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

/biz/ - Business & Finance


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4931423 No.4931423 [Reply] [Original]

https://twitter.com/jratcliff/status/939578638432985088

Hey brainlets, the reason IOTA hasn't tanked is because the network is down. Don't believe me? Try to send something.

Nobody holding in a wallet can sell.

>> No.4931442

>>4931423
Everyone: View the replies to that tweet. It's the founder and he blames the user.

>> No.4931669

>>4931423
>>4931442
How the fuck do you even send this coin? I tried sending 10 from bitfinex to binance and it was pending for 24 hours, so I cancelled

>> No.4931703 [DELETED] 

>>4931669
Nobody can send.

Not only this, they are holding onto like 8% of all user's IOTA, they've held it hostage since October

This is really really bad

>> No.4931735
File: 347 KB, 2800x3380, 3oejD6v.jpg [View same] [iqdb] [saucenao] [google]
4931735

IOTA is crap. You can't reuse the same address without giving up your private key.

https://www.reddit.com/r/Iota/comments/7cze8u/iota_address_reuse_explained_for_laymen/

>> No.4931740

>>4931669
That's what i'm saying.

NOBODY CAN SEND. It will be like this until Monday at the very earliest. On Slack the founders don't give a fuck and said they aren't working the weekend.

>> No.4931743

lol the founder is an arrogant piece of shit.

he refuses to acknowledge the problem instead attacks the person

>> No.4931856

Fatty is just frustrated because he can't cash out :D

>> No.4931863

>Guy says that he's an early investor and complains that he can't actually move his stuff because the supposed next-generation network doesn't work
>Development head gets huffy and unnecessarily hostile at the guy and says he'd buy his IOTA at exceedingly below market price because I don't even know

The future, ladies and gentlemen

>> No.4931881
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4931881

>>4931423

y'all niggas jealous baka iota is a comfy af hodl

>> No.4931891

>>4931881
>iota is a comfy af hodl

You'd better hope it's comfy because that's all you can do

>> No.4931910
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4931910

>>4931891

why would i want to cash out now on a coin that's going to make me extremely rich this time next year

>> No.4931913

>>4931735
>Guy loses $30k because he reused the same address.
>https://forum.helloiota.com/2017/234-GI-30k-gone-from-my-wallet-not-one-of-the-typical-my-balance-is-zero-suddenly-thread-guys-i-badl

>> No.4931914

>>4931735
>when a design flaw becomes a feature

>> No.4931968
File: 17 KB, 242x283, 5733198291.jpg [View same] [iqdb] [saucenao] [google]
4931968

As if this wasn't bad enough, they are holding onto a HUGE amount of user's IOTA from October. They pushed out an update that made 8% of users lose their balance. The balance was moved to a foundation wallet. They have yet to return it. OCTOBER.

>> No.4931974

>can't cash out is a meme

>> No.4931977
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4931977

>>4931423
Hahhaahaha fucking loser who sold at 1$ now crying like a bitch and trying to spread FUD on random image board

>coping is hard for you brainlet

>> No.4932069

>>4931913
IOTAed.

>> No.4932158

>>4931423
I wouldn't go anywhere near that scam.

>> No.4932186

>>4931977
It feels fucking bad, man

I DID MY FUCKING RESEARCH AND SAW IT WAS SHIT AND SOLD ALL OF IT

AND THEN RETARDED IDIOTS MADE IT MOON

FUCK YOU PEOPLE WHY DO LOW IQ NORMIES GET 2000% PROFIT FROM THIS SCAM ASS TOKEN

>> No.4932211

>>4932186
Your research is shit you homosexual piece of shit for brain lol

>> No.4932337
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4932337

>>4932186
AHAHAHAHA

>> No.4932491

>buying iotakbar

>> No.4932608
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4932608

>>4931740
>>4931743

>founder already said network improvements are coming

lol you fucking fudding retards will fomo when this coin moons even harder

>> No.4932618

>>4931423

I bought some Iota (10 MIOTA) when it hit $4.98 because I had been doin some research, thought the tech sounded pretty cool and liked it, saw some bigger named companies were talking about it and figured I might as well hop in.

