Must-watch: 500 Billion Reasons why IOTA

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Semmelweis-Reflex, Subjectivism and Mob Mentality. IOTA fighting Goliath’s in this War of Blockchains.

Semmelweis-Reflex, Subjectivism and Mob Mentality. IOTA fighting Goliath’s in this War of Blockchains.

Do you think you’re a critical thinker who’s smarter than those who define the rules of this shark-pond of crypto-currencies, and smarter than those who spread the lies (you’re already convinced of) in the first place?

Then you defy subjectivity and basic functions of the human psyche. Good for you.

If not, you may want to read my thoughts about what is happening here.

Let’s make a game out of your ability to distinguish between truth and lies. After you read this blog post, you go out and look for lies in articles and videos. It’s pretty easy.

Disclosure: I’m invested in IOTA, but the difference to those I mention here is: I never attack other projects or people, I just defend IOTA.


The daily routine. I get up, brush my teeth, make coffee, read social media. And then I correct lies about IOTA.

Lies and insults that originate not only from unknown trolls but also from renowned academics.

Well-known online magazines stir up hatred and process old news from which IOTA cured itself months ago.

But how can this be?
What are we missing here?
Is IOTA a scam?
Or do we see other forces at work, which seem surreal given the fact that many of those lies are presented by would-be solid sources?

I have made it my business to correct these lies and -out of context information- that can be read every day.

Every weekend I hold English and German podcasts on youtube and I present all the facts with their primary sources. This is a fundamental requirement, because we are not in a hip area but in a highly complicated, sensitive and not always easy to understand innovation river-delta, which not only wants to replace the sea of legacy systems with fresh water, but also has to ensure that it is not brackish water that it’s creating. This whole ecosystem was created in order to be an improvement, not a burden.

From the continent of crypto-currencies, several rivers are flowing into the technological ocean.

IOTA postulates to be the first clean, sustainable, fresh sweet water river, so naturally, other streams are unsatisfied and contaminate it as much as they can. And there are many.

Time to draw a line.

This habitus of mine has evolved over the past 18 months. Uncover lies, expose liars, present primary sources.

Of course, that’s not the only thing that has developed.

IOTA continues to bring good news, collaborations and reasons to put it above a level of Bitcoin when it comes to the question: which project is more legit?

At this point, the minds are divided, but IOTA has an advantage in this regard.

IOTA, or better the Foundation as the supportive organisation is registered and recognised as a charitable foundation in Germany.

Of course, we have already seen unimaginable things. It could be possible that a scam could overcome even the highest legal organs in a highly developed country like Germany. There could also be an alien under your bed right now.
IOTA, however, has been in focus since the beginning of its development and had to prove itself against countless windmills and Goliath’s.

Which in this world only works with transparency, a lot of work and confidence building.

The alleged vulnerability in August 2017 has been a major publicity stunt in order to besmirch IOTA. No funds were ever at risk and the problem was no problem. Cold coffee.

Therefore, let’s take a look at the questions that really matter.

Who are the accusers?
How exactly does IOTA counter the accusations?
What exactly can end the discussion?

When I used the image of David against Goliath, I should have used Alfred Wegener against the establishment.

The continental drift is one of the basic scientific facts, everyone has agreed upon.

When Alfred Wegener postulated his results of research back in the early 1910’s, the scientific dinosaurs rejected his theory until the late 1950’s and he faced constant resistance as long as he was living. Part of that was that he described the continental drift slightly wrong (continental borders vs shorelines), another part was that the renowned geologists didn’t want to accept this new paradigm as they would lose their credibility.

The discussion reached a deadlock until he died in 1930 in Greenland. In the early 1960’s, researchers found evidence that he was indeed right and accepted his theory posthumously.

This is fairly different to today’s landscape. Today we have angry Twitter discussions, ad hominem and kardashian’esque behaviour even in scientific circles.

Today, we live in an interconnected world. Scientific results, opinions, and reactions are just one tweet away and we can support our claims with computers, and the global community of scientists and skilled autodidacts can participate when sensitive topics are discussed.

Three things, however, never changed.

First: The ability of the human psyche to stick to the opinion of the majority. Bandwagoning works and is rarely a choice of free will.

Second: Scientists still hate to lose their credibility.

As a result, the Semmelweis-reflex kicks in and hinders progress. From Wikipedia: “The Semmelweis reflex or “Semmelweis effect” is a metaphor for the reflex-like tendency to reject new evidence or new knowledge because it contradicts established norms, beliefs or paradigms.”

