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Showing 9 of 9 results by SergioOliva2018
For example, security researcher Nicholas Weaver from UC Berkeley wrote that the IOTA team were drooling idiots in a tweet on Sunday
Interesting, what makes researchers of his level use such words? The words only show lack of other arguments and don't help him to keep good reputation among other researchers...
True. That only makes him look like a drooling idiot. I am amazed to see that IOTA has driven some of those academic researchers crazy and lose their self-control. They looked like trolls and talked like trolls. So they are trolls.
Bifinex is not accepting new users for awhile. And now Binance is not accepting new user registration! They say Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused. at the support section.
It looks like new users neither can buy IOTA nor sell it.
That is not a good situation. Can it be listed on stable american exchange? Kraken.com for example?
It looks like new users neither can buy IOTA nor sell it.
That is not a good situation. Can it be listed on stable american exchange? Kraken.com for example?
The ripples marketcap is almost half of the bitcoins marketcap. It made me to think that not only #2 spot is shakable but also the #1 spot.
Number 1 place is shakeable. But it will take a decade to get there with right development strategy. Also the single fact that institutional investors (american funds) not long ago started trading with the Bitcoint points out that the marketcap will double, triple and quadriple in the course of 1 year or so. IOTA needs to get on the good side of FCC by implementing better security in near future.
I didnt mean only IOTA has the chance to take over bitcoins #1 spot. I meant any coins have the chance based on todays trend as long as they do it right. I dont think it will take a decade. Again, based on todays trend it could happen in a couple of years.
IOTA is different from this prospective, the number of transactions per second is unlimited. As long as other factors are covered (such as security holes, trust by users to dev team, bug fixes with the second transaction erasing first unconfirmed transaction, etc) this coin has a bright future. But there is also possibility that developers wont improve it and some other better coin with frequent transaction scalability comes out and IOTA will loose momentum as the result.
not all blockchains have that weakness, only those forked from BTC. Take a look at the sky coin whitepaper. In theory it should be able to scale. Not tested though.
The ripples marketcap is almost half of the bitcoins marketcap. It made me to think that not only #2 spot is shakable but also the #1 spot.
Number 1 place is shakeable. But it will take a decade to get there with right development strategy. Also the single fact that institutional investors (american funds) not long ago started trading with the Bitcoint points out that the marketcap will double, triple and quadriple in the course of 1 year or so. IOTA needs to get on the good side of FCC by implementing better security in near future.
I didnt mean only IOTA has the chance to take over bitcoins #1 spot. I meant any coins have the chance based on todays trend as long as they do it right. I dont think it will take a decade. Again, based on todays trend it could happen in a couple of years.
IOTA is different from this prospective, the number of transactions per second is unlimited. As long as other factors are covered (such as security holes, trust by users to dev team, bug fixes with the second transaction erasing first unconfirmed transaction, etc) this coin has a bright future. But there is also possibility that developers wont improve it and some other better coin with frequent transaction scalability comes out and IOTA will loose momentum as the result.
The ripples marketcap is almost half of the bitcoins marketcap. It made me to think that not only #2 spot is shakable but also the #1 spot.
Number 1 place is shakeable. But it will take a decade to get there with right development strategy. Also the single fact that institutional investors (american funds) not long ago started trading with the Bitcoint points out that the marketcap will double, triple and quadriple in the course of 1 year or so. IOTA needs to get on the good side of FCC by implementing better security in near future.
Ive read it can support a lot. As of today 180 transactions per second have been tested. This DAG algorithm is amazing and it has huge potential.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoins fame.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoins fame.
I agree with you, in the industry where safety is put on the first place, to have such a problem with a purse, there is already a huge minus. (
Probably not all people know about this, because the interest in IOTA is still great.
If you cant trust the developers to uphold the fundamentals of crypto, specifically immutability and security, then you shouldnt invest a single cent into the project. Once that trust is broken, its Likely never to return. With that said, it seems like a few people feel burned, but conversely 1000s of other investors have absolute trust in the teams principles. You can draw your own conclusions, but please ask yourself why iota has a $10Bil market in less than 2 Years and attracted top-tier talent in the field. To scam you? From what I have gathered, Its not about money with people like Dave and CfB, its about ego and reputation not nickel and diming people $1000 at a time.
Trust has nothing to do with ability of getting profit from this coin. The incident affects bottom line of the IOTA price for sure. But this doesnt mean that a cant get couple of dollars extra on untrusted currency. Sure, it becomes more risky investment. But it can be still leveraged as investment. I also think it is possible to repair trust by chaning the ways this cryptocoin works over the course of many years. This is a matter of support of this project by talanted developers and their wiliness for improving.
Ive read it can support a lot. As of today 180 transactions per second have been tested. This DAG algorithm is amazing and it has huge potential.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoins fame.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoins fame.
I agree with you, in the industry where safety is put on the first place, to have such a problem with a purse, there is already a huge minus. (
Probably not all people know about this, because the interest in IOTA is still great.
Hi, tired to get an explanation from telegram, but the fact is that it is to fast to get a real answer.
So i downloaded 2.5.6 and successfully sent 1.5 MIOTA from my binance account to my wallet. I attempted to send one i (by mistake, I believe) back to Binance but it never confirmed. Im assuming it might not have confirmed because the value .000001 MIOTA is too small to be processed by binance. With this transaction pending, I tried to send .5 mIOTA to a telegram user. I was either getting a private key reuse error or a network error. I confirmed that I was (a) connected to a healthy node (b) that my receiving seed was attached to the tangle (c) and I rebroadcasted (and the other function on the history page) the transaction.
My only hypothesis is that I froze up the sending seed and another transaction can not be executed until the intital transaction of .000001 iota confirms, which it never will because of my perceived limitation of binancs wallet. So is my test Address now useless? Can someone assist with this? Also, this is a principal reasons for doing test runs with new things of very small amounts of crypto!
Binance account is no good for testing. This exchange has constant Network Congestions with IOTA transactions. I dont know their reasons for that. May be their server is not keeping up with all other cryptocurrencies. So i downloaded 2.5.6 and successfully sent 1.5 MIOTA from my binance account to my wallet. I attempted to send one i (by mistake, I believe) back to Binance but it never confirmed. Im assuming it might not have confirmed because the value .000001 MIOTA is too small to be processed by binance. With this transaction pending, I tried to send .5 mIOTA to a telegram user. I was either getting a private key reuse error or a network error. I confirmed that I was (a) connected to a healthy node (b) that my receiving seed was attached to the tangle (c) and I rebroadcasted (and the other function on the history page) the transaction.
My only hypothesis is that I froze up the sending seed and another transaction can not be executed until the intital transaction of .000001 iota confirms, which it never will because of my perceived limitation of binancs wallet. So is my test Address now useless? Can someone assist with this? Also, this is a principal reasons for doing test runs with new things of very small amounts of crypto!
How many transactions IOTA network can handle per seconds? What about the scalability issue? Did dev iota stress test the network?
Ive read it can support a lot. As of today 180 transactions per second have been tested. This DAG algorithm is amazing and it has huge potential. On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoins fame.