Hi,
I just noticed that in cyptocurrencies market capitalization table (https://coinmarketcap.com/all/views/all/) new cryptocurrency IOTA appeared.
This currency immediately took 6th position in mentioned table.
I read about this cryptocurrency and want to share some thoughts about it.
First - it is stated that IOTA is not inflationary. Supply of this coin is expected to stay the same forever.
Second - it is stated that there will not be any transaction fees, that means that even very small transactions might be executed without paying any fees thus there might be a lot of transactions.
Third - IOTA aims to facilitate expansion Internet of Things area. (I guess name of coin is related with Internet of Things definition). As machine-to-machine communication is expanding in tremendous paces such aiming of resources trading facilitating coin might be of good value.
Based on thoughts presented above I think this coin has good potential to grow. Actually many of coin related resources presently is still in beta versions development is ongoing.
And I just wonder if new coins starts trading and takes such relatively big stake of cryptocurrencies market capitalization (thus Bitcoin dominance gets down quickly) where is a limit for crypto expansion. I think it is quite far away at the moment...
Best regards,
rokasltu
One thing which holds we away from this IOTA is this - is this premined coin? How many persons (10? 50?100 ?) own this 1660 mln USD wealth? Would not be surprised that 95% of this wealth is shared by few dozens of people.
Prove me I am wrong.
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Appears to have been in the works since October 2015, but still very impressive to jump up to a nearly $2bn market cap almost overnight.
Will we see a dump??
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