IOTA, 6th biggest CryptoCurrency without a blockchain
Normally when a new currency pops up it goes down the list and works its way up, but not this new giant cryptocurrency called IOTA that is viewed as a game changer in the world of internet of things.
Most intriguing part is that it doesn't run on blockchain like others before it.Who is trading this currency i wonder?
If you're one of those people who have dipped their feet into this currency please enlighten us about the prospects of this currency moving forward.
© CoinTelegraph
Step 1: create a ridiculous number of tokens
Step 2: trade a small number of tokens semi-privately in chat rooms for two years to create an inflated and artificial token price
Step 3: list on CMC at total number of tokens * artificial token price
Step 4: dump and profit
I think CMC should list by user accounts and transaction volume. Market cap is meaningless. Ripple? Good lord.
What stage of the bubble are we in again -- late or super-late?
Early. It only becomes bubbly if we reach beyond $10k this year, when comparing this to 2011/2013. See also: https://steemit.com/bitcoin/@wekkel/bitcoin-in-a-bubble-no-way
I wish I could believe that!
I'll have to reassess things after the hard fork.
Apparently no one understands the valuation behind it either:
IOTA Becomes Six-largest Currency by Market Cap yet no one can Explain its Value