News began to circulate beginning Nov. 28, stemming from thenextweb and Reuters that IOTA has partnered with Microsoft, Samsung, Cisco, Volkswagen, Fujitsu, and many others in a 2-month long project that aims to make the data marketplace a truly global, decentralized collaborative effort. 

Days later multiple media outlets ran with it, including CNBC, causing a 70% surge to occur on Sunday alone. Since then IOTA has been steadily climbing:

Update: CNBC has removed Cisco from their article

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Check out the insane 24-hour volume last updated on December 5th:

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Everyone is excited over the promise of what these partnerships may bring to IOTA and data decentralization overall.

The only problem is, several of these partnerships are not real.

These companies are talking to each other, there is no doubt about that. Microsoft and IOTA are set to meet in Paris on Dec. 14. Fujitsu CEO Dr. Rolf Werner constantly tweets his love and support for IOTA, but as far as an official partnership …

This is the only tangible evidence linking Microsoft to IOTA. Nothing on Microsoft’s website to confirm this. We have reached out to Omkar Naik to confirm:

What about Cisco?

Again nothing official exists, so we at Squawker reached out to them directly. This is their response:

“Thank you for reaching out on this. I have confirmed that your suspicion was right—Cisco has not teamed up with IOTA.

Both Cisco and IOTA are both founding members of the Trusted IoT Alliance (sometimes abbreviated TIOTA). That is the only connection between the two companies at this time.  I am reaching out to Reuters to let them know as well.”

– Christine Johansen: PUBLIC RELATIONS MANAGER.IMC

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This same lack of official publication exists for Volkswagen. I cannot find anything on their sites and have also reached out for clarification.

There is this promotional video, so a partnership is very possible, if not now certainly in the future. There is no mention of a partnership in this video:

Now check out IOTA’s price action as of Dec. 5th:

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Were the announcement of all of these fabricated partnerships part of an engineered pump and dump? Certainly seems like it. 

When you have a market cap of just under $10 billion and you see close to $1.5 billion in market volume in one day, that to me raises major red flags.

IOTA’s Vulnerability Issue Discovered by MIT

Then I come across this, tweeted on Dec. 4th by Kyle Samani: cofounder and manager of a cryptocurrency fund called Multicoin Capital:

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This is the article in which MIT disclosed IOTA’s vulnerability: Cryptographic vulnerabilities in IOTA, written by Neha Narula: Director, Digital Currency Initiative at the MIT Media Lab.

It is important to note that the vulnerability they discovered no longer exists in IOTA, however, Neha had this to say:

There are other red flags — unlike every other program running on your laptop or phone, IOTA uses ternary instead of binary. Since all computer hardware today uses binary, IOTA converts to ternary in software, which is less efficient and more complex. This complexity prevents IOTA from benefiting from existing security analysis tools that are designed to work with binary, and makes the code harder to read and understand. Another inefficiency is that transactions in IOTA are 10KB (in contrast, Bitcoin transactions are on average 600B), meaning that this is not well-suited to devices with limited storage, like those used for IoT, one of the developers’ primary use cases. The current IOTA tangle requires a trusted party (the coordinator) for security, suggesting that in its current form it’s not ready to run as a truly permissionless, decentralized system. Others have written about IOTA’s use of a trusted coordinator and asked about the incentive structure — whether users of their system have an incentive to converge the tangle if each acted selfishly.

… the fact that none of IOTA’s partners raised these concerns about a glaring vulnerability in a ~$2B cryptocurrency, or spoke about the other red flags, is worrisome. 

Once again IOTA proves that due diligence is vital before making an investment decision.

Recommended Article: Why I find Iota deeply alarming

  • dr evil

    not even doing propper research are we ?

    • Justin

      An email from Cisco saying no such partnership exists … not sure how it gets more proper

      • Confusing

        Cisco is big dude, not everyone knows all! Also there’s NDA, even if they have they can’t tell the details anyway.

      • Engma Morelos

        Rajiv is right IOTA is 100% confirmed with all the Corps. This guy must be a Btc or an Eth lover very angry with his old 70’s tech and he doesn’t hold any IOTA.

        Dude; buy Some IOTA relax and HODL!! IOTA is the future! IOTA is the bitcoin killer.

        Attentamente: The Mexican.
        Justin “Thank me latter little boy”.

        So 🙂 be happy and hold IOTA.

        🙂

        • C-Fu

          Stop whining and grow up.

