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Author Topic: IOTA  (Read 1360996 times)
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SergioOliva2018
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January 03, 2018, 09:07:20 PM
Last edit: January 03, 2018, 09:36:23 PM by SergioOliva2018
 #13481

The ripple’s marketcap is almost half of the bitcoin’s marketcap. It made me to think that not only #2 spot is shakable but also the #1 spot.
Number 1 place is shakeable. But it will take a decade to get there with right development strategy.
Also the single fact that institutional investors (american funds) not long ago started trading with the Bitcoint points out that the marketcap will double, triple and quadriple in the course of 1 year or so. IOTA needs to get on the good side of FCC by implementing better security in near future.

I didn’t mean only IOTA has the chance to take over bitcoin’s #1 spot. I meant any coins have the chance based on today’s trend as long as they do it right. I don’t think it will take a decade. Again, based on today’s trend it could happen in a couple of years.
Here is a single drawback inherited by almost any cryptocurrency from original Bitcoin algorithm (related to the term blockchain): as transaction volume grows the calculation complexity increases as well. The more popular coin becomes the less number of transactions per second is possible. Bitcoin grew so much that only 8 transactions per second available for anywhere in whole world. Think about it - this cryptocurrency is useless now for use as an actual currency in online stores for wide use. The delays are ridiculious if you would like to send bitcoin anywhere. This situation will even become worse overtime.
IOTA is different from this prospective, the number of transactions per second is unlimited. As long as other factors are covered (such as security holes, trust by users to dev team, bug fixes with the second transaction erasing first unconfirmed transaction, etc) this coin has a bright future. But there is also possibility that developers won’t improve it and some other better coin with frequent transaction scalability comes out and IOTA will loose momentum as the result.

not all blockchains have that weakness, only those forked from BTC. Take a look at the sky coin whitepaper. In theory it should be able to scale. Not tested though.
That is why I used “almost” in my first sentence Wink
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January 04, 2018, 01:22:51 AM
Last edit: January 04, 2018, 02:48:36 AM by Jacky_Chan
 #13482

Here is a single drawback inherited by almost any cryptocurrency from original Bitcoin algorithm (related to the term blockchain): as transaction volume grows the calculation complexity increases as well. The more popular coin becomes the less number of transactions per second is possible. Bitcoin grew so much that only 8 transactions per second available for anywhere in whole world. Think about it - this cryptocurrency is useless now for use as an actual currency in online stores for wide use. The delays are ridiculious if you would like to send bitcoin anywhere. This situation will even become worse overtime.
IOTA is different from this prospective, the number of transactions per second is unlimited. As long as other factors are covered (such as security holes, trust by users to dev team, bug fixes with the second transaction erasing first unconfirmed transaction, etc) this coin has a bright future. But there is also possibility that developers won’t improve it and some other better coin with frequent transaction scalability comes out and IOTA will loose momentum as the result.

I worry about Ether most. It seems they have not found a viable scaling solution yet - https://www.coindesk.com/vitalik-buterin-announces-new-subsidies-for-ethereum-scaling-research/. And in the mean time, there are so many competitors which soon will come out and everyone claim it is better than Ether such as ada, eos, neo, qtum, tezos, boscoin, rsk, and the revolutionary tau chain.
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January 04, 2018, 01:55:10 AM
 #13483

Are the KYC addresses listed in the blogpost (https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a) the old addresses of the old seeds or the new addresses of the new seeds where the foundation should send the tokens in this reclaim process?

This is important to know because afaik there's no way to know what your old addresses with the old seeds were anymore unless you for some reason had written them down somewhere.
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January 04, 2018, 07:21:22 AM
 #13484

Are the KYC addresses listed in the blogpost (https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a) the old addresses of the old seeds or the new addresses of the new seeds where the foundation should send the tokens in this reclaim process?

This is important to know because afaik there's no way to know what your old addresses with the old seeds were anymore unless you for some reason had written them down somewhere.

The old (reused) addresses. Afaik you can check them with your old seed (history -> addresses), you might have to generate and attach a few because of the snapshot that happened in October.

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January 04, 2018, 12:15:15 PM
 #13485

Are the KYC addresses listed in the blogpost (https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a) the old addresses of the old seeds or the new addresses of the new seeds where the foundation should send the tokens in this reclaim process?

This is important to know because afaik there's no way to know what your old addresses with the old seeds were anymore unless you for some reason had written them down somewhere.

The old (reused) addresses. Afaik you can check them with your old seed (history -> addresses), you might have to generate and attach a few because of the snapshot that happened in October.

Thanks for asking that question. I considered it would be the new adresses, didn't even think about the possibility it could be the old ones. I thought i was secure because my new address wasn't on the list. Now i have to search for the old address. OMG how stupid am i, of course it has to be the old one
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January 04, 2018, 12:18:45 PM
 #13486

Thanks for asking that question. I considered it would be the new adresses, didn't even think about the possibility it could be the old ones. I thought i was secure because my new address wasn't on the list. Now i have to search for the old address. OMG how stupid am i, of course it has to be the old one

There might be a list with "new" addresses out soon too, because some people already used the addresses where the reclaimed IOTA are supposed to be sent to Roll Eyes

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January 04, 2018, 07:11:40 PM
 #13487

https://twitter.com/iotatoken/status/948969419530735616
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January 04, 2018, 08:24:44 PM
 #13488

IOTA Foundation, that we’ve now officially partnered with the International Transportation Innovation Center (ITIC), to collaborate with them to work on autonomous vehicle testbeds. The first releases can be found on HuffingtonPost and others.
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January 04, 2018, 09:04:16 PM
 #13489

It seems big sell orders have been filled. Big buys are coming in now. It will bounce up and down today but by the end of February it will be over $5. Sure of it. Hold. Short term traders please move along, nothing here for you.
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January 04, 2018, 09:19:33 PM
 #13490

The first releases can be found on HuffingtonPost and others.

