IOTA - 100 Billion Reasons Why
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- Опубликовано: 10 апр 2018
- It's estimated that by 2025, there will be 100 Billion global IoT devices, sending data and transferring value in the new Machine-to-Machine reality. As everything becomes a "smart device" in the coming Economy of Things, what will be the underlying protocol that makes this all work?
Terry Shane, Founder of the bIOTAsphere in Toronto, and CEO of Refined Data Solutions explains why IOTA is the only Distributed Ledger Technology available today, that can achieve the scale and utility required.
If you are hoping that blockchain-based solutions were going to solve for this, Terry suggests that you might want to think again about where to place your bets.
This presentation was delivered as a keynote speech at the Blockchain Opportunities Summit, held in Toronto, Canada.
IOTA is FUTURE. #IOTA
AAA BBB wieviele hast du gekauft, bist ja auf jedem Video zu iota
iota is future, but bulge in front of my jeans is NOW! hehe :-D
after 3 years still nothing intresting
FINALY, some profi presentation about IOTA conducted by a profi presenter! Thank you very much!
I'm so glad I found this pure gold today. I can't believe it's almost three years old.
That was the best presentation on Iota I've ever seen. Please take your show on the road. I'm sure there are plenty of cities that could gain from this insight and vision.
I'm happy to present in other locations - I will be a keynote speaker at the 2nd Annual Blockchain Conference in Toronto on April 24th. Other locations to be announced, but my primary focus is on the Canadian market for IOTA.
The bIOTAsphere let me know if you want to visit Amsterdam and need some pointers into where to go and who to meet!
The bIOTAsphere come to south Memphis
Agree, perfectly sums up the flaws of the current popular blockchains and why they will not survive mass adoption.
Instablaster...
Wow, excellent presentation
I´m amazed with the potential of IOTA! Thanks for sharing
One of the best big-picture talks on IOT, the 3rd (4th?) Industrial Revolution, and the role that IOTA is poised to play as the backbone of this new economy!
Do you believe in fairies?
The most informative video I have ever seen or heard of about blockchain technology and crypto currencies which explains in an extensive way and does not only focus on iota but informs us about the current notion of blockchain tech👌
18:33 , the jaguar partnership
great presentation...clear minded and well spoken
Great presentation. Really on point yet very smooth and understandable! Thank you and all the best for the biotasphere!
This guy knows.
He knows how to dress theft in legitimate business.
This is just phenomenal!!
You idiot!
Awesome video, looking forward to prototypes and real world use cases from the bIOTAsphere
Excellent IOTA overview. Very good presentation. Nicely done! The Jetsons would be proud.
Thanks Glenn. Your feedback is always welcomed and I know you must have smiled when you saw that slide! ;-)
Really good presentation, thank you
Great presentation. I really hope IOTA can successfully deploy main net soon and we can see it work at scale :)
we are already on main net, it is not a eth token - the hardware (spec processors) is still pending.
Sorry I should re-phrase I was referring to the trusted nodes that are still quite centralised. The plan is to make this fully decentralised in the future yes?
The nodes are decentralized and free to act as desired, however the value transfer (iota transaction) is only considered to be confirmed then directly or indirectly referenced by Coordinator. This is to prevent 51% attack since to send tx you only need a little of PoW (SHA1) and GPU rigs can easily outrun the IOT devices in power. IOTA Foundation is planning for migrating to Distributed Coordinators network, ideologically similar to PoS consensus in Q4 2018
Perfect thanks for the update. It's been over 6 months since I read the WP and did a fundamental analysis on my channel. Much appreciated and I will follow closely. Good luck.
Nugget's News Australia Correct. Plan is pure Decentralization.
Most interesting crypto presentation I've seen. I find them to be a bit of a snooze sometimes and full of jargon and this was clear and interesting the whole way through. Thanks.
Thanks, I appreciate your comments.
Thanks. My objective is to make the space relevant by telling stories about how the technology will impact our lives. Nobody understood how the Internet would be that important 10-12 years ago and here we are, unable to leave the house without our phones. If you travel to a foreign place today and they don't have internet access, you simply can't understand how you are expected to function. The same will be true of IOTA. We just have to make the tech relateable.
Awesome presentation!! please do some more !! are you planning some? :))
Well presented on IOTAs capabilities in its use cases as well! I'm sure a resource based economy would be realistic utilizing IOTA as means of protocol.
I'm 100% IOTA
with all your money?:)
Daniel F 100% of my crypto investment is in IOTA
100% of all your money?^^
Daniel F No. How would I eat?
