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iotatoken (OP)
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November 26, 2015, 02:33:13 PM |
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If one buys these tokens, what can he do with them a) immediately b) near term c) hopefully in the future?
a) Transfer b) Transfer c) Transfer Iota usage depends on what you mix it with, think of it as of alchemy. IoT-devices + Iota = Supercomputer. Cryptocurrency + Iota = Oracle. Websites + Iota = Library."Library" Imagine the revolution when pornosites find out they can charge their users for every MB Download. This is one of the intended use-cases for IOTA, yes, true real-time-payments. Today you have to pay upfront/after the fact, a fixed price, meaning you often overpay because you didn't use the service much. With IOTA you can literally pay per second of usage. |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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illodin
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November 26, 2015, 02:40:18 PM |
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If one buys these tokens, what can he do with them a) immediately b) near term c) hopefully in the future?
a) Transfer b) Transfer c) Transfer Iota usage depends on what you mix it with, think of it as of alchemy. IoT-devices + Iota = Supercomputer. Cryptocurrency + Iota = Oracle. Websites + Iota = Library."Library" Imagine the revolution when pornosites find out they can charge their users for every MB Download. This is one of the intended use-cases for IOTA, yes, true real-time-payments. Today you have to pay upfront/after the fact, a fixed price, meaning you often overpay because you didn't use the service much. With IOTA you can literally pay per second of usage. The only reason IOTA is more likely to do this than DOGE for example is because it can scale better? Or are there other reasons? |
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iotatoken (OP)
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November 26, 2015, 02:44:33 PM |
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If one buys these tokens, what can he do with them a) immediately b) near term c) hopefully in the future?
a) Transfer b) Transfer c) Transfer Iota usage depends on what you mix it with, think of it as of alchemy. IoT-devices + Iota = Supercomputer. Cryptocurrency + Iota = Oracle. Websites + Iota = Library."Library" Imagine the revolution when pornosites find out they can charge their users for every MB Download. This is one of the intended use-cases for IOTA, yes, true real-time-payments. Today you have to pay upfront/after the fact, a fixed price, meaning you often overpay because you didn't use the service much. With IOTA you can literally pay per second of usage. The only reason IOTA is more likely to do this than DOGE for example is because it can scale better? Or are there other reasons? Yes that and no fees. Real-time-microtransactions make absolutely no sense when you have to pay fees, they'll eat up the entire microtransaction, rendering it futile. Additionally IOTA is primarily meant for IoT which requires extremely lightweight hardware |
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Come-from-Beyond
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Activity: 2142
Merit: 1009
Newbie
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November 26, 2015, 08:06:59 PM |
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I liked it. I got nothing but my inner voice read it with intonation of actors playing Hitler in WW2 movies. |
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dulinxu
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November 27, 2015, 12:55:01 AM |
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Can I send bitcoin by blockchain wallet?
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TERRA - Bring profits to support community, starting from cross-border payment ❘|❘ ICO ❘|❘ DISCUSSION |
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iotatoken (OP)
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November 27, 2015, 01:13:29 AM |
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Can I send bitcoin by blockchain wallet?
yes |
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Breasal
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November 27, 2015, 04:13:17 AM |
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Once IOTA are distributed, will I be able to transfer/hold them in my NXT wallet as an asset together with JINN?
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iotatoken (OP)
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November 27, 2015, 04:48:33 AM |
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Once IOTA are distributed, will I be able to transfer/hold them in my NXT wallet as an asset together with JINN?
No, IOTA is separate technology, but it can communicate to NXT (as well as the other blockchains) so there is symbiosis. |
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digicoin
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November 27, 2015, 07:16:30 AM |
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Is this technology compatible with ring signatures in Monero?
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Come-from-Beyond
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November 27, 2015, 08:46:34 AM |
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Is this technology compatible with ring signatures in Monero?
No, Iota uses quantum-immune cryptography. |
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carajillu
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November 27, 2015, 09:34:31 AM |
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Bought a little, seems an interesting idea.