A third reason that changed the behaviour of scientists changes also the whole discussion. I come to that at a later point. The cold coffee first.

In August 2017, IOTA fell victim to a coordinated attack that did not aim to protect people, provide technical assistance, or prevent a scam. No.
It was undoubtedly a plot of upsetting the research community against IOTA, so that it would suffocate in the strong headwind. Due to relentless work, clarification and presentation of facts, the headwind was reduced to a point where it’s merely a nuisance, but right now, as the biggest industrial fair, the Hannover Messe is happening, it starts to gain strength again as many magazines and “scientists” remind everyone how “bad” IOTA really is. Without facts, just via mob mentality. What a coincidence.

There are many rivers that form a delta and want to disrupt the sea of legacy systems.

Some rivers are larger, some smaller. A few are there for a long time and had to move mountains to reach the sea, and some are dirty.
The majority of rivers are held back due to technological dams.
There are even rivers that were never aiming to flood the ocean, just a private pond.
And many former whitewater are running dry these days.
There is much to win, and much to lose.
Everyone has skin in the game when it’s about money.

Who are the accusers?

Summarized: I didn’t find any accuser that is not invested in Bitcoin, Ethereum or connected projects like Zcash. Every single source is a dirty river that is looking to get the majority of the technological ocean. There is not even a single exception!
These people are not interested in an open and fair debate in order to support progress, they are solely protecting their money.

-The Digital Currency Group behind Coindesk.

-Cointelegraph (CEO Victoria Vaughan is an ex-Angel investor with Bitcoin)

-The Digital Currency Initiative, DCI, which is part of the MIT. Conflict of Interests.

-Assistant Prof. of Johns Hopkins Private University, Prof. Matthew D. Green. Conflict of Interest

-Countless Bitcoin Maximalists such as Andreas Brekken Conflict of Interest, Richard Heart or even Andreas M. Antonopoulos that jumped on the bandwagon to hate IOTA after the wrong allegations.

-Former Forbes/Nasdaq/Coindesk contributor Amy Castor. COI1  COI2 COI3 (paid by venture capital company), (writing in favour of Bitcoin), (writing how to buy Zcash – she was also part of Zcash ad-campaign)

-Ethereum Core Dev Nick Johnson.

-Bitcoin Core Dev Peter Todd

-Dozens of Cryptographers that are either falling prey to the Semmelweis reflex or supporting their colleagues with mob mentality.

The third point is: Cryptographers, magazines owned by venture capital companies such as Coindesk or Cointelegraph have a monetary interest in promoting the systems they invested in.

This scientific discussion shifted into an economic discussion.

Remember this whenever you read articles in the crypto-sphere: These are not the actions of independent scientist or magazines, these are the actions of the textbook homo oeconomicus that is acting as a rational agent to increase his financial situation and level of influence.

How exactly does IOTA counter the accusations?

IOTA countered allegations in several ways.

  1. Open letters to everyone where they explain that at no point funds were at risk. Fact is: No one lost money except due to the price-collapse after the DCI-allegations.
  2. Transparency compendium (before the irresponsible disclosure of the DCI)
  3. The official response to the DCI allegation
  4. Security Audit of the allegedly flawed cryptographic scheme curl-p by Cybercrypt
  5. Setting up of a Non-profit organization under German law
  6. Collecting a team of scientists that research the Tangle
  7. Under the advisors are also advisors with international reputation:

    -Dr. Rolf Werner – Head of Fujitsu Europe
    -Johann Jungwirth – CTO of Volkswagen
    -Hongquan Jiang – Robert Bosch VC
    -Prof. Gur Huberman – Columbia Business School
    -Prof. Joachim Taiber – CTO of the International Transportation Innovation Center


What can end the discussion?

The answer is short: Building trust.

The IOTA Foundation has two very important processes in place that are nearly completed.

1) the Curl-p peer review by Cybercrypt

2) the peer review of the trinity wallet of the Accessec GmBH

Apart from that, there are developments behind the curtains that are also very important to form a practical version of IOTA vision.

Equilibria in the Tangle‘ is the fundamental and necessary research that is researching consensus, good and bad actors in the Tangle. This research is done by Dr.Serguei Popov, Olivia Saa, and Paulo Finardi

The confirmation timings are researched by Bartosz Kuśmierz

All research around IOTA can be found here: Link

 


To draw a conclusion:

IOTA has become a transparent project that is actively researching and developing in lightspeed.

