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Author Topic: IOTA  (Read 1359567 times)
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Gyrsur
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July 10, 2018, 09:11:57 AM
 #14421

Looking good guys! Your centralized coordinator is working as intended  Grin and still worth Billions ! Imagine that  Shocked



centralisation rules!! like Ethereum (Vitalik)!!

Grin Grin
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
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KimNg
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July 10, 2018, 04:48:55 PM
 #14422

centralisation rules!! like Ethereum (Vitalik)!!

Grin Grin

Let's not forget to add bitcoin.  https://www.blockchain.com/pools
Large mining pools reside in a single country.
What if one day that government chooses to exert its power?

In time the coordinator will be removed.

BTC is good, XEM is better. https://nem.io
Binary is good, Ternary is better. https://iota.org
Termie
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July 10, 2018, 06:25:05 PM
Last edit: July 11, 2018, 06:00:46 PM by Termie
 #14423

yay the Bitcoin fanbois are here! Cheesy
just wait a few years, then you loudmouths will become pretty meek...!
Iota is clearly a "long-term" thing, but collaborations with big players and real world adoption are already increasing, week after week.

-> Pro-Tipp: buy now (cheap) or buy later (not cheap) Tongue
cryptorusin
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July 10, 2018, 06:28:25 PM
 #14424

Iota looking for support first at $0.79, then at $0.67, then at $0.32, and finally at $0.15. If it breaks $0.15 the price will probably really crash.

https://www.tradingview.com/chart/IOTUSD/GozCO5Jm-Consolidation-is-over-Short-on-a-new-Channel-Down/
BitcoinArsenal
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July 10, 2018, 06:44:16 PM
 #14425

For two and a half days in Munich, Germany, well-known companies such as BMW, Bosch, Volkswagen, Deutsche Bahn, Amadeus, Telekom and many more will seek to move beyond the hype and demonstrate how DLT can disrupt the mobility industry by demonstrating its potential first hand.

Grin
https://blog.iota.org/iota-mobilityhackathon-in-munich-20-22-july-2018-e548102384b7
GasGeverij
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July 10, 2018, 07:32:49 PM
 #14426

Looking good guys! Your centralized coordinator is working as intended  Grin and still worth Billions ! Imagine that  Shocked

https://image.ibb.co/gTDtHT/IOTA_the_snakeoilcrypto.jpg

LOL right on brother IOTA's tangle isn't even working and they compare this stuff to things like QRL smh...
KimNg
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July 10, 2018, 07:43:15 PM
 #14427


LOL IOTA doesn't even work with a centralized coordinator and you are talking about removing it!! Thats classic denial... OMG. Keep it! Stay strong now!  Grin

Satoshi didn't go with Tangle because obviously its a dead end.

You must be talking about a deposit/withdraw issue from a centralized crypto exchange.

IOTA works great, my transaction confirmed in 2 minutes.
https://thetangle.org/live
https://tanglemonitor.com

Check https://www.iota.org/get-started/faqs
for answers like:
What is the Coordinator and why is it needed?
When will IOTA be able to remove the Coordinator?

Compared to btc, IOTA is undervalued.
A word to all my maximalist friends, diversify now. Wink

BTC is good, XEM is better. https://nem.io
Binary is good, Ternary is better. https://iota.org
Gyrsur
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July 10, 2018, 07:46:52 PM
Last edit: July 11, 2018, 09:06:19 AM by Gyrsur
 #14428


LOL IOTA doesn't even work with a centralized coordinator and you are talking about removing it!! Thats classic denial... OMG. Keep it! Stay strong now!  Grin

Satoshi didn't go with Tangle because obviously its a dead end.
Compared to btc, IOTA is undervalued.
A word to all my maximalist friends, diversify now. Wink

IOTA will ever be cheap because it was not intended as a store of value or for speculation. intended for M2M communication but not sure about if IOTA is necessary in favor of. Lightning has the same functionality and can be used for M2M communication.
Come-from-Beyond
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July 10, 2018, 08:29:48 PM
 #14429

WilderX, I have to ban you from this thread for the post which will be deleted in few minutes. And better move to another forum with racist posts.
zenfo
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July 10, 2018, 08:34:28 PM
 #14430

The Internet of things will be a trillion dollar industry, and perhaps the future will be bigger. I think iota can grow much more but they need to make it completely decentralized.
Xantrax
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July 12, 2018, 11:24:16 AM
 #14431

