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IOTA actually has status as an NGO in Germany which gives them a lot of credibility (clout?) and therefore companies are intrigued to start deals, but as an ama

by sova 9y ago

IOTA actually has status as an NGO in Germany which gives them a lot of credibility (clout?) and therefore companies are intrigued to start deals, but as an amateur cryptographer I must say that having hash derivatives leaking through your hash function [which has been known for a long time actually with IOTA!] is not the way to make a bulletproof currency. Coverups sadly don't make the protocol more robust, either, but so many people have an [in]vested interest in IOTA being successful that it makes sense they want to minimize FUD and/or flaw pointing-out.

pimeys 9y ago
Don't take this as a source of truth, it's just my gut feeling, but: Germany is lacking behind in tech, and the country is putting lots of bets to their car industry, the Volkswagen scandal not helping there. Now there is this new thing called cryptocurrency and one of them comes from Berlin. I don't know is it just me, but it's not that hard to start speculating why these big German companies want to announce themselves to be working with a Germany-based cryptocurrency.
- sova 9y ago
  Eh, maybe, but I think IOTA has more to prove and more to gain by showing that they are associating with well established giants rather than the other way around. Besides, Switzerland is the place for Crypto now.
  - pimeys 9y ago
    Again just speculation, but could it be that these announcements are boosted by the IOTA folks? That the giants are not that much into the tech, IOTA just using the attention to boost their value? These guys are rich and I really doubt they'll do anything more than spend quality time in their Florida penthouse.
- Tomte 9y ago
  Germany is trailing in shiny stupid tech like the ICO-of-the-day, but it is still on the forefront of boring tech like automation, machinery, industrial robotics and much more. Guess why China is buying so many "Mittelstand" companies in these fields? Cars aren't everything.

by sova 9y ago

pimeys 9y ago

Don't take this as a source of truth, it's just my gut feeling, but: Germany is lacking behind in tech, and the country is putting lots of bets to their car industry, the Volkswagen scandal not helping there. Now there is this new thing called cryptocurrency and one of them comes from Berlin. I don't know is it just me, but it's not that hard to start speculating why these big German companies want to announce themselves to be working with a Germany-based cryptocurrency.

sova 9y ago
Eh, maybe, but I think IOTA has more to prove and more to gain by showing that they are associating with well established giants rather than the other way around. Besides, Switzerland is the place for Crypto now.
- pimeys 9y ago
  Again just speculation, but could it be that these announcements are boosted by the IOTA folks? That the giants are not that much into the tech, IOTA just using the attention to boost their value? These guys are rich and I really doubt they'll do anything more than spend quality time in their Florida penthouse.
Tomte 9y ago
Germany is trailing in shiny stupid tech like the ICO-of-the-day, but it is still on the forefront of boring tech like automation, machinery, industrial robotics and much more. Guess why China is buying so many "Mittelstand" companies in these fields? Cars aren't everything.