IOTA – Withstanding The Storm

Dear IOTA Community,

we have already seen it all. FUD, misinformation, smear campaigns as well as personal attacks on members of the IOTA Foundation and our community. It is not neccessary to name those persons, they are well-known „academics“ and self-proclaimed experts. Driven by conflicts of interest & damaged egos they continue to spread false or misleading information. Unfortunately they decided to refuse every invitation for a civilized & academic dialouge with the IF. Instead they use every chance to attack IOTA. Meanwhile, IOTA legitimized itself as one of the most serious projects in the whole cryptospace. Nevertheless haters can be useful. Even though they often communicate an alleged finding in a rude and unacademic way, it helps strengthen the Tangle and all its components. Constructive criticism from inside & outside is a need to achieve our goals in a sustainable way – so credits to all IOTA-critics with an actual interest in a decent exchange of views!

Market Situation

The cryptospace and all involved projects are facing a much bigger „problem“ atm – the greatly feared Bear Market. Since the ATH in January 2018 the whole market „crashed“ 80-90% within 11 months.

Total Market Capitalization / Bear Market

You can witness a common behaviour reading through various subreddits, discord-channels and crypto-groups:

  • Panic & hysteria
  • Emotional outbursts
  • Irrational actions
  • Aggressive atmosphere

Unfortunately ~90% of the topics are revolving around one thing: PRICE! It is quite difficult to discuss developments or technical aspects in public forums without getting attacked verbally. News not pushing up the prices aren’t desired right now.  The masses focussing on money and not DLT anymore is a sad circumstance we have to deal with atm. But this behaviour won’t help to improve the public image of DLT and cryptocurrency at all.

But then there is IOTA and its community,

a bastion of calm! Except a few investors going nuts I have never seen a crypto community that strong and focused on getting shit done – still critical, but in a constructive way.  The vast majority realized IOTA is here to stay and not a „get rich quick“ sheme. Undoubtably, it takes years to fulfil the vision. But once you realize the possibilities IOTA enables for the Industrial Revolution 4.0, your focus might change completely. The keyword for success is adoption, pushed by an ecosystem full of motivated visionaries, politicians, industrials, developers, engineers, coders, bloggers, designers, various experts and other talented supporters.

CO-CHAIRMAN OF THE BOARD OF DIRECTORS & FOUNDER

The projects our community comes up with – powered by IOTA and the Tangle – are really amazing and show a high degree of intelligence and creativity. Listed below 3 examples for this statement (there are *many* more out there).

1) E-VOTING ON THE TANGLE


2) DELION:API

https://twitter.com/delion_io/status/1054317064238911489

3) FEED THE SHEEP


Inside the IOTA Foundation

While other projects are bleeding to death (with good reasons) members of the IOTA Foundation stay calm and focused on progress. Working hand in hand with industry, politics and society, a new era of trust and efficiency has begun. IF shows a lot of passion and professionalism while the (shit)storm continues! It is quite impressive how far the Foundation has come within a few years. And this is just the beginning of a long and exciting journey!

Progress made around November 2018 (Official announcements by IF)

Hirings

Bill Buchanan, Angelo Capossele, Dany Shaanan, Wolfgang Welz, Luigi Vigneri, William Sanders, Andreas Penzkofer, Anne Smith, Sadjy Sadjan, Andrew Brough, Luca Moser, Lukas Tassanyi

Partnerships

RIDDLE&CODE

eCl@ss

R & D

IOTA Client Libraries

Path to Coordicide Part 1, Part 2, Part 3, Part 4

Qubic Status Update

Announcements

IOTA Integration With Ledger Hardware Wallet

IOTA Research Council

IOTA Contest: The Perfect Brainstorm

IOTA Workplace Within High Mobility Platform


Conclusion

Undoubtably, money & emotions  correlate like fire & heat. Nevertheless it is of advantage to stay rational and focused on the most important task: Adoption. If you are invested in IOTA and you do believe in the feasibility of its vision, you have good reasons to stay calm in a bear market. This is not a sprint, but rather a marathon. Consistency wins the race and the IOTA Foundation is well prepared in the long run!

C.J.P


I am not doing this for money, but donations are always welcomed 🙂

IOTA donation address
QNKJBDH9B9TDXCFWZLUZCORYBTMKDPEVHWLQS9BZQLBHJGXRVSXFAZUNYUULVYN9MFOXRLXOVWTTVSMVXLGPKGB9SW

2 Gedanken zu „IOTA – Withstanding The Storm

  1. There is lot of conversation around the IOTA token as opposed to the Tangle. How is the IOTA team/Foundation addressing the potential token value or lack thereof?

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