Questions tagged [economics]

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27
votes
5answers
1k views

What is the total supply of IOTA?

In Bitcoin the total supply is capped at 21 million BTC. In Ethereum things are slightly looser. (I don't know what their total supply will be.) What's the case for IOTA? Is there a cap, and if so, ...
18
votes
1answer
2k views

Why were 4-byte integers chosen as the best way of storing individual trits within IOTA software?

update: Since this was posted, on Jun 11, an issue was opened by one of the IOTA Foundation developers to look into how to make the storage of trits use less memory. Although moving to a byte[] is not ...
15
votes
1answer
425 views

What would an attacker have to pay per transaction in a large-scale spam attack?

It is claimed that transactions are effectively free. However, they require a proof of work. This PoW is supposed to make spam attacks infeasible. So given an attacker renting hardware from a cloud ...
10
votes
1answer
154 views

Does IOTA become less accessible the further its value increases?

Rounded, right now a single IOTA is worth around $0.0000024. Yesterday it was worth $0.0000015. If the MIOTA price goes up to $500-$1,000 as some people have been forecasting, this means a single IOTA ...
7
votes
2answers
96 views

How do I burn IOTA?

Regardless of why I'd want to do this, I'd like to know how. Are there any specific "burn addresses" that are reserved for this? Or is there a technique I can use to guarantee the IOTA are destroyed? ...
6
votes
1answer
782 views

How are taxes paid in the future if finally my car pays for parking?

If there are more and more people in cryptos especially IOTA, how will they pay taxes for their data or electricity? I am from Germany and if I want to sell things e.g. electricity and gain more ...
4
votes
2answers
181 views

IOTA and monetary policy

Can a finite supply (like IOTA) deal with a growing (m2m/p2m/p2p) economy? Because you might end up in a situation where everyone is hoarding. There is nothing wrong with a bit of speculation but ...
4
votes
2answers
143 views

Economic Clustering and need for (Dezentralized) Coordinators?

In CfB's recent blog post on Economic Clustering and IOTA, he looks at a possible future of IOTA and envisions two different types of IOTA clusters: Cluster 0: A a set of Full Nodes that are ...
4
votes
1answer
104 views

Running a self-financing node? Any possibility of running a private node, adding fees, or adding public node messages?

So I am aware of the devs stance with regards to the incentives of running nodes (e.g. outlined here). However, despite all this I'd like to explore a different option here and discuss whether it's ...
2
votes
1answer
235 views

How will PEAQ tokens interact with IOTA and the Tangle?

PEAQ is a new platform that will be developed on top of IOTA and the Tangle that will allow for tokenization, similar to the ERC-20 standard of Ethereum. With it's launch we will likely see several ...
1
vote
6answers
170 views

Where can I buy IOTA in USD? [closed]

Coinbase is where a lot of people safely buy their ETH and BTC, but it doesn't appear Coinbase currently sells IOTA. What are some places that I could buy IOTA from? (Note I'm not asking for the best ...
1
vote
2answers
120 views

Given 0 token and 0 fee transactions, what provides value to the IOTA token itself (not the IOTA network)?

Since data 0 token transactions can be made (for 0 fees), what is the incentive to buy and hold IOTA tokens themselves? For example, bitcoin's fees inherently give bitcoin value because in order to ...
0
votes
1answer
173 views

Incentives to Run a Full Node

Is there any incentive to run a full node in IOTA? If not, what makes people to run full nodes and how they keep them running if there are no economical returns out of it?
0
votes
0answers
24 views

Where to ask for IOTA representation as a US Citizen

I see that the IOTA Foundation is investing time and effort in the United States. For instance the IOTA Foundation is working with the city of Austin Texas to improve traffic flow. Oddly, US citizens ...
-5
votes
1answer
39 views

Binance Coin on Binance and why there are premiums on certain pairs? [closed]

I need a little help understanding the dynamics of the Binance Coin (BNB) market on Binance. Why does BNB equate to almost exactly market price of IOTA? But when converting BNB to Ethereum, Bitcoin or ...