/biz/ - Business & Finance

6$ todayyyyyyyyyyyyy

>>4988528
the fact it can keep rising after non stop fud is impressive

so it completely disintegrates when coming down?

>>4988614
>Non stop fud
Pol never stopped.

>>4988703
IOTA fud isn't mainly originating from /pol/. Sure, they have some fun with the intelligent refugee cities (top kek). But that's about it. No. IOTA fud goes way deeper into the dark realms of crypto town...

>>4988528
10 dollars in 3 days. Screenshot this.

Dead serious.

...having said that.
ALHHAAAHHH AKBURR!!! $6 DOLARRY TODAY!!! AND 72$ DOLARRY IN SWEET AFTERLIFE!

Nice, just sold 100k

I want IOTA to hit 10$ so I can take mine out of Bitfinex

>>4988528
$15 by EOY

>>4989633
15 is its end of life cycle. Enjoy pumping and dumping along the way while the retards that dont consider the market cap hope its the next monero or some shit like that.

This kills the IOTA

>>4990244
just because siding with the underdog gives you a cosy feeling, doesn't mean that it will make you fucking rich in the end

>>4988528
Space Shuttles don't fly to the moon, you dork. They orbit a while and come back down. Perfect analogy actually.

>>4990309
Better than siding with a shitcoin with no working product

>>4988528
I bet 75%+ of you here don't even know what a DAG is.

And nobody investing in IOTA understands its limitations

>>4990384
a directed acyclic graph, so hard to understand...

>>4990411
Why might a DAG be an issue applied to blockchain-like tech

Can somebody tell me about Iota please? Why is it better than any other crypto-currencies? Is it still anonymous if you have common sense? What's the difference between Iota and BTC for example? What does FUD mean?
I don't even want to invest I just don't understand the whole thing about "better" or "worse" and I'd like to see things well explained, thanks in advance guys ._.

>>4990451
its for when you fridge wants to buy data / electricity / whatever the fuck off of your toaster

its so they can automatically spend your fuckin money without you realising it

no shit - this is genuinely what IOTA is and its retarded. I dont care though im riding it to the 10 dollar crash

>>4990450
honestly, I'm not sure what you've got in mind. Why not tell us? In a blockchain you have a single "link" to a predecessor, while with the tangle you have two, to two preceeding transactions... now what?

>>4990506

no shit- you genuinely are this retarded

IOTA is not for use by humans, dickbrain

>>4990205
Oh, your calculations indicate an end of life cycle value for Iota..... Damn man... that is some really fucking brilliant analysis you did there. Enjoy watching this exit the atmosphere by end of year.... Iota is going to look more and more distant to you every day that you sit there....

>>4990506
>and its retarded.
unless you're a poo from some shithole loo, chances are you've already got an "intelligent" energy/power consumpotion counter installed in your house. Is that retarded too?

>>4990505
>predecessor
This word right here makes no sense in a DAG, that's why it's a major issue.

The nature of a DAG runs completely counter to the fundamental use case of blockchain: to provide accounting of who owns what, what process went where, and at what time.

In any function in which the order of time matters, DAGs are completely incapable of handling its accounting. This goes for essentially all smart contracts and many payment functions.

DAGs are very very limited use case because their very nature is time-agnostic

>>4990526
>IOTA is not for use by humans, dickbrain

Refugees are not humans, I agree.

>>4990549
Learn about the market cap please - 10 dollars is generous.

>>4990526

The only people using it right now are humans.. the only example of real world IOTA cases is when true artificial intelligence arrives .. and even then why IOTA?