Never good to go all in on one coin
This is so good, just so, so good
Great speaker, great presentation. A glimpse of the future.
Amazing presentation !
"Look ma, no hands"! Great sense of humor. Lol!
A very inspiring presentation. Thank you!
Best presentation on any crypto based technology . I’ can’t wait to see what this brings . But I’ll enjoy the time in between !
Truly remarkable. This is the just the beginning people. The future of Blockchain technology is here for the greater good of humanity. Come back to this comment three years from now and see the results then, this technology will revolutionize the world forever.
iTz GNik IOTA isn’t blockchain though
great presentation! impressed
Future looks great with IOTA, Wish you the very best of luck in deploying it asap :)
excellent presentation
11 dislikes = 11 shitcoins hodlers 😂
Democracy is too important to be left up to the votes of the people... Henry Kissinger. I'm fine with dislikes, we're all entitled to an opinion, even if it's wrong. ;-)
The bIOTAsphere I know, I was kidding... a bit 😝
Guys, every talk in such meetings is followed by a short discussion. I was eagerly waiting for it. I would think including this would be really beneficial to underline the quality of these infotmation/the talk. Just sayin'
The sound system didn't pick up the voices of the questioners so there wasn't anything much to play and we were on a tight timeline so there was little room for a formal Q&A. Lots of folks came up afterwards, wanting to chat and I spent an hour talking to them. Sorry we couldn't capture it for the video.
a brilliant presentation! 👍
Perfect solution
Nice presentation Terry!
Thanks Kevin - The IOTA Evangelist Network consists of many folks just like you and me, all with a burning passion to use this technology to change the world for good.
This was an amazing presentation...and the next months it comes true. Soooo close 😁👍
awesome
2:48 . check rear view mirror when pulling out. noted.
I really like IOTA. But I’m trying to figure out “what actually drives iotas price up” as a crypto coin? Besides speculation and good news?? If it’s not a utility token, and it’s not block chain based where mining drives price....
Iota is just technology protocol.. so I’m wondering where does the demand for the coin come from ???
@ledentre8 answered this in another thread under this video, will quote "The Iota token will gain value the more people use it because you need to purchase them on an exchange to get them to begin with. If more and more people see the value in the vision conveyed in this video, they will purchase some Iota and the price will go up."
this is a very cool project and I think it will be a real gold))
I like iota and I loved the presentation but, what did he mean by Non for profit ecosystem at 27:27?🤔
Can you transfer IT to a ledger wallet?
I used to like iota, but the triangle lost all the iota in my wallet. (I had a lot : / ) after a bit of a panic I read I had to re-run/check all my transactions. I had hundreds and it pissed me off so bad WTF system does that. Iota better figure some stuff out if you want people to give a shit. Also aren't distributed ledgers no different than the fractional reserve lending practice that got us in this mess of debt in the first place? sorry if this seem a bit forward but no one addresses these things, all we hear about is the "selling points" and while those sound fine it does no good if your money disappear and you will have to figure out how to get it back and then the money is made out of nothing but someone or a group controlling the supply and thus the value
Great presentation , I was totally engaged normally I shut a video off after a few minutes because its boring and uninformative , hopefully more to come , thx
Same here
Great awesome project !!! Invest in future is correct , but they need to put them self in to ledger nano s ill be so happy !! and one more thing Terry Shane nice tie sir lol !
super presentation
Future is now)
Great video
I have my phone, tablet, tv, computer, laptop, Google home, fridge, washing machine, coffee machine connect to the interballs
excellent
How is this different than Guardtime's Keyless Signature Infrastructure (KSI), a blockchain technology that provides massive-scale data authentication without reliance on centralized trust authorities
very good.
What if iota made a game as an incentive to get coin but also possible nodes
Can you upload the powerpoint file somewhere? Those are some pretty neat pictures :D
Many of the images were supplied to me, so I'd need to check with the original sources to be sure that is OK. As a member of the IOTA Evangelist Network, the plan is to share the deck with other presenters so we can spread the word and educate as many folks as possible about the power of this incredible technology.
Im also very interested in the presentation. Please send it to ib329@exeter.ac.uk
That tie....
Imagine willingly wearing that tie 😂
Can't wait for 2025. :D
Bruh on some futuristic 2020 type of stuff. Frfr
Nice
that tie tho
What's wrong with the tie? ;)
Nothing, It´s perfect!
Thanks. I like it too.
The tie was awesome :)
Awesome
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Great presentation! I have got a question.
