Quantum resistant algo - Quantum computing doesn't exist yet, how can something be resistant to something that doesn't even exist
Machine currency - Why have an ICO with humans involved if only machines can use this currency and why do machines need currency at this moment
Developer- When asked questions (even just for help) or you question his project, right away turns anti-social, acts like he is high/mighty and deletes posts like that immediately from his announcement thread
Angel investors pulled out of the project, they had issues with the developer, the market cap is all pure manipulation.
$1+ billion cap on first day listing on cmc on only one small exchange - That's a red flag
Users are reporting that the wallet is useless, I tried all the version of the wallet and indeed you cannot even use it
This all points to a lot of promises that can't be delivered and are deliberately being pushed so people who know nothing about tech will throw their BTC at it

IOTA might not die out right away but it will. Many will reap profit but it is not a long term project especially with the dev's history of starting coins in the past and abandoning them when it was convenient to start more vaporware