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IOTA: Cannot be used for IoT, loss of funds may occur

shitcoin.com

11–20 of 109 posts

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#11
post #8
post #3

I'm the author of the blog post. Thanks for posting! I can answer any questions you have about the IOTA review or other shitcoin reviews.

Great blog idea. I really enjoy how you are reviewing the hands-on user experience of working with a coin and chain.

Thanks! It takes quite a while to do it this way, but lets people scroll through and look at screenshots of the nightmare they will now hopefully avoid.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#12
post #7
post #6

Earlier quoted context omitted.

I love learning about cryptocurrencies through shitcoins. It helps keeping perspective in check. Keep up the great work.

Thanks! If you have a shitcoin you want me to review, I'm open to suggestions.

Don't know if it's a shitcoin, but can you review XRP / Ripple?

The company claims that 100s of banks and financial institutes are using their technology, but ALL 100+ institutions are only evaluating / doing pilots.

Company has been around since 2011, I am very curious why there isn't a single big name that has put it's weight behind this for real production use.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#13
Great article. I chuckled quite a bit. This reminds me of my attempts to check out Cardano. There was no working Linux client. (I checked again today: Still no Linux client. The latest release of the software appears to be from September 2017).

I then tried to build from source. I'm doing some Node development so I have Node v8.x installed (the current LTS version). Turns out the wallet requires Node v6.

At that point I gave up. I also read that Cardano has some great concepts but right now it's still in its first, centralized phase.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#14
post #9

Of course it's not meant for IoT. It's written in Java, has the whole ternary nonsense going, and uses custom crypto, which would be really slow to implement, compared to hardware-accelerated RSA or AES most cheap embedded chips have nowadays. I, for one, am excited for the moment a cryptocurrency arrives that is actually usable for its supposed use. Every time someone claims to be a cryptocurrency for X (be it file…

Any in particular you think might pull that off?

There's a few I follow (VeChain, Monero, Nano, GET) but like you I find it quite hard to imagine more than a handful that could realistically achieve the aim(s) they've set out to do.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#15
post #3

I'm the author of the blog post. Thanks for posting! I can answer any questions you have about the IOTA review or other shitcoin reviews.

I hate how all the coin subs on reddit call anything that's not postive about their coin as F.U.D.

Someone posted this 'rebuff' to your blog post on reddit.

https://www.reddit.com/r/CryptoCurrency/comments/7we3x0/rebu...

Direct link: https://medium.com/@ralf/andreas-brekken-proves-he-has-no-cl...

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#16
post #13

Great article. I chuckled quite a bit. This reminds me of my attempts to check out Cardano. There was no working Linux client. (I checked again today: Still no Linux client. The latest release of the software appears to be from September 2017). I then tried to build from source. I'm doing some Node development so I have Node v8.x installed (the current LTS version). Turns out the wallet requires Node v6. At that poin…

> its first, centralized phase

Yikes.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#18
post #7

Earlier quoted context omitted.

Thanks! If you have a shitcoin you want me to review, I'm open to suggestions.

Don't know if it's a shitcoin, but can you review XRP / Ripple? The company claims that 100s of banks and financial institutes are using their technology, but ALL 100+ institutions are only evaluating / doing pilots. Company has been around since 2011, I am very curious why there isn't a single big name that has put it's weight behind this for real production use.

I interviewed to work at Ripple in 2013! I don't know how interesting the review would be. Ripple is completely centralized. I'll think about it.

Re: IOTA: Cannot be used for IoT, loss of funds may occur

#19
post #7

Earlier quoted context omitted.

Thanks! If you have a shitcoin you want me to review, I'm open to suggestions.

Don't know if it's a shitcoin, but can you review XRP / Ripple? The company claims that 100s of banks and financial institutes are using their technology, but ALL 100+ institutions are only evaluating / doing pilots. Company has been around since 2011, I am very curious why there isn't a single big name that has put it's weight behind this for real production use.

My impression was that even those aren't using XRP (the token) but are using non-cryptocoin stuff from the same company.
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