IOTA vs IoT??? - page 2. | Bitcointalksearch.org

generalizethis

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Quote from: vivinamie on March 24, 2018, 09:02:08 PM

Quote from: ?? on ??

Quote from: Zandra on March 24, 2018, 05:02:24 AM

Seriously? Iota is a scam?
Iota is my top 10 list of my altcoins that I investing, all that I know iota had a good potential to growth and I hope i will get a nice profit

How many months have they been holding people's coins that were taken without consent?

They dont even respond to tickets/emails raised by people who's funds they have stolen and are now demanding KYC info to return funds that were not theirs to take in the first place.

Any coin where the devs can simply take control of other people money without consent no matter what the reason is insecure and open to fraud also there are several of the dev team that are basically arrogant pricks.

Not only is it unsafe, but in fact, iota and XRP are as completely centralization as worthless.

That's how dags work. They have to get to a critical mass in order to be secure enough in order for the training wheels to be taken off--this is known and it's based in math, they can't wish the problem away. If you are using a dag you will have this issue. Now the good thing is that it's achievable and with it you get things like feeless tx and scalability (things other coins can't do on their 1st layer and have to offload onto a 2nd layer in order to compete).

vivinamie

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Quote from: ?? on ??

Quote from: Zandra on March 24, 2018, 05:02:24 AM

Seriously? Iota is a scam?
Iota is my top 10 list of my altcoins that I investing, all that I know iota had a good potential to growth and I hope i will get a nice profit

How many months have they been holding people's coins that were taken without consent?

They dont even respond to tickets/emails raised by people who's funds they have stolen and are now demanding KYC info to return funds that were not theirs to take in the first place.

Any coin where the devs can simply take control of other people money without consent no matter what the reason is insecure and open to fraud also there are several of the dev team that are basically arrogant pricks.

Not only is it unsafe, but in fact, iota and XRP are as completely centralization as worthless.

teddyelwyn

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Quote from: donacal on March 24, 2018, 04:25:57 AM

I believe a lot more in IOT CHAIN. there have been major investments and has a very specialized team. When the internet of things explodes you will find out everything

I'm the same page. I already see them growing. They went from around 5000 transactions when I invested and now they're around 25,000 all in a few weeks time. https://medium.com/@IoT_Chain/news-weekly-itc-progress-update-2018-3-17-2018-3-23-da9a5b406e83

generalizethis

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Quote from: ?? on ??

There is no KYC in place, their legal team are working on it apparently.

Then they're working on it. Unless you are claiming the Foundation or the lawyers are lying?

To which I'd reply, why would the Foundation or their lawyers lie about it.

If you want to complain about long it is taking. I'd say go look up the international laws they have to abide in order to be in compliance and then come back with your own estimate--they are a legal nonproffit in Germany, they have to abide by laws that most cryptocurrencies wouldn't bother with--though that may be to those coin's detriment in the long run. I suggest you try to understand what needs to be done before assuming a timeline based on Dunning Kruger.

Also, are you NewAgeNomad101?

generalizethis

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Quote from: whaawh on March 24, 2018, 11:31:31 AM

Hello, you can explain why almost all projects that require Bounty participants and investors to provide personal data, that is, registration of KYC, practically freeze in place and can not develop further. For several months the Globitex project has been frozen and no one sees a real distribution.

The point is the IOTA had already been distributed and were held in private wallets.

The IOTA team then took those funds back from peoples private wallets without consent and have been holding them for months and will not return them until KYC is completed but they dont even have a KYC process in place.

AFAIK there is a KYC process in place and many of the funds were already returned (IIRC most didn't need KYC as they had data from their original wallets that validated their tx).

Also, as far as you repeating that they took the funds--again would you have them ask for permission while the attack was underway and have those funds in the hands of the attacker instead of the Foundation who is going to lengths to get them to the rightful owners?

whaawh

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Quote from: ?? on ??

The whole sham has been going on around 6 months already. How long would it take a team of legal professionals to implement a standard KYC process that is common practice and already used mainstream.

My bet is the KYC issue will not be resolved by the 1st June, this would have given the IOTA team around 9 months in total to resolve the problem (and failed).

You also failed to comment on your thoughts of davids & CFB's behavior on slack/discord

Hello, you can explain why almost all projects that require Bounty participants and investors to provide personal data, that is, registration of KYC, practically freeze in place and can not develop further. For several months the Globitex project has been frozen and no one sees a real distribution.

generalizethis

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Quote from: ?? on ??

The whole sham has been going on around 6 months already. How long would it take a team of legal professionals to implement a standard KYC process that is common practice and already used mainstream.

My bet is the KYC issue will not be resolved by the 1st June, this would have given the IOTA team around 9 months in total to resolve the problem (and failed).