It’s regulated under German law and it’s solving the scalability and fee-issues of common Blockchains. Naturally not everyone likes this project because it ends the mining centralization of Bitcoin and others.

People follow their investment, scientists are people.

In the end, critical minds and critical investors decide if they believe biased sources that besmirch IOTA on every occasion or if they stick to official sources, transparency and global companies that decided to use IOTA over other blockchain/DLT projects.

Countless companies such as Fujitsu, Volkswagen or Bosch are working with IOTA.

Latest results were shared on the Hannover Messe 2018:

Featured Image: India Today
In case of success

In case of success

Let me tell you a story about what lies ahead. Possibly.

A cryptocurrency trader and a stock market trader meet at a coffee store.

The stocks trader wears an expensive suit and the smile of a high school quarterback.  Brown Lacoste shoes and his Aston Martin keys are completing the image of success, let alone his self-assured, cocky demeanor. A second, golden key tag says “tu casa es mi casa“, Wallstreet humor.

He worked several years to reach financial independence that goes way beyond filling his fridge with Moët.

Trading derivatives of mortgages is still profitable he thinks, as he scans the people around him. Even in 2018, ten years after the global economic apocalypse.

“Not everyone can be a winner. I guess these crickets will learn it the hard way when the next mortgage bubble destroys the futures of so many. Good to be on top, yikes!” he reminds himself.

The grayish hoodie sweater next to him orders a bagel and a coffee with milk.

Carl invested in cryptocurrency in 2015, when Ethereum came up for the first time. Yesterday, he watched a documentary about the “Big Short” – The perverted financial carousel almost destroyed society. Ironically, the easy gains of the stock market attracted lots of qualified, smart people. Physicists, mathematicians, “High-frequency trading” has become the exploitative face of the trading landscape as everyone is trying to reach the next percent ROI.

Automated bots are pushing fractions of numbers, a thousand times a second. Particle distribution models and statistic schemes are fuel for these lines of code that are fighting a war against competing bots on the backs of the working class. The obsessive efforts of these HF-traders creating these quant-bots ended in a subjective tunnel, that let them forget what they are trading there. Little green numbers are important, not the real-world consequences.

Wouldn’t it be better if we reach a time where the smart people are compensated for their efforts in their respective profession? The economization of the education system is a problem, he concludes.

“I don’t think this peafowl in a suit is one of the smart kids, though. I better get back home before I start a revolution” as he rescues a slice of tomato and flips a quarter into a cup of a homeless, that is sitting in front of the coffee store.

Carl studied sustainability and found relief in the vision of Satoshi Nakamoto, Vitalik Buterin, David Sønstebø and Come-from-Beyond.

Although cryptoland is rarely unified in their politics, they are in their understanding of what is needed and what not.

The world of stocks/derivative traders and cryptocurrency couldn’t be more different in terms of the outcome.

One side is aiming for individual profits, another one is aiming for a healthy globalization, equality, a better life for everyone. In theory at least.

In case of success, DLT’s will conquer most of the industries for the better.

In case of success, the Semmelweis reflex has been averted.

Today we know that the economic structure of expansion in the world is endless. If China can raise its per head income, other, cheaper countries and areas will produce next. Bangladesh, Africa, parts of the Middle East.

If they can also raise their per head income in a few years, there is no country left that can produce even cheaper.

Expansion on a global scale will find its nemesis in this model of globalization.

In case of success of distributed ledger technologies, though, we can create a landscape of automated cyber-physical systems, that can create value for all of us, without expansion and shifting the production locations.

If we look into the near future, these systems give us the opportunity to silence the bad voices, that tend to aim for an accumulation of wealth.

Instead, we can create a universal basic income.

This idea is not communistic, it’s solution oriented.

With a value-creating industry, we could ensure the adequate supply for everyone. Without expansion, without taking what’s his or hers.

Smart contracts, distributed hard drives, microtransactions.

Tamperproof elections, no mighty intermediaries, no hurdles to send value from Monaco to Somalia.

A world of opportunities opens up that looks so bright compared to the inequality, that can be easily identified, even in western countries, when you go into a coffee store and look around.

The sector model of Jean Fourastié, Allan Fisher and Colin Clark that describes the shifting sectors of industrial nations should be recognized as a model of a transformational period only.

