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Author Topic: IOTA  (Read 1473129 times)
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clixcoin
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June 14, 2017, 10:23:30 AM
 #9021

$50B cap in the end of the year is possible with IOTA.

Much hard to say anything about that but in current scenario everything is possible how like these projects are growing this year now everyone is crazy about these. I hope so we will see much solid growth when it will get matured.
Prova123
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June 14, 2017, 10:37:54 AM
 #9022

Is there a reward for installing a node, full node, or something similar? I have no IOT and Bitfinex is out of my limit.
Eildosa
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June 14, 2017, 11:01:44 AM
 #9023

If I understood correctly the display is bugged on bitfinex?

We are not buying IOTA but MIOTA (M for Mega = 1 000 000) ?

achimsmile
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June 14, 2017, 11:03:57 AM
 #9024

If I understood correctly the display is bugged on bitfinex?

We are not buying IOTA but MIOTA (M for Mega = 1 000 000) ?

I partly agree, maybe they could label it better, but:

Bitfinex Orderbook: "Amount (Mi)"

Bitfinex "About IOTA" link:
"To make more reasonable trading prices, all IOTA trading on Bitfinex is in units of Mi (MegaIota) - one million IOTA."
Eildosa
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June 14, 2017, 11:11:07 AM
 #9025

If I understood correctly the display is bugged on bitfinex?

We are not buying IOTA but MIOTA (M for Mega = 1 000 000) ?

I partly agree, maybe they could label it better, but:

Bitfinex Orderbook: "Amount (Mi)"

Bitfinex "About IOTA" link:
"To make more reasonable trading prices, all IOTA trading on Bitfinex is in units of Mi (MegaIota) - one million IOTA."

I don't see that (Mi) anywhere
https://ibb.co/f0ARF5

achimsmile
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June 14, 2017, 11:13:14 AM
 #9026

If I understood correctly the display is bugged on bitfinex?

We are not buying IOTA but MIOTA (M for Mega = 1 000 000) ?

I partly agree, maybe they could label it better, but:

Bitfinex Orderbook: "Amount (Mi)"

Bitfinex "About IOTA" link:
"To make more reasonable trading prices, all IOTA trading on Bitfinex is in units of Mi (MegaIota) - one million IOTA."

I don't see that (Mi) anywhere
https://ibb.co/f0ARF5

below your bottom red circle
Eildosa
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June 14, 2017, 11:14:02 AM
 #9027

If I understood correctly the display is bugged on bitfinex?

We are not buying IOTA but MIOTA (M for Mega = 1 000 000) ?

I partly agree, maybe they could label it better, but:

Bitfinex Orderbook: "Amount (Mi)"

Bitfinex "About IOTA" link:
"To make more reasonable trading prices, all IOTA trading on Bitfinex is in units of Mi (MegaIota) - one million IOTA."

I don't see that (Mi) anywhere
https://ibb.co/f0ARF5

below your bottom red circle

Ooooh  Shocked

Right xD, sorry

HIPERATIVO
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June 14, 2017, 11:37:28 AM
 #9028

Its official My iotas have been almost 24 hours processing the withdraw on bitfinex, anyone care to explain why so long ?
jubalix
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June 14, 2017, 11:48:01 AM
 #9029

Can you answer this (quoting myself from another post):

Iota introduces an interesting new concept in the crypto scenario: the directed acyclic graph, or DAG. Basically it's an evolution of the usual blockchain, requiring no fees and without scaling issues.

Nevertheless, after having a quick look at the white paper I still don't understand how the nodes will keep working continuously. In the "tangle" there are no miners, the beloved greedy workers of the Bitcoin blockchain. Instead, here to perform a transaction, you should verify other transactions first. In the white paper (http://iotatoken.com/IOTA_Whitepaper.pdf) they say:

Quote
what motivates the nodes to propagate transactions? In fact, in our setup the nodes do not have motivation
not to propagate. Every node calculates some statistics, one of which is how many
new transactions are received from a neighbor. If one particular node is “too lazy”, it
will be dropped by its neighbors. So, even if a node does not issue transactions (and
hence has no direct incentive to share new transactions that approve its own one), it
still has incentive to work hard.

