The IOTA vision explained in 2 minutes

The Tangle Vs. Blockchain Explained

Interview with David Sønstebø

Category: Background

Eric Wall is not a research engineer, he’s a charlatan

Eric Wall is not a research engineer, he’s a charlatan

This is a commentary.
I’m invested in IOTA, and my job is to refute misinformation or actions by “allegedly transparent and good-hearted people” in the crypto realm. I never attack people without a reason. Healthy, honest, transparent criticism is important and the only way for projects to mature. 

Elvis Wall, self-proclaimed expert and “research engineer” of Cinnober, but also in the cryptocurrency realm, is known for his aggressive attempts in uncovering flaws in crypto projects.
So far so good. Criticism is good, we need smart people and Eric Wall is obviously highly supported by a rather large number of people. He says: “I give you the facts” We come to that.

But Eric Wall is smarter than anyone else. He successfully watched into the future and knows more facts than the founders of their respective projects according to his claims.

It doesn’t take much to see that this is about IOTA because he explicitly declared that this is personal to him, not just a professional area anymore.

I could ignore all points on his list and get to the bullet point of all of this: Eric Wall is invested in Bitcoin and he’s working on a Bitcoin lightning network (LN) project with his Company Cinnober.
Since IOTA plans to become the first project that really scales, the lightning layer on top of Bitcoin would be rendered completely useless, given that Bitcoin is used only as digital gold right now -and LN would change that fundamentally.

The success of LN, therefore, is important to him, his company, his career, and his bank account. There is nothing more to it. This conflict of interest is important and should be kept in mind every time he attacks other projects.

 

But his list of arguments against IOTA seems pretty convincing, so I chose the other way: I show what’s behind them.

Eric himself tweets them repeatedly as if they were facts. Let’s take a closer look at what “facts” we find here.

The list of his argument-links:

  1. https://medium.com/@ercwl/iota-is-centralized-6289246e7b4d
  2. https://medium.com/@ercwl/hello-david-b77bbc62c457
  3. https://github.com/iotaledger/iri/issues/177
  4. https://twitter.com/ercwl/status/922089938333642753
  5. https://twitter.com/ercwl/status/966287250031030273
  6. https://twitter.com/ercwl/status/924995941924593664
  7. https://www.forbes.com/sites/jonathanchester/2017/10/16/what-if-you-could-have-bitcoin-without-the-problems-of-a-blockchain-iota-may-be-the-solution/4/#43c1a02b633e

Since Eric Wall is presenting himself as a scientist, a critical thinker, a valuable member of the human family which is using his unique skills for the greater good, I wonder how much of truth and “facts” (in a scientific way) are really behind his articles which already spread into every single corner of the Internet.

Point 1. IOTA is centralized. 
Please, for the sake of the term “primary source” read his post and come back here.

In short: He criticizes IOTA’s market cap, says he found something unknown to him, the coordinator and concludes that the ledger is not immutable anymore.

His facts: There are no facts. He’s basically saying: “I don’t know how they gonna solve that, I didn’t find what I needed to proof my headline (IOTA IS CENTRALIZED), so all that is left is that I make a bet on social media because I believe I’m damn smart”.

His bet:

Real facts:

a) The coordinator node is solely in place to secure the tangle. As long as the global hash rate is low, it acts as a protection against Sybil attacks and double-spends.
The coordinator does not centralize IOTA in that sense that the Foundation can change balances or mute transactions because the validation of the main-database needs the approval of full node owners. It does centralize the Tangle in that way that as long as full node owners use its milestones, it’s acting as security mechanism that for now, determines high or low confirmation rates. But using its milestones is up to them. It’s a free ledger in the end. Also, it’s just a temporary solution.

b) The IOTA foundation has an internal roadmap which they don’t publish before they have head start and research that backs their claims. (research section at https://www.iota.org/research/academic-papers )
For now, it’s clear that his points are nothing more than a declaration of ignorance. Science doesn’t work that way, research engineers neither.