      • paul

        And in the mean time – volume dissipated – price went down the drain, but no dude, it wasn’t a pump&drop combined with paid media articles (taking into account on how much money they made, they could’ve surely afforded it) – you should be sued – you will see “IOTA will change the world” – sarcastic. As you very well put it – was just rumors, maybe and a 2 mo whatever the hell will that be that will be the new wheel….. I ate a 20k loss on this shit and I think I would’ve eaten more if it weren’t for your post. As to all you hired posters – A+ you mfs did your job well although, you should be a little less aggressive – it stinks of scam when you do so.

        • Bernhard Rulez

          you call us “paid posters” mfers but tell us we should be less aggressive. go back to your sandbox boy!

        • reddfrog

          You lose 20K because you’re a greedy mofo who jumped in on the bandwagon without understanding anything. But thank you I made a nice profit from you. Come back again soon.

          • paul

            No dude – I lost 20k bcs all the free coins that iota dev got were sold during the last week and put into btc to be sold later for an even bigger profit. If I simply kept my money into BTC i would not have missed on this 30% increase. You advertise “HOLD IOTA” just to lure in more idiots to convert their BTC into IOTA which is really a very very stupid thing to do. Uh, btw – why is the iota network overloaded if the protocol is that revolutionary? Or you simply cut your oldest holders from the pie? What you do here stinks of RICO. Time will tell if the feds will come or not )

        • babyfarkmcgyzax

          Dude, it’s even BETTER for us if you think it’s a scam. Fuckin moron, you’re just a fucking trader, ku.

      • Engma Morelos

        Dude you are a fucking joke! For real A FUCKING JOKE!!!

  • Crypto Cunnie

    lol what a bunch of fud, supposed dude from iota follows 1 guy, https://twitter.com/SamuelReidIOTA/following, happens to be the dude who posted that earlier fud, what a coincidence

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  • Rajiv Shah

    I don’t think this could be any more clear:
    “We are excited to partner with the IOTA Foundation and proud to be associated with its new data marketplace initiative,” said Microsoft blockchain specialist Omkar Naik.

    https://www.linkedin.com/in/omkareshwar

    Tell me more about these “falsifications”

    • Justin

      That quote is no where to be found on his linkedin .. or Twitter …

      • Rajiv Shah

        That was simply a link to his LinkedIn to show that he works for Microsoft. Here’s the article that shows the quote.
        https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

        • Justin

          Yea you linked the article that I link in the beginning of this very article that shows how all this started. I cannot find anything official that has Omkar Naik saying that.

          • Rajiv Shah

            I find it interesting that you’re questioning the credibility of Reuters and The Next Web despite your inability to spell “Volkswagen”, your citation of Kyle Samani’s tweet that mentions an issue that was addressed months ago, and your lack of proper research in the area. In your reply from Cisco, who is “Taylor”? Additionally, Samuel Reid is not a member of the IOTA Foundation, but you would have found that if you actually did proper research outside of Twitter. I find it ironic that you’re questioning credibility when yours should be questioned first.

          • Justin

            Caught me on the spelling error thank you. I brought up the MIT glitch to show how IOTA handled the situation. Taylor is the Squawker editor, and yes Samuel Reid is a part of IOTA, according to IOTA
            https://blog.iota.org/welcome-samuel-reid-to-iota-744469bce973

          • Rajiv Shah

            I meant that you never verified him as the actual owner of the account. However, assuming he is the owner, is this not true then?

            https://twitter.com/SamuelReidIOTA/status/937904802670952449

          • Justin

            Could be, but announcing these partnerships were official, followed by billions in market volume resulting in an engineered pump and dump, … something is up

          • Engma Morelos

            Show me your photoshop dude!!! IOTA.org must sue this guy for real; I am telling the IOTA team about you man 🙂 🙂

          • Rajiv Shah

            “could be” and “something is up” make you sound like you’re unsure. If you’re claiming something of this magnitude, I hope you’re sure of your accusations.

          • reddfrog

            So you’re angry that people are investing in a tech that big companies see value in, and you’re blaming IOTA for the rise in market volume. You’re not a very bright little boy are you?

          • Rajiv Shah

            I’m curious what you think about this tweet that explicitly says “partnering”

            https://twitter.com/RolfWerner/status/935510223175012353

          • Engma Morelos

            Show me your photoshop dude!!! IOTA.org must sue this guy for real; I am telling the IOTA team about you man 🙂

            🙂 🙂

          • ColdDayApril

            You did not show how IOTA handled the MIT situation with one word, very one-sided.