Now, when we have the chance to use ways to face the problems of today, we should use them.

Cryptographic technologies are not for personal gain. That’s the old model.

La casa puede pertenecer a todos

 

Happy Holidays and a Happy New Year!

Happy Holidays and a Happy New Year!

Dear readership,

2016 was an exciting year for IOTA, an exciting year for me and the birth of www.tangleblog.com.

I want to thank all of you for all the constructive criticism and helpful comments for this blog.

I’m really happy and cannot really put into words, that tangleblog.com has had over 10.000 views since Octobre 28th. Which is far more than I have imagined and shows the interest IOTA has attracted.

Thanks for that!

I hope that your year was as interesting as mine and that you have a few days to celebrate Christmas or just a few days with your families and friends!

Hopefully, 2017 will be a year full of good surprises for all of us!

Happy Holidays!

Limo

Summary 2016

Summary 2016

Hello, Folks!

After a few weeks of silence, I’m back with lots and lots of important info about the IOTA ecosystem.
Although 2016 wasn’t exactly the best year ever, for IOTA it was a good one.

 

The following article includes a rough timeline of happenings till today, a selection of the most important new members and last but not least, the articles where IOTA was mentioned in 2016!
Considering magazines, like FORBES, Huffington Post and Coindesk: It is inevitable that IOTA will be -the- next technology to look at. A fact most of the community members knew from the beginning.

 

Timeline 2016

With the successful ICO (Initial Coin Offering) exactly one year ago, lots of stuff has happened.  All in all 1337 BTC were invested (including bonus and Jinn assets) which is enormous.

 

In January 2016 the IOTA Core-team decided to rewind their plans to list IOTA at exchanges (too) soon.

The reason for this decision was fairly simple: The software wasn’t ready nor tested properly.

Even if investors and speculators were pressuring, “Core” decided to take the longer no-nonsense way.  Because IOTA is a back-end technology, not a shiny front-end product.

 

Late February 2016 the official Forum was announced.

 

In the following weeks, a lot of announcements were made.

 

 

Up to this point, IOTA could have kept up with 10 of the biggest Blockchains -easily.

But CORE kept IOTA under the radar of speculators as good as they could.
Being the first IoT-related Blockchain with no fees, it would just be a matter of time before the project would blow up, and for this moment, it would be better to deliver a functioning package instead of a pump&dump product with flaws and holes. -We all have seen enough blockchains with that attitude!

In March, the foundation has been announced. That was one of the greatest step-stones for an ongoing success.

Also, the “Big Deal” was announced. It contained a collaboration between 2 big parties from Asia and IOTA. As payment for their services and partnering, a crowdfunding was set up where a big amount of IOTA was collected to get these partners on board. The details were not revealed for contract reasons. The deal is still disclosed, but we are all eagerly waiting for this rocket!

The following weeks were filled with good news, discussions, clarifications and a growing number of interested people.

 

In April, we got a small hint about exchanges and CORE’s strategy. This strategy was merely a spoon-feed for investors, because as David made it pretty clear  IOTA’s focus lies on real-world adoption.
Time has told us that he was right because the list of achievements is long and is growing every week.

 

In April, some major changes withing the technology of IOTA took place to enhance usability within the IoT.

CORE changed the total amount of IOTA, improved security and optimized its features.

It’s important to emphasize that this transition did not change the amount of IOTAs that anyone has, the proportions are identical.

From now on, testing was #1 on the agenda to make things happen.
Different versions were pushed into the git with lots of bug fixing, to ensure a secure and working protocol.

In June, the new website www.iotatoken.com was publicly released.
The first GUI was made, as well as a release date set for the main net.

The actual date of the main net-release was 11th July.

In the meantime, the foundation was funded by the community.

The fast growing community needed a new medium for day-by-day communication so we moved to slack.

The number of members exploded. Every day we would see new interested members, speculators and developers who wanted to be part of that vision.

Within IRI-Version 1.0.3 peer-discovery was included. Manual node sharing was obsolete with this feature, we thought.

In the meantime, the “Big Deal” was successfully founded. A big step for a global adoption.

As a network-necessity, all people were told to spam the network.

The result were no less than 1 million transactions on 15th September

While testing, CORE discovered that unfortunately peer-discovery is harmful to the tangle-topology.

