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Author Topic: IOTA  (Read 1471701 times)
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Apollo13
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March 15, 2016, 01:59:54 PM
 #2581

Thank you  Smiley
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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March 15, 2016, 03:27:04 PM
 #2582

There seems to be some confusion here:

Zero fees is enabled through the very structure of the network itself. You need to verify previous transactions when you yourself want to send iota txs, but it's such a negligible amount of PoW that you don't need further compensation. So IOTA is a self-sustaining ecosystem, unlike regular blockchains where you have a separate pool of people validating blocks via PoW or PoS who need to be compensated which manifests as a fee, IOTA instead spread the verification throughout the entire network of users.

So it's not like one of IOTA's unique selling points of zero fees hinges upon some abstract altruism (although as CfB points out empirical data from other projects plus evolution shows altruism is indeed also an effective enabler), instead it's an intrinsic part of the very architecture of the Tangle technology in IOTA itself.

It is not that zero fees hinge upon some abstract altruism, but rather that setting up and running nodes without financial compensation does.

If/when the technology is built into IoT device firmware the propagation of nodes is guaranteed. As far as humans are concerned it seems less likely that many (reliable) new nodes would appear on the network.

Im dont know how IOTA works but if Bitcoin's 51% attack involves an attacker having more hashrate, is there an IOTA 51% attack where the attacker has more nodes?

TL;DR: How does IOTA grow from 20 nodes to 2000 nodes?

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March 15, 2016, 04:15:52 PM
 #2583

He wasnt convinced about this IOTA "being built into the firmware" of IoT devices play, presumably since he thinks hw adoption of this kind is unlikely.

'built into the firmware' - it is in my opinion the most effective way of communication. Look at the debate were by introduction of standard of USB. It had a lot of different ideas, but won it this standard. Now there is even mousepad with USB interface  Wink
I believe that built IOTA into the firmware of IoT this is the most comfortable option and the adoption of this standard will be successful.

Just take a look into the past.
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March 15, 2016, 04:27:21 PM
 #2584

Can someone refer me to academic papers on the limitations of Rational Choice Theory for understanding complex social systems? I am trying to understand the Tragedy of the Commons and I want a more suitable model of human motivation and of social systems than a model based on aggregate individual social transactions.

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March 15, 2016, 04:35:07 PM
 #2585

Can someone refer me to academic papers on the limitations of Rational Choice Theory for understanding complex social systems? I am trying to understand the Tragedy of the Commons and I want a more suitable model of human motivation and of social systems than a model based on aggregate individual social transactions.

google

https://scholar.google.it/scholar?q=limitations+of+Rational+Choice+Theory&hl=it&as_sdt=0&as_vis=1&oi=scholart&sa=X&ved=0ahUKEwiyxYvJj8PLAhUiJHIKHYKuDc0QgQMIGzAA

http://www.jstor.org/stable/10.1086/210087?seq=1#page_scan_tab_contents
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March 15, 2016, 04:41:19 PM
 #2586

There seems to be some confusion here:

Zero fees is enabled through the very structure of the network itself. You need to verify previous transactions when you yourself want to send iota txs, but it's such a negligible amount of PoW that you don't need further compensation. So IOTA is a self-sustaining ecosystem, unlike regular blockchains where you have a separate pool of people validating blocks via PoW or PoS who need to be compensated which manifests as a fee, IOTA instead spread the verification throughout the entire network of users.

So it's not like one of IOTA's unique selling points of zero fees hinges upon some abstract altruism (although as CfB points out empirical data from other projects plus evolution shows altruism is indeed also an effective enabler), instead it's an intrinsic part of the very architecture of the Tangle technology in IOTA itself.

It is not that zero fees hinge upon some abstract altruism, but rather that setting up and running nodes without financial compensation does.

If/when the technology is built into IoT device firmware the propagation of nodes is guaranteed. As far as humans are concerned it seems less likely that many (reliable) new nodes would appear on the network.

Im dont know how IOTA works but if Bitcoin's 51% attack involves an attacker having more hashrate, is there an IOTA 51% attack where the attacker has more nodes?

TL;DR: How does IOTA grow from 20 nodes to 2000 nodes?

just because it's usefull. monetary incentives to run nodes doesn't work. it leads always into centralization, no exceptions.
just look into btc and you can see the path. people with common sense naturally tend to support usefull services because
the incentive is it's existence, serving you, giving advantages or just make some things easy for you. once understood,
a network built on this approach is way more reliable against external influence than payed models. there is no need
to claim altruism, since you benefit or not, which means it is selfregulated. i think dawkins is right on this.

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March 15, 2016, 04:42:17 PM
 #2587

On which exchanges is IOTA available atm?

Thanks in advance.  Smiley
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March 15, 2016, 04:47:08 PM
 #2588

On which exchanges is IOTA available atm?

Thanks in advance.  Smiley

Not yet on exchanges. We are in alpha testing phase, after that is beta testing and then full launch.
Rough eta for full launch is few weeks, soon after that comes exchange listings.

