/biz/ - Business & Finance

>>12298196
>useless shitcoin
that's your answer

>>12298196

this died along with ISIS

It’ll either go up or down. Then it’ll either go up or down like like ever other crypto

>>12298226
no it will go to 0 no support at all

>>12298196
There is one IoT project that will shit on iota
And its literally antshares 2.0

the quality of this board is so dog shit. Even reddit is better. Where to find other fellow 130+ IQ autists to talk about autistic stuff like crypto? Im too autistic for discord.

its another dead platform that started out as a dead payment coin.

the "tech" is meaningless and irrelevant for the long term success or future of these alts. iota failed to get any interest from users, developers, and the little interest from businesses will amount to private chains and an eventual dismissial of the trials like everything else. nobody will bother using what is effectively the tech from a dead project like iota for business use.

>>12298262
Discord is where it's at now. Biz and reddit are for nostalgic boomers and pageet noobs.

>>12298266
okay but why enough interest to partner with Microsoft, AUDI, Volkswagen and some bullshit.. BOSH or whatever.

>>12298262
>Even reddit is better.
gtfo retard

>>12298286
>Discord
D I S G U S T I N G

>>12298289
every company try to test private blockchain but it's a dead end you go public blockchain like BTC & ETH or your dead

>>12298292

>>12298289
partnerships are all bullshit, have you seen what most partnerships consists of? Literally nothing but hot air and hype, some "partnerships" are literally the coin developers signing some form on a large companies website.

>>12298289
That’s just marketing. Just because companies are interested at all doesn’t mean you’ll get rich holding they bags

Since iota jumped from 60k-95k sats alot of iota hate threads started showing up, no one ever makes an Iota thread otherwise. You are lucky maybie to get one or two Iota threads per week otherwise, so I just asume this thread is made to generate fud.

If you want discussion go to their discord, even if you don't think it's a good project. Provide constructive criticism and the community will discuss back with you. Biz hates it because memes are dreams..

>IMO
The ecosystem grows every day, it fulfils a needed role in the world that actually can change how things run, and it's not the only project that is a likely winner out of all this. BTC/ETH/IOTA/XMR are the few sure picks in this space imo. I mean ffs it's in the process of standardisation since September within the Object Management Group. Nothing in this space is a sure thing, but it's foolish to call it a shitcoin at this point.

>>12298289

pretty sure BOSCH are regretting their decision to buy huge bags at $3

>>12298359
ITS a shitcoin

>>12298370
cool

>>12298370
This.

>>12298292
It's true. Biz has zero nutritional value.

This shit is a market cap of near a billion if you want shitcoins buy something that can hit a worthwhile pump

>>12298196

Iota literally can't be used for IoT, or anything. Loss of funds may occur. Running your own node isn't actually supported.

Yes, this is all covered in the manual.

>>12298196
First, they rolled their own cryptographic algorithm, which should be an automatic turn off. In addition, since each TX validates two older TXs, the network requires a certain volume of tx/s in order for sybil attacks to become infeasible, which is a very poor security parameter. I doubt they will ever run securely without the coordinator. Plus there are zero node incentives, which is a huge bottleneck and antithetical to the security of Iota as it limits the tx/s. It's less shit than most shitcoins, but it's still shit. Pic unrelated

>>12298540
Pls tell me what you hold so I can finally know which people are scared most of IOTA
>every coin whos protocol you cant use for free and without fees.
Guess your shit falls into that.

No idea for that to moon, I'd rather check out small marketcap DAG coins like Fantom or Constellation dezu, even if they only roll out mainnet in 2020..

>>12298289
take a closer look at those partnerships, and you'll see few of them have any real interest other than "exploring" the tech, not even necessarily their mainnet. those companies have the means to do whatever they want with blockchain/distributed tech, and they're exploring pretty much everything.

remember, partnerships mean nothing until action, and right now, there's been no action. i'd say theres been no action for anything but ethereum and bitcoin at this point. and while they're delaying, deliberating, and experimenting, these alts, like iota, and getting more and more obsolete in this imaginary tech race all alts are under. by the time they would be ready to make any commitment, its probably going to be too late.

