IOTA update:


It has been awhile since our preliminary discussions about potential overlap and collaboration with the Bitshares community. In the past 6 months we have been dilligently developing, testing and optimizing the world's first blockless blockchain with zero fees for IoT, but our vision for unifying the different ledgers is just as strong as it was back in late 2015.

If anyone from Bitshares is still interested in discussions about collaboration, let us know, and check out the new website www.iotatoken.com

Just letting everyone know that there's 2 days left of the 'Early Adopter' period where you get 7.5% more IOTA for your btc. Like Ronny mentioned there'll be more coverage soon!

@iota I am sure this has been answered somewhere but can you please advise:

1. Once the crowfunding ends tokens will be distributed and available for trading in exchanges?
2. What is your estimation of when the project would complete and these token actually serve at something?

Thank you very much!

1. Yes, if exchanges choose to add it
2. 1-2 months, depending on whether there are any problems with testlaunch

Quote from: iota on November 25, 2015, 06:44:17 pm

Crowdsale is live https://bitcointalk.org/index.php?topic=1262688

Why would these tokens have value to encourage people to buy them? On the other hand if its a donation then I can understand.

Because it's the first cryptographical token ever that is suited for IoT, the biggest technological market in history. No it's not a donation, donations does not work, it would undermine the economy.

Crowdsale is live https://bitcointalk.org/index.php?topic=1262688

New article: https://bitscan.com/articles/all-about-iota-microtransactions-and-the-iot

Still awaiting to have convo with Dan about IOTA + Bitshares overlap

Quote from: Tobo on October 31, 2015, 01:41:19 pm

Quote from: Come-from-Beyond on October 28, 2015, 04:24:19 pm

Quote from: xiahui135 on October 28, 2015, 02:06:28 pm

If there is no mining, how can the node benifit from runing a pow node?

Benefit comes from ability to send transactions.

Quote from: xiahui135 on October 28, 2015, 02:06:28 pm

Basiclly, can you tell how many roles there and how they act and why they join.

One role. Cooperation with peers gives benefits to every participant, this is why they will join.

the motivation for parties to run the nodes is to be able to enjoy a free and efficient marketplace. The parties either have lots of data available to sell or want to buy lots of data or both. But they can't trade their data without Iota because it is either too expensive to trade these kind data in a regular market or there is no place to trade at all. Therefore, the parties will waste their data (income resources) if they don't participate (running nodes because they need to stay online all time to look for trading partners) in a marketplace enabled by Iota. That is  the motivation, namely the opportunity to make profit and money.  It is the ultimate motivation for business activities.

A not very good analogy is uber and airbab markets. Before uber and airbab, those individuals who participate in uber and airbnb could not have the opportunities to offer their services to other people to make money for themselves because there either no such kind market or too expernsive for them to offer their service in the old marketplace. But with the marketplaces enabled by uber and airbnb they can.

PS - this is why I also like Siacoin so much because Sia is building a similar marketplace for the cloud storage industry. Sorry for trying to sell your another coin.

Thanks for answering.
So Iota may be suitable for resources like  music, books or bandwidth.
And how Iota help with intermet of things? Such as a teethbruch can connect to the internet, and collect and analysis my teech health. How can Iota help in this process?

Ps: I know sia, and I am a stake holder of sia. (Not the coin, but the note)

(Please move Sia convo to another topic)

As for how IOTA can help With IoT: http://cointelegraph.com/news/115508/iota-a-blockchain-less-gasp-token-for-the-internet-of-things

Looks interesting.  Have you also looked at RaiCoin? https://github.com/clemahieu/raiblocks/wiki  They seem to have similar goals.

No, this one is new to me. I'll have a look.

As an exchange, BitShares generally needs single threaded transaction sequencing, which is abandoned in both IOTA and RaiBlocks to optimize for microtransactions.  I certainly think an offchain microtransaction could be complementary to BitShares.  Ideally a trustless integration system would be desirable, but the easiest way to get functional integration initially would just be to get IOUs for your tokens issued by CCEDK, blocktrades.us, and MetaExchange on BitShares.

This would not be possible for machine-to-machine payments on a grand (IoT) scale which needs to be as trustless as possible, Instant and automatic.