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Komputor
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November 27, 2015, 10:15:01 AM |
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Is this technology compatible with ring signatures in Monero?
No, Iota uses quantum-immune cryptography. I find this technology interesting. However, from what i have read so far, the documentation always stated that the algorithms used in the IOTA network will be quantum resistant not immune. Care to elaborate? Are you suggesting that the network security is going to be 100% clear from any attack vectors that quantum computing could come up with? I am no expert on this, just trying to stay informed as much as possible. THanks. |
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Come-from-Beyond
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November 27, 2015, 10:37:40 AM |
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I find this technology interesting. However, from what i have read so far, the documentation always stated that the algorithms used in the IOTA network will be quantum resistant not immune. Care to elaborate? Are you suggesting that the network security is going to be 100% clear from any attack vectors that quantum computing could come up with? I am no expert on this, just trying to stay informed as much as possible. THanks.
I use "resistant" and "immune" interchangeably. |
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Komputor
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November 27, 2015, 10:43:40 AM |
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I find this technology interesting. However, from what i have read so far, the documentation always stated that the algorithms used in the IOTA network will be quantum resistant not immune. Care to elaborate? Are you suggesting that the network security is going to be 100% clear from any attack vectors that quantum computing could come up with? I am no expert on this, just trying to stay informed as much as possible. THanks.
I use "resistant" and "immune" interchangeably. The are not the same thing  Let me put it this way - If i say that maybe in the future, the IOTA network could be under threat from quantum computing attacks. That risk exists and IOTA is merely quantum resistant not 100% guaranteed to be able to fend off such attacks. Would this be a fair statement? |
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Come-from-Beyond
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November 27, 2015, 10:44:58 AM |
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The are not the same thing Let me put it this way - If i say that maybe in the future, the IOTA network could be under threat from quantum computing attacks. That risk exists and IOTA is merely quantum resistant not 100% guaranteed to be able to fend off such attacks. Would this be a fair statement? Algorithms used by Iota core fall into https://en.wikipedia.org/wiki/Post-quantum_cryptography category. |
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grewalsatinder
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November 27, 2015, 10:48:42 AM |
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Google search "resistant meaning" Or click this link: http://lmgtfy.com/?q=resistant+meaningThis is what it says: resistant rɪˈzɪstənt/Submit adjective 1. offering resistance to something or someone. "some of the old Churches are resistant to change" synonyms: impervious to, proof against, unaffected by, repellent of; unsusceptible to, immune to, invulnerable to; water-resistant, waterproof, impenetrable; rareimperviable to "a reinforced PVC membrane which is resistant to water" opposed to, averse to, hostile to, inimical to, against, anti, unwilling to accept, disinclined to accept, reluctant to accept, unenthusiastic about "she is very resistant to change" antonyms: susceptible to, receptive to 2. denoting starch that is not easily broken down by enzymes within the body and is therefore minimally absorbed during digestion. "cooked rice, like bread, contains a useful amount of resistant starch, which acts like fibre in the digestive system" |
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Komputor
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November 27, 2015, 10:59:03 AM |
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The are not the same thing Let me put it this way - If i say that maybe in the future, the IOTA network could be under threat from quantum computing attacks. That risk exists and IOTA is merely quantum resistant not 100% guaranteed to be able to fend off such attacks. Would this be a fair statement? Algorithms used by Iota core fall into https://en.wikipedia.org/wiki/Post-quantum_cryptography category. Good read. Thanks. Another question, so what is the main benefit of holding IOTA tokens? Is it like NXT where you get privileges to use the network? In other words, these tokens must be owned by an entity if they want to use the service provided by the IOTA network. Correct? |
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grewalsatinder
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November 27, 2015, 10:59:28 AM |
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Just a layman question regarding quantum resistant algorithm.
What if IOTA faces issues with the applied algorithm in it's technology to make it quantum resistant in future. Will it be possible to try or make another algorithms work in IOTA tech? As I see there are number of them mentioned wiki link.
It'd be not much effort, and possible?
Or It'd be difficult to do so?
Or It'd be not possible at all?
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