Bitcoin Forum

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

lots of buzz around itc huuuuh  8)

gotta check them out. thanks

IoT is the future, whether we like it or not. More and more of everyday things are being connected to the internet. IOTA is a coin that mainly focuses on IoT. It has no transaction fees, lightning fast transactions (the bigger the community, faster the transactions will be), no need for miners, no added electricity consumption… And it uses tangle, not blockchain. It’s a third-generation crypto currency.

It is worth investing in because it still isn’t fully released. We can expect lots of gains in 2018.

I feel like IOTA has a lot more potential.

Just a lot more known i guess. It's a top 10 coin and if this IOT idea with no fee transactions and potentially with infinite scalability ever goes mainstream, IOTA holders are the ones that are going to benefit from this.

But you're free to invest in both. Doesn't hurt to diversify your portfolio a bit.

I agree with your opinion.



Let's look at the NEO called "Ethereum China".
Although NEO is good, but not yet able to compete with Ethereum.
so, IOTA may still be better than ITC.

"ETH of Asia". Not only china, duudeee.. And comparing NEO to IOTA seems illogical. They have 2 different concepts, unless im horribly mistaking.

IOTA has much more advantages than ITC being the more mature blockchain. ITC is a new player and has still much to prove. Although there is much buzz about it for now, lets not forget how easily this could be a result of fake social media boosting. This post itself could actually be some paid shill to make us notice ITC, and it in fact is working in that sense.

Do your own research and make sure that if you are buying ITC it is for the right reasons and not just hype.

Thank you for the information, I just read the article on the internet.
but I do not compare IOTA vs NEO.

I think IOTA have more potencial, they have strong collaborations  behind it VW, Bosch ant etc. They have a strong community, nice team  and we see a good marketing with Dominik

One thing I do like about ITC is that they use DAG+PBFT which is fast and scalable. The problem with IOTA is that its architecture is centralized. ITC solves those problems while providing more security. they even had a meeting with Bosch recently too.

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

Thank you for bringing this up. Well, honestly I am not a fan of either IOTA and/or IoT but after reading the link you provide, and by simply looking at the comparison between the two, IoT Chain looks very interesting and I would say it's worth the time to check it out.

IoT Chain seems much better as an investment. A lot of room to grow and still unknown, if to compare with shilled IOTA.
But as a trader it is more reasonable to trade IOTA as it have much bigger volume.
In upcoming years IoT technology will be more and more integrated with daily life which is very good for early investors.

I agree. IOTA has its limitations. Also saw that ITC is backed by FBG Capital and partnered with Hashed (South korea's largest investment fund). I see lots of potential in this one

iota is still my favorite rather than iot and i always get excited when i hear about iota. this article is old, but very interesting to read.
https://blog.iota.org/2017-in-review-2018-in-preview-704177484ef0

Asian prototype iota, in terms of coins they are different and it becomes immediately clear that it will be more reliable in the market. I think everything is more than obvious, just need to let the iota rise to its top, then everyone will immediately understand the differences between them. In the meantime, compare them, two young and promising, only on personal views.

The marketing is strong and there's a lot of hype surrounding IoT Chain

The team have presented in Korea recently and are trying to expand their community there

There's an in-depth review of the project here: https://www.reddit.com/r/iotchain/comments/82q1nu/iot_chain_itc_review_by_the_crypto_lark/

Considering safety and ecosystem, Ethereum and Lightning Network are more suitable as Internet of Things.

https://medium.com/supercryptocurrency/iota-cryptocurrency-is-a-scam-heres-10-reasons-why-ca111de0f19a


grid+,Energy Web Foundation,wepower,smartmesh Developers have made a choice

LOL--those FUD points were refuted a long time ago, but congrats on digging them back up. The internet is great, but some people need to learn how to fact check instead of just grabbing whatever fits their narative and wasting everyone's time.

https://hackernoon.com/iota-why-the-fud-makes-sense-82a2f1dc38d5

I'm glad everyone is foccused on IOTA, the obvious leader, but come on--some of this is just lazy.

Hard to beat IOTA now that they have secured partnership with Taiwan, and also a state in China, and in Japan too, to convert the city into a smart city.

First movers always wins the race.

IOTA is shit as a currency coin (for now, until the network gets big enough to sustain itself w/o the need of a coordinator), but technologically it is well designed and is still being improved to evolve specifically for IoT purposes.

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://bitcointalk.org/index.php?topic=1965336.0. 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

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

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.

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 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.

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

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.

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?

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.

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.

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.

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

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.

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.

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?

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?

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

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).

I like IOTA. It seems to me that this coin has a huge potential. This is a unique project that can become interesting for many people. There will appear many competitors for sure and it will be a good chance to earn, but basically I believe in IOTA.

i do share same thought as you .

IOTA will get advantage of old player and many partnerships too .
but ITC can change the game with better approach , still it will take atleast a year to replace IOTA or beat it .

YOTA looks much better. And the volume of trading is good and the coin itself is good.
I vote for IOTA. Although with such a market as it is now, it is dangerous to either predict.

I think that's why IoT chain is better option for me. They are completely decentralized and more secure. Great project.

Iot Chain is the better option. DAG+PBFT consensus. Decentralized and fast/able to scale.  Their main net is coming out this year too

iot chain is a great project that I've been talking about since january. solid HODL and great team/tech.

can we talk about how underrated iot chain is?!?! I don't get the hype around IOTA tbh. There's SO much potential in ITC for so many reasons. People just need to DYOR.

What is this guy talking about?

I think that iota will have great potential. It cooperates with many large organizations and has a good customer base.

No clue loooool. But what I can say is that IoT chain has a lot of advantages when it comes to tackling IOTA not just in terms of tech. THey have been very strategic about their marketing strategy/reach. I love that they hit South Korea and partnered with Hashed

one thing I do think is important is decentralization and IOTA lacks that. I do see lots of benefits with DAG tech since it requires no miners and can scale very quickly. Will be keeping my eyes on iot chain

I lost my faith in Iota

I like Iota! they have a very cool idea, and with good refinement it will be possible to introduce this idea into everyday life! it would be interesting to see this

of course it is IOTA . many altcoins are copying bitcoin , now . but IOTA is a unique coin and i like its tangle . it is not block . it is truly innovative . i have high hopes for it

Iota has a dedicated community and first movers advantage.

IoT chain is trying to work on the issues iota has been plagued with, hope they do a better job; atleast WP looks more promising.

You can always share your money to invest in both projects, but in my opinion IOTA has much more prospects, since it already has a large number of large corporations with which contracts have already been concluded.

Lol every whitepaper will tell you about the similar thing on every project. Even the whitepaper of EOS looks promising but after the main net has deployed to the real life and it has so many vulnerabilities and drama. It looks better at the beginning and become worst after it has become a real thing.

Although I don't believe in IOTA but in this case I still can ensure that IOTA is much better than IoT :)). Although IOTA is one out of early cryptocurrencies in crypto market but it doesn't have much potential in the future but IoT is even worse than IOTA :)). If you still wanna invest in one out of these cryptocurrencies, you should choose IOTA :)

IOTA is a much more promising coin and I invest in it. Iot is just a Chinese copy of IOTA, so I'm not serious about their project and many people think exactly the same.

IOTA is bigger and I personally trust more IOTA than other, but be aware that everycoin can be overestimated. We have seen this many times and people were very surprised.