Topic: IOTA - the scheme is being pumped hard now don't fall for the trap - page 19. (Read 41133 times)

You missed the ico right? Foam party

Can't go wrong passing on a scam!

Newbies to this space may be fooled by such posts, especially when they start with "I am a senior systems engineers".

That's pretty much how every scam ever gets pumped, and IOTA is just an example of such a scam.

Indeed. Just because Byteball uses DAG, that does not make it an IOTA clone.

Another IOTA scamcoin bagholder detected.

I am considering buying this IOTA dip, have read the white paper a few time and came here to see what people are saying... and then I find this thread.

Do you have any real argument against the technology of IOTA? Or is it all "small ico, therefore it's a scam" and "price is falling, therefore it's a scam" because I have seen little to no technical discussion here. Do you have any real arguments against the technology that I should be aware of?

cudos to your critical thinking, because- no, they actually do not have any real arguments.

I am considering buying this IOTA dip, have read the white paper a few time and came here to see what people are saying... and then I find this thread. Do you have any real argument against the technology of IOTA? Or is it all "small ico, therefore it's a scam" and "price is falling, therefore it's a scam" because I have seen little to no technical discussion here. Do you have any real arguments against the technology that I should be aware of?

Newbies to this space may be fooled by such posts, especially when they start with "I am a senior systems engineers".

That's pretty much how every scam ever gets pumped, and IOTA is just an example of such a scam.

Indeed. Just because Byteball uses DAG, that does not make it an IOTA clone.

Another IOTA scamcoin bagholder detected.

I have no idea why people even respond to 2 post accounts that are obvious sock puppets anyway. Its always the same story..... I was suddenly motivated to sign up blah blah blah ..... all these years never once before wanted to sign in and discuss this project they are so passionate about.

Dude this is starting to look like a meme, some genius manager with 30 years of experience in whatever multi-million / billion dollar company makes a great long post about how such project is the best thing that has ever happened to humanity or how some other project is the worst shit ever that everyone should sell. And often times that guy has intelligent and educated friends who understand everything and who all agree with him. This all sounds like paid advertisements.

false

The short term price change should be irrelevant when its long term potential is high. IOTA still has problems and when these problems are cleared, IOTA will be heading to the moon. 

...clones ...Byteball already is

I hope you invested at 1.8BN cap you can wave from your sinking rowing boat but nobody will come and save you now.

This sock puppet is laughable and is probably david or cfb

IOTA will be cloned many times soon and it won't seem so special.

Assuming byteball is the product of 1 person is just another error you've made. I support that even over iota.

Both will be overtaken by new DAG based projects in the future.

I have no idea why people even respond to 2 post accounts that are obvious sock puppets anyway. Its always the same story..... I was suddenly motivated to sign up blah blah blah ..... all these years never once before wanted to sign in and discuss this project they are so passionate about.

Man up and post under your main account.

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. 

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. 

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.

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

Just some background, I am a Senior Systems Engineer for a multi-million dollar company,

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.

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.

$20biliion by the end of this year!  

It should that reach easily and i am Not joking!

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.

Not necessary if you ask me.  IOTA is not the most legitimate coin out there but it's not a "scam" per se, nor is it a pump and dump - it's been trading peer-to-peer for a long time before this exchange release.

IOTA is shit because it requires proof-of-work from each client in order to have "zero fees".  This means that the IoT devices that it claims will connect to it will find it very difficult to use IOTA without doing the PoW, and the battery life would be bad. 

No need for that. In a nutshell: the ICO was public indeed (not hyped tho') and lasted for a month. OP missed it, then he asked for a second ICO. CFB refused that and since then Cryptohunter thinks it's a scam. He might or might no right, but AFAIK the IOTA guys put some work into the coin and came up with some real life applications/prototypes, I tend to believe he's wrong on this.

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.

You'd have to be a dunce to not see it already.

$20biliion by the end of this year!  

It should that reach easily and i am Not joking!