Now I'm $50 in and I feel like a scammed fool with this dip

>> No.4932648

>>4931423

>professionally done image logo

>not a paid shill

Pick one and only one

>> No.4932649

>>4931423
so happy i sold this bullshit

>> No.4932651
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4932651

>>4931735
Pahahaha this piece of shitcoin keeps on giving

>> No.4932693

>buying a centralised coin that is literally used to fund human genocide through spread of subhumans and whose dev team is made of only subhumans like sandniggers and women
Kekking Every Kek

>> No.4932816

IOTA is either revolutionary and takes over BTC or it's a bust. either way, i got in early because it seems like it will grow past $4 if the IOT really takes off.

the refugee city thing is just a meme

>> No.4932844

>>4932651

you have to think in his shoes. in his mind it race doesn't exist so he just wants a coin that benefits humanity? do you think elon musk is a 1488er? probably not. he just wants to make the world a better, more efficient place

>> No.4932854

>>4931913
So you're telling me someone can Utd explore transaction and any wallet that has sent iota then received it is vulnerable to theft. Interesting...

>> No.4932920

>>4932618
same

>> No.4933137

>>4932920

I dont even own much crypto. I had like $150 of bitcoin that I had put in as a "Well I wouldnt care if this all disappeared so it'll be fun to watch" and then saw IOTA, transferred 50 bitcoins worth and now both bitcoin and iota are tanking and all the money is basically going to be worthless.

Its not going to ruin me or anything but its still just makes me sad :(

>> No.4933158
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4933158

>>4931423
regardless, IOTA is going to moon more based on the new wallet release and more publicity. Even if the tech doesn't work, you can still make money on this coin in the next 6 months. Already up 4k faggots

>> No.4933207

>>4933158
Priced in. Enjoy your bags.

>> No.4933209

>>4931669
its been like this ,off and on for as long as i've held iota
coordinator offline or some stupid shit
and the official light wallet is a mess
attach to tangle, rebroadcast, pending for days i dont fuckin get it

>> No.4933219

>>4931423

Bullshit. The transactions are just slow. Source: Me (transferred some coins to Bitfinex)

>> No.4933236

>>4933219

*last night

>> No.4933245
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4933245

>>4932854
That's what it looks like. Apparently the foundation seized a bunch of accounts that reused their address. There's a reclaim process and all.

https://rd-public.s3.amazonaws.com/iota/snapshot_validation_20171023.txt
https://forum.helloiota.com/1242/Reclaim-Status

>> No.4934190

>>4931735
HOW IS IT CRAP WHEN ITS IN FUCKING DEVELOPMENT ALPHA STAGE YOU FUCKING MORON PLEASE SELL IT ON THE EXCHANGE AND FUCK OFF

>> No.4934476

IOTA is a scam
https://www.youtube.com/watch?v=ITGCv5x2tKY

>> No.4934503
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4934503

Just buy Raiblocks instead

>> No.4934505

>>4931910
You realize that your coin is worthless, and you can't exchange it now
Tangle doesn't work, it even states it in the whitepaper

>> No.4934531

>I was an early adopter of IOTA. I bought 45,000mi at 21 cents apiece. Now I would like to sell some and the network is literally dead. Transactions do not confirm for days or weeks. How there is this much hype for a completely non-functional network is beyond me.

Literally the same exact thing will happen to bitcoin. It will keep rising until the network locks up with 2 week delays and no one can move anything.

>> No.4934535

>>4931423

Good. All nigger lovers eventually get what's coming to them.

>> No.4934548

>>4934505

>Tangle doesn't work
Made a transaction not even 12 hours before. Yes, there is a coordinator because the network isn't save enough atm.

>> No.4934585

>>4934548
the network isn't save enough atm.
>implying it will ever be
read the whitepaper again, they point out alot of problems that they HOPE they somehow will find a solution for
/protip/ there isn't one

>> No.4934620

>>4932651
this shit needs to tank into oblivion.
it might even be worse than verge.

>> No.4934624

>>4932186

You are not alone. I did the same. Let me hug you anon.

>> No.4934637

>>4932651
saved. people were asking for this the other day.

>> No.4934643

>Investing in Alt-coins
>Ever

>> No.4934650
File: 1.05 MB, 800x340, doit.gif [View same] [iqdb] [saucenao] [google]
4934650

>>4932651

>> No.4934665

>>4932816

IOTA will never work for IOT. Founders do not understand IOT beyond meme level.

t. embedded systems engineer.

>> No.4934670

>>4932651
You realize you act in your little /pol/ bubble? The shit you're trying looks ridiculous to anyone with a functioning brain. Stay poor.

>> No.4934682

>>4934670
personally, im glad you sjw are burning your money, the future will not be kind for the likes of you

>> No.4934717

>>4934682
I'm not a SJW and I'm not burning my money, I already made half a million off IOTA. You're deluded and your mind is poisoned by the worse version of stormfront.