IOTA will implement 3 vital technologies:

-Swarm nodes (Channel ICT in Discord is for that)

-Local snapshots (no documentation)

-Network bound proof of work. (no documentation)

With this, they plan to increase the confirmed transaction per second to a level, where the coordinator can be decentralized and eventually shut off.

Qubic will be a big part of that. We can expect further information on that on 3rd June 2018. (qubic.iota.org)

Eric Walls criticism is: “I don’t believe they can do it, I don’t know their roadmap, but I even bet my money on it, that I earn at Cinnober while we are working on a Bitcoin LN project. “

 


Point 2. The Coordinator cannot be shut down. 

In short: He pretty much uses the same arguments of claim 1. with the difference that he criticises that information is not easy to find, which is right. I have no objection here.

His facts: None. He cannot prove his claims. He criticises the information-landscape of IOTA.

Another bet: He again bets that the coordinator won’t be shut off in 2018. He doesn’t know about network bound PoW though. Swarm nodes and local snapshots are not part of his argumentation.

Real facts: He gives food for thought based on incomplete information that he uses to form “scary scenarios” like the coordinator private key could be used, etc. Apart from that, it’s hot air.


Point 3. Coordinator-instantiated milestone partitioning attack

In short: He assumes one could use a second coordinator in order to set up different milestones etc.

His facts: None, he just assumes. There is no scientific base, no showcase, no code, his thoughts are 15 sentences long.

Real facts: No one can access the coordinator. It’s manually tethered to some other nodes, so the infrastructure is already manually tethered. One of the biggest problems to become a malicious node in the tangle is manual tethering, meaning that you need to connect to neighbours IP’s manually.
You cannot become an omnipresence and you cannot just raise the cumulative weight on your transactions or milestones like you wish. It’s a practical impossibility.
Another point is that information about that is sensitive anyway. A situation that itself could be criticized but it’s part of the nature of the coordinator.


Point 4: IOTA is a server and can be censored. 

In Short: The IOTA network is vulnerable to sybil-attacks at early stages. That’s common knowledge and part of the bootstrapping phase every project had to overcome. The coordinator protects the tangle. For now.

His Facts: NoneHis claims that IOTA is not censorship resistant is wrong though. He is using a strawman argument, a logical fallacy in order to present his argument that IOTA is not immutable.

Real Facts: What really happened is that the network was a victim of a failed attack, that was successfully stopped by the coordinator.

As a consequence, the system needed to be secured, the course of events were reconstructed and minor changes to the IRI were installed in order to improve the system.

Healthy development in the making.

Eric Wall, though, presented this as the ability of the foundation to stop the coordinator to censor its users. The foundation created this 2 years ago with thousands of hours of hard work and their real name. Why would they do that?

That’s an ignorant, malicious and toxic way to interpret development that saved funds of its users, once again.

As a sidenote: Funds in IOTA were never lost due to a bug or a network bug. -due to the coordinator.  In 2 years not a single successful attack on the Tangle happened.

 

Point 5. IOTA is a scam and all big companies fell for it because they like the word blockchain

Just read his absurd tweets. It’s enough to understand why he is part of the problem in “cryptoland”. Opinions are presented as facts. No proof, just misinformation and appeal to experience.

Real facts: IOTA is a not for profit organisation under German law. there are countless examples where IOTA is trying to make a difference, and no money is involved. The latest and best example is the collaboration between UN-OPS and IOTA. Another one is LASS.
The IOTA community is extremely critical, especially with David, Dom, and CFB. Countless meetups and tech conference, also the biggest hackathon of the world “Blockchaingers” have utilized IOTA. Today, there are more than 115 projects listed in the IOTA Ecosystem. The number is rising fast.
Bosch, Fujitsu, VW are part of the supervisory board of the Foundation and countless other companies are looking into IOTA.
Is IOTA a scam, or does Eric Wall simply prefer LN to a point where he becomes desperate and pathological?
That’s up for interpretation. At least it’s mine.


