Sorry folks, but IOTA has no future... unless people are really going to work on it for free indefinitely.

tolkatore (55)in #iota • 7 years ago (edited)

I've been trying to understand why people defend IOTA so fanatically, and have come to the conclusion that they believe that the network could work forever without any problems... for free!

I am going to drop a link below that will take you to the conversation I've been having and debating with all these fan boys on Reddit, in order to give you a better perspective as to what is going on.

I'd do it here, but lately on Steemit, the only things getting attention are little Asian girls visiting places, and other random stupid shit, so unfortunately... ain't much of a conversation to be had on here.

Simply tap or click here to see what the Reddit community has to say.

Before you go though, I want to leave you with a very special quote that is near and dear to my heart, of which pertains to IOTA, and everything it claims to want to be in every way shape or form:

#cryptocurrency #cryptocurrencies #bitcoin #ethereum

7 years ago in #iota by tolkatore (55)

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davidpercival (30) 7 years ago

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1 vote

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tolkatore (55) 7 years ago

Hey there bud, was there anything in my article you'd like to debate?

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niel96 (69) 6 years ago

iota is not a bad coin but hyped up

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wekkel (51) 7 years ago

Fact is that people miraculously seem to do things.... for free. Economist are puzzled while their models fall apart in tiny pieces but people regularly do things without requiring anything in return. The same could apply to keeping a cryptocurrency network alive. It would not be the first time. I am not afraid this would become a big issue.

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1 vote

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tolkatore (55) 7 years ago

Good luck with that.

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greenrun (66) 7 years ago (edited)

I'd do it here, but lately on Steemit, the only things getting attention are little Asian girls visiting places

Savage you are....hehehe😂😂😂

Not a fan of IOTA... but.....

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3 votes

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tolkatore (55) 7 years ago

Ha ha, I wasn't trying to bash Steemit, I love it here, but I always have to remind myself to hit my topics of choice in the right sidebar... or else I get pissed. 🐳

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greenrun (66) 7 years ago

I get you :)

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1 vote

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tolkatore (55) 7 years ago

Well at least somebody does. 😉

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eosfan (49) 7 years ago (edited)

centralized coordinator
untested security code on live network (b/c currently defended by coordinator)
intermittent pow is easily overwhelmed by focused pow attack
double spend proof (w/o coordinator) relies on expectation of spending by others and tying the tx to main tangle making it higher probability as time goes to infinity it wasn't double spent, but doesn't take into account parallel spending to create enormous amount of tx spending same coins or minor transaction by attacker tying double spends to main tangle via easy spam.