One of the BEST crypto interviews I've EVER heard. David S is a pleasure to listen to and an enlightening teacher on what IOTA is and does. Thanks Walla.
its new tecnology they dont know how to implement, they are used to implement shitcoins that are equally made, using blockchain. bitfinex is helping other exchanges to implement it, price can skyroket more than expected
IOTA is very bad for smart contracts.IOTA has a plan to add smart contracts but everyone knows it will be very limited and never be as advanced as if you do smart contracts with blockchain.Thats the downside of IOTA. security is also an issue which never proven to be efficient as blockchain.
Wow! I'm speechless. I knew I invested into something amazing and now it has been confirmed in so many numerous ways. The Tangle is as you said is a new paradigm. The Blockchain in my opinion now is like looking back at the Model-T car. Also, as I have posted in many comments on many of videos in respect of the "Great Bitcoin Scaling Debate" it is all for not. IOTA and its Tangle with free transactions, its speed and more importantly its unlimited scalability has solved this problem and everyone arguing and expending energy to make their point is useless chatter. They are on the wrong set of railroad tracks and don't know that they are going to hit a solid wall. They didn't take the right turn at the fork. Excuse my puns but they are all on the wrong "chain". AMAZING interview. Thank you very much. Now I'm going to invest more money and time into IOTA and spread the word about this amazing technology here in America. IOTA changes everything. I'm so grateful I bought when I did when it first was listed on Bitfinex. These are exciting times to live in and witness.
Wow. I’m blown away.. I have watched so many interviews with founders, CEOs, CTOs from various cryptocurrencies and ICOs but I’ve never heard anyone with this kind of understanding of their field of work, and someone who was the answer for every challenging question
Great interview! Bitcoin will be a victim of his own success. For now Bitcoin is Gold, ETH is silver but in the future IOTA price will be like a price of antimatter!
You do not calculate in the growth of the comlete market cap. IOTA is now at 2,5 billion → that is growing like crazy and the complete market cap also → 2 factor groth rate? Super hard to predict.
IOTA at 14$ is nothing crazy at all. that would means about 40 billion marketcap, when this happens bitcoin can be already at 200 billion, by then bitcoin would had made a 3x fold and IOTA a 40x fold. so ROI in 2 years is way better, No one expected a shitcoin like ETH that has a 1 Tb blockchain size and 200 shitcoins inside would ever touch 400$ but so many ICO's claiming ETH Tokens made it skyrocket, IOTA is having a potential grow with zero marketing and real innovation, you can expect it at top 3. Just wait to blogs and crypto news webs talk about it and also wait until its inside other exchanges, zero comision, + scalable by default + offline clusters + use the network to send data without send coins + allow micropayments, and so on and so on... this coin can be a a game changer, get a few at least :)
Great Interview! I was fascinated of the tangle concept from the beginning and now I got a much better understanding how IOTA works. It was the first time to get it explained by David himself, thanks a lot.
When people gonna find out the transaction fee is zero forever they all going to come in to it. This will change the world forever. I love this. These guys deserve a nobel prize or something. Genious indeed.
This isn't fair or true. It might read "Bitcoin is dead" because Bitcoin is a peer to peer cash system and IOTA is arguable way better for this use case due to negation of fees. However, IOTA because of their trade offs in the CAP theorem as described in this interview IOTA necessarily cannot guarantee order of transaction which disables it from being a full smart contract platform like Ethereum.
Thx for that clarification. I will listen to the video again. So if this is true, then the Ethereum blockchain will continue to have congestion, will continue to have transaction speed limits, and until Moore's Law catches up with blockchain technology we will experience continued network delays??? I guess this is why Evan Duffield the creator of DASH is moving to Hong Kong to look at measures to increase DASH's blockchain efficiencies by looking into Node Hardware upgrade design options. He too seems to think that there are inherent blockchain limitations in order to reduce network congestion levels: 1. Enhancing the code is limited 2. Moving transactions off and back onto the blockchain to increase tps still ultimately will slow the network due to the data incertion process 3. Last resort is transactions only being processed by full nodes with higher computer power. This means smart contract blockchains have significant scaling limitations unless Dan Larimer creator of BTS and Steem now EOS have figured out a better way around this smart contract limitation problem.
aquapurity Bitcoin and IOTA are apples and coconuts, Bitcoin is gold, IOTA is m2m and widespread. Bitcoin is the most secure system and the most recognizable. Its foolish to compare these technologies as better or worse due to the fact that time is a factor. Bitcoin is first, it's older, it has value just because of these two facts.