You also failed to comment on your thoughts of davids & CFB's behavior on slack/discord

You mean banks and exchanges that know your ID when you sign up or ask for a withdrawal increases? Hardly an apples to apples comparison. How many people have made their claims? How many claims are in dispute? Along with other issues that make this more complicated and a longer process than for banks or exchanges.

As for CFB and David's behavior, I've always enjoyed their straight forward manner--as for your specific listed instances, I've never read of them before, so without links, it's hard to take them at face value.

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Quote from: bornforfreedom on March 21, 2018, 06:48:19 PM

Thoughts on how IoT Chain (ITC) rivals IOTA? Where do you guys stand?

I'm personally not a fan of IOTA and been following ITC for a couple of weeks. Crypto lark even covered them recently. https://youtu.be/BE8Gf-6sfJ4

https://www.huffingtonpost.com/entry/a-beginners-guide-to-iot-chain-the-iota-of-china_us_5a4a4edee4b06cd2bd03e183

About 3 weeks ago I invested about $ 300 in the IOTA. While I hold her, but I feel that my patience will soon end.

generalizethis

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Quote from: ?? on ??

So how many months do you think is acceptable before they start responding to tickets/emails or provide a genuine update other than "our legal team are working on it"

Want to put your money where your mouth is. I bet by 1st June 2018 the KYC issue is still not resolved and people are still left in limbo with no funds

I don't know what's acceptable as I'm unsure of the requirements or how many people have made their claims or where their current status is or any host of other factors....

If you want to bet on the final four or something with less varibles, I'm game.

generalizethis

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Quote from: generalizethis on March 24, 2018, 07:38:23 AM

AFAIK they are doing KYC to oblige their status as a German nonproffit, and my guess is to link those who received payement to an ID, so in case the funds are later disputed, legal action can take place against those who wrongly claimed the funds--pretty obvious stuff. As for th rest, you seem a bit bitter about it and my guess is that's skewed your narative a lot.

How can you establish who is genuine owner of a seed if there are two claimants?

If both claimants submit I.D where do you go from there. I.D was not required during the ICO process or any time since, the only time they have demanded I.D was after the IOTA grab without any consent.

I am not bitter at all, I already dumped all my IOTA mainly due to the dev teams unprofessional attitude that wont cut it in the future.

Again, "the grab without consent" was to protect people's funds--odd that you think that's a bad thing, but whatever.

If two people are claiming the same funds, then I'm sure one party would be more interested in meeting the authorities than the other (those authorities would have access to bank data and could search records to correlate the amount of the claim with the bank's ledger)--again, pretty obvious stuff.

generalizethis

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Quote from: generalizethis on March 24, 2018, 06:01:02 AM

So you'd rather people lost their IOTA in an attack and KYC not be implemented when there are multiple request for the same funds?

You sure they're the pricks?

Yes I am sure they are pricks. A good example is the time David didn't like a post someone made on twitter and made the ultimatum that if the members of the Discord group did not immediately go online in twitter and attack this individual he would no longer post any IOTA updates ever again on discord. Very professional way to treat your investors.

People like you always try to justify their actions with the "what if you lost your funds" argument. So does this excuse a complete lack of communication to those involved, not responding to any tickets or emails. Completely ignoring the "reclaim" thread in discord etc.

How many months has this been dragging on?

I would also be very interested in you explaining how providing KYC info proves ownership of IOTA as there are no historic links between personal I.D, IOTA ownership and current claims.

AFAIK they are doing KYC to oblige their status as a German nonproffit, and my guess is to link those who received payement to an ID, so in case the funds are later disputed, legal action can take place against those who wrongly claimed the funds--pretty obvious stuff. As for th rest, you seem a bit bitter about it and my guess is that's skewed your narative a lot.

generalizethis

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Quote from: Zandra on March 24, 2018, 05:02:24 AM

Seriously? Iota is a scam?
Iota is my top 10 list of my altcoins that I investing, all that I know iota had a good potential to growth and I hope i will get a nice profit

How many months have they been holding people's coins that were taken without consent?

They dont even respond to tickets/emails raised by people who's funds they have stolen and are now demanding KYC info to return funds that were not theirs to take in the first place.

Any coin where the devs can simply take control of other people money without consent no matter what the reason is insecure and open to fraud also there are several of the dev team that are basically arrogant pricks.

So you'd rather people lost their IOTA in an attack and KYC not be implemented when there are multiple request for the same funds?

You sure they're the pricks?

ASHLIUSZ

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Iota having more real time projects make it more worthy than the much commonly used technology. Iot chain forms a separate market and has been found potential. This has got listed within the top 100 cryptocurrency within few months time based on the trading volume itself gives a clear description about the growth it has attained.

