CryptoJudgement
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Activity: 18
Merit: 0
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July 18, 2017, 02:25:47 PM |
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nice continuous newsflow for IOTA, the future looks bright.
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sheld0n
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July 18, 2017, 03:48:35 PM |
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Bitcoin and IOTA should be viewed differently. They share nothing in common in my opinion. The only commonality they share is that the price caluculated on most sites is based on Bitcoin. So you can not say Bitcoin up = IOTA down and vice versa. IOTA will establish itself from time to time so that we will see two or more different independent markets like BTC/any Altcoin and IOTA/any Altcoin. what happens august 1¿?
possible fork of bitcoin whats the expected probablE scenario on the fork? IOTA up / bitcoin down ? IOTA down / bitcoin down ? |
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John_Paul
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July 18, 2017, 03:56:07 PM
Last edit: July 18, 2017, 04:08:18 PM by John_Paul |
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Bitcoin and IOTA can coexist and should be. They work on different spaces and have different utilities and can solve different problems. A lot of platforms can coexist, I believe.
All I am hoping is that after the Bitcoin civil war ends and the miners side wins (obvious to me), those miner haters in the Bitcoin camp will come to the IOTA camp to enjoy the miner-less environment.
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zanzibar
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July 18, 2017, 04:30:15 PM |
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Bitcoin and IOTA can coexist and should be. They work on different spaces and have different utilities and can solve different problems. A lot of platforms can coexist, I believe.
All I am hoping is that after the Bitcoin civil war ends and the miners side wins (obvious to me), those miner haters in the Bitcoin camp will come to the IOTA camp to enjoy the miner-less environment.
I agree. Iota can also work with both BTC and ETH very effectively via Oracles. |
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John_Paul
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July 18, 2017, 04:45:17 PM |
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The interview is very informative. All investors should listen to it. |
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ninjacoins
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Activity: 170
Merit: 10
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July 18, 2017, 05:00:51 PM |
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Anyone had a resolution to the Child_Harold problem. I have tried various methods to get an update of some kind but cannot seem to get a response. If anyone has some news, would appreciate an update. Thanks.
This problem has low priority, not this month for sure. Thanks for the update. |
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luicon
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July 18, 2017, 06:59:47 PM |
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POW needed for "pay" will increase over time,
did anyone calc how quick this might increase? could be a pain the ass if in just 1 years you already need to change your computer
because it takes 10 minutes to verify two transactions with a standar i3/i5 CPU
not even talking about phones for POW,
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tiggytomb
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Activity: 1848
Merit: 1000
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July 18, 2017, 07:18:27 PM |
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Just came back to IOTA after seeing it ages ago and thinking it was an idea that wasn't going to take off, it does really have legs and it seems to be something very different to what we have at the moment.
Bitfinex is not the most user friendly exchange but it should be all about the tech and ensuring that the foundation is laid before rushing just to get a price increase.
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achimsmile
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Activity: 1225
Merit: 1000
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July 18, 2017, 07:43:40 PM |
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POW needed for "pay" will increase over time
Where did you get this idea? |
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luicon
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July 18, 2017, 07:45:26 PM |
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POW needed for "pay" will increase over time
Where did you get this idea? i read somewhere the POW needed for pay the "fee" will increase overtime when the network is bigger, but i am not sure, some one can confirm... |
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Come-from-Beyond (OP)
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Activity: 2142
Merit: 1010
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July 18, 2017, 07:45:40 PM |
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did anyone calc how quick this might increase?
Yes. +75.4% in 10 years. In other words a device spending today 4 seconds will need to spend 7 seconds in 10 years (the same device). |
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luicon
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July 18, 2017, 07:48:09 PM |
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did anyone calc how quick this might increase?
Yes. +75.4% in 10 years. In other words a device spending today 4 seconds will need to spend 7 seconds in 10 years (the same device). oh w0w, thats very little increase, almost nothing |
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Come-from-Beyond (OP)
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Activity: 2142
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July 18, 2017, 07:50:53 PM |
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oh w0w, thats very little increase, almost nothing
At the same time TPS will grow by 5600%. |
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luicon
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July 19, 2017, 08:10:49 AM |
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whats the equivalent to bitcoin in IOTA if i want work with the same amout of iotas than bitcoins? is Giota ?
2 100 000 000 000 000 satoshis
2 779 530 283 277 761 iotas
27 000 000 Giotas = 2 779 530 283 277 761 iotas ?
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carajillu
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July 19, 2017, 08:21:18 AM |
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whats the equivalent to bitcoin in IOTA if i want work with the same amout of iotas than bitcoins? is Giota ?
2 100 000 000 000 000 satoshis
2 779 530 283 277 761 iotas
27 000 000 Giotas = 2 779 530 283 277 761 iotas ?
2 779 530 Gi = 2 779 530 283 277 761 iotas |
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achimsmile
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Activity: 1225
Merit: 1000
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July 19, 2017, 08:28:22 AM |
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did anyone calc how quick this might increase?
Yes. +75.4% in 10 years. In other words a device spending today 4 seconds will need to spend 7 seconds in 10 years (the same device). That's interesting. Since a change of MinWeightMagnitude wouldn't result in a 75.4% increase I suppose you're going to modify the hashing algo? |
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Come-from-Beyond (OP)
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Activity: 2142
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July 19, 2017, 08:37:04 AM |
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That's interesting. Since a change of MinWeightMagnitude wouldn't result in a 75.4% increase I suppose you're going to modify the hashing algo?
No need to do that. |
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achimsmile
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Activity: 1225
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July 19, 2017, 08:45:03 AM |
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That's interesting. Since a change of MinWeightMagnitude wouldn't result in a 75.4% increase I suppose you're going to modify the hashing algo?
No need to do that. Does it have to do with bandwidth saturation in the future then? I don't see how that would increase PoW time though.. Just trying to figure out your hints. |
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luicon
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July 19, 2017, 08:59:56 AM |
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whats the equivalent to bitcoin in IOTA if i want work with the same amout of iotas than bitcoins? is Giota ?
2 100 000 000 000 000 satoshis
2 779 530 283 277 761 iotas
27 000 000 Giotas = 2 779 530 283 277 761 iotas ?
2 779 530 Gi = 2 779 530 283 277 761 iotas so there is not any unit that allow a 1:1 equivalency to bitcoin right? no unit assign this number 27 795 302 |
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