Possum (OP)
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September 30, 2019, 12:14:11 AM |
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I am an iota owner - Bitcoin refugee.
All I want from these coins is the ability to send value to another person in a timely manner. Bitcoin did the job at first but fees killed its usability.
I have been sending iotas to my own accounts. I have 3. Two on computers and one on my phone. The other days I checked up on speeds of transactions and was astounded by the conformation times. Seconds to Sending/Receiving and then conformation follows soon afterwards. Making Iota a usable tool.
Do you agree with me that Iota speeds are getting better..?
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rosezionjohn
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September 30, 2019, 04:47:42 AM |
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I don't own Iota and I have not done any transactions with it before. Why don't you just ask the team directly about the speed? I am sure they have all the data that you need. Or you can just log the speed time today and do another tomorrow, then compare. With regards to the notion that it is more usable if it's faster, usable for what exactly? For payment?
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r_delossa
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September 30, 2019, 02:49:30 PM |
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IOTA is a great coin that I am holding among other altcoins, and I believe that it would be a great ETH competitor in the future. IOTA just needs some more improvements and good market conditions to get even higher on cmc.
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tiang_tower
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September 30, 2019, 02:59:54 PM |
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IOTA is a great coin that I am holding among other altcoins, and I believe that it would be a great ETH competitor in the future. IOTA just needs some more improvements and good market conditions to get even higher on cmc.
IOTA is indeed a good altcoin, and has been listed in many exchanges, and today IOTA price increase is almost 3%, but to love altcoin ETH, it seems to be a little difficult, although at this time the increase in ETH prices on the market is not so much.
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Javi_Anibarro
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September 30, 2019, 03:05:37 PM |
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If we are comparing IOTA with Bitcoin, of course IOTA is far superior in term of transaction speed and scalability. But have you tried other altcoins such as EOS, XRP, and QTUM? and comparing it with IOTA? all of those are good coins in term of transaction speed. It is more scalable compared to Bitcoin, I never use IOTA before. But based on my research, IOTA can do 1.500 TPS while those coins can do more than 3.000+ TPS. As I recalled, they took me seconds to make a payment.
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Bttzed03
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September 30, 2019, 03:28:06 PM |
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^ since we are talking about transaction speed, how about Syscoin's 60,000 TPS? Syscoin can achieve over 60,000 transactions per second (TPS) with new Zero Confirmation tech, Z-DAG, from Blockchain Foundry. Much higher than its peers such as EOS and QTUM. Assuming their claim were true, does this mean that Syscoin is more usable than IOTA, EOS, QTUM, and all other slower blockchains?
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diazepam666
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September 30, 2019, 03:31:54 PM |
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I am an iota owner - Bitcoin refugee.
All I want from these coins is the ability to send value to another person in a timely manner. Bitcoin did the job at first but fees killed its usability.
I have been sending iotas to my own accounts. I have 3. Two on computers and one on my phone. The other days I checked up on speeds of transactions and was astounded by the conformation times. Seconds to Sending/Receiving and then conformation follows soon afterwards. Making Iota a usable tool.
Do you agree with me that Iota speeds are getting better..?
LOL you seems introducing yourself like you are the owner of IOTA. This so funny and if you want to use the ultrafast transaction medium you need to choose the EOS as the payment option. When there is big useful on IOTA obviously you may find more users for IOTA. Now you need to understand whatever you cannot compare it with IOTA.
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TastyChillySauce00
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September 30, 2019, 03:41:06 PM |
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^ since we are talking about transaction speed, how about Syscoin's 60,000 TPS? Syscoin can achieve over 60,000 transactions per second (TPS) with new Zero Confirmation tech, Z-DAG, from Blockchain Foundry. Much higher than its peers such as EOS and QTUM. Assuming their claim were true, does this mean that Syscoin is more usable than IOTA, EOS, QTUM, and all other slower blockchains? They are the same and can we use the scalability as a consideration to determine if that coin is usable or not? Op was wrong about that even IOTA has upgraded its protocol and the usability of the token still remain the same and it's not a token with a lot of usefulness and only becomes a payment system that cost zero fees and this also happened with syscoin. Remember this even some coins like credits has already published if that can achieve a hundred thousands of TPS. Scalability without utility is something that becomes failed.
