[IOTA] IOTA Speculation

[cloudboy]

Anyone care to do some price speculation for post exchange IOTA?

I'm thinking it should hit at least 10Million USD market cap fairly quickly, as PR and marketing progress.

[1714765397]

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[windjc]

I do not like conflicts and to behave in a way which annoy people, but the killer feature of Bitcoin is DECENTRALIZATION.

So I hope there will be no lock for CH address, even so it hurts some buyers, sorry, but to be DECENTRALIZED is more important.

This is not bitcoin. If you want to buy bitcoin, go to www.bitfinex.com. Its currently around $750.

[trolleroo]

wow, the people in this thread are so friendly and kind

[Mr.Ease]

wow, the people in this thread are so friendly and kind

They are very nice people here in BitcoinTalk...

So the new Iota...  and it's coming out in LTC market... lol. good luck with that.

[trolleroo]

wow, the people in this thread are so friendly and kind

They are very nice people here in BitcoinTalk...

So the new Iota...  and it's coming out in LTC market... lol. good luck with that.

i was not talking to you

[boomboom]

How might this effect IOTA?

Is FACTOM in bed with The Department of Homeland Security (DHS) a red flag?

https://www.dhs.gov/science-and-technology/news/2016/06/17/st-awards-199k-austin-based-factom-inc-iot-systems-security

Full text:

DHS S&T Awards $199K to Austin Based Factom Inc. for Internet of Things Systems Security

For Immediate Release
DHS Science & Technology Press Office
Contact: John Verrico, (202) 254-2385

WASHINGTON – The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) today awarded $199,000 to Factom Inc. based in Austin, Texas, to advance the security of digital identity for Internet of Things (IoT) devices.  The project titled “Blockchain Software to Prove Integrity of Captured Data From Border Devices” was awarded through Securing the Internet of Things (IoT), Solicitation Number: HSHQDC-16-R-00035, the first call for proposals under the Silicon Valley Innovation Program (SVIP)  Other Transaction Solicitation (OTS) which launched in December 2015 to encourage non-traditional performers to offer solutions to some of the toughest threats facing DHS and the homeland security mission.

“IoT devices are embedded within our daily lives – from the vehicle we drive to devices we wear – it’s critical to safeguard these devices from adversaries, said DHS Under Secretary for Science and Technology Dr. Reginald Brothers. “S&T is excited to engage our nation’s innovators, helping us to develop novel solutions for the Homeland Security Enterprise.”

The Internet of Things is a convergence of mobile devices, information technology networks, connected sensors and devices. The DHS OTS call for security solutions seeks novel ideas and technologies to improve situational awareness and security for protecting these domains, including the 16 critical infrastructure sectors monitored by DHS.

“The start-up community is already developing innovative commercial solutions for IoT, so why not take advantage of that?” said Melissa Ho, Managing Director, S&T’s Silicon Valley Innovation Program. “DHS is engaging this community to gain access to products that will have a large impact to our enterprise, and we’re excited by the diversity of solutions this solicitation is able to bring to the Department.”   

The Factom Inc. Team proposes to authenticate devices to prevent spoofing and ensure data integrity by leveraging one of the most secure networks – the blockchain. Factom will create an identity log that captures the identification of a device, who manufactured it, lists of available updates, known security issues and granted authorities while adding the dimension of time for added security. The goal is to limit would-be hackers’ abilities to corrupt the past records for a device, making it more difficult to spoof.

For more information on future OTS solicitations visit http://scitech.dhs.gov/hsip or contact dhs-silicon-valley@hq.dhs.gov.   

[hellsingfan]

Is anyone still selling IOTA?

PS: Don't send me scam PMs I already talked to one scammer

[888cj]

What CfB was referring to is the fact that by helping out a few people who made a mistake that they should never have made, we might actually hurt other people in the long term by not letting people learn the hardway, which is usually the only way people learn.

maybe a middle solution would be to freeze CH account, and pay scammed people with a "tax" of x% going to the fundation?
This way: 1 people are not enterly scammed, 2 learn the lesson and 3 fundation goes up
We can see this like the "escrow" service provided at the begining by Cfb, but now with a x% charge.

CH was an obvious scammer from the beggining. I cant' understand how people made trades with this guy...

I agree with YouYou. A middle way.
 
By saying. "you were stupid, too bad" to the buyers the IOTA community is saying it's ok for criminals to steal and lie.

As IOTA decentralization has not taken place the idea that it will  somehow affect IOTA's reputation is moot.

I agree there is responsibility on both sides. Yes, lesson learned, always use escrow.

Perhaps 50% of the funds that are recovered, from freezing CH's account can be given to the IOTA Foundation. This would be a win for the buyers who were robbed and the IOTA Foundation. The only loser would be Child_Harold.

1 sent 1.7 BTC to Child_Harold (65,000 IOTA).

