Quote: (08-23-2017 01:25 AM)Thomas the Rhymer Wrote:
Correct me if I'm wrong, but can the creators of this currency create more currency on demand? Is that what 'infinitely scaleable' means?
Is this basically the fiat-version of bitcoin?
No, all IOTA ever in existence have already been created. Then those were distributed via an ICO.
Here is another in-depth presentation about the protocol from one of the founders:
https://blog.iota.org/a-primer-on-iota-w...a6eb2cc621