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4935897 No.4935897 [Reply] [Original]

TL;DR be wary of IOTA, don't go all-in right now.

I posted this on their reddit in a polite manner but since it's not getting approved:

- The network is being severely congested by a spam attack right now. The premise of IOTA was to be resistant against spam, however, the spam is still happening. Is this because of a fixable bug / oversight, or is this a fundamental problem with the protocol that cannot be fixed conclusively (without introducing fees)?

- The POW (proof-of-work) involved with sending transactions - it takes several seconds on my desktop PC to complete the PoW for a large transaction. IOT devices are orders of magnitude less powerful than PCs. How can small embedded IOT devices complete transactions in a sensible time, and how can they afford to waste a huge amount of electricity in the process? Most IOT devices would use batteries, and every wasted joule is a sever disadvantage. The proposed solution by the devs has been IOTA-specific hardware to solve the problem. But let's be real - how likely of a scenario is it that billion-dollar businesses would spend billions on R&D just to develop hardware for one crypto to work?

>> No.4935909

>>4935897
- The safety of the ledger - as far as I know, the algorithm for storing data in the tangle is currently not peer-reviewed by too many persons of sufficient credibility in the crypto community. We still aren't quite sure about how sure we can be that double-spends won't happen, and that the ledger will remain in a valid state.

- Feelessness - as pointed out by /u/sunnya97, it's possible that since many nodes can't do the required POW for transactions, thus resulting in the rise of more and more public nodes. These nodes are likely to ask for transaction fees, much like miners in Bitcoin. They may also start pumping up the difficulty of the transactions (increasing the required POW) so that even regular PCs would eventually not have enough POW to do transactions, forcing them to pay the fee to the public nodes in order to make transactions. This would essentually replicate the miner situation of Bitcoin into IOTA.

- The coordinator is a thing everybody's tired of people whining about. But it's true that this is a problem that needs to be addressed clearly. Currently, as far as I know, nobody has really pointed out any convincing arguments about how the network could function without the coordinator. Some problems pointed out are, that the hash rate (power) of the network could easily be overcome even in the future as the network grows bigger, because an attacker would have to gain majority only for a short amount of time to attack, and IOT devices are likely unable to reach a steady enough hash rate. The issue is the same as with Bitcoin, only that the hash rate of the IOTA network will remain considerably smaller than that of Bitcoin's.

>> No.4935924

>>4935909
- This may be an unfounded concern, but I'm throwing it in anyway: to what degree does the coordinator centralize the network? Basically we need it to validate the network's state, but what happens if the network's state becomes invalid (due to some sort of an attack for example) - will the coordinator be able to mutate the network state, and roll it back to a previous one? If so, that would mean that as long as the coordinator is in place, IOTA would be entirely centralized, no less than a bank for example. /u/khmoke has pointed many problems about removing the coordinator (convincingly, although in a rather juvenile manner), so far I don't think any of his points have been disproven in a clearly.

- Competing projects - there's other DAG (similar to tangle) cryptos, and many of them don't use POW at all, thus solving at least some of the points addressed here. It's possible that the focus may shift from IOTA into one of them. There's also many cryptos that aren't DAG, but use different consensus protocols that don't require POW at all (POS, other proof-of-* protocols, DBFT, the one used by Stellar, and the one used by Skycoin). This is my own lack of understanding, but what's keeping those projects from competing with IOTA as well?

- Lastly, this is not a concern about the project, but the dev responses so far - I get that the devs are getting a lot of undounded accusations and are tired, but we'd still like to see some more "sportsmanship". For example, claiming that the critical in a hash function was intended just is not acceptable (https://medium.com/a-stellar-journey/on-worldwide-consensus-359e9eb3e949))

>> No.4935993
File: 94 KB, 1024x1001, Otto-Waalkes-50-Buehnenjubilaeum-4.jpg [View same] [iqdb] [saucenao] [google]
4935993

Yeah, well, let's face it, what did you expect from german sauerkraut hippsters that all stood at the train staition last summer shouting refugeees welcome?

>> No.4936008

>>4935993
None of the publicly exposed devs are German even. Are you the same retard who keeps spouting the /pol/ bullshit in every IOTA thread? Please do everyone a favour and stop posting.

