[CURRYPTO Public Issue #2] IOTA - Investigating the blockless coin.

[currypto]

Today we take a look into what the f*ck IOTA has to offer. On the surface it is a very interesting coin. They do away with the blockchain in favor of "Tangle", otherwise known as a "braid". Unfortunately there are some major pitfalls to this technology.

http://currypto.club/hello-world/iota/blockless-cryptocurrency-disappointing

TL;DR: IOTA is interesting but not useful. Should be a colored coin based on Bitcoin or Ethereum. Not a scam, just some bad choices made by people.


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What mystery coin should I look into next?

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[hpmp]

I want to use IOTA-kind tokens in my next project.
Thank you for this links. I gonna read the article and will be back tomorrow with my feedback. Anyway, I think IOTA devs will fix most problems in next years, and it's OK for me.

[currypto]

I want to use IOTA-kind tokens in my next project.
Thank you for this links. I gonna read the article and will be back tomorrow with my feedback. Anyway, I think IOTA devs will fix most problems in next years, and it's OK for me.

Your project involves IoT? I really don't think you should...If you could shed some light on what you are doing exactly maybe I can give some good advice.

[hpmp]

Why do you limit using IOTA with IoT only? I like blockless and feeless transactions. I'm considering to use it as currency infrastructure in gaming and around gaming services and goods market.

[currypto]

Why do you limit using IOTA with IoT only? I like blockless and feeless transactions. I'm considering to use it as currency infrastructure in gaming and around gaming services and goods market.

There are already feeless transaction coins (see: Steemit). As I've said, blockless does not give you any advantages.

It really sounds like you could use Ethereum or a colored coin. Why not check out Gamecoin?

[hpmp]

It really sounds like you could use Ethereum or a colored coin. Why not check out Gamecoin?

thanks, I'll check it out

As I've said, blockless does not give you any advantages.

Does blockless means feeles transactions? If it does - it is an advantage.

[currypto]

It really sounds like you could use Ethereum or a colored coin. Why not check out Gamecoin?

thanks, I'll check it out

As I've said, blockless does not give you any advantages.

Does blockless means feeles transactions? If it does - it is an advantage.

Blockless does not necessarily mean feeless. And even if it does, how is it an advantage over blockchain coins that don't require a fee? lol

[hpmp]

Ok, if there is no fee for transactions in "blocky" blockchain, how encourage mining blocks? I see only way is to pay some fixed amount for block generation. But this is not a natural price generation, so I would like to find another way to allow market to adjust price or make [Suspicious link removed]pletely free for everyone to use.

And yeah, thanks for helping me to better understand this mechanics!