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plast555
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September 30, 2019, 03:46:49 PM |
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If we are comparing IOTA with Bitcoin, of course IOTA is far superior in term of transaction speed and scalability. But have you tried other altcoins such as EOS, XRP, and QTUM? and comparing it with IOTA? all of those are good coins in term of transaction speed. It is more scalable compared to Bitcoin, I never use IOTA before. But based on my research, IOTA can do 1.500 TPS while those coins can do more than 3.000+ TPS. As I recalled, they took me seconds to make a payment.
Yes that is right. EOS is also fast but I don't think it's as fast as XRP. However, XRP is not preferable to me because of it has centralized blockchain and they have not made much progress in terms of privacy. Can you propose a project that offers both privacy and high TPS speed?
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Bttzed03
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September 30, 2019, 03:48:12 PM |
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^ since we are talking about transaction speed, how about Syscoin's 60,000 TPS? Syscoin can achieve over 60,000 transactions per second (TPS) with new Zero Confirmation tech, Z-DAG, from Blockchain Foundry. Much higher than its peers such as EOS and QTUM. Assuming their claim were true, does this mean that Syscoin is more usable than IOTA, EOS, QTUM, and all other slower blockchains? They are the same and can we use the scalability as a consideration to determine if that coin is usable or not? Op was wrong about that even IOTA has upgraded its protocol and the usability of the token still remain the same and it's not a token with a lot of usefulness and only becomes a payment system that cost zero fees and this also happened with syscoin. Remember this even some coins like credits has already published if that can achieve a hundred thousands of TPS. Scalability without utility is something that becomes failed. Yup, this is where I am going at when I presented another coin with better speed (according to the project team). Some people seems to be trying hard selling the speed/scalability of some blockchains without presenting the utility.
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tomahawk9
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September 30, 2019, 03:52:45 PM |
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I am an iota owner A wild IOTA shill has appeared! All I want from these coins is the ability to send value to another person in a timely manner. Bitcoin did the job at first but fees killed its usability. Current btc fees are laughable, a little over 60¢ to get your tx confirmed within 3 or less blocks. The " btc fees are horrible blah blah blah" narrative is old, get a new one. I have been sending iotas to my own accounts. I have 3. Two on computers and one on my phone. The other days I checked up on speeds of transactions and was astounded by the conformation times. Seconds to Sending/Receiving and then conformation follows soon afterwards. Making Iota a usable tool. Generic shill words with no substance. Do you agree with me that Iota speeds are getting better..?
No one cares about speed, otherwise, a bunch of shitcoins would be at the top of the charts
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Possum (OP)
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September 30, 2019, 04:38:03 PM Last edit: September 30, 2019, 04:58:51 PM by Possum |
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Why don't you just ask the team directly about the speed I did. forum.helloiota.com Still waiting for a reply. (But they are good But just have other things to do I guess Bitcointalk.org is my first coin talk place.. But have you tried other altcoins such as EOS, XRP, and QTUM? and comparing it with IOTA? I've only used Bitcoin and Iota. It scares me that I spent Bitcoins in 2011. since we are talking about transaction speed, how about Syscoin's 60,000 TPS? Very interesting. I just cant keep up with all these coins. A wild IOTA shill has appeared! Ive been a Bitcoin Shill since 2011 till 2017. Bought my firsts coins in 2011 with help from this very forum. I got 100% out of Bitcoins in 2017 at the peek as it was all over the news media (who I don't trust). Iver paid fees of $23 and maybe more. Like most New Zealanders I wish there was just one coin to rule them. In my opinion that will happen soon in 2020. And we all know who will run that coin. But I won't say who that is as I wouldn't want to be seen as a shill.
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manok jepang
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September 30, 2019, 05:17:47 PM |
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It may be that there will be better technology than the blockchain including the IOTA, because there will continue to be new coins & also new algorithms used. At this point, the blockchain seems to be better than the IOTA with real-world adoption and lack of quantum computers. But there is a big chance that with rapid progress on a large scale in quantum mechanisms, AI, robotics, etc. IOTA will soon defeat the use of the blockchain because more and more companies are collaborating with IOTA.
