Quote from: HardFireMiner on August 31, 2017, 07:24:46 PM

Quote from: banano on August 31, 2017, 01:55:38 PM

Quote from: HardFireMiner on August 31, 2017, 07:30:00 AM

Quote from: Wheelie on August 31, 2017, 07:16:00 AM

Quote from: HardFireMiner on August 31, 2017, 06:44:04 AM

IOTA - The Scam changer, a better name for your topic to consider.

If you can take the time to write here why you think this, instead of just writing scam it would be a better comment. So please try again!
Ty

Your ignorance will put you in a grave someday.

1) IOTA doesn't have a blockchain. It is not a currency nor it is not a crypto.
2) IOTA is FULLY premined, just two years ago this was enough for people to put red flags.
3) IOTA already has 2,779,530,283,000,000 coins, not distributed almost at all.
4) IOTA had a ICO, this solo is enough to put a red flag on this shit, not even a shitcoin.
5) IOTA is highly centralized, this solo is enough to put a red flag and mark it as a scam.

Good luck, "~~investors~~" shills and ignorants.

Some good points there:

1) IOTA doesn't have a blockchain. It is not a currency nor it is not a crypto.

Correct! A blockchain is just one chain, but DAG (Tangle) is infinite parallel chains = another dimension added to bitcoin. Yes, we all agree with you that IOTA should have it's own coinmarketcap.com website showing all the DAG clones beneath it that have started coming out of the woodwork just like all the Bitcoin clones did after blochchain tech was launched. You are absolutely right that IOTA is in a league of its own. Anything exchangeable is acting as a currency (yes some function better than others), and IOTA's quantum proof cryptography can be shortened to the term "crypto".

2) IOTA is FULLY premined, just two years ago this was enough for people to put red flags.

Correct! Yes, it is called an ICO.

IOTA was launched as a typical ICO just like Ethereum, and many ICO's. ICO launches are very common in crypto.

3) IOTA already has 2,779,530,283,000,000 coins, not distributed almost at all.

Correct! All coins were distributed in the ICO, if you missed the ICO then you can purchase 1,000,000 of them for less than a buck US. So yes, at a current exchange rate of a buck for 1 million IOTA, you are correct that IOTA is EXTREMELY CHEAP right now compared to what most coins cost (these coins are 10 grand a piece: https://coinmarketcap.com/currencies/42-coin/ ). IOTA does need help distributing their coins, which is why you get a million for a buck (so you can distribute them liberally everyehere).

4) IOTA had a ICO, this solo is enough to put a red flag on this shit, not even a shitcoin.

Correct! Just like Ethereum had an ICO

5) IOTA is highly centralized, this solo is enough to put a red flag and mark it as a scam.

Correct! Every coin is highly centralized on one single planet.

ICO = SCAM
Ethereum = SCAM
Putting IOTA near ethereum doesn't make it legit!
Ethereum is a scam, IOTA is another scam!
No, not every single coin is highly centralized! Actually, there are plenty of distributed coins that are decentralized, fair and honest!

By calling Ethereum a "scam," you have broadened the definition of the word such that it becomes meaningless. Why not simply say it's not (in your view) decentralized? Or that distribution is questionable? It seems the word scam is used very loosely in these forums.