IOTA

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Talk soon

IOTA just wound up with a worse set of choices because the reality of this fundamental trade-off wasn't confronted. So instead of a considered optimization, we get a lopsided choice that fails to scale.

I strongly disagree with many of IOTA's technical decisions (trinary, custom hash functions, POW on transactions), and find some of their behavior deeply egregious to the point where it goes beyond mere negligence. The "security flaw as copy protection" thing is particularly offensive, and makes it difficult to trust the current dev team.

IOTA is a scam.

IOTA is garbage.

We have evidence that IOTA intentionally has been misleading their community.

IOTA is more appropriately described as a “crowdsourced hate machine” these days.

IOTA has some promising ideas. Its community needs to learn to be better team players though.

IOTA, made by the same geniuses who rolled their own cryptography without peer review, harassed the cryptographers who found the vulnerability, and tried to cover it all up with increasingly absurd excuses.

IOTA's primary pitch is to be infinitely scalable and free. This requires that users run nodes that validate transactions, and that these "users" can be things like a toaster to be applicable for IOT. Tangles use tiny amounts of PoW to validate and prevent spam. But.... if the PoW required is so low that your toaster can do it, then it's also low enough that a bad actor can mess up the graph with cheap spam.

IOTA is a bad joke but still has a $4B market cap, 5x that of last summer. ICO market seems frothy still.

A quick reminder that it’s November 2018 and IOTA *still* depends on a centralized server to keep their network from forking.

I like to think the markets will eventually abandon tech-train-wreck coins (like IOTA).

Most of the stuff in this space doesn't get actively exploited. Look at BTCP or IOTA, both terribly, hilariously insecure, and, yet . . . nothing. That doesn't make them secure; it only means there is lower-hanging fruit for people to exploit.

IOTA is amazingly bad. I find it hard to believe it's valued at billions of dollars. I guess they have great marketing or something. I never got into it because I looked at their Java reference implementation and found it to be a mess.