IOTA

[hope-crypto]

Anybody who would think Iota has reached all time high already with just Bitfinex, needs to have their head checked. I'm personally hoping it drops more before other exchanges announce it so I can accumulate as much as I can.

exactly what Im thinking.
It is kind of crazy that IOTA is at almost 3 bln market cap being listed on only one exchange .... I predict once IOTA gets on major asian exchanges it'll be at ethereum lvl within a few weeks a month tops

Yes IOTA have huge potential. Also Bitfinex removed US citizens and IOTA have still this price... Chinese exchange, bittrex and so on will bring IOTA to at least 10$ in 2018 if not more...

[luicon]

Anybody who would think Iota has reached all time high already with just Bitfinex, needs to have their head checked. I'm personally hoping it drops more before other exchanges announce it so I can accumulate as much as I can.

exactly what Im thinking.
It is kind of crazy that IOTA is at almost 3 bln market cap being listed on only one exchange .... I predict once IOTA gets on major asian exchanges it'll be at ethereum lvl within a few weeks a month tops

Yes IOTA have huge potential. Also Bitfinex removed US citizens and IOTA have still this price... Chinese exchange, bittrex and so on will bring IOTA to at least 10$ in 2018 if not more...

yeah i am expecting a huge increase by 5 or 10x fold in less than 1 year,

[shade_wrath]

I doubt IOTA will boom over 2$, there are two reasons for same. One the lack of exchanges they are listed on even though they have been launched long back. Two, there are other bigger and major projects coming in and if IOTA doesn't keep up the development and improve its plan it will fall behind and investors will lose trust.

[luicon]

I doubt IOTA will boom over 2$, there are two reasons for same. One the lack of exchanges they are listed on even though they have been launched long back. Two, there are other bigger and major projects coming in and if IOTA doesn't keep up the development and improve its plan it will fall behind and investors will lose trust.

1º its going to be on a lot of exchanges,
2º reason is no sense, iota has 2 years of background and constant news on this project every month,

there is zero reason to believe such disruptive project will not keep climbing,

2$... probably you will be very lucky if you can get a miota at 2$ at the end of the year.

[Come-from-Beyond]

That guy was threatened with a lawsuit by the “IOTA Founder” @iotatoken (real name is David Sønstebø) if he would attempt to publish these truths.

That guy is notorious for finding "flaws" everywhere. Here is his characteristic I saw few days ago (I've been seeing similar characteristics every month with regard to different coins/platforms):

Anonymint is a well known Monero hater. His mathematics knowledge is a joke; just enough to be able to waste the time of Monero's PhD cryptographers. He's been coming up with imaginary vulnerabilities since 2014. They require ridiculous conditions which exist only in his head.

[Cryptian]

IOTA and its research proposal predecessor DagCoin don’t record any form of objective transaction finality (such as Byteball’s stability points) for the unsynchronized partial orders of transactions in the ledger!

Transactions include some PoW so that tips (leaves) of the DAG branches are extended with probabilistically more cumulative PoW as new descendant transactions are issued, but there is nothing forcing these unsynchronized partial orders to converge on a single-total ordering, i.e. there is no probabilistic finality of transaction confirmation. In fact, (in the absence of IOTA’s “Coordinator” centralized servers) the partial orders will have conflicting orders due to double-spends, and there is no leadership election process nor witnesses set to decide on the ordering of the conflicts.

The (load of misleading technobabble bullshit) theory of their convergence to a single total ordering based on network propagation order (which experts know can never be provably consistent for all nodes without some synchronization algorithm) and/or a model requiring centralized enforcement of the algorithms employed by the payer and payee, which is inherently insecure due to unconstrained divergence. IOTA employs centralized servers named “Coordinator” (apparently not mentioned at least in the early revisions in the whitepaper) to enforce the whitepaper’s Monte Carlo strategy on all participants. IOTA has been challenged numerous times by numerous people (including the guy who challenged the developer @Come-from-Beyond to remove their Coordinator centralized enforcement in order to prove that IOTA will function decentralized, and afaik they have never done so.

That guy was threatened with a lawsuit by the “IOTA Founder” @iotatoken (real name is David Sønstebø) if he would attempt to publish these truths.

I remember reading something about the coordinator being turned off soon, when IOTA will pass its infancy stage. When will that be? What was the issue again, a threshold of hashpower in the network?

[djamey10]

So much unfair by IOTA team, somebody who is not to much familiar with IOTA, how can she or he understand how to recover IOTA. IOTA team must do it automatically. I don't understand IOTA team.

[Come-from-Beyond]

So much unfair by IOTA team, somebody who is not to much familiar with IOTA, how can she or he understand how to recover IOTA. IOTA team must do it automatically. I don't understand IOTA team.

After the current chain of upgrades is over we are planning to create a service that will recover iotas of those who know the correct seeds.

[adamvp]

So much unfair by IOTA team, somebody who is not to much familiar with IOTA, how can she or he understand how to recover IOTA. IOTA team must do it automatically. I don't understand IOTA team.

What is wrong with IOTA?  I have bought some some days ago and I wrote down my seed....
Should I do something with ?

[Come-from-Beyond]

What is wrong with IOTA?  I have bought some some days ago and I wrote down my seed....
Should I do something with ?

Nothing is wrong. Just few guys weren't able to move iotas during an upgrade.

[iotatoken]

IOTA and its research proposal predecessor DagCoin don’t record any form of objective transaction finality (such as Byteball’s stability points) for the unsynchronized partial orders of transactions in the ledger!

When the first sentence is a utter lie... IOTA came long time before DAGCoin... ugh, you're the lamest troll ever.