>> No.4936011

>>4935993
Fuck off, /pol/. We're discussing the tech here instead of FUDing

>> No.4936019

>>4935897
>>4935909
>>4935924
I think IOTA blew up too soon. Should've been left on smaller exchanges for some more time. You can tell it's being worked on and networking and PR went on way too fast. You basically have people expecting a finished product but they're barely out of alpha stage.

>> No.4936044

>>4935897
>Buys into a useless token with viral marketing
>expects a ROI
How stupid are you people? The Devs have no idea what they are doing

>> No.4936045
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4936045

>smart refugee cities

>> No.4936054

>>4936019
The thing is, do we have faith that they can ever solve these major issues? Some of these questions have been around for months, still no satisfactory answers. That's what fucking worries me. I wouldn't place my bets on this working for much longer if we don't get real answers from the devs, instead of the twitter shit we've seen so far.

>>4936045
KYS

>> No.4936079

>iota will be handed out to refugees when they enter Germany

>> No.4936096

>>4936079
What the fuck is it with you assmad /pol/sters? Salty that you missed out?

>> No.4936890

Now it's official, IOTA mods censored the post. If that's not alarming, then what the hell is?

>> No.4936926

>>4936890
shitting on a street during monsoon season.

>> No.4936947

>>4936926
Are all these bots?

>> No.4936980

IOTA's tech is terrible because the devs are retarded. It will probably never succeed. But it's still profitable to hold it in the short term.

>> No.4937016
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4937016

>>4936947
don't talk to me, pajeet, i don't understand your accent.

>> No.4937296
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4937296

Get byteball or railblocks instead

>> No.4937322
File: 553 KB, 2048x2732, IOTA CEO.png [View same] [iqdb] [saucenao] [google]
4937322

david seems to get triggered very fast time to make a plebbit account to bait him

>> No.4937366

>>4937296
Not that these are perfect, either. The problem is, how do you get users to do validation if you keep the network symmetric? They'll just leech off the generous ones, and nothing will work. And how can you achieve trust between these users? Byteball uses witnesses, centralized to some degree, Raiblocks basically uses PoS, so you could just go with some other PoS crypto instead.

>> No.4937497

Yeah IOTA really has some problems with their tech but I think it will still go to around $10 until EOY because it's hyped so much and there is still news coming out.
After that I'm out. I don't see it going higher until all those tech problems are solved and I'm not 100% convinced that they ever will.

>> No.4937613

>>4935897
thats why I just bought Raiblocks!

>> No.4937635

>>4937497
True, but all that needs to happen is for the doubt to settle in. Then those who FOMOed at 4+ $ will start cashing out. We can't know how soon it will be, At least looking at the way all their communications channels are censorized, it might take a while.

>>4937613
See >>4937366. Don't expect a rocket in your greed, the price is being driven up by a bunch of redditors now.

>> No.4937655

>>4937613
I've owned XRB for a few weeks by the way, I like the project, at least more than IOTA now, but I'm not gonna go all-in.

>> No.4937715
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4937715

>>4935897
Besides all the problems, I mean a fkn 12 B marketcap without a working wallet? cmon man, join the IOTA KILLER, iota has fucking COPIED the code of Raiblocks.

It can't be much more days until a big guy decides to put 100-500 Bitcoins in it

>> No.4937724

>>4937715
Have you even tried using the XRB wallet?

>> No.4937810
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4937810

>Hurr /pol/
Why would anyone think devs who dream about "smart refugee cities" would be competent or logical?

>> No.4938128

>>4937810
yeah the devs seem extremely dumb. IOTA looks like just a baseless reddit "le new beetcoin" hype pump to me. I would sell what I have right now if I had any

>> No.4938158

>>4935897
Iota is the future you fucking idiots.
why do you think that they have all those huge partnerships?!

>> No.4938207

and everything said here was said about bitcoin one million-fold. so suck my cock

>> No.4938234

>>4936008
>None of the publicly exposed devs are German even

You what mate. Dominik is german (South Tyrol).

>> No.4938271

>>4938234
Lmao. South Tyrol is 2 countries away from Germany you retard.

>> No.4938283

Im in a slack with david and he is a fucking dickhead, everyone hates him

thats the sole reason i didnt buy at 0.3....

fucking david.

>> No.4938297

>>4938271

>implying South Tyrol isn't austrian
>implying Austria isn't Germany

American education ladies and gentlemen.