I never tested my IQ but I do have autism and have read the IOTA whitepaper.

It's an absolute joke of a shitcoin. It's consensus algorithm is nonsense. The security assumptions are impossible to realise. It doesn't even work most of the time when people aren't even trying to attack it yet.

It's a useless shitcoin.

>>12298601

You don't understand. IoTA literally doesn't work. They have huge disclaimers so normies know loss of funds may occur. You can't use it for IoT because your smart lightbulb doesn't have a 16 gigs of RAM.

>>12298196
Use case died with low tc cryptos like xlm
Which dont periodically fail
And dont require complicated bridges
May find value long term as a philosophical project
I am bearish
T. 134 iq SB exam

>>12299569
I do very well understand that iota already can run on chips you buy for 2 dollars, now please answer my very simple question.

CA !! Iota = powerfulk Marketing Scam

>>12298196
New fag detected.

KYS, if you didn’t get into crypto in 2026 don’t even bother.

>>12298289
>b-but muh partnerships

lmao

>>12299570
>May find value long term as a philosophical project

(((indeed))), you just need to do some digging

>>12298196
It can't ever work without the coordinator.
The idea is that every transaction mines a bit and many transactions add to secure PoW. The problem is that security of PoW is relative to the value of the network. At any point the cost of attack must be larger than possible profit from the attack, and profit from the attack rises with the value of the network (profits from shorting, collateral damage, etc).
In other words, the fact that iota isn't already safe according to this criteria proves it's never going to be safe.
There's also an absolute security criteria, if the attack cost is really, really small people may attack the network at a loss as a joke. If iota's market cap was $1M or something that could be the case, and only for this case a temporary measure like the coordinator would make logical sense.
At the top, iota was valued at $14.5B, more than ethereum right now. The coordinator wasn't removed. So the issue is clearly with relative security, not absolute.
What could be done to change the relative equation is making the pow harder - however, that would cut out low-power iot devices completely, the supposed target of iota.
This means iota can't work in a decentralized way, ever. They continue to claim it does, even though at this point it's obvious that's false.
That makes it a scam.

>>12298575
This + the following:

>rolled own cryptography algo
>flaw in the crypto algo they rolled detected by researchers after just a few hours of testing
>devs claimed they made the flaw on purpose to fuck over anyone who copied their open source code
>later said an artificial intelligence made the crypto algo
>they switched to mainstream crypto algos and are no longer quantum resistant
>code is designed to run on ternary computers. Ternary computers literally have not been made since the 1960s. No one is quite sure why they did this. It has to be converted to binary to be run on non-imaginary computers, and this slows it down.
>they prevent people from validating their own fake trades by using a "central coordinator." This runs on a server they control. They claim that once they get enough traffic they will turn it off. Even when they were the 5th biggest crypto in the world they didnt turn it off. So basically this isnt even a cryptocurrency so much as a google docs spreadsheet they have control over.
>In november 2017 they somehow broke IOTA so it was impossible for anyone to trade for 3 straight days. How is this possible in a "decentralized" system? No one knows.
>someone got a lot of their IOTA stolen. They complained to the devs and the devs somehow reversed the transaction. How can you reverse transactions on a decentralized immutable blockchain? No one knows.
>by GINI coefficient this is one of the most unequal coin distributions of any coin. The top 10 wallets have like 90% of the coins.
>also, 100% of the devs are Jews. Like actual jewish blood in their veins.

>>12299599
>>12299569
His point is that IOTA themselves are so screaming after IOT adoption by using Terniary Logic. In theory their goal with JINN was producing mass market terniary logic chips that are highly efficient tailored to IOTA . I am pretty much sure CfB has stopped working on it, which doesnt make any sense. If you want to use IOTA now, you can only do it on anctual PC like on a raspie. And so the IOTA node software is compiled in a binary logic language running on some type of OS. It doesnt get more ineffienct and worse than that. They claim themselves to be the fuel of the machine-economy but this doesnt mean any sense only making your own software run on retail PCs running Retail OSs

>the fud in this thread is completely devastating while remaining totally accurate

There is hope for biz yet.