EOS is also solving scalability issues in blockchain 3.0.
I know IOTA and EOS have different use cases, but what tells IOTA apart from EOS considering the scalability innovations?
This is gold
I like Iota, but what is the best wallet for it?
Trinity wallet
IOTA is INCREDIBLE!! Their Trinity mobile wallet is amazing! Finally an amazing mobile crypto wallet with the most futuristic and inventive crypto currency EVER!!!!
IOTA is awesome
Eos is a blockchain winner but this makes me more bullish on IOTA and the IOT
i am invest in iota
I want to know more.
Amazing coin! just bought 20,000 coins
Yossi Cohen Wow! How much did that cost you?
2 Thumbs UP
Minute 17:07 - if you think about data can be sent fee less.....it’s remarkable.....
Data can be sent fee less long time ago from the era of WEB1.0.....
If you host your solution on AWS, you are paying for all bandwidth inbound and outbound to their servers. The same is true for other hosted compute platforms. You should not use any DLT solution at this time if the use case doesn't provide a clear benefit for a distributed, trustless, immutable ledger. There are many applications where I agree, that existing, cloud-based solutions with a database, sitting on AWS or Azure is the only way to go. But where a DLT is justified or demanded, wouldn't you prefer a solution with zero fees over one where every transaction carries a fee that is higher than the value of the underlying transaction and that is unpredictable, because it depends on the balance of supply and demand in effect from moment to moment?
lol, he looks and sounds like Liam Neeson, :-)
Liam Neeson is that lucky. ;)
try to by it and sending it to an iota wallet, or try from one wallet to another wallet and you will see that nothing works, i never came across something so difficult and big pain in the ass especially for people that are not so technical if it comes to these kind of things because you need to change nodes, or curl implementation, still nothing works! whats the point if you invest money in it if they steal your funds all the time (read on heloiota support) and iota won't be responsible + if you lucky and your coins won't get stolen, what's the point if it goes x 10 if you can't send it to an exchange without shitload of problems, right now can't even send it from one wallet to another one! i'm working on this since yesterday 8pm and it's now 10.30 pm the next day!
Cardano is a beast also
Something like DAV Network can't compete with IOTA right? DAV is built on top of ETH currently, which isn't good in my opinion. They seem to be focusing on drones right now though.
ETH needs staking asap. The cryptokittens showed just how disrupted the network can become with even just one moderate size dapp
So he says IOTA is best protocol to IOT settlement.,turning it to economy of things
I will put $100k into it after by watching this video!!!💪💪
Daniel Guo I just put 200 k 🤤
Chump change
These are a lot of my feeling with block chains. I've been saying how can bitcoin be adopted when China mines 75% of it. ps if you need a camera guy please keep me in mine.
'Every road will be a toll road.' Oh jesus. Hell no.
Sadly, that's probably the way it will go. The fastest way to have governments adopt DLT tech instead of resisting it is to show them ways it can help them replace the tax revenues that the move to the IoT will cost them. WHen the government can see how IOTA helps them collect tax, expect it to become an acceptable form of payment really quickly.
nice presentation, but there is something I don't understand. Correct me if I am wrong, so if I want to use Iota services, I should posses some IOTA tokens/coins whatever. My questions are: How do I get Iota tokens if I don't want to have an account on cryptocurrency exchanges? will Iota be owned by states? Do you see Iota as the only authorized currency? WIll Iota have some monetary fluctuations?
the time will come where you can buy IOTA at least as easy as Bitcoin now, maybe also direct at your housebank.. They just need to finish IXI-hub and everything is setup for exchanges, banks and what else to implement in into their systems.. Iota will never be owned by states as it is a foundation and I think because of that they will have less problems with restrictions and so on ;) welcome to the future
You don't actually need to own IOTA to make data transactions on the network since it's 100% feeless. That means you could use the system for medical records, identity, access to government services etc.without any value changing hands. You may also earn IOTA from devices or companies based on the data you are willing to share or services you provide. Very few people use physical cash any longer as most transactions are already digital - Visa, Debit Cards, Online transactions etc. If I live in Canada but buy something online from a US store and transact in US Dollars, the exchange happens seamlessly behind the scenes.
Back in the early days of the Internet, we used to have to make a phone call and wait for all of those squeals and tones before we were connected - now we're always connected. The same will be true for IOTA. conversion of "value" from your national fiat currency back and forth to IOTA will all take place behind the scenes seamlessly and IOTA may ultimately become a global reserve currency. But long before that, the cumbersome purchase via Crypto Exchanges is as temporary as those old 14.4K Modems.
