IOTA Crowdsale

[Komputor]

Google search "resistant meaning" Or click this link: http://lmgtfy.com/?q=resistant+meaning

This 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"

Hmm seems to be.. i guess i relate to the term resistant like how a watch or smartphone company states that their device is water "resistant", which does not mean that it is fully capable of avoiding water damage if one just drops it into a lake or the sea. However, i now understand what CFB meant. THanks.

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[Come-from-Beyond]

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?

I don't see benefit of holding any tokens, this reminds me a story of one woman who died of hunger having millions in her bank account. In a side-project that I write (decentralized email) these tokens will be used to retrieve messages addressed to those who don't run Iota node.

[Come-from-Beyond]

It'd be not much effort, and possible?
Or It'd be difficult to do so?
Or It'd be not possible at all?

It will be easy but it may lead to fragmentation if significant part of the users don't agree to update the software. The users = IoT devices mostly.

[grewalsatinder]

It'd be not much effort, and possible?
Or It'd be difficult to do so?
Or It'd be not possible at all?

It will be easy but it may lead to fragmentation if significant part of the users don't agree to update the software. The users = IoT devices mostly.

In that case I assume it would be even bigger issue than Bitcoin Block size. As if IOTA gets significant market share, and reaches masses there'll be billions of IoT devices which would need to agree with network. 

[Come-from-Beyond]

In that case I assume it would be even bigger issue than Bitcoin Block size. As if IOTA gets significant market share, and reaches masses there'll be billions of IoT devices which would need to agree with network. 

Yes.

[rdanneskjoldr]

Having no fees, is there any relation on the usage of tokens with the cost of using them?

Im not sure my question makes sense, im a noob. But i mean, by transfering 0.000000001 IOTAs, will you be able to fully use all of its features?

[Come-from-Beyond]

Having no fees, is there any relation on the usage of tokens with the cost of using them?

Im not sure my question makes sense, im a noob. But i mean, by transfering 0.000000001 IOTAs, will you be able to fully use all of its features?

I'm not sure I got you. Show an example where transferring, say, 0.00000001 BTC won't allow you to use all features.

[rdanneskjoldr]

In Btc you are supposed to pay a fee, which never happens in IOTA. It could happen in the future that your transaction isnt included by miners if you dont pay a fee,no? Specially if you spam 0.00000001 btc with no fee included transactions.

And probably that is what makes higher units of satoshis valuable.

[Come-from-Beyond]

In Btc you are supposed to pay a fee, which never happens in IOTA. It could happen in the future that your transaction isnt included by miners if you dont pay a fee,no? Specially if you spam 0.00000001 btc with no fee included transactions.

There are no miners in Iota. Everyone attaches their own transactions to the tangle.

[rdanneskjoldr]

There are no miners in Iota. Everyone attaches their own transactions to the tangle.

No miners and no fees,no? So maybe with 1 IOTA it would be more than enough to handle all transactions worldwide in the first years.

1 IOTA would offer ~1.000.000.000 units and the minimum cost of transaction would be 1 IOTA (mmm, sounds familiar)

[Come-from-Beyond]

No miners and no fees,no? So maybe with 1 IOTA it would be more than enough to handle all transactions worldwide in the first years.

1 IOTA would offer ~1.000.000.000 units and the minimum cost of transaction would be 1 IOTA (mmm, sounds familiar)

Maybe.

[WorldCoiner]

There are no miners in Iota. Everyone attaches their own transactions to the tangle.

No miners and no fees,no? So maybe with 1 IOTA it would be more than enough to handle all transactions worldwide in the first years.

1 IOTA would offer ~1.000.000.000 units and the minimum cost of transaction would be 1 IOTA (mmm, sounds familiar)

but if I understand it correct, there will be no fees

[Tobo]

In Btc you are supposed to pay a fee, which never happens in IOTA. It could happen in the future that your transaction isnt included by miners if you dont pay a fee,no? Specially if you spam 0.00000001 btc with no fee included transactions.