Beside the unlimited scalability with increase in user count - I would think of IoTa as a tech company rather than as a currency to spend. I would value it more like an equity (AMZN, MSFT etc). Extremely valuable. In fact - I would say any crypto that acts solely as a currency will become worthless over time. Fiats like (USD, EUR) will eventually become digitized and wipe out crypto "currencies." Crypto "companies" are much more valuable. IMHO. Buy crypto CURRENCIES for SHORT TERM gain as a TRADER, buy the crypto COMPANIES for the LONG HAUL as an INVESTOR. I guess it all depends on if and when you need the cash. Long IOTA @ $3.65 - infinity. Good luck out there y'all.
The current price of BTC is extremely high, but for good reasons, BTC was never intended the way its "used" for, fast transitions are just not possible, so IOTA will most certainly have a head start in the trading world.. providing free transactions and instant wallet-wallet transfers. Given all the variables I am expecting MIOTA's to be trading between $100 -$300 by April 2018, given the growth of IOT and Machine to Machine transactions, IOTA could be trading at $1000 by close of 2018.
really awesome thanks! Although I missed one part in the interview, what about smart contracts? they wanted to integrate it right? Will iota compete with ethereum, Eos etc?
BIG QUESTION???? Can someone working lets say on an ETH blockchain, convert the data/transaction history into a Tangle? Obviously this "data conversion" is going to be necessary, hopefully sooner than later.
I'm having difficulty with the concept of this being "non-profit". I'd love it someone could explain how investing (presumably for profit) in this company could pay off.
is not nonprofit. they sell early at 0.50$ multiplicated that with 2.000.000.000.000 and that a lot of money now you can use the IOTA for payment betwen things. for exmaple the acces to highway, pay with IOTA and you can go and you dont need to have coins on poket after that the company who tax you on highway sell it back to market a litel bit more expensive or at same price and can win twice for service and for trading. Reciclyng the IOTA amount.
I just can't figure out one thing, maybe You will help me. One transaction validate two next and so on, but how was validated the very first transaction in IOTA? Was it implemented by developers?
hmm so would it be possible to recreate that situation? for example i have 100iota on my wallet and i send to my friend 1000iots. Normaly the web should reject that demand because of not enough funds but somehow i manage my transaction to be confirmed instantly by itself so that 900 extra iots are joining the whole web. Or is it somehow secured? I really like the Project of Iota and that aspect of the First confirm is interesting me very much ;p thx for your response anyway
that's wrong. the first one was not validated until the third transaction occurred. three transaction are enough to validate each other and so create a 'network'.
Unbeleivable interview! brilliant interviewer, very professional and knowledgeable, David annihilated those questions, especially based on security. Fantastic, I'm sharing the shit out of this haha! P.S. is the interviewer Kiwi?? :)
it is too, but they claim the main feature is to be used for IOT since it can use the network with 0 iotas transactison, just with data, other cyrptocoins are just useful for money tx and they have fees, and are slow, iota is all the oposite on almost every point,
I wonder if that would all fit on one harddisk. If IOT really takes off, it would be an enormous amount of data. If they get regular queries the bandwidth requirement would also be enormous. How many of these permanodes are there planned to be? What is their incentive?
