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IOTA: Cannot be used for IoT, loss of funds may occur

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Re: IOTA: Cannot be used for IoT, loss of funds may occur

#71

Post by elevaet »

pavlov wrote: post #64
nuttycoin wrote: post #50

Earlier quoted context omitted.

You clearly don't know much about IOTA. IOTA will require hardware that is customized to operate in trinary and perform IOTA PoW in a fast, energy-efficient manner. This hardware component is being tackled by JINN. No blockchain will work with IoT. Any decentralized ledger whose throughput cannot rise with transaction volume will not be scalable. I advise you read up on IOTA before saying outlandish things like "Of c…

IOTA will require hardware that is customized to operate in trinary and perform IOTA PoW in a fast, energy-efficient manner This must be the most insane "Internet of Things" project ever. How did they come up with this nonsense?

Trinary logic hardware will perform better for the PoW in low energy environments, which is extremely important for IoT. It's either ambitious and visionary, or else insane. Personally I think it's the former, cutting edge technology always seems insane until it doesn't. Time will be the judge.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#72

Post by elevaet »

simias wrote: post #22

His experience is what I would expect from anybody trying pre-alpha software which is probably what IOTA is right now (at least, that seems to be the common defense from it's proponents, "it's temporary, it's going to change"). The absurd part is that it's pre-alpha software that has a market cap in billions of dollars thanks to the wild speculation around cryptocurrency/blockchain stuff. I mean, the simple fact that…

"doesn't plan on using PoW to secure the chain" - IOTA uses PoW to secure the network (it's not really a chain), that's exactly how the network is secured. Every transaction performs a small PoW.

"the only thing they have to show for it is a whitepaper" - say whaaat? IOTA is a functioning digital currency with feeless transactions. You can watch the transactions on the network here: https://thetangle.org/live

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#73

Post by elevaet »

_b8r0 wrote: post #42
simias wrote: post #22

His experience is what I would expect from anybody trying pre-alpha software which is probably what IOTA is right now (at least, that seems to be the common defense from it's proponents, "it's temporary, it's going to change"). The absurd part is that it's pre-alpha software that has a market cap in billions of dollars thanks to the wild speculation around cryptocurrency/blockchain stuff. I mean, the simple fact that…

Before we get to the fact that it's effectively poorly written pre-alpha garbage, let me make something abundantly clear: There is no IoT use case for IOTA. Let me repeat that. There. Is. No. IoT. Use. Case. For. IOTA. I'm not having a pop at the parent here, I just want to make it clear that there is no reason for IOTA to exist. IOTA not only fails to solve a problem, it's failing at solving a problem that IoT doesn…

Does repeating it hard enough make it true?

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#74

Post by generalizethis »

bjl wrote: post #45
gsich wrote: post #40

Earlier quoted context omitted.

That's not IOTAs fault.

It kind of is, since this functionality should've shipped with the wallet, like it does with every other crypto.

They've never been focused on P2P and have made that clear to users--obviously they didn't hear, "Be your own bank." when that was said.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#75

Post by generalizethis »

Tepix wrote: post #13

Great article. I chuckled quite a bit. This reminds me of my attempts to check out Cardano. There was no working Linux client. (I checked again today: Still no Linux client. The latest release of the software appears to be from September 2017). I then tried to build from source. I'm doing some Node development so I have Node v8.x installed (the current LTS version). Turns out the wallet requires Node v6. At that poin…

I chuckled too, but mainly because he didn't download the most recent exe file and tried syncing to his own out of sync node when he could have more easily used a lightnode. It was almost like he was going out of his way to make it difficult. Hmmm, wonder why he'd do that?

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#76

Post by generalizethis »

abrkn wrote: post #3

I'm the author of the blog post. Thanks for posting! I can answer any questions you have about the IOTA review or other shitcoin reviews.

Why didn't you use a lightnode? Or the most recent exe? I did it the other day and it took a few minutes--your article made me feel like a genius.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#77

Post by [deleted] »

_b8r0 wrote: post #44
dsgriffin wrote: post #17

For anyone interested, there's been a response to this article by Ralf Rottmann: https://medium.com/@ralf/andreas-brekken-proves-he-has-no-cl...

When you see someone mention Bosch, ask them what Bosch are actually using it for. Not in, but for. What is the utility that IOTA provides, that Bosch are deploying at production, and where is this used? You won't get a decent answer because as far as I can tell there isn't one.

[deleted]

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#78

Post by UncleMeat »

nuttycoin wrote: post #66
pavlov wrote: post #64

Earlier quoted context omitted.

IOTA will require hardware that is customized to operate in trinary and perform IOTA PoW in a fast, energy-efficient manner This must be the most insane "Internet of Things" project ever. How did they come up with this nonsense?

Is it really that insane? There is already a plethora of companies working with IOTA. No one knows much about the status of JINN due to prospective NDAs that would prevent any sort of chip production deals from becoming public. Companies are actively seeking out the foundation to see how they can become involved, not vice versa. An IOTA efficient IoT device would simply have a tiny JINN ASIC to perform the PoW necess…

Yes. If you expect commercial iot products to use unusual custom hardware you are out of your mind.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#79

Post by nemetroid »

generalizethis wrote: post #76
abrkn wrote: post #3

I'm the author of the blog post. Thanks for posting! I can answer any questions you have about the IOTA review or other shitcoin reviews.

Why didn't you use a lightnode? Or the most recent exe? I did it the other day and it took a few minutes--your article made me feel like a genius.

> Why didn't you use a lightnode? Or the most recent exe?

It says why right in the article: "A blockchain client has to be open-source for the users to predict its behavior."

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#80

Post by SippinLean »

Where does this claim in the title come from?

>IOTA: Cannot be used for IoT

The author has this caption under the screenshot of the official documentation:

>They also write that you can’t use IOTA for IoT

...but they clearly don't write that, I can read it in the screenshot. They say it doesn't work on smaller IoT devices, and that this will change when you can compile from source. So that's out as a source of this claim.

The other source:

>I upgraded to this machine after reading on the Discord chat that people were unable to stay in sync with less powerful hardware [citation needed]

That's the requirements for running the Wallet GUI on Linux, not IOTA core (which as the author mentions, has been implemented in python and JS).

Nuance matters, concluding "IOTA cannot be used on Internet-of-Things devices" at the end seems like an oversimplification; especially for an article that seems overly-specific when it's trying to make IOTA seem complicated (Is setting up an AWS instance of Ubuntu for your Windows host a concern for EVERY user of IOTA? Is it really important that you set up your firewall incorrectly?).

Another strange omission is not mentioning IOTA as being in beta, which is the reason it can't run on smaller devices:

>This means that the current Java implementation is a reference implementation

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