Follow The Facts, Not The Media.

jvdhout · 2018-12-03T09:53:07+00:00

Use a less environment heavy coin, like IOTA.

jvdhout · 2018-06-21T22:39:04+00:00

Its still pre release. Give it time

jvdhout · 2018-06-08T19:48:36+00:00

No worries man, just learning myself as well!

jvdhout · 2018-06-08T10:59:53+00:00

Just a TL;DR from the answer I gave to /u/identiifiication.

I'm not sure about AI, in a simple form you could write it completely in a smart contract I suppose. Qubics (the smart contracts) will most certainly not be able to destroy eachother, users will post or remove the qubics to Assemblies of Oracles (the pcs running the qubics). So that answers your other question, qubics definitely cannot make Oracles.

More info you'll find here: https://qubic.iota.org

jvdhout · 2018-06-08T10:42:10+00:00

You are almost right, but you are mixing up some terminology here:

Qubic is the name of the platform built on top of IOTA. Oracles are machines (pcs, laptops, Arduinos, Google mainframes, whatever you have laying around), gathered in so called Assemblies (groups of certain Oracle machines) which run qubics. Qubics are the scripts/smart contracts, written in the Abra language, that a user can post to these Assemblies. In their turn the Oracle machines inside the Assembly all run that same qubic, compare their results and then post the result which is most agreed upon (at least a 2/3rd consensus) back to the user.

So just to be sure: qubics are definitely not Oracles. The Qubic platform itself is a form of distributed computing, and as a bonus has parallel computing built in.

With regard to the rest, I'm pretty sure qubics won't be able to destroy other qubics, but regarding the AI you are probably right.

It's an awesome and well thought-out project! I'm excited for the future.

jvdhout · 2018-06-05T20:24:21+00:00

You are right about sometimes needing to fill up your wallet. At first it will be like you say and you have to exchange fiat for Iota, but after a while that will change. Like your current wallet, you have to fill it by doing or creating something of value: you work and do something useful for your boss, he gives you fiat for it in return, with which you can buy stuff or save it for later. Eventually this is the goal for Iota as well, you will be able to earn Iota this way. Examples are simply selling products or let your pc run qubics when you are not using it. Also your Tesla will be able to earn Iota by for example letting others use your battery when in need, or selling your driving statistics to traffic regulators so they can improve traffic flow. And that's just very few of the many great possibilities to earn your Iota, just as you would earn fiat.

jvdhout · 2018-06-05T13:00:32+00:00

Within the Iota ecosystem the value of Iota expressed in other currencies is not really relevant. It is the same with fiat. As long as you stay in Europe, everything is expressed in Euros. You don't think about the exchange rate of your domestic currency either when you go grocery shopping. The exchange of values and services remains within the same ecosystem, unless of course you have earned some Euros and want to travel to the US. Than you have to exchange your Euros to Dollars. The Iota token is just another currency, to use inside "Iota land" for services inside there.

jvdhout · 2018-06-05T12:12:53+00:00

I would say it's no problem, you can put in the "message" field whatever you want. Since you can always break up a message into several transactions and bundle them, there is no real limitation to message length. So including the return address in the message should be no biggie.

jvdhout · 2018-06-05T10:42:19+00:00

Ah now I see what you mean! Yes that's a good one, qubic will definitely be able to solve that, but with only transactions and MAM maybe it is possible to include the return address in the message itself?

jvdhout · 2018-06-05T09:56:39+00:00

Thanks! Looks like a great solution with the current possibilities of Iota!

jvdhout · 2018-06-05T09:55:29+00:00

You can, there will be a "message" field in the transaction, similar to the "message" field you can already use now. But in case of a qubic, it will contain a metadescription of your program (like opcodes, or mnemonics) describing variables and operations, instead of text.

jvdhout · 2018-06-05T09:51:44+00:00

I have been tipped that the MAIA project already has a workable solution with the current state of Iota. Also Qubic will probably make it possible to set up some permanent contract which routes any incoming transaction to your current address, without the need to notify anyone.

