IOTA. ZERO FEES. PROVEN CONCEPT.

in bitfinex •  7 years ago  (edited)

I've been in the cryptospace for several years now.. look. Bitcoin- yes it is the reserve and the undying.. too big to kill too big to fail.. I get it. I've seen it survive everything. This isn't about killing Bitcoin..
The point I'm trying to make with mentioning Bitcoin is that it's a Dinosaur. even with segwit... and bigger blocks and scaling improvements... still a dinosaur.
compared to IOTA.
IOTA.. not just a theory.
It's literally using this thing they call the TANGLE to enable transactions for NO FEE.
(now.. exchanges will charge a fee to transact IOTA's but that's the exchange - not IOTA)..
this will catch on.
the value here is insurmountable.
about value.
now.... TenX has some cool value..
but the value they're bringing to the table is not the TenX coin.... TenX coin has been inflated.
But do we really need TenX coin to take advantage of their super cool CRYPTO CREDIT CARD?
..I'm not sure, but if I had to guess I'd say no.

now.. IOTA... the coin.... IS THE VALUE.
you see the difference? (that's why I mentioned TenX there..feel free to prove me wrong on that value thing in comments - I love the input)..

Not trying to hype up IOTA... I think the hype is already there...
not my fault if you're not already aware of this IOTA stuff.. but even if you're learning about it now.

so I was just in a conversation with someone about IOTA ... they didn't know what it was.
but when I got done explaining it...
their response was... " and it's only $0.68 cents!? "

well yeah it like just launched not long ago.
this coin is moving fast... I would never say place all your eggs in one basket.. too many coins have had a lot of hype and turned the other way... or bad news.. or well you know the drill if you've been in this space.

But long term?
Yeah I think IOTA definately has the POTENTIAL.
to be... A GAME CHANGER.
maybe not in the "smart contracts" space...
but may dominate the space of "micro transactions"

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you are right

I bought 1000 IOTA at 0.39 USD. Thats not much, but enough to let it "sleep" in a wallet for a couple of years. IOTA has a huge potential, but I also see that many organisations will prefer their own protocol to make profits from that.

not to mention IOTA first mover on Tangle project..

I think you are right about the IOTA potential. And also right when you mention that TenX is way off the charts in valuation - the project is great but 500M Market Cap? Another example of the irrationality in the crypto market.

You make a giant point with the tenX coin which is all hyped up because​ of their credit card. Individuals holding the coin will get a percentage of the profits from the card use, but it's a bit over valued currently. Keep of the investigative reporting!!!!