You can take a clever position against ptc bullshit OR you can spout /pol/ nonsense and immediately disqualify yourself from any sophisticated discussion, just like you disqualified yourself from living a wealthy life.

>> No.4934737

>>4934717
> I already made half a million off IOTA.
Are you still in IOTA?
because then i have some bad news for you breh...

>> No.4934755

>>4934717
A little math to make it clearer: 500.000 x 0 = 0

>> No.4934760

>>4934737
What's the bad news? That it'll double again once they push the december hype wave? It's your own decision but you're obviously very averse to wealth. Are you a fascist socialist?

>> No.4934768

>>4931423
creator's reaction
https://twitter.com/DavidSonstebo/status/939599309556862976

>> No.4934780

>>4933158
Sepak Takraw is actually very fun sport

>> No.4934787

>>4934760
But of course you can make money off a scam, you just have to realize this and get out, before the music stops, you did get out, didn't you anon?

>> No.4934799

anybody who has a piece of mind would know that the OP just wants to load up on your costs.

>> No.4934808

>>4934760
I like how every time something spikes everybody thinks it'll keep going that one leg up forever
has it ever tho? really

>> No.4934817

>>4934670
Kys faggot

>> No.4934836

>>4934808
I mean, just bitcoin

>> No.4934852

>>4934836
i remember ETH came so close to being number 1 then it all just fell due to network congestion

>> No.4934858

man i fkin hate these iota bags..

>> No.4934906

IOTA cucks literally can't cash out kek. That's what you get for supporting genocide of indigenous European population.

>> No.4934932
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4934932

IOTA bagholders going to the poorhouse
sjw and nigger on suicidewatch
is IOTA secretly /ourcoin/?

>> No.4934971

>>4933245
embarrassing

>> No.4934976

>>4934852
ETH has 5 scaling solution next year

Plasma worked on by Omisego
Raiden network
Casper
Sharding
Proof of Stake

Eth WILL take the top spot. 2019. In the mean time both Btc & Eth will rocket.

>> No.4934993
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4934993

>>4934932

>> No.4935027

>>4933158
Up 30k here...much more to come this month too. ;)

>> No.4935193

>>4934717
>worse version of stormfront

are you kidding? pol arent even actual white supremacists. stormfront is serious.

>> No.4935314
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4935314

>network is literally dead.
>network
Am i understanding this right?
Does IOTA not use a blockchain?

>> No.4935345

>>4935314
No, they use something they call a tangle where each transaction has to be confirmed by two other concurring transactions. It is a shit system that is EXTREMELY vulnerable to attack, they even state it in their own whitepaper. but don't worry, they HOPE to find a solution one day.

>> No.4935357

>>4935314
Nope.

>> No.4935374

>>4931442
>It's the founder and he blames the user.
of course he does, the coins only meant to help arabs get together on western soil. Hes admitted this several times. You goy got worked by globalist shill threads just like ripplecucks

but but but muh tecchhhhh, HAHAHA so much for that

>> No.4935381

>>4931968
that coin is needed to help refugees, im sure you dont mind.

>> No.4935401

When will this reach $10 or more so I can finally dump it

>> No.4935402
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4935402

IOTA bagholders just now figuring out they were the victims of 2017 most transparent scam

>> No.4935418

>>4935314
>>4935345
>>4935357
Try running an IOTA node.
You have to find your own peers, complete BS.
I wanted this to work the first week I saw it in top 5, I read the whitepaper identified a pyramid scheme and still saw the uses in IoT and attempted to setup a node.
Still I was not successful in finding peers, or establishing a local testnet gave up and determined it trash since.

An ether testnet has 10x the use cases.
Only thing I have seen that is remarkable is quantum resistance and I haven't seen a proof for that.

>> No.4935420
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4935420

>>4935345
Wut?!?!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!

Oh lord the ultimate shitcoin
>No blockchain
>SJWs love it
>reddit too
>roped in yuge tech companies
>Internet of things buzz word marketing
I love it.
The implosion will be so beautiful.

>> No.4935424
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4935424

>>4933245
> the foundation seized

how can you trust this crap when this is even possible? fucking normies.

>> No.4935454

>>4931423
I still can't believe IOTA
>complete shitcoin with the worst tech imaginable
>gets shilled on reddit as "the newxt beetcoin!!!"
>suddenly 4th marketcap
good for you people who got on the idiotic reddit pump but if you haven't sold and taken your profits yet God help you

>> No.4935465

>>4935420
they lied about some studios and cisco being on board, more companies will be removed from their profile in the coming days, you'll probably see less than half of what they were advertsing

>> No.4935466
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4935466

>>4935420

>> No.4935483

holy fuck this CEO is emotionally unstable. why he's mad at everyone?
also his ego is like 10000/10.