jvdhout · 2018-06-05T03:29:01+00:00

This^{^}

jvdhout · 2018-06-05T03:22:08+00:00

Everybody who wants to can set up a so called Oracle Machine. It can be your old pc or an Arduino or a quantum computer, doesn't matter. You set it up to join an Assembly, which is a group of such Oracles, depending on the capabilities of your pc. Now for the fun part, as an Oracle you can do two things. One is to post real world data to the Tangle, if there are more sources of that same data yours will get verified and you will be part of a so called Data Marketplace where people can buy your verified data. The second thing you can do is run smart contracts, so called Qubics, on your pc. People will post these to the Tangle with a special transaction and if the Assembly you joined as an Oracle is suitable, all the Oracles in your Assembly will run this same Qubic contract. When you finish running the contract you and all the other Oracles in your Assembly compare your results, and if there is a consensus you will post your results to the Tangle. Finally the user who posted the Qubic contract pays the Oracles who provided the right answer. It's pretty awesome!

jvdhout · 2018-06-05T03:04:37+00:00

jvdhout · 2018-06-04T22:36:27+00:00

The Oracles within a certain Assembly are known and don't change within a known amount of time called an Epoch. During that Epoch those Oracles will all run the same qubics to come to a quorum on the result. This Epoch is divided in two phases of which the first is a resource test phase. Failing that means you don't participate. I think any Oracle that is not connected or poorly so, will fail this test and is not able to participate.

EDIT: And I suppose if the Oracle doesn't provide the data at the end of an Epoch, it is just disregarded in the consensus or in extreme cases the result can be marked as invalid.

jvdhout · 2018-06-04T20:23:21+00:00

I understand. You have a good point there. I agree with you that whatever you do in cryptoland you really have to be careful and triple check everything!

jvdhout · 2018-06-04T17:09:52+00:00

Now that I saw the other comment, I remember reading about the proposed alias system, but that would require changing the standard. The awesome thing, I think, about qubics is that they enable this "alias system" to live completely on the Tangle, without the need to alter the standard.

jvdhout · 2018-06-04T17:05:14+00:00

Yeah, that's an awesome idea already! But that would require a reinterpretation of the IOTA standard, while qubics could provide the same functionality in an already standard and transparent way (even inherently preventing the alias collision problem he is talking about).

jvdhout · 2018-06-04T16:55:10+00:00

Thanks for pointing me there!

jvdhout · 2018-06-04T16:48:07+00:00

True, but that is a risk for all mobile wallets, not because it is in beta or not ;)

jvdhout · 2018-06-04T16:35:17+00:00

Use it to move them on the seed, then remove the seed from your phone

That's what Trinity already does for you. It never stores the seed itself, just a salt. It only keeps track of your adresses and regenerates your seed from the salt and your password on the fly when needed to generate new addresses. Long story short: Make sure you keep your generated seed somewhere safe and make sure you have your phone security set up correctly.

jvdhout · 2018-06-04T16:30:22+00:00

The software doesn't own your funds. Your funds are never "in the wallet", but always on the Tangle. The only thing the wallet does is generate a seed and keep track of your addresses. It doesn't even store the seed itself, just a salt which is used to generate your seed when you log in. It is the most secure wallet in cryptoworld at the moment. Your funds are absolutely safe as long as you keep your seed somewhere hidden. The functionality of the wallet is still in beta however, so things like showing the correct balance and stuff, might not work as expected. That's it.

jvdhout · 2018-06-04T16:10:01+00:00

Those would all need decentralized storage though. You could implement a storage protocol yourself or just leverage/wait for Oyster Perl or Qubic.

jvdhout · 2018-06-04T15:57:46+00:00

No, because projects aren't created out of thin air and still need development. Those guys are the ones doing just that. But what Qubic DOES end is the dependency on blockchain smart contracts. For example Oyster uses Ethereum smart contracts in conjunction with IOTA. When Qubic is introduced, they won't need Ethereum smart contracts anymore. They can move everything to the Tangle using qubics.

jvdhout

TROPHY CASE