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IOTA Thread (First Non-Blockchain Coin)
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JayJuanGee Offline
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Post: #126
RE: IOTA Thread (First Non-Blockchain Coin)
(12-28-2017 07:17 PM)Giacomo Casanova Wrote:  
(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.

Let's keep the facts clear: why has a company like Bosch invested in IOTA? Why many big players are collaborating in the data marketplace with IOTA in order to study how the solution could fit their need?
Maybe the project will be successful, maybe not, but at least here we have real companies who are taking it seriously and trying to cooperate, which makes IOTA more serious than 99% of other crypto currencies. So this is not the typical pump and dump coin, but rather a long term project.
It was already told that it will be decentralized in the future when the solution will be stable and the security flaws have been fixed.
There are still some issues with transactions and the wallet, but this project is the most promising along with Ripple.


Sure it is possible that you can measure the likelihood of success of any project by the number and kind of BIG companies that are interested in such project and the extent to which they are investing in such project; however, in the crypto space (and even in the concept of valuing decentralization), some of the involvement of BIG companies could be a bit of a distraction or even a counter-indicator.

I am not saying that you are wrong about giving weight to such BIG company involvement, but I doubt that BIG company involvement causes any kind of slam dunk regarding the extent to which individual investment would be a good idea or even the timing or the fact that individual investment could still get caught on the wrong side of a pump and dump situation that is not as fundamentally strong as might be presumed by the mere involvement of BIG company money.
12-28-2017 07:38 PM
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SamuelBRoberts Offline
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Post: #127
RE: IOTA Thread (First Non-Blockchain Coin)
(12-28-2017 07:17 PM)Giacomo Casanova Wrote:  Let's keep the facts clear: why has a company like Bosch invested in IOTA? Why many big players are collaborating in the data marketplace with IOTA in order to study how the solution could fit their need?
Maybe the project will be successful, maybe not, but at least here we have real companies who are taking it seriously and trying to cooperate, which makes IOTA more serious than 99% of other crypto currencies. So this is not the typical pump and dump coin, but rather a long term project.
It was already told that it will be decentralized in the future when the solution will be stable and the security flaws have been fixed.
There are still some issues with transactions and the wallet, but this project is the most promising along with Ripple.

See? If Giacmo thinks this way, odds are a lot of other people do.

Is he wrong? Well, I think so, but his money is just as good as everybody else's, right?

So which is the smarter move? Spend two hours writing a well-sourced, detailed post about why he's being ridiculous, or buying some IOTA and then turning around and selling it to him and his fellow believers for more than you paid for it?



JJG: No, I'm not in IOTA right now. I don't like high caps as a general rule.
12-28-2017 07:51 PM
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JayJuanGee Offline
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Post: #128
RE: IOTA Thread (First Non-Blockchain Coin)
(12-28-2017 07:51 PM)SamuelBRoberts Wrote:  
(12-28-2017 07:17 PM)Giacomo Casanova Wrote:  Let's keep the facts clear: why has a company like Bosch invested in IOTA? Why many big players are collaborating in the data marketplace with IOTA in order to study how the solution could fit their need?
Maybe the project will be successful, maybe not, but at least here we have real companies who are taking it seriously and trying to cooperate, which makes IOTA more serious than 99% of other crypto currencies. So this is not the typical pump and dump coin, but rather a long term project.
It was already told that it will be decentralized in the future when the solution will be stable and the security flaws have been fixed.
There are still some issues with transactions and the wallet, but this project is the most promising along with Ripple.

See? If Giacmo thinks this way, odds are a lot of other people do.

Is he wrong? Well, I think so, but his money is just as good as everybody else's, right?

So which is the smarter move? Spend two hours writing a well-sourced, detailed post about why he's being ridiculous, or buying some IOTA and then turning around and selling it to him and his fellow believers for more than you paid for it?



JJG: No, I'm not in IOTA right now. I don't like high caps as a general rule.

What is the meaning of "high caps" in this context?

