1/ The journey of @iota [MONSTER THREAD] - From the top 5 token to the top 50 token and why it will at least get back into the top 5. 
2/ #IOTA was founded in 2015 with the aim and vision of developing a #DLT protocol in which people and machines, can communicate via data & value tx permissionless, feeless, efficient and with the least technical requirements -
With a high level of security, decentralization…
With a high level of security, decentralization…
3/ …and Scalability➡️blockchain trilemma.
They also wanted to develop their own #smartcontracts, #oracles, #identity solutions, etc.
At that time they already attracted the attention of the then much smaller #crypto community.
Why?
They also wanted to develop their own #smartcontracts, #oracles, #identity solutions, etc.
At that time they already attracted the attention of the then much smaller #crypto community.
Why?
4/ Because IOTA acted differently than the other projects, such as @Bitcoin, @ethereum , @Ripple , @CardanoStiftung , @litecoin , Dash etc.
IOTA said back then - we do everything differently than the #blockchain! Blockchain doesn't work for large-scale products.
IOTA said back then - we do everything differently than the #blockchain! Blockchain doesn't work for large-scale products.
5/ #blockchain is inefficient, expensive, cumbersome and can‘t solve many real world problems in industry.
Blockchain inevitably leads to centralization - regardless of which parameters are changed on it.
Blockchain inevitably leads to centralization - regardless of which parameters are changed on it.
6/ In this way, they received both the attention and hatred of researchers from other projects in the young cryptospace, who on the one hand felt threatened and on the other hand felt offended in their work, which for the most part still persists to this day.
7/ The crypto world has now looked at #IOTA to see whether they can follow their words and deeds (years 2015-17).
IOTA was now in a position where they wanted to do everything differently than the #Crypto mainstream.
IOTA was now in a position where they wanted to do everything differently than the #Crypto mainstream.
8/ #IOTA has formed its own DLT, the first #DAG (IOTA calls its system "Tangle"), which is fundamentally different from blockchain.
IOTA has used its own hash function instead of the hash function recognized in cryptospace.
IOTA has used its own hash function instead of the hash function recognized in cryptospace.
9/ IOTA built the first Tangle versions on a ternary basic instead of a binary one
(that was huge from a scientific point of view) and much more.
(that was huge from a scientific point of view) and much more.
10/ If you go a different path than the mainstream, you will discover positives and negatives, but above all, there is no one who has ever had these problems because you are the pioneer.
11/ Positive:
With these solutions (DAG, ternary etc.) #IOTA has not only received the attention of cryptospace, but also from #industry, governments and NGOs, because they thought: "Yes, #blockchain is junk.
With these solutions (DAG, ternary etc.) #IOTA has not only received the attention of cryptospace, but also from #industry, governments and NGOs, because they thought: "Yes, #blockchain is junk.
12/ It has good approaches for the industrial sector However, it is simply unsuitable for use. Let's listen to it."
At this time (summer to winter 2017) it emerged that industry giants such as @BoschGlobal , @VWGroup , @Fujitsu_Global , @ObjectMgmtGroup were very interested in
At this time (summer to winter 2017) it emerged that industry giants such as @BoschGlobal , @VWGroup , @Fujitsu_Global , @ObjectMgmtGroup were very interested in
13/ @iota technology.
Which made the hype about #IOTA even bigger, because by this time corporations had publicly distanced themselves from #DLT technology.
Which made the hype about #IOTA even bigger, because by this time corporations had publicly distanced themselves from #DLT technology.
14/ In addition, IOTA had founded a foundation in Germany in 2017, which was more than positive, as the foundation is subject to strict regulations and, like many other crypto projects, is not based in questionable places and tax havens such as the Cayman Islands, Malta,…
15/ …Singapore etc.
This has shown the #industry once again that this project is legitimate and that it is interested in true decentralization and finding solutions.
Negatives:
The situation was very dangerous for the drivers of the crypto-bubble.
This has shown the #industry once again that this project is legitimate and that it is interested in true decentralization and finding solutions.