Point 6. Just another bet based on old assumptions. 

At this point, I have no additional points to add. There are no facts or scientific assumptions, just loaded questions and bets. Pokerface. Charlatan.


Point 7. A Forbes article that presents some of his arguments. 

This is not even worth discussing: See Point 1. as this is just “appeal to authority”. Forbes is presumably read by many people.

Let’s conclude. Did you find any facts by Eric Wall that would confirm any of his aggressive headlines?

Because I would love to read them. His links certainly didn’t deliver.

One point on his list is accurate, though and makes sense: not all information about IOTA is available which makes it hard to conclude because cutting edge technology demands a certain level of “software-protectionism” as long as it is immature. History of the cryptosphere has shown that innovation is stolen and misused to scam people, therefore the IOTA Foundation is protective about some things, which is totally understandable.

The conclusion by Eric wall including questions, opinions and bets which are presented as facts, however, are a joke.

The term “fact” is flexible as it seems.

Eric Wall, the “altcoin slayer” is nothing more than an aggressive LN troll that is supported by his likes.

What we see here is that there is a clear developer and expert centralization and that those that are using the right arguments are possibly able to convince the majority of investors.

What he also does is a column at Bitcoin.com, where he postulates: who would have thought: a good outlook for Bitcoin. 

Strange business conduct the people at Cinnober have -that’s for sure.

 

 

 

Life in the future cap. 2: Mobility

Life in the future cap. 2: Mobility

My series started with the intention to improve the imagination we might have for technologies that will be a part of our lives in the future.
The first part started with an introduction followed by my ideas how the local economy could function in 18 years. A vast change in the economy as a whole and a vast change for the majority of people.
The following part will be centred around the mobility and how it will be a fundamental change in our lives in that sense, that we mustn’t take care of security, traffic jams, time management, maintenance of our car, theft, and manipulation of the odometer anymore.
But another part is that cars will become modular and thus:  create jobs and a new level of security and service.
This part and the possibilities of a highly advanced mobility sector are so exciting that my imagination knows no end.
As we are all aware of the consequences of fossil fuel-based engines, my thoughts are based on the assumption that 99.99% of all cars in 2036 are running on electricity only. At least in the advanced regions of the world.

A new efficiency

There will be many manufacturers that will create modular parts of vehicles. Depending on how you want to use your car, you can buy different modules from many different manufacturers. The modules are designed so that they always fit together as part of a bigger system. Every car has an engine and batteries part, a storage and utility part, and a passenger and function part. In the future, cars are wrapped in a skin of photovoltaic panels. Whenever it’s exposed to the sun, it’s generating electricity. The electricity that can be used to charge the battery or that can be sold and shared into the grid. The mobility sector could be able to disrupt common solar collector manufacturer, while they are standing in the sun, next to your house. Efficiency is one of the major improvements for the fourth industrial revolutions. I’m therefore convinced that car manufacturers will disrupt the solar collector industry at least partly if they decide to integrate the production of photovoltaic-technologies to their facilities.
The majority of cars will be autonomous. Even the law will adapt to that because statistically spoken, there is no advantage in controlling vehicles with a human. The interaction of algorithms and AI between sensors, the engine, brakes, and the necessary security mechanisms are far superior to humans.

The degree of efficiency of the photovoltaic capabilities of a car will determine if cars of the future need to be charged with charging stations at all. Some vehicles will still need a charging-station infrastructure as they have to be functional even at night, but many cars, especially small cargo vehicles can be run on solar energy generated “on the run” entirely. Solar panels today have between 15 and 21% efficiency, that means only a fraction of the available energy is actually transformed into electrical usable power. Think about what happens when the efficiency is increased up to 75% or even more. Cars would be able to generate enormous amounts of power, which they could then use for their engines, services or even to sell the generated energy after they have been parked somewhere. But a necessity for that will be also a better battery technology.

