Cryptographers Urge People to Abandon IOTA After Leaked Emails
spectrum.ieee.org
Cryptographers Urge People to Abandon IOTA After Leaked Emails
1–10 of 127 posts
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#2I Abandoned IOTA months ago after looking at their Github issues page. https://github.com/iotaledger/wallet/issues
Great idea, just a little too early for massive adoption.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#3Somehow I doubt kind of people buying IOTA are going to abandon it just because the core team is incompetent.
And to be honest they may be right. Because crypto offers instant liquidity, unlike in venture the people who are going to make the most money aren't necessarily going to be the best at picking the winners.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#458 days ago I posted a bunch of evidence about why IOTA didn't make sense: https://news.ycombinator.com/item?id=16039802
I think Bruce Schneier's take was particularly prescient: "In 2017, leaving your crypto algorithm vulnerable to differential cryptanalysis is a rookie mistake. It says that no one of any calibre analyzed their system, and that the odds that their fix makes the system secure is low."
The question is, though, is this going to make a difference to the people playing? Very little about the crypto space makes any sense. It's in a lot of ways just a database but harder -- so much harder -- because the community insists nobody can be trusted. In reality there are very few situations in which you really can't trust one other entity.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#5IOTA has seemed questionable for quite a while, and I'd also urge people to stay away from it, but is it just me or is Green's conduct here pretty out of line?
He says:
> If you want a postcard summary of why you should avoid the Iota project — with your brains and your money — this conversation is it.
but if you read the conversation he's referencing, he doesn't come off as reasonable in it either.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#6As an aside, is there anyone else extremely disappointed with the quality of discussion over at /r/cryptocurrency? This conflict over IOTA has been unfolding for a long time and the guys on that subreddit defend it fanatically, accusing DCI of "FUD"ing IOTA. I am not sure if the subscriber base is technically illiterate or users that hold a given coin have a strong incentive to dismiss any criticism.
As someone fascinated by the technology in the crypto space but very skeptical about the real-world usefulness of many of these projects, I wish I had a better forum to read beside the odd HN post.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#7Irrespective of whether IOTA has issues or not their constant hostility is surprising to say the least. If you run something in public domain there are going to be people coming after you. And people need to learn to adapt which IOTA is sorely lacking.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#8The amount of brigading by IOTA community also shows how toxic it is. Just look at the comments on the ieee article. Or the some of the tweets. They were also spamming the /r/MIT subreddit about the DCI.
Just watching this all unfold is making me realize how toxic parts of the cryptocurrency community is and it's making me really sad.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#9As an aside, is there anyone else extremely disappointed with the quality of discussion over at /r/cryptocurrency? This conflict over IOTA has been unfolding for a long time and the guys on that subreddit defend it fanatically, accusing DCI of "FUD"ing IOTA. I am not sure if the subscriber base is technically illiterate or users that hold a given coin have a strong incentive to dismiss any criticism. As someone fasci…
I agree. It feels impossible to find a cryptocurrency forum that's not filled with shills.
Someone should train an AI to detect shilling and use it in the comment ranking algorithm of a forum. Of course they'd probably release a whitepaper and do an ICO.
Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails
#10As an aside, is there anyone else extremely disappointed with the quality of discussion over at /r/cryptocurrency? This conflict over IOTA has been unfolding for a long time and the guys on that subreddit defend it fanatically, accusing DCI of "FUD"ing IOTA. I am not sure if the subscriber base is technically illiterate or users that hold a given coin have a strong incentive to dismiss any criticism. As someone fasci…
> I am not sure if the subscriber base is technically illiterate or users that hold a given coin have a strong incentive to dismiss any criticism.
Both of those are highly representative of the demographic that want to discuss such things on reddit. Others are often even moderated against from some of what I've seen and thus discouraged from discussion. I don't know about that specific sub-reddit, but it certainly happens in some. It's an important echo chamber for exuberant hype so people have a vested interest in protecting that in the mostly unregulated market.