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7 years ago by rajivshah (43)
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So many issues with IOTA
claiming to be open source when you have closed source centralized control via coordinator that decides which transactions are real, changing hash functions for "copy protection" to hurt others trying to review code for security or replicate - completely unprofessional
https://www.reddit.com/r/CryptoCurrency/comments/6z5kfl/cfbs_response_to_neha_narulas_blogpost_iota/dmswzon/
https://www.reddit.com/r/CryptoCurrency/comments/6yom4o/we_found_and_disclosed_a_security_vulnerability/dmpeoyp/
https://hacked.com/iota-update-tangled-web-home-rolled-cryptography/
There is still no evidence that the mistake was added on purpose.
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lol, your name says it all! Your FUD is just completely unprofessional. You better take care of the eos problems
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Give me a call when you have a working product ;)
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me? I have nothing to do with it. I haven't even bought EOS yet.
As per working product, there's 2: you're using one right now
it's graphene and dpos with similar bandwidth and inflation model that processes tx faster than anything else and no fees. iota is controlled by a closed source dev node(s?) which apparently is also used as part of their plan to attack anyone who uses open source code of theirs.
That's so messed up.
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sure, so stay away from it.
given the gravity of what they have undertaken, and the weight of all the constant and continuous attacks, a 'DAO hack' at this stage would have catastrophic consequences, and even more so at a later point.
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This is a major issue. I have resteemed for the ridiculousness of these justifications and to implore everyone involved with Iota to rethink it and to make sure they are being prudent.
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I wouldn't stress. We're going to have fake and biased news until we have some filter and cost associated with publishing poorly researched thought pieces. Anyway, in the end the cream always rises to the top and IoTa looks like a promising project.
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This 'vulnerability' discussion is raising quite some dust in the IOTA community.
Therefore, I am pleased that there is also some good news: help the IOTA network with a tool to confirm more transactions.
See for more details: https://steemit.com/iota/@wekkel/iota-transaction-spammer-help-the-network
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I am still a believer in the project. IOTA is still in beta, so things wont be perfect.
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Great Post Rajiv !
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Thanks!
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Disclaimer: I am just a bot trying to be helpful.
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In cryptocurrencies, like in any other business, there are jelousy and big interest asking for no competetion. Do you think that if Microsoft and IBM are behind Blockchain, they would like another protocol to be created by anyone? Of course, not. So, there are also people in the media that have certain reputation and charge for doing special favor, like a good story for your company and a bad story for somebody else's company.
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I agree. But anyone who associates themselves with MIT should maintain some level of professionalism. They're acting like little kids
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I've had more trouble with the iota wallet than any other crypto wallet I've used. Downloading the wallet then looking for iri files and then trying to log in for 30 minutes then when you log in no coins. So you have to find out why. Then you have to download a new wallet then there is some sort of transition.. I have no confidence in iota
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overreacting and unchecked information... it's everywhere now... can we believe to anything at all? >_<
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When looking at Power Ledger and what they are trying to accomplish you ask yourself where would they fit into the puzzle that is Elon Musk. For instance: Elon Musk dreams to colonise Mars his ultimate challenge, however with this ambition he needs some key factors to fall into place before it could eventuate.
These key factors would be a
self sustainable energy system run on solar energy (Power Ledger)
a low energy un hackable and secure perfect working system that can scale, communicate with machines and technologies, link devices and basically run itself ( Iota)
obviously the machines and devices themselves (Tesla etc)
a supercomputer to be the brain of the system( Golem)
public approval ( so it will have to be tested first in just say Australia’s dessert and solar climate)
It might be me but these projects that have already began to spring up through ICO funding cryptos seem to fit into a puzzle that are endorsed by all the billionaires that have changed the world for the future such as Elon Musk, Bill Gates, Richard Branson and so on. Either this club of elites has already began turning the wheels or they need to catch up for a beer. 🍻
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nice one man.
the part about the questionable ethics should really be raised louder, as it says quite a bit about some people.
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