RE: IOTA - The good, the Bad (and the Ugly)

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IOTA - The good, the Bad (and the Ugly)

in cryptocurrency •  7 years ago 

Good article, thanks for putting your points out there. I noticed the community is closed to skepticism as well. I'm hoping they are just in genius mode. I'm hodl.

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  ·  7 years ago (edited)

hehe, you'll probably be ok hodling, but it may just be more efficient to hodl an other token right now (Personally I've got a large part of my portfolio in ethereum and eos, still increasing my eos stake).

I think the openness of the community is really important for any crypto currency. I was involved with another much smaller alt recently and the attitude of the team was very similar to what you have described. It was a difficult time in the coins development and a lot of community members were asking for regular updates which the team refused to provide. In the case of the coin I followed it was almost like the team took an oppositional position out spite. I bailed at that point. The coin may still be a success but I would rather put my money where I can have some trust in the team behind the project.

Thanks got the article. I am only just starting to research Iota so this has given me some good food for thought.