          • Engma Morelos

            I smell a miner hating iota because he didn’t buy !! lol

          • Engma Morelos

            Show me your photoshop dude!!! IOTA.org must sue this guy for real; I am telling the IOTA team about you man 🙂

            🙂

          • Casey Malone

            Azure.

      • Engma Morelos

        Rajiv is right IOTA is 100% confirmed with all the Corps. This guy must be a Btc or an Eth lover very angry with his old 70’s tech and he doesn’t hold any IOTA.

        Dude; buy Some IOTA relax and HODL!! IOTA is the future! IOTA is the bitcoin killer.

        Attentamente: The Mexican.
        Justin “Thank me latter little boy”.

        So 🙂 be happy and hold IOTA.

        • Justin

          Show me official confirmation

          • Engma Morelos

            Show me your photoshop dude!!! IOTA.org must sue this guy for real; I am telling the IOTA team about you man 🙂

          • Engma Morelos

            You are getting so sued dude! You don’t have to talk shit you don’t even know just because you don’t have IOTA!!!

            🙂 🙂

      • Engma Morelos

        I think IOTA shold sue this crazy guy! IOTA is 100% working with all this corps he is just using photoshop because he smells like a miner.

        🙂

      • Engma Morelos

        Dude you are a fucking joke! For real A FUCKING JOKE!!! 🙂

    • Josiah Hutchinson

      Right? How hard is it to look up Omkar’s LinkedIn to see that he’s liked a bunch of Iota related articles? Looks like this Justin fellow can’t be bothered to do any proper journalism. If he did, he would have found this on his page: https://uploads.disquscdn.com/images/91652ec6c185edb95851778a741ac2232f9cb8e30f54c616f9f222743f8eeea6.png

      Who here thinks Omkar liked a post saying “Shout-out to Omkar Naik!” with his quote if the quote was made up?

      • reddfrog

        He’s not after truth. He’s just a turd-rate fudster, not a very good one, but a fudster nevertheless. IOTA foundation should really hire some lawyers to go after these types of people.

      • Justin

        I stand corrected. Why would he like this if he didn’t provide that quote. I will update the article

        • Engma Morelos

          You are getting so sued dude! You don’t have to talk shit you don’t even know just because you don’t have IOTA!!!

          🙂

        • Josiah Hutchinson

          Good on you to admit that I suppose. As for Cisco, they likely do not have a partnership with Iota for the data marketplace. However, Iota and CNBC do not say that they do. It seems to me that Reuters messed up and confused the TIOTA association as a data marketplace partnership, and the news spread to other outlets.

          • Justin

            If I was spreading nothing but FUD, no one would read my articles lol. Just trying to find the truth beneath the layers

          • reddfrog

            Finding the truth, lol. You can’t even write a balanced article. You posted that fud from Neha and MIT. All of those issues were refuted by CFB and other devs point by point months ago. Why weren’t those presented if you’re after the truth? Oh I see, you’re only interested in your version of the truth.

          • Engma Morelos

            Dude you are a fucking joke! For real A FUCKING JOKE!!!

          • reddfrog

            The post syas these companies are “participants”. Partnerships may mean different things to different companies. Where I live, partnerships mean you have a certain ownership of a company.

        • Engma Morelos

          Great news and we are partnering here #Fujitsu #IOTA #Data #Marketplace !!! https://pbs.twimg.com/media/DPuZlrBWAAA0yzT.jpg

          🙂

          • Justin

            Yes, but I do not see Cisco, Samsung or Volkswagen

          • reddfrog

            So who is doing the falsifying then? Some logic, please.

          • Jim M

            Nobody from IOTA team has even said that Cisco was onboard. That an internet rumor. They only stand by the list provided at data.iota.org
            Who knows who came up with Cisco but it wasn’t David or Dominik for sure.
            And also do you think the IOTA foundation (that has its own impressive roster of people) would risk getting sued by Microsoft, Fujitsu, etc by listing them as PARTNERS without their permission? You people are spending way too much time on the 4chan or reddit.

          • Josiah Hutchinson
          • ColdDayApril

            Imagine a wall, and a man standing behind it. I can not see the man. Does that mean there is “proof” that he’s not there?

