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/biz/ - Business & Finance

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28544293 No.28544293 [Reply] [Original]

One week in 2017 I was into IOTA. But then I stopped because.
> The devs are assholes and does not seem to have business sense
> Shilling and fake partnerships
> Rolled their own crypto
> Paid shills on reddit
> Coordinator forever
> Zero progress
> Consensus protocol is probably not secure
> Consensus protocol is probably extremely slow
> Consensus protocol has not been proven to work
> 0 fees does probably make network less secure
> Does not even have smart contracts yet
> Valued at 3 billion dollars


Just always tons of red flags with this project. But maybe I could buy some now? Has things changed or is it still shit? I will buy a couple of thousand coins if someone can provide me with some arguments as to why it is no longer a shit project. If you can prove it is a good project I will buy!

>> No.28544424

>>28544293
what is the incentive for someone to spoon feed you?

>> No.28544521

>>28544293
Please don't buy. It's a shitcoin, nothing to see here.

>> No.28544773

>>28544424
>>28544521
Two bad responses so far
Oh so your coin is so special that you can't even provide some simple arguments?
It has always been the ultimate shitcoin and every og on /biz/ hates it
we have always hated it

>> No.28544827
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28544827

>>28544293

>> No.28545017

>>28544773
you're definitely ngmi. 502

>> No.28545046

>>28544827
you forgot to mention secure
we have a DAG gossip protocol that actually works, and that is avalanche protocol
so how is IOTA better or even on par with Avalanche?

>> No.28545195

>>28544773
>i see you bought this thing
>write an essay on why you bought it
you see how stupid and entitled you sound?

>> No.28545522

>>28545046
contrary to popular belief, avalanche is not feeless

>> No.28545838

>>28544827
from left to right, replace with AVAX, ETH and ADA

>> No.28545877

>>28544293
>the owners are meanieheads
Stopped reading there you child.

>> No.28546162

don't bump this thread, it's fake FUD so let it die

>> No.28546201

>>28544773
I'm 100% serious.
Don't buy.

>> No.28546219

>>28544293
Cringey fake scam IOTA thread. kys

>> No.28546311

>>28544773
also kys

>> No.28546575

>>28545195
>>28545522
>>28545877
>>28546162
>>28546201
>>28546219
genuine question, have they found this distributed randomness generator?
https://near.org/blog/avalanche-vs-the-new-iota-consensus-algorithm-with-a-touch-of-spacemesh/

>> No.28547455

>>28546575
https://github.com/iotaledger/drng

>> No.28547518
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28547518

>>28546575
IOTA has its own solution for distributed randomness running since months. It will be utilized in Coordicide later this year

>> No.28547630

>>28544773
Indeed , stay pajeet, gifi

>> No.28548333

>>28547518
interesting, so is IOTA more resistant towards adversaries than Avalanche?

>> No.28548940
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28548940

>>28548333
Nice trips. IOTA Foundation is a 120+ (soon 150+) full time working team which overcame lots of adversaries over the past years. They learned everything there is to learn in crypto. Thats why now the harvest is ripe