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A comment on MIT Media Lab's concerns about the cryptocurrency IOTA. Parent comment

Re:MIT Media Lab's concerns about the cryptocurrency IOTA by kogepathic on Thursday December 21, 2017 @01:33PM (#15981495)
> the article goes on about how the computational power is a fee for no other reason except to discredit the IOTA devs

Well someone has to buy hardware and pay for electricity to run the computers.

Computational power is not free, unless you're running a botnet or something.

> people have an abundance of computational power and can process IOTA transactions

And they get in return... ?

A warm fuzzy feeling for having paid money for hardware and electricity so someone else can put something on a blockch-- whoops, I mean a "Tangle."

[ Parent | on HN ]
Re:MIT Media Lab's concerns about the cryptocurrency IOTA by ringaroundthetx on Thursday December 21, 2017 @03:10PM (#15982359)
yeah but I didn't ask you or anyone about that, or say that it wasn't a form of a fee, I was explaining what the grand parent comment saw as obvious as it was obvious to me too.
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