Quote from: 50cent_rapper on January 11, 2017, 01:42:34 PM

Quote from: SatoNatomato on January 11, 2017, 01:40:40 PM

Quote from: BiTrading on January 11, 2017, 11:30:06 AM

Quote from: SatoNatomato on January 11, 2017, 09:32:43 AM

Quote from: John_Paul on January 11, 2017, 01:17:58 AM

Quote from: SatoNatomato on January 10, 2017, 03:05:14 PM

You still didnt answer my question though, there is no incentive for a corporation to connect to your nodes and use your tangle, instead of making their own.

This can be a general question for all cryptocurrencies such as bitocoin and ethereum. The main advantage for public crypto network like bitcoin, ethereum and iota is their lower cost and higher efficiency when comparing to their private counterparts. For instance, the payment/tansactional settlement cost and data storage cost can be much cheaper in a public network than a private network. The entry barrier in a public network is much lower than a private one. Lower cost and higher efficiency can be translated into profit which is the ultimate goal for the companies.

That is why many people believe that the private blockchain (blockchain/bitcoin without coins ) will not work because it will lose the advantage of lower cost. Whence a company loses the advantage of lower cost it will lose the competition in the marketplace. Maybe in the future the private chains and public chains will co-exist. But public chains will still be the dominant force in the market simply because they are cheaper and more efficient, maybe similar to today's internet and intranet.

There are differences to bitcoin and etherun vs Iota. Bitcoin/Ethereum have PoW, which cant be easily reproduced, but Iota has no such thing, it can easily be cloned, and tokens distributed at will. Bitcoins are generated, so cannot be distributed without investing alot of time or hardware up front.

Security is an issue on public networks, connecting any of your systems to the internet is opening it up for abuse and dealing with those extra costs. Private networks, firewalls and all-things internal-to-enterprise servers exist for this reason. The entry to public is higher than private.

Your argument is true for blockchain based PoW systems where distribution happens over time, but not for Iota.

ALSO, IOTA is reddit.com/r/bitcoin full of censorship and groupthink, it wont succeed because of this close-minded, authoritarian approach to criticism and questions.

so if you want to make it happen support Iota by setting up an active node.

BYTEBALL https://bitcointalk.org/index.php?topic=1608859 doesnt have the dumb problem of finding other nodes by using proprietary slack service to talk to people and then a month later fail to have a working node because people shut off their "nodes" for a while.

Iota doesnt even have a peer-to-peer network. Iota as it is cannot even work over Tor. Byteball can.

Why in hell you will run IoT-device over Tor Huh

Please do not post drunk! Roll Eyes

Oh no, I thought of a use-case which was not blessed by the developers/Iota-foundation members, shame on me, I will now go and cry.