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@LeFlawk haha their website does suck, and iot does have its risks but look at it from an economial poimt of view. IOTA is the first decentralized cryptocurrency that might actually work. This could end banks and revolutionalize how we view currency. right now, the price is really unstable and i think it is the time to invest and get involved. plus, the tangle is something that gets inherently better when more people use it. the tech is simply superior to blockchain and therefore bitcoin and anything following it.
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@Codex404 the only place to officially trade them, bitfinex, is not giving any accounts right now because they are upgrading their servers and stuff to handle the new demand. but you can buy them for ~300% of the value at ebay, which is overpriced, but i think it is worth it to invest a little money in this tech. it is not amazon or google or anything behind this, it is a network of users and if it will become big enough then there will be no government or corporate competitors with a chance. it will just be a neutral, distributed digital currency for everyone.
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It all makes sense now...
Alas... Bitcoin...
Guys check out IOTA, get a light node wallet and buy some as long as it is still low. It is rising at a rising rate since some hours now.
IOTA is the solution to bitcoins speed and scalability problems. IOTA does not use the blockchain but instead a network called the tangle, which enables decentralized peer-to-peer transactions. There are no miners, no fees and the transaction validation speed depends on how many people are using the currency. One transaction requires your device to validate 2 other transactions through proof of work and therefore the system can never be overloaded by too many transaction requests.
Be warned though, the IOTA foundation is only currently building up the infrastructure, and people are just starting to trade since a few weeks so trasactions still may take a few hours.
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crypto
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