IOTA caught in a lie, or did they just conveniently not clarify the truth about their Microsoft ties?
I personally never understood the allure of IOTA, or its tangle system for that matter, because frankly, it all seems to be based on pure speculation so far.
The Massachusetts Institute of Technology actually found substantial flaws in IOTA's code, and brought them to light in a rather peaceful way, which gave IOTA time to fix their shit, and then they just played it off as nothing.
In my personal opinion, I believe IOTA is a lot like Dash, where the technology is kind of meh, but their marketing teams are top notch, so in a sense, everything they do is just hype, but hype that's marketed in such a fantastic way, hence their high dollar valuations.
Then there's the no fee claim, something IOTA fan boys absolutely love to shout about, which to me just makes no sense at all.
If no fees exist to make transactions, how will they fund the network?
I don't know, it all just seems too fishy for me to get behind, what say you guys and girls?
The tangle may have some use cases in the future, but IMO is scalable at the cost of decentralization. So, from a blockchain perspective, it's a dead-end.
Ha ha, the whole point of blockchain is decentralization, so the fact that tangle doesn't have it, should automatically be a non-starter for anyone in my opinion.
The IOTA tangle technology is slow as hell, you mostly need to run a full node to get a transaction confirmation. If you use the light node, you can expect to wait forever!
Oh boy, I did not know that, but I was never going to use it anyway... I think it's a polished gimmick just waiting to be ousted.
I would say conveniently not clarify the truth
It definitely worked out in their favor, that's for sure!
Yeah, for sure.