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Author Topic: IOTA  (Read 645498 times)
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Come-from-Beyond
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November 25, 2015, 04:03:38 PM
 #821

It seems that the final coin amount is settled down to 999,999,999. I wonder how many decimal points there will be after the change.

That amount was rounded. Technically there will be 1 billion without 10^-9.
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November 25, 2015, 05:06:57 PM
 #822

I am still not sure about the applications of this token, IOT is itself in a very primitive state, more like a concept. What is the long term vision on this project?
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November 25, 2015, 05:24:36 PM
 #823

I am still not sure about the applications of this token, IOT is itself in a very primitive state, more like a concept. What is the long term vision on this project?

Define "very primitive state", please.
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November 25, 2015, 05:28:49 PM
 #824

I am still not sure about the applications of this token, IOT is itself in a very primitive state, more like a concept. What is the long term vision on this project?

I don't know what the core team's long term vision is, but I was attracted to it for the primary reason of mining decentralization. IOTA finds a way to recouple POW with network participation, which has been decoupled in bitcoin and most crypto, my favorite included. As I mentioned in their crowdsale thread, I'm disappointed with their approach to primary distribution, and I fear it will cripple the prospects of this network. 

< Monero Compile Instructions >   < Track your bitcoins! > < Track them again! > < Monero NVIDIA mining instructions > < MONERODO : An operating system for your dedicated decentralized node device > <<< What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! >>> @@@@@ Simple Monero Node Installer and Monitor for Windows @@@@@
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November 25, 2015, 05:31:19 PM
 #825

I am still not sure about the applications of this token, IOT is itself in a very primitive state, more like a concept. What is the long term vision on this project?

IoT is not in a primitive state, there are already over 10 billion connected devices. Yes it's still early days, but far from just a concept. It's already a multi-multi-billion dollar industry. But precisely because we are at the cusp of this huge revolution the standards needs to be set now, hence the need for IOTA. This ecosystem needs an efficient, scalable and secure payment system.

I write more about this here: http://medium.com/@DavidSonstebo/iota-97592581f985

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November 25, 2015, 05:37:44 PM
 #826

i'll move the discussion here to keep your crowdsale thread on topic

i don't know why you went this route. Why not have a conventional POW / blockchain phase for distribution, then shift to the DAG? In this case, the blockchain would really be used as simply a record of distribution.

And give all coins to a single botnet master? Hm, not sure it's a good alternative...

true, good point. I'm not saying its an easy problem. I'm just not a fan of the chosen approach. Its centralized. And granted, I haven't kept up with these threads, but 1 month distribution phase? I guess your hoping it takes to the markets after this. And how does the infrastructure get built? I know the topology of a DAG-based currency network is different than a blockchain-based network....

sorry, just rambling.

< Monero Compile Instructions >   < Track your bitcoins! > < Track them again! > < Monero NVIDIA mining instructions > < MONERODO : An operating system for your dedicated decentralized node device > <<< What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! >>> @@@@@ Simple Monero Node Installer and Monitor for Windows @@@@@
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November 25, 2015, 06:09:57 PM
 #827


Thanks, ill have a look
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November 25, 2015, 06:32:15 PM
 #828

And how does the infrastructure get built?

Partially Iota will ride on the success of the hardware which design will be funded by Iota sale. The hardware already takes into account such things as distributed computing and cryptography, it will provide hardware acceleration for the both.
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November 26, 2015, 04:51:56 AM
 #829

Loophole-free Bell test TU Delft crowns 80-years-old debate on nature of reality: Einsteins “spooky action” is real.
http://www.tudelft.nl/en/current/latest-news/article/detail/einsteins-ongelijk-delfts-experiment-beeindigt-80-jaar-oude-discussie/

Definitely a really interesting result. Last 'loophole free' test turned out to have been analysed wrong, so expect another 6 months until consensus.  It also leave retrocausal and free will loophole open

A couple more links on the Bell test.

Quantum entanglement, loophole free  19 November 2015
http://scitation.aip.org/content/aip/magazine/physicstoday/news/10.1063/PT.5.7221

Experiment records extreme quantum weirdness  9 November 2015
http://www.quantumlah.org/highlight/151109_tsirelson_bound.php

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November 26, 2015, 04:52:52 AM
 #830

This is neat, a derivation of the Wallis product for pi (circa 1655) via quantum mechanics.

A quantum derivation of a classic math formula
http://scitation.aip.org/content/aip/magazine/physicstoday/news/10.1063/PT.5.7220

Journal of Mathematical Physics Volume 56, Issue 11
http://dx.doi.org/10.1063/1.4930800

Come-from-Beyond
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November 26, 2015, 03:28:24 PM
 #831

While the sale is progressing let's do a little brainstorming.

Iota network can be used as a carrier for any kind of data. Personally, I need a decentralized email service that won't read my letters for its product placement tricks (side-effect: NSA won't spy me). This service will be something average between classical email and classical chat, the messages will be received by me only if I keep Iota node software running. If I can't run such software I can pay to retrieve (encrypted) letters from nodes that provide storage service in exchange for iotas. I need your ideas about what types of services you need, so I could merge some of these services with mine.
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November 26, 2015, 03:48:47 PM
 #832

Personally, I need a decentralized email service that won't read my letters for its product placement tricks (side-effect: NSA won't spy me). This service will be something average between classical email and classical chat, the messages will be received by me only if I keep Iota node software running. If I can't run such software I can pay to retrieve (encrypted) letters from nodes that provide storage service in exchange for iotas.

