Lot of IOTA interest.
Roosh
http://www.rooshv.com
Quote: (12-09-2017 11:31 PM)Sebastian Wrote:
I think difference is about 50 cents right now. I don't how this is possible.
anyways, Is there a way you buy those on Binance and sell it in other market?
Quote: (12-05-2017 02:19 PM)yaku Wrote:
Up to $3.40 now.
Nearly $6 at Coinone, the Korean exchange.
Apparently lots of demand in Korea.
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IOTA
• The IOTA foundation, located in Berlin has revolutionised IoT*. IOTA represents a third generation of Blockchain after the development of
Bitcoin and Ethereum were developed. It actually isn’t a simple blockchain anymore, but rather a completely new concept.
• The scale problem is solved through a new developed structure. Instead of a chain the blocks are processed in parallel strands. A
transaction is processed after being confirmed by several participants (not miners like Bitcoin). There are basically three steps during a
transaction:
1. I have to confirm a minimum of two transactions (the software does this automatically, unlike miners for Bitcoin).
2. These two transactions must be verified and checked (also done by the software).
3. The authentication is processed through a nonce (number used once)*. This guarantees spam protection.
• In conclusion: IOTA has solved the fundamental problems of blockchain, because it is scalable and does not cause any costs. The
problem is, that this payment system only works if cryptocurrencies are compatible with each other, because IOTA does not have blocks
and chains.
Quote: (12-10-2017 05:51 AM)semibaron Wrote:
Quote: (12-09-2017 11:31 PM)Sebastian Wrote:
I think difference is about 50 cents right now. I don't how this is possible.
anyways, Is there a way you buy those on Binance and sell it in other market?
Quote: (12-05-2017 02:19 PM)yaku Wrote:
Up to $3.40 now.
Nearly $6 at Coinone, the Korean exchange.
Apparently lots of demand in Korea.
You can only trade on Coinone with a Korean passport and a Korean phone number. Hence access to the exchange is limited and therefore prices differ.
Quote: (12-11-2017 07:42 PM)yaku Wrote:
Deutsche Bank put out a prospectus on crypto for its clients.
https://www.db.com/newsroom_news/cio_ins..._ready.pdf
Quote:Quote:
IOTA
• The IOTA foundation, located in Berlin has revolutionised IoT*. IOTA represents a third generation of Blockchain after the development of
Bitcoin and Ethereum were developed. It actually isn’t a simple blockchain anymore, but rather a completely new concept.
• The scale problem is solved through a new developed structure. Instead of a chain the blocks are processed in parallel strands. A
transaction is processed after being confirmed by several participants (not miners like Bitcoin). There are basically three steps during a
transaction:
1. I have to confirm a minimum of two transactions (the software does this automatically, unlike miners for Bitcoin).
2. These two transactions must be verified and checked (also done by the software).
3. The authentication is processed through a nonce (number used once)*. This guarantees spam protection.
• In conclusion: IOTA has solved the fundamental problems of blockchain, because it is scalable and does not cause any costs. The
problem is, that this payment system only works if cryptocurrencies are compatible with each other, because IOTA does not have blocks
and chains.
Quote:Quote:
IOTA has solved the fundamental problems of blockchain, because it is scalable and does not cause any costs
Quote:Quote:
The problem is, that this payment system only works if cryptocurrencies are compatible with each other, because IOTA does not have blocks and chains.
Quote: (12-07-2017 02:07 PM)yaku Wrote:
He's talking about a bug that was fixed in August. His Microsoft claim is laughable. And the management team has no problems firing back at its critics, as an earlier exchange with Vitalik showed. Maybe be a bit unprofessional, but I don't see any problem with that.
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A functioning IOTA is a threat to the blockchain community. In the future, the PR battle between blockchain and tangle will make the Bitcoin/Bitcoin Cash battle seem like a quaint little argument between friends.
Quote: (12-12-2017 12:23 AM)yaku Wrote:
Sure, it was a significant but but not a big deal in the grand scheme of things. Just like the BTC bug that created 92 billion bitcoin out of thin air. Except the IOTA screwup didn't force a reversal of transactions. Or the time when Bitcoin Core released incompatible versions of software. That certainly was a clusterfuck, and happened as recently as 2013. Shit happens when you developing new stuff.
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The fact shit happens doesn't mean you shouldn't innovate.
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And sure, a lot of IOT sensors are small and can't handle PoW. If they can't/won't do the PoW, then they don't need to be part of the IOTA system.
Problem solved.
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Papers like https://131002.net/data/papers/AK09.pdf, showing that "peer-reviewed, proven resilient algorithms" have non-uniform structure, make me worry that an AI will find a way to break algorithms considered secure today. Look around, countries join the AI race (https://www.cnbc.com/2017/07/21/china-ai...2030.html, https://www.theverge.com/2017/9/4/162512...-the-world) like it's Nuclear Arms race 2.0. To me it's clear signs that power of Artificial Intelligence shouldn't be understated.
Quote: (12-12-2017 01:48 AM)Genghis Khan Wrote:
In case anyone would like an example of what IOT (Internet-of-Things) will do, IBM has a neat video:
https://youtu.be/QSIPNhOiMoE
Imagine a car with dozens, maybe even hundreds of small sensors - measuring all sorts of variables.
And that's perhaps the most realistic expectation we can have - cars, houses, streets, whatever with hundreds of sensors of differing sizes and requirements.
And all those sensors aren't going to work on mutiple platforms - manufacturers will pick one platform to use all their sensors with. If IOTA ends up limiting the minimum size of sensors, yeah it's a sunk project.
Though you just may be able to get away with in for example a car, assuming you have one central processing component that does the PoW work for IOTA. Frankly though, from a design and cost point of view it might be easier and cheaper to outsource the transaction/PoW work to a dedicated central facility run by the manufacturer or even easier, outsource to dedicated PoW equipment, i.e. miners (or stakers in PoS) and just pay the fee to finalize transactions.
Quote: (12-28-2017 03:00 PM)sync Wrote:
Like 99% of the cryptos IOTA is SHIT. Its just an idea which does not work and make the founder rich.
Check this:
https://codesuppository.blogspot.de/2017...s.html?m=1
Quote: (12-28-2017 04:09 PM)SamuelBRoberts Wrote:
Well, I'm glad I was able to provide you some enlightenment!
Most of the misery I've had with Crypto has come from taking it seriously, and all the fun has come from treating it like the silly fad it is.
People want IOTA? Let 'em by IOTA. Buy it before they do and then sell it to them for more than you paid for it.
It's centralized? Who cares? They want it anyway.
It has severe security flaws? Who cares? I won't be holding it long enough for that to matter, and if I do, my position sizing rules will protect me.
IOTA's written by idiots and liars? Who cares? You're not investing in a company that'll be around in 5 years, with your investment dependent on them being upright people who make good decisions. You're buying a silly, imaginary coin and then selling it a little later.
Quote: (12-28-2017 04:09 PM)SamuelBRoberts Wrote:
Well, I'm glad I was able to provide you some enlightenment!
Most of the misery I've had with Crypto has come from taking it seriously, and all the fun has come from treating it like the silly fad it is.
People want IOTA? Let 'em by IOTA. Buy it before they do and then sell it to them for more than you paid for it.
It's centralized? Who cares? They want it anyway.
It has severe security flaws? Who cares? I won't be holding it long enough for that to matter, and if I do, my position sizing rules will protect me.
IOTA's written by idiots and liars? Who cares? You're not investing in a company that'll be around in 5 years, with your investment dependent on them being upright people who make good decisions. You're buying a silly, imaginary coin and then selling it a little later.