Quote from: child_harold on March 15, 2016, 10:01:19 AM

Quote from: LitcoinCollector on March 15, 2016, 09:33:36 AM

I think a great aspect about no mining is the environmental aspect. The 0tx is a great but I also wonder what the incentive would be to process transactions, perhaps it is already explained somewhere.

the following is the only comment I remember from the thread so far:

Quote from: Come-from-Beyond on March 02, 2016, 01:10:54 PM

Those who care about incentives should read about altruism and its role in humankind evolution. Altruism is as old as greed, and one does not simply overcome patterns coded inside our genes.

Im not sure what game theory says about altruism. I should read this https://en.wikipedia.org/wiki/Evolutionary_game_theory#Routes_to_altruism

There seems to be some confusion here:

Zero fees is enabled through the very structure of the network itself. You need to verify previous transactions when you yourself want to send iota txs, but it's such a negligible amount of PoW that you don't need further compensation. So IOTA is a self-sustaining ecosystem, unlike regular blockchains where you have a separate pool of people validating blocks via PoW or PoS who need to be compensated which manifests as a fee, IOTA instead spread the verification throughout the entire network of users.

So it's not like one of IOTA's unique selling points of zero fees hinges upon some abstract altruism (although as CfB points out empirical data from other projects plus evolution shows altruism is indeed also an effective enabler), instead it's an intrinsic part of the very architecture of the Tangle technology in IOTA itself.