IOTA

[Hachoir]

how to buy IOTA... and what price is it compared to the ICO.

I have no idea how I missed this ICO.



I've practically lived on this board for the last 3 years?

how long did this ICO last?

IOTA was announced late October, crowdsale started late November and lasted to late December. We were covered in all the crypto-sites, several of the crypto slacks, so not sure how you missed it either. We didn't have a marketing budget and we didn't want to hype it for months, so we couldn't pull a Ethereum or Augur, but several hundred participated, so I think you must've just been unlucky if you didn't catch it.

The best way to acquire IOTA now is to either:

1. Offer some work, community members may put up a bounty or pay for tasks
2. Wait for it to come on exchanges after launch
3. Buy from someone (you should use trusted escrow)

Yes, that was unfortunate.

So it lasted 27 days?

I think such an ambitious and revolutionary product should have had a far larger ICO in terms of length and awareness.

It seems very alive on the main board now.  I notice nothing else other than IOTA threads.

The initial distribution of a token/coin I believe is core to it's acceptance later on.

Yes, the great distribution Iota had will help tremendously with its success.  

This remains to be seen.

I still think a much wider distribution would have been better.

Let us say like this, if there is a second ICO, when it's finished, some guys are still not aware of IOTA, then they show up in this thread and say "I have no idea how I missed this ICO..." and ask for a third ICO, it's endless. Also it's unfair to early investors.

So raising a second ICO is f*cking ridiculous , you miss the ICO, it's your fault, not others.

It's not a fault. For some it's a choice.

[50cent_rapper]

Yes this is one possible way to look at it. I wonder if a poll was raised on the main alt discussion forum if the board over time would rather see more opportunity and time given to all bct members to get behind such a project. I mean why see it as a bad thing. More people on board the more people pushing it forward and less thinking it was a quick fast ICO that only a small % of the board got to know about.

You see dash made the same error of thinking - although their launch and coin grab was an out right scam. IOTA ipo was not a scam it was an opportunity for those few that knew about it to purchase all the coins cheaply and then  charge 25x IPO price when nothing concrete has really changed.

I mean it seems very unfair that the rest of the board that didn't hear about it should now be paying 25x more when there is nothing more to actually see right now?

Why not a second IPO for a 2nd wave of investors? more development funds? see it as an extension of the first IPO and not a second one.

I think it could be a great idea. For everyone because yes 25x ipo seems great now. However if a lot more people came on board their investment and time can push it far higher.

Someone's rewards are the gains for risk.

The ICO participants took the maximum risk. There were NO ESCROW. NO SOURCE CODE. NO MICROSOFT EXCITING NEWS. We blindly throw money into btc address posted on btt. We got maximum reward.

Now the guys who buy IOTA here https://bitcointalk.org/index.php?topic=1360660.0 HAVE NO ESCROW (if buying only a part of early adopter share). HAVE NO GUI. HAVE NO EXCHANGE. They took risk. That's why they will get not a maximum but very good reward.

And the guys who will buy iota on exchanges will took risk, cause I think there will be NO HARDWARE SUPPORT of iota when it will arrives at exchanges - thus they will get their profits.

And what I see in your posts is that you are not willing to take any risk. You wanna get profits without take of any risk. I hope you do not plan to disguise it under some talk about "unfair distribution"  :-|

[50cent_rapper]

Who will run full nodes, it costs money, is there a reward for them to do this thing?

No reward.

RIP.

You only need to see Bitcoin nodes falling.

If you see it only as a software, but IOTA will have hardware support/hardware nodes.

[Hachoir]

Is there a release date or still not

[achimsmile]

Who will run full nodes, it costs money, is there a reward for them to do this thing?

No reward.

RIP.

You only need to see Bitcoin nodes falling.

Could have to do with the blockchain being almost 60GB big.

[Come-from-Beyond]

RIP.

This claim looks pretty bold to me...

[Come-from-Beyond]

Is there a release date or still not

No, we have not started beta testing yet.

[superresistant]

Who will run full nodes, it costs money, is there a reward for them to do this thing?

No reward.

RIP.
You only need to see Bitcoin nodes falling.

Could have to do with the blockchain being almost 60GB big.