Negatives:
The situation was very dangerous for the drivers of the crypto-bubble.
16/ There was a competitor here who not only says I'm doing better than you, but also completely different.
This competitor may make my work obsolete.
At this point in time, @iota was on @CoinMarketCap between 10th and 4th place!
This competitor may make my work obsolete.
At this point in time, @iota was on @CoinMarketCap between 10th and 4th place!
17/ When extremely questionable @MIT researchers said they had broken the IOTA #consensus, there was a great outcry in the crypto scene and the long, never-ending story of the #FUD against #IOTA began.
18/ At this point, IOTA was extremely impulsive and threatened to sue the MIT researchers for defamation because the MIT researchers had no evidence to support their allegations.
Instead of the crypto scene standing in front of IOTA - after all, they are a project of theirs.
Instead of the crypto scene standing in front of IOTA - after all, they are a project of theirs.
19/ A project that wants to advance decentralized solutions - They dropped IOTA.
The #crypto media and exchanges around the #DCG have twisted the story and said "IOTA threatens researchers".
The next #FUD had started.
The #crypto media and exchanges around the #DCG have twisted the story and said "IOTA threatens researchers".
The next #FUD had started.
20/ In the end, it turned out that the #MIT researchers were working on a competing product from #IOTA and it was a made up story.
These researchers were for sale and lying!!!
A second thing came out, however, namely that the specially created hash function had a small bug.
These researchers were for sale and lying!!!
A second thing came out, however, namely that the specially created hash function had a small bug.
21/ The crypto mainstream around #Bitcoin, #Ethereum, #DCG and their media (@Cointelegraph etc.) and exchanges (@coinbase , @krakenfx etc.) have also thrown themselves at it instead of protecting IOTA in these disgusting acts.
22/ As mentioned briefly earlier, #IOTA has received the interest of many industrial companies and they have also entered into many partnerships, but the drivers of cryptospace could not say anything - until now, because now came the next FUD!
23/ @iota would have invented a partnership with @Microsoft - the big crypto media pounced on it again - but what had happened in reality?
A Microsoft employee announced publicly that they were experimenting with #Tangle technology and looking at it.
A Microsoft employee announced publicly that they were experimenting with #Tangle technology and looking at it.
24/ This employee spoke of a partner at @iota in this context - And they pounced on this statement and twisted it as if #IOTA had claimed Microsoft was a partner
(look for the articles and get an idea of how the crypto media reported).
(look for the articles and get an idea of how the crypto media reported).
25/ For these market participants, it was not about promoting decentralized solutions, but simply promoting their solutions - which contradicts the narrative of the open, decentralized ecosystem 100%.
26/ This #FUD series against IOTA came within a period of 3-6 months, which damaged the project massively, they were attacked on several levels and made small - their reputation, their credibility were scratched and still are to this day.
27/ As fate would have it, at this point in time (winter 2017-2018) the bubble burst and all cryptocurrencies had lost massively in value.
However, IOTA was particularly affected, as it lost even more value in percentage terms than other projects with the additional #FUD.
However, IOTA was particularly affected, as it lost even more value in percentage terms than other projects with the additional #FUD.
28/ On @CoinMarketCap they flew out of the top 20 and it got quieter around IOTA - ONLY in the cryptobubble.
It's the year 2018 and the suffering for #IOTA is not over.
Because it turns out that the current developments around the Tangle have led to a kind of dead end.
It's the year 2018 and the suffering for #IOTA is not over.
Because it turns out that the current developments around the Tangle have led to a kind of dead end.
29/ There were several problem areas for which IOTA first had to do research in order to find solutions.
In contrast to the then newly developed tokens, which simply copied #Ethereum & #Bitcoin, IOTA had the approach of fundamentally solving the problems of the #blockchain.
In contrast to the then newly developed tokens, which simply copied #Ethereum & #Bitcoin, IOTA had the approach of fundamentally solving the problems of the #blockchain.
30/ However, in order for them to be able to research the solutions (we remember, they are the pioneers of the #DAG), they had to set up a central authority, the #coordinator, who holds the network together or gives a line.
