What are the cons of IOTA's underlying technology? Can it get as big as Bitcoin?

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·@ghayas·
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What are the cons of IOTA's underlying technology? Can it get as big as Bitcoin?
IOTA uses Tangle technology instead of Blockchain which makes it somewhat superior to other currencies. But that doesn’t mean it can surpass them, may be or may be not. But I am more of a believer on the later.

There are many flaws associated with the “IOTA” currency but the underlying Tech is somewhat fair and so far hasn’t shown any significant negatives other than it’s security features. I know it’s a significant flaw but it is still unclear how serious it can get. There’s been a lot of debate on this topic and some even rubbishes it.

One argument that we usually hear in IOTA’s favor is;

>If it was hackable, it would have been hacked by now.

But they tend to forget that there are coordinators in place which saves it from 34% vector attacks. The IOTA protocol in itself somewhat remains untested in that regard.

Another issues is that DAGs (Directed Acyclic Graph) are fundamentally unable to do generalized smart contracts. It all happens due to the fact that IOTA doesn’t recognize the transaction order. Although, it’s not necessary in the sphere where IOTA operates.

https://cdn-images-1.medium.com/max/1200/1*U_jdt8KG7CphZ5fXpoOktw.png

# Feeless promise

IOTA promises to have feeless transactions but that's not really the case. Their entire logic of feeless system is based upon the fact that everyone have to provide a proportionate based computational power i.e; Proof of work to use the network. So, basically everyone is miner. If you buy IOTA's logic of feeless system then I would say that Bitcoin and other Blockchain based Cryptos are also feeless.

# Incentive

There's no incentive for individuals to host nodes for IOTA and help the network grow and secure. Why should someone do it on their own cost?

# Investment Perspective

IOTA aims to take on the IoT devices. In simple words, if your Refrigerator feels empty it can order supplies from the internet. What does that mean for an investor? It's a utility coin which was supposed to be Bitcoin but IOTA is inherently a Utility Coin and will stay so. Bitcoin on the other hand has become somehow an investment tool.

In my opinion, early adopters in IOTA will benefit somehow but If you expect it to grow as big as Bitcoin in terms of value then I guess you should re-consider that. Because IOTA is meant for 'use' and once there are enough IoT devices it will surely be used. There's no concept of hodling then. Besides, it has plenty of supply.

Let me give you an example, if I top up my refrigerator, car or washing machine. I will have to use that amount. Serious investors are not going to hodl in their Washing Machines and Refrigerators.

In short, IOTA isn't the one you should be expecting returns like Bitcoin. It's a whole different concept and once people know it they will not look at it as an "investment instrument". I am saying this because people often draw comparison with Bitcoin. If it's adopted widespread all over the world, may be it will increase in value too given the fixed supply. But that we are talking like decades away.
<center>![sadsadwq.png](https://steemitimages.com/DQmQHWBCrUStRHzLFz22Vme5ErR9JhhzjxcWNJGD15vifpS/sadsadwq.png)</center>

And I would probably don't have any teeths by then to enjoy my steak. Although, I am 27. :)

**Note: I always recommend short trading. Do not aim for 5-10 years investments in the Crypto fields. It doesn't take much of a time for one Tech to replace another. Always have a plan and make small profits but increase the volume and repetition. You don't have to wait for Bitcoin to touch a Million figure. It would take a split second for it to drop right back to from where it started. All it takes is for this man to make a few calls or at least open his mouth.** ![ezgif.com-resize.gif](https://steemitimages.com/DQmPocvw4DrnDhBNMGZnzxXPyzFqw66anvGnrjiqauW16gp/ezgif.com-resize.gif)
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