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With the IOTA Data Marketplace, will companies and organisations be able to use their own token/currency, or will they have to use the IOTA token? - Answer by David Sønstebø:
They will use the IOTA network both for data integrity as well as iota tokens for transactional payments. It would make very little sense to have a separate token for each company or each datum type, it would just be chaos.
@David: Is it possible that we can invite you to our high tech Company talking about IOTA? I think it will be interesting for both sides. - Answer by David Sønstebø:
I'll look into this for sure. Remind me on twitter as well, quite hectic AMA :) - Answer by Dominik Schiener:
Considering that this is Zeiss, I'm more than happy to do it.
Have you planned some conference in France? A really few person knows about it, and it's soooo sad.. Thanks ! - Answer by Dominik Schiener:
There will be a meetup at Microsoft in Paris on the 14th. Don't tell anyone ;)
How many transactions per second are necessary to secure the tangle in order the shut down the COO? - Answer by David Sønstebø:
There is no fixed number, however, we are doing a lot of research together with several universities with supercomputers and professors from all across the globe to get a better idea. That being said we will phase out the current Coordinator model in favor of a distributed one soonish, then finally the Tangle will be 100% independent.
Right now, what are the major pendents for the "production ready" transition of IOTA? - Answer by David Sønstebø:
Definitely more tangle algo optimization, numerous security audits, more deployments in pilots on the live network and then finally standardization of the individual IOTA components.
When do you expect IOTA to be go out of beta and be ready for mass adoption? And is there any news regarding the release of jinn? Since that is a big part of the puzzle, correct? - Answer by David Sønstebø:
This is IOTA focused, so I won't respond regarding Jinn here. As for when it is 'out of beta', that is an impossible question. All of the current distributed ledger projects (including Bitcoin which is 9 years old and Ethereum which is 4 years into it) are still in beta. Going from beta to production readiness will be an iterative process, it's kind of like asking where two overlapping inkblots begin/end, or where two clouds that are merging begin and end, it's a gradient. A gradual process. However, we believe that 2018 will put us quite close to what most would call 'production ready', at least the core layer.
Whats a use case for IOTA you are the most excited about/hope to see in the future? - Answer by David Sønstebø:
Personally, I am the most excited about the symbiosis of an open flow of secured data and fog/mist analytics done in real time. This democratization of data will pave the way for a whole new information highway, unlike anything the world has ever seen before. - Answer by Dominik Schiener:
To give you a non-IOT use case: Remittances. It's a huge market, and IOTA's ability to transact money (no matter how much) for free, is truly a game changer for remittances.
Will we learn more about the IOTA partnerships throughout December? - Answer by David Sønstebø:
Yes, however, we do not want the IOTA project to be focused around just large partnerships and announcements, at the end of the day open source projects live and day by how fertile its grassroots are. We will be focusing a lot of resources on making IOTA as developer friendly as possible
Are you completely confident that Iota will function as intended (free transactions, accelerating scalability, network security) without the coordinator? What is a rough timeframe until full and independent functionality? Do you think Ethereum will solve these same problems? Do you think their solutions will be as neat? How might a competitor improve on free, scalable, and secure? What applications are you most excited about? Are there any threats to Iota or the crypto market in general that worry you? Can this revolution be stopped? Can it be slowed? How? Modesty aside, do you believe the tangle will dominate blockchain, or is there indeed room for both technologies? - Answer by David Sønstebø:
Are we completely confident that IOTA will function as intended without the coordinator? As confident as one can be in a world full of unknown variables. We have formal proofs, simulations, tests and a lot of architectural work that makes us very confident that it will indeed.
I do not believe Ethereum can solve the same problems, simply because in order to do so they would have to revamp their entire architecture to the point where it would no longer be Ethereum, and I don't think the miners or eventually stakers would ever vote "yes" on a proposal to kill their profits after their heavy investments. Ethereum is an interesting project, but they have a tendency to make very lavish claims and never deliver on deadlines. Hofstader's law need to be kept in mind of course, it's hard to deliver on time, but Ethereum isn't even PoS yet... So in summary: I highly doubt it, but more importantly: I don't think they should. Ethereum was never meant as a transactional settlement layer.