That means that if they still need recharging, it will be automatic, but to me, it looks like the technology could advance to a point where recharging becomes a rare event.
Since cars are likely to become truly autonomous, I expect them to take care of almost everything. That includes cleaning, maintenance, upgrades, annual tech check, sensor-check etc.
I doubt that in 2036, owners of autonomous cars will ever see a garage again as the cars will automatically drive to them once a problem comes up.
These ideas of a better efficiency are the true revolution of the internet of things and the fourth industrial revolution.
Less consumption, a modular, multi-purpose approach and an improved security due to autonomous decentralized systems.

Decentralized Software and Fog computing

Decentralized apps (dapps), that are running on top of a distributed ledger, can be integrated into the cars. In 2036 the computational power available in vehicles will be big enough to calculate a solution to every issue in real-time.
There won’t be a single point of failure anymore since the software is running on millions of computers which are inside of vehicles, that are connected via several different types of connectivities to the IoT.
GPS, WLAN, Lora-Wan, Bluetooth, Radio, 5G, 6G, cameras and LiDaR for real-time 3D tracking of obstacles and other vehicles will make the car the perfect sensor drone which will generate and calculate data simultaneously.

This information will fuel other decentralized apps, that will follow certain algorithms in order to interact with systems at intersections or important areas within the infrastructure. Traffic-jams won’t be a problem anymore. Machine learning algorithms can be fed with the behaviour of ants in order to tell the system how to prevent traffic-jam waves before they are happening. A machine learning network could be applied to several other systems as well, not only traffic congestion preventions.
Some systems could calculate the risk of aquaplaning in dangerous conditions when it’s raining. Driving behaviour can be adjusted if schools are in the near area or animals have rutting season. The security adjustments are a real innovation, a normal human couldn’t learn under normal circumstances. At some point, the reaction time is limited due to the latency of information that has to be processed in nerves, the brain, and our muscles.
Machines only have the limitation of the speed of light. Everything else should be possible if edge and fog computation is applied.

Since at least Europe changed the law in favour of their customers, the data that is generated belongs to the citizens, according to the GDPR (General Data Protection Regulation).
Especially in the mobility sector, this data will be extremely valuable because services and infrastructures can be adjusted to changing habits, to traffic, to consumption levels or higher demand for certain goods. When the mobility is autonomous and systems are operating in a fog-computing situation, then these systems need to be fed with data in real-time. Data which can be monetized.

Specialization

If we take a closer look at the modules of vehicles, then the possibilities seem to have no end.

A car can become an office, surgery, secure station (panic room), hotel room, delivery service, basic supply of medicine, they can even become little greenhouses that follow the sun automatically or in the future private planes that fly from city to city.
If people are in need of medical assistance the medi-modules can react in just a few minutes.  There can be either a human or a highly advanced automatic unit whose neural network algorithm has been fed with information in order to know which treatment fits best. The medi-module carries a license, the necessary tools and treatments and is always available.
There could be furthermore modules owned and maintained by do-it-yourself stores. Which can be filled with construction materials or tools and machines that can be shared for as long as people need them.
Cooking, cantina modules, a plumber, electricians, computer services or services one would find in a red-light district. The future holds all the possible technologies to enable a new world of service that relies on decentralized and modular systems.
An interesting thought is a modular car with a replaceable battery part. Whilst travelling long distances, the battery part of the modular car could be switched with recharged parts of countless owners along the way. Even a transition between autonomous cars and a trainlike speedway could become a possibility, where long “centipedes of single modules are bound together, that are travelling at high speed on railways for longer distances. Modular parts could attach or de-attach. The passenger does not need to leave his cabin even once, but he’s travelling through dozens of cities, stations and everything could be powered by sustainable energy in a sharing economy.
This way of travelling allows customers to receive exactly what they need to that time. Busy business people can do work and hold meetings, a developer can develop, women or children which are travelling alone are secure and every journey could offer a high level of privacy and comfort. Even decentralized cinemas could become reality.

