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IOTA is terrible. Terrible developers, terrible cryptography, broken consensus,

743 ratings | 26068 views
Richard Heart: Billionaire, blockchain thought leader, cryptocurrency investor, author, serial entrepreneur, Bitcoin OG http://BitcoinHEX.com 10% off: https://www.bitmex.com/register/EYT1vW Use VPN if USA signup not allowed. Discounts Below. http://CFDtoken.com 50% off lifetime VPN Discount code: heart https://torguard.net/aff.php?aff=4248 Margin Trading 10% off https://www.bitmex.com/register/EYT1vW Bitcoin, Ethereum & more up to 100x with no personal info. Instagram www.instagram.com/richardheartofficial Twitter http://twitter.com/RichardHeartWIN Telegram chats 5444 members: http://t.me/Strape http://t.me/StrapeCharts http://t.me/RichardHeartGifs Price calls http://t.me/RichardsCalls Discord chat https://discord.gg/gvyFnKu Charity http://SENS.org Youtube https://youtube.com/richardheart?sub_confirmation=1 My Book https://archive.org/details/SciViveBookOutline_201802 They have released a beta walled called trinity which can actually make it's own private key now...lol.
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Text Comments (472)
Anonymous (15 days ago)
Luis Pena (1 month ago)
This guy is awesome!
goma3 (1 month ago)
"Richard Heart: Billionaire" ROFL dream on. He's not even a millionaire.
ThickLikePeanutButta (1 month ago)
I see it... this guy is the combinarion of David Brent (uk office) and Ricky (Trailer Park Boys) I cant stop laughing What hes saying is irrelevant!
Dennis Nueva Ecija (1 month ago)
Either richard heart is absolutely correct, or he is the one who is an idiot.
Mike Hunt (1 month ago)
"There the worse" LOL
M Beliveau (1 month ago)
So stupid guy with attitude
evolval.com (2 months ago)
What Richard Heart think of nexus earth and qrl ?
Cryptos Cryptos (2 months ago)
that must be the ugliest suit in human history
Cryptos Cryptos (2 months ago)
he is just jaleous because he could never build yet think of something like that
willy wonka (2 months ago)
.. he's as stupid as they come with the biggest ego on the web. and has no technical knowledge.;
Alexander Sacco (2 months ago)
OH NO someone looked over my shoulder and memorised my 81 character seed.....
Nice (2 months ago)
He cleary dont like the project becouse of the creater...
K K (2 months ago)
smart money is in iota
Alex Sacco (2 months ago)
This guy is seriously dumb
Kimj247 (3 months ago)
I seriously thought this was satire! Holy Moly I'm no prude, but Man!, there should be a language warning before watching‼️😱
Rudolf Simon (3 months ago)
omg hahhahahahah terribly
AED NE (3 months ago)
IOTA it's the future of crypto like what was Bitcoin in 2009 if you can't see this you are blind
Kaine Leggett (4 months ago)
Nice suit, shit hair.
G Pach (4 months ago)
Just look at Coinmarketcap and see the prices of the top 30 coins. Where were they at this time last year, and where they are today. Now which ones are currently still seriously overvalued, and which ones are priced about the same as now? One major player seems to stand out as currently undervalued and a major bargain...IOTA. People FUD IOTA because it threatens their pot of gold.
G Pach (4 months ago)
Sure, IOTA is not immune to it's own fair share of Crypto drama fits and starts, but then again, what Crypto is immune from the immaturity of a nascent technology? Bye bye Blockchains, welcome to IOTA.
angelf50 , (4 months ago)
sounds about right iota is a p.o.s
Lennard Thijssen (4 months ago)
some people are too stupid to understand iota's technology. stupid suckers, 323 dislikes you talk about 5 years, and see where iota stands
Stoyan Denkov (5 months ago)
As soon as all these companies go into the shadows, I will be enjoying watching what you gonna do then :)
tubefish666 (5 months ago)
Iota founders: toxic personalities (at least 2 of them). Iota wallet: the worst wallet in the whole crypto industry. Iota tangle: not even beta quality. Cannot work without centralized "coordinator" (to prevent double spends). Iota folks better should concentrate on delivering a working base system than dreaming about world domination. Your sh*t currently doesn't work. And as it looks they even don't know how to repair this wreck of a tangle. All this "Welcome to the IOTA Foundation" promo BS doesn't make it a functioning crypto currency.
Thomas Groh (5 months ago)
Your a beast Richard, big ups man!!