>>4990550

Yeah but im not paying for my fridge company to buy data off of my toilet am I

>>4990568
>DAGs are very very limited use case because their very nature is time-agnostic
Okay, that's a valid argument. How does IOTA approach the issue? Surely they must be augmenting that DAG (in one way or another) to have the needed degree of time-linearity? I mean, starting on *any* node, you can simply decend its child nodes and come to the correct answer at any given point in time?
Granted, I haven't read to deep into IOTA's whitepaper(s) yet, so I'm not really sure. A major point is that you can do a subtree of the tangle "offline", and reattach it at some later point, right? That sounds neet, but I also see many potential problems there, in case stuff in that sub-graph isn't properly isolated... ugh..

>>4988691
The space shuttles always landed retard except challenger

>>4990635
>but im not paying for my fridge company to buy data off of my toilet am I
that was not my point. So what happens at your home? You still got one of those old counters, and once a month (or what not) some dude from the electricity company comes by to manually read the counter, write it down in his book, and then you'll get a bill some days later, only to find out that son of a bitch wrote down the wrong number and now your bill is way too fucking high again?

>>4990680
Since you seem like a rational person I'll give you the short version

Bitcoin is secured by miners giving up processing power (POW). IOTA uses POW as well, but the work is done by the nodes of the tangle.However, IOTA's hash rate (amount of POW) is only a tiny fraction of that of Bitcoin, and it also fluctuates, sometimes dipping really low because the nodes don't pump out steady work. This means that an attacker can easily take over and fork the network by surpassing the hash rate of the network at any given time. If they wanted to solve this, they'd have to increase the hash rate - and since the nodes of the tangle are the ones doing the work, it would mean that they would have to do the same amount of work as bitcoin miners are doing now. Which would slow the network to a crawl.

IOTA is the same as bitcoin, it only moves the POW problem to the nodes instead of miners. That's why they need the coordinator - bitcoin would need one too if its hash rate was as pathetic as IOTA's.

>>4990810
okay, I understand that. The argument here is that IOTA needs a minimum size to become strong enough, s.t. it can do without the coordinator currently needed.
Two questions then: a) is this indeed the case? Will IOTA (theoretically) become secure once it reaches that critical size of its network? and b) how large is that critical/minimal size, and will IOTA ever come anywhere close to it? Given it targets the IoT market, the latter part doesn't seem so unlikely, should it be able to win over its competition.
Again, I have to dig in a bit deeper in to this on my own. Thanks for sharing your thoughts.

>>4989452
I want the iota devs to release my fucking iota.

bought 5K MIOTA at $5, how fucked am I ?

>>4990973
Even if there were billions of IOT devices around the world, they would only pump out a pathetic hash rate at best. They could never be be as strong as the miners who are geared towards pumping out huge hash rates. The devs are clinging to this "what if" scenario, even though it's obvious that it won't happen.

I dumped my IOTA bags a couple days ago. I was all-in before that. Believe me, I wanted it to be good. But I had to face the reality, the devs can't answer the critical questions and arguments.

POW is a fundamentally flawed consensus protocol, and IOTA is relying it, but not enough to make itself secure. There are better coins already out there, not using POW. See my thread about it for more >>4989447

>>4991079
>They could never be be as strong as the miners who are geared towards pumping out huge hash rates. The devs are clinging to this "what if" scenario, even though it's obvious that it won't happen.
Did they ever present any practical calculations/scenarios? Surely they can't just assume things, but work with some kind of model, in order to answer these kind of questions...

>See my thread about it for more
yeah, personally I'm no big fan of the people behind IOTA, and how they communicate/present themselves either... to me it's clear that IOTA isn't an outright scam, but the fear is that they're idealist hippsters (yes, in the spirit of refuugeees welcome), that follow their idealist dreams (socialisms works!), but once faced with reality, things start to crumble rather quickly...

>>4991264
Look, I was in the same boat as you a few days ago, rationalizing myself how this thing could still work. Read the thread, it's fairly obvious that this is a house of cards waiting to fall down

>>4991406
yeah, maybe I'll later try to get shadowbanned myself on reddet...

>>4991434
Also read the arguments I posted, and see if you can find answers to any of them.

>>4990205
>hope its the next monero
Wewly dooly lad