Are you referring to market cap or something related to how much money you need to get in or something else?

Regarding market cap, there are a whole-hell-of-a-lot of cryptos that seem to be in the stratosphere of evaluation with regard to their market cap, so any analysis of market cap as compared with fundamental value would seem to need a decent amount of contextualization in order to attempt to make such indicator meaningful in and of itself.
12-28-2017 08:04 PM
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SamuelBRoberts Offline
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Post: #129
RE: IOTA Thread (First Non-Blockchain Coin)
(12-28-2017 08:04 PM)JayJuanGee Wrote:  What is the meaning of "high caps" in this context?
Are you referring to market cap or something related to how much money you need to get in or something else?
Market cap, yes. I just don't like trading stuff with high marketcaps.
12-28-2017 08:12 PM
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semibaron Offline
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Post: #130
RE: IOTA Thread (First Non-Blockchain Coin)
Read the following article before the next FOMO starts. FOMO will probably start around mid-end of Q1.

https://medium.com/@iotasuppoter/why-kee...e8a74cf2ee

My guess for what Q is going to be: Jinn, the long-awaited ternary processor.
(This post was last modified: 01-03-2018 11:17 AM by semibaron.)
01-03-2018 10:58 AM
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Valentine Offline
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Post: #131
RE: IOTA Thread (First Non-Blockchain Coin)
IoT Chain (ITC) is popping off. It's the "IOTA of China", up 400% for the week and cracked the top 100 now. Strong team and have a working prototype, looks like it'll compete well with VeChain and IOTA.
01-03-2018 04:39 PM
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semibaron Offline
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Post: #132
RE: IOTA Thread (First Non-Blockchain Coin)
(01-03-2018 10:58 AM)semibaron Wrote:  Read the following article before the next FOMO starts. FOMO will probably start around mid-end of Q1.

https://medium.com/@iotasuppoter/why-kee...e8a74cf2ee

My guess for what Q is going to be: Jinn, the long-awaited ternary processor.


To be honest, the performance of IOTA was quite disappointing so far and the momentum seems to be gone. I'm still very bullish on it for the next years to come, but don't see it to spike crazy anytime soon. Maybe by the end of 2018. Some wise man (W. Buffet) said: "we like pessimism because it creates cheap prices".

At least we are going to know what Q is going to be. On June 3 they will give out details on it.

https://qubic.iota.org/

It was already stated that it will be combination of Oracle's + Smart Contracts + Distributed Computation on the IOTA DLT. Hopefully we will see how all those things such as ternary base, Jinn, Curl etc come in to play.
05-24-2018 11:53 AM
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semibaron Offline
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Post: #133
RE: IOTA Thread (First Non-Blockchain Coin)
As the whole crypto scene is in kind of a bear market, I believe the tremendous progress made by the IOTA Foundation isn't mirrored by the current price. In my opinion, IOTA will be the first Distributed Ledgers Technology (DLT) that will be used in real world use cases. So, here is an incomplete update about the current status of the project. Further information can be accessed in the IOTA All-in-one hereThread.

2018 is mainly dedicated to build the IOTA foundation into a proper organisation. A big achievement was the incorporation of the IOTA foundation as a fully regulated non-profit organisation in Germany (Company No.: 3416/1234/2; EU public ID number 500027331119-04) with its own bylaws. This means the IOTA foundation, unlike most other crypto projects, is properly governed by a true board of directors and supervisory board. Especially the supervisory board is filled with extraordinary individuals. The whole team is introduced here.


[Image: Supervisory_Board.png]


LinkedIn:
Johann Jungwirth (Volkswagen - CDO)
Rolf Werner (Fujitsu - Head of Central Europe)
Richard Soley

More high-profile advisors:
Anes Hodžić (Airbus - Vice President)
Michael Nilles (Schindler - CDO)
Klaus Schaaf (VW - former Research Director)


Currently, the team at the IOTA foundations consists of 70+ individuals (not everyone is listed yet) and it's still growing. The board of directors announced the target of 100 members by the end of the year. A glimpse on job openings can give us an idea in which area IOTA might possible grow.


