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RE: Business Connections of IOTA - Real world adoption
Thank you for that update on IOTA.
I am still concerned because of all the rumors about the ICO. There are rumors that quite a bunch of people are still waiting for there coins.
(Source: Bitcointalk Forum, IOTA Blog)
Right now i am not willing to invest in IOTA since i still think one UNIT is overvalued + the already mentioned doubts.
I will edit the link as soon as i am at my home computer.
Hey m8 thank you will keep them coming:) The ICO was actually very fair. The last claiming period was finalized recently i believe 3-4 days ago.
Please note that Iota is traded in Megaiota. So if your purchasing 1 unit you get 1.000.000 tokens for 0.29 cents USD currently. The price is acctually relatively low if you can see where Iota will be by christmas.
The total coin supply is only 33% bigger than bitcoin. The unit that you have to take is Gigaiota (1 billion iotas). There are 2.7 million Gigaiotas. This is just not very appearent at first. Check my post "Iota in numbers". It shows how it actually scales. Has to be numbered like that, do to its use for the iot. Machine to machine transactions.
Cheers
I am aware of the MIOTA Unit but still it is overvalued in my opinion. Since there is no use case for Iota so far.
Can you enlighten me and tell me what happens srouns christmas time?
i thought like you at first. Once i got into it more i became a believer. Now there is only one project i support 100% ;)
I am curious to read what changed your mind :)
Several reasons why it is undervalued. Which doesn't mean we will only see Price rise from now on;) 1. Iota Tangle will only get faster the more people join. This means we will soon pass all the major players, even outside of crypto. 2. Obviously the 0 transaction fees (unique competitive advantage- nobody on the market has this do to blockchain limitations) 3. 🚨Security: Network is actually more secure than any blockchain 4. Scalability (it actually already scales 5. Major involvement and implementation by Microsoft, Cisco and many others ( I heard they are building a 1 billion usd factory for some kind of prototype- not sure if announced yet) 6. Major involvement by institutional investors 7. Limited supply of coins 8. Fair ICO 9. Iota is a non-profit 10. Iota doesn't hype or rush their announcements (just working to solve the problems of the iot) 10. The team and founder are absolute beast and highly qualified. There are so many more reasons why it's the best project in the space 🚀😊
Thanks a lot for sharing your opinion.
I will reconsider to get involved in Iota for the long term.
your welcome m8. Keep in touch and hope that i could help a little:)