The ownership of all of those modules could be a source of income.
Owners would let customers rent these modules on the way. They only had to take care of the maintenance, the infrastructure and the regulation. A perfect passive income source or option for businesses to create extra income while supporting a decentralized infrastructure.

Security

One of the biggest horrors on can face on highways or German “Autobahnen” are wrong-way drivers. These occasions are rarely on purpose, and oftentimes because elderly drivers confuse streets. If intelligent systems can be integrated into autonomous driving modules, it would be an easy addition to arm them with a wrong-way driver defence system in order to stop them slowly and to protect incoming drivers with automatically performed evasion manoeuvres that are based on the information other cars are sharing in real-time.
The same protection could be integrated for rear-end collision, especially if sudden weather changes are registered by sensors. Swarm intelligence and AI are perfectly suited to adjust to environmental changes, that would nowadays lead to more accidents.
Similar systems could be used to fight a fire, to protect citizens, and to fight terrorism or criminals.

A decentralised network can send data and value, but beforehand it has to be ensured that the information is tamper-proof and unique.
Only then, customers can sell and produce data which belongs to them.
The security of these autonomous systems is a game-changer.
We need an overall protection of goods, data and integrity of information. The typical odometer fraud will be impossible as the manufacturing of a vehicle will be bound to a unique hash-value that will be secure and saved in the ledger in the near future.

The mobile sector will be a good example of how the economy will adapt to decentralized and autonomous systems and how it will start with the loss of jobs.  Eventually, however, this enables value for the society and new possibilities which can be created with a sharing economy due to modular builds of autonomous vehicles and the creation of infrastructure we will need for that.

I assume that this will take more than 18 years because infrastructural changes take a long time, even if we count in that innovation will be accelerated in the next 10 years.
However, a basic necessity of all of my thoughts is a system that can offer the communication and secure transfer of information and value between all connected devices and vehicles.

Because the most important backend technology is one that combines a high-level layer of security through encryption with anonymous streams of information, tamper-proof authentications, which are filled with biometrics and individual passwords that make it possible to use all kinds of sensitive services.
A system that is able to handle billions of transactions between modules, facilities, customers.
A never-stopping cycle of information, values, authentification and confirmation that boosts our new economy and mobility. IOTA is the first distributed ledger that can work in this highly specialized environment.
No other crypto-project is partition tolerant and simultaneously scalable and free to use.
The possibilities are truly endless.

The next part will cover a sustainable energy-usage.

Thumbnail image: http://www.coroflot.com/vincentchan46/CitiTransmitter

Life in the future cap. 1: Local economy

Life in the future cap. 1: Local economy

Detached facts about IOTA are certainly helpful in order to develop a fundamental understanding of the coming paradigm shift, but the real effect of innovation is hard to grasp when we do not see these changes in action.
The following series of five stories aims to promote the understanding that is perhaps indispensable in order to see the bigger picture alongside hype and entertaining price bulimia we see every day in the cryptosphere.
In 2036 I imagine a different world than we know today.
If the focus is set correctly, the vision of the future gives hope for better conditions, which will not only improve the quality of life but will also change the world at the level of socio-economics.
It certainly makes sense at this point to define focal points that we read again and again in the area of IOTA. Focal points of problems that must and can be improved through this innovation.

-A local economy, -the new mobility, -a sustainable energy-usage, -barrier-free transactions of values and also -the hard democracy.

Capital 1. Local economy

Isn’t it ironic that huge furniture stores talk about a cozy appartement, about familiar space and our personal home, but fly in their goods from Kazakhstan, Brazil, and China in order to build a cupboard that looks the same in every shop and country?

Isn’t it counter-intuitive that we talk about sustainability when we buy apples from our own country but warehouses store them in cooled-down environments so that they can be offered against the season of their harvest and thus consume more Co² than when they are shipped in by huge container ships from Argentina?