          • RG80

            And this is VW (German with CC): https://www.facebook.com/morgenmagazin/videos/1980003118683163/

            Edit: also retwitted by Fujitsu HoCE -> https://twitter.com/rolfwerner

          • Engma Morelos

            Dude you are a fucking joke! For real A FUCKING JOKE!!! 🙂 🙂

      • Harold Squid

        How does that prove a partnership?

      • Virtual Machinist

        LOL! “We are using Azure and notebooks, so we are partners!” )))
        SCAM! 99% of altcoins – speculators.

    • Harold Squid

      That quote is not on the page.

    • paul

      Uhm – it’s an “initiative” that they are proud to be associated with. For example, I invent some new high tech toilet paper and organize a show and tell demonstrating how it’s being used. Then I get the lowest employee from MS to write on his personal profile the exact same words. Would that make me a partner with MS in any project? The official iota reply is real BS and only confirms the suspicions. They cannot be sued, because they did not say “we have a partnership with MS” – they just wrapped the toilet paper with gold foil and presented it as a solid bar ))

  • Thi Kra

    We have winner …….. FUD CONTEST 2017.

    • Engma Morelos

      IOTA must sue this guy

  • Engma Morelos

    Rajiv is right IOTA is 100% confirmed with all the Corps. This guy must be a Btc or an Eth lover very angry with his old 70’s tech and he doesn’t hold any IOTA.

    Dude; buy Some IOTA relax and HODL!! IOTA is the future! IOTA is the bitcoin killer.

    Attentamente: The Mexican.
    Justin “Thank me latter little boy”.

  • reddfrog

    Now that IOTA is a registered entity, they should start suing you for defamation. This should be very easy to do.

    • Engma Morelos

      agre 100%

      • reddfrog

        Justin better have a lot of bitcoins, he’s going to need all of them.

        • hamilton geyser

          lol I hope you sold your IOTA when you had the chance.

          • reddfrog

            I bought at 0.26. And with or without IOTA I’m rich. Try harder little girl.

  • Engma Morelos

    I think IOTA shold sue this crazy guy! IOTA is 100% working with all this corps he is just using photoshop because he smells like a miner.

    • carmen33

      I hold a lot of iota and I think you’re a jerk. He will change his mind with time. But you will still be a jerk, most likely.

  • Derrick

    Is that Chikun? Lol He mentioned he would say something negative because he got blocked from the slack page lol. Should sue this person for defamation

  • Wiri Heremaia

    We certainly do not have a genius writing this article.
    Any false partnerships advertised with these companies would be swiftly
    dealt with legally.

  • reddfrog

    So you’re saying CNBC, Forbes, and many other professional organizations worldwide are liars and people should just believe you, a random turd-rate writer on sqwaker and medium who is also too dumb to know that Neha is related to zcash, a competing crypto, and her arguments were all demolished by the dev CFB? As for your so called partnership lies, you should try writing a story about partnering with CISCO and Microsoft, spread it to all major news outlets, and see what gets delievered to your mail. Try again, boy.

    • Justin

      Yes I am saying they are wrong. There is nothing sourced. IOTA’s own blog does not have Microsoft, Cisco, Samsung, or Volkswagen listed. Cisco is the only one to respond so far and they confirm – there is no partnership

      • Engma Morelos

        You are getting so sued dude! You don’t have to talk shit you don’t even know just because you don’t have IOTA!!!

      • Engma Morelos

        Great news and we are partnering here #Fujitsu #IOTA #Data #Marketplace !!! https://pbs.twimg.com/media/DPuZlrBWAAA0yzT.jpg

      • reddfrog

        Your headline says IOTA falsifying partnership. Now you say IOTA’s own blog does not have Microsoft, CIsco, Samsung, or Volkswagen listed. So…. what is it really?

  • Jay

    Justin, Get your facts straight before writing up in future. People don’t blindly believe whatever garbage you write.

  • babyfarkmcgyzax

    Now you can remove Volkswagen from your list… https://www.youtube.com/watch?v=6QKpKXl5IS4

    • Tom Bo

      I am german. In this report there is nobody saying that there is a partnership between Iota and Volkswagen.

      • Justin

        It is the closest thing I could find. Nothing on Volkswagen’s site

      • babyfarkmcgyzax

        That’s true, but dude, come on, a Volkswagen official on a IOTA report…
        GO and read Dominik answer and stfu, fuckin paranoid dickhead.

