9 ms·
IOTA isnt trustless, it has a central Coordinator, which can and has censored transactions before. Why dont they just use any SQL database? No one would be buy
by antocv 8y ago
IOTA isnt trustless, it has a central Coordinator, which can and has censored transactions before.
Why dont they just use any SQL database? No one would be buying their coins if they didnt lie and glitter their Coordinator around with "the tangle" and "muh quantum safe crypto hash function which is broken by rookie level cryptoanalysis".
- wslh 8y agoThat is the "genius" behind IOTA or even Ripple. Once you discover that you can publish just a symbol to trade no matter what is behind (beyond a curated story) it is very tempting to start your own cryptoasset, even if the crypto aspect is empty. Just imagine what can happen if you can list your symbol in the NYSE or Nasdaq just putting a database behind.
- andrewflnr 8y agoIt sounds like in-game currency without the actual game.