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RE: Is IOTA the oil of the 21st century?
I have recently read into this blockchain approach and the more I read, the more enthusiastic I become. There is ample CPU power in this world and the idea of combining payor and payee with the miners is a brilliant approach to the scaling problems that other blockchains have.
What captures the mind the most: no fees. You can literally take one IOTA and send it around the world for eternity, all the time and as many times as you want.
- It won't disappear
- It won't be eaten by fees
- It will be one of the 2,779,530,283,277,761 IOTA's in existence, so this is absolute mini micro payment capability
Fascinating to see that we are getting around scaling issues of blockchains. I hope IOTA will survive the test of time (hackers trying to game this system) so that security of this blockchain is confirmed.