The community and CORE decided to remove peer-discovery, to optimize IOTA and to make it more suitable for the IoT.

After a long testing period, the main net was online again in Octobre.

Since then, a lot of developers for different reasons have been found.
A new GUI-version is already done, the sandbox environment is finished, a few libraries are also completed.
As testing environment, CFB set up a test net for further improvements of the tangle.
Left to be done are a lite-wallet and mobile wallets. But they are close to completion.

Several snapshots ensure the fast synching of nodes and wallets.

Status quo is: The network is running smoothly, as long as enough neighbors are added mutually.

 

 

Foundation-member

The founders managed to get lots of expertise into IOTA. The first step into real-world-adoption is done with these partnerships.

https://medium.com/iotatangle/welcome-per-lind-to-the-iota-foundation-67bd038ee0c3#.gld7vbi85

https://medium.com/iotatangle/welcome-carsten-st%C3%B6cker-to-the-iota-foundation-51cd65b9d21d#.y00ufdjk5

https://medium.com/iotatangle/welcome-gideon-samid-to-the-iota-foundation-74f7e2360802#.9b3yuc3mv

https://medium.com/iotatangle/the-anniversary-compendium-18cd74d6abd3#.w85gi0av1

 

Conferences

“Getting the talk going” is IOTA’s mantra to reach out to more experts, for more adoption.

https://tmt.knect365.com/iot-world-europe/sponsors/iota

https://hackthevalley.thomsonreuters.com/ (upcoming)

http://www.bitcoinwednesday.com/dominik-schiener-of-iota/

https://techfair.org.je/speakers/dominik-schiener/

https://medium.com/iotatangle/getting-the-talk-going-610116c2869d#.u2koty37b

http://bcs.gongxiangcj.com/364447109/index?pageId=364447140 (chinese)

http://industryofthingsworld.com/en/speakers/

https://www.meetup.com/BitcoinWednesday/messages/boards/thread/50016879

 

 

Articles about IOTA

This excellent selection shows how far IOTA has come, even without beeing added at exchanges.
Imagine what happens when it is added.

Forbes, Huffington Post and Coindesk are well known and show IOTA’s real real-life range.

http://www.coindesk.com/microsoft-ethereum-startup-blockchain/

http://www.forbes.com/sites/rogeraitken/2016/03/14/can-bitteasers-blockchain-ad-network-disrupt-pay-per-click-market/#26175a984e22

http://www.huffingtonpost.com/john-rampton/five-blockchain-technolog_b_12330686.html

https://cointelegraph.com/news/iota-beta-internet-of-things

https://coinreport.net/nasa-mit-others-join-open-solar-energy-project-electricchain/

http://www.chainofthings.com/news/2016/2/12/interview-with-david-snsteb-iota

http://www.ibtimes.co.uk/r3-banking-blockchain-consortium-partners-microsoft-azure-1553100?

http://www.ibtimes.co.uk/blockchain-design-evolving-power-new-economy-things-1572818

https://invesd.org/interview-4-iota/

http://themerkle.com/we-interview-david-sonstebo-co-founder-of-iota/

http://readwrite.com/2016/06/10/blockchain-and-iot-can-solve-the-challenges-of-international-freight-pl1/

https://medium.com/@DavidSonstebo/iota-97592581f985#.6pntjejz4

https://medium.com/iotatangle/iota-first-chapter-synopsis-506fdf874437#.hcc27bccf

https://medium.com/iotatangle/honest-data-f4e25bdac5ad#.dikvjgjer

https://medium.com/iotatangle/the-anniversary-compendium-18cd74d6abd3#.ll57nd5fu

https://bitcoinblog.de/2016/07/13/iota-die-kryptowaehrung-fuer-maschinen-eine-blockchain-ohne-bloecke/

http://www.tangleblog.com/2016/11/22/german-iota-die-internet-der-dinge-revolution/

https://www.btc-echo.de/blockchains-ohne-bloecke-und-chain-ein-interview-mit-dominik-schiener/

 

 

As a result of these astonishing accomplishments, it is safe to say: When the day comes, and IOTA is added at exchanges, we will see green needles on trading charts.

Try to compare IOTA to any other blockchain and draw the conclusion: What market-capitalization would fit? I’m looking forward to see your estimate as a comment below!

I personally expect a listing in early 2017, when all testings are done and the ecosystem is grown to a stable environment, where IOTA can prosper.

Have good day,

Limo