Blaze (5 months ago)
HAHAHAHA u gotta love Richard
Utkarsh Anand (5 months ago)
You have to reattach all the time because of a design flaw in their system. Every time you transact, the remaining balance moves to a new address that is generated using your seed and what you described as “weird address generation mechanism”. Their systems are unable to keep a track of how many addresses you have generated or upto what address, you have some amount left. So you need to keep generating addresses manually. PS: Your private keys are generated using your seed, which is used to generate addresses. (seed -> private keys-> addresses, in all networks including IOTA). So in the IOTA network, the seed practically serves the purpose of private keys (since that’s what you’re using to generate private keys and access funds, in other networks, you directly use private keys and keep the seed only for restoring purposes, in case you uninstalled the wallet and lost your private keys). In other networks, if you ever noticed, when you create a wallet, you do get a long seed and the private keys generated by it is stored locally (in most cases). So yes, you could say that IOTA’s wallet is just an interface, but at least you have a seed. You could replace that seed with another password for logging in (at least in the wallet I designed, with a slight change in GUI code).
Michline Al (5 months ago)
To be honest, I bought some iota for quite sometimes, and by that owning it made me sensitive on their news and the things and work they are going to do, but.. it seems like they are really slacking. From this I realise, if you want to buy into crypto, please find a good hardworking team behind the crypto. Don’t just simply listen to anyone and buy it.
Karlis Cetras (5 months ago)
Richard is right. 5 hour long transaction time = piece of shit
Tibor Frei (5 months ago)
Hes the Dan Pena of Crypto.
RosinaldoLima _ (5 months ago)
My iotas was stolen from the f-wallet.
Travis Bell (5 months ago)
@Richard, totally agree Iota is not a solid investment as of yet (not until Coo is removed and Jinn allows every cpu to act as its own node, as Satoshi envisioned) but why not elaborate on the fact that the reason the "nodes" are out of sync is because Iota is intentionally NOT a global state consensus ledger. Is this not the the point of utilizing a probabilistic consensus algorithm (anchored by the Coo timestamps) v a deterministic (%reference valid tx in MCMC walk v 6 block finality)? Iota doesnt charge fees and uses a lightweight validation protocol because it is designed to be the settlement layer between global state consensus ledgers, no? Why not attack the tenets of their protocol rather than using ad hominem? Do you think the centralization of a trusted history is more risky than the threat of a 51% attack in the first week of a nascent blockchain with only a handful of actors? Im genuinely curious as to what you think, would appreciate a response as well as clarification if I am wrong on anything I stated/asked.
Mihran Hakobyan (5 months ago)
People say in the comments they "believe" Corporations instead of some Richard Heart. Seems wise. But REMEMBER: people who believed the banks, government and media not buying Bitcoin back in the days (and now sucking) are exactly the same people who will listen to Corporations. Richard Heart thinks on his own, thats why people like him succeed and you followers will always fail!
willy wonka (2 months ago)
i believe myself because i can code and do math . richard has no idea what he is talking about.. he's just mad on his own because he couldn't use a techsavy wallet :)
AZ Niteforce (5 months ago)
Ivan. ..looking pretty stupid. Top hedge funds have Zero iota holdings case closed.
AZ Niteforce (5 months ago)
Its another shit coin that wont be used!
Hard Target (5 months ago)
324 IOTA bag holders disliked this video xD
Artiom Lukianov (5 months ago)
Richard Heart is hilarious guy and he is right 100%. IOTA is bullshit
pipa man (5 months ago)
stolen seed now hey cries moron wanna sound even smart after
Tomas Av. (5 months ago)
Majeed Zoabi (5 months ago)
try Nano
Rauderce (5 months ago)
IOTA is really junk
Joshua (5 months ago)
Is this a re posted video? If so I think that Mandela effect shit is real and I'm in a alternate universe where this video is somewhat new.
raycab1 (5 months ago)
So what you are saying is that you actually lost none of your Iota? Got it. Thanks.
MB (5 months ago)
richard is a legend period
David Tran (5 months ago)
A lot of Iota supporters in the comments which is fine, but I have yet to see any of you address and counter Richard's criticisms. Instead you all just slate him, this is clear herd mentality and it puts me off Iota even more. I was a big supporter but with this reattaching issue it is clear to me that there is something fundamentally flawed about the whole project.
Thomas (5 months ago)
BitcoinR3 looks good, im in for the airdrop!
jihadnotthewar (5 months ago)
I still laugh my face off at this video
Lukas T (5 months ago)
yeah I just don‘t get it. Behind IOTA there seems to be an awful lot of amazing people, predominantly reasonable Germans who talk very down to earth about the whole thing. IOTA is long-term. Yet, experiments with cities etc seem promising. And I mean what other crypto has so much legit support from big ass companies? None. Also...the IOTA Trinity mobile wallet is still in beta, but works amazingly. It‘s gonna work!
Ibraheem-Mahdi Man (5 months ago)
You jack asses keep holding your shitIOTA. ZelCash is truly scalable. Listen to the founder discuss blockchain and crypto much better than the developers twice his age.
