![]() ![]() OP has got like a thousands explanations about how IOTA has value and yours were pretty crisp and compelling. They even make an argument of iota's feeless nature, which clearly is one of it's most valuable features, to explain why it makes it valueless. It's so funny to see how people coming from other blockchains are so brainwashed in paying fees and finding it a normal feature, that they associate the value of their coin to paying fees. the temporal recharge aspect being the magic. I think of mana as being like the first derivative of POS. The rate ar which the received iota mana recharges and indeed the function of recharge: step, linear, expo, has yet to be optimised. nodes cant hoard, unused nodes mana decay to zero over time. a nodes mana is proportional to its transaction throughput over time. it acts as a fluid trust ranking for nodes, the more folk tx through a node the higher its avg mana is. you cant tx until your mana is charged to some absolute threshold, relatively big bags recharge faster.įurther. No mana is ever created or destroyed, just transferred. The mana will (over time) get transferred from the tx-node to the received iota. The sent iota lands in recipient wallet with zero mana all mana associated with the sent iota gets given to the node that did the tx. That mana is required to be stuck to the iota if you want to make a tx. My hope is one day I can delegate my tokens to a node and receive yield from that node generating income for faster network access. However, because mana needs to be constantly generated, the holder must continue to hold. If a node generated a very large amount of mana through holding tokens, eventually that holder could begin to sell off iota. I think this is brilliant because it keeps the value in the iota token. Mana eventually disappears, so it must constantly be generated via holding. Send 1000000000000000000 emails and your network access fee is still the same.Įdit: I wanted to add to this because I also think it’s important to note… mana is not like a token. You pay a rate to access the network but the transactions are free. I think it’s important to note that if someone chooses to access the network for faster speeds via paying for network access, they will still use the network with no fees. So those people or companies would need to pay to access the network at a very fast speed. There will always be a need to access the network at a very high speed and not everyone or every company will be interested or able to purchase tokens to generate mana. The more mana = a faster speed within the network. The more Iota tokens you hold, the more mana you generate. In relation to mana I think a good explanation is to think of it as bandwidth in a network. ![]()
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