IOTA not able to handle IoT? Issues don't end...

[ArminH]

There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!

[MoonIsBlue]

There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!

Yes its overvalued, they don't even have a functioning wallet, constantly lose funds or hold them hostage at their own liking, announce fake partnerships to market their project. These issues were out in the open for a long time now.

[styca]

There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!

There was undoubtedly a huge amount of hype. I tend to stay away from coins that I think are overhyped, even if I think the project does have some intrinsic merit. Jury is still out on IOTA, but it was certainly overhyped. There have been a few other cases recently - Cardano, Tron, Raiblocks/Nano for example. Cardano and Nano do look quite good, and it might be worth buying in now that the prices have dropped. But in general overhyped=overpriced.

[dwarfik]

Not everything may be implemented but the blog post you are referring to is (purposely?) negative. I would welcome a neutral review without that arrogant "ran out of time, so it must suck" flavour.

[generalizethis]

There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!

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.

[Black_bl]

There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!

If you have bought IOTA at low price, you still can sell enough coins to your investment will return and let the rest of coins in your stack. The bigger problem have those who have bought in a range 3-5 bucks. IOTA has certainly problems, but if they solve them, there will be a good potential

[kemKem]

Other important points are currently Streamr very undervalued compared with IOTA, while both SKPLBI in BitFinex, market capitalization very fruit:

[disconnectme]

I am not a technical person so I won't go into technical aspect, I think the team is solid enough and can work on the way to make the platform do what they promised it would do, this is just a warning to people not to over commit om a project because most of this projects are experiment and might not work

[cabbarlana]

IOTA is considered to have reached $ 2. Maybe it's the last time these low prices. In the future, I think he can see $ 5. I can make a small investment.

[ZaoXhou]

IOTA is considered to have reached $ 2. Maybe it's the last time these low prices. In the future, I think he can see $ 5. I can make a small investment.

I am not really sure, many people have been saying for a while now that iota has been overvalued. Maybe we've reached the true price for now?

[fia_naila]

Wow..i just read this news and i dont believe that iota cant handle IOT. I read on some news for crypto that samsung and fujitsu will work with iota or is that just fake news ? I hold some of my iota untill i got clear news about this.and i still believe the developer can resolve this thing.

[generalizethis]

Wow..i just read this news and i dont believe that iota cant handle IOT. I read on some news for crypto that samsung and fujitsu will work with iota or is that just fake news ? I hold some of my iota untill i got clear news about this.and i still believe the developer can resolve this thing.

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.

[mummybtc]

I read the article too but some people are saying this is a fake news, there have been some questions been raised about the projects that they team need to give answers too, I read some few weeks ago that because of the vulnerability in the network someone's account was hacked

[generalizethis]

I read the article too but some people are saying this is a fake news, there have been some questions been raised about the projects that they team need to give answers too, I read some few weeks ago that because of the vulnerability in the network someone's account was hacked

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.

[JetSet11]

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.

Thank you for bringing common sense and giving a good explanation to dismiss what otherwise would have been massive FUD.

[slaman29]

Iota was not the only project to be overvalued and overhyped, but it is definitely one of those guilty of completely going overboard selling themselves. I know I haven't forgotten how they had to retract their statements about Microsoft partnership (not that they needed to say that in the first place). And each time this type of news comes out, can't wonder if there is even more we don't know about. But I bet a lot of alts will have the same weaknesses if they had the same type of tests done on them.

[generalizethis]

Iota was not the only project to be overvalued and overhyped, but it is definitely one of those guilty of completely going overboard selling themselves. I know I haven't forgotten how they had to retract their statements about Microsoft partnership (not that they needed to say that in the first place). And each time this type of news comes out, can't wonder if there is even more we don't know about. But I bet a lot of alts will have the same weaknesses if they had the same type of tests done on them.

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

[Yuuto]

There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!

IOTA isn't really a hype coin since nobody talks about it.

I think that IOTA indeed has a lot of issues. For instance, the pending transaction issue that has been going on for ages now that hasn't been fixed. They blame it on not enough people using the network. There's also the disappearing balance issue that I had to deal with just earlier today, they haven't fixed that either.

So I really see potential in IOTA, but the team isn't doing much to kickstart the process.

If they do fix their problems, they've got a bright future. $10 per IOTA is just a number.

[Gobeller]

We can know the answer of this question. If they claim they created a unique and fast tangle blockchain, they will have problems for sure. It's not free to surpass other's technology by saying something and spreading rumors.

All I can say is that IOTA is overvalued 100% and beware of this.

[pinkflower]

There is another report about IOTA not being able to keep it's promises:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b

A few days ago I read in a Swiss newspaper, that some big players tested IOTA in several different use cases and it wasn't able to meet the requirements

As I hold quite a lot Iota, such news always scare me.
Ok I bought very cheap, so I'm not really scared.
Still the question comes up, is IOTA currently overvalued due to hype before it was every really applied?
Reasonable replies and sources preferred!

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.

The guy is no newb to cryptocurrencies. He has been around since 2011 and worked as a backend engineer in Kraken. The review, I think, justifies itself in terms where usability is concerned. There were already many bad IOTA reviews before that.

With that said, Im still excited in tangle technology. Burst will use tangle as an off-chain layer on top of their blockchain.

Anyhow, if you want to do something thats cutting edge, its better to do it off-chain and leave the blockchain "pure". You can read more about "colored off-chain tangles" in the Dymaxion whitepaper.