/biz/ - Business & Finance

[Anonymous No.10000771]

How will IOTA sustain themselves in the future?

They stated long ago that the own 5% of the supply that were given them from the community.
5% of the supply equals roughly 140 million MIOTA. Minus the 21 million MIOTA that are reversed for the ecosystem. We are at roughly 120 million MIOTA. Now I counted atleast 41 people that are hired by IOTA and need to be paid. Expenses for Advisors etc. not even included. I only talk about the guys that code. Lets make a deluded thesis that everyone earns the same. There are about 300k Miota left for every employee. MIOTA currently trading for one dollar could sustain the Foundation for ~ 2 years.
The average blockchain devolper in the US earns something from $63k to $157k. Taken in conideration that the foundation marketsold already a big chunk of their funds at near ATH they should be ok for now. But I do not see why IOTA shoudnt fall under 20 cents levels.. And then it will start to get problamatic ...

[Anonymous No.10000804]

Good thinking. Would love an answer for that as well.

[Anonymous No.10000820]

I don't know, maybe their partners are covering part of the operation. I mean it when I say I don't know just dropping stuff seeing what sticks.

[Anonymous No.10000831]

From their smart refugee cities of course

[Anonymous No.10000837]

Perhaps this might be rele

>>10000820
https://oracletimes.com/bosch-group-has-purchased-a-significant-amount-of-iota-miota-tokens/

[Anonymous No.10000850]

>>10000804
One possibilty that an stated some weeks ago is kind of a big accusation but possible:
Sonstebo and co do inside trading and long/short their funds on bitfinex after the principle buy the rumours sell the news. This could have been very profitable at various points in time in the past for example: Trinity Realease, Q. They also had this ticker on the website. That are some TRON tier FOMO practics...

[Anonymous No.10000865]

Now imagine they sold a substantial amount at 4 usd, quadrupled their money, and will use that for development
Also, first application that uses iota, such as a vr device, and price doubles in a week

[Anonymous No.10000876]

For me the big issue isn't longterm though, my dreamgirl streams on Twitch and she's not a donation whore by any means, but sometimes she misses streams to take extra shifts at her job and sometimes jokes "anyone out there feel like paying my rent for the next few months?" She only has 30-50 viewers and those comments are meant completely in jest, but it's always been my dream to be able to say "sure!" and she gets the donation notification and reads "agreeablebit has just tipped 10 thousand dollars?!" "oh my god I wasn't being serious, oh please you didn't have to.." and just breaks down crying as I tell her don't worry about it, it's not a lot of money to me but I know how much this can help you, you should be doing this a career and if this helps you devote yourself full time it's money well spent.

And I don't become pushy or feel demanding of her time after that, but I do try to initiate some conversations over skype, and our sense of humor just clicks and she notices the guitar in the background and asks if I play and I brush it off, and she's all "oh please, serenade me!" and does the joking puppy dog eyes thing and I sigh all right, and pick it up and while I could play super advanced classical guitar concertos that would be trying to hard, and I instead do a silly laid back improvised classic disney medley with fun jazz elements, and she ends up singing along, and I adjust my playing to compliment her voice and own phrasing with the subtle subtext that I would be as responsive to her as a lover..... and we end up agreeing to meet and well...a gentleman never...

But that will never fucking happen if this fucking bear market never ends, what the fucking hell??!?!?!

[Anonymous No.10000884]

>>10000837
Thats not a really convincing argument. I almost certain they bough the token for the 1/10 of the price. Such a big company wont agree to buy them at market price...

[Anonymous No.10001087]

They probably pay the people low and give them options (5% of the supply etc) .

And of course hoping the price will rise.

The thing is I like rather a project on a budget (score or go down) then an overfunded project. See req for example they don't give a fuck what the community thinks or the partnerships they achieve.

[Anonymous No.10001378]

IOTA in 2 years, kek.
Muh Q, muh trinary logic, muh tangle, muh bundle, muh reattach and rebroadcast, muh central coordinator, muh meshnets, muh IoT (that shit is a meme since two decades now).

[Anonymous No.10001600]

>>10001378

this anon is enlightened

[iota No.10002376]

United Nations

[iota No.10002382]

United Nationss

[iota No.10002391]

United Nationsss

[iota No.10002403]

United Nationssss

[iota No.10002425]

Buy buy buy

[Anonymous No.10002593]

I just bought 15 k IOTA.

At this price this is unironically really a good opportunity

[iota No.10002618]

What’s your receiving address? Post a screen shot of the message I send you along with some IOTA. I’ll verify your wallet balance by viewing the transperant tangle.

[Anonymous No.10002855]

>>10001378
How else will each car in a traffic jam know hoe fast to drive?

[iota No.10002886]

How else will these lives be saved. Boomers need them