You shitty pump and dump traders are the scum of the Earth. You are the reason laws were put in place for Securities. You only stick around for the free money, then jump ship, and could care less about the underlying technology.  You are the reason 600+ alt coins exist, all of them just clones selling catch phrases.

That is the problem with the crypto world now.  It used to be about sticking it to the banks and government, exchanging value without being taxed or paying fees, and without relying on banks and middle men. The technology to move the world forward. But then you scum of the Earth came along, and now its just about buying low and selling high, and then skipping to the next.

Just die.

Perhaps because Byteball is the real scam.  Adding artificial fees to a fee-less system to pay miners that don't need to exist...  Byteball is Edison, IOTA is Tesla. Tesla wanted to create free energy for all, but because Edison couldn't find a way to make people pay for it he squashed the technology, and stole parts of it for his own gain.

I for one don't care about the attitudes of any IOTA devs. They are still young, and some of the best techies now are the young generation. They don't need to be uptight professionals to make something work. They can be their selves, and free.  

You think Steve Jobs was a nice person?

You can't call it an alt coin...  It's not a copy of bitcoin or ethereum.  Its built from the ground up.

Good riddance to you all. IOTA doesn't need paranoid bipolar traders only looking to make money in order for it to be successful and valuable. It has legit use cases in the tech industry. Feeless microtransactions will win the race. Have fun with your bloated energy consuming blockchain bubbles.

-edit-
Nevermind, I just read the topic. What a twist...

You are really great at intellectual debates. 

That is all you have to say about the scalability of blockchains?  Does it really not concern you how much energy and processing power is required to process blockchains? Can you really not put yourself in an engineers shoes and see this elephant in the room - the unsustainable nature of blockchain currencies?  The ultimate demise of blockchain based currencies is because it is unsustainable. You don't see the bubble that is eventually going to pop?

You are doomed if not...

OMG this is so funny...  Please keep on talking. Show the world your brilliant ignorance.

Do you even know the difference between an IOTA Light Node and Full Node? Please do learn and then come back. Otherwise you just look ridiculous.

You do realize "all that shit" that needs to be done is a very very small amount compared to what needs to be done in blockchain based currencies, and yet blockchains STILL require fees?  Not only that, but most of the processing that is done by blockchain miners doesn't even get rewarded, they call those orphan blocks.  Do you know what orphan blocks are? They are a fucking disgrace to humanity and engineers around the world. They are a waste of time, money, resources, and provide nothing but heat and pollution to the world.  Yeah, it also means blockchains are not scalable, and they are unsustainable. https://motherboard.vice.com/en_us/article/ae3p7e/bitcoin-is-unsustainable

The PoW on IOTA is trivial compared to the insanity that needs to be done by blockchain miners, and again you STILL have to pay extra fees with blockchains. Good one!

The reality is...  Bitcoin and all blockchain currencies are the real scam.

As an engineer, I approve this message:
https://cryptoinsider.com/blockchains-suck/

It was never designed to scale, so it was designed to fail.

I don't recall ever mentioning any part of the OSI stack...  secure communication usually means on any and all layers. Even then, SSL has its vulnerabilities unless you implement certificate pinning.


If only there were no transaction fees... oh wait... IOTA.


That is great, but I'm out of cookies.

Educate yourself.

http://blog.zuehlke.com/en/ssl-isnt-enough-for-internet-of-things/

I am not this person you refer to as CfB. I have no idea who the heck you are even talking about. Perhaps you should put your conspiracy theories away and try again.

Also, maybe you didn't read the part were the PoW can be outsourced by IoT devices if needed. They don't have to do the actual PoW on board.  Don't let a little fact like that, and the fact the PoW is nowhere near as intense as Bitcoins distract you from your ignorance.

Wow, this forum is hostile.  Anyone who doesn't believe IOTA is a scam is instantly a shill and or "bagholder".  You down rate my profile, and then post a bunch of inaccurate bullshit... nice. That is called blind ignorance and hate. This forum is full of paranoid sociopaths.

I came here simply to post my view of IOTA, but its clearly not wanted by you blockchain bagholders trying to protect your investment with blind ignorance.  

You win, trolls, you win. I will gladly leave here, so you can enjoy your psychosis. Fuck this place and fuck all of you. Have fun with your empire of dirt.

You guys are so paranoid about sock puppets and shills, what is this AboveTopSecret.com?

Lay off the drugs guys, you look foolish.   You also look even more foolish when you talk about IOTA clones... as if Bitcoin was never cloned... lol.

My main account? This is my only account, I just created it today. I was just doing some more reading on IOTA and came across this topic on a google search.  I will leave you children alone now. Have a good one, with those monsters in your closet.

You do realize how new IOTA is right?  It literally was just allowed on exchanges last month.... Are you retarded or something?


Ok now I can tell you are full of shit. You aren't fooling anyone. You are an undercover fucking retard. - And I doubt the undercover status lol

Anyway... I make enough money and invest smart enough to be able to make a ridiculous fortune off of IOTA if it goes well, just like I did from Bitcoin, and not be phased if it happens to go bad. So honestly, I don't give a fuck what you or anyone thinks in the end. LOL I'll wave at you from my yacht.