The list of scammed buyers is getting longer:
naj
wesgen
Niemand
888cj
Cizzen
koYnsta
zercrypt
Lyricz

--------------
-----------------
These are the details of my transactions with CH:
--------------------------
MArch 23rd: child_harold
#24: 35K IOTA for 1 BTC- 888cj:
https://bitcointalk.org/index.php?topic=1360660.msg14289504#msg14289504
----------
April 8th: child_harold
Congrats to 888cj!
30K IOTA @0.7BTC- 888cj
txid: bd670c0d37e9b6443b86edd93bb96e08746a26773a2952a90256f4f1df036ee5
https://bitcointalk.org/index.php?topic=1360660.msg14464308#msg14464308
---------------
child_harold Instructions:
https://bitcointalk.org/index.php?topic=1360660.msg14147007#msg14147007
---------------

[Lyricz]

How is the escrow taking place here.

I feel like seller has full control here. Since things IOTA will only go once wallet is released, if the price is higher than 'agreed price', seller probably will back out, if price is lower than agreed price then escrow deal would go through. Its not a 'true' escrow unless BTC and IOTA are both in escrow.

+1

[rdanneskjoldr]

I agree there is responsibility on both sides. Yes, lesson learned, always use escrow.

Absolutely not. If one guy buys a car, and you rebuy it to him, without checking or taking any security measures, do you go to the original seller to claim a car? Or to tell them to seize the car the scammer legitimately bought? No way.

Those buyers decided to ignore every advice, it was  repeated 1000 times to use escrow.
Not only doing something stupid for yourself, but also harming the IOTA community, and you didnt care at all of the harm you could cause.
And now you claim its half responsibility of the community? NO WAY

Maybe you get lucky and they decide to do something about this, but stop crying its anyones responsibility but yours.

And i dont care how rude i sound. Ive been all this time telling people to use escrow, advising to do secure trades, and trying to help.And i havent sold anything except a small chunk months ago. All to keep the environment healthier. Also i keep saying to be careful with cryptoknight, because im suspicious he may oversell.

[trolleroo]

expect those over sold and not delivered iotas to be dumped on the market as soon as iota reaches the exchanges... i'd advise all to be ready for the cheap buys

[achimsmile]

How is the escrow taking place here.

I feel like seller has full control here. Since things IOTA will only go once wallet is released, if the price is higher than 'agreed price', seller probably will back out, if price is lower than agreed price then escrow deal would go through. Its not a 'true' escrow unless BTC and IOTA are both in escrow.

+1

First, the wallet is released, then after some time iota launches officially, then after a week or so it gets listed on exchanges.

The sellers have more than enough time to send the iotas before there is an open market price.

But agreed, sellers should have put up a collateral.

[iotatoken]

How might this effect IOTA?

Is FACTOM in bed with The Department of Homeland Security (DHS) a red flag?

https://www.dhs.gov/science-and-technology/news/2016/06/17/st-awards-199k-austin-based-factom-inc-iot-systems-security

Full text:

DHS S&T Awards $199K to Austin Based Factom Inc. for Internet of Things Systems Security

For Immediate Release
DHS Science & Technology Press Office
Contact: John Verrico, (202) 254-2385

WASHINGTON – The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) today awarded $199,000 to Factom Inc. based in Austin, Texas, to advance the security of digital identity for Internet of Things (IoT) devices.  The project titled “Blockchain Software to Prove Integrity of Captured Data From Border Devices” was awarded through Securing the Internet of Things (IoT), Solicitation Number: HSHQDC-16-R-00035, the first call for proposals under the Silicon Valley Innovation Program (SVIP)  Other Transaction Solicitation (OTS) which launched in December 2015 to encourage non-traditional performers to offer solutions to some of the toughest threats facing DHS and the homeland security mission.

“IoT devices are embedded within our daily lives – from the vehicle we drive to devices we wear – it’s critical to safeguard these devices from adversaries, said DHS Under Secretary for Science and Technology Dr. Reginald Brothers. “S&T is excited to engage our nation’s innovators, helping us to develop novel solutions for the Homeland Security Enterprise.”

The Internet of Things is a convergence of mobile devices, information technology networks, connected sensors and devices. The DHS OTS call for security solutions seeks novel ideas and technologies to improve situational awareness and security for protecting these domains, including the 16 critical infrastructure sectors monitored by DHS.

“The start-up community is already developing innovative commercial solutions for IoT, so why not take advantage of that?” said Melissa Ho, Managing Director, S&T’s Silicon Valley Innovation Program. “DHS is engaging this community to gain access to products that will have a large impact to our enterprise, and we’re excited by the diversity of solutions this solicitation is able to bring to the Department.”   

The Factom Inc. Team proposes to authenticate devices to prevent spoofing and ensure data integrity by leveraging one of the most secure networks – the blockchain. Factom will create an identity log that captures the identification of a device, who manufactured it, lists of available updates, known security issues and granted authorities while adding the dimension of time for added security. The goal is to limit would-be hackers’ abilities to corrupt the past records for a device, making it more difficult to spoof.