I am the most excited about the synergy between secure data and analytics, but beyond that I am also very excited about web 3.0 applications and the Sharing Economy 3.0.
I do not think that the revolution behind Distributed Ledger Technology and permissionless innovation through decentralized technologies can be stopped. The momentum and necessity for it is simply to great.
When can we expect case studies from the companies participating in the newly released data marketplace? Do you think a positive review of the data marketplace by these companies will bring mainstream attention? - Answer by David Sønstebø:
The Data Marketplace will run for 2 months before we do thorough analytics and a subsequent case study will be released together with the participants. I definitely believe that this will bring a lot real world attention towards IOTA, outside of the typical speculator bubble that regrettably most blockchain projects exist within. - Answer by Dominik Schiener:
Together with our partners we are currently working on these case studies and concrete Proof of Concepts how the data marketplace will help shape certain industries. Our focus right now is on use cases in: Supply Chain, Mobility, Energy, Agriculture, Insurance and Health Care. We will also get some experts on GDPR involved to help write a report on the technical and legal barriers facing a distributed data marketplace.
[My great achievements shall be cast on bronze, carved on marble and engraved on wooden boards forever. When these deeds are circulated in the world, the age of happiness also come.submitted by FmzQuant to u/FmzQuant [link] [comments]
Cervantes Don Quixote]
On the occasion of the tenth anniversary of the birth of this bitcoin, I sent this sentence to Satoshi Nakamoto, paying tribute to this great era.
The clock goes back to 2008, and the world is struggling with the worst global economic recession in half a century. This extraordinary shock has caused serious trade shackles and led to the collapse of several large financial institutions. Due to the global integration and the development of various well-designed financial products, the world financial system has expanded into an interdependent, closely-knit ecosystem. The crisis has developed like a fire, and central banks and policy makers seem to be unable to do anything.
The crisis was caused by policy makers. In order to stimulate the economy, governments implemented loose monetary policies and deficit finances to stimulate residents to increase leverage and excessive consumption. Financial institutions also ignored high-risk operations and created asset price bubbles. Policy makers and supervisory authorities disregard risks, subjectively causing the lack of financial supervision and laxity; financial institutions intensified and amplified risks in order to pursue short-term interests.
Film The Big Short is drawn from the global financial crisis in 2008
The irony and helpless thing are that global policy makers tried to quickly start the economic recovery after the financial crisis, and all countries entered the era of monetary easing, and the currency issued by most countries in the world far exceeded the historical average. In this unprecedented campaign of printing money, global asset prices started a new round of skyrocketing, causing severe inflation and overcapacity. So far, it has not been cleared, and it has become an unsuccessful shackle that has kidnapped economic policies.
No one is satisfied with such a robbery policy with money in the bank enduring the actual negative interest rate exploitation. Who wants to see that money earned by his hard work is diluted by inflation? It's time to change the rules of the game and make some new attempts. FMZ
The popularization and application of computer technology and modern communication technology is the fifth information technology revolution defined in the book. It has promoted human society into the digital information age, which has brought about tremendous changes in our production and life style. We benefit from this, chatting, reading, playing, shopping, socializing, completing work and life on the Internet, killing boring and lonely time. Some excellent and great companies were born, as well as some opportunistic generations.
Those who are accustomed to the network, in the harsh content review and speech control environment, are familiar with the 404 page, which is the characteristic daily page under the authority system. An HTTP 404 error is a page that the server returns if it cannot provide information properly or cannot respond not knowing the reason when a client browsing a web page. The HyperText Transfer Protocol (HTTP) is the most widely used network protocol on the Internet. All WWW files must comply with this standard. Although the TCP/IP protocol is the most popular application on the Internet, the HTTP protocol does not stipulate that it must be used and based on the layers it supports. In fact, HTTP can be implemented on any other Internet protocol, or on other networks.
