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Author Topic: IOTA  (Read 648592 times)
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Spratan
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March 20, 2017, 05:21:25 PM
 #7981

IOTA is somewhat uncertain that might be better than byteball to the general public. So, 20'000 btc marketcap is way more legit these days (while BB has 10'000).

you underestimated BB's real marketcap. BB only released 13.4% of its total coins so far. Its marketcap for the 13.4% of coins is 10,000 btc. It means that its overall marketcap for all its coins is 74,626 btc (10,000/13.4%), about $74 millions.

Not true my friend.

Do you calculate BTC marketcap by multiplying coin price with Circulating Supply or 21 million?

Totally different. Future bitcoins don't exist and are to be mined during the next decades.
Byteball are already created and distribution is the "prince's will". They all will be distributed in 18 months.
The money supply already exists.

Please read my reply to zanzibar.

Anyone can choose the best math for his own interest or point of view, but the wiser or experimented trader will easily acknowledge that future BTC are not even created and far from being created (decades), there is no uncertainty and at this stage it won't trigger a massive dump and distribution.
Conversely, the wiser will anticipate that 87 % of Byteball are going to be distributed in a matter of months, and that the whole current marketcap is highly linked to the coins left to be issued, not the coins already issued ! When 75% are issued, in about a year, the marketcap, based on issued coins, will be more relevant.

But hey, it is Iota thread !

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March 20, 2017, 07:11:31 PM
 #7982

I tried to claim my IOTA´s. It shows the correct amount but even after more than 12hrs it´s still loading. I have to say it´s a slow pc but other people said it takes something about 30 min or so. Any thoughts?

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March 20, 2017, 07:36:41 PM
 #7983

I tried to claim my IOTA´s. It shows the correct amount but even after more than 12hrs it´s still loading. I have to say it´s a slow pc but other people said it takes something about 30 min or so. Any thoughts?

go to slack. you will get help there. tell them what exactly happened, for instance, what did you mean by still loading?
Come-from-Beyond
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March 20, 2017, 07:47:28 PM
 #7984

actually @admin is CfB in YDX slack.
and he is free to trade if he wishes so in a free market.

i used to trade in with supernet's assets and the lead dev there always has sell and buy walls.
in fact if you have traded nxt assets before, there is a lot of buy and sells from owners.

I was lured into this thread with a promise that I'll find a drama here (the guy knows I like dramas). Unfortunatelly, it's too late, everything seems to cool down already. Anyway, I did some trades and now I hold 70 Gi more than week ago. Expect more trades, I hope the spread will be wide, I hate scalping...
vlechogo
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March 20, 2017, 07:54:17 PM
 #7985



I was lured into this thread with a promise that I'll find a drama here (the guy knows I like dramas). Unfortunatelly, it's too late, everything seems to cool down already. Anyway, I did some trades and now I hold 70 Gi more than week ago. Expect more trades, I hope the spread will be wide, I hate scalping...


Can I have like five Gi ?
bermur
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March 20, 2017, 08:25:20 PM
 #7986

Contact David aka iotatoken.

Hello again

I have written many emails to iota support, also many messages to David
and he has never answered.
Why in the snapsot of the 2 of March 2016 appears my wallet
JXQVDPNKMEZVTZDBRFJYQELAIKJYBCAVIYBQAISXLEAMGVYEBN9NASUWINKOINBLSBGUQEKOTQC9GRK XV
https://bitcointalk.org/index.php?topic=1216479.msg14351843#msg14351843
However in the snapsot of October 3, 2016 no longer appears and neither
in the following
http://Http://pastebin.com/NdQjLWbK

What do I have to do to recover my iotas besides recommending me to
write to iota support, since they do not give life signals?

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March 20, 2017, 08:34:46 PM
 #7987

Contact David aka iotatoken.

Hello again

I have written many emails to iota support, also many messages to David
and he has never answered.
Why in the snapsot of the 2 of March 2016 appears my wallet
JXQVDPNKMEZVTZDBRFJYQELAIKJYBCAVIYBQAISXLEAMGVYEBN9NASUWINKOINBLSBGUQEKOTQC9GRK XV
https://bitcointalk.org/index.php?topic=1216479.msg14351843#msg14351843
However in the snapsot of October 3, 2016 no longer appears and neither
in the following
http://Http://pastebin.com/NdQjLWbK

What do I have to do to recover my iotas besides recommending me to
write to iota support, since they do not give life signals?



Please join the slack channel and ask there. Many people are very active and have been helping others in your situation.
http://slack.iota.org/
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March 20, 2017, 09:26:24 PM
 #7988

there was a signature change, so your old balance is part of the address with all the 999's
install a client and you can get the iotas from your old seed into a new one.

Contact David aka iotatoken.