>> No.4938299

>>4938271
actually only one. There is only Austria in between

>> No.4938313

>>4935897
Smart money already took profits and are on byteball / raiblock now. Working DAG tech and future (not past) moon. Iota was a get rich hyped scam, centralized database (when it works) and broken code. Lost money on this shit will be epic.

>> No.4938322

>>4938271
>>4938299

>he thinks South Tyrol is full of dirty southerners

Lefties are the worst.

>> No.4938342

jesus, come up with something original. these arguments have been made and refuted a million fucking times

>> No.4938346

>>4938322
>country boundaries are determined by what people live there
yeah, no.

>t. Austrian with South Tirolian gf

>> No.4938384

>>4938346

Dann mochts enk mol stork für die doppelte Stootsbürgerschoft. Mir zählen auf enk in Innsbruck/Wien. Südtirol konn die italienischen Schaben net alloan bewältigen.

>> No.4938398

>>4938384
beim nächsten weltkrieg dann, und Schengen hebelt den ganzen Scheiß sowieso aus. Meine Freundin studiert mit mir in Wien und ist mehr Österreicherin als ich
>t. kann nicht Schifahren
>t. Freundin wohnt neben einer Schipiste

>> No.4938418

"smart refugee centers".

>> No.4938421

>>4935897

Buy IOTA? Yes you oughta,
If you want a black grand daughter

>> No.4938433
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4938433

guess this is what he is thinking of.

>> No.4938441

>>4938398

>Schengen hebelt den ganzen Scheiß sowieso aus

Schengen gilt nicht bei Bestellungen, Verträgen, Vereinen o.ä. Dort musste dich mit dem Italiener herumschlagen. Diese Plagen schaden uns nur!

>> No.4938487

>>4938342
The devs have never, I repeat, NEVER refuted any of those points. Any time they've even addressed them, the answers have been handwavy. But feel free to prove me wrong.

>> No.4938491

>>4938421

>he hates money
>one day, he'll sit in a trailer park and tell stories about his great fight for the white race
>but nobody hears him
>his daughter screams too loud under Jerome
>he lost the fight anyway

>> No.4938517

>>4938441
Südtirol muss wieder an unser Vaterland angeschlossen werden, danach vertreiben wir alle Musel und sonstiges Gesindel, reinigen die Kultur von Entartung und alle sind glücklich.

>> No.4938560

>>4938297
>implying Südtirol isn't Italian
>anon's education

>> No.4938603

>>4938517
nur wenn die Ungarn Burgenland zurücknehmen

>> No.4938606

>>4938517
tell us how you really feel

>> No.4938627

>>4938603
should have won the war, m8

>> No.4938645

>>4938297
Technically he’s right, Austria isn’t Germany and hasn’t been since the treaty of Versailles (not counting the few years during WWII when it was taken back by hitler)

>> No.4938652

>>4938627
>doesn't understand german
>wants to be cocky
kek, try again

>> No.4938687

>>4938491

Topkek, implying niggers could survive where I live.

Protip: it's not the cuckold infested West

>> No.4938710

>>4938560

>9 out of 10 people are german
>South Tyrol almost always differs from italian regions (education, politics, culture, language, economy, transport, health care, criminality)

>> No.4938738

>>4935897

cool story OP. you are a huge faggot. GUI Wallet loaded in two minutes, Binance transfer took 10 minutes, I buy dips daily. Stop downloading HD Vids from Blacked.com you huge faggot.

>> No.4938761

>>4938710
by your logic Kärnten is fucking Slovenian
>being this fucking retarded

>> No.4938797

>>4938738
The transfers have been 2 hour min for me for a week now. Used to be around 20 min when I got in at 1$.

Also did you read any of the other points at all?

>> No.4938818

>>4938761

https://de.wikipedia.org/wiki/Volksabstimmung_1920_in_K%C3%A4rnten

KYS

>> No.4938864

>>4938158

Lol what partnerships

>> No.4939061

>Südtirol muss wieder an unser Vaterland angeschlossen werden,

>> No.4939072

>>4938487
YOU'RE A FUCKING WHITE MALE ALL YOUR ARGUMENTS ARE INVALID

>> No.4939143

>>4935993
Jesus christ, this is not an argument about that. Fuck off. You faggots add no value to this board

>> No.4939252

>>4939143
>literally idiots from /pol/ repeating wrong info they read on 4chan all day instead of trading
what's new?