For more information on future OTS solicitations visit http://scitech.dhs.gov/hsip or contact dhs-silicon-valley@hq.dhs.gov.   

It doesn't impact IOTA at all, but this is exactly the sort of things that the community has to do, start start-ups and projects on top of IOTA. That's something only you potential entrepreneurs can do, do get cracking. We got 2 separate channels on our Chat and also forum for exactly this sort of thing.

[iotatoken]

I agree there is responsibility on both sides. Yes, lesson learned, always use escrow.

As rdanneskjoldr already touched upon, there is absolutely zero responsibility on our part to fix your screw ups that you made against our 6 month non-stop warnings of exactly this scenario. None.

Us deciding to help you out despite your fuckup is nothing other than altruism because we want as many good guys in IOTA as possible, but it's not something we are responsible for, you're an adult, you went against our advice and you got burnt for it, the fact that we are potentially able to help you out of the situation should not stop you from learning the lesson here.

[mirador17]

I know it is too late now, but I've never understood why someone makes a deal with CH without escrow. He never gives the impression of a trustful person. Every second day he was here drunk and insulted people.

[888cj]

I agree there is responsibility on both sides. Yes, lesson learned, always use escrow.

As rdanneskjoldr already touched upon, there is absolutely zero responsibility on our part to fix your screw ups that you made against our 6 month non-stop warnings of exactly this scenario. None.

Us deciding to help you out despite your fuckup is nothing other than altruism because we want as many good guys in IOTA as possible, but it's not something we are responsible for, you're an adult, you went against our advice and you got burnt for it, the fact that we are potentially able to help you out of the situation should not stop you from learning the lesson here.

When I say there is responsibility on both sides, I meant between the Buyer & Seller not the IOTA community. But the IOTA community should consider penalizing the scammer if it can. I believe that is what is being considered by the community at this time.

The idea to contribute some of the recouped funds to the IOTA Foundation is a sound one and hopefully will be considered.

[rdanneskjoldr]

expect those over sold and not delivered iotas to be dumped on the market as soon as iota reaches the exchanges... i'd advise all to be ready for the cheap buys

I dont think that will have much impact. I expect iota to have decent volume, and those guys wont have an impact. Also, there is no correlation on the possible oversold scam, to what they really think of iota, or if they plan to hold longterm. Exchange trades are anonymous.

In fact i think that creates more buying pressure. Because nothing changed for the scammer position, but all failed buyers, who wanted to be in iota, would still want to buy.

[Bloomsy]

@888cj , u can add me to that list as well.
Bought 50K (old iota) for 1.5btc from child_harold.
TXID: 0be6f17a5052334335bc278899850c727e034571babb187510e9f171f80c624a
Confirm post: https://bitcointalk.org/index.php?topic=1360660.msg14355896#msg14355896

[_mr_e]

My up to date sale amounts:

111,181,240,000.00    @ 1 btc          cc001
333,543,720,000.00    @ 3btc           schnib
222,362,480,000.00    @ 2btc           Metaphilibert
111,181,240,000.00    @ 1 btc          Yeash20
333,543,720,000.00    @ 3 btc          arjen01
166,771,860,000.00    @ 1.5btc        MoneyTeam
11,118,124,000.00      @ 0.1btc        tk88one
138,976,550,000.00    @ 1.25 btc      proto
22,236,248,000.00      @ 0.2 btc       adam9910
222,362,480,000.00    @ 2 btc          Dexter12
8,894,499,200,000.00  @ 80 Btc        bigiotabig
55,590,620,000.00      @ 0.5 Btc       Torn
111,181,240,000.00    @ 1 btc          zzzman20
111,181,240,000.00    @ 1 btc          transpotime21bus
22,236,248,000          @ 0.2 btc       adam9910
333,543,720,000.00    @ 3 btc          ramsroyal
222,362,480,000.00    @ 2 btc          mr001
113,960,771,000        @ 1.025 btc     braelis
544,788,076,000        @ 4.9 btc        [anon]
55,590,620,000          @ 0.5 btc        SupZ
200G                       @ 2 btc           hasseklas
240g.                      @ 2btc.            Olloman

New sale, Congrats to olloman!

Still selling 3,760G IOTA for sale at a rate of 1 BTC == 120G IOTA.

As a well known, respected and trustworthy community member, please use me for all your last minute buying needs!

[Lyricz]

How is the escrow taking place here.

I feel like seller has full control here. Since things IOTA will only go once wallet is released, if the price is higher than 'agreed price', seller probably will back out, if price is lower than agreed price then escrow deal would go through. Its not a 'true' escrow unless BTC and IOTA are both in escrow.

+1

First, the wallet is released, then after some time iota launches officially, then after a week or so it gets listed on exchanges.

The sellers have more than enough time to send the iotas before there is an open market price.

But agreed, sellers should have put up a collateral.

Tanks, sounds good for me