First off, Byteball is the real scam.  They (and by they I mean the 1 developer) are adding transaction fees that don't need to be there.  That alone will cause IOTA to succeed over Byteball.

Second, IOTA was not designed to be a currency. It was designed for secure machine-to-machine communication for the IoT industry, and has several real world usages already in the works which will take over technology that was originally considering blockchains.  Byteball's only purpose is to be cryptocurrency, and has no other reason to be used or developed further or used by any enterprise businesses for any other purpose. 

The Proof of Work (PoW) is simple, and it is to avoid Sybil and Spam attacks. It doesn't create tokens or anything, it just validates transactions, and doesn't get more difficult over time, its a fixed difficulty. Its nowhere near the same thing as Bitcoins proof of work and artificial difficulty adjustments. On top of that, the proof of work can even be outsourced from small lightweight devices to something more able to handle the computational load.

The coordinator is going to be turned off very soon actually. It was said to be turned off this July. I understand fully why it was needed.  The tangle had to grow beyond a certain point to prevent a 34% attack.  You can read more about it here: https://forum.iota.org/t/iota-double-spending-masterclass/1311  There are only so many ways to get a DAG off the ground, a coordinator is one way. But once it is flying, it will soar.

Byteball didn't solve any problems really, they just shot themselves in the foot with transaction fees, and removed some security...

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I think you mean Blockchain?  It seems you simply don't understand the technology, you just blindly defend it.  Saying "Bitcoin is far too superior than anything" is like saying a cathode ray tube television is superior to any other television. It is very short sighted and wrong.


I think the real problem here is the public's inability to separate their understanding of blockchain technology from DAG technology. For example, bitcoin's proof of work difficulty increased over time to prevent inflation, and is what caused miners to go from simple CPU mining rigs, to GPU mining rigs, to application-specific integrated circuit chips (ASICs) farms, and wasting a ton of energy and money in the process.  That is not necessary for IOTA, and the Proof Of Work is fixed difficulty, and can be done by not-so-powerful devices quite easily....  So educate yourself.

Sorry, I had to sign up just to say that you are uninformed.

Just some background, I am a Senior Systems Engineer for a multi-million dollar company, and I manage two large teams in two different countries, and we definitely do use Github internally for all of our source control needs. We generally use GitKraken or SourceTree as the client/UI.  

Github is not just a place to "provide code for the public".  It is an extremely powerful source control system which handles our huge teams from multiple countries all working on the same projects. Without it, it would be a nightmare to merge code from different devs into a single project without code conflicts. Github has tools to detect / manage / resolve code conflicts.  We also use it for our code review process, and code history tracking, and link it to our JIRA issue tracker.

If you are not a dev, and have never had to use any type of source control system like Subversion or Git, and you don't know anything about "Continuous Delivery" or "Agile Development", you probably wouldn't understand what Github is really for and how powerful it is.  Your interaction with Github probably doesn't go beyond downloading some random app, and not actually using it for source control.

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On that note, what brought me here is IOTA. I and many colleagues of mine (who are engineers who have invested in Bitcoin and Ethereum) have read the whitepaper on IOTA, and have read and understood the available source code, and already understand the algorithms behind its quantum proof nature (Winternitz signatures), have all agreed that Directed Acyclic Graph based systems are going to eventually make Blockchain based systems irrelevant.  

As most of you should know by now both Blockchain systems and DAG systems like IOTA were not designed to be currencies, they were designed to be a system of trust... However they simply found their first implementation as currencies / transactions.  With that said, from a technology standpoint, the main cause for the eventual Blockchain demise and deprecation is going to be the lack of scalability.  You have no idea how important this is to engineers... Next to security, scalability is the number one concern for any enterprise engineer developing anything... ever...  Blockchains just don't scale well at all, it grows exponentially, and requires enormous amounts or resources to support it as it grows, and performance is decreased as it grows.  However, IOTA is infinitely scalable, it's performance is not affected by the number of people that use it. From an engineers perspective, and as someone who designs systems and approves their usage in corporate environments who plan ahead for growth, I would never approve the usage of blockchain technology over DAG technology based on that alone.

Now, about security... even though quantum computers are a few years out, the field of cryptography is already a few steps ahead in making algorithms that prevent even quantum computers from breaking hashes. IOTA uses one of those algorithms, and that translates into protection and stability in the future. It protects your investment. No blockchain based system has yet to implement that, and it should scare investors away.

Last but not least is the final game changer... no transaction fees. Micropayments are a big topic in the Internet of Things world. Even the mobile app world, and further more in the ADVERTISING AND MARKETING world. I could talk all day about how this is a huge game changer, but I think this post is already a TLDR post. You'd have to be a dunce to not see it already.

In short: Blockchain was only the beginning. It got us where we are now. Like all technology it will eventually be deprecated and replaced with something new. Blockchain's days are numbered, and its death has been set in motion. There is a very good reason IOTA started with such a high market cap... its the next big thing and the engineers and scientific community and technology based investors already know this.  It's not just another blockchain coin, its cryptocurrency 2.0.  Its rise wont be too quick because of ignorance, lack of understanding, and because of ill-informed topics like this one, but it will rise to the top.  You will see.