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Rue Bue
19:23:15

👍

Memnon
19:23:36

But there are many who joined the cryptoscene at its hype trying to make a quick gain and are now moving away from the space entirely

Memnon
19:23:50

So we see these accounts becoming inactive and later deleted

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Memnon
1:42:38

hi all, I spoke to one of our community members today in a private message, but since he asked questions some others also might have I'd liked to share it here also (after he approved to that). So here it comes:

Memnon
1:43:35

Hi, can i ask u some quick info about IoP? I've skimmed the WP but stil confused on some things.

Memnon
1:43:36

What questions do you have ?

Memnon
1:43:36

Sure

Memnon
1:43:37

so first is al these protocols, Prometheus, Mercury, Morpheus, etc, etc.. Are these just things that'll be added to IOP in the future, or are they going to be like a Dapp that require it's own token or?

Memnon
1:43:37

And some things already are produced, our TitaniaOS for instance and the Mercury communication protocol. We're expecting a demo of the Promotheus very soon as we're getting ready to put in place for the universities we're collaborating with.

Memnon
1:43:37

They won't get their own tokens, they are part of our technology stack.

Memnon
1:43:38

A lot of the groundwork is already done, luckily, and we're really getting into the phase where all the elements come together into an unique tech-stack / system. Fully self built independent, gatekeeper free etc. Giving users the tools to grab back their online identity and starting a wide range of claim verification applications. Those are being co-developed with the universities as they give us the best real world use cases and test-bed environment

Memnon
1:43:38

Here's a dev demo from several months ago to give you a little bit of a glimpsehttps://www.youtube.com/watch?v=kAPgYtxQtGE

Memnon
1:43:38

Thanks, will watch shortly: another Q is the tokenomic model of IoP:: Apart from the PoS part with Hydra will the token play any other roles?

Memnon
1:43:39

Sorry had a phonecall.

Memnon
1:43:39

Sure it will. One moment.

Memnon
1:43:39

So to use the system first you need a DID To create one, you need to make a transaction to the iop blockchain. So there the IOP comes into play. After you have a DID, you can start creating claims to that DID

Memnon
1:43:41

If you change something in that DID "document". Manage keys for devices etc it also costs a transaction on the blockchain.

Memnon
1:43:41

Creation of claims and verification of claims doesn't cost anything. Making it super efficient to use and something that could really expand quickly. However you would need a transaction for instance time stamping claims on the blockchain though (for auditing or publicity purposes for instance).

Memnon
1:43:42

Does that help ?

Memnon
1:43:42

Really the sky is the limit here but for instance of the universities we are working with we are seeing things like is certain DID a student, this then gives him a pass on the public transport locally. But also, what grades somewhen has, where he has passed his curriculum or not or have some special achievement. But also for instance whether someones is of X age and older in order to allow or deny him/her drinks / access. Is someone part of a group (for instance the IT club) which has access to certain facilities.

Memnon
1:43:42

What type of claims would one make to their DID?

Memnon
1:43:43

Our entire world is strung together from assumptions which are countered by claims. Those claims are now often centralized, and can only be verified by oldschool methods. think of a passport / id for instance.

Memnon
1:43:43

While many things currently are regulated by law, we found that in universities, many things are not, they are open to how the local uni wants to do it. So this is a great test bed as I said for the systems.

Memnon
1:43:43

This allows them to do things differently

Memnon
1:43:44

We are talking to several others in a similar fashion though

Memnon
1:43:44

Plus all the various departments (law, economics, science, it, healthcare etc.) all have their own system and ways of thinking. it will be worked into their curriculum to think of how to best apply this technology At least for the university where we already have announced the formal collab with (UAN , Mexico Nayarit, 30000 students).

Memnon
1:43:45

It's a now consensus mechanism

Memnon
1:43:45

cool, cool. Last question is will Hydra require some sort of token swap or a new chain?

Memnon
1:43:46

So you know PoW (btc like) PoS etc.

Memnon
1:43:47

but developed by ourselves

Memnon
1:43:47

Well we use a Algorand like consensus mechanism

Memnon
1:43:47

It's POS like from the point of view for the holder

Memnon
1:43:48

But in terms of inability to fork, the stability and capability to handle what we need is much more suited the the BTC PoW system

Memnon
1:43:48

Right; but will it require the user to do anything once the changes are made?

Memnon
1:43:48

Once that's finished (its work in progress now) current IOP chain (which is POW) will be moved to that.