There are no miners in Iota. Everyone attaches their own transactions to the tangle.

Understand that the problems caused by spamming in Bitcoin network won't happen to Iota becasue there are no blocks and miners in Iota.

Could spamming cause any problems in the Iota network?

[Come-from-Beyond]

Could spamming cause any problems in the Iota network?

Yes, assuming that a spammer is willing to burn a lot of electricity for that. More info - https://en.wikipedia.org/wiki/Hashcash.

[rdanneskjoldr]

Understand that the problems caused by spamming in Bitcoin network won't happen to Iota becasue there are no blocks and miners in Iota.

Could spamming cause any problems in the Iota network?

My question is economical, not about security.
OP says 999 999 999 iotas is up for sale.

If 1 iota = 0.000000001 iota in usefullness, i see it like IOTA will have 999.999.999.999.999.999 units instead of 999 999 999 , making very hard for IOTA to have a significant market cap.

And with a disclaimer in the risks document that says    IOTA should also not be considered an investment. There is absolutely no guarantee that the IOTA that you purchase will increase in value. Instead you need to consider that
over time it may decrease in value

I think the constant decrease in its value is what probably is going to happen (not forever obv  , but yes until it finds its real value from an hyperoverbought ICO).

Or im missing something...

[Come-from-Beyond]

If 1 iota = 0.000000001 iota in usefullness, i see it like IOTA will have 999.999.999.999.999.999 units instead of 999 999 999 , making very hard for IOTA to have a significant market cap.

Would the marketcap be 1 billion times higher if we didn't allow to split 1 IOTA into 0.000000001 IOTA pieces?

[rdanneskjoldr]

If 1 iota = 0.000000001 iota in usefullness, i see it like IOTA will have 999.999.999.999.999.999 units instead of 999 999 999 , making very hard for IOTA to have a significant market cap.

Would the marketcap be 1 billion times higher if we didn't allow to split 1 IOTA into 0.000000001 IOTA pieces?

I  think so, if what 0.000000001 allows you to do is the same than 1 IOTA with the reduced emission.

So yes, im saying the real market cap of IOTA now shouldnt be more than 1 btc.

Or you can answer my first question to prove me wrong.

Having no fees, is there any relation on the usage of tokens with the cost of using them?

Im not sure my question makes sense, im a noob. But i mean, by transfering 0.000000001 IOTAs, will you be able to fully use all of its features?

[Come-from-Beyond]

I  think so, if what 0.000000001 allows you to do is the same than 1 IOTA with the reduced emission.

Interesting. We should approach bitcoiners and tell them how to increase Bitcoin marketcap from 5 billion to 5 trillion at least...

[rdanneskjoldr]

I  think so, if what 0.000000001 allows you to do is the same than 1 IOTA with the reduced emission.

Interesting. We should approach bitcoiners and tell them how to increase Bitcoin marketcap from 5 billion to 5 trillion at least...

Ok, my bad. Market cap would be the same. But i think its clear what my question was.

And yes, i say the notion of objective market cap people who are investing have, is hyper over priced from what it should be, because of the fact that they are confusing the units, to calculate the marketcap.


Scarcity is one of the variables to analyze when trying to find economic value. With 999.999.999 its easier to be scarce according with its potential use, than if there are 999.999.999.999.999.999


I think answering this question would clear all this.

By transfering 0.000000001 IOTAs, will you be able to fully use all of its features? With the maximum amount of data possible in a transaction (Or the same max data as transferring 1 IOTA)?

[Come-from-Beyond]

Scarcity is one of the variables to analyze when trying to find economic value. With 999.999.999 its easier to be scarce according with its potential use, than if there are 999.999.999.999.999.999

42Coin that is 500000 times more scarce than Bitcoin has a much smaller marketcap. Your hypothesis seems to not work as intended.