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RE: Understanding IOTA: Not Another Bitcoin
Very good write-up. But I still do not understand why (and if)you will need to pay the micro payments in IOTA (than it could become really valuable) or if its network will be used to host other cryptos - which are pegged to the USD or EUR. Then you would not need the original IOTA coin anymore at some point in time.
The micropayments are done by the users using the network, which is verifying the transaction. So it's like a cycle enabling free transactions.