3 ms·
On top of that, all of his technical issues with IOTA turned out, by his own admission, to be using the network wrong. Not understanding that buying 1,000s wort
by alttab 9y ago
On top of that, all of his technical issues with IOTA turned out, by his own admission, to be using the network wrong. Not understanding that buying 1,000s worth of an obscure cryptocurrency is going to come with a heafty dose of RTFM is a fool's errand. Instead of realizing this, the denial in him turns this into "victim blaming."
that said - he's right about IOTA. If that type of use is what it takes to make everything work, it has a long way to go.
- JonasJSchreiber 9y agoUsing it wrong...would you not try using it exactly as described with $28,000 depending on it? He raised extremely valid points about labeling this 'user error' but the 'correct' use case seems pretty kludge to me and highlights the crypto's shortfalls.
- sireat 9y agoThe scary thing is that IOTA is considered a top 10 cryptocurrency. The worst thing is that I can't find a useful alternative crypto currency that can be used stand alone (ie without converting to BTC) for e-commerce. Only choices are BTC with its high fees and to some extent BCH. Even Litecoin which is easy to use doesn't have many uses. Dash, Monero and Zcash make bold claims but aren't particularly useful at the moment.
- junk_f00d 9y agoHave you looked into any other DAG tech, besides IOTA? ByteBall and Raiblocks are excellent, functional and mature examples in my opinion that lack IOTA's downsides (likely because they are intended primarily for p2p payments, not IOTA's intended use case as m2m first, p2p second). In full disclosure, I own a little bit of both. I first stumbled upon them after being disappointed with IOTA, and they deliver on a lot of what my initial expectations of IOTA were. I just want to be able to buy coffee with my crypto and not wait an hour for confirmation times!
- scrollbar 9y agoI was just researching currencies with fastest transfer time and verified that Ripple works fast and with low fee. Curious if you've taken a look at it for your use case? I bought a small amount recently but am mostly just curious about which of these thousands of coins are actually useful for practical purposes.
- sireat 9y agoForgot to mention Ripple which is an interesting case with its mission to "The world’s only enterprise blockchain solution for global payments". However, searching for useful things to do with Ripple as an individual leads to nada. All the use cases are provisional. All the top 20 google results are for how to buy Ripple itself(in order to speculate). I've started and stopped mining various currencies since BTC in 2011. Each time I stop because I do not see meaningful progress in usability.
- mycall 9y ago> The world’s only enterprise blockchain solution for global payments Marketing speak there as all blockchains support global payments.