Moreover, it shares all of the same properties of gold (minus its conductance, which real gold isn't being used for nowadays anyway).Īs for fees, fees are required to keep abuse in a system low. Bitcoin, on the other hand, requires a few dollars and a laptop (and in some cases, not even a laptop). People wanting to transfer millions of dollars of gold would have significant logistics costs. Likewise, you wouldn't pay for groceries at the store with gold anyway. It wasn't meant to be used to, say, pay for your groceries instantly at the grocery store. Bitcoin is intended to be a more improved form of gold. It's only appealing because you're thinking about it as an efficient means of transaction. ![]() Its technology is optimized for legitimate use-cases, not for people trying to make a quick buck. It's intended to be a piece of technology - a tool - not a money-maker. Since there is no mining and no transaction fees (outside of third party markets such as Binance, which artificially adds a fee for using their service) there is no incentive for third party actors to participate and thus much less distribution taking place.įurther, there's a reason why r/iota and r/iotamarkets are separated - the devs didn't intend for it to be an investment coin. The only other thing that'd raise its price is for people to artificially raise its price - which as we've seen generally results in a correction. IOTA/BTC, IOTA/ETH, IOTA/USDT, etc.) to rise in favor of IOTA (meaning the complementary currency must lose value). That means the only way (in theory) that IOTA will increase in price without hitting resistance or massively correcting (as we've already seen it do) is for iotas to be lost forever (analogous to how BTC's price increased when over 4 million coins were lost) or for the conversion rate (e.g. This means it's a highly volatile coin since any of the primary holders could sell off a large portion of their iotas and swing the market price downward in a very short period of time. Since it wasn't freely distributed (mined) to begin with (a process called "premining"), most iotas were handed out to a select few parties (which is referred to as "unfair distribution") - read more about that here. It cannot be mined, so the initial volume is fixed. Its purpose is to regulate requests of work between IoT devices. Posts that are not related to IOTA can be made elsewhere, e.g. This includes, but is not limited to, no: personal attacks, threats of violence, slurs, trolling, profanity, posting people's private information (doxxing). No buying/selling of iotas on Reddit (only trust the listed market exchanges) scammers may try to scam you! Report any scammers to mods here. Related Subreddits: r/IOTA / r/IOTAsupport / r/iotaTipBot / r/IOTAmemes / r/CryptoCurrency / r/CryptoCurrencies Rulesįor discussion of non-market-related IOTA topics, visit r/IOTA. ![]() Supply & Units: i./lsq4610.jpeg / i./Y6zOB5G.jpg IEN Application: goo.gl/forms/OrrXmhu1rKfy2dgp2 InformationĮcosystem Fund: /iota-ecosystem-fund-2-millionĪMA: r/Iota/comments/6hugtq/ask_us_anything IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted. Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers) rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. Scaling limitations have been removed, since throughput grows in conjunction with activity the more activity, the more transactions can be processed & the faster the network. IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency ' iota' has a fixed money supply with zero inflationary cost. IOTA is an open-source distributed ledger protocol launched in 2015 that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. For discussion of non-market-related IOTA topics, visit r/IOTA ![]() Please focus discussion on IOTA investment, trading, and market-related activity.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |