Thank you @steembusiness - I have to admit, that I jumped on the IOTA train before doing my own research and trusting my intuition - mainly because of FOMO. Over the past 2 weeks I watched very closely how the IOTA management acted and the idea behind it all - as well as at which stage they really are regarding the software etc.
My conclusion is, that from a business perspective, the management seems to be totally clueless and not in touch with their user base - only re-acting instead of acting and steering the ship.
The moment you start to justify on a public scale, you have lost the game anyway....
The timing of their PR and the reality behind their product are also worlds apart, which leaves the users with a very bad taste...
Besides that, at the current stage one can just say, that the IOTA wallet is a huge fail. People are losing their IOTAs and get blamed for having done something wrong (like attaching and reattaching to the tangle, which btw. didn´t work for me at all!).
This whole project - may it be a scam or just totally incompetent business behaviour - is at best in a very early pre-alpha state - and it´s way too early to handle real money transfers - certainly not in the millions/billions.
So one could say, that this is just "normal" with blockchain tech, BUT it´s not! There are other blockchain project in this area - for example #Cardano - that have a very clear timeline, are WAY ahead in development AND have a working infrastructure!
You can´t just rest on the "we are in the early stages" justification.
So yes - I´m out of IOTA and not because of FUD, but because however the coin will develop over the next months, if there are so many things wrong on so many levels, the whole system is sick and are doomed to fail on the long run.
Sorry for writing so much, but these are just a few of my thoughts on this topic....