Quote from: AltcoinScamfinder on March 13, 2016, 06:21:06 AM

Quote from: hashtag101 on March 13, 2016, 04:26:26 AM

As many of you know, durerus came up with a really great idea, by offering to pay a bounty for an easy to understand explanation of details about Iota.

He encouraged others to join in, and many of us did.

Here is the original quote.

Quote from: durerus on March 12, 2016, 11:23:21 AM

I pledge 1000 IOTA (payable after launch) for a short description understandable for the average bitcoiner of

1. how and why consensus in IOTA works
2. how and why it solves scalability
3. why zero fees are possible

We could post this on reddit etc.

Feel free to add IOTA to the pledge, if you think this is important.

I added that the bounty should also include:

4. Information on Iota being quantum resistant, and also

5. An analogy of how the Tangle works

Quote from: hashtag101 on March 12, 2016, 11:30:46 AM

Everyone should add at least a small amount to this.

I'm pledging 250 Iota

Also, what makes it quantum resistant, and how that works. I feel this should be written in a way that is easy to understand.

Maybe someone can come up with a simple analogy that helps to explain how Tangle works?

Maybe add none of these things, just things we can think about.

Great effort. I would pledge more, but Im no whale, and want to support other efforts as well.

tolstoy bolded my suggestion, and came up with the idea that the bounty would include

6. An Infographic

Quote from: tolstoy on March 12, 2016, 03:19:35 PM

Yes, this is important. We should also make this visual ("a picture is worth a thousand words").
I pledge 999 IOTA for funding the infographic.

Here is a list of those who have pledged so far:

Durerus- 1000
Hashtag101- 250
Yassin54- 1000
Barbierir- 100
Rdanneskjoldr- 1000
Rtrtcrypto- 7500
Tolstoy- 999
Bizz- 1000
Timeline- 250
Jabbawa- 250
Anewafresh- 400

I guess my only question, is if we get more than one submission in which they complete all 6 criteria, does it go to a community vote then?

I pledge 10.000 IOTA, Will deposit to Yasson or other escrow when IOTA goes live. Can sign with BTC key owning 5+ million IOTA I am also willing to pledge BTC for production of a high quality video explaining IOTA. see. Ethereum, or Lisk video. IOTA is a game changer and I want to support knowledge.

Also, if you want to buy IOTA, I pledge 5% of the NXT from sales to this purpose or the IOTA foundation. https://nxtportal.org/assets/9953479440232196730

Interesting. Didn't know that there is a IOTA foundation. Who is running it?

Looks like easy explanations of the basics are of high demand, since so many others pledged too. But sadly nobody volunteered so far. Maybe 6. Infographic is too intimidating, because it requires graphic skills.

I (maybe others too) will also pay my 1000 IOTA to the guy who makes a start in trying to answer the first 4 questions and finishes the text with the help of the community. Try it! Don't be afraid of looking stupid! Seems like even big investors don't know yet how IOTA really works Wink