Same one can explain why its unsafe the wallet its self? I understund if you send twice time from the same wallet you will risk to be hacked true? woo all time you need to recicle the wallet. For example its not good or ONG where they us the wallet to receive donation and use the donation so need to sen to another wallet that donation so you have to change the adress wallet and the old adress wallet who you give to mass media no longer availble so you cant receive any more donation because the old dosent work anymore.
true, each time you do an outgoing transfer you reveal a part of the private key, so after do it once, each time you do it again, make it more easy to brute force the secret one, for donations its a problem i guess, in that case would make more sense to use a third party service
isn't that completely incorrect.. iota is still in beta. Eos is a working platform and basically runs two successful platforms steem and bitshares, no?
no, EOS pretends to be a new network, bitsahres and steems are two diferent networks by the same scammer who runs the EOS promise, EOS right now is still nothing, zero, air, just and ETH Token that represents just nothing on what EOS wants to be. EOS does not exist. IOTA is real, needs to improve? no doubt, it will, but its real already. EOS does not even exist, all you buy is an Ethereum token, the day they put the network out you will know it.
I guess where I am really confused is that iota and raiblocks are deemed to be "bitcoin killers" as they have faster and cheaper transactions. Eos and Cardano are billed to be ethereum competitors. I don't know if this implies that raiblocks and iota can simply be used as cryptocurrencies but that platforms for DAPPS cannot be built on top of them like they will be with Eos and cardano and ethereum (assuming like you said that Eos even gets off the ground).
J o n a t h a n it will be several years before IOTA hits its stride. It’s laying the foundation for a machine to machine economy. It’s a long position to take and the best known insurance policy a person can take for the impending labor crisis that will be brought on by automation and AI.
because was the single one inteligent enough to imnplement the new tecnology, others just dont know how to include it in the exchanger, bitfinex is helping other exchangers to include it, go in before its too late.
My Bittrex account was hacked to the tune of $18K. Happened on Monday...NO response from Bittrex. Have sent them 5+ EM. Not a safe place to do business.
He seemed evasive on the electricity cost issue. He also made some assumptions which lead to partial answers. He assumed that an attacker would be targeting small transactions, suggesting they wouldn't therefore bother. But surely people will want to use it for large transactions too. Attacks would target those transactions. Also, he assumes attacks would be for the purpose of stealing money. There are some who might attack with a purely destructive goal, say, someone threatened by iota. I wished he'd explained how an attack strengthens the system too. I didn't understand how - and does that apply for ALL methods of attack?
If you join IOTA slack they have a pretty detailed discussion on some of the topics you are asking about. Could also ask any additional questions you may have. The devs seem to be very involved and supportive of any serious questions about the technology.
He was not evasive. He essentially showed that an attacker would have no way of knowing what transactions that they were attacking and would consume tons of energy and infrastructure to POSSIBLY hack a few micro-transactions that by doing so would make the network stronger.
Because reason: We know network gets stronger with each transaction that is sent to the tangle right. So for someone to try and hack the network they would be spamming/sending out fake transactions, but as he stated each transaction also approves two other previous transactions on the network. This is where the hackers processing power will begin to work against them, thus making the network stronger in the process.
What the HELL are the devs doing!? Why does raiblocks have a perfectly smooth working product and is absolutely killing IOTA? Raiblocks: 26-11-17: €0,14 26-12-17: €6 IOTA: 26-11-17: €0,69 26-12-17: €3
This is him 100%. There is an iota video where he is sat in front of a computer going through a presentation. Go check it out. Pretty much like this but with slides.
IOTA has a coordinator, so how is that decentralized? I am not liking their centralized IOTA creation & taking the catch phrase :internet of things" Smart marketing, however a money grab plan is part of their mo.
then dont buy it, they say coordinator will be shut off, so its all about catch the bird before it fly. up to you, bitcoin is way more centralized on mining farms, and has zero utility,
One of the BEST crypto interviews I've EVER heard. David S is a pleasure to listen to and an enlightening teacher on what IOTA is and does. Thanks Walla.
I have such a strange feeling in the gut that Iota will be new world crypto standard in the next 10 years
IOTA thinks outside of the blockchain! IOTA is simply brilliant!
its new tecnology they dont know how to implement, they are used to implement shitcoins that are equally made, using blockchain.
bitfinex is helping other exchanges to implement it, price can skyroket more than expected
IOTA is very bad for smart contracts.IOTA has a plan to add smart contracts but everyone knows it will be very limited and never be as advanced as if you do smart contracts with blockchain.Thats the downside of IOTA.
security is also an issue which never proven to be efficient as blockchain.
pros and cons for both, but as for all the ICOs....they are infant and evolving.
