IOTA

[FlipWilson]

Pack of thieves.

There is nothing backing your words, I am right?

For a self proclaimed smart individual, your missing the point. You guys haven’t given anyone their money back. The money you took from our seeds

https://thetangle.org/transaction/JPPAYTLBXSQILYSCIHMZVUVBDOZWSWNSUDENXZIHDIOXFDO9XIUTHISOGBZDIDNWOYCCVGGQLRDWZ9999

Backing enough

[1714051955]

1714051955

[1714051955]

1714051955

[1714051955]

1714051955

[Come-from-Beyond]

For a self proclaimed smart individual, your missing the point. You guys haven’t given anyone their money back. The money you took from our seeds

https://thetangle.org/transaction/JPPAYTLBXSQILYSCIHMZVUVBDOZWSWNSUDENXZIHDIOXFDO9XIUTHISOGBZDIDNWOYCCVGGQLRDWZ9999

Backing enough

If you are right then there is no reasons for you to expect to get the iotas back. Accept the harsh reality and move on.

[Fragbait]

If multiple people have reclaimed the same seed, how do they even contact those people?

What if someone has reclaimed my seed and they manage to contact that person and that person provides KYC info because it would happen to be a good amount of money for them and worth the risk?

[Jacky_Chan]

If multiple people have reclaimed the same seed, how do they even contact those people?

What if someone has reclaimed my seed and they manage to contact that person and that person provides KYC info because it would happen to be a good amount of money for them and worth the risk?

I don’t think they will take the risk. Their IDs are priceless for them.

[ampg]

I note the release of yet another new wallet - and still no word of any form of help from anyone from the dev team who decided to "appropriate" IOTA in the form of a snapshot.

For all the FanBoi's here who are screaming support of this - wait until your IOTA dissapear in the next snapshot and see how great you feel about IOTA then.

Can you just imagine if you replace IOTA with Bitcoin, or Ethereum and the official story was that the Devs did a snapshot - They have your Bitcoin/Ethereum - and there is seemingly no way of getting them back - despite following what crappy instructions are put out.

When do you plan to return the account you stole? pginvest is not your account!!

[vitocorp]

"During an attack on the IOTA network in October, some funds were found to be at risk of theft, due to users re-using their private keys. The IOTA team took the decision to protect IOTA token holders by taking those funds which were at risk into temporary custody through a snapshot.

Once the attack was stopped, the team worked on setting up a process for reclaiming the funds, and sending them back to the rightful owners. This process of receiving and validating the claims has been understandably complicated and sensitive — especially when taking into account the immutability of the IOTA distributed ledger. This effort has required the full attention of the entire core and legal teams of IOTA over the last few weeks. "

Seen at: https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a

[Come-from-Beyond]

"During an attack on the IOTA network in October, some funds were found to be at risk of theft, due to users re-using their private keys. The IOTA team took the decision to protect IOTA token holders by taking those funds which were at risk into temporary custody through a snapshot.

Once the attack was stopped, the team worked on setting up a process for reclaiming the funds, and sending them back to the rightful owners. This process of receiving and validating the claims has been understandably complicated and sensitive — especially when taking into account the immutability of the IOTA distributed ledger. This effort has required the full attention of the entire core and legal teams of IOTA over the last few weeks. "

Seen at: https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a

So FlipWilson was just spreading FUD. I'll ban him then.

[mariuschirita]

Hi guys,

I am having some problems with Binance :  " network congestion, withdrawal suspend "
Wondering if we can get an official answer about this and when it is going to be fixed.

And one more question - in theory, for tangle technology, more users means faster transactions - then why is the network getting congested ?

Thanks

[bubblebullet]

Can Iota get listed on Cryptopia please? It's the only exchange I use because they don't require ID scans. It's easy to get listed, just click on "services/Paytopia" on the upper right of the page. It says listings cost 100,000 DOT, about $1400 currently. Subject to developer review, but Iota has a good name as far as I know so pretty much they pay they're listed. A little known coin called Skycoin recently got on there while their applications are still on file at the other exchanges. It's also a new concept in blockchain, so fairly similar to Iota. Good exchange IMO. No issues so far.

Actually I just rechecked the Paytopia page and it appears they increased the price to 5,000,000 DOT. That's like $100k.

[asonganyi]

Can Iota get listed on Cryptopia please? It's the only exchange I use because they don't require ID scans. It's easy to get listed, just click on "services/Paytopia" on the upper right of the page. It says listings cost 100,000 DOT, about $1400 currently. Subject to developer review, but Iota has a good name as far as I know so pretty much they pay they're listed. A little known coin called Skycoin recently got on there while their applications are still on file at the other exchanges. It's also a new concept in blockchain, so fairly similar to Iota. Good exchange IMO. No issues so far.

Actually I just rechecked the Paytopia page and it appears they increased the price to 5,000,000 DOT. That's like $100k.

you can use binance they don't require id scan too,

they do id scan for very large amounts but you can carry you operations multiple time below their id verification figure if your  a big buyer

[asonganyi]

Hi guys,

I am having some problems with Binance :  " network congestion, withdrawal suspend "
Wondering if we can get an official answer about this and when it is going to be fixed.

And one more question - in theory, for tangle technology, more users means faster transactions - then why is the network getting congested ?

