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https://thefinanser.com/2017/04/interview-david-sonstebo-founder-tangle.html/

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Why is Tangle needed when we have Ethereum and Bitcoin?

Bitcoin and Ethereum are blockchains. This means that you have a network with two parties; users and validators, in other words you have decoupled verification of the ledger from the users of the ledger. By replacing the trusted third parties mentioned before (banks etc.) you now have to trust the validators, in theory blockchain validation was envisaged to be decentralized among thousands of parties by rewarding those who validate (miners) with tokens, and thus the network would be hard to compromise and easy to trust, however in reality that is not the case. In the Bitcoin and Ethereum Blockchain the validators verify blocks by solving very computationally intensive math, whoever solves these crypographic puzzles first has the highest chance of getting the tokens (mining rewards), which is the incentive that drives these validators to carry out verification of blocks in the first place. Due to the computational requirements Application Speific Integrated Circuits (ASIC) was created. These are special chips that are made only to solve these puzzles. This invariably leads the validation of the Blockchain to centralize around those who have the resources to buy these ASIC processors and who got access to cheap electricity, furthermore these people again centralize further into ‘mining pools’ where they essentially combine their computational power to have the highest probability of getting the token reward. So right now the entire Bitcoin network is essentially controlled by 5 mining pools, which again are very much at the mercy of their Internet Service Providers and Energy Providers… Tangle on the other hand does not decouple validation of the network from the users of the network, instead validation is an intrinsic property of using the network. When you send a transaction in the Tangle you also validate two previous transactions in the network, and since everyone else is doing the same thing what emerges is a 100% decentralized and therefore trustworthy ledger.

 

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On 02/04/2017 at 4:22 AM, XrayRomeoPapa said:

any idea when this will pop up on an exchange?

close now/soon!

price doing v well thus far: http://iotaprice.com

IF you trust their figures: market cap is $231,479,281 -- which would in theory put it in the top ten cryptos already 

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51 minutes ago, zerpdigger said:

close now/soon!

price doing v well thus far: http://iotaprice.com

IF you trust their figures: market cap is $231,479,281 -- which would in theory put it in the top ten cryptos already 

That's lovely havnt checked for awhile. I did not invest a lot but already a 3x return. With how much of animals these buyers are right now if this hit Poloniex I'm certain it would at least double first day. 

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important info for those interested in iota:

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YDX 10:29 PM, May 19th 
@channel The popularity of YDX has grown to the point where manual deposits and withdrawals cannot longer be processed in a timely manner. Also, from the beginning it was supposed to be a decentralized service. YDX operator is now considering a possibility of conducting an IPO with purpose to collect funds for development of a decentralized solution running on top of IOTA and to form a group of owners who will be running special software processing deposits and withdrawals in automated manner with help of multi-signatures. We believe that even after listing IOTA on exchanges YDX will be popular because of its 0% trading fees and 100% transparency which makes market manipulation by the operators impossible. Of course, we may be wrong and after IOTA listing the popularity will drop to zero, this is why the IPO will not be conducted before that event. For now, if you are interested in taking part in the IPO, join #ipochannel, please. There we will discuss IPO nuances and develop future plans for post-IPO period.

 

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Market Cap: $315,354,387

Which would make it #11 as of writing

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Market Cap: $466,797,702

Now #10 – at least on paper!

There's also some important new info here: 

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As it was announced few weeks ago, YDX is considering possibility of conducting an IPO. We expect IOTA to be added to the exchanges very soon this is why YDX is going to Silent mode. The key point of that is to gauge interest to YDX service with other exchanges trading IOTA. In Silent mode no deposits (except pending ones) will be allowed and IOTA trading will be stopped on the 1st of June 23:59 UTC. YDX slack will still be open for everyone to join. Those who are interested in taking part in the IPO may join #ipo channel.

 

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4 minutes ago, zerpdigger said:

Market Cap: $466,797,702

Now #10 – at least on paper!

There's also some important new info here: 

 

That's quite a lot for only a white paper ...

