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RE: Coin Review: IOTA

in #crypto6 years ago

I am a believer in IOTA. But it won't start working properly until it builds a community and gains some trust. And I agree they are not working hard right now to use headstart with "blockless blockchain" (they need to get a new term for this). Their activity from GitHub is weak, and that is why new projects like nano get a lot of space.

Tangles scalability beats blockchain in every aspect.

Most interesting for me is the futuristic thinking and implementing in autonomous vehicles, smart houses, etc.

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Their activity from GitHub is weak

I haven't checked it up, but the code repository and coding activity is something I tend to look at, either if it's to choose or recommend some piece of software or investing in crypto currencies. Like, Bitconnect - well, it would suffice to check their web site to see that it was a scam, but I didn't do that, I went right to the code repository and it was clearly signalling "stay away" :-)

Weak coding activity is a very strong alarm signal. Maybe the original developers have lost faith in the project. Maybe the original developers - now probably quite rich developers - care more about enjoying their new wealth than coding. Maybe the whole thing was just a scam to earn money.

I've seen many warning signals when it comes to IOTA - I can't say I've followed up and verified all the warning signals, it may very well be that it's all constructed FUD from people that for different reasons don't want anyone to believe in IOTA ... but, I'm wary, I don't have much faith in the project, and I hold no IOTA (though I lended some money to a friend investing in IOTA while it was hot - I think he did manage to earn quite much on it).

I feel they don't understand the concept of community and they don't want to understand. Their direct client is Enterprises, but they forget the end users are us.

To be honest, the futuristic thinking was already done before IOTA existed, probably even before any crypto related tech.

IOTA is a strange one team is good but there wallet its a bit turn off. but the technology is a good start am on the fence atm

Admittedly IOTA is a work in progress. The current official GUI wallet is not very user friendly to use. However the trinity wallet that will be coming out soon will really make IOTA much nicer to use, and alleviate a lot of complaints.

good that's the only reason I do not own more IOTA but if there's a better wallet I'll probably buy more

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