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RE: The reality of IOTA 📢 news bombshell today 📉
IOTA has definitely potential, even though the recent hype was just a storm in a teacup (apparently), I see the long term potential there: from a technological point of view it is probably better to become the digital cash that Bitcoin tried to be.
The one thing I'm not sure about is that since IOTA has a clearly defined focus (internet of things, machine-to-machine transactions): will it be adapted by the mainstream or if it will stay in its niche?
it will be adapted to the mainsteam on that area of IoT, etc. It will enable mainstream products to 'talk' to each other in theory by mainstream companies , that's the hope.
Yeah it does have potential but now they even have more pressure to deliver something because of the recent news that they do not have a formal partnership with Microsoft or anybody, they are just Microsoft Azure customers not partners.
I just realised that I wasn't clear enough in what I wanted to say: I'm wondering if IOTA will also become a crypto currency that is used outside of IoT, e.g. for online shopping
Yes now they under more pressure to deliver, but I think that all the attention IOTA got recently also helped to promote the project, which is beneficial.
yeah I mean those guys from the IOTA foundation are marketing geniuses 😁 and the price today is still over $4
Should we proceed to invest in IOTA?
Yes they are 🙂
I would say yes, if the price drops to what it was before the hype. Even if it only drops to around $2, I would be very tempted to invest. I think the time of IOTA is about to come.