31/ However, the coordinator only applies to value transactions, data transactions remain decentralized.
32/ It was necessary to use a central authority, as there has not yet been any major basic research in DAG technology and IOTA had to protect real funds from real users (our community).
33/ It was clearly communicated from the start that the coordinator would be switched off as soon as all the necessary components of the Tangle have been developed.
34/ For the big crypto media from the #DCG and their errand boys in the cryptospace, however, this was again a hit to fudden IOTA - "IOTA is centralized."
35/ Now there was #FUD against allegedly false partnerships, against their decentralization, against their technology (hash function), against their appearance (they would threaten researchers).
#IOTA's reputation in the crypto scene was more than cracked.
#IOTA's reputation in the crypto scene was more than cracked.
36/ The industry in the form of consortia such as @ObjectMgmtGroup , whose CEO is still on the supervisory board of the IOTA Foundation, as well as other consortia @tmforumorg , @eClassStandard , @EclipseFdn @gs1 and governments such as the @EU_Commission , Germany and Japan
37/ are still convinced of the @iota technology, of their approaches, their members, the researchers and developers and approached the #IOTA Foundation with the words - “We need decentralized solutions! However, #blockchain doesn't solve our problems.
38/ It is technologically, economically and ecologically useless.
The idea with the ternary system is outstanding, but it is still too far ahead of our current infrastructure.
The idea with the ternary system is outstanding, but it is still too far ahead of our current infrastructure.
39/ In the industry we have requirements V, W, X, Y and Z and there is a lack of regulations and laws for DLTs.
Let's develop a #DLT that meets these requirements and that on a binary basis. And we take care of the legal and industrial framework ”.
Let's develop a #DLT that meets these requirements and that on a binary basis. And we take care of the legal and industrial framework ”.
40/ @IOTA got the order from the big players and some governments to develop a #DLT for our #industry40 and #society - in return, this technology will be standardized.
41/ Numerous partnerships between #IOTA and industrial companies followed, EU regulatory organizations such as @INATBA_org were founded (IOTA consultant Julie Maupin is still on their executive committee to this day) as well as giant projects such as the #EBSI of the…
42/ … @EU_Commission were launched, in which a DLT to be chosen for the entire EU (project end of 2022).
There are now over 375 patents in which IOTA is mentioned as well as numerous POCs, as well as first products in beta phase.
There are now over 375 patents in which IOTA is mentioned as well as numerous POCs, as well as first products in beta phase.
43/ We members of the crypto bubble have not received this information.
Why?
Because the big crypto media and exchanges - more or less - belong to very few organizations and they did not want to share this progress.
Why?
Because the big crypto media and exchanges - more or less - belong to very few organizations and they did not want to share this progress.
44/ However, they also knew that the current #blockchain projects can‘t solve real world problems and have made a change.
From 2018 it was no longer about researching decentralization, but more and more about "making money".
From 2018 it was no longer about researching decentralization, but more and more about "making money".
45/ #DeFi, Memecoins, #NFTs, numerous leverage products, staking etc. find their way into cryptospace.
Some are beneficial for the decentralized ecosystem, most things are not.
Some are beneficial for the decentralized ecosystem, most things are not.
46/ Because we as a #crypto community have lost our soul and the sense of what the development of DLTs was actually about.
An open, highly efficient, decentralized ecosystem in which every human and every machine can participate unconditionally and no party is excluded.
An open, highly efficient, decentralized ecosystem in which every human and every machine can participate unconditionally and no party is excluded.
47/ IOTA lost more and more attention in the cryptospace - first flew out of the top 20, then out of the top 30 and now they are on the border of the top 50 crypto currencies.
What has #IOTA been doing since 2018?
What has #IOTA been doing since 2018?
49/ @IOTA has also made a change in this process - not only from a technological point of view.
50/ IOTA has grown up - they have accepted that other projects have developed great solutions in individual areas (such as UTXO model, hash functions, etc.), even if they still believe that the #blockchain is useless overall.
