Quote from: john312 on May 28, 2017, 03:12:47 PM

This project is unique.

They make it sound unique to trick naive gullible people.

"In the near future, we can expect that a machine will be able to pay its assembly, its maintenance, its energy and also for its liability insurance by giving data, computing power, storage or physical services to other machines. For the first time in history a device will be in a position to earn and spend money on its own. At this point a machine turns into an entity that tracks revenue and expenditure from its own activities."

Sincerely,
Iota

"Today, we have unbanked machines with limited possibilities to participate in economic activities, as no traditional bank is willing to give a bank account to a machine. Now, devices can achieve self-sovereignty by owning their wallet to store digital currency. Income is generated by a machine through physical or data services without any middleman and can be used for purchases like insurance, energy or maintenance.
These scenarios are possible with IOTA. When tracking the identity of machines, know your customer (KYC) which is the main criteria for a bank to provide a bank account to a customer is also applied to machines: Know your machine (KYM) or Know your object (KYO) is the beginning of self-sovereignty for machines.
IOTA offers a unique set of distinctive features to machines that sets it apart from other blockchain technologies."

Sincerely,
Iota

This coin is not meant to be used by humans it's for machines as they've stated.

What do you plan on doing with the coins? Selling your coins to iRobot in 2030? 😂

IOTA used your money to make their centralized company successful but their coin will be useless. All these coin holders hoping some machine comes to buy their coin to use for payment just like Ripple investors hoping banks come buy their coin. Sad to say but even banks have a better chance of buying XRP than companies that utilize robots have of buying iota coin. Even if one in a million chances a company needs robot to robot payment, most likely they'll be given it for free and very very little will be used. This whole scheme is to fund their software company, sorry for whoever fell for it. Next time think a little harder about what you're buying. You aren't buying their company shares just a coin meant to be used for robot to robot payment which no one needs.