it enables fee-less transactions between the owners of the data and anyone who wants to buy it—and there are plenty of companies that want to get their hands on data.

IOTA uses a “tangle,” which is based on a mathematical concept called a directed acyclic graph.

Response Three:

Orcutt’s claim that IOTA is free of fees is misleading. IOTA users do the proof of work on their own devices, per transaction.

the work required is a fee. Restricting the ways in which the fee can be paid—requiring that the work be done on a user’s own device—doesn’t make it go away.

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 w...