Is there a good (reliable) wallet which i can download and use? My IOTA is currently on Bitfinex and i'm unsure whether this is a good idea.
Scooby903
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July 12, 2018, 11:28:44 AM
 #14432

Posting a tar and a using certs to verify the owner of a file is easy and practically archaic. VW has been thinking of the over the air updates using IOTA; what are the benefits of this over just downloading from a site?
Alohaboy?!
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July 12, 2018, 11:39:45 AM
 #14433


LOL IOTA doesn't even work with a centralized coordinator and you are talking about removing it!! Thats classic denial... OMG. Keep it! Stay strong now!  Grin

Satoshi didn't go with Tangle because obviously its a dead end.
Compared to btc, IOTA is undervalued.
A word to all my maximalist friends, diversify now. Wink

IOTA will ever be cheap because it was not intended as a store of value or for speculation. intended for M2M communication but not sure about if IOTA is necessary in favor of. Lightning has the same functionality and can be used for M2M communication.

That is one of the funny things related to the project. It is not meant to be a store of value or even P2P payment. That's why the price is actually symbolic and it could be one of the projects with a broad usage even without increasing multiple times in value. The price peaks are purely speculative right now since most of the people don't even use any crypto project in any different way than to increase their wealth.

The new Cryptocurrency book "The Magical World of Cryptocurrencies" is out now and available for free to everyone!
Make sure to contribute and give something back to the community.
Visit https://coined1.com or the bitcointalk.org thread https://bitcointalk.org/index.php?topic=5088332.0;topicseen
kronos123
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July 12, 2018, 03:52:47 PM
 #14434

I read a bit of backlog and it seems to me that it has not been mentioned:

https://winiota.com/
THE FIRST DECENTRALIZED ON-TANGLE PROVABLY FAIR CASINO & AI ENHANCED SPORTSBETTING PLATFORM

from July 1st to July 14th Pre-Ico, and then from August 1st to September 1st Ico
the first Ico on Tangle Iota; initially the known Erc-20 will be released while in phase 2, Q3 2018, they will be converted 1: 1 in Tangle Iota, the first of its kind.

This is amazing news for Iota as well as its ongoing partnerships!
huwiler
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July 12, 2018, 03:54:24 PM
Last edit: July 12, 2018, 04:07:48 PM by huwiler
 #14435


LOL IOTA doesn't even work with a centralized coordinator and you are talking about removing it!! Thats classic denial... OMG. Keep it! Stay strong now!  Grin

Satoshi didn't go with Tangle because obviously its a dead end.
Compared to btc, IOTA is undervalued.
A word to all my maximalist friends, diversify now. Wink

IOTA will ever be cheap because it was not intended as a store of value or for speculation. intended for M2M communication but not sure about if IOTA is necessary in favor of. Lightning has the same functionality and can be used for M2M communication.

That is one of the funny things related to the project. It is not meant to be a store of value or even P2P payment. That's why the price is actually symbolic and it could be one of the projects with a broad usage even without increasing multiple times in value. The price peaks are purely speculative right now since most of the people don't even use any crypto project in any different way than to increase their wealth.

Sad that so much BS is littering this thread.  Functionally, IOTA is a far better store of value than BTC or ETH.  Like Bitcoin, it has all the characteristics of money: fungibility, durability, portability, divisibility and a limited supply.  The only difference is that unlike Bitcoin, IOTA can organically scale to meet the transactional requirements of IOT and our future economy without needing centralized off-chain solutions like Lightning (which IMHO undermine the entire point of cryptocurrency).  It also scales in a way that is truly decentralized (once coordinator is removed, which will eventually happen) without decoupling consensus from transactions and creating conflicts of interest.

What do you mean IOTA is not meant for p2p payment?  That's again more BS.  IOTA is designed for M2M.  In the not to distant future, personal payments will all be handled phone to phone or phone to another type of system... This is M2M.
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July 13, 2018, 08:05:23 PM
 #14436

I'm currently comparing other IoT projects to IOTA, and it seems to me that IOTA really lacks critical features.

One of these is privacy: I mean, how can IOTA ever become the infrastructure of IoT if it can't guarantee privacy? Connecting IoT devices to a global network means sharing very personal informations, possibly more than what we share now on socials by means of our smartphones. What about our home devices? And health data?

