IOTA

Discussion in 'Digital Currencies' started by leo25, Nov 14, 2017.

  1. southerncross

    southerncross Well-Known Member Silver Stacker

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    WoW! ,BB go's full Crypto huh. I find it really interesting that you have thrown so much effort behind Iota M8.
     
  2. dozerz

    dozerz Well-Known Member Silver Stacker

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  3. dozerz

    dozerz Well-Known Member Silver Stacker

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    i think you have missed the point, 1.9 says iot will use the internet, and not a private network. those building iot devices are looking at the cheapest price point and will not add extra cost to integrate into a private network or token. the quantum computing one is standard and has been criticised by many for being overly complex, many more will lose funds for this unnecessary complexity.
     
  4. dozerz

    dozerz Well-Known Member Silver Stacker

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    i should correct my point and say most iot manufacturers, its great that bosch and vw are planning to use the technology. the majority however are looking at the cheapest price point, this is simple business knowledge.

    i think ill stop posting in this thread offering an alternate view to the iota maximalist one, points are either categorised as "done before" or "garbage" no matter how well referenced they are. good luck for iota in the future.
     
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  5. leo25

    leo25 Well-Known Member Silver Stacker

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    Just to give this some perspective. Like 20 years ago all the car companies explored the "potential" of hydrogen fuel cell. Companies are always exploring new ideas, but 95% of the time they never become anything.
     
  6. leo25

    leo25 Well-Known Member Silver Stacker

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    You do realise hydrogen fuel cells are not experimental? The biggest issues was infrastructure to supply the liquid fuel and thus cost. So yes i would liken the two very tightly as the blockchain is not experimental either, but the logistics to use it on large scales is very problematic.
     
  7. leo25

    leo25 Well-Known Member Silver Stacker

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    If you think it would be a centralised system, then it will be their own proprietary system. Thus making IOTA irrelevant to them and to anyone HODLing IOTA tokens.
     
  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    AKA in theory as comparative advantage or the division of labour.

    As Adam Smith pointed out over 200 years ago when he was championing the rise of cryptocurrencies in the 1700’s :p, the division of labour ie the breaking down of large tasks into specialised roles leads to efficiency gains and economic growth. BMW et al can focus on what they do well, leaving IOTA to focus upon what it could possibly do well.
     
  9. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    You sure you don't work for IOTA, or are hoping to one day? :p
     
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  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    You should diversify in order to protect your investment. There are plenty of others that have the characteristics you have identified.
     
  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    You could look into OMG, NEO, XRP, there are many others.

    IOTA's claims regarding the increasing cost of bandwidth in the future is not borne out in reality.
     
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  12. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    The papers claims that price for bandwith will rise when it has steadily decreased year in year out for 20 years is also a joke.
    Also only mentioning POW coins when many are starting to lean towards pos.....:rolleyes:

    If their product was that good they wouldnt require a blatantly one dimensional view of things in this paper.

    I never picked you as the sort to put all your eggs in one basket BB, but why choose such a shitty looking basket?
     
    Last edited: May 4, 2018
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  13. leo25

    leo25 Well-Known Member Silver Stacker

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    Why would future standards (5G) be put under strain due to IoT devices? IoT devices normally only send out very small amounts of data, plus most will be connected to a physical line through a local wireless router.

    What clogged up old standards was voice calls that used a constant stream of bandwidth, but now they are very good at chopping up a calls into data time slots and allowing many calls to run on a single stream.

    5G is planned to run at VERY high frequencies (up to 50GHz range) which also means the signal distance will be very short, this short range will allow more targeted signaling and paired with MIMO, 5G will increase bandwidth at a mind boggling level. Note; 5G is not without it's issues, but bandwidth is not one of them.
     
    Last edited: May 4, 2018
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  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Your concept of "scope and vision" is entirely subjective so any suggestions would not meet whatever criteria by which you have assessed IOTA and found it to be superior to everything else. There are "visionary" projects out there and most have a narrow scope, and probably rather dull as a result, but they do so precisely because it makes good business sense to tackle known current problems now as opposed to what could be future problems that may actually never eventuate. As a result, they also make better investments now.
     
  15. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    I'm in this game to make money, and the one thing I've learnt is that the fundamentals only get you so far

    If you think IOTA will outperform every other crypto and make more money for you than any other crypto then go for it, but I think there are plenty of other ones that will perform much better

    Sentiment is huge in this space, and regardless of what charts and info you produce IOTA doesn't have great sentiment compared to many others, and I expect big money to be poured into many others before IOTA but that's just my 2c

    I'm not saying IOTA is a bad investment at all, you will clearly get a decent return but you've admitted yourself that you don't really know what else is out there and have put all your eggs into their basket. I would suggest you spend more time looking at sentiment and what others are following, or at least factoring that in, as opposed to being 100% tech driven

    In order to make real money in this game I think you need to be aware of what is going on in the entire market, and not get attached to any project at all. If building your knowledge base about IOTA and everything they do is what interests you the most then that's great, you clearly know a lot about the project, but I think you should really broaden your horizons and not get attached because it already is and will continue to cost you
     
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  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’ll go out on a limb with a token designed to solve a real, current problem as opposed to a problem that may never eventuate.

    THETA, currently 22c.
     
  17. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Actually scrap that, here’s a better one for your $$ - BTC. Currently $12747.43.
     
  18. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Well you said you entered at $1.20, $1.10 etc so I am assuming you are in the vicinity of 100-150% up overall

    And what I meant by that is that during that time from when it was $1.20 up to now $2.50 for example there are plenty of other coins which have had much greater returns than that, so that's what I meant by it costing you due to being 100% in just one

    You're not an idiot, I know that. In fact I admire the effort you've put into this - I'm just putting it out there that you should broaden your horizons etc :)
     
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  19. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    And the race is on!

    Theta to 34c USD or IOTA to $5 USD

    Who will get there first?!?!?!
     
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  20. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The chances of a basket of currencies outperforming a single asset like IOTA or any other is high. The crypto market is extremely volatile so it only takes one bit of FUD to cause the price of a single coin to crash. Conversely FOMO or rumour/news can drive an individual asset up above the market. Lisk is a good example of a coin that moved against the market over the past 3 months. It hit near all-time highs in the middle of the bear rout but has failed to capture as much market attention since.

    Rather than an ETF in cryptos, you can easily do it yourself with a basket of 5 -10 coins. Depending upon your investment goals, a safe diversified portfolio would contain about 70% top market caps, 20% small-medium market cap coins and maybe a speculator or two such as an ICO or a coin you’re mining yourself, spread across digital currencies, utility tokens and tokenised securities.

    So it may look like: BTC, ETH, EOS, NANO, XMR, BNB, ZIL, POWR and MINTS.

    Like all other markets as you know, the advantage that a diversified folio has over a folio over-weighted in one or two assets is that it is able to ride out the market volatility of individual assets more successfully. The other thing too is that there is no such thing as "the best" crypto-currency. For example depending upon your investment strategy/goals, BTC is a far better investment than IOTA.
     

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