Quote from: albert_mt on November 20, 2015, 03:21:08 AM

Quote from: altcoinUK on November 17, 2015, 03:59:44 PM

Quote from: albert_mt on November 17, 2015, 03:24:52 PM

what is the story with Iota? they will be definitely very strong competitors maybe leaders in IoT.

No, they won't - except they will be leader in collecting money and they will be the IoT leading platform of Bitcointalk forum. The Iota crew is a very, very talented bunch of people. Iota will develop an interesting piece of software. Their unique selling point (USP) is processing millions of micro payments with an infinitely scalable system (their Tangle innovation), but that is not the most important IoT business requirement at this stage. It won't be even in 10 years time an issue IMHO. The talented Iota devs are good at software, but they never worked on any IoT projects. Therefore, they don't know what the industry is. They have heard that there will be 50 billions of internet of things devices by 2020. And then they made the calculation, that for the 50 billions of devices need millions of micro payments per seconds. Like the billions of devices would be a homogeneous system - which is obviously not.
As I said earlier here is what will happen: Iota will collect $500k perhaps $1 million, then the investors start selling the coin to each other for a year or so, and then that will be the end of the story.

mtomcdev and tzpardi, can I ask your opinions, is the infinitely scalable micro payment processing, to manage millions of transactions the main issue of IoT at this stage? My understanding was there are more pressing issues such as lack of standards, provisioning, security, etc.

i know what you are saying, but I think IOTA will replicate the financial success of NXT. so far we had no ROI with gadgetcoin, at least I can make money with IOTA. i still support Gadgetcoin but I don't want to miss the money making opportunity with IOTA.

Nothing will replicate the financial success - which was success for the developers and the first few dozens, maximum first few hundred buyers by the way - of NXT and other successful altcoin IPOs of the past 1-2 years. Those times are over. No new money is coming to ALT digital currency any more. (The Ethereum devs will be able to attract a very big VC money but ETH is an entirely different story - always has been) The so many scams, failed business plans and failed developers simply keep away all rational investors from this market. There is not even a market any more - see the pathetic volume of Bittrex. The money that IOTA will raise will come from the audience of this forum. That's why I said, once the IPO is over the buyers of the coin will trade it with each other because there are no new buyers/investors any more. There will be pump and dumps, and yes, if you are lucky and will find the right exit point and don't try to catch the falling knife then perhaps you could make money with IOTA. As I said, I have no doubt IOTA will be very successful in the context of this bitcointalk.org universe, they are talented so it will be very popular in the world of few hundreds bitcointalk.org digital currency enthusiasts, but that's all will happen IMHO.

Just like yourself, I am also upset that we don't have profit with GadgetCoin yet. Still, I am very optimistic. Based on what I can see about the technology, W3C, the DAC company share distribution and targeted use cases, I still think this could work out very nicely.