Topic: IOTA - The revolutionary new cryptocurrency - page 2. (Read 1960 times)

It uses DAG - directed acyclic graph, not only crypto that uses it though. You can start by reading the whitepaper https://iota.org/IOTA_Whitepaper.pdf

no fees and scaling and no blockchain? ill have to do some reading on how that works

Whats the current price on this coin? Or link to whitepaper please! Much appreciated.

The way to go buy low and sell high!
Not only IOTA but OmiseGo, NEM, Lisk, Tether, Bitshares e.t.c.
They are all great low price altcoins to make a lot profits in the future.

I also belive that project ls a sleeping giant with its value. It has a potential to be #2 market cap next year. They promise an alternative revolution for cryptoworld.

Yea good idea to invest in IOTA when it's low price

I agree wholeheartedly, IOTA is the only other crypto that has made my heart miss a beat since discovering Bitcoin back in 2013.

NO FEES AND IT SCALES.

I don't know how to argue with it.

Yes, Bitcoin was created to replace fiat -- but there isn't anything specific in Bitcoin that makes it better for that purpose than other cryptos. In fact, e.g. IOTA is technically much better for that purpose.

Two absolutely fundamental differences that make IOTA better: 1) Bitcoin is limited by the number of transactions that can be processed per minute and, consquently, 2) high fees. Even when Bitcoin implements the Lightning Network to largely solve the transaction rate limitations, there will still *always* be fees. Currently the fees are really high, but even if they would get much lower -- which is not the agenda by the Bitcoin Core developers, by the way -- lowish fees are still infinitely higher than *zero* fees.

Regarding the total value potential for cryptocurrencies, the World Economic Forum and e.g. Deloitte have estimated cryptocurrencies to be worth $5-10T by 2025. Everyone can then make their own estimates and bets on which currencies will get which share of that potential and why. But infinite scalability, super-fast transactions (once the volume on the network is high enough), zero fees, and quantum-resistant security are hard to beat.

Irrespective of how much of the everyday payment flow of people IOTA could capture -- in whatever future replacements/reincarnations of credit card readers in stores or 'crypto-based Paypals' -- there are also other value pools more specific to IOTA. Think of their most widely quoted use cases like charging of electric vehicles (and why not fuel also) -- or any other devices/machines/things that would interact with value. The companies running these services will need some amount of 'liquid working capital' in the system to keep the transaction streams flowing seamlessly. The total amount of working capital in the world in 2015 was $3.5T according to PWC. As the economy and enterprises become increasingly digital, new and more effective forms of electronic capital will increasingly take their share of this chunk.

To not give the impression that IOTA is the be-all-end-all of all cryptocurrencies, the thing IOTA can't do as well as some other cryptos are e.g. advanced (Turing complete) smart contracts, like Ethereum. But IOTA and Ethereum aren't really competitors, rather highly complementary. IOTA and Ethereum are the two that have a crystal clear role and value proposition in this emerging era, and big-name corporations are signing up to start developing and figuring out how to make this vision into reality. That's why most of my crypto holdings are in these two.

Just my 20c  (or in fact, a hell of a lot more)

We should not forget that bitcoin was created to be a new payment system. To replace fucking fiat. The fact that its being traded alone cant give a coin real value. People on the streets still have no idea what bitcoin even is. They dont care at all. Its only used for buying drugs and is used for money laundering and fraud. And thats it. Nobody is using it for anything else. You dont buy a pizza for bitcoin. You dont pay rent in bitcoin. You dont use it at all unless you buy some drugs. And that alone is the reason why BTC goes up. If I want to buy some drugs I NEED bitcoin. I dont care if a bitcoin is 2000$ or 5000$. I just get a bit to pay someone and my btc is gone again.

Now tell me. Put aside those fancy special super duper features of IOTA and tell me why I would buy it. Why would I buy it regardless of current price. Why is it of any value to anyone. If you cant, then you know that its just another shitcoin pumped and dumped till faded away along with your worthless fiat.

No offense. I would really like to know if it has true value. But right now I cant see it in any coin except of BTC.

Same as any other cryptocurrency, the community built around it consisting of users, developers, speculators, traders, investors, exchanges companies and eventually banks.

But the technology behind IOTA, the tangle is superior to blockchain technology, and when the broader cryptocurrency community sees this, they will also want a stake in it.

Yes I agree but what gives the token value?

When I discovered Bitcoin in 2012, I got this warm fuzzy feeling of excitement, and I just had to invest in some. And all this time since then I never bothered with altcoins since they hardly offered anything new that bitcoin couldn't do.

But then along comes the IOTA tangle system and completely blew my mind. How can you design a cryptocurrency without a blockchain? And without transaction fees? Without miners and without PoS? And to top it off completely scalable. Apparently the tangle system does away with the need for a blockchain and gives us the opportunity to transact with eachother completely free.

I think IOTA will give Bitcoin a run for it's money once it grows a bit more and is tested more unless the lightning network works as intended and will also give us practically free transactions. I'm hoping lightning network works as intended, but if not I have taken a small stake in IOTA as a hedge against Bitcoin failing.

Most of my holdings are still in Bitcoin, but I've invested some into IOTA since it is just about the only other cryptocurrency I believe in atm. Ethereum doesn't scale well and will loose in the long run I believe. All the privacy focused coins will loose to privacy features implemented in coins with more network effect. And don't even get me started on the copy cat coins and hardforks of bitcoin.

The warm fuzzy feeling is back and I'm gonna get rich with IOTA, I can feel it in my bones.