So the teacher gave his job to his students is not smart. It's a stupid bad and lazy teacher. The students will agree to give each other the best mark. A network need assurance too and how can it have it without proof?
Machines having zero transaction fees won't have their own funds. So they could have the AI, the free transaction available but they can't pay for anything still without a human allowing them access and permission.
The thing you talk about at 7:00 is actually freaking me out. If we take a look at how Artificial Intelligence and how its developing and IOTA just perfectly fits into how machines can interact and trade with each other, this could be another step on the way of the domination of machines
Please somebody explain me i am new at this and already i have some issues...So..i was buying IOTA i buy at lowest point than i sell it above of middle band and the problem is when i sell it they give me a smaller amount of BTC value than i was buying it..i buy it with 27 us dollars in BTC value and when i sell it they give me 25 us dollars in BTC value why is that happened please explain me??? and i must say again i sell IOTA for bigger amount??
Do you think it makes sense to buy IOTA and DAC now? There are not many use cases yet and the currencies can have an inflation because more coins can be produced.
So this means the value won't increase a lot, right?
Can IOTA be Used in running a virtual transaction system between Al?
making an assumption, like JARVIS Controlled house of IRON MAN, can it be the currency to advanced structures or facilities , where an AI runs an entire facility using various machines and these various machine works just like employed workers in a facility ?
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It's a cool concept but robotics/automation is not there yet for mass adoption and so is quantum computing. The practical use for IOTA would be not machines buying stuff but digital systems (things/apps/services etc) exchanging data and resources between each other and being paid for it. My question is: with both core technologies of IOTA - IoT & quantum computing in their embryonic development stage, what is the practical use of the token today? Bonus question: how can it be developed and tested with no core technologies in place?
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Hey guys, i'm a poor student from spain with no money. I want to start investing in iota because i think it will have a bright future, but i have no money. I will be so grateful for every iota you helpful guys will send me!! :) Thanks in advance guys!! :) JZYYVFPBGFVWKRQXEPRXTJNAGIZFSAZKDKBYRZZLRDDVQYPEADWCMLFPHLZDOEGSVASS9AMWYICBURQFCRZUKXB9KB
If transactions on IOTA Tangle are free how will they make money?? Additionally, if there are 2 QUADRILLION tokens (and there are, that's why they trade as MIOTA "millions") how much can a token be worth? Further, what utility does their coin have if not to pay for transactions on their FREE Tangle Network???? These are valid questions I cannot seem to find answers to???
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You cannot brute force sha256 ... it has been said it would take a billion trillion years to brute force sha256 and quantum computing may allow to to brute force the encryption in 3 trillion years. Nothing to worry about.
2.7 million billion IOTA mean if each IOTA transaction has value of only one USD cent, the value of the whole ecosystem is 27000 billion USD, maybe equal the entire US economy 10 years from now. Does the number means to be ready as payment system for IoT world. Maybe 1/100th that number is enough
Seems great on paper, but their website is a joke, there is a clunky and seemingly unreliable wallet & the coins are mostly stuck in exchanges with no ability to send. There are no answers to any questions and poor overall communication from the IOTA team. I'm regretting have bought any, seems to good to be true...
So it's the new Bitcoin killer until we end up with Bitcoin IOT, a fork of Bitcoin which distributes tokens/coins in a better way?
Sure it's interesting with IOT but I don't really see the need for machine paying another machine. A machine could already be programmed to send Bitcoin to another machine.
And a machine only needs to communicate with another machine it doesn't really need to send payments. With lightning we get close to 0 fees but with alot of security behind it as well.
Someone will probably find a major flaw with IOTA. For example why would I not correct my friends tx in such a way that he benefits from it in some way?
Maybe you would correct tx in a bad manner to reduce circulation of coins. Well there is many potential flaws to be found.
We find out new stuff about Bitcoin still, Asic-boost was not that long ago, a way to game the system. Now imagine this confusing system without a blockchain?
Ethereum's smart contracts are only as smart as they are written. Most people don't even understand these smart contracts. Even Vitalik Buterin fell for the smart contract (DAO).
I have nothing against IOTA, I feel like it's very interesting indeed. So please try and convince me over.
Edit: Great video Michael, I would like to hear more from you on this topic! What I dislike the most is that it's insta mined (idk how to explain it better).
8:58 Looking at the chart makes me depressed/angry at myself for not knowing about crypto earlier. All of those are worth a lot more now. Bitcoin was $2529, now it's $17k. Litecoin was $29, now it's $330. dash was $164, now it's $1360. I would've been a multi-millionaire.
IOtA on the IoT will releave all works/services from people.. It could be great.. It could be the freedom of mankind.. You could do whatever you want to do.. You wouldn't even need any currency..
You are scared about the AI's not the Iota itself..
I thought the same thing with regards to the Terminator. Ha ha I'm not sure why a computer would consider a piece of software valuable like people do with useless stuff (for example diamonds, almost completely useless) but because of feelings people want them and assign value to them. Computers don't have this "flaw" so I'm not sure how transferring useless data would be of value other than a way to control humans which assign an emotion to useless stuff. Anyhoo, I thought it was amusing you thought the same Terminator like scenario could occur. Thx for the insight and analogies!
If they verify each other they could verify fraudulent movement knowingly or unknowingly. They could he tricked because the whole system doesn't communicate. In your example it would go like this: The students grade each other much better then they should be. They can do this just enough to be better but not enough to raise suspicion. They could each just grade themselves one grade better then they are. The grade would get written down and stored forever. So next time the teacher let's the students decided each others grade they can all give each other a better grade then they have given last time because it wouldn't raise suspicion because if the teacher were to check the books he would discover the students have only improved by one grade. If the students do this again eventually some students will have much better grades then they should have. The only way to resolve this issue is by having the teacher check all homework and see if the students gave each other the correct grading. In total this would take more time then having the teacher check from the start.
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