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Author Topic: IOTA  (Read 645499 times)
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lucky88888
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October 21, 2015, 11:50:32 PM
 #81

guess you really are BCNext! Talk about split personalities/good acting!

Fuck Mt.Gox! Fuck Mintpal! Fuck Bter! FUCK kyc! Protect yourself use MGW! SUPERNET!
Recommended ASSET ->InstantDex : Lead Dev Jl777 (decentralized multi currency instant exchange)
Recommended ASSET -> Jinn : Lead Dev Come-from-Beyond (ternary processors!)
https://nxtforum.org/news-and-announcements/(ann)-jinn/
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nexern
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October 22, 2015, 12:30:46 AM
 #82

a fluid, self-organizing swarmchain?
what are the data storage requirements for each node/device over time?
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October 22, 2015, 01:23:09 AM
 #83

So,there will be another TOKEN except Jinn on NXT AE both for Tangle tech?
 



Could you expand on your question? Not entirely sure what you are asking. JINN tokens are unrelated to IOTAs

What's the difference between JINN token and IOTA token?
or what do these two tokens stand for respectively?

Could you simply explain?
Thanks. Smiley
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October 22, 2015, 01:25:24 AM
 #84

Another ,I like this logo of IOTA . Smiley
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October 22, 2015, 01:38:10 AM
 #85

Though I was invited to review the whitepaper, it seems all my questions remains unanswered. And section "4.1 Resistance to quantum computations" (added after my review?) seems pretty controversial by its reasoning. Anyway, Popov's work is the deepest made on DAG cryptocurrencies(all I've seen before were just forum & blog posts), I'm not sure what's presented enough to make something production-ready though. Let's see what will happen here. Have luck guys!  Smiley
I'm not sure if I understand what exactly your question is. If it's about submitting two conflicting tx's, then there is no problem - one will survive, and the other will die (that is, at some moment it will stop gaining cumulative weight). Besides, if you're buying smth from a merchant and submit a conflicting transaction at the same time, the merchant would call a police  Smiley
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October 22, 2015, 02:13:03 AM
 #86

So I suppose if we want to start talking about this idea I can go ahead and talk about my concern. And I will fully admit that this may be my lack of understanding or imagination only and nothing wrong with the concept at all.

If the network is fracture tolerant, than there is a concern that you might be validating a doublespend transaction without realizing it when creating your own transaction. This wouldn't be much of a big deal assuming only a hand full of dinguses trying to doublespend for personal profit, but what if someone(s) tries to exploit this as an attack vector against the network its self with no intention of personally profiting from the actual double-spend.

Dev's tried to explain to me why this reservation was unfounded but either the answers were nonsense or I wasn't smart enough to understand (probably the second one). So this seems like a better place to continue that discussion than my private messages since someone else might benefit.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? Is there any process, procedure or ritual through which an immoral action can be legitimately transformed into a moral one with out changing the character of the action itself?
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October 22, 2015, 03:11:58 AM
 #87

Looks interesting.
Watching this.
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October 22, 2015, 04:18:09 AM
 #88

Looked through the whitepaper. Really good concept you have there! will wait for this Grin
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October 22, 2015, 04:28:13 AM
 #89

Though I was invited to review the whitepaper, it seems all my questions remains unanswered. And section "4.1 Resistance to quantum computations" (added after my review?) seems pretty controversial by its reasoning. Anyway, Popov's work is the deepest made on DAG cryptocurrencies(all I've seen before were just forum & blog posts), I'm not sure what's presented enough to make something production-ready though. Let's see what will happen here. Have luck guys!  Smiley
I'm not sure if I understand what exactly your question is. If it's about submitting two conflicting tx's, then there is no problem - one will survive, and the other will die (that is, at some moment it will stop gaining cumulative weight). Besides, if you're buying smth from a merchant and submit a conflicting transaction at the same time, the merchant would call a police  Smiley

The attacker can leave after he received the good and then issue the double spend as said in the Whitepaper. So the merchant will not see anything until the attack succeed ( if it succeed )


EDIT : I love IOTA. Good luck guys ! Cheesy

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October 22, 2015, 04:33:40 AM
 #90