Do you still believe in your statement after the qubic annoucement?
Wow! I'm speechless. I knew I invested into something amazing and now it has been confirmed in so many numerous ways. The Tangle is as you said is a new paradigm. The Blockchain in my opinion now is like looking back at the Model-T car. Also, as I have posted in many comments on many of videos in respect of the "Great Bitcoin Scaling Debate" it is all for not. IOTA and its Tangle with free transactions, its speed and more importantly its unlimited scalability has solved this problem and everyone arguing and expending energy to make their point is useless chatter. They are on the wrong set of railroad tracks and don't know that they are going to hit a solid wall. They didn't take the right turn at the fork. Excuse my puns but they are all on the wrong "chain". AMAZING interview. Thank you very much.
Now I'm going to invest more money and time into IOTA and spread the word about this amazing technology here in America. IOTA changes everything. I'm so grateful I bought when I did when it first was listed on Bitfinex. These are exciting times to live in and witness.
Hoard more before spreading the word, though :D
Incredible interview.. IOTA all the way
Wow. I’m blown away..
I have watched so many interviews with founders, CEOs, CTOs from various cryptocurrencies and ICOs but I’ve never heard anyone with this kind of understanding of their field of work, and someone who was the answer for every challenging question
Great interview! Bitcoin will be a victim of his own success. For now Bitcoin is Gold, ETH is silver but in the future IOTA price will be like a price of antimatter!
I just bought more Iota. This technology will be huge in the near future.
we are still under 1$
good times to buy before price explodes, in 1 year or 2,
What about the Market Cap? Is it even possible to reach lets say 1000$?
1000$ / Miota ? not any soon,
but 10-30$ in 1 year in more realistic
You do not calculate in the growth of the comlete market cap. IOTA is now at 2,5 billion → that is growing like crazy and the complete market cap also → 2 factor groth rate? Super hard to predict.
IOTA at 14$ is nothing crazy at all. that would means about 40 billion marketcap, when this happens bitcoin can be already at 200 billion, by then bitcoin would had made a 3x fold and IOTA a 40x fold. so ROI in 2 years is way better,
No one expected a shitcoin like ETH that has a 1 Tb blockchain size and 200 shitcoins inside would ever touch 400$ but so many ICO's claiming ETH Tokens made it skyrocket, IOTA is having a potential grow with zero marketing and real innovation, you can expect it at top 3.
Just wait to blogs and crypto news webs talk about it and also wait until its inside other exchanges, zero comision, + scalable by default + offline clusters + use the network to send data without send coins + allow micropayments, and so on and so on... this coin can be a a game changer, get a few at least :)
Very inteligent and informative podcast! Awesome stuff!
Great Interview! I was fascinated of the tangle concept from the beginning and now I got a much better understanding how IOTA works. It was the first time to get it explained by David himself, thanks a lot.
Blockchain is the future.
SIKE!!!! Blockchain is old news, IOTA is the new technology.
Its gonna be a fun ride!
well, tangle, to be correct
I like David. He speaks his mind
When people gonna find out the transaction fee is zero forever they all going to come in to it. This will change the world forever. I love this. These guys deserve a nobel prize or something. Genious indeed.
IOTA#1
where?
in the future
Future Headlines... "ETH is dead" "Blockchain technology was killed by the Tangle"
This isn't fair or true. It might read "Bitcoin is dead" because Bitcoin is a peer to peer cash system and IOTA is arguable way better for this use case due to negation of fees. However, IOTA because of their trade offs in the CAP theorem as described in this interview IOTA necessarily cannot guarantee order of transaction which disables it from being a full smart contract platform like Ethereum.
Thx for that clarification. I will listen to the video again. So if this is true, then the Ethereum blockchain will continue to have congestion, will continue to have transaction speed limits, and until Moore's Law catches up with blockchain technology we will experience continued network delays???
