Quote from: bitmover on February 19, 2020, 06:32:33 PM

From iota.com blog

https://blog.iota.org/instant-feeless-flash-channels-88572d9a4385?gi=9eb5072573c4

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Instant & Feeless Flash Channels
Lewis Freiberg
Lewis Freiberg
Sep 24, 2017 · 10 min read

The goal of the IOTA Foundation is it to build a flourishing Machine Economy, where machines seamlessly interact and transact with each other. With IOTA, we have introduced the first scalable distributed ledger architecture that has no transaction fees and is able to run in the Internet of Things environment. The power of IOTA is in its network, as it scales horizontally with the number of network participants transacting with each other.

Free and instant transaction. Fully scalable.

But everything has a price. Looks like iota price is very expensive

This scalability drama is just ridiculous. An stupid idea which became a marketing z to make fools by shitcoins and stay away from bitcoin because it is "old slow and expensive "

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Response Three:
Orcutts claim that IOTA is free of fees is misleading. Though perhaps not immediately obvious, IOTA transactions are "zero fee" in exactly the same way that Bitcoin transactions are. An important difference is that Bitcoin has miners who can perform the proof of work for you, while IOTA users do the proof of work on their own devices, per transaction. However, a Bitcoin user can also mine their own block to get their transactions accepted into the blockchain without paying fees. To put it another way, most people wouldnt be interested in buying a refrigerator operated by a hand crank, even if the advertisement said No electricity required!

Its true that transactions with Bitcoin and other digital currencies, even when amortized over a block with thousands of other transactions, require much more work than transactions in IOTA. However, the claim is not that IOTA transactions are easierthe claim appears to be that IOTA transactions are free.

Semantics aside, this claim, which appears in IOTA marketing materials, is deceptive; the work required is a fee, whether or not it requires a monetary payment. Restricting the ways in which the fee can be paidrequiring that the work be done on a users own devicedoesnt make it go away.

Source:

Quote from: Lauda on February 19, 2020, 03:32:28 PM

https://www.media.mit.edu/posts/iota-response/