Isn’t it an ecological tragedy and unnecessary potential for conflict when we transport fossil fuels such as gas and oil over thousands of kilometers, thereby undermining the recipients’ independence and supporting providers in their autocracy?

The future should be smarter than that. And by this one should not only mean the interconnectedness in the Internet of everything, but also the way we deal with it.
The neighborhood of the future will become more autonomous.
Solar collectors and collected rainwater on the roof, direct current energy storage in the basement, efficient insulation and a sharing zone which is shared between neighbors complete a settlement that could be far away from the industry that puts a strain on our environment today.
Within the sharing zone, there is a multi-story greenhouse which, thanks to sensor technology and fog-computing, enables efficient work that grants basic food supply with the aid of subsistence farming. These things are not necessarily free. The incentive to work, earn and buy groceries, also the costs for the products can all be a part of local, distributed micro-economies.
At the heart of the sharing zone is a 3D printer with the size of a garage that can be used to produce furniture, components, and tools of all kind.
Electronic components can also be printed so that the neighborhood can add blueprints at any time to produce the needed things for maintenance or construction.
The 3D printers of the future can be filled with residual waste, plastics and wood waste, so that an endless recycling system allows the re-use of old objects that as a result neither pollute nature nor promote industrial obsolescence.
These technologies combined allow a higher standard of living, which is based on the interconnectedness of the world and shared knowledge. These systems are fail-safe by design due to their decentralized and distributed nature. In the end of the day that would mean a vast improvement of ecological conditions.
The required transfer protocol for tamperproof data or values enables a sharing economy that establishes more than just the basic supply of infrastructure, such as food or goods. And no intermediaries hinder progress by forcing transaction fees or taxes onto the people.

This development does not prevent or prohibit an additional industrial production of innovations and goods but promotes a radically more sustainable approach that induces fundamental improvements of the quality of life on a global level and can also prevent negative impacts on the macro-climate. As borderless innovations, these could solve issues all over the world.
The local economy makes use of simplicity and autonomy so that the reduction of unnecessary infrastructure and material supplies reduces external dependency, which then prevents negative influence that could be caused by surrounding forces or nations.

Of course, there are limits to this autonomy.
Medical supplies, education, spezialized technology won’t be available everywhere, but this is not about going back to feudal structures, rather about optimizing the redundant systems we have today.
Urban citizens and culturally interested people may be drawn into agglomerations so that these neighborhood clusters would have less space on the ground to ensure this kind of economy based on subsistence. Smart and green cities that grow upwards could, therefore, provide the needed space.

Green building concept. Source: T.R.Hamzah et.al

These ideas are not new, but they fail because of simple things like air quality in city centers.

What needs to be done

Regulations and stricter controls can rarely improve these issues, as they are the dirty byproduct of combustion engines which are still used everywhere, for obvious reasons.
One answer to this will be the new mobility, which is integrated into the overall concept of smart cities. No combustion, more autonomous vehicles, less pollution, and an efficient use of transportation.
Subsistence farming means we rely on the surrounding parameters of the environment. Sensors in private ownership can solve two problems there.
First: It solves how we can deploy all these systems and secondly: private ownership ensures that data belongs to the people which can then monetize their efforts.
The use of DLT’s in all of this is one of the major benefits in terms of privacy and the handling and commerce of data.

Next month, May 2018, the European Union sets strict rules about the dealing with data, the GDPR (General Data Protection Regulation).
This is a major step into the right direction as companies such as Facebook or Google still use their customers data for their own purposes only.
The GDPR forces companies to an improvement, while it gives the ownership of data back to its creator. Because as we all know, data is the new oil.
We also need to ensure that the biodiversity is positively influenced rather than completely erased where we live, if we want to use real sustainability.
Heavy diesel vehicles and private vehicles are the biggest problems for an improving biodiversity in the green city centers, today.
A well-thought-out public transportation system and additionally a flexible delivery system (with autonomous vehicles and drones) can remedy this situation in the future, at least partially. Heavy transportation will likely still use fossile fuels.

