RE: KABOOOOOM!! IOTA SURGES to 860% PROFIT!!! @haejin recommended IOTA 28 days ago at $0.38 and price surged to $3.27!!
That's pure FUD - Fear Uncertainty Doubt - sorry but I have to call it like I see it here. The MIT researchers found a cryptographic flaw that produced collisions in certain wallet seeds. What they didn't take into account is that IOTA uses trinary not binary during calculations. IOTA intentionally did this as a protection scheme to prevent copycats from successfully using the code they developed. This is OLD news from several months ago. IOTA removed their copy protection scheme once it was discovered. This is not a valid issue or concern.
So ETH is coming out with new scaleable tech? That would be refreshing after todays Ethereum network disaster which caused the entire ETH network to come to a crawl and held up people's transactions for hours and hours. Rumor is that this network overload and stall is because of "crypto kitties". ETH can't even handle a basic cat app. I suppose all the ETH hype from the past several months has been proven to be just that - HYPE. What do you think will happen as more and more high demand apps are added? Even slower... Ethereum is not alone - the same scale-ability issues affect bitcoin and every other block chain based coins.
I suppose this new ETH tech is going to magically be better than IOTA's upon intial delivery? IOTA has been developing the tangle technology for YEARS and testing it in the real world for months now. Where is this ETH tech? Oh that's right - it's being developed... So no one has a hard date for the delivery of it? No one is currently using it? By that time ETH will have lost the market share to IOTA - which ETH is doing as I write this - and conventional block chain technology will be replaced by the IOTA tangle tech IMO which will have proven itself many times over by the time this new ETH tech hits the market.
Nice try, but I am not buying the FUD - nor is the market... IOTA has move up from 8th market capitalization to 4th in less than two weeks. I guess all those investors are just crazy or stupid? By the way - the IOTA network processed 2.3 million in transactions today while ETH processed only 1.5 million in the same time period. Why? Because Etherium network could not keep up.
Ethereum developers and supporters are the only unhappy people I have seen here.