I don't think so. If some other projects will do their plans IOTA will die. What it have exclude capitalization and promises? Holders and empty github. And their DAG realization have bugs also
From my perspective, that argument can be used the other way around. If you look at the top 10 coins, there is just no need for TRX, LTC, ripple/stellar (one of them is enough) and neo. Bitcoin cash is also useless.
I mean, in the end it's about adoption of use cases. Barely anyone of them have that
I think he means those lower tier ERC20 coins claiming to be for the IOT, but don't even have testnets up. The very claim that DAGs have issues is a testament to how much work those coins will have once they are in actual use. While IOTA is working through those issues, those coins haven't even found them. The idea that they will come out of their preproduction stage without any issues and instantly compete with IOTA's network is laughable--it doesn't work that way and the previous poster is either disingenuous or naïve to suggest so.