Topic: IOTA - the scheme is being pumped hard now don't fall for the trap - page 7. (Read 41133 times)

It's very simply... nobody knows if it works yet or not. Nobody knows if the tech is good or not. MIT are saying it does not look good right? So any intelligent investor would wait and see.

We do know it was narrowly distributed indeed compared to other icos so we know it is wide open for collusion and market making at this point.

So any intelligent investor would wait for this to play out a little longer and let the whales keep dumping on noobs and see what their intentions are once a large proportion gets sold away from them. But this is the problem how much is being sold to new investors at 2000x ico price and how much volume is just whales selling back and forth to themselves.

Therefore you would need rocks in your head or balls of steel to invest one cent into iota it right now. Too many as yet unanswered questions and too many unknowns on the real market demand/supply.

Probably the most risky project out there from a known developer. I mean these other shit insta icos with complete dreams and talk white papers and nobody of merit to implement them are  more risky and more shit so if you have the balls for those then by all means load up on iota.

Just don't be shocked if your investment is reduced to dust.

I think IOTA is a good coin, but lately I've also heard bad news about the altcoin. so I'm still confused to invest in IOTA.

I think you misunderstand.

The tech is questionable with iota but that is secondary to the manipulation and collusion scams running in crypto. The love of crypto the hate of crypto is mainly based upon the love and hate of the schemes and scams. I mean why would you love or hate technology and advancements in the crypto arena If iota is useful it would have reached this cap with natural market forces eventually but it would not have gone from 1M to 2B in one jump on one exchange distributed narrowly to small small minority of this board compared to the far wider distribution of other ico projects on this board.

The tech itself to me is not the main issue. Until someone breaks it and proves they can once the training wheels are taken off then for me it is unknown. For me at this time nobody really knows but the longer these training wheels stay on then the less likely it looks it can function without it.

 I want to see the training wheels come off and then someone break it. If they can't break it then saying it does not work is not good enough for me. I have heard for years POS is broken but nobody has broken any big pos coin to my knowledge. Theoretically many things are possible that will never happen I like to see these possible things take place to demonstrate they are actually possible. Although those investing before the training wheels are taken off and people have some time to break it are huge risk takers at this cap.

Of course I will be more than happy if someone does break it since I don't like terrible narrow distributions that lead to the collusion and market making we are seeing with it now. He pulled it with NXT although honestly that was a first for icos so could be a special case and it is still going now. He pulled it again although I warned it would happen days after the iota ico finished. To me he can create some interesting things I don't doubt he is smart at all. I just think he believes he can hoodwink all the other people here with the same sort of scheme twice.

Iota is no worse than all of these insta icos that sell out to insiders in 30 seconds. I would like to see them all crushed.

Initial distribution is key. Coin market cap should be forced to have a different section for those with very narrow initial distributions because their cap is probably false. Coin market cap is the most dangerous website for new investors out there in its current form. They give a false sense of worth and security and they know their metrics are easily manipulated. They need to put more effort into research into the origins of these coins.

Let Lauda answer first.

Nobody of any calibre is going to spend 2minutes of their time checking the work of a high-school level guy.

I told you back in February your Curl function is shit and not worthy more of my time, or the measly 10k usd bounty.

No matter what you produce, and what you sell it as, it will not be even be worth attacking it.

Also, the better professional, the more likely they would not feel ethical to attack and steal other peoples money.

Iota, and any other coins you are involved in, have the security of wordpress webpages.

Just do what you are good at, sell hot air and scam idiots.

We know their opinion. Now answer my question. 

It was flawed and on a level of code that is often produced by high-school developers. MIT did the job for you: https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367.  

You imply you can break it? 

You mean, the same way that you've produced your own *working* hash function?

We are working on that and will prove everything in due time. This is how it works in the reality without magic beans.

If you post a whitepaper in 2015, maybe its your point to prove or show a network without a Coordinator?

Then provide bullet points. If you post info it's your main job to make it digestible.

^ The guy who does not have the capacity to understand the point of this thread and has to resort the the old fav butt hurt comments of every other scammer caught with hands in the cookie jar.

Refute the points made in this thread or remain quiet. I'll await your rebuttal of those said points or your silence.. either is fine. If you have no clue as to the points I refer too then try reading again this time more slowly.

^The guy who was butt hurt and missed the IOTA train. And still can't get over it.

Worse? Do you mean "not white gay old people with disabilities"? 

Criminal Enterprise.

Similar to stealing from old people but advanced and worse.

Nope not something else ... i think you summed it up perfectly

What meaning do you put into word "scam"? Standard BTT's definition ("a successful project I didn't invest into") or something else? 

Lisk told us to stay away.

Iota = scam