>> No.4939337

IOTA is built on the assumption that computation costs in the future will be much lower in cost and power requirements than they are today.

Based on that assumption, you should not point to current problems the coordinator has and say IOTA will have problems scaling. Read the white paper and use your imagination. There will be devices everywhere constantly performing zero value transactions to communicate with each other.

IOTA is the ultimate buy and hold coin.

>> No.4939350

https://twitter.com/jratcliff/status/939578638432985088
>Early adopter on IOTA wants to sell some of his investment and complains that he outright can't because the supposedly next-generation network is broken
>Creator instead of saying they're working on it and will fix it just gets angry and insults the guy

Wew

>> No.4939426

>>4935897
Im a big shot tech genius and i can prdict IOTA will fail big time to deliver and eventually vanish. There‘s so many problems technically and THAN as an addition to that thr whole surrounding sucks hard as well. Not buying this stuff

>> No.4939458

>>4939350
>offers to buy his coins if he's that spooked
>refuses to sell because muh gains
>insult
ok

>> No.4939523

>>4939458

He offered 10% over his buy-in at 21 fucking cents, exceedingly well below actual current market value. That's just cuntish

>> No.4939530

>>4936980
Yeah just cash in on the dumb money and then abandon it ASAP once people figure IOTA is a non-working scam that will never deliver

>> No.4939538

>>4939530
sure, but is it an insult? no

>> No.4939562

>>4939538
I was serious and not joking

>> No.4939698

>>4936019
They haven't moved squat since 2 years ago. Not a thing has changed.

>> No.4939862

>>4938158
What partnerships? Iota foundation is "internet if things alliance" where they research internet of things data flow. Iota crypto project is one of the members

>> No.4940139

>>4939862
>inb4 working on the same project doesn't make you partners

>> No.4940326

>>4937724
I've used it a bunch without any issues. What is wrong with it?

>> No.4940340

>>4937810
My question exactly. People like that aren't credible and all-too-often tend to be fraudulent/hypocritical virtue signalers. OP did well in pointing out the problems with the network which would make an investment unlikely for me, but the attitude of the devs just kills off any interest completely.

>> No.4940366
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4940366

>>4935897

>> No.4940384

>>4940139

It doesn't in the way people shilling it imply

>> No.4940432

>>4940139
lol microsoft had to remove their stated participation in a meetup because IOTA keeps saying they are partners them. There is no partnership. Some low level guy in microsoft went "oh that might be cool. maybe it isnt completely worthless" and agreed to maybe take a look once in a while.

>> No.4940477

>>4938158
ever heard of the Enterpeise Ethereum Alliance? Makes your gay little partnerships look like a daycare for autistic children. Litterally EVERYONE has a "partnership" with Microsoft.

>> No.4940515

>>4940477
microsoft is a cryptoslut everyone knows this

>> No.4940878

>>4940139
Microsoft couldn't care less about iota. The companies literally just shares research on out. Has absolutely 0 with usage if iota or partnership

>> No.4940931

>>4939523
People like that think it's "sassy" to act like a fucking cunts.

>> No.4940976

>>4935897
>>4935909
>>4935924
Nice just bought 100k

>> No.4941100
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4941100

>>4935897
You seem like you know what you're talking about and DYOR. Do you know of any safe(ish) coins, for short-mid term hodl?

>> No.4941188

>>4941100
Thanks. It's a tough market right now, there don't seem to be many safe gainers. Stellar is my main holding right now - Satoshipay release on Tuesday (they use Stellar, could go big), and really solid tech.

>> No.4941243
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4941243

Why would person who hates technology and cryptos like IOTA would literally spend weeks on image boards trying to push holders to sell
>gee I wonder why OP was a huge Pic related today

>> No.4941282

>>4939458
The point is he can’t sell because the network doesn’t work. Why would he sell that far under market price? Founderfag sounds like a fucking cunt.

>> No.4941314
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4941314

>>4941188
Yeah I guess you can't really say anything is "safe" in crypto. Also, have you by any chance heard of Wanchain (WAN)? I think it was mentioned here on /biz/ a couple of times, but I'm surprised it's not being shilled here and apparently it might be huge in 2018. Any opinions on that?

