4 ms·
While IOTA is not anywhere near production ready, it is important to realize that the value of IOTA is based on the expected value of utility that the tangle pr
by nuttycoin 9y ago
While IOTA is not anywhere near production ready, it is important to realize that the value of IOTA is based on the expected value of utility that the tangle provides. This form of valuation is not unique to IOTA; it applies to all cryptocurrencies (and assets like growth stocks, for that matter). For this reason, IOTA's current user experience is not of the utmost importance. The author seems to think otherwise.
It is clear to me that the author has an inclination to portray IOTA in a negative light, and that he does not understand how IOTA works. It will take time for the tangle to grow to the level that the IOTA foundation envisions, and it does not take a genius to realize that fact.
People in this thread are mocking those who call articles like this one FUD, but that's simply what it is. Nothing about this article supports the argument that IOTA will not be able to be used for IoT in the future.