Hello again

I have written many emails to iota support, also many messages to David
and he has never answered.
Why in the snapsot of the 2 of March 2016 appears my wallet
JXQVDPNKMEZVTZDBRFJYQELAIKJYBCAVIYBQAISXLEAMGVYEBN9NASUWINKOINBLSBGUQEKOTQC9GRK XV
https://bitcointalk.org/index.php?topic=1216479.msg14351843#msg14351843
However in the snapsot of October 3, 2016 no longer appears and neither
in the following
http://Http://pastebin.com/NdQjLWbK

What do I have to do to recover my iotas besides recommending me to
write to iota support, since they do not give life signals?


andyatcrux
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March 20, 2017, 09:37:29 PM
 #7989

there was a signature change, so your old balance is part of the address with all the 999's
install a client and you can get the iotas from your old seed into a new one.

Contact David aka iotatoken.

Hello again

I have written many emails to iota support, also many messages to David
and he has never answered.
Why in the snapsot of the 2 of March 2016 appears my wallet
JXQVDPNKMEZVTZDBRFJYQELAIKJYBCAVIYBQAISXLEAMGVYEBN9NASUWINKOINBLSBGUQEKOTQC9GRK XV
https://bitcointalk.org/index.php?topic=1216479.msg14351843#msg14351843
However in the snapsot of October 3, 2016 no longer appears and neither
in the following
http://Http://pastebin.com/NdQjLWbK

What do I have to do to recover my iotas besides recommending me to
write to iota support, since they do not give life signals?




Actually, I believe his is in the same boat as I. We cannot use the wallet to claim, but have to give David our information (old seed and a new address created with a new seed) so he submits it to CfB to be included in the next snapshot.
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March 21, 2017, 02:53:01 AM
 #7990

BTC face fork risk, ETH price is already too high, if IOTA is listed on Exchange now, it will attract speculated fund, good price on Exchange is helpful on the market and community building,more people invested in IOTA, more IOTA node will be set up and IOTA network will be more efficient and robust, the process is positive feedback or vice versa.

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March 21, 2017, 11:38:06 AM
 #7991

Not here to FUD, I really like iota and I wish it succeds, but when I see all these guys repeating again and again about "partnerships with big companies"... I dont like hype and delusion in markets, so im going to say, it is about "proof of concept" projects, which basically means that they will test it to see if they can base a real life bussines model on it. Yes it is awsome achievement, for project from bitcointalk, but it doesnt mean they are going to use it. Maybe they will just find out what needs to be changed and they will create their own alternative based on results or decide to go with other tech they partnered with for POC.

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March 21, 2017, 11:41:58 AM
 #7992

Not here to FUD, I really like iota and I wish it succeds, but when I see all these guys repeating again and again about "partnerships with big companies"... I dont like hype and delusion in markets, so im going to say, it is about "proof of concept" projects, which basically means that they will test it to see if they can base a real life bussines model on it. Yes it is awsome achievement, for project from bitcointalk, but it doesnt mean they are going to use it. Maybe they will just find out what needs to be changed and they will create their own alternative based on results or decide to go with other tech they partnered with for POC.

Of course there are a ton of pocs , however with the big partnerships like innogy and ubuntu we are far behind the poc phase , read the announcement , they will use it , not just as a poc

a bunch of pocs have been developed for a LONG time

Pocs dont get published at all , they get published once they turn into real things

and a bunch of pocs that turned into real deals are not being published yet due to non-disclosure-agreements
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March 21, 2017, 11:48:40 AM
 #7993

IOTA is somewhat uncertain that might be better than byteball to the general public. So, 20'000 btc marketcap is way more legit these days (while BB has 10'000).

you underestimated BB's real marketcap. BB only released 13.4% of its total coins so far. Its marketcap for the 13.4% of coins is 10,000 btc. It means that its overall marketcap for all its coins is 74,626 btc (10,000/13.4%), about $74 millions. 

Your math is right if assuming that no dump happens when all coins have been released.

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March 21, 2017, 12:16:03 PM
 #7994

IOTA is somewhat uncertain that might be better than byteball to the general public. So, 20'000 btc marketcap is way more legit these days (while BB has 10'000).

you underestimated BB's real marketcap. BB only released 13.4% of its total coins so far. Its marketcap for the 13.4% of coins is 10,000 btc. It means that its overall marketcap for all its coins is 74,626 btc (10,000/13.4%), about $74 millions.

Your math is right if assuming that no dump happens when all coins have been released.

He cannot make a linear extrapolation. It is a very naive method.

What would happen to the *current price today* if Tony announces that he would release the rest of the coins(86.6%) in the following week?
Anyone with basic understanding understands that 5 minutes later we would see a price drop.
Why would it drop? aren't they suppose to think that a $74m is a fair marketcap?
His argument implies that it wouldn't make a change and the market would be indifferent to such announcement. And it is a false assumption.