        • Tom Bo

          I did some research on german sides (newspaper, business reports..etc..). All i can say is: I couldnt find any “partnership anouncements. The only thing i saw is: Companies like Volkswagen or Samsung general are looking out into blockchain tech. But not only for Iota. Of course this companies have a contact with Iota, but they have contacts to other blockchain building companies, too. Like with Brainbot for example Brainbot is in germany too. They are developing “The Raiden Network”…sidechain of ETH. I think you have to understand the difference: A real partnership is, when for example Volkswagen put money into Iota project for further developement. But this is not the case at all. Its only a non-binding contact. And Iota is marketing this non-binding contact, while other projects dont marketing these kind of random contacts.

  • Toy let

    So many mad people, truth is he’s not that wrong but you would care if he was 100% right…

    • reddfrog

      Give it up little girl, he’s just a fudster, and so are you. Get a life.

      • Toy let

        You are a total idiot.

  • Jay
  • This looks like a smear piece against Iota – And I can clearly see that its tone is very defamatory. I think you owe the Iota crew an apology!

  • Eric Newhuis

    I guess I’ll ask the Microsoft and Bosch reps in person on Friday.

    https://www.meetup.com/Chicago-IOTA-Meetup/events/244986575/

    • reddfrog

      Even if you produce a signed certificate from the CEO of MS and Bosch, he’ll just say it’s fake.

  • Chris Mack

    they’ve also stolen millions of dollars of investor’s funds in september. I’m happy to provide you with documentation to support this. They have been promising to release them since then, but have failed to do so every single time. Those funds are still completely locked up.

    • reddfrog

      So provide it, publicly. Why all the hiding. Go on we’ll wait.

    • Jim M

      Great. Looking forward to see. Be sure to post it on Reddit or some major outlet for everyone to see.

    • Mark Jones

      Come on, let’s be a little better about what they really did. They realized that some people had reused the same address for transacting IOTA (sometimes multiple times) and because of that their seeds were becoming insecure. So to stop the ACTUAL theft of those funds, the Foundation PROACTIVELY moved them into safe storage. The funds are not gone and they will be returned as has been noted by the team several times (Dominik posted publicly in the Slack channel about this subject on Monday I believe). To say that they STOLE the funds is simply hyperbole. Would you rather IOTA succumb to something like the DAO incident with Ethereum where funds were ACTUALLY lost?

  • Ben Thompson

    Hey @disqus_sjDi9QsLfz:disqus thanks for the research sincerely appreciate it! Crypto needs this transparency in order to survive. If this is true IOTA should let the public know, in order to save public trust. I believe Iota is a great project, I do not however, trust the Mainstream media. Great article pal and keep up the good work. We should reach out to the Iota team and see what they have to say about all of this, if its true it may not be their fault like you said.

    • reddfrog

      You do not trust mainstream media but you trust a random pipsqueak guy on the internet spreading FUD. Not a very smart boy are you?

  • Dominik Schiener

    Hey Justin, here to provide a more official response from our side. Many of the companies that we on-boarded to the data marketplace usually require 2 – 4 weeks to approve official press releases internally. Exactly due this reason we on-boarded these companies first, and they are now starting to work on official press releases on their end (in fact, several are going to be announced before the end of the year, where we will showcase how the data marketplace can be applied to their respective industries).

    The purpose of the IOTA Foundation is it to develop the protocol and bring adoption to it. What we are currently doing with this data marketplace is bringing all of these companies on-board to an innovative, but incredibly new concept (Data Marketplace powered by a DLT), and then working together with them on gaining a technical understanding (i.e. how IOTA can be the enabler of such a data marketplace) and thinking up creative business models (how are new revenue streams enabled for big companies).

    The marketplace itself is an on-going project (we usually refer to these as “open innovation initiatives”), where we first and foremost want to explore the potential of such a data marketplace together with the corporates and startups that are participating. You can find the official list of participants at https://data.iota.org – there are many more participating as silent participants, with no public mention. Because this is an open initiative, we have many more companies wanting to join (in fact, too many for us to be able to cope with the demand) and as a founding member of the Trusted IoT Alliance, we will be working on an interoperability piece to highlight that this is not just about IOTA, but about the entire DLT community.

    Regarding your vulnerability point: So far, every single major crypto-currency has had to deal with a bug (including Bitcoin and obviously Ethereum). The hash function in IOTA was no different, however there was some miscommunication, especially in relation to the vulnerability and the potential attack scenarios (which many experts agree are not feasible at all in practice). In addition, we have also contracted leading experts in lightweight sponge function, who will do a full cryptoanalysis on Curl and then work with us on a production-ready, peer-reviewed Curl.

