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Author Topic: IOTA  (Read 1457451 times)
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msin
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October 27, 2015, 04:54:28 PM
 #281

CFB; I haven't had much time to read over the whitepaper, but can you briefly explain IOTA's ability to interact with other Blockchain's (like BTC and ETH).  I think this is a killer app that has yet to be achieve in an efficient manner by anyone else.  Here is all I've gathered from the IOTA website:

Iota can communicate to blockchains such as Bitcoin and Ethereum to form a cohesive collaboration with these networks. It can strengthen these blockchains' security by providing checkpoints and also act as an oracle for smart contracts.

Can you elaborate alt all, perhaps with a use case?
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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bitcoinpaul
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October 27, 2015, 05:27:32 PM
 #282

ball park eta til you have something in the wild?

By Christmas.

Exciting times ahead. Once again.
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October 27, 2015, 05:34:15 PM
 #283

So this is the real project of BCNext? Roll Eyes

Yeah, BCNext's Christmas gift Roll Eyes
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October 27, 2015, 05:39:54 PM
 #284

CFB; I haven't had much time to read over the whitepaper, but can you briefly explain IOTA's ability to interact with other Blockchain's (like BTC and ETH).  I think this is a killer app that has yet to be achieve in an efficient manner by anyone else.  Here is all I've gathered from the IOTA website:

Iota can communicate to blockchains such as Bitcoin and Ethereum to form a cohesive collaboration with these networks. It can strengthen these blockchains' security by providing checkpoints and also act as an oracle for smart contracts.

Can you elaborate alt all, perhaps with a use case?

A good description will require a lot of brain resources, I'm working on a whitepaper now and can't distract much, I'll ask David to reply instead of me.
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October 27, 2015, 05:45:34 PM
 #285

Following
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October 27, 2015, 06:18:02 PM
 #286

What no mining  Huh

Really mining?? Huh That's so 2013...



Interesting project CfB, following!  Smiley

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iotatoken
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October 27, 2015, 06:45:26 PM
 #287

CFB; I haven't had much time to read over the whitepaper, but can you briefly explain IOTA's ability to interact with other Blockchain's (like BTC and ETH).  I think this is a killer app that has yet to be achieve in an efficient manner by anyone else.  Here is all I've gathered from the IOTA website:

Iota can communicate to blockchains such as Bitcoin and Ethereum to form a cohesive collaboration with these networks. It can strengthen these blockchains' security by providing checkpoints and also act as an oracle for smart contracts.

Can you elaborate alt all, perhaps with a use case?

More use-cases will be illustrated soon as well as more information will be made available. We were actually just talking with a core Ethereum developer about this topic. Still a lot of discussion to be done to come up with very clear overlap that everyone agrees on of course, but this will also be up to the community.

We are open to talk with any community which has a great platform, but can't support scalable micro-transactions for lightweight devices.

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October 27, 2015, 08:11:47 PM
 #288

machine-to-machine payment rings a bell here.
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October 27, 2015, 10:20:50 PM
 #289

CFB; I haven't had much time to read over the whitepaper, but can you briefly explain IOTA's ability to interact with other Blockchain's (like BTC and ETH).  I think this is a killer app that has yet to be achieve in an efficient manner by anyone else.  Here is all I've gathered from the IOTA website:

Iota can communicate to blockchains such as Bitcoin and Ethereum to form a cohesive collaboration with these networks. It can strengthen these blockchains' security by providing checkpoints and also act as an oracle for smart contracts.

Can you elaborate alt all, perhaps with a use case?

More use-cases will be illustrated soon as well as more information will be made available. We were actually just talking with a core Ethereum developer about this topic. Still a lot of discussion to be done to come up with very clear overlap that everyone agrees on of course, but this will also be up to the community.

We are open to talk with any community which has a great platform, but can't support scalable micro-transactions for lightweight devices.

Okay, thanks, I figured it might be too early to get a definitive answer.  It has a lot of potential use cases which is exciting!
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October 27, 2015, 11:25:25 PM
 #290

a lot of brain resources

Isn't that your specialty  Smiley
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October 28, 2015, 02:12:37 AM
 #291

I'm excited for this whats the dev time currently?

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October 28, 2015, 02:30:01 AM
 #292

Problem of adoption is real issue u may have great idea but most people still not know what bitcoin is. Is good u pave path with this but is no market outside altcoin niche.
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October 28, 2015, 03:55:29 AM
 #293

exciting
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October 28, 2015, 04:09:39 AM
 #294


It is more fair because it means it's entirely up for grabs to anyone. There is no coins arbitrarily set aside for the developers. If the community insist, please feel free to donate free iotas to us after the ico Wink

So there won't even be any restrictions as to how many a person can buy and hold, I'm guessing.

Which leads to the question, how easy would it be for someone to buy 20% of the ICO and just play around with the market for the next coming months and manipulate it to gain more and more coins?
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October 28, 2015, 06:27:59 AM
 #295

I hope it will be greater project than Jinn

IOTA
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October 28, 2015, 10:06:13 AM
 #296

AM I missing something?
Where is the date for ICO/IPO
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October 28, 2015, 12:24:47 PM
 #297

I'm excited for this whats the dev time currently?

ETA for launch of the IOTA client is ~Christmas. Details surrounding ICO will come soon.

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October 28, 2015, 12:27:37 PM
 #298


It is more fair because it means it's entirely up for grabs to anyone. There is no coins arbitrarily set aside for the developers. If the community insist, please feel free to donate free iotas to us after the ico Wink

So there won't even be any restrictions as to how many a person can buy and hold, I'm guessing.

Which leads to the question, how easy would it be for someone to buy 20% of the ICO and just play around with the market for the next coming months and manipulate it to gain more and more coins?

This is obviously true for any coin of any kind that can be bought whether it's bitcoin, ether, nxt, bts, or any other crypto. But to purchase 20% and then successfully manipulate the market to acquire more and more seems dubious at best and would cost a lot. Those who elect to purchase IOTA tokens will hopefully do so because they are interested in the tech and thus wont be manipulated easily.

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October 28, 2015, 12:59:33 PM
 #299

You could always issue it as a NXT asset and accept only SuperBTC if you're not looking for a NXT investment
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October 28, 2015, 01:21:51 PM
 #300

I hope it will be greater project than Jinn

if you missed the Jinn original auction, you can catch the Iota crowd-sale to make up. Wink
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