generalizethis
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May 04, 2018, 10:09:27 AM Last edit: May 04, 2018, 10:23:07 AM by generalizethis |
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IOTA is in my top list, moreover Sweden is going to apply IOTA technology for creation of own crypto, so this positive news can lead to future growth. The only thing I don't like is 81 character secret phrase. just remember, 1 year ago something like 4 millions were stollen because people used online generators for secret phrase.
E-krona has yet to be decided, there are a few finalist, so IOTA may or may not be the winner. If you are using an unknown seed generator to create a seed, that's your own fault. It's no different than asking a stranger on the street to assign you a vault combo. Luckily, Trinity will generate seeds, so even noobs won't suffer at their own bad decisions. The reason the IF didn't put a seed generator in the original wallet was simple, they didn't want to be culpable if the seed generator could be exploited and they didn't want to spend the time auditing it. They only created a wallet after the community demanded it and they were very clear that it would be bare bones and users would have to practice due diligence. I'm sorry people lost money, but the IF's goal was never to get bogged down in wallets or other P2P issues, the goal of the IF has always been to establish IOTA as an IOT standard--it's that focus that led to it being one of the finalist of E-krona and partnerships with Fujitsu, Bosch and VW, so it wasn't like they were wrong. And while I wish they hadn't released a wallet (basically, stuck with the original plan) or had only issued a CLI, a wallet that's unusable by noobs, (like Monero's early official wallets) it's a case of hind sight being 20/20 and those taking advantage of the situation by piling on weren't saying anything until it was revealed that people were using phishing sites, so their clairvoyance was no better than the IOTA foundation, or if they knew, they didn't care enough to say a damn word--either way, I know politicizing other's misfortunes when I see it.
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aragom
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May 04, 2018, 11:29:26 AM |
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I bought IOTA when price was 4.5$, but I will never sell this coin, it seems that only this coin has bright future and could be useful.
I bought it for less than $0.50 and still holding them. me too same. i am relly believing iotas projects. i boutgy it in early septembers and it made me really very happy. same as kin
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Tallos
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May 04, 2018, 12:48:08 PM |
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I bought IOTA when price was 4.5$, but I will never sell this coin, it seems that only this coin has bright future and could be useful.
I bought it for less than $0.50 and still holding them. me too same. i am relly believing iotas projects. i boutgy it in early septembers and it made me really very happy. same as kin And imagine that you buy IOTA for the ICO price. Now you will be a millionaire, because the price was only around $0.0001798865 per MIOTA!!!
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btcblockchain
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May 04, 2018, 01:53:43 PM |
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Iota tie-up with Taiwan based Fujitsu automative gave lot of new expectations iota holders and IOTA is working close to AI and IOT technologies in crypto currency space IOTA will recreate a new technology innovation in the market
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Lucacrebbe
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May 04, 2018, 02:02:27 PM |
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I have to admit that IOTA is one of my hodling coin. But I have a decent IQ, so my question is the oracles are necessary to bring the real world data into the tangle, ok The Blockchain has a project for decentralized oracles. Its name is Chainlink. Remember this name, because you will be shocked from its moon mission Well Smart contracts can not interact with the real world data. Smart contract can only interact with on chain data. They need an adaptar for real world data. The solution is Chainlink. In Chainlink you stake your LINKS and if an oracle acts bad, it loses all its LINK tokens... this open the possibilities to have DECENTRALIZED ORACLES WHICH NO PROJECT GET The Oracle which provide the correct data is rewared with LINK tokens. All is very trustworty and trustless IOTA HAS INTRODUCED ORACLEs in project... so this scaries me, because I am a Chainlink hodler. My question is In a sistem wich has no reward for the people who stake their IOTA, like the Tangle is supposed to be, how can they run a DECENTRALIZED ORACLE SERVICE? WHAT HAPPENS TO THE ORACLES WHICH MAY ACT IN A BAD WAY? ORACLES WHICH MAY ACT AGAINST THE NETWORK INTERSTS?. IF YOU ANSWER TO THIS HIGH IQ QUESTION, I WILL ADD EVEN MORE IOTA. I HAVE ALREADY SOME IOTA, I WILL BUY MORE AND MORE Seriously can you answer to that question? I am very exciting about IOTA, despite all the retarded FUD around internet, but I would like to know if their Oracle will be CENTRALIZED or decentralized And if they will be decentralized, WHAT WILL PREVENT A MALICIOUS NODE TO ACT AGAINST THE NETWORK?
