[Oz.]

Well the price of this had a pretty quick correction, might jump on it. Even if with 100$

[void]

(09-07-2017 03:52 PM)Genghis Khan Wrote:  

A lot of these applications can become useless the moment a coalition of the largest electric companies, such as Panasonic, GE, Philips, decide on a set of interoperable standards which doesn't include IOTA. It's reminiscent of the entire VCR/Betamax or Blueray/HD rivalry.

The crucial thing for IOT devices will be support by hardware vendors for devices and the chips, securely running this protocol and wallets for example. As they are raving about sensors and other devices using IOTA, I don't see a need to complicate the current setup of infrastructure (sensors and devices).

If none of those players below, Siemens, ABB..... adopts the protocol or they cook up their own version it will forever remain a paper tiger.
https://www.plantautomation-technology.c...d=noscript
http://www.trendingtopmost.com/worlds-po...t-revenue/

one other thing to consider, the energy cost to run an IOT might be too high. Why do I need redundant billing processes for devices that have the same "customer" 24h 356days a year, it is just a waste of energy and avalanche of junk data created.

The concept has potential, but if they can't find hardware manufacturers to support this, it will falter.
Re-read the prior posts:
"2. There are Ethereum-bases solutions being developed for IoT applications, for example Grid+ from Consensys. LO3 is a startup that's already been implemented microgrids in a partnership with Consensys."
They are in business with Siemens. Private coin on ethereum platform.

https://de.slideshare.net/JohnLilic/transactive-grid

Press-releases:
https://www.siemens.com/press/en/pressre...80emen.htm
https://www.siemens.de/ueberuns/unser-ge...rids.aspx#
https://www.siemens.com/press/pool/de/pr...80EMDE.pdf
https://www.siemens.com/global/en/home/p...phere.html
https://www.siemens.com/innovation/en/ho...stems.html

[[email protected]]

I don't mean to FUD IOTA, I think it has a future but I just want to let you know that 4chan might end up bringing this thing down. I would either buy this aggressively or sell when it drops:

[[email protected]]

^meant sell it before it drops further...

[NewMeta]

I just sold at a p substantial loss, I was day trading a small amount but caught off guard by the drop. If you zoom out of the Bitfinex chart though it should come to no surprise, all IOTA has EVER done is drop, I can't believe I never checked that before playing with it.

The devs are increasingly showing they are completely incapable of marketing IOTA, they won't stay out of political discussions, they get baited by reddit threads, and their twitter support is a joke:

https://twitter.com/IOTASupport/status/9...4298377216

Oh and to top it off they are having yet another security issue:

https://www.reddit.com/r/Iota/comments/6...er_attack/

I sold, now that it has become the enemy of 4chan, how can you have any confidence in it at all? 4chan shills OMG and meme's IOTA, look at each of their respective performances, it speaks for itself.

[Transsimian]

I used to have a few gIOTA, but I thankfully sold them before all the bad news started.

I guess I only lost 10% including transaction fees. IOTA has a lot of promise, but it is overpriced compared to other promising alternatives.

[Travel Museums]

Seems like IOTA is unlikely to have exponential growth.

[semibaron]

I stick with my assessment.

[SamuelBRoberts]

Why I'm down on Iota:

Crazy-high valuation (1 billion +) means that huge amounts of money would have to come in for you to see a 2x or 3x. If the TA supports it you can, of course, still buy, but there's no obvious reason to buy and HODL it over any number of better coins.
From an FA perspective, feeless transactions mean there's no incentive to run nodes: From what I've read there's no good reason to run a an iota node, beyond "You'll get faster transactions" "Maybe you can sell the node data to somebody" "You'll feel like a good person!". Cryptocurrency nodes are computationally and network resource intensive, and will only grow so in the future. http://www.tangleblog.com/2017/06/27/inc...node-iota/ If you want to see the kind of thing I'm talking about.
Doubt in the team: Per above.
Doubt in the underlying technology: Spend some time reading AMAs with the team on reddit and you'll see that people have any number of good, fundamental questions about the technology that the team is avoiding answering.

[semibaron]

Flash channels explained https://blog.iota.org/instant-feeless-fl...572d9a4385

This is a scaling solution until the Tangle is grown so it reaches higher speeds.

[yaku]

Why I find IOTA deeply alarming.

https://medium.com/@weka/why-i-find-iota...4f1908194b

I bought a lot in the 80 cents range, going to take a loss and sell over the next couple of days.

[SamuelBRoberts]

Since I already called out the GNT thread I should probably do this here.

IOTA is the worst coin in its marketcap class. You could literally throw a dartboard at a list of cryptocurrencies and you'll hit one with better long term potential than IOTA. This doesn't mean you shouldn't buy it short-term on a technical analysis perspective, but do not just buy some at market price and hope it will go up. You will lose a lot of money.

[semibaron]

(10-01-2017 05:21 AM)SamuelBRoberts Wrote:  

Since I already called out the GNT thread I should probably do this here.

IOTA is the worst coin in its marketcap class. You could literally throw a dartboard at a list of cryptocurrencies and you'll hit one with better long term potential than IOTA. This doesn't mean you shouldn't buy it short-term on a technical analysis perspective, but do not just buy some at market price and hope it will go up. You will lose a lot of money.

You can also see it from another perspective.

IOTA is the best coin in its current market cap class as it is based on a new technology, which enables a lot of new use cases, all those blockchain based coins can never do.

Time will tell.

[Transsimian]

(10-01-2017 11:39 PM)semibaron Wrote:  

IOTA is the best coin in its current market cap class as it is based on a new technology, which enables a lot of new use cases, all those blockchain based coins can never do.