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Possum (OP)
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September 30, 2019, 06:33:41 PM |
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It may be that there will be better technology than the blockchain Maybe Hashgraph Maybe Iota or more likely a coin from left field. I simply do not have the time to study them all. I am happy with iota, not as an investment but as a teaching tool. To show others how coins work. I know Bitcoin can do many things. But all I used it for was to send and receive value. In the end I will use any coin that works for me.
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Javi_Anibarro
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October 01, 2019, 07:16:48 AM |
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^ since we are talking about transaction speed, how about Syscoin's 60,000 TPS? Syscoin can achieve over 60,000 transactions per second (TPS) with new Zero Confirmation tech, Z-DAG, from Blockchain Foundry. Much higher than its peers such as EOS and QTUM. Assuming their claim were true, does this mean that Syscoin is more usable than IOTA, EOS, QTUM, and all other slower blockchains? I did hear about this too and read it on some sites, But the problem here is nobody has tested it yet and it was their claim from their whitepaper. On the other hand EOS, QTUM, and XRP are tested and used by many people daily. If it is really true, it should be more useable and it can help us solve the scalability issue. They are the same and can we use the scalability as a consideration to determine if that coin is usable or not? Op was wrong about that even IOTA has upgraded its protocol and the usability of the token still remain the same and it's not a token with a lot of usefulness and only becomes a payment system that cost zero fees and this also happened with syscoin.
Remember this even some coins like credits has already published if that can achieve a hundred thousands of TPS. Scalability without utility is something that becomes failed.
Utility is about implementation and adaption, everything has its own usability. The only difference in here is orientation and mission, some of them are trying to solve scalability in business model and some of them aiming for computer technology. but with scalability, it could help the project to get attention and attract new users to implement the system. well Credits is partnered with IBM, right?
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Possum (OP)
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October 01, 2019, 08:25:46 PM |
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Syscoin can achieve over 60,000 transactions per second Wow.. Thats amazing. I may be wrong as I didn't spend too much time on their site. I run Linux and couldn't find a linux wallet.
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Bananington
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October 01, 2019, 09:35:01 PM |
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I'm really impressed with IOTA project development progress so far, they are gearing towards improving usability and other aspects. About the speed of transaction, it's very fast now but looking forward to seeing higher TPS. I've been holding some IOTA long term and hoping the price soars in future, also hoping there will be more use cases for it later on.
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Possum (OP)
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October 10, 2019, 05:22:31 PM |
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Just did another experimental transfer. Still not confirmed.. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) 24hrs latter.. Back to the drawing broad
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allwelder
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October 11, 2019, 06:55:24 AM |
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Deposit some IOTAs to binance within about 3 min for confirmation. It's surely faster than before with trinity wallet improvements,congratulate the teams.
At the present exploratory stage of distributed ledger,block and chain are mainstream,and many platform apply this architecture,but still many aspects left to be explored,such as scalability,security,and so on.
DAG as an another new try to solve scalable and speed problems,this should be encouraged,of course including IOTA.
And they also achieved many progress,partnership,and application,including Jaguar Land Rover,Volkswagen,and so on.
But also still many thing remain to be answered,such as how to make it fully centralized,final confirmation faster,and so on.
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joseyphil82
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October 11, 2019, 07:01:22 AM |
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I am an iota owner - Bitcoin refugee.
All I want from these coins is the ability to send value to another person in a timely manner. Bitcoin did the job at first but fees killed its usability.
I have been sending iotas to my own accounts. I have 3. Two on computers and one on my phone. The other days I checked up on speeds of transactions and was astounded by the conformation times. Seconds to Sending/Receiving and then conformation follows soon afterwards. Making Iota a usable tool.
Do you agree with me that Iota speeds are getting better..?
If we decide to start rating coins base on transaction speed many altcoins will beat all top rated coins on CMC, try using Apollo currency and metacoin you will notice a second transaction speed ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) , even few not well rated coins can do better but real use case is better than transaction speed, i won't invest on a project just for its transaction speed
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