Post
Topic
Board Speculation (Altcoins)
Re: IOTA is the next big thing
by
Rowland Okoli
on 18/11/2017, 11:44:24 UTC
The thing that pisses me off about IOTA is the ongoing snapshots, disappearing balances(having to generate new addresses in a new wallet to get the funds back) and loss of access to your coins when the devs decide to move them all to an address they control and you have to wait a month for them to release a new tool to try and get them back.

Is IOTA decentralised when at any time the dev team can literally take your funds and move them to an address only they control without your pre approval?

I do hold some IOTA but my main investment is KMD.  So much going on with this project you would be crazy to ignore it.



I share same sentiments too on this. But really the IOTA technology is awesome, knowing that there are no charges and no confirmations. however i believe it's going through a teething process just like every other crypto. BTC is still 1mb without a smart contract. Litecoin is a better version BTC and BTC is still not progressing at the rate we'd all want it to because of internal politics amongst DevS and Big Time Miners(being selfish) who tend to disrupt Bitcoins progression due to the moneys they stand to make.
IOTA Partnering with MicroSoft is a welcomed development as things may likely speed up with IOTA going mainstream. Autonomous system is the next thing and it's here to stay and IOTA would be the prefered network to reconcile charges between M2M.

IOTA is a technology that would evolve to mainstream between 2018 and beyond.