I'm not convinced by this statement. In fact, let's say that  I'm a node and I don't want to be excluded by other nodes (and even on this I would like to understand what it means to be excluded. If you start again working hard can you be re-admitted? I could work only if I need to do transactions).
If my fellow nodes work x, I could work 0.99 x to not get excluded and minimize my work. But this reasoning can be applied to every node, since electricity has a cost, so everyone one will lower its effort, resulting in a system that perform poorly.


yes wondering this also what is the incentive basis for the nodes to operate? I guess if they want to use their iota for something then they must have a node.....will this lead to sort of a centralized holder of iota on behalf of people that can't be bothered running a node with sufficient up time

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
John_Paul
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June 14, 2017, 12:05:23 PM
 #9030

https://amp.ibtimes.co.uk/iotas-tangle-meets-internet-things-requirements-better-any-blockchain-1626218

"It's not surprising that Internet of Things (IoT) transactional settlement and data transfer layer IOTA is a co-founding partner of IoT consortium the Trusted Internet of Things Alliance.

As well as other blockchain IoT specialists like Filament and Chronicled, the new consortium features heavyweight industry players such as Bosch and Cisco."
konamist
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June 14, 2017, 12:07:50 PM
 #9031

instantly top 6 in marketcap, this is insane, I don't think it will stay at the current price for long.

Koloko
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June 14, 2017, 12:09:49 PM
 #9032

It will go higher.
entropond
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June 14, 2017, 12:40:16 PM
 #9033

I signed up specifically out of interest in IOTA. Been involved in Bitcoin since 2011.  Feel like this is the most disruptive token getting exposure right now. Can easily see it at #2 position by end of year.  The technology is a game changer and their progress is excellent.
IOTUSA
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June 14, 2017, 12:52:38 PM
 #9034

Well, too bad I sold all my IOTA in the last 6 months before the Exchange intro. Congratulations to the holders.

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June 14, 2017, 12:53:42 PM
 #9035

I signed up specifically out of interest in IOTA. Been involved in Bitcoin since 2011.  Feel like this is the most disruptive token getting exposure right now. Can easily see it at #2 position by end of year.  The technology is a game changer and their progress is excellent.

50:50 on that but yes I feel the same.  Hope we are right here.

I think Bitcoin will loose traction and move Position 4-5 ,  ETH will stay No1 for some time  and after that IOTA has a good chance.


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ParkerMTSMLJ
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June 14, 2017, 01:18:50 PM
 #9036

For those of you who have not yet seen it:
https://youtu.be/LyVLq13WfsE
Sunrise2000
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June 14, 2017, 01:19:41 PM
 #9037

when we can buy IOTA in others exchanges?
ngin-x
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June 14, 2017, 01:29:03 PM
 #9038

I love the tech behind IOTA and will probably pick up a bunch of coins but not at this price. First day on the exchange and straight to 6th position on market cap ladder? WTF? The whales must be stocking up like there's no tomorrow. There are way too many coins in supply for this shit to be valued at over half a dollar right now.

I signed up specifically out of interest in IOTA. Been involved in Bitcoin since 2011.  Feel like this is the most disruptive token getting exposure right now. Can easily see it at #2 position by end of year.  The technology is a game changer and their progress is excellent.

50:50 on that but yes I feel the same.  Hope we are right here.

I think Bitcoin will loose traction and move Position 4-5 ,  ETH will stay No1 for some time  and after that IOTA has a good chance.

Just look at the number of dapps being launched on Ethereum platform every week. Not long to go before it takes the crown from BTC. It will take an earth shattering event right now to stop the Ethereum juggernaut.

Having said that, I don't think Bitcoin will go below No.2 position within the next few years since there is no other competitor is sight. I am bullish on Ripple but it has still some way to go before it catches up with Bitcoin.
zainblaze
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June 14, 2017, 01:40:32 PM
 #9039

I love the tech behind IOTA and will probably pick up a bunch of coins but not at this price. First day on the exchange and straight to 6th position on market cap ladder? WTF? The whales must be stocking up like there's no tomorrow. There are way too many coins in supply for this shit to be valued at over half a dollar right now.

I signed up specifically out of interest in IOTA. Been involved in Bitcoin since 2011.  Feel like this is the most disruptive token getting exposure right now. Can easily see it at #2 position by end of year.  The technology is a game changer and their progress is excellent.

50:50 on that but yes I feel the same.  Hope we are right here.

I think Bitcoin will loose traction and move Position 4-5 ,  ETH will stay No1 for some time  and after that IOTA has a good chance.

Just look at the number of dapps being launched on Ethereum platform every week. Not long to go before it takes the crown from BTC. It will take an earth shattering event right now to stop the Ethereum juggernaut.

Having said that, I don't think Bitcoin will go below No.2 position within the next few years since there is no other competitor is sight. I am bullish on Ripple but it has still some way to go before it catches up with Bitcoin.
you are completely missing the point of iota
Watanabe1505
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June 14, 2017, 02:11:31 PM
 #9040

I predict Rank of cryptocurrency in 2018 as below:
#1 ETH
#2 IOTA
#3 BTC
#4 XRP
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