>> No.4941521

>>4941314
No I haven't but thanks for the tip. I'm currently trying to look into these lesser-known alts as well. Vechain is supposedly promising another promising one. But I'm not big into investing the stuff I don't strongly believe in myself, even if a coin might have moon potential, I'll have to convince myself first. Otherwise it could go either way, so I take the safer road.

I'll take a look at wanchain, though!

>> No.4941598

>>4941243

And you probably are heavily invested in IOTA and hate seeing anything negative about it because it hurts your gains

>> No.4941695

>>4937810
This.
Same goes for eth devs by the way.

>> No.4941727

>>4935897
thats why people are buying raiblocks. ez

>> No.4941989

>>4937497
Why do you think it has reason to go any higher than it's ATH? There is a flood of dissappointing news coming out, and the whole pump was founded on the partnerships being real. I think it's going to tank pretty hard.

>> No.4941996

>>4941243
>gee I wonder why OP was a huge Pic related today

A male model?

>> No.4942156

>>4938313
>Smart money
I'm thinking XRB until EOY, since it has soem hype right now, then GBYTE until the air drop. Wby?

>> No.4942652

>>4938207
How heavy are those bags

>> No.4942794

>>4936890
Yes i asked a "uncomfortable' question a few days ago and was downvoted to hell. The idiots on their sub have religious admiration for the devs...not saying iota is garbage but theres a lot of dumb money in it for now....im avoid grazie It for now but keeping and eye on it...

>> No.4942840

>>4935897
>>4935909
>>4935924
I understand all this. I am just waiting for this to pass $15 soon so I can dump it. Wouldn't that mean it needs a market cap of between BCH and ETH?

>> No.4942901

>>4938234
Dominik is Italian, mong

Although David is a Norweigan Muslim (no joke, somebody actually posted him in his religious garb on Slack a while back)

>> No.4942952

>>4936890
It's been known that IOTA mods censor discussion

They censor discussion on their Slack, as well as /r/IOTA

Don't get me started about the 8% of IOTA users who had their funds seized back in October, and the foundation has yet to return them

>> No.4942956

>>4942794
Yep, it's bad. Most are probably bagholders who got in at 5+ $ and are looking to make a quick buck.

>>4942840
Good on you. I have second thoughts about pulling out prematurely, but don't want to risk it.

>> No.4943017

>>4942794
Also look at the charts....It has double topped and the volume is decreasing...you dont have to be a genious to predict what will happen (unless some big news pump it up)

>> No.4943033

>>4942952
>>4942794
IMO when they feel the need to shut down any kind of well-founded critique, it's a sign they're walking on thin ice. I don't think anything else signals "get out now" as clearly as that. And it's not just the community that's doing it, that david guy is getting pretty hostile

>> No.4943168 [DELETED] 

>4943033
The David guy HATES that people are getting rich off IOTA. Absolutely hates it.

Look at the contempt David has for this person pointing out the Tangle isn't working (read the comments on this): https://twitter.com/jratcliff/status/939578638432985088

That was YESTERDAY! They do this shit all the time. They've always been this shitty to their users.

>> No.4943247

>>4941989
Well atleast there is the new wallet coming out within the next 2 weeks or so.
Then there is this "Q" thing which is supposed to be ground breaking.
Also this whole talk about 90% of all news coming in december which is why I don't think many people will be selling yet.

What do you mean by dissappointing news? I haven't read anything that wasn't known for weeks already.

>> No.4943279

>4943033
The David guy HATES that people are getting rich off IOTA. Absolutely hates it.

Look at the contempt David has for this person pointing out the Tangle isn't working (read the comments on this): https://archive.fo/6XRsc

That was YESTERDAY! They do this shit all the time. They've always been this shitty to their users.

>> No.4943298

>>4943247
>Well atleast there is the new wallet coming out within the next 2 weeks or so.

Won't that fix some issues people have been having in getting locked out of their IOTA, meaning there's more available supply that's able to be sold?

>> No.4943320

>>4943247
Many people aren't selling yet for a few reasons:

1.) The Tangle network has been down since Friday. Nobody with IOTA in a wallet can move their funds to an exchange.

2.) 8% of ALL IOTA was taken back in October under the guise of a "security update" because some people reused addresses. They never returned the money. 8%.

>> No.4943339

>>4943298
They've been saying a "new wallet" will be coming out "very soon" since the summer. No joke.

They are bullshit artists.

>> No.4943365

Countering your FUDpost with some info...