51/ #IOTA no longer wanted to be against everything, but wanted to work on solutions with other projects.
That had not worked as well at this point, because IOTA had a difficult time in the cryptospace and they were very ridiculed.
But now it's getting exciting!
That had not worked as well at this point, because IOTA had a difficult time in the cryptospace and they were very ridiculed.
But now it's getting exciting!
52/ Very, very exciting!
We are jumping into the year 2021 - 3 years later.
We are jumping into the year 2021 - 3 years later.
53/ 3 years of development time for #IOTA to develop the vision of the best possible DLT, but also 3 years for the industrial consortia and governments to create very good framework conditions for the #DLT space.
And now it comes ...
@iota did it!
And now it comes ...
@iota did it!
54/ - peer reviewed research from the best research institutions on earth.
Most of the components are already in beta and can be admired in Devnet.
The question is no longer whether @IOTA will make it, but when #IOTA will integrate the developments into the mainnet.
Most of the components are already in beta and can be admired in Devnet.
The question is no longer whether @IOTA will make it, but when #IOTA will integrate the developments into the mainnet.
55/ In clear words:
@iota has managed to develop the most efficient, fastest, safest, most decentralized consensus mechanism that humanity is able to develop with our current level of knowledge -
the on tangle voting #OTV.
@iota has managed to develop the most efficient, fastest, safest, most decentralized consensus mechanism that humanity is able to develop with our current level of knowledge -
the on tangle voting #OTV.
56/ IOTA has developed a decentralized, permissionless DLT to which every participant has equal rights, in which data & value tx can be transferred feeless, while being scalable & efficient.
In which a node costs a few euros a month to operate and runs on the cheapest hardware.
In which a node costs a few euros a month to operate and runs on the cheapest hardware.
57/ A consensus mechanism that communicates passively with its nodes and can thus resolve conflicts in milliseconds.
With the most innovative protective mechanisms such as MANA, Congestion Control and much more.
With the most innovative protective mechanisms such as MANA, Congestion Control and much more.
58/ It is the solution our humanity has been waiting for, our governments, our economies.
This system will lift our society to a new level and provide us with business models that we couldn't even think of because #blockchain is simply not possible to achieve.
& that's not all.
This system will lift our society to a new level and provide us with business models that we couldn't even think of because #blockchain is simply not possible to achieve.
& that's not all.
59/ In contrast to most #blockchain projects, which can cover 1-2 use cases, IOTA has not only developed the most efficient DLT, but also the most advanced, versatile, efficient, scalable #smartcontracts solution that we have ever seen in our humanity, with features like:
60/ - Optional feeless smart contracts
- Scalable, through sharding
- first multi-asset framework EVER
- Native L1 Token & Colored Token
- Interoperable with multiple virtual machines including EVM
And that's not all.
- Scalable, through sharding
- first multi-asset framework EVER
- Native L1 Token & Colored Token
- Interoperable with multiple virtual machines including EVM
And that's not all.
61/ In addition to these groundbreaking developments, they have developed their own #Oracle solution that puts all other competitors in the shade.
62/ It is an industrial Oracle solution that is in the finalization phase through the @ProjectAlvarium with partners such as @Intel_DE , @DellTech , Linux, Arm and many other participants from the @EclipseFdn family.
63/ Oracles, who give data a value and evaluate whether it is usable or unusable data.
IOTA has developed its own digital identity solution #DID, which was built according to the @W3C standard and is compatible.
IOTA has developed its own digital identity solution #DID, which was built according to the @W3C standard and is compatible.
64/ There are many more products that no other cryptocurrency can cover, including IOTA Streams, IOTA Access, IOTA Stronghold, IOTA Chronicle (Permanodes) and many more.
Every single product actually deserves to be specifically discussed again.
Every single product actually deserves to be specifically discussed again.
65/ In short:
#IOTA can do what #blockchain can & MANY more.
We have to start thinking outside of blocks.
What are we waiting for?
