Iota is about 100x further along in adoption than byteball and offers zero transaction fees.
yeah right, iota is not even production ready yet, a quote from their own webpage:
IOTA IS CURRENTLY IN BETA
It should be noted that IOTA is currently still in Beta. This means that the current Java implementation is an reference implementation. Major improvements to performance, features as well as ease of use will be made over the coming months.
byteball was released 6 months ago. it is listed on CMC. where is iota listed exactly? nowhere. I bought byteball when they were trading 50$ each and now it is 679$. I rest my case.
I am dumbfounded that IOTA is at 1.6 billion in the first day. I have to believe it is going to drop dramatically. I heard Bitfinex disabled iota deposits, sounds pretty scammy to me.
What the IOTA cap does say to me though is that the technology is potentially very disruptive and if IOTA is worth 1.6 billion on pure speculation, then BB can easily get there. 1.6 billion is a 10x for byteball, 10.6 billion would be 100X. I think BB needs a lot of utility built on top of it to get that far.
sooner or later big businesses are going to start accepting Byteball because byteball TXs are confirmed practically instantly. Whereas BTC and other block chain coins derive their finality probabilistically Byteball TX finality is boolean. The TX is either final or not. If its final it is safe to accept as payment and it happens real fast. much better currency for online businesses where customer wants to immediately gain access to goods and services after making the payment and the merchant will never have to worry about double-spending of unconfirmed TXs.