Sooner or later, reality will bring this BS to an end.

It's well known that a Microsoft employee provided the IOTA team the media that stated they were partners--never did an IOTA developer retract anything. They merely acknowledge this miscue of the Microsoft employee. Meanwhile partners like Bosch and Fujitsu are still very active--my guess is Microsoftgate was kept on topic to undermine the fact that IOTA has actual interest from international corporations that are leading developers in IOT.

If you want to live in the past, that's fine, but please get your facts straight. It's anoying to have to refute the same BS months after.

Meanwhile stuff like this continues https://twitter.com/SarahNizze/status/962231566666731520

Thanks for the segue

Give answers?

The network is fine and has never been hacked and the wallet is secure. Next time either understand the issue or wait until you do before you start making demands that aren't based on reality.

The issue was that people were using random seed generators from malicious sites online--this is the equivalent of asking a guy on the street to create your safe combination or make your house key (IE don't be suprised when you get robbed).

TBH, I doubt your concern is geunine as this issue has been discussed ad naseum for the last two weeks and the info is avaiable for any one who is honestly concerned--next time try google.

It's fake news. Or at least a logical fallacy--his inability to set up a wallet correctly (not that he was doing anything right or how you would expect) has nothing to do with IOTA's ability to be the backbone of the IOT.

That guy was using programs he wasn't proficient in (stated in the article), made extra steps for himself and made the very dumb assumption that usability (for him mind you) transalated into IOTA being unworkable for the IOT.

The fact is that small devices wont be running nodes, or even wallets, so the assumption doesn't fit how the IOT actually works. The guy is either incompetent or disingenuous, but not suprising all the IOTA haters are quick to be oblivious to obvious when it helps them attack their fear--that IOTA will be succesful and make most blockchains obsolete. But what's great is that none of this matters, because the IOTA Founders were smart enough to take IOTA's future out of the hands of the crypto cartel with their mindless cadres of pseudo news sources and forum fanatics--do you think Bosch or Fujitsu give a shit that the average moron can't run a node? It's absurd to think corporations are going to listen to self glossed experts when their own developers have shown that IOTA works as intended.

Also, it's odd that he didn't wait for the new wallets if he was intent on getting a wallet working--though he probably still would have opted for needless steps if given the opportunity. Enjoy this P2P minded shitcoin fest while you can, because the new wallets will be user friendly and idiot proof. BTW, anyone who hasn't figured out the difference between P2P and M2M will still understand 100ctps and free.

1000s, but most coins have a max of trillions of marketcap based on the market they are attempting to corner. What I try to figure out is the potential market (digital cash, M2M, File Storage, ETC), who are the competitors, what percentage of the market will the coin likely capture and what are the chances of gaining that market. Once you establish those, you can monitor the coin and look for any competition that may arise or a new achievement that may better the chances of a competitor (though you can hedge to mitigate risk).

So as an example:

Monero:

Potential market: digital cash, black markets, tax evasion, secure business and military spending--these are growing digital sectors that have real world use in the trillions. Assuming they continue to turn digital and Monero can grab a healthy percentage of that growth, Monero's ceiling is in the trillions.

Competitors: Bitcoin, Zcash, etc.*

% of market: based on the need of consumers to have max privacy and the absence of major competitor, this likely is >80% once Bitcoin's privacy failures are acknowledged by the public and consumers move to more robust solutions.

Chances: coinflip, based on new solutions such as zstarks, mimble wimble, SPECTRE (not spectrecoin) Monero has to continually maintain its status as best-in-class privacy--this includes researching solutions that may create better privacy and more efficiency. While the lead Bitcoin has had in this market has dwindled and Monero looks like the succesor, there are more robust privacy solutions that could overtake Monero if they do not upgrade to match the competition(though all indications seem, research, planned forks, ect, seem to indicate that upgrades will be a permanent part of Monero's future). The Black Swan is Bitcoin in this competition as it could refocus on fungibility and use network effects to retake its position.

*There are many coins that have claimed to better than, or equal to, Monero as far as privacy is concerned, but for the most part, these coins have yet to go through any rigerous examination by cryptographers or have any real use on dark markets or any privacy intensive usecase.

Short article on IOTA's collaboration with ITIC: https://www.applancer.co/blog/iota-collaborates-with-itic-plans-a-worldwide-alliance-of-smart-mobility-testbeds

ITIC:http://www.itic-sc.com/about/

Atomic swaps should nullify this point--though TPTB may decide to outlaw all crypto. That seems a death knell, but stupider things have happened.

Also, how many people are robbed in xmr/cash exchanges? Is it comparable to how many dollars have been lost on BTC exchanges or who have been robbed in muggings or any other money related scenarios? I'm not saying the risk isn't there, but that that it may be overblown as a fear. I don't no anyone who as ever been robbed in a cash/xmr exchange, but I also don't know anyone who has ever been attacked by a shark--shit happens, even at ~0 risk (living in a armoured bubble?) you still die.

