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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13896887 No.13896887 [Reply] [Original]

Why it's mooning hard? Is there some strong news behind, or just a market correction?

>> No.13896953

>>13896887
DAG trilemma resolved.
in 1-2 years every blockchain will be useless.
It's one of the biggest news this year and people don't understand it.

>> No.13896975

>>13896953
Is this confirmed?

>> No.13897017

>>13896975
check out new WP

>> No.13897141

Is it going to moon to 1$ for this?

>> No.13897224

>>13897141
>Is it going to moon to 1$ for this?
We will cross $1 in the coming week. Your targets should be $2, $5, $10.

>> No.13897359

>>13897224
Why the hell would you risk being in any other gambling shitcoin

>> No.13897435

>>13897359
I hold only three coins - BTC, BNB and IOTA. Will be accumulating each of these for the foreseeable future

>> No.13897493

>>13897017
here we go again with whitepaper coins. Show me when they actually implemented it and then we can talk. Trying to pull off a cardano.

>> No.13897517

>>13897493
this

>> No.13897522

>>13897493
>show me after it does a 10x then I will buy high
Classic biz

>> No.13897555

>>13896887
>>13897493

SYS > IOTA

https://syscoin.org/whitepaper

>> No.13897637

>>13897493
Obviously when they will implement it the price will be already skyrocketed.

>> No.13897658

>>13897493
The point of speculating is to speculate. If you wait to buy something till everything is confirmed and ready to go, you will be buying the top.

>> No.13897729

>>13897522 >>13897637
Not going to buy your bags ranjeet and prakesh. Anybody can write fancy stuff in their whitepaper. Actually building something that works better than the state of art is a whole different story.

>> No.13897811

>>13896887
The original IOTA whitepaper was already garbarge for various reasons that no IOTA holder could ever hope to understand. It makes bold assumptions that will never hold in the real wold and then goes on to prove meaningless things because of those incorrect premises. Using sufficiently crazy assumptions you can prove anything but the results are meaningless. See Gödel's ontological proof to prove the existence of God.

Moreover that paper never even mentions the colossal shortcomings in the actual implementation, such as the Coordinator, regular deletion of the whole DLT history ("snapshot") and how they used that same concept to confiscate user funds on multiple occasions, which should be a massive scandal in itself but was largely ignored due to the confusion they seeded in the whole ecosystem.

I don't need to read this new paper to know that it's another Popov that makes unreasonable assumptions, then shows something meaningless, and the purpose in all of that is to have another pump and dump driven by misguided retail investors.

>> No.13897814

>>13897729
Oh no, my cow sir, how can i feed my cow if you don't buy bags sir?

>> No.13897845

>>13897811
I've read too many whitepaper bad reviews.
A very popular one was about eth at his start.

I don't care about reviews and whitepapers, iota is doing good.

>> No.13897955

>>13897845
They use clever pump and dump tactics that have worked well for them so far. Their coder CfB inquired to exchange contacts with some pump and dump expert on bitcointalk.org in the past. They've also hired hundreds of people know who work on SOMETHING, and who knows, maybe some of it will succeed. But it's a scam at its core and you're a degenerate gambler for buying it.

>> No.13898062

>>13897955
Anon, you can't call a top20 "a scam at its core".
And maybe you're all in on shitcoins.

>> No.13898097

Personally, I find the sudden influx of iota threads to be extremely organic and have decided to go all in. Thank you, biz.

I actually am 25% in since last year. But still... kek.

>> No.13898116

>>13898097
not everything is a shill campaign. Sometimes biz comes together and finds good opportunities. There aren't even that many threads...like 3?

>> No.13898130

>>13898062
This is a nonsensical statement to make because even some of the most glaring scams in crypto such as Bitconnect were top 20 or close to it in the past.

Note also that the IOTA cap is so high in large part because of their massive token confiscations. They must have pulled 50% or so out of circulation with this scheme.

>> No.13898238

>>13898130
Someone calls Bnb a scam, someone here says Eth or BCH are a scam, i've read some flamboyant moron telling that BTC was a scam too.

Now you're telling me that 750 mils of dollars are from "token confiscations", what's that? Someone would be in jail if it were true.