I guess this is why Evan Duffield the creator of DASH is moving to Hong Kong to look at measures to increase DASH's blockchain efficiencies by looking into Node Hardware upgrade design options. He too seems to think that there are inherent blockchain limitations in order to reduce network congestion levels: 1. Enhancing the code is limited 2. Moving transactions off and back onto the blockchain to increase tps still ultimately will slow the network due to the data incertion process 3. Last resort is transactions only being processed by full nodes with higher computer power.
This means smart contract blockchains have significant scaling limitations unless Dan Larimer creator of BTS and Steem now EOS have figured out a better way around this smart contract limitation problem.
Horses for courses
aquapurity Bitcoin and IOTA are apples and coconuts, Bitcoin is gold, IOTA is m2m and widespread. Bitcoin is the most secure system and the most recognizable. Its foolish to compare these technologies as better or worse due to the fact that time is a factor. Bitcoin is first, it's older, it has value just because of these two facts.
I agree....IOTA might make the Blockchain obsolete altogether in about 10 years
Wow simply intelligent brain storming crypto in its finest. I am impress, David is a genius, IOTA the way of the future.
Thank you for sharing 👍👍 what a great interview! I think I'm ready now to buy me some IOTA.
Awesome interview!! well done my friend!!!!
Quite an enlightening interview. Liked, Subscribed and even sent some Iota your way.. Great video :)
thnks dude!
Beside the unlimited scalability with increase in user count - I would think of IoTa as a tech company rather than as a currency to spend. I would value it more like an equity (AMZN, MSFT etc). Extremely valuable. In fact - I would say any crypto that acts solely as a currency will become worthless over time. Fiats like (USD, EUR) will eventually become digitized and wipe out crypto "currencies." Crypto "companies" are much more valuable. IMHO. Buy crypto CURRENCIES for SHORT TERM gain as a TRADER, buy the crypto COMPANIES for the LONG HAUL as an INVESTOR. I guess it all depends on if and when you need the cash.
Long IOTA @ $3.65 - infinity. Good luck out there y'all.
Well done Sønstebø ¡
Iota to the Moon!!
if I'm not misunderstanding they are working on autonomous cars that share a fuel source and run on data instead of actual fuel? am I mistaken?
Thanks for the overview, something that is still unclear is If the nodes validate themselves why is there a need for a token?
Awesome. How does this only have 6.339 views :o.
$1000+ price point inc
The current price of BTC is extremely high, but for good reasons, BTC was never intended the way its "used" for, fast transitions are just not possible, so IOTA will most certainly have a head start in the trading world.. providing free transactions and instant wallet-wallet transfers.
Given all the variables I am expecting MIOTA's to be trading between $100 -$300 by April 2018, given the growth of IOT and Machine to Machine transactions, IOTA could be trading at $1000 by close of 2018.
300 marketcap in april? we will hit almost a trillion dollars marketcap in 4 months? thats highly improbably
would love to hear this guy have a debate with a pro-blockchain dev. Very interesting stuff
I've already move on from blockchain and using most of my energy to learn IOTA tangle. From a high level, IOTA appears more of a solution.
Iota is ready for take off..It will be added to Binance soon.
Future reporting in. Things look great from orbit.
really awesome thanks! Although I missed one part in the interview, what about smart contracts? they wanted to integrate it right? Will iota compete with ethereum, Eos etc?
yes, smart contract are on its way,
EOS? this is a scam coin, everybody knows that,
BIG QUESTION???? Can someone working lets say on an ETH blockchain, convert the data/transaction history into a Tangle? Obviously this "data conversion" is going to be necessary, hopefully sooner than later.
internetofcoins.org
I'm having difficulty with the concept of this being "non-profit". I'd love it someone could explain how investing (presumably for profit) in this company could pay off.
is not nonprofit. they sell early at 0.50$ multiplicated that with 2.000.000.000.000 and that a lot of money now you can use the IOTA for payment betwen things. for exmaple the acces to highway, pay with IOTA and you can go and you dont need to have coins on poket after that the company who tax you on highway sell it back to market a litel bit more expensive or at same price and can win twice for service and for trading. Reciclyng the IOTA amount.
this is gonna be good!
This is cool stuff!!!
