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IOTA Tangle foundation and Bitfinex announced listing IOTA on June 13th.

New version of nodes/wallet is out and network being built up with every transaction. Managed to get 100 or so iotas transferred between users on slack, now YDK exchange is processing OTC bought iotas. Exciting tech and exciting times, potential to undervalue many coins in this space (other than those with very unique selling points - i.e. XRP) Early days for IOTA but i think they gave away who their big, big, BIG IT partner is at the Berlin expo. I wonder how fast they can/will grow catch-up.

I'm definitely in to hodl.

Sent from my MI 5 using Tapatalk

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Bitfinex trusted? I have a different thread on this question, but I am planning on a getting IOT on the 13th and then transferring to the local wallet client so I wanted to ask here as well. 

How is the local wallet app? Bug free? 

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https://medium.com/@jamie247/our-first-investment-in-tokens-is-b7c41baf2cee

Quote

The killer app of blockchain would appear to have been right in front of us all along: the tokenisation, fractionalisation and financialisation of The Web starting with how it’s owned. Whilst I’ve always advocated the idea Web 3.0 will lead to the rebirth of a cooperative commons type model I didn’t think it would happen this quickly. The best way I have heard it described is to think of a token as a ticket to participate and own a stake in a future economy.

You may remember 3 months I wrote 99% of blockchain startups are ********. That was largely based on the belief almost all of the infrastructure we were seeing created should be close to the point of free and owned and financed by the community. This is because for the first time in history the open source community now has a method to self-finance it’s development, in theory distribute the upside more equitably and all with some of the most powerful network effects we have ever seen built in by design.

In the same post I laid out what we at Outlier Ventures found most interesting, that rather than blockchain for its own sake, it was where it was foundational to other deep tech scaling securely. IoT is one of the best examples yet of a technology crying out for blockchain characteristics to fix it’s problems: namely distributing risk to the edge, down to a single machine level and enabling economically viable m2m transfer of value.

Almost all the corporate partners we speak to in Industry 4.0 who have deep IIOT requirement say the economics of today’s leading public blockchains simply don’t stack up for large scale deployment. Over the last 6 months one player increasingly kept on coming up in conversation about how this might be solved… IOTA.

 

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The question of the day is how much it will open at? The current 150 to 200 µBTC per MIOTA is driven by artificial scarcity on slack. I am hoping strongly that it opens substantially less.

What time will bitfinex bring it online? Opening of business on 13 July HK time or midnight or impossible to know? I would assume opening of business, but I will ask anyway.

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I would appreciate if someone could share a bit on the best strategy to be used for buying IOTA soon after opening. As i am not experienced, I don't want to end up paying too much for it. Is a significant drop in price expected in the first few hours?

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7 minutes ago, Global said:

I would appreciate if someone could share a bit on the best strategy to be used for buying IOTA soon after opening. As i am not experienced, I don't want to end up paying too much for it. Is a significant drop in price expected in the first few hours?

Get BTC or USDT on bitfinex. I sent an email. They said opening 13:00 UTC. They will have an announcement.

Impossible to know if price will drop. I hope it will. 150 to 200 is high for opening...

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4 minutes ago, Nedkt said:

Get BTC or USDT on bitfinex. I sent an email. They said opening 13:00 UTC. They will have an announcement.

Impossible to know if price will drop. I hope it will. 150 to 200 is high for opening...

If only you could margin-sell it ;)

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6 hours ago, Elitefoo said:

If only you could margin-sell it ;)

I moved a serious load of BTC to bitfinex yesterday to buy IOTA. On a hunch I was worried BTC would tank last night so I sold all for USDT. Glad I did. Sold for 2940, wake up and it is 2740 and still dropping. haha.

Sold all positions in everything, BTC, XRP and ETH. Only one I regret a bit was selling my ETH as it is up some, but I feel fine after the general tank last night. Glad I called that one. Otherwise my buying power for IOTA negatively impacted. ;)

 

EDIT: Looks like ETH is giving it all back as I type. For once, I am happy I moved to USDT before getting sleep. It just smelled like a monster dump was coming.

Time to buy soon.

Edited by Nedkt

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