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IOTA - Internet of Things. De coin die gaat knallen..!!

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Housepartyy
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IOTA Steals The Vote For Best Investment of 2018!

People Are Going Crazy Over IOTA (IOT)

The Tangle, a new data structure based on a Directed Acyclic Graph. As such it has no Blocks, no Chain and also no Miners. Because of this radical new architecture, things in IOTA work quite differently compared to other Blockchains a blockless distributed ledger which is scalable, lightweight and without fees. IOTA uitilizes "The Internet Of Things", A network of your most used everyday things. That includes vehicles, appliances at home and anything else embedded with electronic software capable of some form of communication, like sensors or internet capabilities. These devices collect useful data with the help of various existing technologies and then autonomously flow the data between other devices.


The IoT allows objects to be sensed or controlled remotely across existing network infrastructure, creating opportunities for more direct integration of the physical world into computer-based systems, and resulting in improved efficiency, accuracy and economic benefit in addition to reduced human intervention. When IoT is augmented with sensors and actuators, the technology becomes an instance of the more general class of cyber-physical systems within technology like smart grids, virtual power plants, smart homes, intelligent transportation and even smart cities!


Experts estimate that the IoT will consist of about 30 billion objects by 2020, while It is also estimated that the global market value of IoT will reach $7.1 trillion by 2020. Currently priced at $2.71 per one "MIOTA" (Million IOTA, each unit of "IOTA" is 1 million) and up over 100% in a week and still rising, it's never too late to get into the crypto voted "Best Investment" by over 30,000 people.
DeZwarteRidder
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Housepartyy
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Wanneer IOTA meer waard wordt, leveren andere coins in. Dit geberud al een paar dagen!! Huidige koers $5,7. Market cap over $16miljard. Momenteel de 4e coin. Niet meer te filmen deze opmars/pump
Hobahobahi
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Zo ik werd wakker met meer dan 100% winst van IOTA. Dit is toch lekker. Jammer dat ik niet veel had gekocht maar de toko explodeert
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Iemand die me een goeie wallet kan aanbevelen als ik deze wil kopen?
't is allemaal nieuw, dus alle info is welkom.
maurice 1971
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En Bitfinex zelf als wallet gebruiken? Dat een goede optie?
Hoe werkt betaling daar, ben nog maar net aan het inloggen op hun site, maar werken niet in EUR zeker? Ik zou mijn BTC naar daar kunnen verplaatsen zeker, maar kan ik ook gewoon storten in USD via creditcard?
DeZwarteRidder
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quote:

whoiam schreef op 6 december 2017 17:34:


bitstamp is goeie wallet maar kan je daar wel nog niet met kopen

Bitstamp is geen wallet, maar een beurs.
DeZwarteRidder
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quote:

DeZwarteRidder schreef op 5 december 2017 18:58:


IOTA is volgens een idiote nep-munt, die zwaar misbruik maakt van het IoT-gebeuren.

De oprichters van IOTA hebben hoogstens een paar miljoen geïnvesteerd en zijn nu multimiljardair dankzij het misbruiken van een waardeloos bericht en de idiotie van de cryptomarkt.

Raken maar dat de oprichters als een gek aan het verkopen zijn.
Dit is waarschijnlijk een van de grootste gelukte scams aller tijden.
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Als ik BTC overschrijf naar mijn Bitfinex account (net aangemaakt), kan ik dan al direct IOTA kopen of moet ik eerst een verificatie-proces door?
Housepartyy
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quote:

il Bambino d'oro schreef op 6 december 2017 18:25:


Als ik BTC overschrijf naar mijn Bitfinex account (net aangemaakt), kan ik dan al direct IOTA kopen of moet ik eerst een verificatie-proces door?


Na het doorlopen ervan kun je IOTA aankopen. Daarna duurt het een tijdje voor ze je account vrijgeven
maurice73
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medium.com/@justindanneman/proof-iota...

medium.com/@neha/cryptographic-vulner...

Last month, Ethan Heilman, Tadge Dryja, Madars Virza, and I took a look at IOTA, currently the 8th largest cryptocurrency with a $1.9B market cap. In its repositories on GitHub, we found a serious vulnerability?—?the IOTA developers had written their own hash function, Curl, and it produced collisions (when different inputs hash to the same output). Once we developed our attack, we could find collisions using commodity hardware within just a few minutes, and forge signatures on IOTA payments. We informed the IOTA developers, they patched their system, and we wrote a vulnerability report. The current version of IOTA does not have the vulnerabilities we found, but there’s more to be said about how this happened and what’s going on with cryptocurrencies right now.