[Image: Open_positions.png]


Not only the IOTA foundation has been formed, but also partnerships for real world use cases have been signed. Here a short selection of important partnerships, most notable the VW Cebit 2018 showcase. A more exhaustive list of partnerships can be found here.






Investment by the Bosch VC arm in IOTA. This is especially interesting when considering the development of the IOTA own Jinn processor (1 & 2) and the fact that Bosch builds a new semiconductor fab in Dresden. Obviously it's speculated that Bosch is going to produce the Jinn processors.

[Image: Bosch_VC.png]


Taipei (Taiwan) Smart City project

[Image: Taipei.png]


Last but not least, the IOTA Ecosystem starts to flourish. There are already 139 registered community projects and the IOTA Foundation has setup a Ecosystem Fund of ~20m$.

As I said before, I believe IOTA is going to be practically everywhere in two to three years from now. In the short term, however, IOTA price will definitely decided by Bitcoin movements and nobody knows where it's going to swing.
08-02-2018 03:02 PM
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Post: #134
RE: IOTA Thread (First Non-Blockchain Coin)
The main concern is still about the tangle not working properly, coins getting lost, transactions which need to be reattached manually and the fact that they weren't able to deliver a flawless wallet despite 6 months of delay. Not many progresses apart from the partnerships that could always expire if the team won't be able to deliver.
08-02-2018 05:03 PM
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semibaron Offline
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Post: #135
RE: IOTA Thread (First Non-Blockchain Coin)
(08-02-2018 05:03 PM)Giacomo Casanova Wrote:  The main concern is still about the tangle not working properly, coins getting lost, transactions which need to be reattached manually and the fact that they weren't able to deliver a flawless wallet despite 6 months of delay. Not many progresses apart from the partnerships that could always expire if the team won't be able to deliver.


1. Tangle not working:
There was/is an attack going on for the last 2 months with a massive side-tangle. After a couple of new node updates, the network got finally fixed yesterday.

2. Coins lost:
Not even 1i got lost because of software bugs. If anyone lost coins, then it happened because of own stupidity like using an online seed generator or not using the wallet correctly.

3. No more manual reattachments since already 2-3 months:
Look point 4. Also the concept of reattachments doesn't exist anymore. They use a new approach called promoting. Last, even promotions aren't need anyone as the transaction confirmation rate is 95%+ thanks to a new tip selection algorithm

4. Wallet:
The new Trinity Wallet is out since 2+ months. Does auto-promotions for you and is probably the nicest wallet out there. A desktop client is currently undergoing a security audit through a third party and should be released within the next 1-2 months.
(This post was last modified: 08-02-2018 11:37 PM by semibaron.)
08-02-2018 11:29 PM
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semibaron Offline
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Post: #136
RE: IOTA Thread (First Non-Blockchain Coin)
(08-02-2018 03:02 PM)semibaron Wrote:  Investment by the Bosch VC arm in IOTA. This is especially interesting when considering the development of the IOTA own Jinn processor (1 & 2) and the fact that Bosch builds a new semiconductor fab in Dresden. Obviously it's speculated that Bosch is going to produce the Jinn processors.

[Image: Bosch_VC.png]


There is a small, but very significant update on Jinn. Dominik Schiener, one the directors of the IOTA Foundation, dropped this on Discord.

Quote:dom - Today at 3:04 AM no, we do not work with Bosch on Jinn

That's excellent news as the Dresden semiconductor fab won't start producing anything before 2021. In return, this means that there is a high possibility that Jinn processors might come out already in 2019 or 2020.
(This post was last modified: 08-04-2018 09:13 AM by semibaron.)
08-04-2018 09:12 AM
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redbeard Offline
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Post: #137
RE: IOTA Thread (First Non-Blockchain Coin)
IOTA is trash and the only reason you should buy it is if the technicals look good and you're looking for a quick pump and dump.