>> No.13898354
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13898354

>>13898062
>he thinks there are no fundamental scams in the top 20

>> No.13898441

>>13898238
It's true that you guys have a lot of criminal energy and a lot of confusion to distract from that issue. I think the way their old wallet conditioned people to think that a balance dropping to 0 is normal and that their funds are still available may have been designed to seed so much confusion that nobody can see through it.
There are various snapshot logs from 2016-2017 such as:
https://raw.githubusercontent.com/peterwilli/IOTA-Snapshot-Recovery/master/snapshot_october.txt
where every balance entry that doesn't end with "AVAILABLE" was confiscated in such as case. It is trashy log files and trashy blog posts designed to disappear after a while so the net will forget about it. It's a lot of social engineering too. How could they be so bold to pull in user funds just like that?

But that they did it isn't even a contested position. Look up reclaims. The question is just whether their claim that to had to, on multiple occasions, pull in user funds to "protect" them. And clearly if you have a brain it isn't a credible claim.

>> No.13898557

1 Miota = $300 in 5 years or $0 in 5 years. No other options.

>> No.13898568

>>13897141
remember MOTA is million IOTA so you can do the math if you price 1 Iota even at a 00.1 cent

>> No.13898744

>>13898441
So they stole money from people and no one noticed it?
How can it be possible?

>> No.13898841

>>13898744
They designed this scheme such that it's not obviously theft, maybe not even from a legal perspective.
They claimed bugs in the system and used those as an excuse to pull in the funds. They offered, with heavy technical hurdles, options to request (reclaim) your funds back. Those who noticed the loss, figured out what happened, figured out how to request their funds back, and managed to fight through various additional technical hurdles, and did all of that on time, received their funds back.

In practice, obviously a huge number of people will never notice what happen or give up at some hurdle, while a massive echo chamber of nice sounding explanation on why everything has to be the way it is seems to explain everything.

You ask why your balance is 0 in the light wallet, and they will tell you it's perfectly normal because that's just a little bug and the software is in "beta", just reattach to get your balance back. You question that and find the balance is truly gone, you're told by other people that you probably used an online seed generator and got hacked. You see through all of it and you're told your funds were protected by the benevolent developers for the good of all mankind and you are allowed to request your funds back and someone will look at it some time. Promise.

>> No.13898856

New solution litterally makes hashgraph obsolete.

>> No.13898895

>>13898841

>yfw tried reading this random schizo rant and failed to finish it...
anon I've seen some shit but this is new level of /biz

>> No.13898914

>>13898895
Fuck off criminal shill.

>> No.13898947

this coin is a big fat failure due to the fact that it's consensus algorithm makes it impossible to make private and fungible, 2 necessary requirements for digital cash

>> No.13898965

>>13898895
dude is right: that shit literally happened. I don't think it's out of malevolence because the devs are germans and germans can't code for shit but either way iota is broken beyond repair.

>> No.13898981

ITT: /BIZ/Nessman learned nothing in the last 18 months and still unironically believe in muh fundementals

>> No.13898997

>>13898841
Ok, let's say that this criminal procedure exist.
It can't obviously be HALF of the Iota m.cap.

>> No.13899020

>>13898965
There's no way in hell all of that stuff is just coincidence, but it's designed to look like it, and that's why it works so well.
If you were around during the November 2017 pump maybe you remember how the stars aligned for it:
- October 2017 fund confiscation wave, pulling in another 10+%
- Network becoming basically unusable for weeks. Transactions taking weeks, requiring you to spend hours trying to resend them over and over, and even then most didn't go through. This prevented funds from going to the exchanges too, so there was limited supply on them
- The "accidental" Microsoft partnership claim, which really turned out to be IOTA being an Azure customer
Take in all of the other stuff, like how they claim to revolutionize so many things like Blockchain, AI, hardware (trinary), how all of that is at odds with the original project history and things like the whitepaper. And so on. CfB is skilled but a black hat.

>> No.13899042

Where can I buy from

>> No.13899052

Sys has solved this "trifecta" for a year already, while for Iota its only on paper.

>Muuhhh innovation

>> No.13899105

>>13898997
They may not have held 50% at any single point in time, and they did pay back many people who claimed using reclaims. But if you look at the log I posted above that confiscation alone took in ca. 10% of all IOTAs, and they had a few of those. It's just one of many tactics to pump up the token, at some point of course FOMO and other crypto market dynamics kick in too.

>> No.13899110

There is no incentive for your average crypto speculator to hold IOTA. Seriously, do research.
Therefore, the only thing to give the network activity so you don't have to wait minutes for someone else to process your transaction is the onboarding of companies + devices, which will take YEARS. Since there is no speculation incentive, the only network activity will be from people transferring between wallets, not actually using the network. Therefore, the times to wait for your transaction to go through will be minutes.

