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Quote from: moinyoin on September 02, 2017, 12:10:02 amQuote from: erizo on September 01, 2017, 09:48:01 pmIOTA is a new currency without mining that uses a kind of graph, called Tangle, without blockchain. It is taking a considerable volume and is practically no more negotiated than in Bitfinex. Would it be a good idea to create OPEN.IOTA and bitIOTA to take advantage of that volume in the DEX?it's new, untested, unreviewed, centralized (coordinator), not official white paper (other than general tangle paper with many issues) at this point. no incentive to run full nodes despite what they say, no real protection against spam, not a secure coin to add in any capacity to a gateway that wants to be solvent.While I agree IOTA has a long way to go until it truly matures, I'm not sure what you mean by untested. Removing the coordinator will be a big milestone and there is good reason to reserve some skepticism about things until that's complete but the network is live and functioning and has survived numerous attacks so far as I understand it. Also since the cost to send each transaction is processing two other transactions there isn't really such a thing as "spam" since every transaction serves it's function to speed up the network. Beyond all that, are there extra security concerns inherent with IOTA?If OPEN.IOTA doesn't share the challenges the exchanges have in implementing the token then it sounds like OPEN.IOTA might be a great idea. Not sure why people would shy away from storing wealth in IOTA in the context of crypto currencies, it's market cap at $1.5B in the top 10 (over 7x larger than Bitshares if that says anything) shows there are plenty out there comfortable storing value there.
Quote from: erizo on September 01, 2017, 09:48:01 pmIOTA is a new currency without mining that uses a kind of graph, called Tangle, without blockchain. It is taking a considerable volume and is practically no more negotiated than in Bitfinex. Would it be a good idea to create OPEN.IOTA and bitIOTA to take advantage of that volume in the DEX?it's new, untested, unreviewed, centralized (coordinator), not official white paper (other than general tangle paper with many issues) at this point. no incentive to run full nodes despite what they say, no real protection against spam, not a secure coin to add in any capacity to a gateway that wants to be solvent.
IOTA is a new currency without mining that uses a kind of graph, called Tangle, without blockchain. It is taking a considerable volume and is practically no more negotiated than in Bitfinex. Would it be a good idea to create OPEN.IOTA and bitIOTA to take advantage of that volume in the DEX?