Zandra

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Quote from: vivinamie on March 24, 2018, 03:49:18 AM

iota token is scam.. There was a "public" ico that was intentionally kept secret, which raised 500 btc. After it finished they started hyping it up to create FOMO. Now when it goes on the exchange the 1mil ico is suddenly worth 1 BIL? WTF? This is clearly collusion between the initial investors (probably just devs/friends of devs) to scam people into buying at 2000X the ico price.. The tech of this coin is also not feasible: https://www.reddit.com/r/Iota/comments/6hc4o2/concerns_that_must_be_addressed/. more discussion: https://bitcointalksearch.org/topic/iota-the-scheme-is-being-pumped-hard-now-dont-fall-for-the-trap-1965336. Anyone who is shilling it is just someone who got in relatively early trying to dump on you. DO NOT BUY

china?taiwan?japan?
I can tell you responsibly, it's the air that I'm the East Asian man
Know very well here, scam projects iota, nem, neo always use language and area to scam western investors
Iota's technology is completely untrusted,
Defects and insecurity are the facts
so there is no support for any development project

Seriously? Iota is a scam?
Iota is my top 10 list of my altcoins that I investing, all that I know iota had a good potential to growth and I hope i will get a nice profit

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: kryptqnick on March 24, 2018, 04:46:36 AM

I don't see how IoT is comparable with IOTA and what similarities they have apart from names and relation to internet of things. IoT is a blockchain project which tries to solve security issues. The coin has its partners and investors, I believe the Chinese support in a lot. IOTA is a non-blockchain project which has problems with security while solves the problems of transaction fees and prices making the fees free and transactions instant forever due to tangle technology it is based on. IOTA also has a nice team, but no major supporters. I am in favor of iota, because it at least tries to do something new, expresses some out-of-the-box thinking.

"No major supporters"?

VW, Bosch and Fujitsu aren't major? If anything it is one of the few coins with major support.

kryptqnick

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I don't see how IoT is comparable with IOTA and what similarities they have apart from names and relation to internet of things. IoT is a blockchain project which tries to solve security issues. The coin has its partners and investors, I believe the Chinese support in a lot. IOTA is a non-blockchain project which has problems with security while solves the problems of transaction fees and prices making the fees free and transactions instant forever due to tangle technology it is based on. IOTA also has a nice team, but no major supporters. I am in favor of iota, because it at least tries to do something new, expresses some out-of-the-box thinking.

donacal

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I believe a lot more in IOT CHAIN. there have been major investments and has a very specialized team. When the internet of things explodes you will find out everything

auliahr

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Quote from: vivinamie on March 24, 2018, 03:49:18 AM

iota token is scam.. There was a "public" ico that was intentionally kept secret, which raised 500 btc. After it finished they started hyping it up to create FOMO. Now when it goes on the exchange the 1mil ico is suddenly worth 1 BIL? WTF? This is clearly collusion between the initial investors (probably just devs/friends of devs) to scam people into buying at 2000X the ico price.. The tech of this coin is also not feasible: https://www.reddit.com/r/Iota/comments/6hc4o2/concerns_that_must_be_addressed/. more discussion: https://bitcointalksearch.org/topic/iota-the-scheme-is-being-pumped-hard-now-dont-fall-for-the-trap-1965336. Anyone who is shilling it is just someone who got in relatively early trying to dump on you. DO NOT BUY

china?taiwan?japan?
I can tell you responsibly, it's the air that I'm the East Asian man
Know very well here, scam projects iota, nem, neo always use language and area to scam western investors
Iota's technology is completely untrusted,
Defects and insecurity are the facts
so there is no support for any development project

everyone here is smart to choose between good and not. if you do not like iota and argue that iota is a scam, then create your own thread about it.

JuniAiko

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I'm from east asia too. There are many things going on under the scenes that isn't immediately apparent on the societal level until the implementations starts to scale up.
https://www.coindesk.com/city-of-taipei-confirms-its-testing-iota-blockchain-for-id/

Every Partner and Affiliation that IOTA Has (The Tangle)
https://steemit.com/iota/@nateq/every-partner-and-affiliation-that-iota-has-the-tangle

vivinamie

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iota token is scam.. There was a "public" ico that was intentionally kept secret, which raised 500 btc. After it finished they started hyping it up to create FOMO. Now when it goes on the exchange the 1mil ico is suddenly worth 1 BIL? WTF? This is clearly collusion between the initial investors (probably just devs/friends of devs) to scam people into buying at 2000X the ico price.. The tech of this coin is also not feasible: https://www.reddit.com/r/Iota/comments/6hc4o2/concerns_that_must_be_addressed/. more discussion: https://bitcointalksearch.org/topic/iota-the-scheme-is-being-pumped-hard-now-dont-fall-for-the-trap-1965336. Anyone who is shilling it is just someone who got in relatively early trying to dump on you. DO NOT BUY

china?taiwan?japan?
I can tell you responsibly, it's the air that I'm the East Asian man
Know very well here, scam projects iota, nem, neo always use language and area to scam western investors
Iota's technology is completely untrusted,
Defects and insecurity are the facts
so there is no support for any development project

Topic: IOTA vs IoT??? - page 2. (Read 652 times)