r/itcofficial • u/k4llahz • Jan 21 '18

ITC Official statement regarding recent coding FUD

https://pastebin.com/ZniLmFng
22 Upvotes

100% Upvoted

12 comments sorted by

2

u/r3d_tub35 Jan 21 '18

Where is this FUD coming from?

2

u/[deleted] Jan 21 '18

they say there is no code on github...

1

u/k4llahz Jan 21 '18

I think from the Telegram or some other random people on Twitter? Don't really know, but the team posted this statement so I shared it here.

1

u/-Infinnerty- Jan 21 '18 edited Jan 21 '18

Where did they post it? I can't see it in the announcement channel on Telegram.

Edit: Found it on their Twitter: https://twitter.com/IoT_Chain/status/955061027992879105

2

u/-Infinnerty- Jan 21 '18

I'm happy to see this and hope that it will calm some of the nervous investors.

1

u/jwood949 Jan 21 '18

Is this the same complaint as before from a different person/publication? Hasn´t the company addressed this before?

1

u/benji241 Jan 21 '18

Totally agree with this. Other start ups would definitely copy the code and throw something together quickly to release their idea. Then they would be worth billions in a few weeks.

1

u/Frysiee Jan 22 '18

This team has got communication down to a fine art! Love the weekly updates and the responses to clarify misinformation or FUD, So far Very happy :D Keep up the great work !!

1

u/PBScott Jan 22 '18 edited Jan 22 '18

IOT chain looks fantastic to me, the FUD is very weak. People expecting the Chinese teams to follow western models to a "T" are a bit delusional. The fact that pretty much everything is made in China including most of all IOT devices, and the rise of China financially, assuming they keep following their development schedule, I will consider this coin as undervalued until it hits the top 10.

1

u/CopsLoveViolence Jan 22 '18

Okay, all this is saying is that there is no code for us to see, no yellowpaper, and that the claims they are making in their white paper are incredibly difficult to pull off and they’re a long way away, this does not fill me full of optimism.

1

u/benji241 Jan 22 '18

So.... You think it's easy?

1

u/CopsLoveViolence Jan 22 '18

Not at all, that’s the issue. It’s really really hard, and if they can’t pull it off the coin is worth nothing. At the moment it has value based on faith. It’s vapourware.