Memnon
1:43:49

It's really a very interesting space, something Microsoft is also looking to tackle .. in some form... :https://siliconangle.com/2019/05/13/microsoft-ion-brings-decentralized-identity-management-bitcoin-blockchain/But we believe or actually we know we have the better systems and components in place to do it. Doing it right from the group up where they want to make it an overlay protocol on top of btc

Memnon
1:43:49

Update it's wallet.

Memnon
1:43:50

Sweet.

Memnon
1:43:50

We are a serious project that has existing for quite some time and that has been building into this direction with careful thought. We're not one of those money grab hype tokens or coins out there.

Memnon
1:43:50

and Yeah, it' was only a matter of time before big tech came in

Memnon
1:43:52

In fact we didn't even have an ICO

Memnon
1:43:52

Because all they see around there are 2000+ coins that are trying to outhype eachother

Memnon
1:43:52

For many this is confusing

Memnon
1:43:53

It's complex matter to start with and all the market FUD and Hype doesnt help

Memnon
1:43:53

So it's difficult to judge what's going on 'under the hood' and who's building something that will be relevant to lives in 5-10 years

Memnon
1:43:53

But we soldier on :)

Memnon
1:43:54

Yeah, tbh I saw IOP at the $4-7 range back in 2017 and kept to my hyped shitcoins but now I look for projects that not only continued to build in the bear but have tokenomics of some sort... you'd be amazed at the projects that don't have tokenomics.

Memnon
1:43:54

As I often say in the chat, we can't control the price in the market, as painful as it sometimes is. We can promise to deliver on our roadmap, which causes natural use / adoption of the IOP chain

Memnon
1:43:55

You guys will prob face the same problem v Microsoft.

Memnon
1:43:55

and as for above with Microsoft; unfortunately companies, etc will seek their advice and will generally sell them something that isn't or change their thinking of what is/should be... I'm quite friendly with the fellows of a decentralized supply chain project and they've said often when companies invite them in to talk about it they've already been briefed by IBM, etc.

Memnon
1:43:55

BUT hopefully decentralization wins in the end.

Memnon
1:43:56

Indeed, it's needed. If not for us, then for our kids.

Memnon
1:44:6

Just to add , we dont have a huge war-chest or anything, but we have fiercely loyal talented devs and the mindset to deliver and a solid organisation plus enough to keep us going development wise for the next 2 yaers at least.

Memnon
1:44:7

In any case, I have to be off for some moments. If more questions pop up, feel free to ask them always.

Memnon
1:44:7

So we'll be here for quite a while

Memnon
1:44:7

It's been nice speaking to you Ralph.

Memnon
1:44:8

Yeah you too, thanks for the answers.

Memnon
1:44:8

Sure.

Memnon
1:44:8

Hey Ralph, strange question perhaps. But is it ok if I share this conversation unedited with our main channel ? I mean I think you're asking the questions some others may also have and perhaps this is an interesting way to share that information.

Memnon
1:44:55

Hopefully that answers some questions others of you also have. If not , always feel free to ask. Either here and/or in a DM ( after asking )

Rue Bue
2:50:24

👍👏

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3:40:41

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Gem Yong
9:38:35

Internet of People

Gem Yong
9:38:46

What is the official email address?

Rafael Coimbra 🇧🇷
9:39:6

Hi

Rafael Coimbra 🇧🇷
9:39:37
Gem Yong
9:39:50

thanks

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🤔

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ANDREW
20:13:12

hi

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sami sara
20:49:27

I didn't receive any token admin, why!!?

Ryan Witchell
20:50:32

Why talk nonsense again!!?

sami sara
20:52:12

Are you a lawyer 😑

dwk 🇩🇪
20:52:34

@samisara88which tokens do you mean?

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👩‍👦👠 C A M E L I A 💻📱
21:45:12

Wrong channel 😜😂

👩‍👦👠 C A M E L I A 💻📱
21:45:20

We don't have a give away 🤷‍♀

dwk 🇩🇪
21:46:47

I really have no idea what he's talking about. He always says the same thing. he did not receive tokens. but does not explain exactly what tokens he means. could also be that he has problems with a transaction.

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Rue Bue
3:59:20

how many transactions per second (TPS) will reach Algorand/Hydra?

Rafael Coimbra 🇧🇷
4:32:54

Well if I'm not mistaken around 1000 p/second. But the devs will anounce this when they are sure about it 😁

Rue Bue
4:36:37

thanks, 1000 (TPS) 😎, that's a lot. would be great if IoP achieved that.

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Annett Luis
7:54:49

Alright thanks