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Author Topic: IOTA  (Read 1321728 times)
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mthcl
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November 17, 2015, 03:49:42 PM
 #681


Thx, Could you link your academic background please?

https://scholar.google.com/citations?hl=en&user=z62rjg0AAAAJ&view_op=list_works&sortby=pubdate
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Come-from-Beyond
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November 17, 2015, 04:20:27 PM
 #682

I am not sold on the idea that yet another coin (token ATM) needs to be created in order to solve the only serious issue I see with current solutions.

What is this issue? (We see more than one, btw.)
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November 17, 2015, 06:19:52 PM
 #683

Come-from-Beyond, I have a question regarding transactions per second. Dan Hughes brought up 2000 per second for eMunie (going live Q1 next year). You have had some discussions with him. Will IOTA be able to compete with this number?

Many thanks in advance Sir!

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November 17, 2015, 06:31:00 PM
 #684

Come-from-Beyond, I have a question regarding transactions per second. Dan Hughes brought up 2000 per second for eMunie (going live Q1 next year). You have had some discussions with him. Will IOTA be able to compete with this number?

Many thanks in advance Sir!

It's hard to compare Iota and eMunie TPS because of different processing principle. Iota provides only payment, without other features of eMunie, it's like comparing apples to oranges.
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November 17, 2015, 08:13:39 PM
 #685

In Iota, if I am correct, most of the nodes will be light nodes and not store the full copies of the ledger. I wonder which nodes will store the full copies of the ledger.
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November 17, 2015, 08:58:02 PM
 #686

In Iota, if I am correct, most of the nodes will be light nodes and not store the full copies of the ledger. I wonder which nodes will store the full copies of the ledger.

Nodes will store the full copy at some moment in the past, depending on TPS that moment will move further from or closer to the present.
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November 17, 2015, 09:08:49 PM
 #687

Is tangle pruning planned, or is bloat not a concern?
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November 17, 2015, 09:12:45 PM
 #688

Is tangle pruning planned, or is bloat not a concern?

Pruning should be considered after we see how popular oracling function will be.
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November 17, 2015, 09:41:28 PM
 #689

Is tangle pruning planned, or is bloat not a concern?

Pruning should be considered after we see how popular oracling function will be.

What does oracling function do? I can't remember that you wrote about it.
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November 18, 2015, 12:21:20 AM
 #690


Thx for the link, good to see someone with credentials thats not hiding behind a anon wall and it got me watching Markov chains video's. Lol

I am not sold on the idea that yet another coin (token ATM) needs to be created in order to solve the only serious issue I see with current solutions.

What is this issue? (We see more than one, btw.)

That is what I asked the OP to provide in bullet points and why this solves those issues. I want to know why creating an entire infrastructure to solve these varied issues is preferable to correcting them in existing projects. Adding those points to the op would not be the worst idea I can think of either.

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November 18, 2015, 01:07:35 AM
 #691


It is nice to put a face to the name. I thought that you would be older  Cheesy
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November 18, 2015, 01:16:33 AM
 #692



That is what I asked the OP to provide in bullet points and why this solves those issues. I want to know why creating an entire infrastructure to solve these varied issues is preferable to correcting them in existing projects. Adding those points to the op would not be the worst idea I can think of either.

Good idea. This is what I tried to explore more in the 'summary' post over at Medium, though I kept it at a technical minimum to make it as layman friendly as possible.

Now some of the issues that the Tangle solves cannot be replicated by a blockchain, so I guess you are asking why we aren't instead trying to incorporate a Tangle in an existing project. The reason is quite simple: it's LITERALLY impossible. Just look at how infinitely slow Bitcoin progresses and how everyone gets a heartattack at the mere notion of making some changes to it. The rest of the technological world will not stop and wait for Bitcoin to catch up. IoT wont, Quantum Computers wont and the economy wont. So we started anew. Another motivation for this choice is simply that we don't believe in these omnisolutions. It's impossible to create the perfect key that opens all doors, there are ALWAYS flexibility trade-offs for adding features.

IOTA is meant to be purely a transactive token in real time, so it makes sense to create this 'pure token' that solves a problem, solves it really well and solves it NOW, not in a hypothetical ~5+ years down the line perspective.


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November 18, 2015, 01:42:18 AM
 #693

Is tangle pruning planned, or is bloat not a concern?

Pruning should be considered after we see how popular oracling function will be.

What does oracling function do? I can't remember that you wrote about it.

In essence it means that IOTA can act as an oracle for other platforms, meaning it can provide data that smart contracts in Rootstock or Ethereum can act upon.

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November 18, 2015, 01:52:14 AM
 #694


Great credentials! Does mthcl mean Math Call? Grin
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November 18, 2015, 01:57:43 AM
 #695

In essence it means that IOTA can act as an oracle for other platforms, meaning it can provide data that smart contracts in Rootstock or Ethereum can act upon.

Why is that? I meant what makes Iota so reliable and special for other systems to treat its data as facts.
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November 18, 2015, 02:08:23 AM
 #696

In essence it means that IOTA can act as an oracle for other platforms, meaning it can provide data that smart contracts in Rootstock or Ethereum can act upon.

Why is that? I meant what makes Iota so reliable and special for other systems to treat its data as facts.

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

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November 18, 2015, 02:23:53 AM
 #697

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
 #698

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
 #699

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
 #700

I'm old, 43 already...    Smiley
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