Of course, this should not take away the option of owning one’s own vehicle, but even these should not use combustion engines that pollute the lungs of all inhabitants of a city with nitrogen oxides. And if, then we need to develop technology that vastly reduces the negative impact.
These ideas are not meant to force socialism or communism onto the people, on the contrary. It’s a new system: a zero margin economy as Jeremy Rifkin described.
To sum up, we need the new technology and infrastructure deployed and a general rethinking when it comes to ownership. We need the political metiér to adjust to the new challenges, especially because they usually only think in timeframes of one legislation. And finally, a technological acceptance in society that can connect all of the mentioned solutions.

Luckily, the last 18 years have shown how fast and strong innovations can work. As we are in a time of infrastructural change already, new energy sources are emerging, corporations are restructuring towards e-mobility, and people are actively adapting to their environment. A progress that looks subtle, but changed everything in 18 years. Renewable energy, vegetarism, less consumption and stricter ecological rules for the industry are some mentionable changes that arrived in society.

But is that time-span till 2036 enough to adjust to the new requirements of a smart world, globalisation and the climate change?
18 years ago there was no social media, no smartphones, no 3D printers, no data-clouds, and also no electric vehicles that are able to interact with the surrounding technology.
In 2000, the statistical majority of houses in the western world were supplied with the Internet for the first time. With dial-up modems.
In the year 2000, it was still possible to get lost, there were no map services like Google maps, Google Earth or Openmaps.
No Twitter, no Youtube, no Facebook, no Wi-Fi. Email was the new thing. 18 years are unimaginably long in terms of innovation.
The next 18 years have the advantage that the world is already connected, and the innovations are here. Now, we need to use them in a secure, fast and decentralized way.

In hindsight of all those changes that are about to come, we need to prepare for radical changes in our personal life which are necessary.

But this isn’t just a change we can observe, we are in the center of it.

In the next part, I will discuss the new mobility which embedds into this vision of a smarter way of living.

 

Q revealed! IOTA foundation developed incredible stylish monocles

Q revealed! IOTA foundation developed incredible stylish monocles

Berlin.

The news is spreading.
Q, the mysterious project surrounding IOTA has finally been revealed.
After years of work, the IOTA Foundation finally announced that Q is a monocle.

The project has been financed by all ICO investors and the generous community members that donated 5% of all available tokens to the IOTA Foundation.

Developers said that the revealed project is about to the change the world and frankly, they didn’t overstate the exciting announcement.
The IOTA monocle is incredible. Also the resemblance to a Q. How puristic.
The IOTA foundation decided to advertise the fresh accessory everywhere.

As a first start, we decided to run a Q advertisement on the Timesquare in New York because we believe that Q will change the way of living.” David Sønstebø stated.

IOTA Q at the Nasdaq Marquee on the Timesquare

 

Apart from this object of art, the Foundation created several different versions of it.

But for now, we only have a test-version available, that will be replaced by the main-version pretty soon.

Until then, we will advertise it everywhere because we truly believe that this will be beneficial for everyone.

And let me tell you that we are really changing the world as we know it, the world is not anymore the way it used to be, no no no” a mysterious anonymous insider advisor to the Foundation commented via email.

We at THE T▲NGLER are completely blown away.

No one could expect such an incredible development.

We expect that IOTA will fly to position no.1 on coinmarketcap.com very soon, as the demand for stylish developed assets is extremely high these days.

Full Emails of Ethan Heilman and the Digital Currency Initiative with the IOTA Team leaked

Full Emails of Ethan Heilman and the Digital Currency Initiative with the IOTA Team leaked

To my surprise I just received full access to the emails between the Digital Currency Initiative of the MIT Media Lab and the IOTA Foundation after I offered anonymous sources full disclosure over my blog.

I publish the letters “as is” without editing or changing the content at all.

Download:

letters