IOTA - People don't recognize that the future is right here
- Thread starter thebowz
- Start date
waterworks
Senior Member
- Sep 28, 2013
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Read above. Plenty of talk about lack of wallet. Pretty sure almost everyone buying and leaving on exchange since no other viable options currently.
Vapys
Power Member
- Aug 17, 2016
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Can't withdrawal at the moment. Must leave their or use their wallet posted above at your own risk.
LiquidLeads
Supreme Member
- Aug 3, 2016
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Yep, no option to withdrawal this coin on binance currectly
drogon
Elite Member
- May 28, 2010
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Alts like IOTA is the true definition of a bubble, not Bitcoin. At least Bitcoin is a working product (yes it has its flaws) and acts as a store of wealth. But IOTA, has ZERO product, not even a wallet,a nd yet it is worth 13 billion dollars based on a promise and partnerships which could go no where. And people want to fill forms to get it on more exchanges so it is worth even more billions......but where is the product or even a prototype?
SeoWrecker
Elite Member
- Jul 16, 2012
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drogon
Elite Member
- May 28, 2010
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What again? Im not some anti crypto guy ranting its all a bubble. I do invest in crypto. just making conversion and an observation! Does anyone even think about the fact IOTA is currently worth 13 billion dollars. Thats alot of money for nothing!
Do you think IOTA randomly got partnered with Microsoft, Samsung and other huge companys? Do you think they would partner with them without showing a working product? Lol
Its insanely hard getting a partnership from them dude
SeoWrecker
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LiquidLeads
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Vapys
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drogon
Elite Member
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So you are saying IOTA showed Microsoft and Samsung a working product as fact? I agree having a partnership with these big companies is worth something. What i am asking though is that is having a partnership with zero product right now worth 13 Billion dollars?
drogon
Elite Member
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Why are you showing me BTC price? Im talking about IOTA here LOL! I actually own BTC so yes making good profits thanks!
Vapys
Power Member
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Are you familiar with the technology behind IOTA and what it's used for?
drogon
Elite Member
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Yes i have some basically understanding of the tech and its use case but it is still under development and may or may not be a success and as pointed out in the article posted by @SeoWrecker there are some major issues: Im not saying IOTA does not have any value, what i am asking is that does any one really think its worth 13 Billion??
What’s The Catch?
The Internet of Things is a glamorous buzzword but it might be a while before a sensor-filled future of machines becomes a reality. Also, IOTA is a technology under development and is still improving flaws in its protocol. For example, the MIT Media Lab recently uncovered a security problem with Tangle. According to the MIT team, the IOTA protocol’s hash function, Curl, produced collisions or a situation where different inputs hash pointed to the same output.
“Once we developed our attack, we could find collisions using commodity hardware within just a few minutes, and forge signatures on IOTA payments,” Neha Narula, director of MIT’s Digital Cryptocurrency Initiative, wrote. IOTA later rectified the problem.
The cryptocurrency’s adoption rates could also be stymied if players within the IoT and ecommerce ecosystem, such as Amazon.com Inc.
A Jason
Regular Member
- Nov 29, 2016
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So you think multiple billion dollar companies jumped into IOTA just based on speculation?
Volkswagen, Cisco Systems, Samsung Artik, Microsoft, Fujitsu, BOSCH, LATTICE80, Sopra Steria, RuuviLab, Innogy, ElaadNL, Ubuntu, Accenture Labs. I could go on and on...
I'd suggest you actually research the technology and innovation behind IOTA before throwing around the word "zero product."
Yes, I'm not saying IOTA is perfect or has no problems, but they just launched their data marketplace and it is very very early days to be making such bullish statements.
drogon
Elite Member
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drogon
Elite Member
- May 28, 2010
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Please read my comments, i said is IOTA worth 13 Billion? I am talking about the value of the company at this stage in its product development where it is still a work in progress. I did not say it has zero value. I said it has zero product, or maybe i should have said instead, its a product under development which may take years to finish worth 13 billion dollars today? I did not say IOTA has no value. I invest in crypto so this is not some generic anti crypto rant. Please read and understand what i am asking. Cheers.
A Jason
Regular Member
- Nov 29, 2016
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You don't consider the data marketplace as a product?
I kindly suggest you have a read of this https://blog.iota.org/iota-data-marketplace-cb6be463ac7f.
This was launched on 28 Nov and this explains the 13 billion valuation and recent spike.
Thanks