Short write-up on what  the ecosystem means for IOTA development: https://www.financemagnates.com/cryptocurrency/news/37-million-iota-ecosystem-launched-global-development-community/

Inconvenience is a small price for privacy. This is mainly a speculator's concern as they don't want to see the price drop due to ease-of-use (for themselves). Anyone who needs, or really-really-really wants privacy, will happily go to café and trade cash for xmr--I'm amazed that the early years of Bitcoin are so soon forgotten by crypto-rushers of today who can't see past their lambo dreams to actual usecases being delivered. Of course, this is the same greedy myopia that led to Bitcoin Maximalist--who somehow forget the one market that mattered in their pursuit for institutional money. Maybe that bet works out in the end (digital gold seems as dumb as real gold's perceived value, "look shiny!"), so it may work out for those who will eat their dicks if it doesn't. Meanwhile Monero moves on to claim the title of digital cash, which is something useful enough to survive inconvenience.

The wallet is secure--using a seed generator from an unknown is like asking a random guy on the streets to make a house key or create a safe password, just because you are ignorant of the risk, doesn't make you any less culpable for doing foolish things.

Write-up on IOTA Ecosystem: https://blog.iota.org/announcing-the-iota-ecosystem-339612656bc3

https://ecosystem.iota.org/

The wallet isn't exactly user friendly, but it works fine and is secure. The Trinity wallet should address usability concerns and is in testing atm--there are a couple more wallets coming out also within the next couple months. I've never had any issues myself, but can see people's frustration when they are used to BTC, Bitcoin clone and Eth (erc20) wallets that have had years to mature.

Dom said they didn't want to get into wallet development, sorry some misssed the memo, but my guess is the fud is to try to get it all in before the new wallets are released--good luck with that.

Network and wallet are completely secure--just don't use online seed generators and you're fine. Not complicated.

IOTA Foundation adds Mark Sulvaka to team: https://blog.iota.org/welcome-mark-sulavka-to-the-iota-foundation-f4d7172e5aa9

Mr. Sulavka brings with him a core team that includes the following:

Jeffrey Diedrich Former CTO of the National Stock Exchange and 20+ year securities and trading technology veteran.

Kenny Byrne Former CTO of PartStore and 20+ years as a Sr. executive, building and capitalizing early-stage companies as well as turnarounds.

Egor Agafonov Sr. Architect / Sr. Developer with over 30 years of systems and trading solutions development.

Mark Kemna Former CTO and Sr. technologist of multiple companies, specializing in ad-tech and big data.

The market potential is in the trillions--based on the always expanding digital market for tax evasion and black markets.

Now will it capture all that market? Given its status as the best privacy coin, yes--when it comes to privacy, barring any significant price difference, people want to use the best tech as the human cost is dear to them. But that could change over time, so it would be foolish to presume that it will be the case for all time. So you buy and you watch the privacy market to see how Monero is progressing and any hedges you may want to make with interesting tech. One of the good things is that, at least as far as dark markets, privacy users are loyal--anyone who followed how long it took Monero to knock off a public blockchain can testify to that loyalty--AFAIK Bitcoin still has a lead on amount of tx on the dark market, though that's obviously shifting in Monero's favor as some of the  biggest markets add Monero.

IOTA hackathon winners: https://blog.iota.org/flash-hackathon-winners-announced-231e80cd61ec

Demo of winner FogNet: https://vimeo.com/252654479

Charlie was called out for that--he basically asked about IOTA on twitter and when some of his followers started FUDing, he helped pile on. It looked orchestrated and the IOTA Devs were quick to call out the misinformation (DCI FUD and Microsoftgate).  He did something similar to Monero when coinbase was having a discussion.

IOTA is specifically built to be the backbone of the IOT, so not what Eth is set up to do. Though Pearl Oyster is building a token platform that works off the IOTA network, which will be in direct competition to Eth.

Though in regard to Pearl, I'm not sure why you wouldn't own competing coins--it's no different than buying Mercedes and Lexus stock--they may both succeed or you may wish to hedge in case one wins out.

No clue, I'm terrible at guessing prices. IOTA could become the backbone of the IOT and be in the trillions for marketcap or it could dwindle into the abyss of P2P and compete with 1000s of other coins for a piece of the action. The next 3-6 months will be telling--the question is if IOTA can live up to the Devs expectations of 100-1000ctps and continue work with corporations on hardware solutions that expand the network into real world applications. In the very near term, increased usability through the exchange module hub.ixi and new wallets will be a big positive for investors and speculators who are on the fence and make their evaluations primarily on direct experience.


I'll guess 8-16 for end of this year (positive outcome) or 1-2 (negative outcome).

As far as 2019, there are really too many unknowns, so I'll guess 15-30 (positive outcome) and 2-4 (negative outcome). Again, I'm horrible at guessing prices, so take with a grain of salt--the market may invalidate these guesses pretty early if Bitcoin surges or sinks.

Short write-up on Taipei's collaboration with IOTA to create a smart city: http://www.icolancer.com/news/iotas-tangle-protocol-to-change-taipei-into-a-smart-city