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1) No, the whole implementation of the ledger is written in ternary. Its current hasing function is called Kerl. The vulnerability that DCI claimed existed is i
by smrtfckr 9y ago
1) No, the whole implementation of the ledger is written in ternary. Its current hasing function is called Kerl. The vulnerability that DCI claimed existed is impossible to be used in the wild because an attacker would have to have seed level access to the wallet at which point, any attack vector becomes moot.
2) The IOTA Foundation and the community expressly warned not to trust unaffiliated sites. Saying they relied on them is just shady. Would we hang TBL for inventing email because people had their money stolen by nigerian scammers? No, because shifting blame on the man would be even more stupid than wiring thousands of dollars to someone you don't know. Seedgeneration is, in this current non-feature-complete implementation simply not a priority. Creating a seed is not hard and if you can't muck one up, nobody is forcing anyone to try and feed their greed trying to "enter at the ground floor, lambo lol!!!" using IOTA. I would wait for a wallet implementation that comes with a generator.
3) IOTA is very very young by far not feature complete. Hanging it out to dry because it isn't yet isn't exactly fair. Everything had to start somewhere. Though, with all that in mind, it still works rather well in my experience and it scales. It solves a lot of problems inherent with blockchain and it has a future market goal it wants to service. The rest is speculation. As always, I guess.
- mikeash 9y agoWhy would ternary be at all a good basis for this sort of software? I could imagine some use cases at the hardware level, but in software it’s just nonsense.