Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Cryptographers Urge People to Abandon IOTA After Leaked Emails

spectrum.ieee.org

Post reply on HN
Print view View original

21–30 of 127 posts

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#21

Post by josephagoss »

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…

I think that if half of their ideas could actually work and be secure, it would be a good thing. If IOTA was a real thing for example I would happily be apart of that community. Unfortunately it's a total waste of time. I remember avoiding IOTA early on due to the arrogance of the founders, I really didn't like their tune.

I know most of Hackernews hates Ethereum, but I really like Ethereum and their ideals, although I am mostly anti ICO. I'd prefer most of these DAPP ideas to be using ETH and not yet another token.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#22

Post by josephagoss »

wbraun wrote: post #8

The 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.

It's a wild west, we need a winter of sorts to destroy most of these projects. If IOTA isn't secure it should fall sooner than later.

Hopefully what exists in several years time will be good technology, and hopefully the scams have gone away.

I'd wager than marvels like Bitcoin and Ethereum will still be here.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#23

Post by josephagoss »

abhv wrote: post #12
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 conte…

It doesn't surprise me that IOTA followers are toxic considering the founders are toxic individuals. I find it interesting how IOTA founders are the complete opposite of Satoshi and Vitalik.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#24

Post by hal9000xp »

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…

Don't worry free market will sort it out eventually. Dump money will run out after a few big project failures. Investors will be more sophisticated. It's a new market and what's happening now is natural, it's the same as dot-com bubble. Smart regulators can help free market to get rid of dishonest projects. But the common problems with regulators is that they are not smart and they are slow to fix their mistakes if they ever acknowledge them. Bad regulation can kill the market.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#26

Post by mbgaxyz »

IOTA co-founder, Sergey Ivancheglo aka Come-from-Beyond, has an open invitation for cryptographers to discuss this issue on his blog:

"Intermediate summary of Heilman et al. claims about the security of a previous version of IOTA signature scheme"

https://medium.com/@comefrombeyond/intermediate-summary-of-h...

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#27

Post by sdenton4 »

Legogris wrote: post #15

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…

My favorite part was the IOTA folks insisting that their 'higher level' protocol would fix all their rookie mistakes. (Yes! We intentionally built our castle on quicksand! But look how hard the walls are!)

It's a great example of why you need to start from sound foundations.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#28

Post by nukeop »

hal9000xp wrote: post #24
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…

Don't worry free market will sort it out eventually. Dump money will run out after a few big project failures. Investors will be more sophisticated. It's a new market and what's happening now is natural, it's the same as dot-com bubble. Smart regulators can help free market to get rid of dishonest projects. But the common problems with regulators is that they are not smart and they are slow to fix their mistakes if t…

Mentioning the "free market" in any other context than a joke will make most people not take your post seriously.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#29

Post by TD-Linux »

mbgaxyz wrote: post #26

IOTA co-founder, Sergey Ivancheglo aka Come-from-Beyond, has an open invitation for cryptographers to discuss this issue on his blog: "Intermediate summary of Heilman et al. claims about the security of a previous version of IOTA signature scheme" https://medium.com/@comefrombeyond/intermediate-summary-of-h...

What is there even to discuss? The disclosures and email tell me everything I wanted to know.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#30

Post by jiggunjer »

Waterluvian wrote: post #16
justboxing wrote: post #11

Earlier quoted context omitted.

> 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 o…

Same with Trump? South Park recently had an episode titled "Doubling Down", which I find a good descriptor for this behavior.
Post reply on HN