Guess who is working on preventing that to happen this time.īuy on Amazon (Reflink) The Age of Surveillance Capitalism Almost all media inventions got monopolized in the long run. Many early adopters were certain that it would benefit individuals and communities. There was a lot of enthusiasm at the beginning of telephone, radio and TV. I found this book fascinating because it draws the big picture of the beginning and development of mass media. The Master Switch: The Rise and Fall of Information Empires Not the other way around!” – Olaf van Wijk
“Build the use-case first and then mix in the financial ledger. Soon enough, it will be possible to wrap Bitcoin in IOTA and trade it without fees. The tangle is free to use, you can use the token, but you’re not required to. Organizations all over the world can access this data and pay for it – with the IOTA token. The tangle is open, free and feeless, so anyone can use it. An individual can put up a sensor, gather meteorological data like temperature, air humidity and pressure and feed the data directly into the marketplace. For this, the IF built an autonomous and decentralized marketplace. The IOTA protocol enables individuals as well as companies to monetize their data. That means there is no doubt that due to scarcity the Iota price will have to go up, which means that the need to divide into smaller units may approach rather quickly.” – Eric Hop, IOTA Foundation
Let’s say that every IoT device will hold on average 1 dollar worth of Iota and there are 2 devices for every human on the planet (14 billion).
There currently are about 2.78 billion Miota at roughly 23 cents/Miota. “Imagine billions of IoT devices each having to pay each other small amounts. These machines will interact with other machines.
Iota tangle plus#
More and more machines will have processing power plus the ability to connect to the internet. It’s not difficult to look into its future, though. The Internet of Things (IoT) is still in its early stages.
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