the protocol was designed specifically for use on connected devices, but nearly all of that information is wasted, sitting in siloed databases and not making money for its owners.

Response Two:

Whether or not IOTA’s ledger is “tamper-proof,” the entire IOTA network went down in November, and was completely inoperable for about three days. That this has never happened in Bitcoin or Ethereum suggests the extent to which the IOTA network relies on the “coordinator”—a single point of failure—and is not truly decentralized.

IOTA developers were able to transfer funds out of users’ IOTA accounts.