HERE IS HOW TO BUY IOTA ON BINANCE:

1) Create a binance account. Use referral code 11682017 if you feel like being nice since you're using my guide - or don't, up to you.

2) Send them some crypto. I recommend using something other than Bitcoin since btc is congested right now. HERE IS A TRICK I USED: I had Bitcoin since before the forks, so I split out my BTG and sold it all. BTG (and BCH, for that matter) have much faster moving networks right now. Use Coinami to split BTG - it's the only reliable and safe way I know of. BCH can be split using Electron Cash if you don't want to use Coinami for that. If you want more details about any of this, ask me - all I ask in return is that you use 11682017 as your code when you sign up to Binance.

3) Inside Binance, turn whatever crypto you sent into btc or eth if you didn't send btc or eth directly. There are only two trading pairs with IOTA right now for Binance, and it's BTC-IOTA and ETH-IOTA.

4) Buy IOTA. Voila! You're done. Don't be worried that withdrawals of IOTA are turned off right now. If for some reason you want to liquidate your position, just trade the IOTA back to BTC or ETH and you can withdraw that (or take it one step further and turn that BTC/ETH into something that's moving faster right now, if you like). N.B. I believe ETH network is pretty slow right now due to cryptokitties but they may have gotten that under control? Not sure on this, don't currently own any ETH.

Your mileage may vary on transaction times on BTC right now - I've heard conflicting reports. Personally I'm able to get pretty decent speed confirmations (within an hour).

>> No.4943408

>>4935924
>- This may be an unfounded concern, but I'm throwing it in anyway: to what degree does the coordinator centralize the network? Basically we need it to validate the network's state, but what happens if the network's state becomes invalid (due to some sort of an attack for example) - will the coordinator be able to mutate the network state, and roll it back to a previous one? If so, that would mean that as long as the coordinator is in place, IOTA would be entirely centralized, no less than a bank for example. /u/khmoke has pointed many problems about removing the coordinator (convincingly, although in a rather juvenile manner), so far I don't think any of his points have been disproven in a clearly.

FYI, the developers and IOTA Foundation are capable of modifying the balances of addresses. They've done so in the past by confiscating iota from addresses that didn't do a transition transaction from 2.3 to 2.4, missed curl implementation update, and re-using addresses.

This happened to me and it has been 1 month since they said they'd process reclaims. Hence even if I bought some earlier, I can't sell now that it's 20 - 30k sat higher than I bought it at.

>> No.4943463

>>4943408
This you guys. Look: https://thetangle.org/address/FFUIAREGAAAHNTPJRGRFCNCNOTKTKPWJEGUDWQHZVVO9MTAXZIDMXBMWJXTLUBHNFNKYCCTQUXOUYFKX9

1.47 billion dollars of SEIZED FUNDS from October. They haven't made any attempts to return, they just keep saying they'll eventually return it.

>> No.4943663

>>4943408
I've been saying this many times, so in case someone thinks it's just FUD.
https://forum.helloiota.com/1242/Reclaim-Status

https://blog.iota.org/gui-v2-5-2-latest-release-with-iota-reclaim-tool-32d364d6241a

https://blog.iota.org/gui-wallet-phase-two-of-the-reclaim-process-f5913109cf46

The last two describes them moving IOTA to the foundation address. The first one describes how delayed the reclaim process has been. The common excuse for this is IOTA being in beta, but if that's the case, then a testnet would've been the appropriate thing to do if IOTA truly isn't ready to handle user funds.

Below you can find the snapshot with the addresses that were seized, the amount, and the reason.

https://forum.helloiota.com/588/Help-My-IOTA-balance-is-zero-steps-to-help-you-find-your-balance-v252

https://gist.githubusercontent.com/cyclux/2bb05d873c4ec6115cad1d100263d489/raw/612a49e46091586957448f6606ea981ab18022e7/snapshot_validation_20171023.txt

>> No.4944448

>>4943365
>I believe ETH network is pretty slow right now due to cryptokitties but they may have gotten that under control? Not sure on this, don't currently own any ETH.
The network itself isn't slow, but MEW is an absolute nightmare. It took me 10 hours yesterday since I initialized a transaction for it to even appear on the blockchain to be confirmed.

>> No.4944477

>>4943033
Yeah, last time i saw lots of censorship in a sub was iconomi this September (have been holding since ico), so i just fuck that and sold - best decision ever.

