RE: What is IOTA? | The cryptocurrency for machines

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What is IOTA? | The cryptocurrency for machines

in cryptocurrency •  7 years ago 

OK, I'm still stuck on the part where my refrigerator would both order and pay for the weekly groceries. Now, the fridge (or the car) will also be generating its own income to take care of that without my input, right? :-)

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@soleliberty,

You are not that far off the mark.

If you setup your car to handle your Uber transactions and your fridge sells excess energy during off peak hours, in theory, yes, they end up paying for themselves - especially if they interact with a restaurant delivery bot or movie theater application.

In other words, they will eventually be hands-off, autonomous, value-exchanging enitities within the IOT.

BTW, I am JaiChai. Delighted to make your acquaintance.

Namaste,

JaiChai

lmao! Delighted to meet you too @jaichai :-)