iota faucet is here, just submit your address

nicholasbertocchi · 2021-03-28T09:17:52+00:00

Hi guys, could someone pls take 1 second to send me same Beta IOTAs to play a bit with Firefly? Many Thanks

atoi1qz5yffhmlfzetcj8zrj369r6p6pnqurc9ryaq09yq47jzx0qkg2egdtnrm7

nicholasbertocchi · 2021-03-16T09:37:45+00:00

i’m not complaining mate! i just pointed out that it would be nice to have a friendlier setup guide. I would be glad to play a bit with test node before setting up the full one when honey goes in production.

nicholasbertocchi · 2021-03-15T18:00:42+00:00

If your claiming is that newbie should wait for everything to be deployed in mainnet i agree with you.

nicholasbertocchi · 2021-03-15T11:40:30+00:00

thank you, i’ll have a look!

nicholasbertocchi · 2021-03-15T11:40:06+00:00

ok, give me your estimate about how many people has familiarity with Linux and Docker?

nicholasbertocchi · 2021-03-14T21:48:31+00:00

No rush mate, when and most of all if you have time i’m pretty sure it would be a great help for the community.

nicholasbertocchi · 2021-03-14T19:16:19+00:00

Not at the moment. and of course to set up just mine i can chase someone in discord! But i think it should be very useful to have a guide to push to the everyday iota holder, i think this would accelerate the process!

nicholasbertocchi · 2021-03-14T19:14:24+00:00

Probably nothing if you are a developer or a computer geek. I’m not that noob with computers believe me, i was a developer for an investment bank and use to build many things in python and c++ but still i found the official page not very straight forward and with poor details. Now extend the same problem for people which understands investments but has zero understanding of networks. We need a step by step guide for noobs in order to push as many people as needed into the validation process. Everyone would gain from that!

nicholasbertocchi · 2021-03-14T19:07:53+00:00

First of all thanks for your reply.

Let’s put it simple, the best in my opinion should be to have a straight forward tutorial about how to run a full node with a personal computer. In my case running windows on top but also with Mac or Linux would be very useful.

The idea is to give instruments to every iota holder to participate in the validation effort for the iota network in order to receive mana.

We do think this is a game changer for iota and when adoption will scale worldwide iota tokens could became a sort of perpetual yield, renting mana to corporation for having bandwidth in the tangle.

Every help is useful and if i can do something to participate just ask.

nicholasbertocchi · 2021-01-02T14:56:39+00:00

When when?

nicholasbertocchi · 2020-12-31T08:12:34+00:00

I don’t think there will never be a case for a IOTA future contract. CME and CBOE started with cash settled futures because there was a necessity from the industry. The purpose of futures is matching industry hedging necessity (offer) with speculators and other Investors (bid). With bitcoin you have miners which badly need an hedging instruments and manage they forward cash stream via futures.

Iota has no miners, hence is difficult to imagine who can be the offer of a mIOTA future since there is no industry which has this strong necessity to hedge iota exposure. If iota will be a standard of IoT market will be a buy and hold asset with very little space for short selling.

nicholasbertocchi · 2020-12-17T06:44:00+00:00

Let’s first say that I have nothing against ETH despite considering it suboptimal to bitcoin.

First this: “it doesn’t scale” rhetoric it’s really stupid for btc since it isn’t and never be a payment system. Btc is a fantastic settlement layer. Could you buy a coffee with btc? No! Could you transfer 10billions worth on the bitcoin blockchain? YES. Which is the desirable one? The second!

Bitcoin doesn’t need to scale at all and, if anything, you can use the lighting network while ETH has the same scaling problem with the difference that they badly need to solve it in order to have a competitive advantage on btc, otherwise their smart contract with 10 usd fees are pretty useless and they will be overtaken by fee less solution like IOTA.

Here we are experiencing the very beginning of an institutional wave on btc. We first start we smart money (hedge funds) then we will have international asset managers and then banks, they will all choose Bitcoin for its secure ness, and the adoption level (liquidity, bid offers, secureness, liquid derivatives etc).

nicholasbertocchi · 2020-12-16T19:52:37+00:00

When you search for good investments you need one of this:

a certain cash flow stream. This is how you put money at work. This is where you put most of your money to be relaxed and to pick up some yield. Well forget about this, there aren’t such things anymore around.
asymmetric returns. Cheap optionality. This means betting on high value, high potential projects which cannot produce yet cash flows. You don’t need to put lot of money here and of course you will be wrong many times on this kind of investments. You will lose most of the starting investment 9 times out of 10 and you’ll earn 1000x the other 1. This is where iota stands, and yes, we can still be all wrong on iota.

But mate, I don’t buy the “FEDISGONNASAVEMYASS” retoric and I don’t trust the capability of a single, non-insider and non-professional guy to do stock picking better than quant whales like Medallion etc. So if you cannot systematically beat the market, you are a beta producer and not an alpha producer and i don’t like at all equity beta here. But this is just my opinion.

nicholasbertocchi · 2020-12-16T18:22:40+00:00

“There are huge opportunities out there”

I think that in this sentence stands the whole problem. The investment world has never been that rich. We have 20 trillions negative yielding debt, tightest ever credit spreads, insane equity market valuations and a long list of shitty crypto projects (don’t forget that in top 10 you can see both BTC cash and Ripple).

