Post
Topic
Board Altcoin Discussion
Re: IOTA - Permissioned ledger Russian extortion scheme
by
kiklo
on 28/03/2016, 00:23:43 UTC
Or how about I divert the electricity from my toaster to my computer to run on the same isp that I download porn with? My point was that no one monitors the first two and the third is barely monitored and I can move to a different service whenever I feel like it. But maybe with IOT I'll need to get permission from my toaster to use its electricity, but we're on good speaking terms, so it's probably cool.

You still need permission from the Electric company to have electricity in your home.
Don't pay your light bill for 3 months, and you will see them deny you permission.  Wink

No you don't. https://www.google.com/search?q=off+grid+electricity

And beyond that there are many, many, different electric companies throughout the world, all largely equivalent in terms off the service they provide. To the extent that they are centrally controlled that is through a paper wealth system (i.e. fiat proof of stake).

LOL, you then need permission from the Credit Card company and a Shipping Company and the Hardware Reseller.
Without their permission you don't get your little toy.

 Cool


FYI:
You also needed permission from the ISP to even place the order.