Henry Law (5 months ago)
Iota fans need some ice for such burn.
The General (5 months ago)
WTF, this interview is from last year
jt (5 months ago)
hes so angry
Axl N (5 months ago)
This is the funniest shit i've seen in a while !
Steven Lewis (5 months ago)
This is gold
David Percival (5 months ago)
Bad video
Aaron Jupp (5 months ago)
lol I love both these guys but feel SOOOOO bad ROGER, errr Richard is calling Ivan Doug. Ivan's a programmer Richard not a poker player. lay off the coke. That aside, 100% I wish more people would listen to the dude Richard is like the guy truth telling that people seem to ignore, just because he does it with a sledgehammer :D
holger lippmann (5 months ago)
such a flash harry!
Ant C (5 months ago)
It be great if you got a talk with Craig Wright please try
Mojo Crypto (5 months ago)
Bumps in the road are expected when tackling a project as big as IOTA. That said - keeping funds safe is the most important feature of every crypto that hopes to change the world. I like IOTA's ambitious vision and from what I can see they're making progress
Ivan Milošević (5 months ago)
On one side you have leading global IoT companies fascinated by the Tangle and its diverse applications in mobility, energy, healthcare etc. who unanimously agree that IOTA will very likely become the standard IoT platform. A passionate and brilliant team is devoted to IOTA 24/7, it is the only currency with executives from big companies (VW, Fujitsu) in their Supervisory Board. These people have devoted their lives to creating an innovative, paradigm-shifting technology that will likely outperform all other coins you are seeing on the market. On the other side, you have this idiot who is talking about the wallet. Imagine making investment decisions based on this nonsense. It’s a great time to be contrarian and make sound decisions based on real developments and applications.
Seppe Tank (5 months ago)
Richard knows everything. He can’t speak a sentence with any normal words other than foul language, but he knows everything. I can’t take people like that seriously. They sound like morons who have no vocabulary trying to make a point. That is just insane.
SR (5 months ago)
IOTA sucks monkey balls! Well spoken Richard.
GeroTon (5 months ago)
With all due respect if Iota is terrible what would you say about other coins? Iota gained more than most of coins and overnight it pumped bigger than other alts/usdt. In my mind if Iota is terrible then the whole crypto market is terrible and as you say joke. In conclusion how can we expect the crypro become more popular end the ETF go through?? By the way l heard to many fuckings...not cool!
Jimmy Durmody (5 months ago)
Just look at his clothes, chair and that stupid candlestick. It says it all. He is kinda guy that would make video where he claims to be part of Illuminati or some shit. He is professional con artist.
Moje Fotky (5 months ago)
This video is about half a year old, so old FUD washed up. If you see the the facts, that IOTA has been hiring TOP IT SPECIALISTS all over the world and is being explored by TOP WORLD INDUSTRY LEADERS then you can make your own sober opinion. Or you can believe this funny guy claiming his shit, but here again the facts are, he has been involved in scams in the past, just google his name.
Castorp Z. (5 months ago)
lol this dude has zero clue how crypto works, and he thinks he does. lol
Thomas Meier (5 months ago)
This was the feeling i got a couple of months ago when i looked in their forum, but its hilarious to hear it so well articulated...
Rakesh Lama (5 months ago)
Richard Hart you are a fu**ing joke.. Just please delete your channel.. does not have any fu****** clue..
Clemens Steinbauer (5 months ago)
Dude don't swear that much
John D (5 months ago)
Does idIOTA still exist?
Falk Mattern (5 months ago)
he called ivan doug
Laurens L (5 months ago)
just making FUD again... :-p
Laurens L (5 months ago)
poor Richard... believing in blockchain only.. and only specific ones... since when are you a expert? Being lucky does not mean that you are an expert :-)
willy wonka (5 months ago)
he is not even lucky ;) thats why he was crying when he was pumping bitcoin at 20k and lost a big amount of profits when it crashed.. maybe even made losses. .we don't know ;) i bet he margin longed the top and got rekt as all noobs do .
Stanislav Kubrak (5 months ago)
Unbelievable how stupid crypto "Billionaire" could be :) He just doesnt know how IOTA works.
Bigg Jeff (5 months ago)
Streamr is much better than iota
pipa man (5 months ago)
hahah i bet 100% his iota key got stolen and now hey is mad LOL
Chessknock (5 months ago)
User friendly interface and usage itself its just a matter time... iota is still developing... u cant download soft which is on Beta and be angry on how it works... if iota wouldnt have all those (temporary) problems iota would cost muuuuch more! So U just have to be happy that u r able to buy iota on such early stage... and u r wrong on 'potential' of it, it endless.
