IOTA: Cannot be used for IoT, loss of funds may occur
His experience is what I would expect from anybody trying pre-alpha software which is probably what IOTA is right now (at least, that seems to be the common defense from it&#x27;s proponents, &quot;it&#x27;s temporary, it&#x27;s going to change&quot;). The absurd part is that it&#x27;s pre-alpha software that has a market cap in billions of dollars thanks to the wild speculation around cryptocurrency&#x2F;blockchain stuff.<p>I mean, the simple fact that IOTA currently de-facto centralized, doesn&#x27;t plan on using PoW to secure the chain and promises almost-free transactions should make investors very cautious. They&#x27;re promising what nobody has managed to achieve yet and the only thing they have to show for it is a whitepaper and the promise that very clever people are working on it.