4NzlhMjViOGZlOTQ4NjQwZmQyOGNmMGM0M2NlMjZhMjMyMmIyNDE5OTcyMmE
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January 01, 2018, 08:36:43 PM
 #13430

Launch of $IOTA at several new exchanges is imminent! Cheesy
Quote from David Sønstebø @ linked Medium article above:

"However, we are now happy to confirm that several large and small exchanges are done with the technical implementation of IOTA. From here on it is up to the respective parties as businesses to decide when and how they plan to unveil and launch IOTA on their platforms, but we expect most to do this in the very beginning of 2018."
mariuschirita
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January 01, 2018, 10:44:49 PM
 #13431

Hi guys,

I am having some problems with Binance :  " network congestion, withdrawal suspend "
Wondering if we can get an official answer about this and when it is going to be fixed.

And one more question - in theory, for tangle technology, more users means faster transactions - then why is the network getting congested ?

Thanks

The problem was fixed. I should have bought more coins.
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January 02, 2018, 06:06:39 AM
 #13432


wow how is that? when i keep having  error 502 bad get way .  other slack channels are working fine. i don't want to upload screen shot here because it doesn't look polite. but if you need i will send..

what about the forum registration stuff? i can't fine anywhere to register on both forums  

If you want the Slack invite link, here it is - https://iotatangle.slack.com/join/shared_invite/enQtMjkyMDQwOTk1MjQ5LWY0YmJhYjVmOTk5NTFlMjQ3NDM4NzlhMjViOGZlOTQ4NjQwZmQyOGNmMGM0M2NlMjZhMjMyMmIyNDE5OTcyMmE

thanks mate! but the said the slack invite link go gave no longer works,,, massage from slack  "" This invite link is no longer active.

Please check with the person who shared it with you to see if there's a new link available.""


please check and send me a new link that works

thanks in advance

Darthswan
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January 02, 2018, 11:32:07 AM
 #13433

How many transactions IOTA network can handle per seconds? What about the scalability issue? Did dev iota stress test the network?

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SergioOliva2018
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January 02, 2018, 01:19:53 PM
 #13434

How many transactions IOTA network can handle per seconds? What about the scalability issue? Did dev iota stress test the network?
I’ve read it can support a lot. As of today 180 transactions per second have been tested. This DAG algorithm is amazing and it has huge potential.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoin’s fame. 
Jacky_Chan
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January 02, 2018, 02:17:30 PM
 #13435

On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoin’s fame.  

I think it is a hardfork. Like in bitcoin, when bitcoin cash and gold hardforked bitcoin, they could relocate the coins. If one dev hardfork the network, the original one still there and people will stick with the original one becasuse of the ecosystem.
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January 02, 2018, 02:20:47 PM
 #13436

How many transactions IOTA network can handle per seconds? What about the scalability issue? Did dev iota stress test the network?

What I heard is that in one stress test tps reached about 1000 tps which was the cap the devs set up for that stress test. You can ask about it on the Slack.
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January 02, 2018, 02:23:07 PM
 #13437


wow how is that? when i keep having  error 502 bad get way .  other slack channels are working fine. i don't want to upload screen shot here because it doesn't look polite. but if you need i will send..

what about the forum registration stuff? i can't fine anywhere to register on both forums  

If you want the Slack invite link, here it is - https://iotatangle.slack.com/join/shared_invite/enQtMjkyMDQwOTk1MjQ5LWY0YmJhYjVmOTk5NTFlMjQ3NDM4NzlhMjViOGZlOTQ4NjQwZmQyOGNmMGM0M2NlMjZhMjMyMmIyNDE5OTcyMmE

thanks mate! but the said the slack invite link go gave no longer works,,, massage from slack  "" This invite link is no longer active.

Please check with the person who shared it with you to see if there's a new link available.""


please check and send me a new link that works

thanks in advance

The Slack invite link is only working temporary and for a limited number of people. At the moment, there is no new link available (the channel hosts >40k members, not sure, if slack limits the number or only allows slow increases).

You should be able to find answers at https://forum.iota.org/ and https://iota.stackexchange.com/ as well.
NattyLiteCoin
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January 02, 2018, 02:36:19 PM
 #13438

Hi, tired to get an explanation from telegram, but the fact is that it is to fast to get a real answer.

So i downloaded 2.5.6 and successfully sent 1.5 MIOTA from my binance account to my wallet. I attempted to send one i (by mistake, I believe) back to Binance but it never confirmed. I’m assuming it might not have confirmed because the value .000001 MIOTA is too small to be processed by binance. With this transaction pending, I tried to send .5 mIOTA to a telegram user. I was either getting a private key reuse error or a network error. I confirmed that I was (a) connected to a healthy node (b) that my receiving seed was attached to the tangle (c) and I rebroadcasted (and the other function on the history page) the transaction.

My only hypothesis is that I “froze” up the sending seed and another transaction can not be executed until the intital transaction of .000001 iota confirms, which it never will because of my perceived limitation of binancs wallet. So is my test Address now useless? Can someone assist with this? Also, this is a principal reasons for doing test runs with new things of very small amounts of crypto!

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SergioOliva2018
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January 02, 2018, 02:52:03 PM
 #13439

Hi, tired to get an explanation from telegram, but the fact is that it is to fast to get a real answer.

So i downloaded 2.5.6 and successfully sent 1.5 MIOTA from my binance account to my wallet. I attempted to send one i (by mistake, I believe) back to Binance but it never confirmed. I’m assuming it might not have confirmed because the value .000001 MIOTA is too small to be processed by binance. With this transaction pending, I tried to send .5 mIOTA to a telegram user. I was either getting a private key reuse error or a network error. I confirmed that I was (a) connected to a healthy node (b) that my receiving seed was attached to the tangle (c) and I rebroadcasted (and the other function on the history page) the transaction.

My only hypothesis is that I “froze” up the sending seed and another transaction can not be executed until the intital transaction of .000001 iota confirms, which it never will because of my perceived limitation of binancs wallet. So is my test Address now useless? Can someone assist with this? Also, this is a principal reasons for doing test runs with new things of very small amounts of crypto!
Binance account is no good for testing. This exchange has constant Network Congestions with IOTA transactions. I don’t know their reasons for that. May be their server is not keeping up with all other cryptocurrencies.
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January 02, 2018, 02:52:32 PM
 #13440

For all those who are doubting whether they should buy or sell: https://medium.com/@iotasuppoter/why-keeping-your-iota-makes-sense-75e8a74cf2ee

Smiley
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