Wow....do you know anything about the Tangle? Iota is an "Internet of Things" solution that is FAR from a scam. The value of Iota may be nothing but the technology are adopted by many including Bosch and Mitsubishi and soon enough every car maker on the planet will need Iota.
Also if Bitcoin doesn't adopt some of the Tangle Technology they will suffer. The Tangle does have redundancy for security purposes but basically as more and more devices come onto the network their technology actually gets faster and faster since the additional devices are all contributing and not all working on exactly the same exact thing.
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