Uff, thanks
From where I can get start programming for Tangle and Iota?
learn.iota.org/tutorials
iri-playbook.readthedocs.io
I just can't figure out one thing, maybe You will help me. One transaction validate two next and so on, but how was validated the very first transaction in IOTA? Was it implemented by developers?
i think the first one validated itself, to create all the coins, or something like that,
hmm so would it be possible to recreate that situation? for example i have 100iota on my wallet and i send to my friend 1000iots. Normaly the web should reject that demand because of not enough funds but somehow i manage my transaction to be confirmed instantly by itself so that 900 extra iots are joining the whole web. Or is it somehow secured? I really like the Project of Iota and that aspect of the First confirm is interesting me very much ;p thx for your response anyway
join reddit.com/r/Iota/ and ask, they know more than me
that's wrong. the first one was not validated until the third transaction occurred. three transaction are enough to validate each other and so create a 'network'.
okey thanks
beautiful!
IOTA and... Raiblocks. Both post-blockchain DAG tech.
Is iota the next Apple, Microsoft, intel, etc?
no
Pedrooo317 cool
No
can someone help me better understand when David says "spamming the network actually helps to strengthen the network?"
spaming are 0 token transactions, that means in this action you confirm two other transactions, meaning your network confirms transactions quicker,
Unbeleivable interview! brilliant interviewer, very professional and knowledgeable, David annihilated those questions, especially based on security. Fantastic, I'm sharing the shit out of this haha!
P.S. is the interviewer Kiwi?? :)
"We cant hack the universe" :(
IOTA buy some of this
Does anybody know who the interviewer is?
Arthur Falls
Hey, wait, it's not Sønstebø, it's Roger Federer! 😂
Why not also target the use case of people transacting with each other, money, payments etc instead of just IoT?
it is too,
but they claim the main feature is to be used for IOT since it can use the network with 0 iotas transactison, just with data,
other cyrptocoins are just useful for money tx and they have fees, and are slow,
iota is all the oposite on almost every point,
When I have a private key on a paper wallet, how can the DAG tell me how much coins I control?
like in blockchain, you use a explorer and you see it
Walla the explorer stores all transactions then? Full nodes store the entire history. With zero cost transactions, how can this be scalable?
just permanodes store it all, nodes store it all temporarly, database is trimmed overtime
I wonder if that would all fit on one harddisk. If IOT really takes off, it would be an enormous amount of data. If they get regular queries the bandwidth requirement would also be enormous. How many of these permanodes are there planned to be? What is their incentive?
incentive? you can sell the data if some one need it for something i guess,
better ask on the iota reddit
this guy talks like a robot. cool asf
Wow, how not to be bullish?
Same one can explain why its unsafe the wallet its self?
I understund if you send twice time from the same wallet you will risk to be hacked true? woo all time you need to recicle the wallet.
For example its not good or ONG where they us the wallet to receive donation and use the donation so need to sen to another wallet that donation so you have to change the adress wallet and the old adress wallet who you give to mass media no longer availble so you cant receive any more donation because the old dosent work anymore.
true, each time you do an outgoing transfer you reveal a part of the private key, so after do it once, each time you do it again, make it more easy to brute force the secret one,
for donations its a problem i guess, in that case would make more sense to use a third party service
can anyone compare iota vs eos? Can you build DApps on Iota ?
easy, iota exist, eos does not, its just a stupid useless ETH token promising a future network.
isn't that completely incorrect.. iota is still in beta. Eos is a working platform and basically runs two successful platforms steem and bitshares, no?
no, EOS pretends to be a new network, bitsahres and steems are two diferent networks by the same scammer who runs the EOS promise, EOS right now is still nothing, zero, air, just and ETH Token that represents just nothing on what EOS wants to be. EOS does not exist.
IOTA is real, needs to improve? no doubt, it will, but its real already. EOS does not even exist, all you buy is an Ethereum token, the day they put the network out you will know it.