DeZwarteRidder
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IOTA’s Partnerships With Big Tech May Not Be Real

Everyone is excited over the promise of what these partnerships may bring to IOTA and data decentralization overall.

The only problem is, several of these partnerships are not real.

These companies are talking to each other, there is no doubt about that. Microsoft and IOTA are set to meet in Paris on Dec. 14. Fujitsu CEO Dr. Rolf Werner constantly tweets his love and support for IOTA, but as far as an official partnership …

Update: Since publishing this, evidence was provided about Microsoft that does confirm a possible partnership. This however is the only tangible evidence that links Microsoft to IOTA. Nothing on Microsoft’s website to confirm this:
DeZwarteRidder
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Were the announcement of all of these fabricated partnerships part of an engineered pump and dump? Certainly seems like it.

When you have a market cap of just under $10 billion and you see close to $1.5 billion in market volume in one day, that to me raises major red flags.
IOTA’s Vulnerability Issue Discovered by MIT

Then I come across this, tweeted on Dec. 4th by Kyle Samani: cofounder and manager of a cryptocurrency fund called Multicoin Capital:

This is the article in which MIT disclosed IOTA’s vulnerability: Cryptographic vulnerabilities in IOTA, written by Neha Narula: Director, Digital Currency Initiative at the MIT Media Lab.

It is important to note that the vulnerability they discovered no longer exists in IOTA, however, Neha had this to say:

There are other red flags?—?unlike every other program running on your laptop or phone, IOTA uses ternary instead of binary. Since all computer hardware today uses binary, IOTA converts to ternary in software, which is less efficient and more complex. This complexity prevents IOTA from benefiting from existing security analysis tools that are designed to work with binary, and makes the code harder to read and understand. Another inefficiency is that transactions in IOTA are 10KB (in contrast, Bitcoin transactions are on average 600B), meaning that this is not well-suited to devices with limited storage, like those used for IoT, one of the developers’ primary use cases. The current IOTA tangle requires a trusted party (the coordinator) for security, suggesting that in its current form it’s not ready to run as a truly permissionless, decentralized system. Others have written about IOTA’s use of a trusted coordinator and asked about the incentive structure?—?whether users of their system have an incentive to converge the tangle if each acted selfishly.

… the fact that none of IOTA’s partners raised these concerns about a glaring vulnerability in a ~$2B cryptocurrency, or spoke about the other red flags, is worrisome.

Once again IOTA proves that due diligence is vital before making an investment decision.

Recommended Article: Why I find Iota deeply alarming
DeZwarteRidder
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Go to the profile of Nick Johnson
Nick Johnson
Sep 26
Why I find Iota deeply alarming

When I first learned about Iota, at Hack The Valley in January, my initial interest was quickly tempered by scepticism when I learned about some of its basic design choices?—?which we’ll get into in a moment?—?and I largely ignored it as a hobbyist project writ large.

Its continuing popularity, and recent news surrounding its choice of hash function has caused me to think more deeply about why I find Iota alarming, and why that should matter.

My motivation here is to highlight what I see as critical technical and social issues with Iota, which I consistently see downplayed and ignored by many. I have no financial stake in the success or failure of Iota; if it seems that I have animus against it, it’s purely because I believe good systems should succeed, and bad systems should fail, in each case on their own merits. In the interests of full disclosure, I am a core developer of Ethereum.
Iota shows a lack of good technical judgement

One of the first things you learn on investigating Iota further is that it uses balanced ternary, a numeral system with 3 digits, -1, 0 and 1. The authors have various arguments as to why they made this decision, but they come down to two main ones:

Ternary processors are theoretically more efficient than binary processors.
Certain mathematical constructs are more cleanly represented in balanced ternary.

Unfortunately, neither of these are relevant in a practical system. Iota is by necessity built to run on existing hardware, which is exclusively binary, as are the communication networks it uses. As a result, all of its internal ternary notation has to be encapsulated in binary, resulting in significant storage and computational overhead. Math must either be performed on individual ‘trits’ or first converted from binary-wrapped-ternary encoding into the machine’s native number representation, and back again afterwards?—?in either case imposing a large computational overhead.