Also I've been left to the status of IOTA in October 2017: at that time the wallet was having huge problems connecting and transactions didn't go through. How is the transaction time at the moment? Is it like 2 minutes as someone wrote above? If so, how do you expect IOTA to support IoT transactions? In IoT scenarios, embedded devices are expected to react relatively quickly to changes in the environment (think of house doors closing when I leave my apartment... 2 minutes looks like enough time for a thief to make it into my house).

There are excellent blockchain solutions popping up out there, look at IoTex: is IOTA going to be up to it? Honestly, I don't think so.
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July 13, 2018, 11:04:28 PM
 #14437

I'm currently comparing other IoT projects to IOTA, and it seems to me that IOTA really lacks critical features.

One of these is privacy: I mean, how can IOTA ever become the infrastructure of IoT if it can't guarantee privacy? Connecting IoT devices to a global network means sharing very personal informations, possibly more than what we share now on socials by means of our smartphones. What about our home devices? And health data?
...

I doubt you really did a proper comparison or your research was sloppy.

Quote
Anyone interested in privacy and anonymity is recommended to read it.
https://blog.iota.org/research-on-private-transactions-in-iota-cd546751e2c4

Artemsv
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July 14, 2018, 07:21:42 AM
 #14438

MIOTA under maintenance
COBINHOOD exchange is currently implementing system maintenance for MIOTA as a fullnode issue was detected, the team is checking the issue with IOTA Foundation. Deposit and withdrawal functions of MIOTA will be temporarily suspended on the exchange, while trading is accessible as per normal during this period of time. We expect to resume MIOTA deposit/ withdrawal as soon as we can once we confirmed the issue with IOTA Foundation.
https://cobinhood.com/announcements/be54e9de-088b-48a4-bbfb-83e89a00f462
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July 14, 2018, 12:44:17 PM
 #14439

I'm currently comparing other IoT projects to IOTA, and it seems to me that IOTA really lacks critical features.

One of these is privacy: I mean, how can IOTA ever become the infrastructure of IoT if it can't guarantee privacy? Connecting IoT devices to a global network means sharing very personal informations, possibly more than what we share now on socials by means of our smartphones. What about our home devices? And health data?

Also I've been left to the status of IOTA in October 2017: at that time the wallet was having huge problems connecting and transactions didn't go through. How is the transaction time at the moment? Is it like 2 minutes as someone wrote above? If so, how do you expect IOTA to support IoT transactions? In IoT scenarios, embedded devices are expected to react relatively quickly to changes in the environment (think of house doors closing when I leave my apartment... 2 minutes looks like enough time for a thief to make it into my house).

There are excellent blockchain solutions popping up out there, look at IoTex: is IOTA going to be up to it? Honestly, I don't think so.


I doubt you really did a proper comparison or your research was sloppy.


Well, I didn't say I did a comparison, I said that I'm currently doing it, and that's the reason why I'm asking these questions.

Quote
Anyone interested in privacy and anonymity is recommended to read it.

https://blog.iota.org/research-on-private-transactions-in-iota-cd546751e2c4


I checked out your link, so based on what I can read there IOTA was not designed with privacy in mind, and research is ongoing to find a solution to implement some level of privacy, at leat transactions mixing, but that's made difficult basically because the missing "consensus/mining" concept of IOTA does not allow such feature development.

So I think we can safely say IOTA is missing a privacy feature at the moment and adding it, even a partial privacy implementation, is made complicated by the initial IOTA design.

What about transactions speed? Can anyone provide numbers on how fast transactions are getting confirmed on average, and how the confirmation speed is expected to change in a real IoT scenario where billions of devices are connected and transacting?
yurimir
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July 15, 2018, 08:13:43 PM
 #14440

Really good article  Smiley

Fascinating article: "IOTA: A DISTRIBUTED FRAMEWORK FOR DATA-DRIVEN MACHINE INTELLIGENCE" by Martin Banov, published by Coin Pupil

https://coinpupil.com/altcoins/iota-distributed-framework-data-driven-machine-intelligence/

Please give this article a good read. Author makes several analogies between artificial neural networks/machine learning and the tangle. Does an exceptional job at explaining the tangle in high level terms, with great detail in such a short article.

https://www.reddit.com/r/Iota/comments/8yzhj6/fascinating_article_iota_a_distributed_framework/
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