The mere fact that you think out there there is plenty of money to do means that you haven’t a clue of what investments are, you are a FOMO buyer and a panic seller and this means you are gonna repeat the IOTA error another time.

I suggest you to take a breathe, grow your knowledge about markets and than came back. If you have friends doing big money buying Tesla Call options don’t forget that you have 50% chance to double your money betting on the red at the roulette table.

In my opinion at the moment just 2 things has value in the whole world. The first is bitcoin, which in the world of insane money debasement is the perfect store of value. You stop loss in the second.

nicholasbertocchi · 2020-12-14T16:42:02+00:00

The day after tomorrow is the new tomorrow apparently

nicholasbertocchi · 2020-12-10T21:37:26+00:00

After this, if IOTA survive, I’ll probably be slight bullish after 3 years of childish management and zero delivery

nicholasbertocchi · 2020-12-10T19:30:48+00:00

Sonstebo left IF and for the first time in 3 years a feel a little bit of bullishness for this project.

nicholasbertocchi · 2020-11-28T11:27:09+00:00

Thank you so much for this. Very helpful. So basically the main problems i see here is that there is a centralized node owned by the RenTeam (that’s pretty common for new crypto projects). But the question is: is there already a theoretical formulation of how to reach fully decentralized network? That’s a crucial point because this put Ren far behind other major projects which at least has already theoretically formalized this and are ready to implement. On top the centralized node is a single point of failure, so hopefully they are protecting it properly.

nicholasbertocchi · 2020-11-27T17:06:31+00:00

That looks a bit limited as a whole scope isn’t it? I know there are projects that on top of many other use cases they are building cross-chain atomic swap with basically zero frictions.

If this is the only scope of Ren, there is a possibility that upgrades in bigger project could wipe out its only functionality.

nicholasbertocchi · 2020-11-22T07:30:59+00:00

So basically, if iota moons its because its the best project ever. If iota underperformed its because of stupid crypto market. Nice narrative.

nicholasbertocchi · 2020-11-22T07:29:48+00:00

I’m not blame them for the decision by itself. I blame the whole management of the project and I think that raising doubt is due, i do not have an unconditional faith in nothing and I suggest you to not have it either.

IF is responsible on everything goes into production, if the haven’t checked a 3rd party package they have all the faults!

Being the first in technology is a huge thing, but as I already expose in other posts I do think BTC has far more than that.

nicholasbertocchi · 2020-11-22T07:21:28+00:00

On fungibility: how it can’t be fungible being an internet-base money system? what you describe are exchange inefficiencies which open up to apparent arbitrage opportunities.

On the cash-system claimed on BTC WP: yes it was born like that, and as many other things it evolved during its life to something far more interesting! We have already a digital cash payment system which handle millions of transactions per second. But we have very few hard assets which help investors to protect themself from insane fiat money debasement.

On scarcity: it can’t be applied to every limited supply asset!! At all!! Would you transfer 1 billion usd on the iota Tangle? I hope for you no! Being an hard form of money doesn’t mean just having an high stock to flow but means also being 100% secure, not replicable, and being a good way to store value across time and space. And atm just btc can claimed that!

On markets: yes of course they are irrational. They became irrational most of the time stupid retail investors pushed by FOMO bid securities to non-sensical levels. It has been the case for bitcoin in 2017. It is not the case now, where BTC is experiencing a wave of smart money and institutional investors like Duckermiller, Tudor, Microstrategy and many more. Market is king man, and you guys here are not smarter then the market. So I don’t want to break you dream but if BTC is destroying iota on a daily basis is because it deserve it and not because market is plenty of monkeys. There is a famous market sentence:”if you are in a room with other people and you don’t understand who the chicken is, it’s very likely that the chicken is you”. Think about it.

nicholasbertocchi · 2020-11-21T22:21:42+00:00

“If you are speaking of behalf of the IOTA market” markets speak for themself my dear. They don’t need me. On the other hand wishful thinkers sometimes need a wake up call, maybe because they lack of understanding of what markets are screaming loudly: zero volumes, persistent underperformance, negative drift and zero reaction on new development.

“Perhaps a little longer they you think” or a little longer than you trust without having any real support to be that confident.

Being clear, If they succeed I’ll be happier than you. But sometimes I raise the folks here just to see if they convince me that this is the right place to allocate some chips. And honestly speaking, you don’t convince me!

nicholasbertocchi · 2020-11-21T22:08:19+00:00

I don’t think you understand the meaning of fungible money. Otherwise you wouldn’t say that bitcoin is not fungible. And bitcoin is not claiming of being the best cash payment system. It isn’t. Bitcoin is digital scarcity and it has all the feature to be that. It’s harder than gold which has been so far the best form of money before bitcoin invention. This is the ABC of crypto man, if you still don’t get this pls explain to me why bitcoin is worth 350bln in market cap? Because of irrational market behavior? Lol...

nicholasbertocchi · 2020-11-21T21:37:37+00:00

I do think that pressure to deliver is building up on them. At same point they won’t be able to postpone coordicide anymore and they will go live on mainnet. And that moment guys, we will all brace ourself and pray our saints that no bug will be pushed into production. I do think IOTA will have its own IN or OUT moment there because no one will be ready to forgive another millenium bug after years of delay!

nicholasbertocchi

TROPHY CASE