I O T A is K I N G
1.5X Speed
Why until now, the price still low ? 😅
IOTA is the best Coin for the Future
Some info are funny. Poeple should understand, what does mean central and decentral system. How can I download full copy of DAG? If everyone has not possibility that ledgar copy, its only cenral system, which little bit improve bank accounts and share also its features like fast transaction.
What role will IOTA tokens play in all of this?
i would like to know this too :)
you must have watched the entire presentation with the sound muted and your eyes close to ask such a ridiculous question my friend.
加油！
Derren Desouza the technology is wonderful and so are the ideas, but at the end of the day we all have to make a living and investing is part of that reality.
Nothing in this World is free and its fair to ask how can the Token enrich its investors if there are zero fees?
Your question is quite different from nikkei's. The Iota protocol can be used to send data only, or value, or a mix of value and data. There is a small amount of proof-of-work that must be done by the device that is transacting but the cost is minimal. But as for your question, transaction fees don't actually help enrich investors anyway. They only help the miners, which don't exist with Iota because they aren't necessary and actually have incentives to make the network wasteful and more expensive.
The Iota token will gain value the more people use it because you need to purchase them on an exchange to get them to begin with. If more and more people see the value in the vision conveyed in this video, they will purchase some Iota and the price will go up.
xrp+iota = world denomination
GTR ARGH and Singularitynet
This is a technology and not a coin so that just confuses many investors
IOTA in 2020 - 1iota= 1000€ !
Łukasz Pludra 😂😂 Maybe in 2030
Łukasz Pludra if that would get true, you only need 1000miotas to get millionaire in 2020! 😋
no in 2030 itll be worth atleast $600,000 per one iota because itll be how governments run their countries idiot. your not seeign the greater scheme of things here look 5-15 years from now not 5 months.
doesnt matter newb the way iota will be used willl run everyday life. It'll have thousands of use cases billions wont even mattter dude their wont even be enough iota for everybody to use it to run their products and countries so its value will be so sky high itll be incredible. It;'ll be in the hundreds of thousands per token. look long term greater picture ur not seeing here. look 5 years out not 5 days or 5 months. tangle is here to stay
2021-iota = 1.2€ 😁🤣🤣
Have they managed to make a functioning wallet yet?
blog.iota.org/trinity-mobile-beta-release-c47e8babdc28
👀
Quantum computers in 5-7 years :D
I hope that was just a joke
No joke! Innovation only accelerates. Perhaps I'll be off by a couple of years but not more than that.
There are already small-number qubit quantum computers online today, available for use over the cloud. The question is how many qubits (complexity) will they be able to add within 5-7 years. I think this prediction might be conservative.
The first complete sequencing of the human genome cost more than $500 million and took about 15 years. In the intervening years, that cost has fallen to less than $1,000. Such is the pace of progress. I'd be surprised if the same advancements don't apply in the field of Quantum Computing.
Google "are cautiously optimistic that quantum supremacy can be achieved with Bristlecone", Google’s New Quantum Processor.
See more here: research.googleblog.com/2018/03/a-preview-of-bristlecone-googles-new.html
They're already here
quantumexperience.ng.bluemix.net/qx/experience
Wow!!$$🤗
Trinity has now been released!
blog.iota.org/trinity-mobile-beta-release-c47e8babdc28
We will use IOTA on UFO later.
😲
16:18 - 17:00 IOTA TX's are not 100% free because the person pushing the TX has to mine it using Proof of Work which uses electricity. Electricity costs money.
OK, so now we're splitting hairs. I assume that you're willing to concede that compared to Bitcoin, Ethereum, and other blockchain DLTs that zero transaction fees are pretty attractive and game-changing, but apparently, that's not good enough to count as "free". Technically, there is a minute cost for the electricity associated with the tiny amount of PoW required to validate to two randomly selected transactions on the Tangle, but this is typically so small that you would consider it "de minimus" in any calculation. The amount of work is so small that it can be completed by a low-energy sensor and since in most cases, the CPU load of the device undertaking the PoW is likely to be lower than 100%, it could, therefore, be argued that the energy was going to be consumed anyway and there was no incremental cost.
Would it make you happier if I agreed that the $0.0000000001 cost of an IOTA transaction was a teensy bit lower than the $1-$50 cost of a Bitcoin Transaction, depending on the demand for inclusion in the next block? Or to put it another way, IOTA Transactions at 99.999999999% free.
I can't tell if this guy is British or Canadian ahaha