IOTA - Hilo general

Ralf Rottmann - Today at 2:31 PM

All I can (and want to) say is, that the team is working hard on Q. It’s not something simple. It’s not like a C++ port of IRI or so. It has enormous potential and will blow you away. Folks who know me understand, that I’m very reluctant as to blowing things up or so. I am having the privilege to “watch” the team working on Q and only understand like half of the maths and technology behind it, but it will be huge. We will reveal more details to the public, once we’ve got our new website out and feel confident, that we have achieved a milestone. Again, IOTA is not just yet another thing on top of ethereum but fundamental R&D.

I genuinely think the release date is not that important. We have told some of our corporate partners about Q and received extremely positive feedback. I do understand the notion to ask for reliable release dates and we might not have done ourselves a favor “promising” releases in the past. It’s important to understand, that the folks who joined IF - including myself - are in it to really make a difference, not to artificially drive the value of a cryptocurrency. Q will not replace IOTA. It’ll be part of IOTA. IOTA stands for the vision of an autonomous machine to machine economy as part of a third industrial revolution.

And if you wonder, why we are so “secretive” regarding Q, it’s not to trick anybody into anything or foster speculation. It’s partly to protect intellectual property, while it is still very much in the making and because we want to be absolutely confident about it.

I sometimes think, what people genuinely underestimate - and what we haven’t communicated proactively enough - is, what it means to set up the non-profit here in Germany. Dominik and David have literally spent the past couple of months with lawyers, tax authorities and advisor almost all day long to get this done correctly and in compliance with German law.