By that time, our alternative investments would have gone up more, allowing us to buy more IOTA half way through the moon.

[SamuelBRoberts]

"IOTA is the best coin in its current market cap class as it is based on a new technology, which enables a lot of new use cases, all those blockchain based coins can never do."

IOTA is horrifyingly awful.

I'll ask again since the question got ignored the first time: Who is going to run these IOTA nodes that are expensive to run? BTC mining and PoS exist to provide an economic incentive to run nodes, because if you don't have an incentive to run nodes, you get no nodes.
If there isn't a very solid, good answer for this question, the coin will never achieve actual use and will remain a toy with an overvalued marketcap.

[Transsimian]

When make a IOTA transaction, you have to do proof of work for two others.

I don't consider that horrifyingly awful.

What I do consider awful is as of yet, there is no sorting or prioritising of transactions, leading to doubling over and slowness. That, and a lightbulb/fridge/car isn't the best thing to do mining-type work with.

[semibaron]

(10-02-2017 08:50 AM)SamuelBRoberts Wrote:  

I'll ask again since the question got ignored the first time: Who is going to run these IOTA nodes that are expensive to run? BTC mining and PoS exist to provide an economic incentive to run nodes, because if you don't have an incentive to run nodes, you get no nodes.
If there isn't a very solid, good answer for this question, the coin will never achieve actual use and will remain a toy with an overvalued marketcap.

a) Nodes to run are not expensive on the IOTA network as the PoW is done by the transaction issuers (users). So you would have only to pay for a bit of bandwidth and storage space. Even the storage space doesn't need to be considered, as there are frequent snapshots, which delete the transaction history.

b) People who have an interest in IOTA run a full node. I for example do. It's an VPS and it costs me $10 a month. Now, if you are using IOTA in your business you should run your own full node. Furthermore, in the future, machines are supposed to run full nodes (cars for example).

[semibaron]

I just stumbled upon an article that goes into more detail about the incentive to run a full node.

http://www.tangleblog.com/2017/06/27/inc...node-iota/

[SamuelBRoberts]

Yes.

That article is why I hate IOTA so much.
The incentives simply don't exist.

[semibaron]

Quote:

The arguments for running a full node for private persons are therefore still mentionable.

-You are aware of the fact that running the full-node is beneficial for the tangle topology and you want to help. (Yes, that exists)
-You have lots of transactions to make and don’t want to rely on a light node-server, as there is no guarantee that they are online when you need them.
-You have a web app running and need the stable connection
-You want to have maximum speed, so you choose the full-node
-You want to have a copy of the Tangle database, that is generated when using a full-node. (good for several reasons)
-In the future, maybe you provide a service and earn money for a full node.
-You invested and want to support the Tangle as much as possible

That are enough incentives for my taste. As I said, you can't compare Bitcoin/Ethereum Miners with an IOTA node. The IOTA node doesn't have to do any PoW. The only thing the full node has to do is to store the Tangle (a couple of GB until the next snapshot) and broadcast the TXs into the network (I assume you have an internet flatrate). Hell, even your 5 years old Laptop can function as a full node.

[Genghis Khan]

(10-01-2017 11:39 PM)semibaron Wrote:  

(10-01-2017 05:21 AM)SamuelBRoberts Wrote:  

Since I already called out the GNT thread I should probably do this here.

IOTA is the worst coin in its marketcap class. You could literally throw a dartboard at a list of cryptocurrencies and you'll hit one with better long term potential than IOTA. This doesn't mean you shouldn't buy it short-term on a technical analysis perspective, but do not just buy some at market price and hope it will go up. You will lose a lot of money.

You can also see it from another perspective.

IOTA is the best coin in its current market cap class as it is based on a new technology, which enables a lot of new use cases, all those blockchain based coins can never do.

Time will tell.

Generally curious: what exactly are the use cases that blockchain coins cannot do? I'm still a bit fuzzy on what exactly the benefits are of a tangle over a blockchain and how that translates into real-world use cases.

[semibaron]

(10-20-2017 10:04 AM)Genghis Khan Wrote:  

Generally curious: what exactly are the use cases that blockchain coins cannot do? I'm still a bit fuzzy on what exactly the benefits are of a tangle over a blockchain and how that translates into real-world use cases.

Well, it's simple. Blockchain doesn't scale. So everything that does require more than a couple tx/s can't be done. Furthermore everything regarding micropayments can't be done with blockchain because of fees.

https://satoshipay.io/ for example will enable those micropayments.


Furthermore the Tangle can be used separatley from the IOTA tokens to store data. You can upload data fee-less into the network and it will be securely stored. You are "paying" with a small amount of PoW. The automotive industry is exploring this feature currently. Namely Bosch & Volkswagen.

https://www.reddit.com/r/Iota/comments/7...big_thing/

[semibaron]

[SamuelBRoberts]

Billion dollar marketcap, ladies and gentlemen.

[semibaron]

(10-24-2017 12:32 AM)SamuelBRoberts Wrote:  

Billion dollar marketcap, ladies and gentlemen.

I don't know why you keep saying this. Is this because IOTA is overvalued in your opinion? Might be, but then so are all those other coins - NEO, BitConnect, NEM, BCC, hell even Ethereum and Bitcoin itself.

The only thing I know is, that IOTA currently is the only $1+ billion coin out there with the potential to x-fold. Sure, some ICOs or smaller projects might also x-fold, but that's something totally different than something already more or less established such as IOTA.