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Cryptographers Urge People to Abandon IOTA After Leaked Emails

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Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#11

Post by justboxing »

boreas wrote: post #6

As 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…

> 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

It's not just IOTA. It's more or less any of the top 10 / 20 (by MarketCap) Crypto-currencies on the respective sub-reddits. It's especially bad on r/Ripple where anything critical of Ripple / XRP is instantly deleted by the mods in the name of F.U.D (Fear, Uncertainity, Doubt), and even a small +ve news is posted several times in a day, even trials of Ripple that doesn't even use XRP for the transactions.

And then there was this self-proclaimed shill who described in great detail how he made tons of money shilling various coins on reddit. https://www.reddit.com/r/CryptoCurrency/comments/7xkm0z/i_wa...

From what I've observed on r/Cryptocurrency and related coin subs on reddit over the past month or two, Reddit is being carefully manipulated by whales and scam coin creators to attract bag holders and manipulate the markets for a quick profit. And many of the mods engage in circle-jerk postings, maybe they are in on it too. Who knows.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#12

Post by abhv »

lucideer wrote: post #5

IOTA 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.

I am a researcher in cryptography who just read the full email transcript posted at [1]. I found Ethan and Neha's email responses to be patient and sincere.

In contrast, the IOTA team members Sergey and David have no idea what they are talking about. The IOTA constructions were broken, and instead of understanding that, they made bogus points and tried to attack the four DCI researchers in various ways.

In that context, I think Green's tweet represented a bit of frustration at the way public rhetoric is being misused.

[1] http://www.tangleblog.com/wp-content/uploads/2018/02/letters...

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#14

Post by Roritharr »

The crypto space to me is really frustrating. I've seen friends become something very close to scammers, I can't have interesting technical discussions about the topic without being called doomsayer and even when I pitch an idea what to use the Blockchain for, all I get is:"let's do an ICO and raise a shitton of money!" although that doesn't really make sense towards what I'm proposing.

I feel like the nerd in class that hopes that the teacher (regulatory bodies) will pinch those bullies so we can get back to topic. I hate that feeling.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#15

Post by Legogris »

I appreciate how the example collision (page 18 in the email dump) uses the lyrics of "Push it to the limit" by David Hasselhoff. The number 9 seems to be appearing a lot both in the collision raw text and previously when they refer to the bleed. I guess it has something to do with the function being based on trinary logic - could there be another flaw there related to this?

Also kind of amusing seeing the different sides of the IOTA team: Sergey is antagonistic and difficult to communicate while David tries to smooth things out and get everyone to play along nicely.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#16

Post by Waterluvian »

justboxing wrote: post #11
boreas wrote: post #6

As 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…

> 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 It's not just IOTA. It's more or less any of the top 10 / 20 (by MarketCap) Crypto-currencies on the respective sub-reddits. It's especially bad on r/Ripple where anything critical of Ripple / XRP is instantly deleted by the mods in the name of F.U.D (Fear, Uncertainity, Dou…

There may be people in on it, but I wouldn't be surprised if it's overwhelmingly just people defending their position. I've seen the exact behaviour I see at r/cryptocurrency in video games. No Man's Sky pre and post launch was exactly the same. Sensible people casting doubt on what it is you actually do with the game, being shouted down by those who are convinced it's going to be the greatest thing ever. Then lots of defensiveness against all the post-launch signals that it's a mess.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#17

Post by chrononaut »

justboxing wrote: post #11
boreas wrote: post #6

As 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…

> 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 It's not just IOTA. It's more or less any of the top 10 / 20 (by MarketCap) Crypto-currencies on the respective sub-reddits. It's especially bad on r/Ripple where anything critical of Ripple / XRP is instantly deleted by the mods in the name of F.U.D (Fear, Uncertainity, Dou…

It appears the content of the Reddit post has been deleted, but can be found at: http://archive.is/vvwl5

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#18

Post by siruncledrew »

justboxing wrote: post #11
boreas wrote: post #6

As 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…

> 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 It's not just IOTA. It's more or less any of the top 10 / 20 (by MarketCap) Crypto-currencies on the respective sub-reddits. It's especially bad on r/Ripple where anything critical of Ripple / XRP is instantly deleted by the mods in the name of F.U.D (Fear, Uncertainity, Dou…

r/cryptocurrency, r/ripple, r/iota, and even r/bitcoin (to an extent) have basically turned into /biz/.

At this point, it seems no amount of reason will fix it. Those communities are just complete echo chambers. Pragmatic or technical discussion about cryptocurrency in those communities went out the door, and Idiocracy entered instead. It's not even about "cryptocurrency" anymore, it's just a bunch of memes, circlejerking, and posts about "gainz" or "mooning".

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#19

Post by tim333 »

Roritharr wrote: post #14

The crypto space to me is really frustrating. I've seen friends become something very close to scammers, I can't have interesting technical discussions about the topic without being called doomsayer and even when I pitch an idea what to use the Blockchain for, all I get is:"let's do an ICO and raise a shitton of money!" although that doesn't really make sense towards what I'm proposing. I feel like the nerd in class…

Humans can be kind of money motivated. Such is life. For me one of the interesting things with crypto is whether you can use that for something positive in society.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#20

Post by josephagoss »

Roritharr wrote: post #14

The crypto space to me is really frustrating. I've seen friends become something very close to scammers, I can't have interesting technical discussions about the topic without being called doomsayer and even when I pitch an idea what to use the Blockchain for, all I get is:"let's do an ICO and raise a shitton of money!" although that doesn't really make sense towards what I'm proposing. I feel like the nerd in class…

A lot of my ideas for blockchain technology work a lot better using ETH for example, rather than yet another token. I think we'll need to wait a few months/years before the ICO craze dies down and we can get back to focusing on building tech on top of Bitcoin/Ethereum without the word ICO.
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