IOTA: A tangled mess
codesuppository.blogspot.com
IOTA: A tangled mess
1–10 of 253 posts
Re: IOTA: A tangled mess
#2IOTA wallet is full of really bad bugs, just look how bad it is on first pages, the more pages you skip, the worse it is. It still doesn't work on Linux, for many users wallet crashes or shows green screen and nothing more. Doesn't work through Wine either.
https://github.com/iotaledger/wallet/issues
Issues on github have no responses from developers since early November and there were no commits since than, what's surprising, there were a lot of blog posts on their domain and many subreddits how great they are (!!??)
BitFinex two week ago had problems paying out IOTAs, payouts were cancelled without any reason. Didn't try again since that time.
A lot of domains explaining how to buy IOTA look dodgy, like they were made by 14yo in '90s. There are dozens of domains like supportiota, forumiota, iotasupport.com, howtobuyiota.co.uk ? Why do they all exist and duplicate content?
Watch out out there.
Re: IOTA: A tangled mess
#3why would you dump $2,000 dollars into a crypto coin you don't understand
Re: IOTA: A tangled mess
#4why would you dump $2,000 dollars into a crypto coin you don't understand
Because you don't understand any crypto coin, but know or have heard of people who have dumped large sums into some coin and brag about their returns, so you want in on the gold rush.
FOMO, essentially.
Re: IOTA: A tangled mess
#5why would you dump $2,000 dollars into a crypto coin you don't understand
The author dumped a lot more than $2,000 into IOTA.
They mention buying 26,000MI at $0.85, which would be a $22,100 investment. Just 5,600MI was worth $28,000 at $5/MI.
Why anyone would put that amount into a cryptocurrency they don't find trustworthy is beyond me.
Re: IOTA: A tangled mess
#6why would you dump $2,000 dollars into a crypto coin you don't understand
Because you don't understand any crypto coin, but know or have heard of people who have dumped large sums into some coin and brag about their returns, so you want in on the gold rush. FOMO, essentially.
Let's be fair, the author did do more research than 95% of other investors before buying...
Re: IOTA: A tangled mess
#7Earlier quoted context omitted.
Because you don't understand any crypto coin, but know or have heard of people who have dumped large sums into some coin and brag about their returns, so you want in on the gold rush. FOMO, essentially.
Let's be fair, the author did do more research than 95% of other investors before buying...
True but he’s still playing with fire. No one knows when the bull market will dry up but lots of people will end up losing money.
Re: IOTA: A tangled mess
#8The post mentions the psychology today article but I’d like to say it’s actually a pretty okay article:
https://www.psychologytoday.com/blog/mind-in-the-machine/201...
(Author should disclose if he owns IOTA however)
Re: IOTA: A tangled mess
#9why would you dump $2,000 dollars into a crypto coin you don't understand
Because then people will say - he is an outsider so his opinion is FUD or maybe he is jealous because he missed out the rally to $5 and trying to tank the price.
There is no winning this debate in cryptocurrency, is it? Damned if you buy and damned if you don't.
Re: IOTA: A tangled mess
#10As I understand it, the problem with IOTA is that — in order to execute an attack — attackers just need to verify more transactions than all honest participants combined.
So, in other words, honest participants have no incentive to verify more transactions than required (because they don’t profit from it) while attackers have an incentive to verify more transactions, in order to successfully double spend.