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It would be nice to read an attack on the technology rather than an article highlighting hater quotes on the feuding misogynist, ego-maniacal founders. Iota re
by psychlops 7y ago
It would be nice to read an attack on the technology rather than an article highlighting hater quotes on the feuding misogynist, ego-maniacal founders.
Iota remains a speculative cryptocurrency. It does not rely on the technology before it and is not a copy-paste crypto like many that came out of the last boom cycle.
I still think it is quite innovative. That said, it may eventually fail due to its poor implementation. The value of it on the exchanges reflects the fact that it may survive this latest fiasco.
- lalaland1125 7y agoThe article does go into the flawed technology: the hilariously poorly thought out trits, the flawed internally developed hash, the centralized nature of the system, etc etc. IOTA is to technologically flawed that it's amazing that it's worth more than $0.
- psychlops 7y agoThe trits are bizarre and introduce complexity but isn't necessarily a critical flaw. I don't see anything in the article about them. They rolled their own crypto, but later corrected it. Indeed, it has had their centralized Coordinator with plans to decentralize. Is that a flaw? Maybe, but it's also a scaling issue. The distributed proof of work is novel as well as the absence of centralized mining and transaction fees.
- jki275 7y agoThey "corrected" it when they were called out on it, while claiming it wasn't a problem, and also claiming they did it on purpose so that if someone "stole" their code they could attack and destroy anything someone else would create. Truly bizarre bullshit.
- psychlops 7y agoI don't recall reading about their rationale that way. Only the unholy way in which they defended it, while swapping it out then sequestering all iota until claimed through centralized means. Sadly, I don't think that the blind defense of flawed security is that bizarre and is all too common today. That said, it was corrected and seems solid to date.
- jki275 7y agoSolid? The entire ecosystem has been down for two weeks because it's a centralized shitcoin. There's nothing "solid" about this. It's a scam. And yes, that's exactly how they described it.
- psychlops 7y agoWhat's not solid about their current Kerl implementation? It's a scam? Any link to how they are intentionally stealing money? I'd like to know how you know.
- jki275 7y agoI don't have the time or inclination to engage with shills. Read for yourself and make up your own mind. https://bitcointalk.org/index.php?topic=5227016.0 https://bitcointalk.org/index.php?topic=5227016.0
- Erlich_Bachman 7y agoNot just more than $0, it has been in the top 10 cryptos by market cap for most of its history :(.
- 101404 7y ago> misogynist ... founders Where you got that from?
- psychlops 7y agoFrom this: "By 2019, members of the IOTA community earned a reputation for routinely harassing women security experts, like Open Privacy founder Sarah Jamie Lewis, who found flaws in IOTA research." Fair enough that it's implicating the community and not the founders, but is in the same paragraph with the Sonstebo/Narula scandal. I see that I did infer, but perhaps that was the intent.
- 101404 7y agoSo one unproven claim from one person, amplified by an author who has a clear intent to paint the project as bad. Congratulations.