IOTA

[50cent_rapper]

How fast will transcation become if iota network becomes as big as bitcoin?

~ 2 seconds. Faster is not possible due to latency of network.

[GeSh]

You'll be hard pressed to find any payment service that processes in less than 5 seconds. Bitcoin completely annihilates the traditional payment processors (the large credit cards, banks, etc.) in terms of settlement time. IOTA will be a few orders of magnitude improvement on even BTC.

[luey]

just have patients guys , IOTA is kicking ass already with the tech

but one thing is for sure we need even more patients since total of IOTAS are 2,779,530,283,277,761   and the market needs to be huge

These numbers are relative to the price, if exchanges list iota by Miota then you could say the supply is 2,779,530,283,277,761 / 1,000,000(1Miota) = 2,779,530,283 Miota
Then it does not look too bad.

No one is selling iota priced at 1 iota, because iota does not have decimals (something to do with computer codes that calculate without decimals more efficient), the iota team makes the number as big as it can to make it plausible for all the machines to operate on.

If you think of Bitcoin satoshis, there is a big supply as well. But no one is selling/trading things priced in 1 satoshi.
100,000,000 satoshi = 1 bitcoin is like saying 100,000,000 iotas = 100Miota.

Since there will be 21,000,000 bitcoins, that is 21,000,000 x 100,000,000 = 2,100,000,000,000,000 satoshis vs 2,779,530,283,277,761 iotas
Now that does not look too different!

[zanzibar]

just have patients guys , IOTA is kicking ass already with the tech

but one thing is for sure we need even more patients since total of IOTAS are 2,779,530,283,277,761   and the market needs to be huge

These numbers are relative to the price, if exchanges list iota by Miota then you could say the supply is 2,779,530,283,277,761 / 1,000,000(1Miota) = 2,779,530,283 Miota
Then it does not look too bad.

No one is selling iota priced at 1 iota, because iota does not have decimals (something to do with computer codes that calculate without decimals more efficient), the iota team makes the number as big as it can to make it plausible for all the machines to operate on.

If you think of Bitcoin satoshis, there is a big supply as well. But no one is selling/trading things priced in 1 satoshi.
100,000,000 satoshi = 1 bitcoin is like saying 100,000,000 iotas = 100Miota.

Since there will be 21,000,000 bitcoins, that is 21,000,000 x 100,000,000 = 2,100,000,000,000,000 satoshis vs 2,779,530,283,277,761 iotas
Now that does not look too different!

It's also difficult for people to think in denominations less than Bitcoin, it's always "1BTC, .1BTC, .01BTC. With Iota you don't have decimals or issues with denomination as price increases. It's more simplistic for the M2M economy.

[John_Paul]

Comparing iota to satoshi, there are 2.1x10^15 satoshi for Bitcoin and there are 2.78x10^15 iota for IOTA. Iota is not divisible like satoshi.

[Voidcrafter]

Comparing iota to satoshi, there are 2.1x10^15 satoshi for Bitcoin and there are 2.78x10^15 iota for IOTA. Iota is not divisible like satoshi.

Satoshis can not be divided either

[John_Paul]

Comparing iota to satoshi, there are 2.1x10^15 satoshi for Bitcoin and there are 2.78x10^15 iota for IOTA. Iota is not divisible like satoshi.

Satoshis can not be divided either

That is what I meant. They are comparable.

[Voidcrafter]

Comparing iota to satoshi, there are 2.1x10^15 satoshi for Bitcoin and there are 2.78x10^15 iota for IOTA. Iota is not divisible like satoshi.

Satoshis can not be divided either

That is what I meant. They are comparable.

Ah ok , sorry

[jubalix]

whats the dif between iota and byteball?

[cebb]

whats the dif between iota and byteball?

