Be wary of IOTA, they don't like constructive criticism. Red flags are raised:
They dont take kindly on even asking how Iota is supposed to work.
However, they do spread bullshit about Byteball on here, and in their slack forum, they are originater of "Byteball is a blockchain and DAG hybrid" lie.
Iota action smell bad, like something is rotten.
The whole "we'll beat quantum computing" even is a bunch of bs. How can they beat something that can compute several states at the same time almost instantaneously with regular tech that still computes things one at a time? Sounds like they are spreading a bunch of hype to uninformed individuals.
I'm sure someone in their team is working under Ubuntu and somehow convinced their boss about this new fancy shmancy state of the art technology and the many moneys they will make.
The guy I bought some IOTA from said he was selling all of their coins because of internal conflicts with Come-from-Beyond and hinted that the initial investors have a hard time dealing with someone who doesn't want to discuss how the project even works. To the point that they were not allowed to question iota.
Like you said, smells of another BTC scam. What's new in the alt-world, same thing over and over again.