>> No.4944708

>>4943408
>>4943463
Holy shit, thanks for the confirmation. This cements it, IOTA really is a complete shitcoin. The downfall is gonna be huge.

>>4944477
Kek

>> No.4944996

>>4944708
downfall is starting

>> No.4945046

>>4944996
Yeah, certainly not mooning anytime soon. I guess it'll get a news bump later though, but other than that it's gonna be a slow bleed as more and more people realize what they've actually been sold.

This might be the biggest scam in the history of crypto.

>> No.4945071

>>4945046
>This might be the biggest scam in the history of crypto.

I'm upset with the project's current state, but this is flat out ridiculous.

It's not a scam, it just has extremely shitty founders that don't care about you.

>> No.4945155

>>4944996
Ahhh funds are pending, will it work if I reattach enough?

>> No.4945167

>>4944996
>>4944708
>>4943408

I legitimately believe someone has dumped money into hiring shills to shit on IOTA. The FUD against it is too consistent and too rife with misinformation to be organic. Vitalik, maybe?

>> No.4945355

At 19:20 mark he is talking about sending data through iota about your car's windscreen wipers being on or off for weather information. What a retarded idea.
https://www.youtube.com/watch?v=klhcoB1uimw
It was a recent talk at TU Delft. Sostenbo is shilling about it often on twitter

>> No.4945867

>>4945167
How is it misinformation? It's an actual thing and I provided links to official iota blogs. I put money into iota in August because I legitimately believed the Tangle could be viable as a complete alternative to a blockchain; and roughly a month after, having my balance seized is what happened to me.

>> No.4946138

>>4945867
Also here's an address that got it's funds seized as listed in the snapshot.
https://thetangle.org/address/FCCEMWQLBQJKUFZNFYIXVDELSENMSGZHEJAADCNGUINESJYBWMCMYEWYZKXDDXUWDZKSIW9USKFCQAWUY
You can see that it has a balance of 0 despite having 1 transaction which is depositing iota into it.

>> No.4946319

>>4946138
The good news is they said they are returning funds next week.

The bad news is they've made this same claim over 10 times now since Ocboter, without delivering.

"Soon"

I feel the pain

>> No.4946376

>>4945071
Well, scam was harsh. What I mean, they don't have a working product, and it's getting pretty obvious that they aren't going to have a working product. What makes it scam-tier in my opinion is that the devs keep on hyping it up more and more and not addressing any of the concerns.

>> No.4946466

>>4946376
devs are going to steal all that value IOTA has.
they will have many many bitcoins.
fucking scammers. :(

>> No.4946762
File: 68 KB, 960x720, IOTA autistic screeching.jpg [View same] [iqdb] [saucenao] [google]
4946762

Mentioning IOTA in a thread.

Pic related.

>> No.4947041

>>4946762
Friend, you are clearly unaware of the mob of IOTA boot-lickers that respond to every IOTA criticism on Twitter, Reddit, and every other public space.

Some of these people literally work at the IOTA foundation, for example Per.

It's like CTR but IOTA fanboys and foundation members.

>> No.4947247

>>4945167
Thanks, I was just thinking the same thing. All of a sudden, the fud is everywhere

>> No.4947365

>>4947247
Mate I owned several GIs when I made the thread. I've sold all of them now. I know you won't take my advice on selling, but you should at least move your iotas to a market and setup a stop sell order.

>> No.4947427

HAHHAHAHHA what a shit coin with many shills

>> No.4947454

This piece of trash doesn't even work, I made a transaction 4 hours ago and recalculated it 5 times and it still hasn't gone through.
Even bitcoin core is faster.

>> No.4947492

>>4947365
Well I see it a bit differently. However, in case of a dip which is highly unlikely, I plan to expand my position.

>> No.4947655

>>4947492
I'm not trying to control what you do, I'm just giving a fair warning to anybody who's willing to listen

>> No.4947903

>>4947454
Network has been "down" due to spam. It's been this way since end of last week. It probably won't start working again until the next update.

>> No.4948011
File: 40 KB, 450x403, 1468094996856.jpg [View same] [iqdb] [saucenao] [google]
4948011

>>4945167
That's not true. Vitalik doesn't pay us anything.

>> No.4948078

>>4935993
Neck yourself retard.

>> No.4948297

>>4935897
Its because you can spam 0value transactions.

Code is borked.