Post
Topic
Board Altcoin Discussion
Re: IOTA - the scam is being pumped hard now don't fall for the trap
by
Akarabzie
on 11/07/2017, 19:36:09 UTC
The only thing I can agree on is being done here. I was a bit worried when I saw the thread title, but reading through this salt mine only solidifies my future investment in IOTA.
Go ahead and lose more money idiot.

Nobody in here has anything to say about the technology. I asked you to refrain from ad hominem attacks, and that is exactly what you resorted to. You lack the capacity for intellectual discussion, so I will leave you to your own devises...
Stating nonsense like "Zero fees alone makes IOTA superior. " is intelligent discussion for you? Roll Eyes

Again deflecting the actual question he is indeed not intelligent enough to answer.
Enough has been provided within this very thread and others.

So please Lauda, what is the tech problem with IOTA?
PoW on IOT devices is a fundamental mistake. It absolutely makes no sense to do it this way, besides making a ton of money and ditching it for the next project.

Smart contracts are already announced, so no need for Eth anymore.
Why would someone use something new, unreviewed and untested and not something that has already been established? Roll Eyes

The ICO was announced here on Bitcointalk ages ago, and the dev team would not allow it listed on exchanges until they had decent working product.
In other words: It is not trustless.

It basically does everything BTC and Eth do for free without any worries of miners, scalability, and transaction fees.
I've heard the former about 1000 times now, and the latter a few dozen times.

How the fuck do you not want it to succeed? Because you weren't included, and you can't see big returns like those who risked earlier on who saw what the tech could become with adoption.
In other words: You are a bagholder who does not give a single damn about anything other than profiting. Roll Eyes

I can't even find a single third party (credible) review of this project.

Why do you assume someone holding crypto of any currency you don't like is a bagholder? Lol, you have no clue the kind of returns I've made on coins I've heard called scams... Ones you've missed out on and I've profited heavily. Do I care about IOTA as a tech? If it makes my day to day easier and simplistic, yes. If it doesn't help my day to day life but brings me profit, that's awesome too. You're argument is like asking someone: Do you even want to put money on your 401k? Do you even want to invest money now that will net you returns in the future? Well no fucking shit Sherlock, yes. Everyone here wants to profit on coins, we're here to generate wealth through new technology. Crypto can open up business/gov't to more transparency thus power to individuals and I'm all for that especially if I can have 6000% gains too.

Don't look down on people here looking to make profit, 95% are here for that and like crypto as a hobby. I want IOTA to succeed just like other coins I have because profiting from them makes my life better through wealth generation. How the fuck are you even allowed legendary status for talking down to people looking to profit from coins....it's what drives this entire show. The project has serious potential to be in the top 3 coins. BTC/IOTA/ETH. A metric shit-tonne of people know this, that is why slack channel is at 10k members, with 1000+ every month. Obviously people aren't looking at this as a scam, but as an answer to the old, tired, overwhelmed, network that is bitcoin (Eth as well). I don't want $6 transaction fees every time I move money. I don't want blocks that take 30 min to process. I don't want to hear about how big or small we should keep those shitty blocks. I want near-instant, free transfer of currency, not touched by gov't or bank. IOTA has delivered that, with a scale-able network on top.

At this point I wonder if you're the one who's more financially involved because you're afraid of what this tech can bring, and what kind of bagholder you'll be when IOTA overtakes the other top 10 coins. FUD doesn't work as well as you think bud.