    We at IOTA strive very hard to make IOTA the de-facto standard for Machine-to-Machine payments. The technology is still in its infancy right now, which is why these collaborations with bigger corporates are key in enabling us to achieve our mission.

    • Max Blue

      This incident has all the ear marks of a classic pump & dump. That response from Dominik Schiener sounds like gibberish and avoids the simple issue of weather IOTA currently has a “partner” relationship with the companies mentioned in the Reuters article or not. However, he kinda sorta admitted that they don’t because he’s purposely so vague. So how about an official press release from IOTA addressing the Reuters article head on? Terms like teamed-up and on-boarded are simply way too generic. Is there a business relationship or not? Does IOTA have contracts in hand or is it all simply wishful thinking? Did the IOTA people attend a convention and exchange business cards with some corporate representatives and now that’s a “partnership”? Just EXACTLY WTF is going on?

      • Mario

        Yeah!

      • Engma Morelos

        Dude you should get sued too! You talk like a btc miner that is shaking because you only hold btc 70’s old tech. Speed up and join the Tangle dude or cry when IOTA takes #1 !!

        – Mexican.

      • paul

        So in this case the paid press releases should be corrected to “IOTA dreams of a partnership”…..that would sound more like the real thing,

        • carmen33

          That makes no sense because making false and public claims about other companies would definitely be a roadblock to working with them in the future. And they’d get sued.

    • Mario

      How is it possible that only 19 people have seen this? And you have only 3 followers?

      • Engma Morelos

        Dude you should get sued too! You talk like a btc miner that is shaking because you only hold btc 70’s old tech. Speed up and join the Tangle dude or cry when IOTA takes #1 !!

        – Mexican.
        🙂

        • Mario

          I’m mexican too and I only have IOTA. Shout out to México.

          My question is why the founder of IOTA calling out a journalist/blogger on a public forum is not mainstream news and only 28 people have seen it?

          IOTA is managing billions of dollars, my money and presumably yours too. How’s it possible that no one knows that the Dominik Scheiner, co-fucking-founder is basically giving an insight on IOTA’s future?

          I’m literally betting that IOTA will become the currency for IoT. I want it to.

          • C-Fu

            Don’t mind that “Mexican”
            He has nothing better to do because he missed the dump.

    • C-Fu

      I was contemplating on buying iota for the long term, but this pr language fud reply makes it clear to me now. I worked in pr for a long time, and this reply sums it up pretty well: not a fucking real partnership (yet). It may be, it could, but at this moment, it’s not.

      Thanks for the article Justin. We won’t have this pr-language reply without your article.

  • RoqueNE

    You realize that there exist multiple videos with members of the listed corps? Just today Dominik was in German TV together with Johann Jungwirth (Chief Digital Officer of Volkswagen).

    Plus several *official* Press Releases. For example from Bosch.

    This article is 100% full of bullshit. You should be sued.

  • Tokyo Women Are Amazing

    This article is complete shit. Don’t miss out on IOTA. These people don’t know what they’re talking about.

    • reddfrog

      Oh they know. They know that IOTA is a threat to them that is why they’re abandoning their ethics to the devil in a desperate attempt to stave off the inevitable.

  • dr evil

    tbh .. i hope this guy fudded some of you ppl into selling 🙂 .. i have my bids filled

  • Maledetto ingrato

    there’s (or at least there was) definitely some sort of attention towards IOTA by MS as by this old blog entry on the Azure website https://azure.microsoft.com/en-us/blog/azure-blockchain-update-5/
    so at least the hope that’s not a scam is still there

  • Jay
  • Daniel Dalton

    Hi Justin, great read. Do you have a Twitter account?

    • Justin Danneman

      I do not, I’ve been using GAB instead. My user name is uireloading

  • Jim M

    There is so much FUD in this story that is not even funny.
    1) Cisco has never been confirmed by IOTA to be a direct partner. Point me to the official release or dev comment that confirms Cisco as a partner (hint: there isn’t one)
    2) Omar from Microsoft has issued a statement on it and has recently liked a bunch of IOTA groups in his linkedin profile. Quite the coincidence. Also quite blazen to assume that IOTA foundation would list an impressive list of partners and risk getting SUED for doing so. Do you really think MSFT would not immediately send a cease-and-desist if they saw their brand being used inappropriately at data.iota.org?
    3) I am not even bringing Rolf Werner who works for Fujitsu and has mentioned many times that they are partnering together and has met with Dominik several times. Check their twitter feed for pics of the 2 of them together.
    4) you call yourself a journalist and you use expressions like “something is up”? News flash, you are NOT a journalist and if you have semblance of journalistic integrity then you would take this piece down this very second as it has blatant inconsistencies and you obviously did not follow up with anyone except Cisco who is not even on their list! You are spending too much time on reddit or 4chan

  • Dude, you should sell your BTC now… Dont fight the future, it will come anyway!

