IOTA at the Crossroads

A picturesque representation of the Trilemma, a Vitalik Buterin’s concept

“They say that human nature is competitive, that human nature is aggressive, that human nature is selfish — it’s just the opposite, human nature is actually cooperative, human nature is actually generous, human nature is actually community-minded.

What we see, with people sharing information, people receiving information, people committed to the better world, that’s actually human nature.”

(Dr. Gabor Maté, a physician specialized in neurology, psychiatry, and psychology)

Graphical Abstract from “Can Ternary Computing Improve Information Assurance?” paper by Bertrand Cambou, Paul G. Flikkema, James Palmer, Donald Telesca and Christopher Philabaum from School of Informatics, Computing and Cyber Systems, Northern Arizona University and Air Force Research Laboratories

Yevgeny Zamyatin wrote about true literature when he said, “it can exist only where it is created, not by diligent and trustworthy functionaries, but by madmen, hermits, heretics, dreamers, rebels, and skeptics.”

Inspired by Bitcoin and its forks, the author of Qubic began to think of a currency that would have advantages of Bitcoin but would not have its disadvantages. After a while he came to a concept that was named “Qubic”.

Alas, JINN is effectively worthless for there isn’t a market for it, not at the moment.

Please note:

- IOTA did NOT mine tokens so those could not be pre-mined
- IOTA is not an ERC-20 token, but an entirely new protocol that issued all of its tokens at once, so those tokens can not be burned
- IOTA co-founders had to purchase their own tokens on the open market.

Ternary is not dead — it’s an interesting and promising research topic that has the potential to replace binary in the long run. And since we already have so much expertise in this area (see troika), it would be stupid to not continue research in this direction. But I tend to agree that building a trinary system for a binary world is not necessarily the best idea. If you want to become a global standard, then you should at least be compatible with existing standards, first (and this is not my thinking but based on feedback from corporates and partners).

Since IOTA is software and software can be upgraded, we can easily add trinary support “once its ready”. Since trinary computers can execute binary code without loosing performance (they just ignore 1 of the inputs), the protocol would anyway be “backward compatible”.

It doesn’t make sense to ignore today’s world, when trying to shape the future. People will only be able to “understand and follow you” if you are willing to “understand their needs” first.

IOTA tokens sale and claims announcement

Those un-claimed donations have taken place TWO YEARS before the IF solicited 5% donations for its work and that money went to David’s IOTA AS company, in charge of JINN.

IOTA Donation Address

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