[djamey10]

What is wrong with IOTA?  I have bought some some days ago and I wrote down my seed....
Should I do something with ?

Nothing is wrong. Just few guys weren't able to move iotas during an upgrade.

you are wrong. Some people may not to familiar with IOTA because it is not user friendly. I think IOTA team should make user friendly and recover all IOTA's.

[SatoNatomato]

IOTA and its research proposal predecessor DagCoin don’t record any form of objective transaction finality (such as Byteball’s stability points) for the unsynchronized partial orders of transactions in the ledger!

When the first sentence is a utter lie... IOTA came long time before DAGCoin... ugh, you're the lamest troll ever.

DagCoin: a cryptocurrency without blocks
September 11, 2015, 11:10:14 PM

vs
    
IOTA
October 21, 2015, 06:06:02 PM

I think September 11 happened before October 21 in 2015 like it did last year too and many years before that.

How is it going David, have you turned off the Coordinator? Months seem to be confusing for you, it is August now, back in June you said the Coordinator would be turned of at "end of July". This August came after July as is tradition, the centralized Coordinator is still active.

[SatoNatomato]

IOTA and its research proposal predecessor DagCoin don’t record any form of objective transaction finality (such as Byteball’s stability points) for the unsynchronized partial orders of transactions in the ledger!

Transactions include some PoW so that tips (leaves) of the DAG branches are extended with probabilistically more cumulative PoW as new descendant transactions are issued, but there is nothing forcing these unsynchronized partial orders to converge on a single-total ordering, i.e. there is no probabilistic finality of transaction confirmation. In fact, (in the absence of IOTA’s “Coordinator” centralized servers) the partial orders will have conflicting orders due to double-spends, and there is no leadership election process nor witnesses set to decide on the ordering of the conflicts.

The (load of misleading technobabble bullshit) theory of their convergence to a single total ordering based on network propagation order (which experts know can never be provably consistent for all nodes without some synchronization algorithm) and/or a model requiring centralized enforcement of the algorithms employed by the payer and payee, which is inherently insecure due to unconstrained divergence. IOTA employs centralized servers named “Coordinator” (apparently not mentioned at least in the early revisions in the whitepaper) to enforce the whitepaper’s Monte Carlo strategy on all participants. IOTA has been challenged numerous times by numerous people (including the guy who challenged the developer @Come-from-Beyond to remove their Coordinator centralized enforcement in order to prove that IOTA will function decentralized, and afaik they have never done so.

That guy was threatened with a lawsuit by the “IOTA Founder” @iotatoken (real name is David Sønstebø) if he would attempt to publish these truths.

I remember reading something about the coordinator being turned off soon, when IOTA will pass its infancy stage. When will that be? What was the issue again, a threshold of hashpower in the network?

IOTA is not secured by the hashpower, but by the centralized and single Coordinator. The hashpower people are doing now to send transactions is a waste of energy and time.

[Tobo]

What is wrong with IOTA?  I have bought some some days ago and I wrote down my seed....
Should I do something with ?

If you were not using the newest client 2.4.0 when you created your seed, you should upgrade to 2.4.0 and create a brand new seed with 2.4.0 and transafer your coins to the new seed. It is mandatory to do so. The new GUI client can help you to do this transition. The step by step guide is here -
https://matthewwinstonjohnson.gitbooks.io/iota-guide-and-faq/getting-started/guide-transition.html

If you used android wallet before,  you have to do this transition on the GUI desktop wallet. To my best knowledge, you can't do the transition on the Android wallet.

[chat]

So much unfair by IOTA team, somebody who is not to much familiar with IOTA, how can she or he understand how to recover IOTA. IOTA team must do it automatically. I don't understand IOTA team.

After the current chain of upgrades is over we are planning to create a service that will recover iotas of those who know the correct seeds.

Come from behyind, so you say that once all the upgrades are done we will be able to recover our iotas, even those who had iota stored in wallet 2.3 with old seed?
Can you please show me a link to where this announcement was made.We really need help because there are so many people having this old/new seed transition problem.
Thanks

[Touque]

So much unfair by IOTA team, somebody who is not to much familiar with IOTA, how can she or he understand how to recover IOTA. IOTA team must do it automatically. I don't understand IOTA team.

After the current chain of upgrades is over we are planning to create a service that will recover iotas of those who know the correct seeds.

Come from behyind, so you say that once all the upgrades are done we will be able to recover our iotas, even those who had iota stored in wallet 2.3 with old seed?
Can you please show me a link to where this announcement was made.We really need help because there are so many people having this old/new seed transition problem.
Thanks

I think you can look it as an announcement. He is CfB, a member in the core team.

[Come-from-Beyond]

you are wrong. Some people may not to familiar with IOTA because it is not user friendly. I think IOTA team should make user friendly and recover all IOTA's.

Every programmer knows that software can't be made completely fool-proof. So some percentage of failures is expected. A special tool to help the others will be deployed later. Still some percentage of users will fail anyway.

[Come-from-Beyond]

DagCoin: a cryptocurrency without blocks
September 11, 2015, 11:10:14 PM

vs
    
IOTA
October 21, 2015, 06:06:02 PM

I think September 11 happened before October 21 in 2015 like it did last year too and many years before that.

It's timestamps of the corresponding threads on this forum. There is a proof of IOTA being known to not so wide audience months before. Maybe a bet?

[Come-from-Beyond]

IOTA is not secured by the hashpower, but by the centralized and single Coordinator.

You probably missed this post - https://blog.iota.org/the-transparency-compendium-26aa5bb8e260