Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => IOTA Forum => Topic started by: harry_kush on February 04, 2018, 07:52:27 AM
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There were quite a few security loopholes in iota code. one article at telegraph (or similar) site mentioned that iota shouldnt have any value at all.
What are your views on the same
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IOTA is still a baby, check the IOTA devs, if you believe in them, invest, I'm still not convinced.
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am still observing this coin. it sure is loosing ita value but then again let's wait and see
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It seems to gained some popularity in the public though. For example, Taipei city is testing it. https://www.coindesk.com/city-of-taipei-confirms-its-testing-iota-blockchain-for-id/
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Even though iota has been lagging behind all the new tech tokens, it is easy and cheap to use. I think when crypto catches on to the general population, iota will have its place. I still meet people who do not know what crypto or bitcoin is...there is much room for growth and I look forward to 10 years from now.
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I dunno that losing its value is really fair.. I'd just say it was overvaluated to begin with.. its December runup was incredible but like all things that have parabolic runups the ABC correction tends to be the most severe. I think the charts were a bigger indicator that this price needed correcting over the news.. I think IOTA's concept is fantastic, but theres just no way I'm willing to long term invest in something with so many security loopholes.. but theres tons of time since its still new.
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I'm wary of IOTA. The idea is good and maybe in the future I would invest in IOTA, but at the moment for me this is just a coin with interesting potential which can go belly up at any moment or if there are no big problems the price most likely will remain stable so I don's see big potential for growth in the next six to twelve months.
Big problem for the blockchain is the tangle technology itself. You can imagine it like river stream and all nodes conect with some node downstream and at the final there is this trusted super node (the head quarters of IOTA with their servers). Which makes the blockchain centralized and I don't expect growth in the coin before the devs find solution to this problem.
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IOTA in general has great idea Internet of Things - meaning that all devices are connected to Internet and common statistics can be gathered and used for good purpose.
In practise all is not that simple - first of all not all gadgets are connected to Internet - second all which are connected have seperate vendors managing connection. So how IOTA gonna change current picture - it has only concept without no practical application. i have heard that Bosch has invested in IOTA but still it is not enough.
IOTA need to break through huge barrier to be a worthy crypto. Currently I would not invest in that project.
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Most of Crypto shouldnt have any value at all but does, why should IOTA be any different?
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I agree with what most of you said. Coin with amazing potential and technology that could be leading us into the new age of how crypto is done. Difficult to say if they will live up to the expectations though. I think that if they don't find a way of closÃng some of these loopholes soon, investors might loose trust. Wait and see is what I am going for. ;D
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IOTA is gaining popularity so its gonna happen.
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This crises will cease within a couple of time, relax
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IMHO Iota being one of the first has such a big name (who haven't heard of iota <in this world anyway>)
It also means there is a whole company working on the product gathering so much needed practical skills when it concerns this still very new industry with their apparently brilliant solution to some of the many problems concerning blockchain no one should doubt that iota will be a big player in the future
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I strongly believe that even if all counselling will die, miota will not because it has a use in a real time life. Their partnership with the automobile companies confirms the fact that this coin has a future
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Although IOTA is not performing as expected and is lagging behind most coins, i think the idea was good and it is of late gaining some popularity and I believe it's value will be good enough to attract more investors. They have a partnership with automobile companies which is commendable.
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After one year of IOTA's inception, it has barely made any significant improvement on the market. It seems its value is depreciating as stated. But I am still positive about IOTA. Let's give it some time and see what happens.
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After one year of IOTA's inception, it has barely made any significant improvement on the market. It seems its value is depreciating as stated. But I am still positive about IOTA. Let's give it some time and see what happens.
Agree we need to give some time to coins before we can say that it's not because they made already some changes to make it's security system secured.
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I've been invested in IOTA for almost a year now, and it's basically not moved (aside from the crazy ride that the whole crypto market took). On the upside, it's still (just) above where I bought it, which is more than I can say for plenty of others, so it's got a reasonable level of stability. Problem is with projects like IOTA, they are real (albeit risky) long term investments, and it's not just about sorting out the security issues. Haven't got enough in it to worry too much, but would like to see more tangible developments over the next 6-12 months. Don't want to be treading water for another year.
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They want to develop the idea of Internet of Things and make it possible for various companies to cooperate by selling all of their services easily. IOTA wants to make every technological resource a potential service to be traded on an open market in real time and most importantly with no fees.
They may also be revolutionary in a way with their Tangle architecture, which provides developers with a brand new set of tools for their applications in both IoT and Web and this is something different than a classic blockchain.
Pros:
1. Great scalability thus offering a huge potential
2. No need to pay for fees during transaction
3. Does not require miners
4. No need to panic cause network can't split into two
5. Allows micropayments
IOTA necessarily rise in price! I am sure about that!
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it is very wrong because iota has the potential to rise above, so do not underestimate a coin/token that can make you regret after missing the rocket if the price has gone up far
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This results in a tangle of transactions being built up that is distinct from the main tangle. Transactions in the parasite chain are less likely to be confirmed and this is the main reason for such ow confirmations.
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it let me upload a sig pic. odd. What operating system and browser are you using?
789
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There were quite a few security loopholes in iota code. one article at telegraph (or similar) site mentioned that iota shouldnt have any value at all.
What are your views on the same
A project that is still undergoing developments and upgrade, will have to fix bugs or the bugs get smatter at the other end. But, no matter how it will go, the developers will always find those bugs and fix them up. The loopholes will be fixed as time sets, all will go in well.