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I think the biggest issue here is that even though this post is well researched, most people don't care, because they haven't invested in IOTA (or any other cry

I think the biggest issue here is that even though this post is well researched, most people don't care, because they haven't invested in IOTA (or any other cryptocurrency for that matter) with the intention of using the features. The large majority is in it for the trading. Unless there are huge issues such as the network crashing, they don't care. It's just a line chart on an exchange to them. That's also why there are no repercussions for people never delivering on ICO promises. It kinda scares me.

SimbaOnSteroids 9y ago
Exactly this, for me, what crypto represented, when I put money in it, was a way for me to take the skills I learned trading fake video game items in runescape, and apply it to something that people would pay real money for. It's been a rather profitable venture for me but I realize that is the exception rather than the rule.
nosuchthing 9y ago
Whether or not IOTA’s ledger is “tamper-proof,” the entire IOTA network went down in November, and was completely inoperable for about three days. That this has never happened in Bitcoin or Ethereum suggests the extent to which the IOTA network relies on the “coordinator”—a single point of failure—and is not truly decentralized. The network did crash when IOTA pulled its centeral authoritative 'coordinator' server offline causing all other nodes and clients to go offline. This was during a patch from an exploit discovered by MIT researchers. IOTA later denied the flaw existed, even though they took the network offline to patch it. https://www.media.mit.edu/posts/iota-response/ https://www.media.mit.edu/posts/iota-response/
davidgerard 9y ago
> Unless there are huge issues such as the network crashing, they don't care. When the network literally didn't work, the price went up. (Because the "price" is a thing that happens inside individual exchanges, not on the public blockchain/tangle/whatever.)

SimbaOnSteroids 9y ago

Exactly this, for me, what crypto represented, when I put money in it, was a way for me to take the skills I learned trading fake video game items in runescape, and apply it to something that people would pay real money for. It's been a rather profitable venture for me but I realize that is the exception rather than the rule.

nosuchthing 9y ago

Whether or not IOTA’s ledger is “tamper-proof,” the entire IOTA network went down in November, and was completely inoperable for about three days. That this has never happened in Bitcoin or Ethereum suggests the extent to which the IOTA network relies on the “coordinator”—a single point of failure—and is not truly decentralized. The network did crash when IOTA pulled its centeral authoritative 'coordinator' server offline causing all other nodes and clients to go offline. This was during a patch from an exploit discovered by MIT researchers. IOTA later denied the flaw existed, even though they took the network offline to patch it. https://www.media.mit.edu/posts/iota-response/ https://www.media.mit.edu/posts/iota-response/

davidgerard 9y ago

> Unless there are huge issues such as the network crashing, they don't care. When the network literally didn't work, the price went up. (Because the "price" is a thing that happens inside individual exchanges, not on the public blockchain/tangle/whatever.)