So excited for the upcoming enhancements for Streams and Identity. With the next releases, you'll start seeing the two interoperate. Allowing you to govern streams with identity. And allowing you to tie decentralized data streams to a decentralized identity.
This will serve as the fundamental basis for advancements on data ownership and content creation. Allowing a whole host of new solutions to spring into the market around identity wallets, and IoT device governance and data selling.
For data selling, payment streams will start to come onto the roadmap and tied into the Streams and identity aspects. Allowing fully decentralized, peer to peer data marketplaces to finally be realized. Utilizing a massively secure and scalable infrastructure.
Something has been bothering me about the crypto space lately. I see often statements like, "Yeah cool, but will they use the token for that?"
It just shows that people forget to ask the simplest question.
Why should they?
Whats the point?
With most crypto projects, the token use cases are so amorphous that the "Why" is almost nonexistent, outside of, it makes a few people a lot of money. You inevitably get to a point where the answer is, "for payments!"
But payments for what?
Reprogramming the financial sector is great, I will not negate that. The efficiency increases, the transparency and accountability that can come into play create massive unforseen impacts at scale, if solutions ever scale to the level to accomplish that.
25/ / I, and others working at the Foundation have sacrificed magnitudes more in value, than the losses you have suffered. I took a big pay cut, and a big benefit cut, like many others.
26/ And I did it because I wanted to do something more, and work on something that could truly make an impact on every single person if it could be done right, accomplish its vision, and do it at scale.
27/ We’re a small foundation, and we’ve worked tirelessly for years to make the absolutely monumental progress we have in the technology. We’ve rid it of inefficiencies. We’ve solved the problems we set out to. And now we’re building the last pieces we need to bring it to reality
1/ Hey @coiner_lol I can see you’re passionate about the protocol, and you see that it has potential, but have suffered losses through the token performance. I understand that, and I know how losses are never something someone looks forward to.
2/ You have a few things right. The key among them being the need for simplicity. The crypto/blockchain/DLT space is highly complex and difficult to bring non-technical people into due to the level of depth and breadth that some of the work entails.
3/ For most, making that simple and telling the “So What?”, can be just as hard as building the tech. We at the IOTA Foundation have not done well at this traditionally.
1/ For clarity, MANA will not be assigned or transferred by users. It is NOT a token. It can NOT be traded. And it should NOT be considered an implementation of DPoS, but an evolution as @hus_qy says(TaPoS). MANA is a metadata ability linked directly to VALUE transactions. #IOTA
2/ In a technical sense, it will be more like a protocol wrapper or header once implemented with the purpose of saying that a fund transfer is reputable because the node sending the funds is within its threshold.
3/ Then verifying that it's within that threshold by tying the underlying MANA to the value transaction and associating that MANA with the decentralized identifier(Node ID) tied to the node. This process is fully asynchronous and autonomous between nodes.