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Prova123
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June 18, 2017, 05:09:29 PM |
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OK I understand
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luicon
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June 18, 2017, 05:31:52 PM |
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bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
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LitcoinCollector
Legendary
 Offline
Activity: 1092
Merit: 1000
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June 18, 2017, 05:52:29 PM |
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bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
You clearly haven't got a clue, move on please. |
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vlechogo
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June 18, 2017, 06:10:34 PM |
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It's funny when I play around testing the speed of transcations sending iota to my own wallet, I later check my balance assuming it's lower because of fees, but then I remember there are no transaction fees.  |
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Prova123
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June 18, 2017, 06:18:47 PM |
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bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
Definitely interesting. So you have by math a reply to what it'd be a right price... well I see people that bought during ICO time and now they're selling all. By their opinion iota is overvalued. If not why there is a sell offer in a bid list on bitfinex? On my own I don't understand a good value for iota. My doubt is: if iota is for small transaction well iota has to be at a low price. It's the power of logic but not for an exchange mind oriented. |
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smartwart
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June 18, 2017, 06:43:46 PM |
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bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
You missed the fact that IOTA is launched for almost 2years. You know about something now don't means that it exist since yet. There was a time when IOTA was really cheap... Definitely interesting. So you have by math a reply to what it'd be a right price... well I see people that bought during ICO time and now they're selling all. By their opinion iota is overvalued. If not why there is a sell offer in a bid list on bitfinex?
On my own I don't understand a good value for iota. My doubt is: if iota is for small transaction well iota has to be at a low price. It's the power of logic but not for an exchange mind oriented.
How can you see someone has bought during ico and selling all now? And having ask and bid orders is called a "market" - ever heard about it? I agree with you that you don't understand IOTA. Here is link that may help you out: http://www.iotasupport.com/One IOTA for a valued transaction cost around 0.0000004 usd - this is not a low price in your mind? Seems the power of logic is not with you ... |
NxT: 13574045486980287597
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luicon
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June 18, 2017, 06:47:46 PM |
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bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
You clearly haven't got a clue, move on please. whats wrong on the calc ? 0.01$/ mIOTA is pretty high value for a coin thats on beta, its like bitcoin at 1$ when it was launched, its not even a low price 0.01$/mIOTA any way, considering bitcoin value proyection is of 100 000$ to 1 million each bitcoin, 2600$ is cheap, so also is iota having 65 times lower price, however what i said was considering its still something just launched and in beta test, maybe in 2 years 0.40$ / mIOTA would be a dirty cheap dreamed price |
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luicon
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June 18, 2017, 06:50:06 PM |
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You missed the fact that IOTA is launched for almost 2years.
You know about something now don't means that it exist since yet.
There was a time when IOTA was really cheap...
well, yes, but was not possible to buy them easily over an exchanger, bitcoin hit exchangers having 1-2$ price or less, not at 40$ |
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housebtc
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June 18, 2017, 06:55:37 PM |
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I came across this project when I received newsletter from Bittrex that it will be listed on their exchange, I can see this is not an ICO project, I will like to ask how the huge number of tokens in circulation was distributed, is it by Airdrop or mining?
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smartwart
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June 18, 2017, 07:00:31 PM |
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You missed the fact that IOTA is launched for almost 2years.
You know about something now don't means that it exist since yet.
There was a time when IOTA was really cheap...
well, yes, but was not possible to buy them easily over an exchanger, bitcoin hit exchangers having 1-2$ price or less, not at 40$ Oh, it was! http://iotaprice.com/Your math is not wrong, but you cant compare IOTA with Bitcoin. Bitcoin was the pioneer tech at a time where nothing else existed as a vision and a small network. These days all crypto tech is walking on roads already build. So current markets and infrastructure is not comparable with early 2008/2009 days... |
NxT: 13574045486980287597
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smartwart
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June 18, 2017, 07:06:41 PM |
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I came across this project when I received newsletter from Bittrex that it will be listed on their exchange, I can see this is not an ICO project, I will like to ask how the huge number of tokens in circulation was distributed, is it by Airdrop or mining?
