Questions tagged [token]

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5
votes
2answers
82 views

What's the deal with prefixes? Is Mi smallest amount that could be transferred?

I just received 1 Mi as test. And it seems to be smallest amount to transfer. So I guess that's the reason that IOTA is dubbed MIOTA. But when I check https://thetangle.org/statistics/tokens-...
4
votes
1answer
213 views

The smallest unit in IOTA is 1 Iota. Is it divisable? Can a fraction of an IOTA be used?

Can a fraction of an IOTA be used? Currently 1 Iota is only worth 2.5 Millionths of a dollar. Imagining IOTA token being used for microscopic transactions can an IOTA be divided?
4
votes
2answers
180 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 ...
3
votes
2answers
103 views

IOTAs sent to the seed instead of an address

I saw someone sent IOTAs to the seed! IOTAs sent to seed instead of address will be stuck forever. Until some seed randomly creates that as an address. Is it possible? Is there any way to retrieve ...
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 ...