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Author Topic: IOTA  (Read 821265 times)
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Tobo
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November 18, 2015, 02:23:53 AM
 #701

The weight of the Proof-of-Work behind it. If it was false, it would not be confirmed in Tangle.

For instance, in Rootstack and Ethereum, smart contracts may need interest rate and stock price from outside to trigger the contracts, will Iota be able to provide these kind data?
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November 18, 2015, 02:36:02 AM
 #702

The weight of the Proof-of-Work behind it. If it was false, it would not be confirmed in Tangle.

For instance, in Rootstack and Ethereum, smart contracts may need interest rate and stock price from outside to trigger the contracts, will Iota be able to provide these kind data?

Hmm, theoretically sure, but not necessarily. It all depends on how the use-cases evolves. IOTA doesn't discriminate, it can be used for all kinds of micro-transactions. But in my opinion, at least as I see it right now, it'll be based more on raw data from the IoT ecosystem.

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November 18, 2015, 02:49:54 AM
 #703

But in my opinion, at least as I see it right now, it'll be based more on raw data from the IoT ecosystem.

Make sense.
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November 18, 2015, 12:18:11 PM
 #704

I'm old, 43 already...    Smiley
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November 18, 2015, 12:18:48 PM
 #705

Does mthcl mean Math Call? Grin
no   Smiley
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November 18, 2015, 01:18:45 PM
 #706

Come-from-Beyond, mthcl or David just one additional question: Is the amount of IOTA-Token/Coins really 999’999’999 and there are 9 figures after decimal point, so one more than Bitcoin have? So IOTA has even smaller units like a Bitcoin Satoshi? Thanks for clarification.

Altcoinspekulant: Deutscher Altcoinblog.
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November 18, 2015, 01:31:17 PM
 #707

Come-from-Beyond, mthcl or David just one additional question: Is the amount of IOTA-Token/Coins really 999’999’999 and there are 9 figures after decimal point, so one more than Bitcoin have? So IOTA has even smaller units like a Bitcoin Satoshi? Thanks for clarification.

No. There will be 999'999'999'.999999999.
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November 18, 2015, 01:58:28 PM
 #708

Thanks for clarification. Probably my English was not good enough but this is what I've assumed, so .999999999 and not 0.99999999

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November 18, 2015, 02:38:00 PM
 #709

Come-from-Beyond, mthcl or David just one additional question: Is the amount of IOTA-Token/Coins really 999’999’999 and there are 9 figures after decimal point, so one more than Bitcoin have? So IOTA has even smaller units like a Bitcoin Satoshi? Thanks for clarification.
No. There will be 999'999'999'.999999999.

So they are all integer and total # is 1 quintillion minus 1, right? - https://en.wikipedia.org/wiki/Names_of_large_numbers
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November 18, 2015, 03:56:22 PM
 #710

So they are all integer and total # is 1 quintillion minus 1, right? - https://en.wikipedia.org/wiki/Names_of_large_numbers

Maybe. There is ambiguity in number names, e.g. sometimes a billion contains 9 zeros, sometimes 12. There are 18 decimal places in Iota amounts.
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November 18, 2015, 05:42:22 PM
 #711

So they are all integer and total # is 1 quintillion minus 1, right? - https://en.wikipedia.org/wiki/Names_of_large_numbers
Maybe. There is ambiguity in number names, e.g. sometimes a billion contains 9 zeros, sometimes 12. There are 18 decimal places in Iota amounts.

What is the rationale to create such a huge amount of coins?
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November 18, 2015, 05:59:30 PM
 #712

So they are all integer and total # is 1 quintillion minus 1, right? - https://en.wikipedia.org/wiki/Names_of_large_numbers
Maybe. There is ambiguity in number names, e.g. sometimes a billion contains 9 zeros, sometimes 12. There are 18 decimal places in Iota amounts.

What is the rationale to create such a huge amount of coins?

Micro-Transactions.
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November 18, 2015, 06:08:36 PM
 #713

So they are all integer and total # is 1 quintillion minus 1, right? - https://en.wikipedia.org/wiki/Names_of_large_numbers
Maybe. There is ambiguity in number names, e.g. sometimes a billion contains 9 zeros, sometimes 12. There are 18 decimal places in Iota amounts.

What is the rationale to create such a huge amount of coins?

Micro-Transactions.

Exactly, 10^18 units is not that much if we recall share size of IoT market.
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November 18, 2015, 06:21:27 PM
 #714

Now I have understood. Thanks. The first Investors will really be whales ;-)

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November 18, 2015, 06:24:56 PM
 #715

Exactly, 10^18 units is not that much if we recall share size of IoT market.

so the sellers can price the data by per byte, or something like that, correct?
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November 18, 2015, 08:08:20 PM
 #716

Exactly, 10^18 units is not that much if we recall share size of IoT market.

so the sellers can price the data by per byte, or something like that, correct?

even per bit :-)
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November 18, 2015, 08:26:16 PM
 #717

so the sellers can price the data by per byte, or something like that, correct?

Depends. Bandwidth is too cheap for pricing per byte.
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November 18, 2015, 08:51:55 PM
 #718

What will be the fee structure of IOTA?  Or will there even be one?

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
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November 18, 2015, 09:10:58 PM
 #719

What will be the fee structure of IOTA?  Or will there even be one?

There is no fees in Iota, you "pay" by securing the system.
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November 19, 2015, 06:46:25 PM
 #720

Can Itoa client be installed in most of today's sensors in term of the hardware requirement or do most of today's sensors meet the minimum hardware requirement to install Itota client?
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