I guess where I am really confused is that iota and raiblocks are deemed to be "bitcoin killers" as they have faster and cheaper transactions. Eos and Cardano are billed to be ethereum competitors. I don't know if this implies that raiblocks and iota can simply be used as cryptocurrencies but that platforms for DAPPS cannot be built on top of them like they will be with Eos and cardano and ethereum (assuming like you said that Eos even gets off the ground).
nobody knows
Great but I have 500,000,000 iota stuck in "Pending" between two accounts for three days now. I'm not confident I'll ever get that back.
yeah it happens, dont worry, just reattach it to the network, new wallet versions will have self reatacch feature :)
ask help at the itoa forum
IOTA was the buzz back a ew months ago what happened?
J o n a t h a n it will be several years before IOTA hits its stride. It’s laying the foundation for a machine to machine economy. It’s a long position to take and the best known insurance policy a person can take for the impending labor crisis that will be brought on by automation and AI.
some wise ppl say iota can not scale :)
and can you provide some proof ?
why is IOTA only on one exchange??
because was the single one inteligent enough to imnplement the new tecnology,
others just dont know how to include it in the exchanger, bitfinex is helping other exchangers to include it,
go in before its too late.
My Bittrex account was hacked to the tune of $18K. Happened on Monday...NO response from Bittrex. Have sent them 5+ EM. Not a safe place to do business.
next time use 2FA,
Did you fill out all the security prognoses? How is that possible then? you should have a email if anybody else signed in your Bittrex account
Sonstebo should be the Face of IOTA not Shiener ...
Estimated target = $49
even 1000$ / miota if the project works as expected with the JINN processors, this make take a few years however
rentefald Do you mean $49 per MIota (1,000,000 Iota)? I just don't see it ever reaching $49 per Iota.
clearly he talks about miota.
Walla how do i invest in these jinn processors? Found nothing...
its an asset at nxt network www.mynxt.info/asset/3061160746493230502
He seemed evasive on the electricity cost issue. He also made some assumptions which lead to partial answers. He assumed that an attacker would be targeting small transactions, suggesting they wouldn't therefore bother. But surely people will want to use it for large transactions too. Attacks would target those transactions. Also, he assumes attacks would be for the purpose of stealing money. There are some who might attack with a purely destructive goal, say, someone threatened by iota. I wished he'd explained how an attack strengthens the system too. I didn't understand how - and does that apply for ALL methods of attack?
If you join IOTA slack they have a pretty detailed discussion on some of the topics you are asking about. Could also ask any additional questions you may have. The devs seem to be very involved and supportive of any serious questions about the technology.
He was not evasive. He essentially showed that an attacker would have no way of knowing what transactions that they were attacking and would consume tons of energy and infrastructure to POSSIBLY hack a few micro-transactions that by doing so would make the network stronger.
Because reason: We know network gets stronger with each transaction that is sent to the tangle right. So for someone to try and hack the network they would be spamming/sending out fake transactions, but as he stated each transaction also approves two other previous transactions on the network. This is where the hackers processing power will begin to work against them, thus making the network stronger in the process.
iota 666
What the HELL are the devs doing!? Why does raiblocks have a perfectly smooth working product and is absolutely killing IOTA?
Raiblocks:
26-11-17: €0,14
26-12-17: €6
IOTA:
26-11-17: €0,69
26-12-17: €3
wtf, IOTA woth 10 times raiblocks dude,
iota marketcap: 10 billions
rai marketcap: 1 billion
I use to work at IOTA, I got poached and now work for KFC
Kentucky Fried Chicken?
I don't think this is David Sonstebo talking,he has such english accent, but we know he is not english. What the fuck?
he never deny to not be him,
Walla that doesn' t mean that is him neither. His voice is so weird, I bet it was not him.
What do you base this off? Have you heard him anywhere else?
I'm from Norway. That's a scandinavian accent.
This is him 100%. There is an iota video where he is sat in front of a computer going through a presentation. Go check it out. Pretty much like this but with slides.
IOTA has a coordinator, so how is that decentralized? I am not liking their centralized IOTA creation & taking the catch phrase :internet of things" Smart marketing, however a money grab plan is part of their mo.
then dont buy it,
they say coordinator will be shut off, so its all about catch the bird before it fly.
up to you,
bitcoin is way more centralized on mining farms, and has zero utility,
sounds like a pre scripted interview.
Iota will crash every blockchain