I personally never understood the allure of IOTA, or its tangle system for that matter, because frankly, it all seems to be based on pure speculation so far.
The Massachusetts Institute of Technology actually found substantial flaws in IOTA's code, and brought them to light in a rather peaceful way, which gave IOTA time to fix their shit, and then they just played it off as nothing.
In my personal opinion, I believe IOTA is a lot like Dash, where the technology is kind of meh, but their marketing teams are top notch, so in a sense, everything they do is just hype, but hype that's marketed in such a fantastic way, hence their high dollar valuations.
Then there's the no fee claim, something IOTA fan boys absolutely love to shout about, which to me just makes no sense at all.
If no fees exist to make transactions, how will they fund the network?
I don't know, it all just seems too fishy for me to get behind, what say you guys and girls?