Is IOTA (MIOTA) better than Ethereum in the machine economy?

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A few days ago, IOTA (MIOTA) unveiled project Qubic, which is aimed at giving IOTA smart contract capabilities. This drove in lots of optimism in the IOTA project. However, many investors have been wondering how IOTA will compare to Ethereum and other platform blockchains, with the entry of project Qubic. Well, in an interview, IOTA founder has clarified on this, and from what he had to say about it, IOTA (MIOTA) is about to change the smart contracts market as we know it today for good.

One of the areas that he touched on is the fact that with Qubic, IOTA (MIOTA) has a scaling potential that is impossible to achieve with Ethereum.  His argument is that scalability has to take into context limitations of computing devices such as bandwidth and power costs. These are issues that blockchain based platforms like Ethereum cannot practically deal with, but IOTA can, because it uses tangle technology. Tangle also makes IOTA (MIOTA) feeless in the execution of smart contracts unlike Ethereum. In essence, in the internet-of-things space, where IOTA is bringing in smart contract capabilities, Ethereum just can’t compete.