There was a crowd sale were all token has been sold. No (pre)mining just one sale. Also the devs had to buy together with all participants in same crowd-sale. more here: http://www.iotasupport.com/
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NxT: 13574045486980287597
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LitcoinCollector
Legendary
Offline
Activity: 1092
Merit: 1000
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June 18, 2017, 07:07:45 PM |
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bitcoin / iota total supply:
2,100,000,000,000,000 satoshis
2,700 000 000 000 000 iotas
right now
1 000 000 - iotas is 0.40 $
1 000 000 - satoshis is 26$
is that correct ?
bitcoin price is 65 times higher than iota, (26/0.40)
Iota price is like having 1 bitcoin at 40$ when it was launched, (2600/65)
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
You clearly haven't got a clue, move on please. whats wrong on the calc ? 0.01$/ mIOTA is pretty high value for a coin thats on beta, its like bitcoin at 1$ when it was launched, its not even a low price 0.01$/mIOTA any way, considering bitcoin value proyection is of 100 000$ to 1 million each bitcoin, 2600$ is cheap, so also is iota having 65 times lower price, however what i said was considering its still something just launched and in beta test, maybe in 2 years 0.40$ / mIOTA would be a dirty cheap dreamed price Please stop wasting everybodies time. You missed out, just buy in or move on. |
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Prova123
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June 18, 2017, 07:17:59 PM |
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...
pretty expensive iota right now, isn't it?
price should be at least 40 times lower
around 0.01$ / mIOTA
Definitely interesting. So you have by math a reply to what it'd be a right price... well I see people that bought during ICO time and now they're selling all. By their opinion iota is overvalued. If not why there is a sell offer in a bid list on bitfinex?
On my own I don't understand a good value for iota. My doubt is: if iota is for small transaction well iota has to be at a low price. It's the power of logic but not for an exchange mind oriented.
How can you see someone has bought during ico and selling all now? And having ask and bid orders is called a "market" - ever heard about it? I agree with you that you don't understand IOTA. Here is link that may help you out: http://www.iotasupport.com/One IOTA for a valued transaction cost around 0.0000004 usd - this is not a low price in your mind? Seems the power of logic is not with you ... Market is stupid and stupid is everyone has a great faith on it, my son... I know people that 2 years ago bought your coins and now they are selling on bitfinex, sorry. And they are NOT young people... they're businessmen only (the gods of the market, they're the market hidden hands).... sorry, but the truth is bitter, always in our life... About the power of logic, a coin taylored for small trasaction, for the power of logic, has NOT to be charged by fees, and I know before bitfinex there're a good fee business. God bless you guys... About the value I agree with the math of luicon sorry but it's my own opinion. I hope you become rich by iota. Personally I can't... |
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CryptoEnthusiast64
Member
Offline
Activity: 78
Merit: 10
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June 18, 2017, 08:24:32 PM |
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What is the max transactions per second can IOTA handle? Ripple can do 1,000 per second which is the record right now, can IOTA do better?
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luicon
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June 18, 2017, 08:31:06 PM |
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I came across this project when I received newsletter from Bittrex that it will be listed on their exchange, I can see this is not an ICO project, I will like to ask how the huge number of tokens in circulation was distributed, is it by Airdrop or mining?
they said when it will be listed? or when did they send the newsletter? |
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luicon
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June 18, 2017, 08:53:03 PM |
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One IOTA for a valued transaction cost around 0.0000004 usd - this is not a low price in your mind?
Seems the power of logic is not with you ...
so what? one satoshi is at 0.000026$ over that logic, bitcoin price is also pretty low, isn't it? just 0.000026$ for each satoshi, 0.000026$/0,0000004$ = 65 times. any coin would love to be 65 times lower than bitcoin, |
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riceberry
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June 18, 2017, 09:00:14 PM |
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What is the max transactions per second can IOTA handle? Ripple can do 1,000 per second which is the record right now, can IOTA do better?
Yes IOTA can do much better. |
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Prova123
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June 18, 2017, 09:05:21 PM |
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What is the max transactions per second can IOTA handle? Ripple can do 1,000 per second which is the record right now, can IOTA do better?
Yes IOTA can do much better. Disclaimer: I don’t want people to necessarily refrain from using IOTA at this point, since the prospect of this technology actually delivering on its promises is still intriguing. The only way we will be able to discover whether it works safely or not is by having many users and devices use the network. However, these users need to know that the value they invest in IOTA at this point is entirely placed with the goodwill of the Foundation. |
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Come-from-Beyond (OP)
Legendary
Offline
Activity: 2142
Merit: 1010
Newbie
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June 18, 2017, 10:02:00 PM |
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However, these users need to know that the value they invest in IOTA at this point is entirely placed with the goodwill of the Foundation.
Why? |
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CryptoEnthusiast64
Member
Offline
Activity: 78
Merit: 10
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June 18, 2017, 10:13:29 PM |
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Again I ask, exactly how many transactions can IOTA handle at max capacity?
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