IOTA: The Foundation answers

Original Post –

1. The AMA provided valuable new insights and information

Due to the high demand of interested yet doubtful people, the IOTA foundation agreed to host another AMA (= Ask me anything) about IOTA. Among the Co-founders were alsoFoundation members like Oliver Bussmann (EX-IBM and UBS-CTO; IOTA foundation member).

In order to provide a brief overview, I decided to sort the answers to certain “headlines”:




IOTA’s future

  1. Build up the IOTA Foundation as a globally operating organization, with key people and organizations from all industries being represented in the Foundation.
  2. Achieve the reliability of the software and the network (1000CTPS = Confirmed Transactions Per Second); Dom said previously on slack that his is the goal for 2018!
  3. Form more strategic partnerships
  4. Foster our permissionless ecosystem, and enable more and more people to build stuff with IOTA (especially do startups!)
  5. Lots and lots of use cases.

Smart Contracts

Banks / Financial sector


IOTA hardware

Cogniota (this is about machine learning, link)

Companies / partnerships


2. The Foundation’s response to the DCI attacks

A few weeks ago, a tiny subdivision of the highly-renowned MIT, made a criticism of IOTA which did not follow the rules of a scientific peer-review. Since it was obvious that the accusations were not meant in a collaborative and helpful, but rather in a destructive way, the IOTA foundation decided to de-construct the ways in which IOTA was meant to be harmed: If you believed in what these allegedly renowned scientists said or if you are in doubt about IOTA Foundation’s transparency I strongly advise you to read this article.

3. Connection to Huawei has been made public

As Jimmy Xiong mentioned on Twitter, IOTA was introduced at the Huawai NB-IOT Partner Annual Meeting in China:

If you cannot understand Chinese, I suggest to read what Mrs.Peng said via the google translator. One can be certain that influential people were listening to her…

If you like this or my previous articles (more than 50,000 views!) on IOTA I would be happy about a little donation ;-):


One Reply to “IOTA: The Foundation answers”

  1. I remain unconvinced.For me the revulsion of large organized events, even ones as insanely popular as professional sports, has nothing to do with its actual popularity or refined tastes or even the crass commercialism. Instead, it is the more tribal, even religious, tenor involved at all levels. Do note, though, that I am from Texas, where both fans and critics alike will describe the sport of football as the most popular religion of the state. Expressions of the popularity may differ around the world depending on location and which sport, but so far my observations are that they are merely variations on a theme and not significantly different.Which team is supported is usually more closely associated with ones geography. The inculcation is done so early and so completely that sense of self can be strongly tied to team performance such that loss or victory can elicit very strong emotional reactions affecting others surrounding the fan. As you mention, most of the ore popular sports are highly sexist in attitude with men as the players and stars whereas women, if existant in the sport at all, are relegated to side-line and booster roles. One fan speaking ill of another fan’s favorite team is taken as a serious personal affront.My distaste for the attitudes around it says nothing about the actual sport; I actually really enjoy participating in almost any sport, and recognize and admire the physical and mental characteristics required for one to excel at them. It really is just the tribal aspects of the sport as demonstrated in popular culture. Creating such a strong us versus them attitude seems to be more of a fan behavior than something actually pushed by the teams themselves who do seem to exhibit respectful attitudes towards the other team when the game is complete.Those us versus them attitudes also bleed over into other areas as kevinx was mentioning. I see those as particularly damaging in how academics are given such a low priority compared with the sports for a large subset of many populations (particularly here in Texas). In the local interactions, it would be great if the differences in experience were truly an opportunity at cultural exchange, but a more common situation appears to be shaming at rooting for the wrong team (or no team at all).Back to your post: I’m actually truly glad to hear you’ve found something you enjoy! None of my comments necessarily speak to anything about you personally since I have not interacted with you regarding sports or other topics. These are comments and observations about tendencies of large groups in particular, but can be observed in the smaller groups as well. The taste in music that you mention is one such way where there is an apparent attempt to shame those that would deem themselves peers and I also have the same complaints about that form of out-group shaming.My query to you is that I wonder exactly how common the ground really is. I see you have definitely assimilated into some of your local popular culture. To this online crowd you admit to some caveats in the areas of commercialism, violence, and sexism among others. Are you free to discuss all those same complaints among the fans you now share a past-time with without recourse? Is the sharing of the popular activity truly building common ground or merely making you more accepted in their community?

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