4 ms·

Amount of 'newbie investors' in IOTA and their over-zealous defence in any medium is scary. We've had Perl people, Python people, Ruby people and their argumen

Amount of 'newbie investors' in IOTA and their over-zealous defence in any medium is scary. We've had Perl people, Python people, Ruby people and their arguments but none of those invested their money in languages' success. This blockchain programming zeal mixed with investors trying to hype their currency is annoying and mildly scary.

DyslexicAtheist 9y ago
indeed very distracting! Becomes impossible to argue when everyone is so pumped by their possible financial ROI that they're blind to any criticism. And then there is the fanboys / evangelists who sign up to forums like this just for spreading their belief. Like mindless bots. The whole technology is fascinating but it's a pain for researching facts when half the community is biased the other half are morons.
- caruana 9y ago
  I know this will get down votes (but I'm generally a sarcastic guy so please take this in that spirit): if half are biased and half are morons what camp do you fall in? :)
  - DyslexicAtheist 9y ago
    You don't have to be part of the crypto-zoo. You can just stand on the side observing and shaking your head. Disclaimer: I personally don't gamble/speculate and therefore don't have any crypto currencies in my possession. (this argument is usually used by IOTA fanboys to discredit critics of their currency/ICO)
    - caruana 9y ago
      Standing on the side lines, indirectly referring to participants as animals (crypto-zoo), shaking your head from your percieved superior position, generalizing participation as gambling / speculating demonstrates you are squarely in the biased 50% camp. My Disclaimer: I have positions in several crypto projects (not IOTA specifically b/c I don't like some of the decisions they've made). I make no predictions as to which (if any) cryto projects will succeed but ultimately I think that the long term outlook is positive for a few. edit - typo
- nikuda 9y ago
  The reason for presence of fanboys in IOTA's case seems almost entirely a reaction to deliberate misinformation being spread about IOTA. In 24 hours, the price of IOTA tanked from a high of $5.50 to a low of around $3, beginning just after a vitriolic tweet brought up an old security vulnerability in the Tangle network that was discovered by an MIT lab. Of course, the tweet conveniently failed to mention that the vulnerability had since been removed and confirmed as such by the same lab. https://www.psychologytoday.com/blog/mind-in-the-machine/201712/how-fear-is-being-used-manipulate-cryptocurrency-markets https://www.psychologytoday.com/blog/mind-in-the-machine/201...
- fijter 9y ago
  It's not about being blind to criticism, it's about lies being told about a cool new technology in a thread about a cool project build on top of it. This complete comment thread has been taken over by a discussion about IOTA, about parts of IOTA that are not very relevant to this project, and the authors comments of the project who's here as well get snowed under due to this.
nikuda 9y ago
It's even worse when you realise a lot of them are kids, playing with manipulation tactics for quick "pump and dumps" on discord channels etc. Crypto in general is a madhouse.
- zaidf 9y ago
  Welcome to 1997. The ride is only starting.

DyslexicAtheist 9y ago

indeed very distracting! Becomes impossible to argue when everyone is so pumped by their possible financial ROI that they're blind to any criticism. And then there is the fanboys / evangelists who sign up to forums like this just for spreading their belief. Like mindless bots. The whole technology is fascinating but it's a pain for researching facts when half the community is biased the other half are morons.

caruana 9y ago
I know this will get down votes (but I'm generally a sarcastic guy so please take this in that spirit): if half are biased and half are morons what camp do you fall in? :)
- DyslexicAtheist 9y ago
  You don't have to be part of the crypto-zoo. You can just stand on the side observing and shaking your head. Disclaimer: I personally don't gamble/speculate and therefore don't have any crypto currencies in my possession. (this argument is usually used by IOTA fanboys to discredit critics of their currency/ICO)
  - caruana 9y ago
    Standing on the side lines, indirectly referring to participants as animals (crypto-zoo), shaking your head from your percieved superior position, generalizing participation as gambling / speculating demonstrates you are squarely in the biased 50% camp. My Disclaimer: I have positions in several crypto projects (not IOTA specifically b/c I don't like some of the decisions they've made). I make no predictions as to which (if any) cryto projects will succeed but ultimately I think that the long term outlook is positive for a few. edit - typo
nikuda 9y ago
The reason for presence of fanboys in IOTA's case seems almost entirely a reaction to deliberate misinformation being spread about IOTA. In 24 hours, the price of IOTA tanked from a high of $5.50 to a low of around $3, beginning just after a vitriolic tweet brought up an old security vulnerability in the Tangle network that was discovered by an MIT lab. Of course, the tweet conveniently failed to mention that the vulnerability had since been removed and confirmed as such by the same lab. https://www.psychologytoday.com/blog/mind-in-the-machine/201712/how-fear-is-being-used-manipulate-cryptocurrency-markets https://www.psychologytoday.com/blog/mind-in-the-machine/201...
fijter 9y ago
It's not about being blind to criticism, it's about lies being told about a cool new technology in a thread about a cool project build on top of it. This complete comment thread has been taken over by a discussion about IOTA, about parts of IOTA that are not very relevant to this project, and the authors comments of the project who's here as well get snowed under due to this.

nikuda 9y ago

It's even worse when you realise a lot of them are kids, playing with manipulation tactics for quick "pump and dumps" on discord channels etc. Crypto in general is a madhouse.

zaidf 9y ago
Welcome to 1997. The ride is only starting.