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Lots of bullshit. Just a few points: A) Iota is a legit currency trying to do something new in the crypto space. B) The listing Bitcoin gold did not 'create'
by martinko 9y ago
Lots of bullshit.
Just a few points:
A) Iota is a legit currency trying to do something new in the crypto space.
B) The listing Bitcoin gold did not 'create' 2 bn usd - if you tried to liquidate even a fraction of that, you would drive the price to 0. There was significant demand from trader and speculators for its listing (not that I agree with it, but anyway).
C) Saying that a company that generates 30 mil. usd in revenues each month is worthless is really laughable.
D) This author has had a bone to pick with bitfinex for a long time. I consider him a shill with an agenda, and it is surprising that he is given so much space (even on HN) to spew his BS.
edit: formatting
- the_stc 9y agoIOTA made their own crypto, then when got called on it they denied it mattered at first. Then they backed down and said it was intentional! So that they could destroy anyone else using their open source code. When pressed to promise that they had not left more backdoors in, they refused. Of course they had to refuse, these were accidental bugs rolling their own stuff. That looks totally incompetent to me. Then mention centralized coordinator and they throw fits. Refuse to discuss it because it is only temporary. But judge for yourselves. Look at this nice comment by Vitalik Buterin (Ethereum) and the childish retorts from the IOTA people: https://www.reddit.com/r/CryptoCurrency/comments/72l7kp/why_i_find_iota_deeply_alarming_eth_core_dev/dnk2zdy/ https://www.reddit.com/r/CryptoCurrency/comments/72l7kp/why_...
- martinko 9y agoFair enough, the currency has questionable potential. However, the article seems to imply that bfx lists some questionable currencies, and I feel that that characterization is misleading.