IOTA is in full meltdown mode

[Anonymous No.17103778]

>https://www.reddit.com/r/Buttcoin/comments/ezb6aj/iota_is_in_full_meltdown_mode_leaking_chats/

IOTA founders u/DavidSonstebo
(DS) and twitter.com/c___f___b (CfB) announce big news on their ternary computing (lol) token/company, Jinn [Labs], which is "what created IOTA". For 6 years, they have said they've been making progress, and a finished product is around the corner - everyone effectively expects some product announcement. Instead, DS posts this medium post and later 'Jinn is dead, [CfB] is crazy'. DS says he owns 100% of Jinn, assigns the (worthless) brand and name to CfB - but keeps $20M worth of IOTA tokens held by Jinn Labs. A fair deal, according to him. CfB responds by leaking private chats (tweets are now deleted). This leads to the first wave of drama in Discord (thread). Sonstebo apologizes (...), which leads to a ceasefire lasting a few hours.

Then people start wondering, "where did those $15+M actually come from"? Well, it turns out, during the IOTA crowdsale, some people never picked up the tokens they bought. So David decided he owns them now, and them in his 100% owned company, IOTA AS. And the community, having donated ~5% of the total IOTA supply ($ double/tripple digit million) to the foundation, is not happy. Not to mention the holders of the Jinn tokens, who aren't getting anything. The ceasefire ends too, leading to the second drama wave (thread)
In the end, both CfB and DS are pointing fingers at each others, threatening lawsuits, going to police etc, the IF is trying to get people to stop talking about it (lol).

[Anonymous No.17103975]

>>17103778
idc. Iota will make me rich faggot

[Anonymous No.17104005]

>>17103975
seething copetard

[Anonymous No.17104154]

>>17103778
>As is tradition Iota lives up to its reputation as hyperambitious project ran by incompetent manbabies.

>>17103975
wellcome to markets newfag

>2017 I remember them defending ternary bullshitwhen vitalik called them out
>2020 They are going binary after all

>2017 coordinator will be removed soon
>EOY 2019 coordicide whitepaper explaining how they got new plans how to remove coordinator in few years

>2016 300k tps iminent
>2020 euphoric about 300tps testnet

[Anonymous No.17104248]

>>17103778
I once traded Link for Iota at a 1:1 ratio, think about that

[Anonymous No.17104293]

>>17104248
LINK will be the next technobabble shit project to come out and admit that their product is useless.

[Anonymous No.17104399]

>>17104154
Yikes

All I know about IOTA is they had a female tech lead in 2017 so I ignored the project ever since. Thanks for the insight.

[Anonymous No.17104622]

>>17104399
>female tech lead in 2017 so I ignored the project
Allways good "rule of the thumb" anon

[Anonymous No.17104679]

>>17104248
Bro i did the same but it wasnt iota i traded aion:link 1:1 in 2018. 100k link for 100k aion. Still waking me up at night in 2020.

[Anonymous No.17104708]

haha IOTA is only there to scam german people
it's not going anywhere

the shill with the tangle was a nice try because most people can't verify the tech but man, if 3 years later you still need a centralized coordinator that should tell you everything

[Anonymous No.17104710]

>>17104399
>>17104622
Checked and Checked and confirmed.

[Anonymous No.17105218]

>>17103778
>reddit
based

[Anonymous No.17106482]

> muh unprofessional IOTA devs being unprofessonal with the personality now leaking into public is bad
> muh holo CEO embezzling ICO funds to build a public bondage studio is perfectly fine
kek. the absolute state of the west.

[G Fedak No.17106515]

>>17103778
old fud, fuck you

[Anonymous No.17106826]

>>17106515
Happening right now retard. IOTA is going to zero

[Anonymous No.17107091]

>>17106826
> thinking the same shit as redditors do
Good job nig

[Anonymous No.17107316]

>>17106515
Old? Its new faggot.

[Anonymous No.17107347]

>>17107316
Yes i'm about to melt... i realized that the situation is serious

[Anonymous No.17107373]

>>17103778
>Well, it turns out, during the IOTA crowdsale, some people never picked up the tokens they bought. So David decided he owns them now
Hahaha hahahahahahaha how the fuck do you cope with this?!

[Anonymous No.17107418]

MUH INDUSTRY 4.0
Where is the guy that tried to argue that this shit isn't a scam? You were able to make a good buck with this in 2017 and that's that. If you didn't sell after the project leaders continued to act like massive spergs publicly, it's your own fault.

[Anonymous No.17107449]

>>17104679
Damn i didn't even remember aion til u mentioned

[Anonymous No.17107461]

>WHAT ABOUT THE COORDINATOR