News

Be aware of all developments relating to cryptocurrency, track trends and rates ups and downs, learn all about Mining and complexities of the Bitcoin system and be sure you will be aware of the most urgent and important news of World Mining company.
"The World - that is, information that grows over time."
"He who owns the information, owns the world."

Faced With Criticism IOTA Fans Try to Bully Growing List of Detractors

Faced With Criticism IOTA Fans Try to Bully Growing List of DetractorsAccusations of FUD, #fakenews and similar terms are sadly all too common in the crypto world. Startups in the field are many times headed by young people, sometimes bringing a needed fresh perspective and attitude, but a few appear to completely lack the maturity needed to run a public business. In the case of IOTA this is exacerbated by sycophants who enable this situation and rather attack critics than have an adult discussion. Also Read: Analyst: IOTA Sharply Overvalued Due to “Overwhelming Evidence of Serious Flaws”

IOTA Fans Try to Silence Critics

Faced With Criticism IOTA Fans Try to Bully Growing List of DetractorsIOTA, the network behind the now 10th most valuable cryptocurrency in the world by market cap (MIOTA), is facing various criticism and doubts about its technological capabilities. While this should be expected for every project valued at almost $5 billion at such an early stage, promoters of IOTA are failing to accept this reality. In the past few days, as more analysts raised questions about the project, IOTA fans lashed out even harder against critics, anonymously publishing hit pieces against some community influencers and trying to get others off of social media altogether. This is in addition to the standard operation method of IOTA whenever someone writes something they can’t handle, a childish or nasty ad hominem attack by the head of the team on Twitter followed by a barrage of similar insults by his minions (and likely many bots as the frequency seems to suggest).

Enemies List

Rather than reflect on the behavior that got them into hot water, IOTA promoters seem to be doubling down. They have embraced an ‘us vs. them’ mentality, wherein any reporter asking questions, any developer objecting to their non-blockchain solution, and even former investors who complain about their funds being stolen are all seen only as enemies attacking the group. This is how an IOTA blogger described it today: “We decided to start an anti misinformation report that comes out daily if possible. A group of people is willing to help me with that. The reports will include timestamps, tweets, sources, names of the “attackers” and the FUD explained and corrected.” While this approach might intimidate some, it can not silence everyone in an ecosystem fraught with scams where fair judgment is needed. The #IOTA mafia are not giving up! Reporting my account to Twitter now. Read the review that triggered them here: https://t.co/j63V7Bx0hZ pic.twitter.com/nWuQJDwZaD — Andreas Brekken (@abrkn) February 11, 2018 Are IOTA promoters doing the right thing for the project by going after critics? Tell us what you think in the comments section below.
Images courtesy of Shutterstock.
Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history. The post Faced With Criticism IOTA Fans Try to Bully Growing List of Detractors appeared first on Bitcoin News.

Thai SEC: Only Seven Crypto Firms Authorized to Legally Operate in Thailand
Thai SEC: Only Seven Crypto Firms Authorized to Legally Operate in Thailand

The Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Seve...

16.08.2018, 06:25Read more
Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack
Bitangels Co-Founder Sues AT&T for $224 Million Over Cryptocurrency Hack

The cryptocurrency investor Michael Terpin is suing the large telecom firm AT&T because his mobile phone was compromised by hackers who stole $24M USD worth of digital assets. Terpin says he was hacked twice in less than a year and employees at AT&T participated in a SIM swap fraud. Also rea...

16.08.2018, 04:25Read more
Five Benefits to a Bear Market
Five Benefits to a Bear Market

We’ve been in a slump for a while now, and by the looks of it will remain in one for a good while longer. How long, how low, and how slow the recovery is anyone’s guess. If you’re reading these words, you’re still here, and thus it’s safe to assume you’re in this for the […] The post Five Bene...

16.08.2018, 02:05Read more
BountyCryptocurrencies
Video