All of the above solutions are already fully peer reviewed, most of the products are already, in alpha & beta phase and are about to be released.
#IOTA can do what #blockchain can & MANY more.
We have to start thinking outside of blocks.
What are we waiting for?
All of the above solutions are already fully peer reviewed, most of the products are already, in alpha & beta phase and are about to be released.
66/ Nothing can go wrong and we are on the verge of a revolution in the #crypto space.
But do we hear something about the biggest crypto media?
From the biggest exchanges?
But do we hear something about the biggest crypto media?
From the biggest exchanges?
67/ With the exception of @binance , #IOTA is not listed on any major exchanges - whether @coinbase , @krakenfx , @SBF_FTX and the vulture knows which others.
Ask yourself why they haven't listed #IOTA yet, even though they belong to the OGs of the crypto scene.
Ask yourself why they haven't listed #IOTA yet, even though they belong to the OGs of the crypto scene.
68/ Ask yourself why they prefer to list Memecoins instead of bringing us customers closer to the #DLT that will revolutionize the world and the crypto industry.
And you will find that our entire industry is in the hands of a few who do not approve of this development.
And you will find that our entire industry is in the hands of a few who do not approve of this development.
69/ It's about much, much more than individual crypto projects.
It is about preparing #society for an inevitable change on #earth and securing and strengthening it.
But for them it's about something else and that's the sad thing about it - it's about their personal profit.
It is about preparing #society for an inevitable change on #earth and securing and strengthening it.
But for them it's about something else and that's the sad thing about it - it's about their personal profit.
70/ But it doesn't matter whether the handlebars of the crypto scene push or fudden @IOTA, because now it's coming ...
71/ The industry and the governments DO NOT CARE, they approached IOTA 3-4 years ago and have been working quietly on the standardization of IOTA technology since then.
72/ They have developed PoCs and handed over public funds to @iota for research and development for several projects.
IOTA is part of the EU @CHAISE_EU Consortium, which is concerned with developing teaching content for our future students and programmers.
IOTA is part of the EU @CHAISE_EU Consortium, which is concerned with developing teaching content for our future students and programmers.
73/ #IOTA decides what will be in our textbooks.
IOTA is inevitable!
You don't believe me, get in touch with #DYOR! Google these terms and projects.
I'll attach a few screenshots to you.
But I don't want you to blindly believe me.
IOTA is inevitable!
You don't believe me, get in touch with #DYOR! Google these terms and projects.
I'll attach a few screenshots to you.
But I don't want you to blindly believe me.
74/ I want you to see for yourself what #IOTA and its partners are developing!
Check out their @github, all IOTA research is open source!
Be part of the inevitable future, start working with IOTA.
It's the only way to save our industry.
Check out their @github, all IOTA research is open source!
Be part of the inevitable future, start working with IOTA.
It's the only way to save our industry.
75/ IOTA offers the only possibility for projects in the DLT Space, so that your products can be used outside of the cryptobubble.
Even if not all products can be used in the mainnet yet, you can already rely on this technology now.
Even if not all products can be used in the mainnet yet, you can already rely on this technology now.
76/ It is no longer a question of whether, we must finally understand that!
And we are only a few steps from the release of the best DLT that humanity has ever seen and will ever see in the next few decades.
And we are only a few steps from the release of the best DLT that humanity has ever seen and will ever see in the next few decades.
77/ And a little review of the #EBSI (European Blockchain Services Infrastructure) project, which started in 2018 and is looking for a DLT that should apply to the entire EU.
Here @IOTA is the only DLT developer among the 7 finalists.
Here @IOTA is the only DLT developer among the 7 finalists.
78/ This project will end at the end of 2022 and we are currently seeing live how #IOTA will most likely become the official DLT for one of the largest economic powers on our planet!
It's time to look outside the cryptobubble!
It's time to look outside the cryptobubble!
79/ Look at IOTA and put pressure on the rulers of the cryptobubble so that people from all over the world get the chance to develop and use #IOTA.
They deny us this opportunity because they are afraid of their market power.
