29
votes
Accepted
What is the total supply of IOTA?
The exact total supply of IOTA is 2,779,530,283,277,761 units. This value is optimized for ternary computation and can be expressed as 2.779 x 1015. The total supply is based on the 33 digit ternary ...
- 902
15
votes
What is the total supply of IOTA?
IOTA is a non-inflationary currency in that there are a fixed number of tokens in circulation and the protocol doesn't algorithmically create additional supply.
This number is currently ((333)-1)/2 or ...
- 374
12
votes
Accepted
Does IOTA become less accessible the further its value increases?
To your point, one IOTA is currently the smallest possible increment of supply.
If IOTA increases in value to the point where microtransactions and streaming real time payments become infeasible, the ...
- 3,135
9
votes
Accepted
How do I burn IOTA?
There is no way to really burn IOTAs. But you can send IOTAs to an address to which nobody has the private key to:
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
...
- 4,454
8
votes
Accepted
Given 0 token and 0 fee transactions, what provides value to the IOTA token itself (not the IOTA network)?
Here are some properties of IOTA:
Scarce: has a finite limit
Can be used to purchase things instantly and without fees: cheaper to make purchases for both buyer and seller, creating value over credit ...
- 3,135
7
votes
Accepted
What would an attacker have to pay per transaction in a large-scale spam attack?
I don't think it is possible to give a proper answer to this question, as we are lacking benchmarks from high-end hardware.
I will, however, try to estimate a value:
My GPU, a Nvidia GeForce 730 ...
- 791
6
votes
Where can I buy IOTA in USD?
Unfortunately direct USD to IOTA isn't available yet, you will need to buy another crypto-currency first, transfer it to an exchange that trades IOTA and trade it there. The best/cheapest way to buy ...
- 1,099
5
votes
How do I burn IOTA?
There is no way to literally burn IOTA in such a way that the total supply is reduced. The only thing you can do is send IOTA to an inaccessible address.
You have two options:
1) Generate a seed, ...
- 3,135
4
votes
Accepted
Incentives to Run a Full Node
Currently, other than supporting the community (or if you're a business implementing the Tangle internally) there is little incentive to run a full node. The expectation is that the introduction of ...
- 56
4
votes
Where can I buy IOTA in USD?
How to Purchase IOTA in the US
Overview on how to purchase IOTA in November of 2017 in the US. For the sake of simplicity I am going to use Ethereum (ETH) as an example. Bitcoin (BTC) could also be ...
- 176
4
votes
What is the total supply of IOTA?
The total amount of IOTAs circulating supplies are 2.779.530.283 MIOTA as you can see on CoinMarketCap.com
IOTA can't be mined that means they won't get more.
- 49
4
votes
What is the total supply of IOTA?
Don't forget that when you buy from an exchange the default unit is MIOTA (1 million IOTA)
PS: Just for comparison, the total amount of Bitcoin is 21 million but if you take the smallest subdivision (...
- 445
3
votes
Accepted
How will PEAQ tokens interact with IOTA and the Tangle?
Source of information: mainly youtube presentations of the project. The white-paper presenting the Peaq project in details is currently under review, but should be available in december. (1/12/2017)
...
- 5,344
3
votes
Where can I buy IOTA in USD?
I live in US and bought IOTA by doing the following:
1) Bought ETH from CoinBase
2) Transfer my ETH to Binance
3) Bought IOTA with ETH through Binance
- 217
3
votes
IOTA and monetary policy
Once m2m economy requires more fine-granular payments (even less than 1 iota maybe) the founders stated that the supply would be increased proportionally to the owners' stake. They wanted to avoid ...
- 528
3
votes
Accepted
How are taxes paid in the future if finally my car pays for parking?
Interesting topic for the protocol. Currently I think it would be suitable if you use the messages for it. You have then just to include tax rate etc. You can also use encryption for it. Iotas masked ...
- 840
2
votes
Economic Clustering and need for (Dezentralized) Coordinators?
Since I am not CfB, I cannot guarantee that my answer aligns 100% with his vision but this is my understanding of it:
1. Functionality of distributed coordinator in Cluster 0
Yes, exactly. The ...
- 4,454
2
votes
Why were 4-byte integers chosen as the best way of storing individual trits within IOTA software?
I was in discord around the time this was originally posted. I figured someone would have provided the answer right after we discussed it...
@Come-from-Beyond brought it up himself, and he said that ...
- 21
2
votes
Where can I buy IOTA in USD?
1) Buy BTC or LTC from CoinBase
2) Transfer BTC or LTC to CoinSpot
3) Buy IOTA with BTC through CoinSpot
4) Send IOTA from CoinSpot to your IOTA wallet
(CoinSpot is an Australian exchange you ...
- 21
2
votes
Given 0 token and 0 fee transactions, what provides value to the IOTA token itself (not the IOTA network)?
In order to send value over the IOTA network you must use the IOTA token/coin so it will have stored value. Also, the value of the services offered over the network and the value of the sensor data ...
1
vote
Binance Coin on Binance and why there are premiums on certain pairs?
The only explanation I can think of here is that you pay less fees (50% reduction) using BNB Binance coins than any others, which is the main incentive to use them. You will need to be more specific ...
- 3,135
1
vote
Running a self-financing node? Any possibility of running a private node, adding fees, or adding public node messages?
All three options are possible. You might need to combine some technologies though.
Just wrap a login around accepting transactions. IOTA is on the transport layer. Wrapping OSI layers is age old.
...
- 1,293
1
vote
Where can I buy IOTA in USD?
I think you should buy some bitcoin or ether on any exchange, and then You can buy IOTA tokens on Bitfinex.com or www.binance.com. Is what i did actually I've bought some ether on coinhouse.com and ...
- 63
1
vote
Where can I buy IOTA in USD?
At the moment there are no exchanges that exchange USD for IOTA. Your best (also fastest and cheapest) method would be to exchange USD for LTC on Coinbase, then send the LTC to an exchange that trades ...
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