This network will only be realized in 10 years from now if they have companies onboarded as well as devices hooked up. Then a decentralized network where this occurs can be nice. but again, THERE IS NO INCENTIVE FOR ANYONE TO USE THIS. Therefore, when this hype dies down within the week, it'll dump.

>> No.13899152
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13899152

>>13898914
>>13898965
I'm not even going to try to understand which mental disorders you people have, just have a great day - just remember it was YOUR choice not to buy IOTA at 50 cents before it replace analog blockchain and goes to $50, $500, $5000. And yes screencap this for 2025 future /biz

>> No.13899161

>>13899110
What's the incentive to hold Bitcoin?

>> No.13899177

>>13899152
Fuck off criminal shill.

>> No.13899199

>>13899177
what a waste of dubs you schizo newfag

>> No.13899267

>>13899152
“The beauty of doing business with a crook is that he always forgives you for catching him, so long as you don't stop doing business with him.”
― Edwin Lefèvre

>> No.13899465

>>13898441
I have not returned part of my iota.
It was a boring recovery process in two stages, in short, they bored me.

Just wanted to test their "super fast" free transaction technology.

>> No.13900298

They are up to the Coordinator removal. It's a pretty big deal

https://dapplife.com/iota-hint-at-coordicide-sends-miota-token-to-new-highs/

>> No.13900330
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13900330

its dumping frens. looks like this ones done.

>> No.13901111

>>13900330
> i followed the biz way
OH NONONONONO

>> No.13901127

Anons on the sideline.
This is not a shill campaign.
This is not bullshit.
This is not some pajeet trying to sell you "bags".

If you're reading this, DYOR on IOTA and you'll come to the same conclusion a lot of us have.
You're an idiot if you don't buy this.

Quite literally the only thing worth buying besides BTC.

Do you think Bosch invested what they did for shits and giggles?
How about VW group jumping on board?
Or Jaguar.
Or Taipei and Austin testing it.
OR THE FUCKING UN

this board has gone to shit

>> No.13901297

>>13897522
Yeah but current price is only 20% over initial price

>> No.13901335

>>13898557
This
Either way you best be holding a suicide stack

>> No.13901381

>>13901127
Like everything in IOTA these "partnerships" are garbage if you look a bit closer.

1. They openly collected a massive amount of tokens to buy such proof-of-concept partnerships, see https://forum.helloiota.com/17451/Archive-IOTA-Big-Deal (original link removed, but I must have an archived link from the iota.org site somewhere)
2. In many cases they seem to have bought individuals to do some proof-of-concept
3. Every company wants to look like a hotshot by doing hip crypto tech

Taking it together, almost all of their projects are shitty PoC's where the corporations they do it with are largely paid and largely paint IOTA as one of many coins they're evaluating.

>> No.13901393

Does this crap work now? A year ago it took hours of resending transactions for it to work.

>> No.13901434

>>13900330
lol tomorrow will be buying in again

>> No.13901448

>>13901127
You missed arguable the biggest anon, object management group. Seriously look at their fucking members

>> No.13901539

2 years in and dogshit progress much like trx or vechain

it's a scam anon. The main selling point of DAG is in embedded systems and data economy but chainlink + towncrier accomplishes all that and more

>> No.13901597

>>13901539
Upshot is that if you know they're thieves, you can just trade on liquidity until they make the steal.

>> No.13901761

>>13901597
It's not that easy anon because scam money can be used to build some sort of legitimate business.

Here in Asia we remember the Glazer takeover of Manchester United where a well-to-do family bought a football club and had it pay off its own acquisition.

If a lot of people get ripped off to eventually build a legitimate business, it's not in your interest to bet against that business, although odds would suggest that if incredibly grandiose claims are made - as is the case with IOTA - those cannot possibly be fulfilled.

>> No.13901945

>>13901127
lol you making too effort for these low IQ imbeciles on here dude chill let them FOMO in at $10

>> No.13902188

>>13901761
shut the fuck up and just buy link they're accomplishing everything iota's trying to do

iota spread themselves too wide as they've either underestimated the sheer scope of their objective of they've always planned to outsource and whitelabel third-party services

Link will fulfil pretty much every important proposals of iota (i.e. cogniota, fog computing, whatever). These shit need link and towncrier.

>> No.13902209

>buying german coin