They deny us this opportunity because they are afraid of their market power.
80/ But it is not about market power, but about our future as a society, our environment and a fairer distribution of wealth!
The @iota foundation doesn't want to work against you, they want to work with you!
Approach IOTA.
If you liked this thread, share it everywhere!
The @iota foundation doesn't want to work against you, they want to work with you!
Approach IOTA.
If you liked this thread, share it everywhere!
81/ If you liked my post, publish it.
Write a new post out of it!
Goddamn you can even publish the text under your own name.
I don't care, I don't care about being known (of course I'm happy if you mention me haha).
Write a new post out of it!
Goddamn you can even publish the text under your own name.
I don't care, I don't care about being known (of course I'm happy if you mention me haha).
82/ My concern is that we use the best possible technology for our humanity.
Because if we're honest, who wants to live in a world where we have to pay fees everywhere, where power is centralized, through #PoS or #PoW?
Because if we're honest, who wants to live in a world where we have to pay fees everywhere, where power is centralized, through #PoS or #PoW?
83/ - In which we continue to damage our mother earth day by day?
We already have that sh*t today!
We want a better world!
Let's stick together and let's bring #IOTA closer to people!
If you value my work, you are welcome to support me with a small donation via IOTA.
We already have that sh*t today!
We want a better world!
Let's stick together and let's bring #IOTA closer to people!
If you value my work, you are welcome to support me with a small donation via IOTA.
84/ But it is absolutely not a request!
iota1qzazkrr7ap827wltyjd7r235ac9gwyhxkh2rfw5zmv9n262gmt0r568qsl2
And now in the end I would like to give you a poem that is very important to me and indispensable for us as a society.
„Invictus“ by William Ernest Hanley:
iota1qzazkrr7ap827wltyjd7r235ac9gwyhxkh2rfw5zmv9n262gmt0r568qsl2
And now in the end I would like to give you a poem that is very important to me and indispensable for us as a society.
„Invictus“ by William Ernest Hanley:
85/ Out of the night that covers me,
Black as the pit from pole to pole,
I thank whatever gods may be
For my unconquerable soul.
In the fell clutch of circumstance
I have not winced nor cried aloud.
Under the bludgeonings of chance
My head is bloody, but unbowed.
Black as the pit from pole to pole,
I thank whatever gods may be
For my unconquerable soul.
In the fell clutch of circumstance
I have not winced nor cried aloud.
Under the bludgeonings of chance
My head is bloody, but unbowed.
86/ Beyond this place of wrath and tears
Looms but the Horror of the shade,
And yet the menace of the years
Finds and shall find me unafraid.
It matters not how strait the gate,
How charged with punishments the scroll,
I am the master of my fate,
I am the captain of my soul.
Looms but the Horror of the shade,
And yet the menace of the years
Finds and shall find me unafraid.
It matters not how strait the gate,
How charged with punishments the scroll,
I am the master of my fate,
I am the captain of my soul.
87/ Thank you & Viva la Vida!
#IOTA #Bitcoin #Ethereum #Cardano #DOT
#metaverse #DeFi #web3 #CyberSecurity #NFT
#SHIB #Dogecoin #blockchain #crypto
#XRP #Coinbase
#IOTA #Bitcoin #Ethereum #Cardano #DOT
#metaverse #DeFi #web3 #CyberSecurity #NFT
#SHIB #Dogecoin #blockchain #crypto
#XRP #Coinbase
I would be happy if you read through this thread, even if the chance is more than small lol
@cz_binance @elonmusk @domguinard @lexfridman @IvanOnTech @bitcoin2go @AlexMittermeier @StarFinanz @FAZ_Finanzen @FT @MikeThaInvestor @joerogan
@FCBayern @ZDF @ARDde @YahooFinance
@cz_binance @elonmusk @domguinard @lexfridman @IvanOnTech @bitcoin2go @AlexMittermeier @StarFinanz @FAZ_Finanzen @FT @MikeThaInvestor @joerogan
@FCBayern @ZDF @ARDde @YahooFinance
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