Hey Guys,
I've been really excited about the potential of IOTA, but a friend of mine says it's really buggy at the moment. Is that true? Does it still have potential or should I stay way.
Problem is, that a huge number of coins - 2.78 quadrillion, limits the growth potential of each IOTA coin. Obviously that, the more tokens we have, the less will be the value of each. One of the advantages of bitcoin is a limit the total number of coins to 21 million. IOTA tokens are approximately 132.4 million times larger than bitcoins.
But:
Since the start of the project in 2015, some major venture investors support IOTA project. Funds as "Outlier Ventures" and "Robert Bosch Venture Capital".
"Outlier Ventures" invested in IOTA an amount equal to 7 project cost estimates. Robert Bosch Venture Capital acquired a significant number of IOTA tokens in December 2017.
At the end of 2017, the partnership between IOTA and 20 large companies was agreed upon, including Deutsche Telecom and Fujitsu. And in February 2018, the German company Bosch announced that it will use IOTA technology to create an unmanned car.
Summarizing: The project has a large number of problems, but all of them could be solved. Interest from side of large players can give us suggestion that the coin has a good potential.