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The answer to your question is: absolutely no. Actually they are the riskiest investment possible in this space, since the developer should not refund you in case of hacking, fraud, failure of the project and so on.
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Congrats to all the holders, but we are still warming up.
I see 0.1 BTC as a possible ATH in the near future.
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Every serious portfolio should have some LTC right now.
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1000+ downloads!  |
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Someone already received SOMNs in the wallet?
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Ya, it doesn't matter where the bottom is. As long as you get in before it spikes by investors who discover it. IOTA is literally still an infant. But it definitely has a lot of potential. What they're doing is very ambitious. There are only a couple security risks that have been noted by an instructor at UC Berkley. You can find it on reddit, but one of those risks is theoretically possible on bitcoin as well. Just by looking at Bitfinex selective portfolio on well known coins -- minus IOTA -- is also another reason why I'm interested in it. Although Bitfiniex did have a negative public press on a recent event -- they did refund everyone which was about $70 ish million. Could it have been publicity stunt to bring in trust? Maybe. The people who are teaching about IOTA in a classroom setting -- appear to be in an on-going active discussion with the dev team on slack. That implies that inherent security issues will undoubtedly be addressed to the dev team. I just got into IOTA yesterday and am still learning as much as I can. I believe I read somewhere that the white paper 2.0 is due for release very soon -- as well as a few announcement in the upcoming months. I also jumped in early on IOTA because I have no idea when the other exchanges will recognize and adopt the coin -- or when a few big VC's decide to jump in randomly soon. But when it happens -- I don't want to be that guy who didn't buy, lol. I'll be buying more when as it keeps dropping  I will wait this white paper 2.0, because the 1.0 was really sketchy and vague on many key points. |
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Luckily I see this coming and I didn't invested, who knows where the bottom is.
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Cryptocoins are valued by consensus.
I am not seeing enough consensus for IOT to be worth a billion
So, this smells fishy.
Right now it's only available on one exchange that is currently blocking deposits... So the real price could be much lower. |
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There are many unclear points in their tech. If the tech is not worth, it will collapse badly.
I'm really surprised that such a (claimed) revolutionary currency has a very short white paper, comparing to other less famous projects. I feel like the tech is still in his infancy, so I'm not sure they can deliver what they promise.
I will do more research on it...
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Can you answer this (quoting myself from another post): Iota introduces an interesting new concept in the crypto scenario: the directed acyclic graph, or DAG. Basically it's an evolution of the usual blockchain, requiring no fees and without scaling issues. Nevertheless, after having a quick look at the white paper I still don't understand how the nodes will keep working continuously. In the "tangle" there are no miners, the beloved greedy workers of the Bitcoin blockchain. Instead, here to perform a transaction, you should verify other transactions first. In the white paper ( http://iotatoken.com/IOTA_Whitepaper.pdf) they say: what motivates the nodes to propagate transactions? In fact, in our setup the nodes do not have motivation
not to propagate. Every node calculates some statistics, one of which is how many
new transactions are received from a neighbor. If one particular node is “too lazy”, it
will be dropped by its neighbors. So, even if a node does not issue transactions (and
hence has no direct incentive to share new transactions that approve its own one), it
still has incentive to work hard. I'm not convinced by this statement. In fact, let's say that I'm a node and I don't want to be excluded by other nodes (and even on this I would like to understand what it means to be excluded. If you start again working hard can you be re-admitted? I could work only if I need to do transactions). If my fellow nodes work x, I could work 0.99 x to not get excluded and minimize my work. But this reasoning can be applied to every node, since electricity has a cost, so everyone one will lower its effort, resulting in a system that perform poorly. |
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Can you answer this (quoting myself from another post): Iota introduces an interesting new concept in the crypto scenario: the directed acyclic graph, or DAG. Basically it's an evolution of the usual blockchain, requiring no fees and without scaling issues. Nevertheless, after having a quick look at the white paper I still don't understand how the nodes will keep working continuously. In the "tangle" there are no miners, the beloved greedy workers of the Bitcoin blockchain. Instead, here to perform a transaction, you should verify other transactions first. In the white paper ( http://iotatoken.com/IOTA_Whitepaper.pdf) they say: what motivates the nodes to propagate transactions? In fact, in our setup the nodes do not have motivation
not to propagate. Every node calculates some statistics, one of which is how many
new transactions are received from a neighbor. If one particular node is “too lazy”, it
will be dropped by its neighbors. So, even if a node does not issue transactions (and
hence has no direct incentive to share new transactions that approve its own one), it
still has incentive to work hard. I'm not convinced by this statement. In fact, let's say that I'm a node and I don't want to be excluded by other nodes (and even on this I would like to understand what it means to be excluded. If you start again working hard can you be re-admitted? I could work only if I need to do transactions). If my fellow nodes work x, I could work 0.99 x to not get excluded and minimize my work. But this reasoning can be applied to every node, since electricity has a cost, so everyone one will lower its effort, resulting in a system that perform poorly. |
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As I was expecting, it's falling again. Probably we will need 24 hr to now the real price.
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Iota introduces an interesting new concept in the crypto scenario: the directed acyclic graph, or DAG. Basically it's an evolution of the usual blockchain, requiring no fees and without scaling issues. Nevertheless, after having a quick look at the white paper I still don't understand how the nodes will keep working continuously. In the "tangle" there are no miners, the beloved greedy workers of the Bitcoin blockchain. Instead, here to perform a transaction, you should verify other transactions first. In the white paper ( http://iotatoken.com/IOTA_Whitepaper.pdf) they say: what motivates the nodes to propagate transactions? In fact, in our setup the nodes do not have motivation
not to propagate. Every node calculates some statistics, one of which is how many
new transactions are received from a neighbor. If one particular node is “too lazy”, it
will be dropped by its neighbors. So, even if a node does not issue transactions (and
hence has no direct incentive to share new transactions that approve its own one), it
still has incentive to work hard. I'm not convinced by this statement. In fact, let's say that I'm a node and I don't want to be excluded by other nodes (and even on this I would like to understand what it means to be excluded. If you start again working hard can you be re-admitted? I could work only if I need to do transactions). If my fellow nodes work x, I could work 0.99 x to not get excluded and minimize my work. But this reasoning can be applied to every node, since electricity has a cost, so everyone one will lower its effort, resulting in a system that perform poorly. What do you think about this? |
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What do you expect now? Further drop or growth? (short term)
There should be a lot of people that hasn't cashed in yet from the ICO, very risky to buy right now.
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The reality is that nearly all the ETH-based coins are performing very well and have a positive outlook considering the nice tech and the good adoption.
Aragon is ETH-based, nice project, never pumped.
So far, the future seems bright, we will see.
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XMR on top? So you really think that anonymity will be of primal importance in the future? I'm not convinced at all, the good thing is that XMR is still a sub 100 dollar coin and it's reasonable to see 100-200 dollars in the future, but then I would sell there.
BTC and ETH are the real long term.
In the list, Ark seems to me the most promising.
I would personally add Golem, Litecoin and Aragon, and reduce XMR to third spot.
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Unless the whole crypto hits a super bear period, 10 dollars is an easy target.
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