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IOTA is a scalable, decentralized, feeless, modular, open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG). IOTA has no fees to transact and no scaling limitations; network transaction speed grows with activity. IOTA grows via transactors, not miners / stakers, thus avoiding centralization.

IOTA is aiming to be the backbone of the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other cases where a scalable decentralized system adds value.

Felix Unger: You should never assume, because when you assume, you make an ass of "u" and "me."

This article is completely ridiculous. There are some particles of truth spread over a sea jealousy. 6 of your references are tweets which don't amount to much more than opinion.

You knock IOTA for using quantum secure cryptography, even though quantum computers do not exist yet. Talk about a contrived argument. There is always going to be a trade off. We get a quantum secure coin.
Currently, the trade-off is that dumb people should not be using iota. There are ways to solve the issue in the future, so that even dumb people cannot stub their toes.