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08-04-2018 03:59 PM
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Post: #138
RE: IOTA Thread (First Non-Blockchain Coin)
There are huge complains about confirmation time being very long and the success rate of the transactions still below 30%. The network is still not stable. The exchanges are constantly closing deposits and withdrawals, which is creating opportunities of arbitrage.
How could entreprises adopt something which is not working flawless?
The fact itself that you should generate by yourself a seed is an indicator that the technology is still not ready.
Few days ago the founder of Iota said "fuck the market" in response to a question about the price. Is it a normal behavior when you have a coin with 2B$ market cap and investors of any kind including big corpo? The foundation also pays salaries and finances business development in IOTA.
In fact today the reaction of the market is a -20%. Those people are totally amateurs in terms of business. Good idea, but still very overvalued coin.
08-08-2018 06:07 AM
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semibaron Offline
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Post: #139
RE: IOTA Thread (First Non-Blockchain Coin)
08-08-2018 07:16 AM
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semibaron Offline
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Post: #140
RE: IOTA Thread (First Non-Blockchain Coin)
Didn't believe they would come out of this again. They gave an actually grown-up response to the leak.
08-08-2018 07:27 AM
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semibaron Offline
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Post: #141
RE: IOTA Thread (First Non-Blockchain Coin)
[Image: flyer-proof-of-concenpt-industrie40-audittrail.pdf]
Source: https://sp.ts.fujitsu.com/dmsp/Publicati...ttrail.pdf



Furthermore, the new Trinity Desktop Wallet has been released today. The days of the shitty minimum-viable-product wallet are over.
Blog post: https://blog.iota.org/trinity-desktop-be...bb81ab88a0
Website link: https://trinity.iota.org
(This post was last modified: 08-25-2018 05:11 AM by semibaron.)
08-25-2018 05:08 AM
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semibaron Offline
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Post: #142
RE: IOTA Thread (First Non-Blockchain Coin)
IOTA enters politics. Honestly, if you are into crypto, then it would be retarded not to allocate some funds into IOTA.

Presentation to OECD:
https://twitter.com/juliemaupin/status/1...58887?s=19

Panel speak at SZ-Wirtschaftsgipfel (Germany's largest Economy Summit):
https://www.sz-wirtschaftsgipfel.de/en/e.../#speakers
09-05-2018 09:50 AM
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semibaron Offline
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RE: IOTA Thread (First Non-Blockchain Coin)
Frankfurt European Banking Congress on 16 November 2018.

Here the speaker list: https://www.frankfurt-ebc.com/speakers-2018/

[Image: Capturadepantalla2018-09-10alas175221.jpg]

[Image: Capturadepantalla2018-09-10alas175241.jpg]
09-10-2018 11:02 AM
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semibaron Offline
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Post: #144
RE: IOTA Thread (First Non-Blockchain Coin)
IOTA the only DLT at this year's IAA (International Automobil-Ausstellung, world's largest automobile fair).

https://www.iaa.de/en/iaa/events/special...-2018/1063

[Image: Captura_de_pantalla_2018_09_17_a_las_17_31_06.png]
09-17-2018 10:32 AM
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semibaron Offline
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Post: #145
RE: IOTA Thread (First Non-Blockchain Coin)
Interesting Video about scaling issues of DAGs made by Radix DLT (a competing DLT).

https://www.youtube.com/watch?v=36DRDd8mh0o


Here is a reply from the IOTA Foundation

[Image: Captura-de-pantalla-2018-11-28-a-las-11-20-21.png]

Will be interesting to see if we will see true scalability or this is going to be vapourware in the end.
11-28-2018 05:22 AM
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semibaron Offline
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Post: #146
RE: IOTA Thread (First Non-Blockchain Coin)
For a long time IOTA used and still does use a centralised entity, the coordinator, to issue milestones for the purpose of securing the network.

Today the IOTA Foundation released the blueprint how to get rid of it. If anyone is interested in the technology behind DLT it might be an interesting read: https://coordicide.iota.org
05-28-2019 02:00 PM
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