IOTA Crowdsale

[l8orre]

now here is a nice and easy one:

you won't get confused if I send multiple deposits form the same Bitcoin address, will you?

[Come-from-Beyond]

It would be nice to have all this tech talk balanced out by some real information on your marketing plans, projected use scenarios, 3 month / 6 month adoption scenarios etc.

The Achilles heel as you know of most NXT origin projects (SN etc) has been far too much tech and little or no attention paid to RW scenarios of marketing, GUI, sales strategy, business plan implementation etc.

Would be nice to see this thread pivot towards an in-depth, specific presentation of these things. If they exist.

Bump.

This would require to leak classified info and lose advantage of being in stealth mode. Need to think if it's worth this.

[Come-from-Beyond]

now here is a nice and easy one:

you won't get confused if I send multiple deposits form the same Bitcoin address, will you?

No, we will use Jinn Intelligence Suite to process the payments, this software is pretty smart to handle such cases.

[jelin1984]

So I must sent bitcoin at your adress with bitcoin wallet and nothing else?

[Come-from-Beyond]

So I must sent bitcoin at your adress with bitcoin wallet and nothing else?

https://blockchain.info/wallet will work too.

[delulo]

What is the UTILITY of the IOTA token? I.e. what drives it's demand?

[iotatoken]

What is the UTILITY of the IOTA token? I.e. what drives it's demand?

The ability to send true micro-transactions, securely in real time on extremely lighthardware. There are 'regular usecases' such as paying in real time for streaming or micro-services that this allows, but to see the true potential you have to contemplate what the Internet of Things truly is. in 5 years there'll be 50 + billion connected devices that communicate and cooperate, given the scarcity of resources this ecosystem will need its own economy, up until now no technology solved this problem, but IOTA does.

[osoverflow]

Hello! I just started my participation. I'm very interested in seeing the algorithm of IOTA. I also liked the name. It is a good name, IoTa for internet of things, and also the Iota is a greek letter, and also a Cealdic currency (from a book, El nombre del viento, the Kingkiller Chronicle), in English a "Jot", in Spanish a "Iota", that is a copper coin, equivalent to 10 Drabs of Iron. 10 Iotas are 1 silver talent and 100 iotas are 1 gold mark, in the same book.

You expect to have the source code by Christmas?

[Come-from-Beyond]

Hello! I just started my participation. I'm very interested in seeing the algorithm of IOTA. I also liked the name. It is a good name, IoTa for internet of things, and also the Iota is a greek letter, and also a Cealdic currency (from a book, El nombre del viento, the Kingkiller Chronicle), in English a "Jot", in Spanish a "Iota", that is a copper coin, equivalent to 10 Drabs of Iron. 10 Iotas are 1 silver talent and 100 iotas are 1 gold mark, in the same book.

You expect to have the source code by Christmas?

Yes.

[Jimmy2011]

 guess Google is supporting IOTA  : )

twitter: https://twitter.com/balajis/status/670535825717727233

The day is coming when Google must bulk purchase Bitcoin to crawl the machine-payable web: https://21.co/learn/crawl-the-machine-payable-web/#overview

[delulo]

What is the UTILITY of the IOTA token? I.e. what drives it's demand?

The ability to send true micro-transactions, securely in real time on extremely lighthardware. There are 'regular usecases' such as paying in real time for streaming or micro-services that this allows, but to see the true potential you have to contemplate what the Internet of Things truly is. in 5 years there'll be 50 + billion connected devices that communicate and cooperate, given the scarcity of resources this ecosystem will need its own economy, up until now no technology solved this problem, but IOTA does.

In other words the tx fees are paid in iota tokens? If not what SPECIFIC action individuals do is driving demand for IOTA tokens?

[achimsmile]

In other words the tx fees are paid in iota tokens?

No, it looks like all transactions are free, in a sense that they only cost a little PoW.

[Tobo]

In other words the tx fees are paid in iota tokens? If not what SPECIFIC action individuals do is driving demand for IOTA tokens?

Iota will enable nano payment and an efficient free market for IoT devices to trade data. In the IoT data trading marketplace, Iota tokens are the medium to trade data just like the Petrodollars in the international oil marketplace.

I think your next natural question will be "why is it possible?". It is possible because Iota has the potential to create the first IoT marketplace and companies and devices will have to use it. It is why Bitcoin is worthy much more than any other coins, first mover advantage.

[c_lab]

is it posssible to send 2 payments from one bitcoin-adress or are they problems with the verification?

[Come-from-Beyond]

is it posssible to send 2 payments from one bitcoin-adress or are they problems with the verification?

It's possible. No problems with the verification.

[iotatoken]

In other words the tx fees are paid in iota tokens?

No, it looks like all transactions are free, in a sense that they only cost a little PoW.

Correct.

[andyatcrux]

  I signed up for the newsletter on the iotatoken site weeks ago and figured some sort of notification would be sent about the crowdsale. Glad I logged back in to my bitcointalk account to see this announcement.

[50cent_rapper]

I signed up for the newsletter on the iotatoken site weeks ago and figured some sort of notification would be sent about the crowdsale. Glad I logged back in to my bitcointalk account to see this announcement.

Check your spam folder. My notification dropped there.

[rlh]

I signed up for the newsletter on the iotatoken site weeks ago and figured some sort of notification would be sent about the crowdsale. Glad I logged back in to my bitcointalk account to see this announcement.

I got the news letter too.  It came a few days ago (I think) and it didn't show up in my spam box (GMail.)

[carajillu]

I have a question for the OP. If there are no transaction fees, what will be the incentive for the nodes to remain connected to the network? Sorry if this question has already been placed and/or answered.