I need this too but don't we have already a lot of encrypted mail or chat providers on the market ?
The only problem of all these software solutions is that you need the receiver to use the same software.

Today, almost no one use encryption. Kids use text messages, Facebook Messenger, WhatsApp and Snapchat.
It just means that people don't give a damn about their privacy so what about going the other way around and create more spywares and personal data extraction methods ?

Should we think about better ways of making money or ways of making a better world ?

While the sale is progressing let's do a little brainstorming.
Iota network can be used as a carrier for any kind of data.

Well the killer app would be to merge existing services AND offer a better price.

Here's my bag so you don't ask : BTC, iexec, byteball and pepecash
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November 26, 2015, 04:01:47 PM
 #833

I need this too but don't we have already a lot of encrypted mail or chat providers on the market ?

Which one satisfies the both requirements - decentralized and lightweight?
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November 26, 2015, 04:03:53 PM
 #834

from my POV it's all about nano payments, IOTA is perfect for this.
merge a client with a communication component (e.g. tox) to enable people to 'earn' money e.g.
for advices, supports, facts, translations and so on. a free android hybrid like this, including
a global micro service directory with nice categories would be great. payment could be calculated
per word, if chat advise is used or per minute/seconds for calls. every micro service entry in
the directory contains the type of service (categorized) a rating from users already used this
resource, weighted by total service usage and the word/second/minute pricing.

people like to communicate and the more if they can earn something with this. big potential to
reach the external market with high usage numbers if done right.

without my current workload i would built an app like this immediatly, success guaranteed.

Added:
i also predict that the money earning wouldn't be the main motivation to use
such a service. the fun factor, sharing knowledge and conneting to people
around the world, enveloped with a monetary symbol of appreciation (IOTAs) is it.

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November 26, 2015, 04:10:03 PM
 #835

I need this too but don't we have already a lot of encrypted mail or chat providers on the market ?
Which one satisfies the both requirements - decentralized and lightweight?

Absolutely none because, until now, real decentralization lead to fucking slow and buggy services.
Decentralized became the antonym of lightweight.
That's why I have high hope for IOTA's technology to succeed.

from my POV it's all about nano payments, IOTA is perfect for this.
merge a client with a communication component (e.g. tox) to enable people to 'earn' money e.g.
for advices, supports, facts, translations and so on. a free android hybrid like this, including
a global micro service directory with nice categories would be great. payment could be calculated
per word, if chat advise is used or per minute/seconds for calls. every micro service entry in
the directory contains the type of service (categorized) a rating from users already used this
resource, weighted by total service usage and the word/second/minute pricing.
people like to communicate and the more if they can earn something with this. big potential to
reach the external market with high usage numbers if done right.
without my current workload i would built an app like this immediatly, success guaranteed.
i also predict that the money earning wouldn't be the main motivation to use
such a service. the fun factor, sharing knowledge and conneting to people
around the world, enveloped with a monetary symbol of appreciation (IOTAs) is it.

Interesting.

Here's my bag so you don't ask : BTC, iexec, byteball and pepecash
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November 26, 2015, 04:19:19 PM
 #836

Unfortunatelly, messengers like Telegram use algorithms vulnerable to quantum computers. It means that if 3-letter agencies can't decrypt data yet, they still can store them and read later. Interfacing with existing chat programs will be impossible, it seems.

Any ideas how popular a lightweight decentralized secure chatting may be?
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November 26, 2015, 04:25:48 PM
 #837

Unfortunatelly, messengers like Telegram use algorithms vulnerable to quantum computers. It means that if 3-letter agencies can't decrypt data yet, they still can store them and read later. Interfacing with existing chat programs will be impossible, it seems.

Any ideas how popular a lightweight decentralized secure chatting may be?

quantum resistance isn't needed for a service like this. the goal here is a different one.

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November 26, 2015, 04:26:57 PM
 #838

While the sale is progressing let's do a little brainstorming.
Iota network can be used as a carrier for any kind of data. Personally, I need a decentralized email service that won't read my letters for its product placement tricks (side-effect: NSA won't spy me). This service will be something average between classical email and classical chat, the messages will be received by me only if I keep Iota node software running. If I can't run such software I can pay to retrieve (encrypted) letters from nodes that provide storage service in exchange for iotas. I need your ideas about what types of services you need, so I could merge some of these services with mine.

Vitalik mentioned a very interesting concept of the voting/predicting contents with micro-payment on the internet in this paper - https://blog.ethereum.org/2015/11/24/applications-of-security-deposits-and-prediction-markets-you-might-not-have-thought-about/

Micro-payment might enable people and business to adopt this kind prediction market business model in the real life and business world. It will be interesting to see Iota apps provide service in this kind prediction market.  
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November 26, 2015, 04:38:12 PM
 #839

quantum resistance isn't needed for a service like this. the goal here is a different one.

I disagree, if messages will be decrypted in 10 years then you can't use such service for some confidential communications.
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November 26, 2015, 04:41:25 PM
 #840

quantum resistance isn't needed for a service like this. the goal here is a different one.

I disagree, if messages will be decrypted in 10 years then you can't use such service for some confidential communications.

Same here, if you don't want a message to be decrypted by someone else now, why would you take the risk that someone decrypt it in 1, 2, 5 or 10 years ?

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