Is IOTA Coin a Sleeping Giant?

in crypto-news •  7 years ago 


Today I want to talk about IOTA coin. Is IOTA a sleeping giant?

The Internet of Things IOT is next layer of the internet where devices and machines can interact with one another without the need of human intervention. IOTA uses a technology different from blockchain called "The Tangle". The Tangle promises to be have no fees and to be more efficient than blockchain technology. While it's not clear if the Tangle tech is better than blockchain, IOTA coin is positioning itself to be the industry standard for the IOT. If successful, the value of IOTA might surge.

What do you think? Leave a comment below.

Start mining Bitcoin and Ethereum

Join Genesis now! Earn Bitcoin and Ethereum daily!
Use promo code zM3Ejh and get a 3% discount:
https://www.genesis-mining.com/a/836035

Follow me on
https://steemit.com/@champagnecrypto

Get 25% off Cryptopay. The best Bitcoin debit card
https://cryptopay.me/join/6eb8b3f2

Indacoin a fast way to buy Bitcoin Ethereum with debit card
https://indacoin.com/change?discount=42127

BitBay. Exchange BTC and LTC with no verification.
https://affiliate.bitbay.net/98463

Paxful a site to buy sell Bitcoin https://paxful.com/roots/buy-bitcoin?affiliate=RGzYvqwndAL

Books to read:

Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
http://amzn.to/2si6AFn

Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations
http://amzn.to/2qEUvsT

Bitcoin: What You Need To Know About The Cryptocurrency
http://amzn.to/2rtByfW

Donate Bitcoin (BTC):
1Ef8Dymfdxb9qVfRevqzGQGFCPRr4nFG5r

Donate Ethereum (ETH):
0x3A30BE23b9B2A7c4F59bBBf4B54eF166329c8ddF

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

The only thing wrong about iota is the massive number of coins.

for the network to work, it has to have a massive amount of coins.

I think Iota only has about 33% more "coins" than Bitcoin. It's better to think of an Iota as on the same magnitude as a satoshi (not exactly though).

agreed

Thanks for the breakdown CC, I'm still on the fence but definitely interested. Will be interesting to see what happens w/this one.

I certainly feel that IOTA is an interesting piece of tech. It's at a price now where a small investment could have a huge return in a couple of years. I think it's worth considering a bit more.

If you ever wanna talk crypto hit me up @jhcooper7

Bought a few MIOTS just as they came out on Bitrex then got SAVAGED by whales dumping. Learned a valuable lesson though so it's all cool. Maybe one day it'll BOOM!! X

I disagree a bit. Circulating Supply is way high. If it does take off, it will take some time. But this article shows it might be good news.

https://steemit.com/cryptocurrency/@jrose1010/bitcoin-dominance-chart-and-analysis

Valid point. Thanks for you reply. You're not the only one questioning supply but don't neglect that at some point large amounts of inexpensive disposable devices could be connected to the IOT.

Wayyy over-priced for now but I've got my eye on DAG's long-term, however. No fees blockchain-less, blockchains will eventually win.

Maybe in about 50 years this coin will be booming pretty sure by then IOTA will take over the planet I will be dead by then.

It is a interesting idea but I am very skeptical of IOTA clients getting installed on IOT devices in enough numbers to sustain the network

I most likely going to be invest some into iota. Thanks

I hope it is!

yep

IOTA maybe a sleeping giant, but I have a feeling that it's not going to awaken for many months if not years.

I tried to install IOTA on a Raspberry Pi but I couldn't quite figure it out. I think IOTA needs some more development/clarity but the concept is solid, it's unique and so it should have a much better shot at success than most of the vapid overpriced ICOs.

I admit I had trouble installing the IOTA desktop wallet but the mobile version works fine.

YES

I sure hope so, because I am all in on IOTA. Didn't even panic sell when it went from 55 cents to 36 cents.

This post received a 4.8% upvote from @randowhale thanks to @champagnecrypto! For more information, click here!

Its a booming coin in my mind - I like the fact that its an independant opensource system to manage the internet of things rather than use clsoed source systems provided by Google, Apple etc

Resteemed, upvoted and shouting out to Satoshi's big cousin! Keep up the good work, brah.

Holding for super long term. This can be huge when independent developers start using it. I already see programmers starting to play with it. There IOTA based exchanges in the works. Trading without fees!

I think it is a sleeping giant, who is wakin up a little in the last few days. I think next year should hit 50 $ , but yeah the only bad thing is that it has so big number of coins.
Anyway, nice post and keep writing! You have new follower!