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Author Topic: IOTA  (Read 1342064 times)
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P-Funk
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April 18, 2016, 12:47:18 PM
 #3581

It's official: we'll use SI system to name IOTA quantities.
And which unit will you officially recommend to markets to avoid chaos?
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April 18, 2016, 01:16:33 PM
 #3582

It's official: we'll use SI system to name IOTA quantities.
And which unit will you officially recommend to markets to avoid chaos?

The one that allow smooth and efficient trading.
For example, the minimum buy allowed on Poloniex is 0.0001 BTC
That is : 188.67924528 DOGE or 0.00495397 ETH or 0.04037679 XMR.
Exchanges will use the most practical unit according to their buy limits.
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April 18, 2016, 01:24:23 PM
 #3583

It's official: we'll use SI system to name IOTA quantities.

So great. It's of importance to step to standardization in IoT industry.

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April 18, 2016, 01:53:03 PM
 #3584

And which unit will you officially recommend to markets to avoid chaos?

1 mega-iota (1 million) as the base unit looks pretty good to me. We will have 2,779,530,283 mega-iota which is 2.7795 times of the old iota. The one mega-iota's price will be the current old iota price divided by 2.7795. For instance, if the current old iota's price is 2000 satoshi, the new one mega-iota's price is 2000/2.7795=720 satoshi.
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April 18, 2016, 02:34:14 PM
 #3585

There is a new price speculation topic with the new numbers: https://bitcointalk.org/index.php?topic=1440112.0

Follow the latest blockchain news: https://twitter.com/blockchainguide
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April 18, 2016, 02:44:40 PM
 #3586

Glad IOTA got rid of decimals!!! I just got to get familiar with big integers. Wink

BTC always looked strange from the first place with all these decimals.

you don't need to use big integers
just use this:

1 KiloIota = 1 kIota = 1 000 Iota
1 MegaIota = 1 MIota = 1 000 000 Iota
1 GigaIota = 1GIota = 1 000 000 000 Iota
1 TeraIota = 1 TIota = 1 000 000 000 000 Iota
great to know.thanks!!! Wink


 
 
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cryptoknightt
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April 18, 2016, 04:07:26 PM
 #3587

It would be nice if we could get this finalized sooner rather than later.

Once we get an official post defining the terms and units to go by the transition should be smooth from there IMO

         
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ifinta
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April 18, 2016, 04:11:34 PM
Last edit: April 19, 2016, 06:30:09 PM by ifinta
 #3588

I have a proposal:

926 510 999.073 489 max supply for IOTA (I am slightly miscalculated it yesterday...)
926 510 094.425 920 max supply for IOTA

The atomical unit is micro IOTA

The supply in micro IOTA's in ternary: 11 111 111 111 111 111 111 111 111 111 111

For m2m the unit is micro IOTA. micro IOTA's for micro transactions Smiley
For GUI, Exchanges, coinmarketcap.com, ... the unit is IOTA.

lower supply than previous => remains no problem for JavaScript, and - I think - for 32 bit micros without FPU also no problem more

Only 1 trits smaller as the proposal of developers. I think it is a small loss.
But it is comparable in trading to NXT, old IOTA i.e. So it is not so risky => better negotiable

the magical multiplicator is: 926 511

composed of THREE prime numbers multiplied together Smiley
see http://numbermatics.com/n/926511/

Please comment.

Please visit our projects on this forum: Charm, Dorothyum and Vortexledger (an open ledger for "No" Money, for barter)
rlh
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April 18, 2016, 05:00:29 PM
 #3589

I have a proposal:

926 510 999.073 489 max supply for IOTA

The atomical unit is micro IOTA

The supply in micro IOTA's in ternary: 11 111 111 111 111 111 111 111 111 111 111

For m2m the unit is micro IOTA. micro IOTA's for micro transactions Smiley
For GUI, Exchanges, coinmarketcap.com, ... the unit is IOTA.

lower supply than previous => remains no problem for JavaScript, and - I think - for 32 bit micros without FPU also no problem more

Only 1 trits smaller as the proposal of developers. I think it is a small loss.
But it is comparable in trading to NXT, old IOTA i.e. So it is not so risky => better negotiable

the magical multiplicator is: 926 511

composed of THREE prime numbers multiplied together Smiley
see http://numbermatics.com/n/926511/

Please comment.

This is probably already locked into the code (changing even 1 trits worth could require a bit of work.)  Still, at a glance this sound interesting.  Take it into the chat room (chat.iotatoken.com).