Christopher A (5 months ago)
Yesterday I did some more research and sold my whole bag of IOTA (and transferring them was not at all easy because I had to reattach my tangle about 4-5 times.) I must admit that it assuages my fragile little ego to see RH making arguments that support my decision for selling.
Here there (5 months ago)
Maybe before criticizing a crypto not look like a retired bounty hunter trying to start his moderately successfull poker career
Ben Troelstra (5 months ago)
He obviously knows NOTHING about consensus in distributed systems and cryptography
This he knows yeah. But DAGs are an area of research. Maybe in future their issues will be resolved. They have issues just as much as blockchain systems do. What this douche doesn't know is that one CAN imagine robust and decentralized DAG-based solution. But the assumptions needed for it to work are unlikely to be satisfied right now. Science is all about improving and fixing and perfecting... Maybe it rocks, maybe it sucks. If you don't know the odds why shit on a promising idea?
tubefish666 (5 months ago)
He knows enough to recognize that if you need a "coordinator" preventing double spends, your system needs an outside source to reach consensus and is not decentralized.
the bushmaster (5 months ago)
i don't think sam kinnison is funny at all
Veritas Liberabit (5 months ago)
Spot on!!
Victor Gomez (5 months ago)
Lol Ivan looks so shocked that u keep cussing hahaha
Roland Senn (5 months ago)
IOTA is shit still miss my stolen MIOTA.
Smooth Operator (5 months ago)
Now I'm fully convinced that I will never invest in this coin. Been buying IOTA last year on Binance, even then it had "suspended wallet". I downloaded their windows wallet and it felt like I'm in some video game from the early 90's. I'd never transfer my coins there.
Franz Fakka (5 months ago)
Aaaaand subbed
Pontus Andrén (5 months ago)
You didn't even mention Ivan, a little selfish mby :-( anway I love your lines. 2:57 haha Ivan could barely keep it together.
Databyter (5 months ago)
I love to watch Richard Heart. I hear people say don't listen to him he is rude and arrogant. I don't care. He is intelligent and speaks his mind. He may have agendas, bais, we all do, but he points out things that are facts. Do you own research, agree or disagree, listen to everybody. I do think he would be more effective if he would curtail the cussing. It is a bad habit, and one day he may agree, or not, but cussing to this extent is just filler, and counterproductive. On the other hand, I love the fact that he doesn't give a damn what other people think about it, and the fact that Ivan still respects his input enough to participate with him, and vica versa. I find it all very entertaining, and as an old school guy, I am reminded of a ranting Jane Curtain up against Dan Akroyd in "Point Counterpoint" in this exchange. Jane gives an emotional heart bleeding argument and Dan Akroyd famously obliterates it with his out of the box response, now made famous. https://youtu.be/c91XUyg9iWM
Coin Bros. (5 months ago)
Haha! Love your vids. Yah dumped all our Iota last year after a blockchain dev friend said a lot of the same stuff. Keep the interviews coming.
shawn barnes (5 months ago)
you can't even store iota on a hardware wallet for security!
John Charles (5 months ago)
Why are people even giving this con artist the time of day
Rick Shae (5 months ago)
Richard, tell us how you *really* think!
Ste Richards (5 months ago)
I usually respect and enjoy listening to Richard give well thought out polite and patient answers. This was horrible to watch. I assume he's angry over having a bad experience but this was terrible content to broadcast, whether it's truth or not
willy wonka (5 months ago)
the user experience is not easy with the old wallet , new wallet trinity fixes all of it
Zeus Sugi (5 months ago)
WOW, this saved me to invest in shitIOTA. thanks
Carlos Rodriguez (5 months ago)
jack black (5 months ago)
I really enjoy these video's.....Really Richard, I think you should jump off the fence and tell us exactly what you think...!!! I actually met someone 2 weeks ago still rambling on about how "bitconnect" was fantastic.....until the Government shut it down..??
Roland Fraunberger (5 months ago)
all smoke and mirror! Is it maybe just a list with names and famous brands? Analyse the company site and you will notice that it's just a template with serious UX problems and they even don't recognize it, otherwise they would have corrected them! The funniest thing is the 'HeroDownButtonAnchor' with no functionality :D The rest i can imagine...these guys are no professionals!
Heretic Lol (5 months ago)
some of you may disagree, but this guy is right. you can check IOTA's source code on Github, it's just shit. Their wallet has no fucking unit tests, and the code is junk. A project that reached at some point 10 billion dollars in market cap, with 0 wallet unit tests is a joke. Before investing in any project, check the Github repo. Even if you're not a developer, ask for someone you trust to do it for you, or at least check the Github activity. Stay safe out there.
TheMineDude (5 months ago)
Richard heart is a fucking joke of a clown

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