Wow. This thread is full of IOTA bagholders. A clear example:
$20biliion by the end of this year!
It should that reach easily and i am Not joking!
If you truly think that, your mentally challanged. This shitcoin ain't going anywhere but the graveyard.
In short: Blockchain was only the beginning. It got us where we are now. Like all technology it will eventually be deprecated and replaced with something new. Blockchain's days are numbered, and its death has been set in motion. There is a very good reason IOTA started with such a high market cap... its the next big thing and the engineers and scientific community and technology based investors already know this. It's not just another blockchain coin, its cryptocurrency 2.0. Its rise wont be too quick because of ignorance, lack of understanding, and because of ill-informed topics like this one, but it will rise to the top. You will see.
The reason for this is that Bitcoin is far too superior than anything else that is promising smoke and mirrors. It will take something drastically superior to even get close to Bitcoin.
Not necessary if you ask me. IOTA is not the most legitimate coin out there but it's not a "scam" per se, nor is it a pump and dump - it's been trading peer-to-peer for a long time before this exchange release.
The trust ratings are not solely for "scams" per se.
IOTA is shit because it requires proof-of-work from each client in order to have "zero fees". This means that the IoT devices that it claims will connect to it will find it very difficult to use IOTA without doing the PoW, and the battery life would be bad.
In other words: The whole idea is inherently flawed.
No need for that. In a nutshell: the ICO was public indeed (not hyped tho') and lasted for a month. OP missed it, then he asked for a second ICO. CFB refused that and since then Cryptohunter thinks it's a scam. He might or might no right, but AFAIK the IOTA guys put some work into the coin and came up with some real life applications/prototypes, I tend to believe he's wrong on this.
Why would I care about OP though? This thread came to my attention because of the shilling.