Read the unmoderated IOTA thread, you could start here at https://bitcointalk.org/index.php?topic=1354220.msg14029127#msg14029127 and then you will understand why IOTA is a blatant scam. Zero monetization route for the technology, never mind the fact that they do not have any IoT technology nor the resources and expertise to create one.

You must understand, scams like IOTA have nothing to do with technology, business nor monetization. The monetization route and business model of the IOTA scam are based on the concept of milking money from the idiots. It is a straightforward law enforcement matter, just like Mooolah, Bitbay and Banxshare scams were.