Re: IOTA on its way up again, increase +25% within 24 hrs
First of all, there is a professional and continously growing team behind IOTA which is based around a company located in Berlin, Germany.
Some facts regarding IOTA, despide all the current FUD:
IOTA is supported by INNOGY, a subsidiary of the multi-billion euro electricity provider RWE.
INNOGY on Wikipedia: https://en.wikipedia.org/wiki/Innogy
Ammong INNOGY, other global industrial companies such as a Siemens and Daimler are working on IOTA-based solutions.
Therefore, IOTA has a solid base in the "real world", unlike many other crypto currencies.
To be specific, IOTA has a real purpose, and is not just a speculative bubble like many other crypto currencies: IOTA serves as a means of payment in the machine-to-machine area (Internet of Things).
Forbes estimates that the IoT will already generate $470 billion in revenue per year. THAT is a real market, and a real "use-case".
Source: www.forbes.com/sites/louiscolumbus/2016/11/27/roundup-of-internet-of-things-forecasts-and-market-estimates-2016/#733f82ed292d
In the past days, a lot of false information (FUD) has been posted regarding IOTA. Obviously, someone wanted to let IOTA get down, so one could buy in cheap. This has worked perfectly well, as one can see on the current chart: A recent rise by about 25%!
Still, this is not nearly as high as the price was only a couple of weeks ago, when it was another 30-40% higher than it is today.
As the hard facts and the positive perspective regarding IOTA have not changed, despite the FUD & false news, the most possible outcome is this:
IOTA rises to its former price again, which from this day on means a gain of 30-40%.
Even if it would only get back to that price, it currently means a great chance either get in for a long-term invest, or a short-term trade.
Just my 2 cents.
Further information regarding IOTA:
http://www.tangleblog.com/2017/01/25/the-tech-behind-iota-explained/
I work in big Enterprise, in IoT, IOTA is not suitable for IoT, it is in fact antithesis to most of things in IoT.Some facts regarding IOTA, despide all the current FUD:
IOTA is supported by INNOGY, a subsidiary of the multi-billion euro electricity provider RWE.
INNOGY on Wikipedia: https://en.wikipedia.org/wiki/Innogy
Ammong INNOGY, other global industrial companies such as a Siemens and Daimler are working on IOTA-based solutions.
Therefore, IOTA has a solid base in the "real world", unlike many other crypto currencies.
To be specific, IOTA has a real purpose, and is not just a speculative bubble like many other crypto currencies: IOTA serves as a means of payment in the machine-to-machine area (Internet of Things).
Forbes estimates that the IoT will already generate $470 billion in revenue per year. THAT is a real market, and a real "use-case".
Source: www.forbes.com/sites/louiscolumbus/2016/11/27/roundup-of-internet-of-things-forecasts-and-market-estimates-2016/#733f82ed292d
In the past days, a lot of false information (FUD) has been posted regarding IOTA. Obviously, someone wanted to let IOTA get down, so one could buy in cheap. This has worked perfectly well, as one can see on the current chart: A recent rise by about 25%!
Still, this is not nearly as high as the price was only a couple of weeks ago, when it was another 30-40% higher than it is today.
As the hard facts and the positive perspective regarding IOTA have not changed, despite the FUD & false news, the most possible outcome is this:
IOTA rises to its former price again, which from this day on means a gain of 30-40%.
Even if it would only get back to that price, it currently means a great chance either get in for a long-term invest, or a short-term trade.
Just my 2 cents.
Further information regarding IOTA:
http://www.tangleblog.com/2017/01/25/the-tech-behind-iota-explained/
Nice marketing post though.
I work as a software engineer in a big enterprise, and I for myself do see the advantages of IOTA for the Internet of Things. We actually have the exact requirements which IOTA might fit well for. (e.g. handling payments at power stations, where electric carsharing vehicles have to refill power.)
Again, maybe it's just us who are lacking the right imagination? The companies involved in IOTA seem to be more confident in what's coming up in the future.
Iota is not suitable on all requirements, it has scaling limit by the PoW as an upper bound, is centralized, the PoW is oxymoronic on IoT, our chips can not do the work required without wasting batter life - putting us 5 years back in development.
Besides currently the PoW is acting as a hidden fee, of energy expenditure, yet does not secure anything at all, the Coordinator provides all of the security.
In short, iota is a joke technically and conceptually.
We re working with Byteball instead.
Somebody else has already reimplemented a Proof of Concept as our team has done, and made byteball-iot client which can run on 96k memory and 80mhz.