Cryptographic vulnerabilities in IOTA • Hacker News Board

Re: Cryptographic vulnerabilities in IOTA

#71

Post by rodarmor » Fri, Sep 08, 2017, 7:24 PM UTC

kimcheekumquat wrote: post #70

rodarmor wrote: post #23

IOTA is trash for this and other reasons. You should short it. Issues: 1. Double spends are devastating and easy, since they permanently split the tangle. 2. With no transaction limit, syncing from the beginning of time will take forever. 3. With no transaction limit, keeping up with network traffic will be impossible. (Especially on IoT devices. 4a. Nobody is going to use power and die space on IoT devices for the P…

I suggest you add these comments to the IAMA going on right now: https://www.reddit.com/r/Iota/comments/6yvpfo/iota_ama_septe... Most of your points are completely moot.

Why are they moot? Also, the team is arrogant, incompetent, and dismissive, and r/Iota is heavily moderated by them.

Re: Cryptographic vulnerabilities in IOTA

#72

Post by rodarmor » Fri, Sep 08, 2017, 7:31 PM UTC

hapahaole wrote: post #46

rodarmor wrote: post #23

IOTA is trash for this and other reasons. You should short it. Issues: 1. Double spends are devastating and easy, since they permanently split the tangle. 2. With no transaction limit, syncing from the beginning of time will take forever. 3. With no transaction limit, keeping up with network traffic will be impossible. (Especially on IoT devices. 4a. Nobody is going to use power and die space on IoT devices for the P…

This guy is spreading lies. 1: Flat out lie, this has never happened. Prove it otherwise. 2: IOTA uses snapshotting, you don't need to sync from the "beginning" 3: Untrue 4: Untrue 5: The only thing so far you've said that's true 6: Untrue

1. It's a DoS vector. Can you think of why?

2. Then by creating new outputs one could make the snapshot arbitrarily large, making it impossible to sync a single snapshot.

3. Why?

4. Why?

5. So you agree there's an unfixable DoS vector?

6. Why?

Re: Cryptographic vulnerabilities in IOTA

#73

Post by rodarmor » Fri, Sep 08, 2017, 10:57 PM UTC

damian2000 wrote: post #66

rodarmor wrote: post #23

IOTA is trash for this and other reasons. You should short it. Issues: 1. Double spends are devastating and easy, since they permanently split the tangle. 2. With no transaction limit, syncing from the beginning of time will take forever. 3. With no transaction limit, keeping up with network traffic will be impossible. (Especially on IoT devices. 4a. Nobody is going to use power and die space on IoT devices for the P…

Even if you're correct on all fronts, there is an unfortunate expectation in the cryptocurrency world that this sort of shit is expected, and it makes the product stronger. Pretty much every exchange has been hacked at one time or another. Ethereum itself had a vulnerability, and they just forked it. Parity, the ethereum wallet software, had a vulnerability that put millions up for grabs .. the equivalent of a functi…

I think that Iota is different here. Ethereum has a lot of issues, but it is not unfixably broken in any fundamental way. Iota is unfixably broken in multiple fundamental ways.