Here's a really stupid question.  As a regular human being on the planet earth, why exactly do I want IoT to be invented in the first place?  How do I benefit from this?  There was what IoT seems like to me from another post.  Basically me walking or driving around and having the government attacking me with surveillance and microtransactions:

Sounds great if IoT wasn't a code word for giant surveillance grid of doom.  Yes, this is the type of structure things like unmanned cars will be built around.  People will be required to carry devices to travel on public infrastructre, maybe a cell phone type device that acts as a transponder.  In addition to their sensors simulating sight, unmanned cars will detect the RF from the device and act as a collision avoidance plus navigation system.  Your wallet and identity will then be connected to the same transponder.  Everyone will be tracked like cattle. 

So yea, there is really no such thing as a "decentralized IoT".  All it is, is a system to broadcast as much personal information as possible to be centrally administratively controlled.

" As a regular human being on the planet earth, why exactly do I want IoT to be invented in the first place? " - It will make people life easier. So they will adopt it even if it's can be a great surveillance tool for government or company.

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October 22, 2015, 05:29:00 AM
 #91

hmmm! Interesting project  Roll Eyes

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October 22, 2015, 06:38:59 AM
 #92

So,there will be another TOKEN except Jinn on NXT AE both for Tangle tech?
 



Could you expand on your question? Not entirely sure what you are asking. JINN tokens are unrelated to IOTAs

https://nxtforum.org/news-and-announcements/%28ann%29-jinn/msg197270/#msg197270

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October 22, 2015, 07:00:10 AM
 #93

Centralization of control
As history shows, small miners form big groups to reduce variation of the reward. This leads to concentration of power (computational and political) in hands of few pool operators and gives them ability to apply wide spectrum of policies (filtering, postponing) on certain transactions. Although there are no known cases where pool operators abused their power, there have been several instances where the opportunity were present. This possibility in a monetary system powering a multibillion (in USD) industry is completely unacceptable.

PoW with no block reward [to avoid centralization]. [...]

[...] Or IOTA owners have to "hire" miners. [...]

Looks like a contradiction at the first glance. CfB/iotatoken could you shed more light on the mining/PoW requirement?

Besides, needless to say: Following.
makoto1337
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October 22, 2015, 07:27:04 AM
 #94

Interesting, but isn't quantum secure cryptography slow in its current form?

NeverEnoughMakoto XEM: NDMAKOTODH4OXMQCAGZWWPVLRUVOCLXXKOSKFUJA/
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October 22, 2015, 08:12:02 AM
 #95

 


Come-from-Beyond
brand new
the Internet-of-Things
quantum-resistant cryptography
This is why Iota was conceived
Tangle

Here's my bag so you don't ask : BTC, iexec, byteball and pepecash
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October 22, 2015, 08:36:53 AM
 #96

a fluid, self-organizing swarmchain?
what are the data storage requirements for each node/device over time?

Lower bound is TOTAL/numberOfDevice, upper bound is TOTAL, the truth is somewhere in between, because redundancy above the lower bound is needed. TOTAL can be pretty little, though, beause majority of the payments will be done off-tangle, I think.
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October 22, 2015, 08:40:57 AM
 #97

Great project i will be watching this one Smiley

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October 22, 2015, 08:49:12 AM
 #98

If the network is fracture tolerant, than there is a concern that you might be validating a doublespend transaction without realizing it when creating your own transaction. This wouldn't be much of a big deal assuming only a hand full of dinguses trying to doublespend for personal profit, but what if someone(s) tries to exploit this as an attack vector against the network its self with no intention of personally profiting from the actual double-spend.

Assuming that the main part of the network has most of hashing power, only nodes on the separated part will be affected.
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October 22, 2015, 08:50:50 AM
 #99

The attacker can leave after he received the good and then issue the double spend as said in the Whitepaper. So the merchant will not see anything until the attack succeed ( if it succeed )

Tangle doesn't remove necessity to wait for enough confirmations for on-tangle payments.
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October 22, 2015, 08:53:50 AM
 #100

Looks like a contradiction at the first glance. CfB/iotatoken could you shed more light on the mining/PoW requirement?

Hiring of miners is required when it's a choice between life or death of the network. In this case you have to move away of total decentralization.
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