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1 hour ago, kanaas said:

That's quite a lot for only a white paper ...

it's not just a white paper any more –– they have working tech and a serious team  

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some interesting slides from the recent berlin talk (there was a lot on use cases but i can't be botherd to post):

5931520ad2cbf_ScreenShot2017-06-02at12_54_03.thumb.png.56039ac226084fb79fcb2fa86bb29b8a.png

5931520d80d77_ScreenShot2017-06-02at12_53_12.thumb.png.a325f5613f41bf1ccb56f9301be30a4e.png

5931521003df3_ScreenShot2017-06-02at12_53_04.thumb.png.f5fb65ab9cf1c0d67d73701a6cf90944.png

59315212dfce1_ScreenShot2017-06-02at12_52_42.thumb.png.99a4a97696d8cba493b0f355642dfce7.png

5931521d8d962_ScreenShot2017-06-02at12_52_07.thumb.png.3e5dd58c4662bb66b5c6e37a0f4aee7b.png

5931521ac41c2_ScreenShot2017-06-02at12_52_18.thumb.png.b561cffe8f4a6df43f885c0432a008ee.png

59315217d9199_ScreenShot2017-06-02at12_52_27.thumb.png.8d9661c1b324305192c7ffb15b507724.png

5931521586058_ScreenShot2017-06-02at12_52_36.thumb.png.d9066f01d2d4920de799371fc44945c5.png

 

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Still not convinced. First they have to proof indeed that scaling and so on will work, but even when that might succeed I'm still missing a clear use case in a world still dominated by fiat. IoT might some day offer a use case for huge scaled needs for micro payments, but when will that come along? And will a "token only" system become a preferred solution? If one compares it with Ripple, there's that very clear use case of "fiat serving" cross border payments with the integrated, high speed, efficient, cheap & scalable currency exchange facility... That's not only unique but also a solution of an EXISTING PROBLEM. 

Edited by kanaas

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19 hours ago, kanaas said:

Still not convinced. First they have to proof indeed that scaling and so on will work, but even when that might succeed I'm still missing a clear use case in a world still dominated by fiat. IoT might some day offer a use case for huge scaled needs for micro payments, but when will that come along? And will a "token only" system become a preferred solution? If one compares it with Ripple, there's that very clear use case of "fiat serving" cross border payments with the integrated, high speed, efficient, cheap & scalable currency exchange facility... That's not only unique but also a solution of an EXISTING PROBLEM. 

really not sure now if you're just trolling 

machine economy is pretty well understood by tech geeks, economists, futurists, etc, as is micro/nanopayments, and even so iota can be used in place of ANY token via ILP, just like xrp eth btc etc, etc 

except it's better than 99% of coins out there so... yeah if you don't see a use case for the best cryptocurrencies... erm... dunno what to say

dont see a use for zero fees? er ok... 

no use for a seamlessly scalable, self-regulating, partition-tolerant public ledger? hmmmmmmmm!!! :D 

dont see a use for q-secure tech? hmmmmmm!!!

etc etc etc etc 

look i'm not here to convince you -- this thread is for people actually interested in the tech and want updates and have done their research

so seriously, if you're going to troll and just say "no proof!" every time -- do it over at bitcointalk -- iota is coming like it or not 

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BIG NEWS! 

https://blog.iota.org/exchange-launch-2d38c654349a

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The doors are opening

For thousands of people this is the first encounter with IOTA, to those we extend a warm welcome. The technology is now sufficiently matured to the point we are confident that we can go on exchanges and welcome thousands of new users. This marks the beginning of a new and exciting chapter in this book we as a community are collectively penning. That being said, IOTA is still going to go through iterations and optimization in the following weeks and months until the core protocol is ready for standardization and prime time deployment in the real world on a large scale. Perfection takes time.

Get your tickets and join us on this epic journey

Each individual exchange will make their own announcements of IOTA exchange listing timelines and plans, but the first exchanges will start listing IOTA on the 13th of June!

If you represent an exchange and want to begin the listing process, then contact us at exchanges@iota.org for further assistance and documentation. If you are a user/trader that want to see IOTA on your favorite exchange, forward them this post.

@enej @gatehub @gregor ...any chance of listing it? 

can't wait for launch, finally some fresh technology in the space 

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