I'm not really familiar with BB but my guess is that he made this kind of distribution to make it perceived by others the way John_Paul is incentivized to see it.

My guesstimate for BB marketcap is anywhere in the range of $20m-$45m (and I have been very generous)
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March 21, 2017, 01:04:16 PM
 #7995

BTC face fork risk, ETH price is already too high, if IOTA is listed on Exchange now, it will attract speculated fund, good price on Exchange is helpful on the market and community building,more people invested in IOTA, more IOTA node will be set up and IOTA network will be more efficient and robust, the process is positive feedback or vice versa.

People have not started to grasp and appreciate the fact that IOTA has got rid of miners. In IOTA, the transaction issuers are also transaction approvers and these two parties are no longer decoupled as in Bitcoin and Ethereum which use miners as the transactions approvers.  This will bring a huge advantage for IOTA.

We all know how many frictions the miners have brought into the Bitcoin system. The third parties (such as miners in PoW, stakers in PoS, witnesses and delegates in other systems) naturally makes the system more complicated (in other words, more vulnerable) because they could have different interests than the issuers(users). When those platforms become big enough like today's Bitcoins, the conflicts between issuers and approvers will become notable. This kind vulnerability could make those systems virtually not fit for commercial use and applications when the conflicts become big.
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March 21, 2017, 01:44:12 PM
 #7996

It is highly possible that in the next several months, we will start to see the narratives about how to reduce miners power, how to get rid miners, and how to get rid of the third party validators eventually in the research branch in this cryptocoins space.
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March 21, 2017, 03:44:08 PM
 #7997

People have not started to grasp and appreciate the fact that IOTA has got rid of miners. In IOTA, the transaction issuers are also transaction approvers and these two parties are no longer decoupled as in Bitcoin and Ethereum which use miners as the transactions approvers.  This will bring a huge advantage for IOTA.

We all know how many frictions the miners have brought into the Bitcoin system. The third parties (such as miners in PoW, stakers in PoS, witnesses and delegates in other systems) naturally makes the system more complicated (in other words, more vulnerable) because they could have different interests than the issuers(users). When those platforms become big enough like today's Bitcoins, the conflicts between issuers and approvers will become notable. This kind vulnerability could make those systems virtually not fit for commercial use and applications when the conflicts become big.

Exactly, DAG (Tangle) is superior to any current consensus in almost every way. The fact that is solves scalability and fees is a huge step forward. Ethereum still hasn't even figured out how to implement POS (not sure if there is a safe way) and the clock is ticking, frankly I wouldn't be surprised if it looks into DAG as an alternative.
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March 21, 2017, 04:20:59 PM
 #7998

Not here to FUD, I really like iota and I wish it succeds, but when I see all these guys repeating again and again about "partnerships with big companies"... I dont like hype and delusion in markets, so im going to say, it is about "proof of concept" projects, which basically means that they will test it to see if they can base a real life bussines model on it. Yes it is awsome achievement, for project from bitcointalk, but it doesnt mean they are going to use it. Maybe they will just find out what needs to be changed and they will create their own alternative based on results or decide to go with other tech they partnered with for POC.

Are you aware that a big chuck of the marketcap is based on expectations? when was the last time you have used DASH to buy something at the store?
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March 21, 2017, 05:04:09 PM
 #7999

Not here to FUD, I really like iota and I wish it succeds, but when I see all these guys repeating again and again about "partnerships with big companies"... I dont like hype and delusion in markets, so im going to say, it is about "proof of concept" projects, which basically means that they will test it to see if they can base a real life bussines model on it. Yes it is awsome achievement, for project from bitcointalk, but it doesnt mean they are going to use it. Maybe they will just find out what needs to be changed and they will create their own alternative based on results or decide to go with other tech they partnered with for POC.

I completely agree, in fact you will find the Iota team is very anti-hype, almost too much. There are no guarantees in crypto, but Iota serves a specific purpose and is unique in every way, and has established some very key relationships to further adoption. The crypto trader market is second-tier priority for the Iota team you will find they are far more concerned with PoC projects and legitimate business partnerships. Compared to so many other projects that are publicly traded, Iota is actually working and ready for mainstream. With time I think you'll see a lot of similarities with Ethereum for independent developer projects and Ripple for corporate partnerships.
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March 22, 2017, 03:29:35 PM
 #8000

It is highly possible that in the next several months, we will start to see the narratives about how to reduce miners power, how to get rid miners, and how to get rid of the third party validators eventually in the research branch in this cryptocoins space.

It came sooner as I thought - http://www.coindesk.com/fire-the-miners-radical-ideas-emerge-as-bitcoin-fork-talk-escalates/

Someone should bring IOTA into their conversation.
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