Implications of a machine economy

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The implementation of a feeless transaction system

One of the key features of IOTA is that there is no transaction fee. It is designed for micro transaction on the Internet of Things. This opens up a lot of possibilities (more on this in future posts). The problem however is, that as long as IOTA transactions are benchmarked against fiat money we are not able to reap the full benefits. Exchange rate risk premiums could counteract the feeless...

On IOTA as a currency replacement

What cryptocurrency has the highest chance of replacing traditional currencies in the future? Is it Bitcoin or some other ones? In my opinion IOTA – Next Generation Blockchain stands a good chance. Better than Bitcoin, although I don’t believe traditional currencies will be replaced anytime soon. Traditional currencies have certain problems, which Satoshi Nakamoto tried to solve with...

Implications of a machine economy