IOTUSD
FORGET RIPPLE: IOTA TANGLE BASED, USD PEGGED CRYPTO FOR BANKS!
Here is a potential game changing concept. There is tremendous hype with Ripple and it was an amazing speculative play, but I believe that will be short lived when financial institutions discover a better option.
THE BETTER OPTION - A USD PEGGED CRYPTO.
A huge problem for financial institutions for using Ripple or other cryptos is the massive fluctuation in values due to speculation and the fees involved (aside from blochchain's limitations). I believe the answer to this is a pegged crypto. This would be bad news for Ripple but good news for financial institutions and consumers.
1. IOTA Tangle. Solves all the issues with blockchain technology, almost free to use.
2. USD PEGGED CRYPTO. Create a new Tangle based crypto that is pegged to the USD (or something else). This would have none of the massive fluctuation issues of Ripple (or other cryptos).
The microscopic usage fees for hundreds of billions to trillions worth of transactions daily would add up considerably but barely be perceptible to users.
A post from LinkedIn.
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Quick note. Thank you for the comment and I think maybe more of an explanation. I did think when banks get involved that some soft of micro fee would be needed (still a fraction of XRP) and that this would need to a separate coin from IOTA but that IOTA holders would benefit from it. Everyone should write the IOTA foundation and ask them to do it. They are brilliant highly educated and hyper focused, but maybe don't understand how important it is to stay relevant (or maybe they do). By creating a Ripple and Ethereum killer, IOTA would gain a marketcap at least equivalent to them. It's a far better tech and they addressed the false allegations in the MIT name using article (not really MIT and suspicious motivation for article).
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Reason for drop was CoinMarketCap move. Some people took it the wrong way and induced selling. It was actually a positive move to keep prices/data honest.
'"The exact reason for pulling the data isn't clear at this time, though as of press time Bithumb is offline because of what the exchange says is a server check. And prices on those exchanges have consistently traded far above the rest of the market, such as the more than $5,000 spread spread compared to markets like Bitfinex and GDAX.
Further, commentators like Ripple chief cryptographer David Schwartz, who tweeted out about the move, said the newly-reflected price is "more accurate and meaningful."'
www.coindesk.com/the...one-data-adjustment/
'"The exact reason for pulling the data isn't clear at this time, though as of press time Bithumb is offline because of what the exchange says is a server check. And prices on those exchanges have consistently traded far above the rest of the market, such as the more than $5,000 spread spread compared to markets like Bitfinex and GDAX.
Further, commentators like Ripple chief cryptographer David Schwartz, who tweeted out about the move, said the newly-reflected price is "more accurate and meaningful."'
www.coindesk.com/the...one-data-adjustment/
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I'll make a pretty huge but accurate assumption (if that makes sense) that stop losses were hit and bigger money help that process along with new short positions during the fall. That was probably some of the easiest money to be made in that manner. If you're a trader, that was a great opp but for holders, painful.
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ust to address all the false or suspicious news out there. Bosch is in for the long haul with IOTA (huge German company) and IOTA is finally battling the false allegations, so things are positive. They have the money now to hire a strong management team etc.
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Ok, they really need an edit for Ideas/comments, aside from the first. Quick posting makes for wonderful errors ;) At least it's not autocorrect!
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Possible headwinds in the general space if Bitcoin makes another bear move. You might want to sit in some cash, watch what happens. This is where the technical experts come in. I've learned to make sure margin is available and hope I'm awake on the big drops, to ride the downturn and the little bounce...if possible.
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IOTA is a longer term prospect and I'm hoping the create a Ripple/Ethereum competitor. But in the meantime, looking for other solid plays in this space. I think I've found them, will update in a few days on it. For now, only a day left with the SwissBorg ICO and they seem to have a great concept/solution. I can see 10x-100x IF they market sees the real business potential in it, not just hype like the others plays.
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Actually now I can see a 10x-1000x for SwissBorg IF they take off with the fund community. They are only around $0.10 in the ICO.
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I believe in IOTA for the potential, if they get their long term management thinking business and not just foundation. They have the technology to leapfrog blockchain and with Bosch on board as a big investor, a lot of potential. For the near term, I'm allocating some funds to ICOs that have better business plans (like SwissBorg). IOTA, like most cryptos are not for the faint of heart and must be watched closely for trading or just hold for long term. Don't put in more than you're willing to lose. I get excited about the ones I am in but doesn't mean that they will succeed (even if it seems logical). Always do your own 'DD'.
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The only tech biz in this space that may be a better bet than IOTA is Hashgraph.
They don't have a coin or ICO yet, but if they ever do, I think that would be it. If their Harvard lectures put you to sleep, you know they have to be good ;)
hashgraph.com/
www.swirlds.com/
Something to keep watch on for the future, if they ever come out with an ICO.
They don't have a coin or ICO yet, but if they ever do, I think that would be it. If their Harvard lectures put you to sleep, you know they have to be good ;)
hashgraph.com/
www.swirlds.com/
Something to keep watch on for the future, if they ever come out with an ICO.
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I wish the comment box wasn't right under the Update idea! It's going to take me a while...
It's painful to see the general space go down, must manage along with goals. Are you a trader but still long IOTA or are you willing to take the pain of being a long term holder during these big dips. 2018 will be a critical year as the limelight is on cryptos worldwide. We need to find the best of breed and stick with it. 99% will probably fail, but there will be some strong players emerging. See my other post that is trying to find them.
It's painful to see the general space go down, must manage along with goals. Are you a trader but still long IOTA or are you willing to take the pain of being a long term holder during these big dips. 2018 will be a critical year as the limelight is on cryptos worldwide. We need to find the best of breed and stick with it. 99% will probably fail, but there will be some strong players emerging. See my other post that is trying to find them.
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The previous chart was for: CRYPTOSTARS: FILTERING THE 1% THAT WILL SURVIVE BUBBLE BURSTING