It seems the article was removed from Huffington Post. I only see

Quote
This post from The Huffington Post Contributor Platform is no longer available on our site.
Jacky_Chan
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January 04, 2018, 09:22:38 PM
 #13491


See the itic press release - http://www.itic-sc.com/category/press-releases/
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January 04, 2018, 10:06:14 PM
 #13492

Are the KYC addresses listed in the blogpost (https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a) the old addresses of the old seeds or the new addresses of the new seeds where the foundation should send the tokens in this reclaim process?

This is important to know because afaik there's no way to know what your old addresses with the old seeds were anymore unless you for some reason had written them down somewhere.

The old (reused) addresses. Afaik you can check them with your old seed (history -> addresses), you might have to generate and attach a few because of the snapshot that happened in October.

No you can't, because the algorithm that generates the addresses has changed. So if you log in with the old seed, you won't be generating the same addresses you previously had.

IOTA Foundation, please release a list with the NEW addresses as you have those as well, so people can actually check if they are on the list or not.
SergioOliva2018
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January 04, 2018, 10:07:34 PM
 #13493

Bifinex is not accepting new users for awhile. And now Binance is not accepting new user registration! They say “Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused.” at the support section.
It looks like new users neither can buy IOTA nor sell it.
That is not a good situation. Can it be listed on stable american exchange? Kraken.com for example?
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January 04, 2018, 11:23:09 PM
 #13494

IOTA is long term coin.
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January 04, 2018, 11:31:21 PM
 #13495

Bifinex is not accepting new users for awhile. And now Binance is not accepting new user registration! They say “Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused.” at the support section.
It looks like new users neither can buy IOTA nor sell it.
That is not a good situation. Can it be listed on stable american exchange? Kraken.com for example?
You don't want to be on Binance. It's a scam. The withdraw fees are insanely high, there is no decimal trading, but trading does take fee from your balance. So if you buy 1 IOTA, you get 0.9990 IOTA, and you can't sell 0.9990, you can only sell 1 whole IOTA. You can avoid this by using their scam currency called BNB which fortunately is only useful on their site and conveniently they also secretly sell.

To sum this up:
They take money from you when you trade
They take money from you AGAIN when you trade by not allowing you to decimal trade, forcing you to buy their shitcancertokens
Then they take a lump of money when you want to withdraw (Not even joking $15 "transaction fees" for bitcoin, but when you look at the transaction it's just 100 transactions lumped together with $2 of fees. So it's slow as shit and they pocket on $1498. last BTC withdraw of me there took 6 hours, and it wasn't a small withdrawal, 6 FUCKING HOURS)

ITS A BIG FUCKING SCAM

Tell me what exchange is not a F-ing scam? It's like wild west for the exchanges, no one to keep them responsible. They keep asking whatever fees they like, reject withdraw as they like, delay withdrawals for hours or days as they like, no regulations at all.

I'm actually also kinda of sick if it, because we can't do anything. The only two exchanges I'm somewhat content with, but still trade with fear on, is Bittrex and Bitfinex.

Binance, the Chinese, they only know money. They also don't even consider to list popular coins that isn't a cash cow for them. So I agree 100% about Binance.. Also their misleading car promotions lol... 95% of traders never ever make chance to win in those promotions.



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January 05, 2018, 04:46:16 AM
 #13496

https://blog.iota.org/iota-partners-with-itic-e83f228a11d9

IOTA just announced partnership with ITIC. Dont understand why chart is cheap then 24h ago, but thank @all for getting cheap IOTA's.  #happytrading
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January 05, 2018, 06:47:15 AM
 #13497

Some more information:

https://twitter.com/google0912/status/949059326924046336
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January 05, 2018, 08:12:08 AM
 #13498

 Welcome Oliver Mulherin to the IOTA Foundation
https://t.co/0nvu2ZvQ8Q

 Full IOTA team AMA on https://t.co/kMyCFVCtSo at 17:00 / 5 PM UTC on Sunday 7th January. The recent additions to the team, as well as IOTA Foundation advisors like @obussmann will be present. This will be the most comprehensive AMA to date, so prepare your questions.
IOTA accelerates in autonomous, electric and connected mobility with ITIC. What a great way to start 2018 !
https://t.co/4VBvhvciKL
Prof. Dr. Joachim G. Taiber David Sønstebø Dominik Schiener
There are many good news for miota, that is good progress of miota.
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January 05, 2018, 03:23:32 PM
 #13499

has iota a telegram group?

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January 05, 2018, 03:35:19 PM
 #13500

has iota a telegram group?

No, the main communication channel is on Slack https://iotatangle.slack.com
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