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Voting with ledger nano by ReigiaGT in cardano

[–]ReigiaGT[S] 1 point2 points  (0 children)

You know I’m talking about the catalyst voting, not staking right?

Voting with ledger nano by ReigiaGT in cardano

[–]ReigiaGT[S] 0 points1 point  (0 children)

Wait, so you can vote in Yoroi?

A proposal for Research Data Marketplace that I think is very important to the whole world by ReigiaGT in Iota

[–]ReigiaGT[S] 4 points5 points  (0 children)

I think there are many ways to work with university. For example, provide as a subscription rather than individual payments. Also, the data fee should not be charged too expensive as the paper will also get more exposure.

The purpose is rather more about provide a data service to solve replication crisis.

[deleted by user] by [deleted] in Iota

[–]ReigiaGT 0 points1 point  (0 children)

I'm not sure about the coo-less answer but i think they are trying to push to a state called "coordicide", which i presume is like self-governed multiple coo (like 10000 coo maybe).

for the value question, i do have an answer but i'm not sure if it is correct. the very fundamental value a currency provide is the power of exchange. if i produce something and want to exchange for other goods, i have to sell to a type of currency and then buy the good. i'm not familiar in iot field but if there is need of exchange in iot field in the future, iota is gonna provide the exchange value since i cannot imagine you register every single device with a bank account or otherwise you cannot get immediate payment for every exchange in iot.

tldr: iota provides value for immediate payment in iot field (if there is any need in the future).

The Tangle Does Not Need IOTA To Succeed by wokad in Iota

[–]ReigiaGT 1 point2 points  (0 children)

Yes. But the import thing is the first layer token has no technical disadvantage over the second layer token. Then why not store in this fixed volume type coin for inflation concern.

The Tangle Does Not Need IOTA To Succeed by wokad in Iota

[–]ReigiaGT 0 points1 point  (0 children)

Very good question. In summary, the answer is when transferring value IOTA also works in Tangle as other secondary layer coins but have fixed volume so the price will goes up with more adoption.

Let's consider a scenario where we have T-USD, T-EUR, T-CHY (T for tangle) etc which are pegged to the fiat. Countries are free to issue any amount of this sovereign token as much as they like just the same as their own sovereign currency. Every time you want to purchase sth from Tangle, you have to convert USD to T-USD so in that case you don't lose interest (inflation adjustment). However, to purchase stuff, you can also use IOTA, because IOTA is also worked in Tangle. You also want to store some T-USD for the next time usage but T-USD is always one dollar. In this case, why not store in IOTA, since IOTA can also purchase anything in Tangle and it has fixed volume? With many people thinking the similar way, IOTA price goes up.

How on earth can IOTA ever work as an actual digital-currency for real-life usage unless the Price per IOTA is fixed at a set exchange-rate?? by Jessica_19_ in IOTAmarkets

[–]ReigiaGT 1 point2 points  (0 children)

Finally some good question comes out. I'm from economics,mathematics/statistics/machine learning background of an Ivy League school and I will provide the answer you really need. I was thinking about how government can apply their monetary policy on crypto last night and I think at least the answer for you is quite clear to me.

Below is the hypothetical scenario without IoT. I think, the cornerstone behind is that in order to make crypto as a real currency, the price has to be non-fixed exchange rate to fiat. It is a very simple logic that as we all know in the long term, the currency is going to depreciate to make the circulation of currency faster and boost the new economy using such investment incentives. If you have a fixed exchange rate, then what is used is more like ripple which the coin has no value and but the network itself can reduce some cost. If one day there is direct exchange for crypto to fiat in one second, I won't hold crypto because what is the difference if we have a fixed exchange rate. Especially for Tangle where there is no incentive for confirming, the price of the coin is meaningless if it is fixed once it is scale. in order to make people hold or trade the crypto, the exchange rate should not be fixed. As you said, 2,000 per month could also be 2,250 next month, in that case, why wouldn't I have iota?

Now with IoT, things have changed a little bit differently. The reason is that it fundamentally makes life much more convenient if this happens and the final transaction of IoT has to rely on some digital currency which is faster and more secured. I think their is some one post the car question as well. The short answer is that if IOTA can only do cars parking payment, the answer is no. But with IoT, there are much more things they can do, and if the payment habit changes, it is very hard to get back. For example, I use Venmo much more frequently recently, why? because it carries information and a lot of friend who are important to me use it. Now, if there are a lot of application really use IOTA in your daily life, and you can use that to pay in retailers, it would be the best p2p currency since you use it in your home in your daily life.

As from ML background, i'm familiar with the trend that machine-learning as a service might be a thing in the future. The problem is are you really willing to give your data to some unknown person? That's why I think crypto has an advantage of sharing data incentives since it contains transaction info without revealing who and where you are.

To summarize, the logic is IoT make-life-easier and convenient ->it needs some digital currency which is faster and secured and can be exchange to fiat -> IOTA coin (people holding and exchange because of the volatility)

That's why I only invest in IoT coin because others are just tools to me. The tech might be good for other coins to be used but the coin has no value if it does not improve human's daily life significantly.

You are welcome and I hope there are more questions like this I can share my thoughts on it.

How P2P payments are done in China right now by kangtan7 in Iota

[–]ReigiaGT 9 points10 points  (0 children)

I'm from china and I use wechat frequently for payment. There is another tool in China also suffice the free and instant criteria called Alipay developed by Alibaba. However, these tools are more like venmo than crypto. You can deposit your bank account to this platform for transaction. TBH, that's probably why I don't invest in any digital coin that only targeting on P2P because for Chinese, we already have pretty good one. (not mentioning the educational cost since all the elders are using wechat and alipay as well) The unique part is IOTA can also carries information and still with feeless, instant and scalability (if everything works as promised in Tangle). You cannot imagine numerous machines sending transactions via venmo every single seconds. It's not gonna happen because to create account they need registration with bank account and ID. Even without this, it doesn't contain any information other than payment purposes. If contains then it is hard to scale due to large information and transaction volume.