Thanks

keep calm it's a normal thing for exchanges during congestion,

[djpitagora]

Can Iota get listed on Cryptopia please? It's the only exchange I use because they don't require ID scans. It's easy to get listed, just click on "services/Paytopia" on the upper right of the page. It says listings cost 100,000 DOT, about $1400 currently. Subject to developer review, but Iota has a good name as far as I know so pretty much they pay they're listed. A little known coin called Skycoin recently got on there while their applications are still on file at the other exchanges. It's also a new concept in blockchain, so fairly similar to Iota. Good exchange IMO. No issues so far.

Actually I just rechecked the Paytopia page and it appears they increased the price to 5,000,000 DOT. That's like $100k.

sky is actually one of the oldest coins out there and one of the few that actually is solid from a technical standpoint. Someday it will be very big. Don't underestimate it just because it's "little" in market cap. It's one of the few sleeping giants.

[Waverider]

Does anybody know:

When Q release?
When bittrex listing?

[shade_wrath]

IOTA had a pretty good run in past few weeks! Hitting 5.50+ was amazing and I am glad I cashed out some of my investment. Holding the bag for another 6 months!

[neoscorpius]

Can Iota get listed on Cryptopia please? It's the only exchange I use because they don't require ID scans. It's easy to get listed, just click on "services/Paytopia" on the upper right of the page. It says listings cost 100,000 DOT, about $1400 currently. Subject to developer review, but Iota has a good name as far as I know so pretty much they pay they're listed. A little known coin called Skycoin recently got on there while their applications are still on file at the other exchanges. It's also a new concept in blockchain, so fairly similar to Iota. Good exchange IMO. No issues so far.

Actually I just rechecked the Paytopia page and it appears they increased the price to 5,000,000 DOT. That's like $100k.

I agree with you that placing a project on a stock exchange that does not require user verification gives certain advantages. I myself would be happy to invest in various projects that interest me, but there are problems with verification.

[lizardbtc]

"During an attack on the IOTA network in October, some funds were found to be at risk of theft, due to users re-using their private keys. The IOTA team took the decision to protect IOTA token holders by taking those funds which were at risk into temporary custody through a snapshot.

Once the attack was stopped, the team worked on setting up a process for reclaiming the funds, and sending them back to the rightful owners. This process of receiving and validating the claims has been understandably complicated and sensitive — especially when taking into account the immutability of the IOTA distributed ledger. This effort has required the full attention of the entire core and legal teams of IOTA over the last few weeks. "

Seen at: https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a

Hmm if they did the snapshot of current situation, why people don't have acccess to their fund. Shouldn't they be able to move their funds once they did rollback if they did that in past. Soory I am lacking my knowledge about this issue, but if it is something that could happen again I just have to question it's security since it is new project at least not blockchain so all of us have some dubts.

How did fund ended up with devs then if they did snapshot o.o did they moved those coins or they somehow locked up particular wallets?

[Fundmanager23]

I whink it's way overvalued for what it's offering at the moment

[djpitagora]

"During an attack on the IOTA network in October, some funds were found to be at risk of theft, due to users re-using their private keys. The IOTA team took the decision to protect IOTA token holders by taking those funds which were at risk into temporary custody through a snapshot.

Once the attack was stopped, the team worked on setting up a process for reclaiming the funds, and sending them back to the rightful owners. This process of receiving and validating the claims has been understandably complicated and sensitive — especially when taking into account the immutability of the IOTA distributed ledger. This effort has required the full attention of the entire core and legal teams of IOTA over the last few weeks. "

Seen at: https://blog.iota.org/claims-and-reclaims-finalization-e692844c505a

Hmm if they did the snapshot of current situation, why people don't have acccess to their fund. Shouldn't they be able to move their funds once they did rollback if they did that in past. Soory I am lacking my knowledge about this issue, but if it is something that could happen again I just have to question it's security since it is new project at least not blockchain so all of us have some dubts.

How did fund ended up with devs then if they did snapshot o.o did they moved those coins or they somehow locked up particular wallets?

They will never say they did anything wrong. It will always be our ( the users fault ) .... These are great questions. Be nice to get a real answer.

One thing I do agree on is, Iota is HIGHLY CENTRALIZED. It is like having a bank account or using PayPal at this point. Devs just took over users funds when they deemed it necessary.  Sounds like a bank or PayPal to me

this ability of randomly doing snapshots that allows seizing accounts worries me a lot. If this ability is not removed somehow there is no future for the coin. I'm still trying to understand what allows them to do so? The fact that the coordinator is in place or is it more rooted in the design itself?

BTC is valued the way it is because it's truely decentralized. Other then banning exchanges there is nothing a government can do.

[olloman]

this ability of randomly doing snapshots that allows seizing accounts worries me a lot. If this ability is not removed somehow there is no future for the coin. I'm still trying to understand what allows them to do so? The fact that the coordinator is in place or is it more rooted in the design itself?

BTC is valued the way it is because it's truely decentralized. Other then banning exchanges there is nothing a government can do.

If you truly are trying to understand, why are you posting before even checking how things actually work? The topic has been discussed many times before, it is not kept secret, and you could have easily found answers to your questions before posting uninformed FUD.

Snapshots need to be approved by the network in order to be valid, they are first proposed and then enforced after consensus is reached, it is indeed decentralized. They work pretty much like hard forks for blockchain-based coins (regarding consensus).

[asonganyi]

slack channel is down.. there is literally no way to join any of the forums mentioned on the website

what is wrong?