RE: IOTA has partnered up with over 20 companies like Inc., Microsoft, and Fujitsu. Does that mean companies are preferring the potential of tangle and IOTA over blockchain?

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IOTA has partnered up with over 20 companies like Inc., Microsoft, and Fujitsu. Does that mean companies are preferring the potential of tangle and IOTA over blockchain?

in cryptocurreny •  7 years ago 

Interesting technology. I do have a small issue with it though.

The only way to get IOTA would be to purchase it with Fiat. That means a direct currency exchange. There is no way to 'earn' it like you would with a Blockchain technology.

Shouldn't all transactions incur a fee of some sort to keep the flow of currency moving? Otherwise there is no balance.

I'm all for freedom and decentralization, but there has to be a balance to ensure that currency continues to flow around the system and not hoarded by a few purse holders.

If a purse holder only spends a small amount, and a fee is charged, then that fee gets put back into circulation. This means a purse holder can't completely dominate the market.

Does that make sense?

cryptocurreny
7 years ago by

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