I guess I'm selling at next high and switch to more reliable project

>> No.4935527
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4935527

>be satoshi
>make bitcoin
>people laugh

>makes nxt/ardor
>people laugh

>have enough
>goes all out
>creates IOTA
>fixes all previous problems with btc/nxt
>s..su..rely they'll like me now

>tfw people laugh

>> No.4935565
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4935565

>>4931442
Just noticed the OP tweeter is a NVIDIA engineer
This thing
the whole thing
Is a dumpster fire the size of Jupiter!

>> No.4935634
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4935634

>I couldn't sell them to you if I wanted, no transactions are confirming!
This Genesis hole
It doesn't end
It
Just
Keeps
On
Giving

>> No.4935645

What are IOTA price predictions for Thursday?

>> No.4935692

>>4935645
free fall down and under

>> No.4935714

>>4931423
>>4932608

WHAT A COIN !!!
Who cares about working product. All will come. User friendliness .Confirmation rates. Resistance to spam (censorship).
Maybe ..maybe even a wallet one day.

>> No.4935729

>>4935645
IF the network comes back up and people can sell their shit expect an enormous dump. reddit's finally beginning to open their eyes to what a useless scam they bought into

>> No.4935781

Is the rumor about IOTA partnership with Somalian government true?

>> No.4935803

>>4935781
none of the partnership rumors have been true so far.

>> No.4935923

Notice how IOTA shilling bagholders when faced with reality, promtly left the thread thinking there was still time to cash out, there wasn't.

>> No.4935941

>>4935923
I left because you're an absolute waste of time talking to. Just saw your shit again while scrolling through threads and decided to drop this.

>> No.4935962

>>4935941
>IOTA bagholder uses index
kek. what a surprise.

>> No.4935966
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4935966

>>4935941
too bad you can't drop your bags

>> No.4935967

A lot of FUD around here of people that obviously don't understand the technology. The concept is great and I don't see any technical issue that can't be fixed in the future. But JESUS CHRIST the founders are acting like a bunch of immature retards.

>> No.4935973

>buying centralized crypto

>> No.4935990

>>4935967
>But JESUS CHRIST the founders are acting like a bunch of immature retards
well duh they're leftists

>> No.4936000
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4936000

What happens if you mention IOTA.

>> No.4936010
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4936010

>>4935967
>acting like a bunch of immature retards.
SJWs always lie
SJWs always project
SJWs always double down
Read the signs m8
Its the Hindenburg of shitcoins

>> No.4936017

>>4936000
Screencapping this post for when the suicides begin.

>> No.4936122

>>4936017
>implying they're not already started
c'mon you know how redditors are

>> No.4936181
File: 597 KB, 1242x2208, 2150F74F-E1AC-41BF-B536-795A93BBB8DE.png [View same] [iqdb] [saucenao] [google]
4936181

> IOTA collaborates with 30+ large companies, including Bosch, Microsoft, Fujitsu, and Samsung.

> Gaining similar recognition as ETH and BTC from normie news outlets.

> People still trying to spread FUD that it’s all a scam.

Bottom line, even ETH and BTC have major issues, including people who can’t transfer. BTC is the top FUD’d coin, but look at it now. The difference between BTC and IOTA? BTC’s to its central problems is to fork into oblivion. IOTA’s - Its core concept is the solution... it’s just still being developed.

>> No.4936192

I've been waiting 4 fucking hours for a transaction

>> No.4936216

>>4936181
eth for cats,bitcoin because well dogshit teh

all in iota rn,feels good

>> No.4936228

>>4936216
tech*

>> No.4936274

>4935967
>people that obviously don't understand the technology
>The concept is great

>> No.4936310

>>4936192
keep switching nodes and spam rebroadcast/reattach

http://node.lukaseder.de:14265

This one worked for me. I tested to see if I could send a transaction with 0 reattaches. 2 days later it was still pending and confirmed instantly when I reattached with this node.

>> No.4936318

>>4936310
Sent from an exchange to my wallet, am I fucked?

>> No.4936344

>>4936318
the exchanges do this for you if they're competent

my first withdrawal from an exchange had something like 4 reattaches

>> No.4936991

>>4936344
>its the incompetent exchanges that arent switching nodes, its their fault

what happened to the tangle ?

>> No.4937021
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4937021

>> No.4937084
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4937084

>>4936000
fixed