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RE: IOTA: First Cryptocurrency WITHOUT A Blockchain Launches, Jumps To 6th Highest Marketcap In 1 Day!

in #cryptocurrency4 years ago

There was an active OTC market on their slack selling between 0.16B and 0.20 per Gi which more or less seems to have set the initial valuation.

I've been following this one for a while. The technology looks really impressive. One issue I am curious about is whether people will use IOTA as a store or value, or just convert BTC or ETH as needed to top up.

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Hm, you're right, interesting question. I think it could be used as value as well in the future.

I think BAT might have this problem too. Why leave your payouts in BAT when you can just cash-out and cash-in when convenient.

That's not to say that they won't have value. They are still, by design, finite and therefore scarce.

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