Classical future tech promises in the distant future. Never deliver shit. These faggots pulled this off with the ternary processors startup on the hardware level with JINN and soft exit scammed. We all fell for the software scam IOTA that in 5 years will still be 5 years away on training wheels.
Every fucking thing in crypto is a scam. Especially these bullshit projects with hype like IOTA and Ripple.
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bitcoin maximalist here. get fucked shitcoiner we warned you. hope you lost a lot of money
By far the most damning piece of evidence of the IOTA scam is the token confiscation scheme they used to drain the market of tokens, but hardly anybody understands or remembers it. You people think it's normal for a crypto project to have the ability to wipe or credit accounts however they please.
In hindsight the confusion they seeded looks brilliant because it should so obviously have been a scandal but nobody really got it.
As a Bitcoin maximalist i don't really give a fuck.
Why you go and crying on the Taiwanese bamboo polishing forum.
Smart refugee cities didn't set off alarm bells for you? Not gonna make it bud.
What the fuck is this?
...and this?
fuck. swear to god, why is every fucking thing a scam. I thought I avoided scams when I avoided chink projects
Unironically btc/iota/xmr are the only useful things in this entire space
Look at "reclaims".
On various occasions they used "snapshot" events to confiscate massive amounts of IOTA tokens (think double-digit percentages of the circulating supply).
Obviously they gave some nice-sounding explanation each time, typically involving "bugs" in the system, but it just isn't credible.
They offered ways to "reclaim" those confiscated tokens but some people will never notice what happened or lost their keys or failed at some other hurdle posed by the reclaim process, so a lot of tokens remained out of circulation.
Even if they had paid back every single token eventually, which so far hasn't happened, the price was still manipulated for a while by the lowered supply.
You'll also notice that the IOTA trading volume is much lower than for most other coins in their market cap ballpark, I bet it reflects a huge disconnect between the claimed circulating supply and the actual circulating supply after all of those confiscations.
They had a few other mechanisms to confuse people, like the old wallet conditioning to think that it's normal for a balance to drop to 0 and is just a little display problem that doesn't affect funds.
>Classical future tech promises in the distant future.
You mean like a certain blockchain which recently had its 10th anniversary and still doesnt work properly?
What’s it like having a room temperature iq?