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I'm not an expert on IOTA, but I've certainly looked into it and get the basic idea of what they're trying to achieve...
Here are few thoughts (please don't rely on this information as investing advice!):
- Because IOTA is attempting to replace some core parts of blockchain, there's a lot of inherent risk involved for the company. Will the technology be adopted more broadly? Or not? If so, they could be a big winner. If not, they could fade into oblivion.
- I kinda look at IOTA like I did Tevo when digital video recording technology for television came out. Great idea, lots of backing behind it, likely to revolutionize part/all of the industry, BUT...was it THE company that would succeed in the space, or would it just be innovating a technology that other companies would rip off and ultimately make the big money off of. Turns out Tevo was a pioneer, but the company wasn't what I'd call successful. IOTA could end up in the same situation, though it's also possible that they could be the winner in the space as well (if there is a winner in the space).
- IOTA's market cap right now is over $2B. I just checked and they are #6 in on the list of highest crypto market caps -- and #3 for non-BTC or ETH coins. That's a pretty high market cap, so much of the excitement of the company is likely already priced in. At this point, there probably isn't a lot of money to be made off irrational investors...any profits would be derived from the company actually creating great products and technology.
- I personally like the management team. They've been in the space for 6+ years, and have been working on IOTA for at least two years now. They are a non-profit and are getting support from the German government (these could be good or bad things), and are clearly vested in the success of the technology, not just getting rich.
- I personally like the technology, though it has some downsides. If it's successful, it probably wouldn't be difficult for a company like Apple or Microsoft to rip off. There is the fungibility issue that is inherent in several coins. There are potential security issues. Etc... Ultimately, the devil is in the details, and whether the team can fulfill all their promises will be a big determining factor in whether the technology is successful.
Anyway, those are my basic thoughts. I own some IOTA, but not a ton. More of a fear of missing out should it go to a $50B market cap one day, like BTC and ETH...![]()
Your thoughts are much appreciated, sir.
Do you have a little something in EOS as well? It sounds like it could be something very similar, but I currently stay away because their t&c make me feel like I am better off playing bingo.
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