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
ifinta
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April 18, 2016, 05:02:26 PM
 #3590

I have a proposal:

926 510 999.073 489 max supply for IOTA

The atomical unit is micro IOTA

The supply in micro IOTA's in ternary: 11 111 111 111 111 111 111 111 111 111 111

For m2m the unit is micro IOTA. micro IOTA's for micro transactions Smiley
For GUI, Exchanges, coinmarketcap.com, ... the unit is IOTA.

lower supply than previous => remains no problem for JavaScript, and - I think - for 32 bit micros without FPU also no problem more

Only 1 trits smaller as the proposal of developers. I think it is a small loss.
But it is comparable in trading to NXT, old IOTA i.e. So it is not so risky => better negotiable

the magical multiplicator is: 926 511

composed of THREE prime numbers multiplied together Smiley
see http://numbermatics.com/n/926511/

Please comment.

This is probably already locked into the code (changing even 1 trits worth could require a bit of work.)  Still, at a glance this sound interesting.  Take it into the chat room (chat.iotatoken.com).

Thank You. It is under discussion already.

Please visit our projects on this forum: Charm, Dorothyum and Vortexledger (an open ledger for "No" Money, for barter)
Moneroman88
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April 18, 2016, 09:01:45 PM
 #3591

Are the project founders known to the general public?   Do you use LinkedIn or a similar service?

Thank you!
P-Funk
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April 18, 2016, 09:03:16 PM
 #3592

It would be nice if we could get this finalized sooner rather than later.

Once we get an official post defining the terms and units to go by the transition should be smooth from there IMO

Yes, if it's left up to exchanges and services (who do not expect to have to do this and also should not have to) it will not be good for the market and adoption. Simply declaring 1M or 10M atomic iotas for example as the standard human unit, and giving it a name, will be not too much work for the IOTA team and will save a lot of potential headaches. The human unit name I feel should be IOTA, since it has name recognition, and IOTA as a ticker symbol is already pushing the limits at 4 characters.
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April 18, 2016, 09:44:35 PM
 #3593

Are the project founders known to the general public?   Do you use LinkedIn or a similar service?

Thank you!

I don't use LinkedIn nor a similar service.
Josef27
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April 19, 2016, 03:46:10 AM
 #3594

I don't know how I missed the ico, but i'm definitely keeping my eye on this one.
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April 19, 2016, 05:45:52 AM
 #3595

I don't know how I missed the ico, but i'm definitely keeping my eye on this one.

You can buy IOTA with escrow before it launches here: https://bitcointalk.org/index.php?topic=1440112.0  Smiley

Follow the latest blockchain news: https://twitter.com/blockchainguide
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April 19, 2016, 12:07:59 PM
 #3596

Are the project founders known to the general public?   Do you use LinkedIn or a similar service?

Thank you!

I don't use LinkedIn nor a similar service.

Bad place LinkedIn

https://www.washingtonpost.com/news/the-switch/wp/2013/10/03/everything-we-know-about-ross-ulbricht-the-outdoorsy-libertarian-behind-silk-road/
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April 19, 2016, 12:32:45 PM
 #3597


Real business contacts are not established via sites like LinkedIn. A decade ago I made a reputation of high-load backend developer and people are still approaching me via 2-3 chain links. Literally today I've got yet another offer to join a MMOG project as a CTO despite of the fact that I haven't been working on publicly known MMOG projects for several years. LinkedIn founder monetized a dick-measuring-contest idea, good for him. If one day I decide to create a profile and get thousands contacts I'll use my photo in bikini with photoshopped boobs as the avatar.  Cheesy
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April 19, 2016, 01:36:31 PM
 #3598


Real business contacts are not established via sites like LinkedIn. A decade ago I made a reputation of high-load backend developer and people are still approaching me via 2-3 chain links. Literally today I've got yet another offer to join a MMOG project as a CTO despite of the fact that I haven't been working on publicly known MMOG projects for several years. LinkedIn founder monetized a dick-measuring-contest idea, good for him. If one day I decide to create a profile and get thousands contacts I'll use my photo in bikini with photoshopped boobs as the avatar.  Cheesy

Why wait?

You need a BCT avatar now! Wink
LemonAndFriesOne
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April 19, 2016, 03:55:53 PM
 #3599

Question: Those of us that bought IOTA on NXT AE, so we'll we receive the multiplied amount since it was increased?
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April 19, 2016, 04:52:11 PM
 #3600

Question: Those of us that bought IOTA on NXT AE, so we'll we receive the multiplied amount since it was increased?

I can't see why not, but I would ask the person you bought from as it's ultimately their decision.
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