Help!!! IOTA just seems too good to be true
-Infinitely scale-able (at least to the speed of light)
-Quantum Computer proof
-The Network absorbs hacker attacks and gets stronger because of the attack
-Online/Offline transactions
-The more users the faster it gets, congestion is never an issue, it is a benefit
-Better for the environment, Bitcoin is using up a billion vigintillion megawatts of power... An exaggeration but close:-)
-It could easily take over as a global reserve currency, the technology is working now
-It has NO FEES!!!
It just seems like The Tangle is so much more advanced than Blockchain Technology
The only negative that I can find are that it is only traded on Bitfinex
Does anyone know of anymore negatives related to IOTA?
I was reading the article in the link I posted below and my mind is just blown
https://www.cryptocoinsnews.com/iota-unveils-flash-network-allowing-for-true-nanopayments/
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I could not download its wallet.
Interesting, I still have mine on Bitfinex, I need to figure out their wallet. Was it just a straight error message? What did it do?
always errors, this was why I did not buy since it was $0.5.
The whitepaper will give you some idea of its vulnerabilities, which are numerous.
Even with countermeasures, it might not be capable of the same Byzanyine Fault Tolerance as a blockchain.
All that said, I am invested in it and I think it's cool.
Right now, I welcome any currency that has zero fees, we've all got computers with powerful chips these days, why do we need someone else to process transactions for us... Bitcoin fees are a joke right now, what good is a coin that is too expensive to spend..
Looks very good, but still does not have a stable wallet and I think it is very immature, it will take a couple of years to take off, but when it does to the moon and more...
I can only offer this humble solice...
http://transhumanity.us
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