4 ms·
While it's probably not the main problem with IOTA I must say that the ternary logic is probably the most amusing and baffling thing about it. This kind of hubr
by simias 9y ago
While it's probably not the main problem with IOTA I must say that the ternary logic is probably the most amusing and baffling thing about it. This kind of hubris is something I would expect from a very junior developer without much real world experience who already thinks he's got everything figured out.
How can one rationalize starting a super ambitious cryptocurrency project and on top of that decide to reimplement their own crypto using ternary logic for some vague theoretical benefits that would only pay out if IOTA ever becomes mainstream enough (and the benefits large enough) for people to create not only dedicated chips for it but entire industrial processes to make ternary logic silicon.
It's also completely misunderstanding the current state of IoT, chips capable of doing high grade (binary) cryptography in a reasonable amount of time nowadays are worth next to nothing and their consumption is almost negligible. It's not premature optimization, it's too-little-too-late optimization.
Doing that as a fun week end project to learn about ternary? Sure. As the foundation of your multi billion dollar cryptocurrency set to revolutionize IoT? Come on.
- throwawaylolx 9y agoThis is even more amusing when coupled with the thoughts of IOTA followers: https://www.reddit.com/r/Iota/comments/73w6i7/why_ternary_arithmetic_in_iota_by_using_a_ternary/ https://www.reddit.com/r/Iota/comments/73w6i7/why_ternary_ar... The two most voted comments are as follows: >It's a little overwhelming seeing IOTA do all of these things so far beyond other crypto projects. Blockchain tech is already bleeding edge but then add in ternary, quantum resistance, DAG, infinite scaling, free transactions, and AI resistance... It can be a lot to soak in for the average blockchain investor. But that just means time is even more on IOTA's side as it slowly proves itself :). This coin is going to turn the crypto space upside down. >IOTA is thinking ahead into the future but people seem to think their decision to go Ternary is "stupid" not realizing they are just that far ahead in their vision.
- siruncledrew 9y agoIn other words, people are trying to pump up the price of IOTA.
- wmf 9y agoLess cynically, the reason we have to warn people about crackpots is that it's human nature to believe them.
- SAI_Peregrinus 9y agoIt also ignores the fundamental realities of CMOS: binary is more energy efficient than trinary. You can save a few transistors (and thus die area) by using trinary, but you vastly increase your power use & heat dissipation to do so. It's not even optimization!
- fathomit 9y agoIOTA was started after their ternary chip JINN project. IOTA was made for JINN.