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I expect more from the HN community. Are you guys doing your homework before commenting? Doesn't seem so. 1. about crypto Every time there is some news about i
by disappointedrdr 9y ago
I expect more from the HN community. Are you guys doing your homework before commenting? Doesn't seem so.
1. about crypto
Every time there is some news about iota here the usual 'don't roll your own crypto' comes up.
Yes, I think everyone agrees that doing that, if you don't know what you are doing, is dangerous. This is especially the case for you app and web developers. You guys have no business rolling your own crypto.
But think about it, if nobody rolls their own crypto then how will crypto progress?
Their use case is valid, they need something lightweight for IoT. They are trying to push the current state of the art.
They hired a company to help them improve their algorithms.
https://blog.iota.org/iota-foundation-hires-cybercrypt-615d2df79001 https://blog.iota.org/iota-foundation-hires-cybercrypt-615d2...
2. about 'fake' corporate partnerships
There is already so much clarification to be found via google but let me repeat.
We had this blog post announcing the data marketplace:
https://blog.iota.org/iota-data-marketplace-cb6be463ac7f https://blog.iota.org/iota-data-marketplace-cb6be463ac7f
where some quotes from companies can be found. The mass media took this and interpreted it the way they wanted to. I mean just check headlines in newspapers etc. They are 90% bullshit.
And because of that you give the iota people so much flack? You denounce them as liars and whatnot. Very unprofessional. They never themselves said 'we have a formal partnership with Microsoft'. It's the people writing news articles, writing reddit comments, doing YouTube videos that interpret things, and other people just accept that as the truth.
Go to the source for information, don't take third party info for the truth.
I know the crypto space has a lot of people manipulating markets and ripping people off. But having followed the iota people for some time they, to me, don't seem like ill-natured people.
3. about ternary
Similar to point 1, keep an open mind. They have a hardware startup working on ternary hardware for IoT. So arguing that emulating ternary on binary is shit makes no sense. That's not the purpose for iota. Iota is for IoT. The project is kept under wraps so we don't know much about it and now you might say, why believe them?
Well, no proof but, if you think about Bosch investing a large sum in iota and knowing they tried their tech for the last your, don't you think they vetted it and thought it could have potential? Bosch is a huge company with LOTS of experience in hardware. I am pretty sure they got a look at the ternary hardware, too.
Instead you guys think you are better than Bosch in making decisions, even you have none of the info Bosch has. Ridiculous.
4. coordinator
There is not much to say here. If I say 'in the future there won't be a coordinator' you guys will just say that won't happend. Anyway, think about how decentralized Bitcoin is.. got it? Not much. Pretty much centralized. 2-3 companies having most of the mining power. So why cry about the coordinator? No idea.
I wish for this community to be a bit more open and forward thinking and not just regurgitate things like 'don't roll your own crypto'.