A song for IOTA, by Dylan

I'll have a longer report for you about my wonderful talk with @haejin this evening.

One coin we discussed was my FOMO investment in IOTA. It was one of the first coins I invested in from @haejin's recommendations (I started trading them two weeks ago). I bought in on 2017-12-04 at around 24,000 Satoshis (i.e., 0.00024000 BTC), and then when it had run up, I did what I always used to do -- I said "wow this thing's got legs, it's going higher!", and bought in two days later with more, and watched it go down.

I had bought more at 44,000 Satoshis!

Now, IOTA sits at 18,000 Satoshis. I've been watching it slowly move down since the second purchase. Was considering selling. @haejin shared his screen and drew some lines, and it looks like this thing's due to pop in short order.

Blue

So, the "blue" will not last much longer! :)

Tangled

IOTA's blockchain is unique in that it's a "tangle", meaning each transaction is linked to two previous transactions, verifying them. So -- unlike my analysis of the Bitcoin whitepaper recently, in which the first block was unlike all the others in that it had no parent block, the IOTA blockchain will have two unique blocks: one which verifies no blocks, and one which verifies a single previous block. (Then all the others, which are similar -- they all verify two previous blocks.)

But anyway, they're "tangles."

Dylan

Enjoy!

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