It is true. I cannot host a Bitcoin node myself. I only have a laptop with a SSD drive with limited space. Plus I cannot let the computer awake all the time.
I am thinking about building a dedicated machine as a node with the new Raspberry 3 but it is impossible to find right now.

[child_harold]

I dunno any self-updating cryptos. I wonder how that would work

ps https://twitter.com/tangleninja/status/696307397971865600
#IOTA community memeber Silmarils managed to get IOTA running on an Intel Edison

Your question sounded like you asked about self-updating devices, not cryptos.

Good point. What's updating, the software or the device?

I imagined that the software running on the device would self-update by periodically querying the network for the most recent sw version and pulling updates down automatically using something like bittorrent.

e.g. http://www.forbes.com/sites/antonyleather/2015/03/16/windows-10-to-use-bittorrent-style-p2p-to-deliver-updates/#59a7d2f21a54

It seems like a per-requisite for any IoT crypto running on an IoT device to have a means of self-updating without user involvement.

[Come-from-Beyond]

Good point. What's updating, the software or the device?

I imagined that the software running on the device would self-update by periodically querying the network for the most recent sw version and pulling updates down automatically using something like bittorrent.

e.g. http://www.forbes.com/sites/antonyleather/2015/03/16/windows-10-to-use-bittorrent-style-p2p-to-deliver-updates/#59a7d2f21a54

It's still not clear if you are talking about Iota software or firmware. In any case the both can be updated solely via Iota Messaging.

[Hachoir]

If it's that revolutionary then it should overthrow bitcoin not only in terms of marketcap but in terms of price too

[child_harold]

Good point. What's updating, the software or the device?

I imagined that the software running on the device would self-update by periodically querying the network for the most recent sw version and pulling updates down automatically using something like bittorrent.

e.g. http://www.forbes.com/sites/antonyleather/2015/03/16/windows-10-to-use-bittorrent-style-p2p-to-deliver-updates/#59a7d2f21a54

It's still not clear if you are talking about Iota software or firmware. In any case the both can be updated solely via Iota Messaging.

Im not sure if I know what Im talking about either

You buy a Raspberry Pi and install IOTA on it. You walk away and never touch it again. If Iota Messaging handles updates in my absence then Id consider it self-updating.

[Come-from-Beyond]

Im not sure if I know what Im talking about either

You buy a Raspberry Pi and install IOTA on it. You walk away and never touch it again. If Iota Messaging handles updates in my absence then Id consider it self-updating.

Software must support this feature explicitly.

[child_harold]

Im not sure if I know what Im talking about either

You buy a Raspberry Pi and install IOTA on it. You walk away and never touch it again. If Iota Messaging handles updates in my absence then Id consider it self-updating.

Software must support this feature explicitly.

And your previous statement means it does?

It's still not clear if you are talking about Iota software or firmware. In any case the both can be updated solely via Iota Messaging.

Or are you referring to some other software besides the IOTA server/node?

(beginning to think I should drink 3 espressos before continuing… lol)

[Come-from-Beyond]

Im not sure if I know what Im talking about either

You buy a Raspberry Pi and install IOTA on it. You walk away and never touch it again. If Iota Messaging handles updates in my absence then Id consider it self-updating.

Software must support this feature explicitly.

And your previous statement means it does?

It's still not clear if you are talking about Iota software or firmware. In any case the both can be updated solely via Iota Messaging.

Or are you referring to some other software besides the IOTA server/node?

(beginning to think I should drink 3 espressos before continuing… lol)

Yes.

[child_harold]

Yes.

Yes? (you're messing with me right? LOL)

[Videodrome]

Kevin Ashton is watching us.

https://en.wikipedia.org/wiki/Kevin_Ashton

[Come-from-Beyond]

Yes? (you're messing with me right? LOL)

No. Looks like a misunderstanding. Let's start over again.

[I-Love-Iota]

Glad to read the microsoft news.  I was not able to do better.

[Tobo]

Who will run full nodes, it costs money, is there a reward for them to do this thing?

There are other types of incentives.

One of the incentives is the ability to access a free marketplace for them to sell and buy IoT data and other resources with zero fee. The benefit will be much bigger than the cost to of running a node.