Take a closer look at the HTTP status code, not far from “404 Not Found”. We can find the “402 Payment Required” that is rarely seen is described as "for later use" and is marked as "need to pay" to access. In fact, at the beginning of network design, creators hope to provide a way to transfer value. Different from the free sharing of information, it is not an easy task to exchange value freely on the Internet. Value is not data that can be “copied and pasted”. This dream can only be shelved indefinitely, and it is marked as "for later use". The problem is left to those who have enough wisdom to solve. FMZ
The seeds of the cryptocurrency have been planted early. In the 1980s, cypherpunk had the original idea of cryptocurrency. Some people dream of building a market full of government secrets, and those who leak news can get untrackable electronic cryptocurrency rewards. The difficulty in designing rewards is how to build a consensus that everyone recognizes, namely the Byzantine Generals Problem, which was proposed by Leslie Lamport et al in 1985 – let the local forces reach a consensus and decide whether to send troops. Extending to the computing field, establishe a fault-tolerant distributed system. Even if some nodes fail, it can ensure the normal operation of the system. It can allow multiple nodes based on zero trust to reach consensus and ensure the consistency of information transmission.
I have to admit that the earth-shattering history is sometimes made by a small number of people. In 1993, Eric Hughes and a group of cryptography enthusiasts created “Cypherpunk mailing list”, and he wrote in the Cypherpunk Manifesto: “We the Cypherpunks are dedicated to building anonymous systems. We are defending our privacy with cryptography, with anonymous mail forwarding systems, with digital signatures, and with electronic money”.
In 1998, another cypherpunk, Wei Dai, proposed the anonymous, distributed electronic cryptocurrency system B-money. The idea of distributed thinking has emerged as the spiritual leader of the new generation of cryptocurrency. Thought collide and surging years go by, cypherpunks diligently seeking and researching, from asymmetric encryption technology, peer-to-peer network technology, hashcash algorithm, to reusable proof of work, technology is maturing.
On November 1, 2008, a new post appeared in the " cryptography mailing list" titled "Bitcoin: A Peer-to-Peer Electronic Cash System". It is Satoshi Nakamoto. FMZ
“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” He wrote in the Bitcoin white paper.
“The most fundamental problem with traditional currencies is trust. The central bank must be trusted to not let the currency depreciate, but historically this credibility never existed. The bank must be trusted to manage the money and let it flow in electronic money, but the bank But using money to create a credit bubble makes private wealth shrink,"
On January 3, 2009, Nakamoto published the first version of the open source Bitcoin client, announcing the birth of Bitcoin. He got 50 bitcoins by "mining" on a small server in Helsinki, Finland, and the first bitcoin block was called “Genesis block”. Nakamoto put the headline of the "Times" on that day - "The Times 03/Jan/2009, Chancellor on brink of second bailout for banks" in the Genesis block, making a mockery of the monetary authorities, which will always be in the annals of history.
The bitcoin that appeared in 2009 has changed all the issues related to money, the Internet and the transfer of value. The knotty problem that plagued the network creators seems to usher in a solution. Bitcoin, which integrates P2P network, cryptography, consensus algorithm and other existing technologies, elegantly solves the problem of generating, storing and transferring exchange value on the Internet. In this system, data is generated and stored in blocks, and is chained in chronological order. Nodes that are independent of each other participate in data verification, storage, and maintenance, and are non-tamperable and transparent. specialty. Blockchain is translated into blockchain technology, which establishes a trusted mechanism for information and value transfer in untrusted networks. FMZ
Satoshi Nakamoto predicted that bitcoin would be either zero or extremely powerful in 20 years.. After the promotion and development of geeks, technical evangelists, cryptocurrency enthusiasts and even keen capital, Bitcoin that was rarely known by people at the beginning has become known to all, and its blockchain technology has spread its genes and led into a new era. For the blockchain technology, governments, big capital, technology pioneers and even the general public have gradually established consensus - after the steam engine, electricity, and the Internet, the blockchain may be the next generation of disruptive core technology, and the Internet is moving toward value Internet from information Internet.
Although the development of the Internet is changing rapidly, the breakthroughs in information dissemination and value transmission are not accidental events. From the day-to-day exploration of researchers and enthusiasts to the application feedback of ordinary users, they have to go through a long and arduous process of evolution. As technology and demand become more stable and mature, each new stage can build something new on the basis of the previous stage. Through heavy fog of thistory, looking back at the development of the information Internet, we should have sufficient psychological preparation for the construction and use of the value Internet. Although the technology is ready-made, the large-scale popularization and application can not be done overnight. If history has a reference, our optimistic expectation is totally reasonable. The application and popularity of the value Internet will radiate energy far beyond our expectations.
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