Absolutely. There is no significant improvement and consequently there is no breakthrough in microprocessor design in the last 25 years. All major instruction sets (RISC, CISC, EDGE, EPIC, MISC, etc) has been around for a while and the combined over US$ 10 billion per year R&D budget of Intel, AMD, Samsung, Motorola, TI and IBM couldn't produce any new architectural microprocessor design in the last 20-30 years. Despite the most brilliant engineers and scientist are employed by those R&D departments there is no manufacturable breakthrough whatsoever. And then comes a 24 years old boy from Scandinavia with absolutely zero experience nor academic background in the sector and a java developer from Belarus. These two only achievement so far is the NXT scam which added absolutely nothing to Satoshi's decentralized idea. All experience they have is the "successful" money collecting party of NXT which yield a very nice "ROI" for the first few and created an army of bagholders at the end of the chain (like all scam does). These two (again with zero experience in the most difficult field of technology) announce that they will deliver a revolutionary, disruptive, asynchronous microprocessor design. They announce this on a Bitcoin talk forum to collect money from a few idiots who due to lack of experience and common sense in fact "invested" in these two scammers by believing that these two will create and sell a new microprocessor and then pay dividends. Now, if you see this in the Silicon Valley TV comedy then this is a hilariously funny story, but these two actually pulled out this scam with real people's real money.

It took 5 years for ATMEL using their unlimited financial power to get started the open source Arduino platform. The project cost a fortune for ATMEL so far. The 24 years old entrepreneur plus the java developer who hides in some Belarus basement in order to succeed essentially would have to be able to replicate that Arduino process/success with JINN, but not even on the hardware development platform (what Arduino is), but in the most difficult microprocessor domain. How realistic is that? Last time Intel could trigger such radical paradigm change with the x86 processor was back in the 80-s. There is precisely zero chance that the a java developer who is hiding in Belarus and a 24 years old boy (both of them have zero experience in the field) can replicate the success of Intel with a novel microporcessor project. Anybody who has anything to do with electronic engineering, hardware business and manufacturing understand this.

Now, they collect money for IOTA saying that the money goes to the JINN process. Of course that is nothing but a blatant scam. The JINN project is unrealistic (see above), they know that very well, therefore IOTA is nothing but a pathetic P&D operation to deliver some nice ROI to the greedy idiots who bought into the project. Note, since nothing business-worthy will be delivered the only way to create ROI is to find new idiots who will buy into the P&D. A classic scam, - we saw it many times over the last 3-4 years - and indeed very destructive to the crypto currency movement.