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They have released a beta walled called trinity which can actually make it's own private key now...lol.
IOTA is awesome from a mathematical perspective, unbounded transactions potential in parallel run on embedded micro POW. If it works it will be an example of a very efficient and very scalable implementation of POW consensus.
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.
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.
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.
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).
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.
@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.
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!
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.
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!
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
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
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.
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.
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!
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.
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 .
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.
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.
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?
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.
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.
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
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..??
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!
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.
Why such a hard-on to always at every opportunity to attack IOTA? You either care about it way too much for some reason (hence this clip cut from Ivan's interview 5/6 months ago and reposted here) or possibly have an ulterior motive. What's this mouthful of strung together hype jargon: Blockchain Enhanced Distributed Computational Fluid Dynamics Supercomputing Network ?
IOTA is nothing but a pump and dump , but I guess some people have not seen enough scams in their life to know, IOTA just uses a bunch of complicated jargon to use peoples intelligence against them, all that is needed is a lil common sense. Not to say you cant turn a profit on a scam if your timing is good tho.
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