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6999237 No.6999237 [Reply] [Original]

Is IOTA just one big confidence trick?

>> No.6999441

>>6999237
>confidence tric
xplain

>> No.6999476

No, but they're trying new things and it's still very early, they haven't delivered much yet. I bought in way too early (or late depending on how you view it) but I'm keeping it, I think it's just a matter of time with this one, you have to think longer term.

>> No.6999496

Yes, it is a very professional confidence trick from experienced scammers
IOTA resembles Nxt very much, follows same scam pattern - very big promises, hype, beating around how great developers and product is, beating it up really much. From same scammer, CfB.

See an example, claiming that Nxt was "first full proof-of-stake", it was Peercoin. This lie was on IOTA subreddit for a long time.

>> No.6999730

>>6999476
It's performing pretty badly right now though, I don't see anything stopping it from sliding below $2

>>6999441
Look up MIT IOTA

>>6999496
Do you have anything solid to back this up with?

>> No.7000165

Too much bullshit dev hypes. Back in June they said alot of top 50 fortune 500 already used IOTA but has still not yet been described what he meant or what it was. Cisco is one of them confirmed fake. In June they said iota is used by Cisco and in December Cisco said they Never have not any plan to use it.

Debunked shit . Wallet promised in july/August still nothing.
Transactions take forever to send and you need to babysit the transaction to "rebroadcast" it all the time.

>> No.7000257
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7000257

>>7000165
This seems like a solid argument. I didn't know that about Cisco, though.

I sold mine at $3.50 and have been on the fence about buying back now that it's about $2.50. I can't shake the bad feeling I have about it, though.

>> No.7000289

>>6999730
the post by MIT was thrown back in their face..

>> No.7000529

>>7000289
[by who?]
[citation_needed]

I can't believe we're on a board talking about a multi billion dollar market