  • Mark Jones

    Could this headline be more clickbaity??? Geez, at least Dominik was level headed in his rebuttal… I’d have been on the phone to my lawyers seeing such hyperbole and libelous crap.

  • OvTopik

    Justin Danneman – Professional serious journalist: Writes article titled “Proof” (x) “May be” (y). You’re revealing ‘proof’ something may or may not be something? What are you lacking to put your name and face to a title like that?

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  • DoubleYou

    What a silly article. The author is both ignorant and intellectually dishonest.

    Before explaining further, allow me to provide a sample of Justin’s other contributions to humanity:

    1- “DARPA’s Nanobot Projects EXPOSED. Plans to 3D Print Super Soldiers”
    2- “True Vegas Shooting Motive Revealed: US to Enact A.I. Quantum Mass Surveillance”
    3- My personal favorite, “Global Cyberware Attacks Could Be Bill Gates.” Spoiler alert: Bill Gates is “actively working to further evolve human enslavement” by spreading diseases.
    (Links to these and more idiocies at the end of my post)

    But let’s not live in the past! Here is why this particular article is a joke:

    – If IOTA is making this up, just having these companies’ logos on their site would have made them the target of cease and desist letters from the legal departments of these companies within hours. I’m not even talking about the announcements — just the logos!

    – If CNBC, Forbes, and dozens of other media outlets published an article based on false information, there would have been several retractions by now. How many denials has Justin found? Would he care to share them?

    – Although there were no significant retractions, there was a correction by Reuters concerning Cisco. And guess what? Reuters corrected its mistake because the IOTA team contacted them and asked them to do so (the article clearly states that now).

    – IOTA has NOT announced that Cisco is part of this initiative. The only officially published relationship between IOTA and Cisco is that they are both founding members of the Trusted IoT Alliance.

    – If you read IOTA’s announcement, it clearly stated that the news is about these companies participating in the Data Marketplace. IOTA has not claimed that Bill Gates directly funded the project, nor that IOTA has gained ownership of these companies.

    – A partnership is a broad concept, and it is not up to Justin to define what it is and isn’t. If these companies feel that IOTA’s announcements are false or exaggerated, it’s up to them to issue corrective statements (or, more likely, cease and desist letters).

    – Justin’s mention of the Curl security issue is intellectually dishonest. He doesn’t bother linking or citing IOTA’s official response to it (https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef). However, he does go on to “recommend” a redundant article written by a core member of a competing DLT.

    I could go on and on, but Justin has already wasted too much of my time!

    Links to some of Justin’s other juicy creations:
    https://squawker.org/analysis/global-cyberware-attacks-bill-gates/
    https://squawker.org/conspiracy/space-military-branch-created-alien-deception-imminent/
    https://squawker.org/analysis/ww3-2017-predictions-planet-nine/
    https://squawker.org/conspiracy/true-vegas-shooting-motive-revealed-us-to-enact-a-i-quantum-mass-surveillance/

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  • DoubleYou

    Ridiculous story!

    Summary/TLDR: The author’s claims are uncorroborated and detached from reality.
    ——————

    – If IOTA is embellishing, just having these companies’ logos on their site would make them the target of cease and desist letters from their lawyers. I’m not even talking about the announcement — just the logos!

    – If CNBC, Forbes, Reuters and tens of other media outlets published an article based on false information, there would have been several retractions by now. How many retractions have you found?

    – Despite no retractions, there was a correction by Reuters (and later, CNBC) concerning Cisco. And guess what? Reuters corrected its mistake BECAUSE the IOTA team contacted them and asked them to do so (the article clearly states that now). Notably, Microsoft, VW and Samsung are still mentioned after the correction.‪ https://reut.rs/2nGgl24‬

    – IOTA has NOT stated that Cisco is part of this initiative. The only claimed relationship between IOTA and Cisco is that they are both founding members of the Trusted IoT Alliance. The author is basically wasting his time researching and debunking something IOTA hasn’t even announced.

