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Altcoin Discussion
Re: IOTA - the scam is being pumped hard now don't fall for the trap
by
Scott J
on
16/06/2017, 17:58:45 UTC
So funny seeing people call IOTA a scam because they missed out or feel threatened by it.
Here are some IOTA facts:
It was crowdsold on here in 2015 for 1337 BTC with no coins reserved for development/anything else
It has since been
heavily
traded OTC and on a semi-automated slack escrow service - the market cap built up gradually
It only needs the coordinator to prevent a 34% attack - when network is large enough it will be switched off
It has partnerships with multiple Billion-dollar companies
It has a good distribution of coins, better than many cryptos:
https://altcoinspekulant.wordpress.com/2017/06/11/iota-an-update-on-token-distribution-and-exchange-launch
http://iotasupport.com/whatisiota.shtml