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March 15, 2016, 05:23:55 PM
 #2589

Lisk
https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/
Quote
Lisk aims to revolutionize decentralized application and blockchain technology. Powered by its own crypto-currency Lisk, the platform allows developers worldwide to easily deploy their own custom blockchains, and program decentralized applications on top of them, using the highly accessible programming language JavaScript.

They will provide guides and ARM templates to use Lisk for the Internet of Things, custom blockchain deployment and development of decentralized applications. We want to make this experience as easy as possible for JavaScript developers, using the Microsoft Azure cloud platform.

They getting serious about IoT to talk about it with Microsoft
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March 15, 2016, 05:27:13 PM
 #2590

Lisk
https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/
Quote
Lisk aims to revolutionize decentralized application and blockchain technology. Powered by its own crypto-currency Lisk, the platform allows developers worldwide to easily deploy their own custom blockchains, and program decentralized applications on top of them, using the highly accessible programming language JavaScript.

They will provide guides and ARM templates to use Lisk for the Internet of Things, custom blockchain deployment and development of decentralized applications. We want to make this experience as easy as possible for JavaScript developers, using the Microsoft Azure cloud platform.

They getting serious about IoT to talk about it with Microsoft

More player on IOT = more people thinking on IOT = fast grow for everyone
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March 15, 2016, 05:29:36 PM
 #2591

Lisk
https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/
Quote
Lisk aims to revolutionize decentralized application and blockchain technology. Powered by its own crypto-currency Lisk, the platform allows developers worldwide to easily deploy their own custom blockchains, and program decentralized applications on top of them, using the highly accessible programming language JavaScript.

They will provide guides and ARM templates to use Lisk for the Internet of Things, custom blockchain deployment and development of decentralized applications. We want to make this experience as easy as possible for JavaScript developers, using the Microsoft Azure cloud platform.

They getting serious about IoT to talk about it with Microsoft

More player on IOT = more people thinking on IOT = fast grow for everyone

Grow of what ?
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March 15, 2016, 05:30:32 PM
 #2592

Lisk
https://azure.microsoft.com/en-us/blog/azure-blockchain-update-6/
Quote
Lisk aims to revolutionize decentralized application and blockchain technology. Powered by its own crypto-currency Lisk, the platform allows developers worldwide to easily deploy their own custom blockchains, and program decentralized applications on top of them, using the highly accessible programming language JavaScript.

They will provide guides and ARM templates to use Lisk for the Internet of Things, custom blockchain deployment and development of decentralized applications. We want to make this experience as easy as possible for JavaScript developers, using the Microsoft Azure cloud platform.

They getting serious about IoT to talk about it with Microsoft

Seems like they are accepting any Crypto into Azure at the moment.
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March 15, 2016, 05:31:06 PM
 #2593


Grow of what ?

Ecosystem/people involved
iotatoken
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March 15, 2016, 05:39:15 PM
 #2594

Some people have contacted me with concerns re: Lisk, so I'll take a minute to just respond in general:

Lisk does indeed seem to follow in IOTA's steps on lots of things. They modelled their sale after IOTA (this I know for a fact), Max asked me for advice on how to setup Lisk as a company and how to deal with tax and legal side of it, which I gladly gave him my thoughts and advice on, they seem to have copied our vision of going for IoT, they joined ChainOfThings right after we did, now Microsoft after we did etc.

I don't really mind it as long as we're the ones taking the lead Wink

On a serious note: I support all projects that are serious and got serious plans. I have not had time to read up on Lisk to make a judgment on that, but I don't perceive Lisk as even remotely a threat to IOTA's success.

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March 15, 2016, 06:21:40 PM
 #2595

but I don't perceive Lisk as even remotely a threat to IOTA's success.

+1

(the whole Lisk/Crypti thing gets on my tits.)

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March 15, 2016, 06:47:33 PM
 #2596

IOTA has not even been released. Therefore, there is no exchange listing at the moment. But devs hinted that there have already set arrangements with exchanges to add IOTA after release.

On which exchanges is IOTA available atm?

Thanks in advance.  Smiley
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March 15, 2016, 07:08:45 PM
 #2597

IOTA has not even been released. Therefore, there is no exchange listing at the moment. But devs hinted that there have already set arrangements with exchanges to add IOTA after release.

On which exchanges is IOTA available atm?

Thanks in advance.  Smiley

which ones?
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March 15, 2016, 08:10:54 PM
 #2598

IOTA has not even been released. Therefore, there is no exchange listing at the moment. But devs hinted that there have already set arrangements with exchanges to add IOTA after release.

On which exchanges is IOTA available atm?

Thanks in advance.  Smiley

which ones?

It's a secret.
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March 15, 2016, 08:55:18 PM
 #2599

IOTA has not even been released. Therefore, there is no exchange listing at the moment. But devs hinted that there have already set arrangements with exchanges to add IOTA after release.

On which exchanges is IOTA available atm?

Thanks in advance.  Smiley

which ones?

It's a secret.

If I tell, the devs will have to hunt me down and shoot me.






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March 15, 2016, 08:56:21 PM
 #2600

If I tell, the devs will have to hunt me down and shoot me.

No, the modern trend is to set a bounty for a head.
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