Same as Ethereum vs XCP

[vlechogo]

whats the dif between iota and byteball?

iota does not have fees and when a new transaction arrives it must approve two previous transactions.
There are many more differences but I think that's the major one. Im not sure how byteball system about witnesses work but it still has transaction fees. In iota the need for miners is eliminated and users do the proof of work themselfs

[Ha5hedout]

whats the dif between iota and byteball?

iota does not have fees and when a new transaction arrives it must approve two previous transactions.
There are many more differences but I think that's the major one. Im not sure how byteball system about witnesses work but it still has transaction fees. In iota the need for miners is eliminated and users do the proof of work themselfs

http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/

[Tangleblog.com]

whats the dif between iota and byteball?

iota does not have fees and when a new transaction arrives it must approve two previous transactions.
There are many more differences but I think that's the major one. Im not sure how byteball system about witnesses work but it still has transaction fees. In iota the need for miners is eliminated and users do the proof of work themselfs

http://www.tangleblog.com/2017/01/03/byteball-vs-iota-token/

That comparison is kinda incomplete though, I should update it.


unrelated: BTW, I made a video.

https://www.youtube.com/watch?v=cM_XhH6N2zc

[farl4web]

There are still 3 accounts who have not redeemed their IOTA's via my GIOTA Nxt asset. Please send me the assets, so you get the IOTA which belongs to you.

https://nxtforum.org/asset-exchange-general/(ann)-giota-iota-backed-asset/msg231285/#msg231285

[luey]

There are still 3 accounts who have not redeemed their IOTA's via my GIOTA Nxt asset. Please send me the assets, so you get the IOTA which belongs to you.

https://nxtforum.org/asset-exchange-general/(ann)-giota-iota-backed-asset/msg231285/#msg231285

Japanese

私のGIOTA Nxtアセットを通じてIOTAを償還していない3つの口座がまだあります。 私に資産を送ってください、あなたはあなたに属するIOTAを手に入れます。

German

Es gibt noch 3 Konten, die ihre IOTA nicht über meine GIOTA Nxt Asset erlöst haben. Bitte senden Sie mir die Vermögenswerte, so erhalten Sie die IOTA, die Ihnen gehört.

Spanish

Todavía hay 3 cuentas que no han canjeado su IOTA a través de mi activo GIOTA Nxt. Por favor, envíenme los activos, para que obtengan la IOTA que les pertenece.

Chinese

仍有3个帐户尚未通过我的GIOTA Nxt资产赎回其IOTA。 请给我资产，所以你得到属于你的IOTA。

https://translate.google.com.au/

[chat]

Hi can anybody tell me on which exchanges are we likely to see iota being listed on first and when is it going to happen.
Thanks

[yassin54]

Hi can anybody tell me on which exchanges are we likely to see iota being listed on first and when is it going to happen.
Thanks

#Soon!!  

[ImI]

Hi can anybody tell me on which exchanges are we likely to see iota being listed on first and when is it going to happen.
Thanks

Exchanges will most likely be the big ones. Just a guess: Kraken, Polo, maybe Bitfinex.

Exchange date: Folks are working on optimizing the underlying tech at the moment. That could last a while. Again just a wild guess: 2-3 months from now.

[zanzibar]

Hi can anybody tell me on which exchanges are we likely to see iota being listed on first and when is it going to happen.
Thanks

Exchanges will most likely be the big ones. Just a guess: Kraken, Polo, maybe Bitfinex.

Exchange date: Folks are working on optimizing the underlying tech at the moment. That could last a while. Again just a wild guess: 2-3 months from now.

I would be surprised if we are not on exchanges by this month.

[yassin54]

Hi can anybody tell me on which exchanges are we likely to see iota being listed on first and when is it going to happen.
Thanks

Exchanges will most likely be the big ones. Just a guess: Kraken, Polo, maybe Bitfinex.

Exchange date: Folks are working on optimizing the underlying tech at the moment. That could last a while. Again just a wild guess: 2-3 months from now.

I would be surprised if we are not on exchanges by this month.

maybe exchange after spnashot, or maybe when coordinator is Off!!
i predict min 2 or 3 month, or 3 years!!