Likewise, the theoretical benefits of a balanced ternary notation, such as not needing a sign bit, are more than outweighed by the practical disadvantages, since every processor Iota will run on is already equipped to perform math on twos-complement numbers, but requires software emulation to operate on balanced ternary.

This combination of not invented here syndrome and the Dunning-Kruger effect has led to a situation where the authors of Iota have decided that their affection for the tidyness of balanced ternary must outweigh all practical considerations in system design, and leads to a system that is needlessly complex.
Iota disregards cryptographic best-practices

Iota’s novel choice of numeral system also requires them to reinvent basic operations such as cryptographic hashing. This violates rule 1 of cryptography: don’t roll your own crypto. The predictable result of this has already been demonstrated, with a team led by Neha Narula demonstrating a number of significant vulnerabilities in Iota’s hash function, Curl.

IOTA’s authors argue that these flaws are not material to Curl’s use in Iota, and that collision resistance is not required, only preimage resistance. Personally, I don’t find this persuasive; cryptographic attacks always get better, never worse, and the first collision attacks against MD5 and SHA1 were what prompted the cryptographic community to start moving off those functions, even for applications where only preimage resistance is required.
Iota is a bad actor in the open source community

Next, and in my mind most damningly, Sergey Ivancheglo, Iota’s cofounder, claims that the flaws in the Curl hash function were in fact deliberate; that they were inserted as ‘copy protection’, to prevent copycat projects, and to allow the Iota team to compromise those projects if they sprang up.

It honestly astounds me that anyone would think this justification redeems them; it’s an admission of hostile intent towards the open-source community, akin to publishing a recipe but leaving out a critical step, rendering the resulting dish poisonous to anyone who eats it. It’s also very revealing of Iota’s attitude towards open source; they do not release code open source because they want to make it freely available to all and advance the state of the art, but rather because it serves their purposes in gaining adoption for their own deployment of that code.

If Iota wish to discourage copycats, they can license their code in a manner that prohibits the kinds of reuse they are unhappy with, or keep it closed source, as they have done with their centralised coordinator. That, of course, would lose them the approval of the open source community?—?but so should their actions here, in booby trapping the code they release.
Iota’s integrity guarantees lack rigor

Iota, rather than being constructed around a blockchain, utilises what they call a ‘tangle’?—?a directed acyclic graph of transactions?—?with no single head. I’m enthusiastic about attempts to advance the state of the art in distributed ledgers, and I think this may have promise in terms of improving scale, but so far their arguments for the scalability of this system and its security seem very hand-wavy.

Each transaction is secured using a proof of work, but this PoW function has a fixed difficulty. Since Iota is designed to run on low-power nodes, the difficulty is quite low, and it would not take much in the way of dedicated resources to outweigh the entire processing power of the Iota tangle. Further, unlike blockchain-based systems such as Ethereum and Bitcoin, the difficulty of the proof of work is not adaptive. This means that the security of the tangle directly depends on the number of transactions being processed, and that there is no way to adapt the security level to real-world conditions. Ethereum and Bitcoin gain their game-theoretical soundness from the financial reward given to miners, and the guarantees this creates that an attacker must have more hash power at their disposal than all the honest actors combined. Iota lacks such a guarantee, and I’m unaware of any robust proof that Iota is secure against these sorts of 51% attacks.

Likewise, I’m unaware of any proofs that the tangle will always converge; that an attacker cannot force it to have an unbounded number of leading edges, or that the system remains secure when each node does not validate a majority of the transactions in the network. Iota authors have provided informal explanations of why they believe all of these to be true, but they fall far short of the level of assurance blockchain based systems are able to place in their proof-of-work (and soon, proof-of-stake) mechanisms.

DeZwarteRidder
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Kortom, het zou me sterk verbazen als IOTA niet in elkaar stort als een mislukte pudding.
Housepartyy
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quote:

DeZwarteRidder schreef op 7 december 2017 22:07:



When you have a market cap of just under $10 billion and you see close to $1.5 billion in market volume in one day, that to me raises major red flags.



Ja dat deed mij de wenkbrauwen ook fronsen. In 24uur van 4 miljard naar 16miljard (piek van gisterochtend) en het volume bleef steken op 2miljard.

Heb mijn winst genomen. Prima zo
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Vertraagd 17 sep 2021 15:24
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