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9228349 No.9228349 [Reply] [Original]

So with Q announced (Smart Contracts, Oracles, Computations and Exchange), IOTA looks like a better and better investment every day, especially with free transactions and potentially unlimited scalability.

However what are the cons of IOTA? No "muh SJW" and Nano shills (protip: no blockchain "currency" will ever succeed).

>> No.9228390

You will not have any actual discussion here, the same way /biz/ is 90% shilling, IOTA gets hit the same way with retarded FUD. Every single blockchain DLT has a monetary incentive for IOTA to fail.

>> No.9228415

>>9228349
There are none. The only semi-legit criticism is the coordinator, but that's temporary. 3 years from now IOTA will be at least rank 2 if not 1.

>> No.9228447

>>9228349
The only con I can think of is the coordinator.
If this is turned off, which they say it will be, I have no issues with iota.
Its the most promising project in crypto, RIGHT NOW.
Just go buy some anon. This pump isn't ending soon

>> No.9228462
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9228462

>>9228415
The coordinator is my biggest concern, but how are they planning to eliminate it and have the network work without it?

>> No.9228474
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9228474

>>9228349
Pic related

>> No.9228491
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9228491

What I mean to say is should I do it? Will I regret it?

>> No.9228538

>>9228474
>the thing that allows chinese miners to monopolize and manipulate the entire emerging market is both good and unable to be improved upon
>just the way it's always been, boys

>> No.9228551

>>9228474
>that retard that doesnt understand you need to confirm two transactions yourself for sending data and every single person is securing the network themself not only the miners like btc.

>> No.9228556

>>9228491
You'll be im a better position than many that have been in since late last summer. Do it and hold.

>> No.9228568

>>9228349
IOTA is a DAG, therefore doesn't belong in crypto discussions.

>> No.9228578

>>9228415
Rank 2 definitely. Glad i stacked up

>> No.9228593

>>9228491
I would rather buy a red candle than a FOMO green one, but thats just my oppinion for short term. If you are sure bitcoin did bottom out for 2018, then I guess you can buy.

>> No.9228641

>>9228349
A lot of the things that are planned are still pretty far away, and afaik only in research phase.
For example:
- swarm intelligence, swarm nodes, i.e. not every node needs to store the entire ledger.
- dynamic snapshotting, allowing nodes to independently make a snapshot and trim 0-value txs.
- address aliases, to eliminate the issue of address reuse (currently, nodes keep a list of used addresses)

Those are just a few things and there is a lot more that is planned but just not there yet.

>> No.9228697

>>9228556
>>9228593
fiy that wouldn't be my only holding, I also have some 80k LINK, 60k REQ, 50 ETH. But I want to have some BTC in case to be safe, that's why I'm wondering if I should just fuck it and go into IOTA with those.

>> No.9228738

>>9228538
>>9228551
Your care won't be running a full node. What economic incentive is there to run a full node on the IOTA network? Is it just that you get to have access to everyones data and sell it yourself? Do the small devices on your network pay you everytime they reconnect and upload their transactions to the Tangle?

>> No.9228737

>>9228697
It's good you're diversified. Shouldn't ever have all your eggs in one basket. That said, holding no Iota would be a mistake.

>> No.9228781

IOTA is the worst shitcoin out there

>> No.9228794

It's been 10 years of blockchain and it's basically still in early testing/piloting phase on a corporate level. Iota may be good but like this anon said if you actually look at what they're doing >>9228641it's still very early days for iota, let alone being tested to the point that companies trust it because it's literally entirely new and there are likely dozens of unforeseen issues.

>> No.9228800

>>9228474
this is stupid. adoption drives merchants economic actors to create nodes to utilize their payments. the network efffect unironically works

>> No.9228819

>>9228349
Except that it doesn't work as intended and is centralized...

>> No.9229055
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9229055

So many nice things will be added! I'm sure they'll make sure the basic functionality works flawlessly before that.

>typical narcissistic devs at work

>> No.9229087

>>9228415
biztards stay sleepin>>9228819
you are gonna be sooo mad when its #1 or #2 on cmc

>> No.9229125

>>9229055
I'll take that over the EOS tards.
Mainnet is coming. We swears on it

>> No.9229137

>>9229087
D E L U S I O N A L
E
L
U
S
I
O
N
A
L

>> No.9229183

>>9228738
You can aleady outsource your proof of work, yes. The incentive to run a full node is to store zero value transactions and not have them remove by a snapshot. Fujitsu for example runs an Enterprise Full Node

>> No.9229195

You retards asking all these questions and having a conversation about IOTA as if it fucking matters
WHO IS THIS SEXY BITCH OP? AND PLEASE TELL ME SHE DOES PORN UUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUNF

>> No.9229287

>>9229195
Sorry anon, I just found it on google.

>> No.9229323

>>9229183
Interesting. Thanks. Will continue to monitor their progress and probably will make a few bucks off this Q hype.

>> No.9229414

>>9229323
Don't be like that guy who sold his Ether at $50 this time last year.

>> No.9229453
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9229453

MILKY MILKY WARM AND TASTY!

MOMMY! MILKY! PLEASE BE HASTY!

REFRESHING DRINK FROM MOMMY'S UDDERS!

I WANT MOMMY'S AND NO OTHER'S!

GIVE IT! GIVE IT! GIVE IT NOW!

GIVE ME MILKY, LAZY SOW!

UNTIL YOU DO I'LL SCREAM I'LL SHOUT!

I'LL CRY I'LL WHINE AND STOMP ABOUT!

UNTIL MY BELLY IS FULL AND HAPPY!

I REFUSE TO TAKE A NAPPY!