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generalizethis
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May 04, 2018, 02:11:57 PM Last edit: May 04, 2018, 02:24:03 PM by generalizethis |
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In a sistem wich has no reward for the people who stake their IOTA, like the Tangle is supposed to be, how can they run a DECENTRALIZED ORACLE SERVICE? And if they will be decentralized, WHAT WILL PREVENT A MALICIOUS NODE TO ACT AGAINST THE NETWORK? We don't even know if the smart contracts will be with oracles and/or on the IOTA network (both have been researched by the IF), so I'd wait to ask when that is known--likely, a month as was stated in https://qubic.iota.org/
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Lucacrebbe
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May 04, 2018, 03:11:38 PM |
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In a sistem wich has no reward for the people who stake their IOTA, like the Tangle is supposed to be, how can they run a DECENTRALIZED ORACLE SERVICE? And if they will be decentralized, WHAT WILL PREVENT A MALICIOUS NODE TO ACT AGAINST THE NETWORK? We don't even know if the smart contracts will be with oracles and/or on the IOTA network (both have been researched by the IF), so I'd wait to ask when that is known--likely, a month as was stated in https://qubic.iota.org/Basically do you have to pay to use the smart contract on IOTA
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generalizethis
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May 04, 2018, 03:47:18 PM |
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In a sistem wich has no reward for the people who stake their IOTA, like the Tangle is supposed to be, how can they run a DECENTRALIZED ORACLE SERVICE? And if they will be decentralized, WHAT WILL PREVENT A MALICIOUS NODE TO ACT AGAINST THE NETWORK? We don't even know if the smart contracts will be with oracles and/or on the IOTA network (both have been researched by the IF), so I'd wait to ask when that is known--likely, a month as was stated in https://qubic.iota.org/Basically do you have to pay to use the smart contract on IOTA Unknown. There may be instances where you have to pay and you don't have to pay. Or it may be all pay or not. What I'm wondering is, "Are cheaper than Ethereum and other smart contract platforms?" If I had to wager, I'd bet at least some contracts require payment as you are asking for the use of computer resources and someone has to pay the cost. I'd also bet they are cheaper due to IOTA's network efficiency.
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generalizethis
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May 04, 2018, 03:52:39 PM |
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Lucacrebbe
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May 04, 2018, 03:53:49 PM |
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In a sistem wich has no reward for the people who stake their IOTA, like the Tangle is supposed to be, how can they run a DECENTRALIZED ORACLE SERVICE? And if they will be decentralized, WHAT WILL PREVENT A MALICIOUS NODE TO ACT AGAINST THE NETWORK? We don't even know if the smart contracts will be with oracles and/or on the IOTA network (both have been researched by the IF), so I'd wait to ask when that is known--likely, a month as was stated in https://qubic.iota.org/Basically do you have to pay to use the smart contract on IOTA Unknown. There may be instances where you have to pay and you don't have to pay. Or it may be all pay or not. What I'm wondering is, "Are cheaper than Ethereum and other smart contract platforms?" If I had to wager, I'd bet at least some contracts require payment as you are asking for the use of computer resources and someone has to pay the cost. I'd also bet they are cheaper due to IOTA's network efficiency. Also I suppose the sistem will be scalable compared to Ethereum smart contracts what do you think ?
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generalizethis
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May 04, 2018, 04:00:14 PM |
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In a sistem wich has no reward for the people who stake their IOTA, like the Tangle is supposed to be, how can they run a DECENTRALIZED ORACLE SERVICE? And if they will be decentralized, WHAT WILL PREVENT A MALICIOUS NODE TO ACT AGAINST THE NETWORK? We don't even know if the smart contracts will be with oracles and/or on the IOTA network (both have been researched by the IF), so I'd wait to ask when that is known--likely, a month as was stated in https://qubic.iota.org/Basically do you have to pay to use the smart contract on IOTA Unknown. There may be instances where you have to pay and you don't have to pay. Or it may be all pay or not. What I'm wondering is, "Are cheaper than Ethereum and other smart contract platforms?" If I had to wager, I'd bet at least some contracts require payment as you are asking for the use of computer resources and someone has to pay the cost. I'd also bet they are cheaper due to IOTA's network efficiency. Also I suppose the sistem will be scalable compared to Ethereum smart contracts what do you think ? Crypto Kitties should be fine on the tangle.
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generalizethis
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May 05, 2018, 01:30:23 PM Last edit: May 05, 2018, 05:25:30 PM by generalizethis |
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Flode
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May 05, 2018, 07:42:22 PM |
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IOTA is in my top list, moreover Sweden is going to apply IOTA technology for creation of own crypto, so this positive news can lead to future growth. The only thing I don't like is 81 character secret phrase. just remember, 1 year ago something like 4 millions were stollen because people used online generators for secret phrase.
I agree, the phrase and the wallet itself is something I've never liked about IOTA. However the Trinity wallet is just around the corner, and it's looking amazing.
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generalizethis
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May 07, 2018, 09:18:08 PM |
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chuckbobuck
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May 07, 2018, 09:26:02 PM |
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Does anybody know how many other DAG clones are floating around out there?
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Giantreturn18
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May 07, 2018, 09:30:22 PM |
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I was very interested in reading your article about IOTA, it might be on it's way to 30 billion cap, it's at over 6 billion right now!! Although some replies to this post pointed out some problems, they will solve the problems and be a huge company. Thank you for this post and good luck with your new investments as well!
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chuckbobuck
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May 07, 2018, 09:38:20 PM |
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The reason I like Iota is because of the value proposition in terms of how it can save people money. Look at the dotcom bubble and which companies came out on top. It was the ones that gave value, in terms of savings to their users. Ebay, for instance. They were the collective rummage sale of the internet.
When the bull market ends in stocks (and it will,) there will be extreme pain in the crypto space. People tend to sell the highly speculative investments first. The ones that survive (then thrive) will be the ebays of the crypto world, like IOTA, IMHO.
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cryptimus prime (OP)
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May 08, 2018, 07:59:42 AM |
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I was very interested in reading your article about IOTA, it might be on it's way to 30 billion cap, it's at over 6 billion right now!! Although some replies to this post pointed out some problems, they will solve the problems and be a huge company. Thank you for this post and good luck with your new investments as well!
Glad you liked it. Hope the same for you.
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generalizethis
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May 08, 2018, 09:47:42 AM Last edit: May 10, 2018, 11:46:42 AM by generalizethis |
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