    – If you read IOTA’s statement, it clearly stated that the news is about these companies participating in the Data Marketplace. IOTA has not claimed that Microsoft has directly funded the project, or that IOTA now partly own Samsung.

    – Partnership in business is a broad concept, and it is not up to Justin to define what it is and isn’t. If these companies feel that IOTA’s announcements are false or exaggerated, it’s up to them to issue corrective statements (or, more likely, cease and desist letters).

    – Justin’s mention of the Curl security issue is intellectually dishonest. He doesn’t bother linking or citing IOTA’s official response to it (‪ ).‬ However, he does go on to “recommend” a redundant article written by a core member of a competing DLT.

    Having said, after looking at Justin’s profile, I am no longer surprised by his uncorroborated and crooked claims. Here’s a sample of Justin’s investigative journalism portfolio:

    – “DARPA’s Nanobot Projects EXPOSED. Plans to 3D Print Super Soldiers” ‪https://squawker.org/technology/darpas-nanobot-projects-exposed-plans-to-3d-print-super-soldiers/‬

    – “True Vegas Shooting Motive Revealed: US to Enact A.I. Quantum Mass Surveillance” ‪https://squawker.org/conspiracy/true-vegas-shooting-motive-revealed-us-to-enact-a-i-quantum-mass-surveillance/‬

    – My personal favourite: “Global Cyberware Attacks Could Be Bill Gates.‪” https://squawker.org/analysis/global-cyberware-attacks-bill-gates/‬
    Spoiler alert: Bill Gates is “actively working to further evolve human enslavement” by spreading diseases.

    The fact that Justin has amassed a whopping 3 followers and 9 shares makes sense, given his history of baseless claims and tin-foil paranoia.

    • SHeffo

      wow the OP got completely torn apart

      i don’t care about iota personally, but i don’t think the partnership is fake

  • Artem Gorod

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  • DoubleYou

    These claims are uncorroborated and their author is detached from reality.

    – If IOTA is lying, these companies’ logos on the IOTA site would be enough to trigger cease and major legal backlash. From the logos alone!

    – If Forbes, CNBC and tens of other media outlets released articles based on so much false data, at least some of them would have pulled down their articles. And they haven’t.

    – Reuters made a correction by removing CIsco. The rest of the article stayed up, still mentioning Microsoft, VW and Samsung. Also, according to Reuters, it was the IOTA team that contacted them to correct the list of companies. See ‪https://reut.rs/2nGgl24‬

    – IOTA has never said that Cisco is part of this project. The author’s “proof” is absolutely useless, as it debates something that IOTA hasn’t even claimed!

    – IOTA’s statement clearly described these joint efforts as a participation by these companies in its Data Marketplace. It did not claim any financial backing or M&A activity.

    – Partnership is a very broad idea in business. It could involve ownership stake, as it could involve a basic technical relationship. It is not up to the author to judge the validity of this term. Companies disagreeing with IOTA’s wording can bring it up. So far none of them has.

    – Justin’s mention of the Curl security fiasco is intellectually dishonest. He doesn’t bother citing IOTA’s official ‪disclosure, but he‬ “recommends” a redundant article by a core member of a competing DLT. You can find IOTA’s official response here: https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef

    If you think I’m exaggerating when I say that he is detached from reality, here’s a small sample of his portfolio:

    – “DARPA’s Nanobot Projects EXPOSED. Plans to 3D Print Super Soldiers” ‪https://squawker.org/technology/darpas-nanobot-projects-exposed-plans-to-3d-print-super-soldiers/‬

    – “True Vegas Shooting Motive Revealed: US to Enact A.I. Quantum Mass Surveillance” ‪https://squawker.org/conspiracy/true-vegas-shooting-motive-revealed-us-to-enact-a-i-quantum-mass-surveillance/‬

    – My personal favourite: “Global Cyberware Attacks Could Be Bill Gates.‪” https://squawker.org/analysis/global-cyberware-attacks-bill-gates/‬
    Spoiler alert: Bill Gates is “actively working to further evolve human enslavement” by spreading both malware and deadly diseases like Polio.

  • Casey Malone

    Wow. You sir, and this wanna be webpage, are FAKE NEWS. You’ve been called out by many in the comments, including IOTA. LAZY HACK.

  • lingmac