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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

#101

Post by tarken »

ndury wrote: post #76
josephagoss wrote: post #23

Earlier quoted context omitted.

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.

I am an avid follower of the current crypto space and I cannot grasp how unprofessional and immature the IOTA team handles their issues. It's almost as if 75% of the crypto space as of late is ran by children/teenagers/adults which cannot grasp the basic concepts of being civil to one another. This is all very unfortunate for the overall growth and perceptions of the crypto community as a whole

that's what happens to people when they feel like they're competing in a closing-off market. want to see a similar level of people clawing at each other's throats, being petty & antagonistic, competing for scraps? look no further than the music industry, especially the amateur scenes. more beef than an industrial cattle farm.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#102

Post by UncleMeat »

bringtheaction wrote: post #49
loxias wrote: post #33

Earlier quoted context omitted.

> Hackernews hates Ethereum It does? I admit I'm pretty ignorant of the nuances of all the little alt coins, but I know Ethereum has something to do with distributed applications, with a VM, and I've always thought that cool in the abstract. (though I have no idea what I'd do with it.) Just probing for information, not trying to have any "tone", do you know what the distaste for Ethereum is rooted in?

I never got the impression that HN “hates” Ethereum, but I will say that the primary language used for writing smart contracts on the Ethereum blockchain has some disconcerting properties. https://news.ycombinator.com/item?id=14810008 It is still not entirely clear to me how much of these things are problems with Solidity (name of said language) only, or if any of those issues are core to the Ethereum Virtual Machine…

EVM has core semantics issues too that lead to easy to make errors.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#103

Post by roymurdock »

alex_hitchins wrote: post #85
roymurdock wrote: post #84

Earlier quoted context omitted.

If investors are giving money based on lies, there’s a legal system in place to help them recover failed fraudulent investments. I’d wager in many cases investors know exactly what they’re investing in. So I don’t see any ethical/moral conflicts in a lot of these BS cryptocurrency schemes, just a lot of wasted potential and a somewhat shameful divergence from the idealistic core tech - private, trustless transactions…

Stunned by that comment. Stunned.

I almost didn’t write it and knew I’d be downvoted. Many folk that hang around HN are very idealistic myself included. My main point is that you shouldn’t feel sorry for cryptocurrency investors; many know exactly what they’re gambling on. Easy money and BS “tech innovation” being used to grab portions of that cash pile is the reality I see. What’s your opinion of the mkt?

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#105

Post by rando444 »

JumpCrisscross wrote: post #88
mratzloff wrote: post #74

Earlier quoted context omitted.

I had a conversation with a guy creating a crypto startup recently. It only took five minutes in before the thin veneer of an actual business model fell away and the real motive—free money—starting coming out. His position, distilled: if people are stupid enough to give me money, who am I to say no? I suggested his easy money might not be so easy if (for US investors) the SEC, FTC, CFTC, etc. crack down and claw back…

> if (for US investors) the SEC, FTC, CFTC, etc. crack down and claw back investor money A counter argument I saw first on Hacker News and then in real life approximates “decentralised currencies make it impossible for governments to enforce laws.” (Obviously wrong, shockingly so, but appears to be a meme in the crypto community.)

And in a similar vein the "we no longer need to pay taxes" crowd.

These idiots don't realize they're the ones begging the regulators to crush their dreams and bury them in paperwork, fines, fees, and red tape.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#106

Post by 153791098c »

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…

Try /r/bitcoin. It's the most censored subreddit i think. Say anything they don't like (doesn't even have to be negative, even critical questions are a nono) and you'll be banned and your post will be deleted.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#107

Post by mbgaxyz »

pjc50 wrote: post #51
mbgaxyz wrote: post #32

Earlier quoted context omitted.

What is a "real thing"? Like Bosch using IOTA to build smart cities in China? https://twitter.com/BoschPresse/status/968479596868980737

Link does not reference IOTA?

It references @iotatoken which is the official twitter feed for IOTA.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#109

Post by IntronExon »

roymurdock wrote: post #103
alex_hitchins wrote: post #85

Earlier quoted context omitted.

Stunned by that comment. Stunned.

I almost didn’t write it and knew I’d be downvoted. Many folk that hang around HN are very idealistic myself included. My main point is that you shouldn’t feel sorry for cryptocurrency investors; many know exactly what they’re gambling on. Easy money and BS “tech innovation” being used to grab portions of that cash pile is the reality I see. What’s your opinion of the mkt?

Choosing not to be a completely unethical scumbag isn’t idealism, it’s the baseline.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#110

Post by cyphunk »

Sergey appears to have attitude issues and the IOTA team have serious damage control issues, but the MIT team also, maybe wisely, appear obstructive at certain important points. In paticular the probability of attack in the wild seems a valid question that was never dealt with by the MIT team? (Disclosure: I'm not invested in IOTA one bit, nor is anyone I know)

What I witnessed after reading through all those letters is a common clash I see over and over of two types of cryptanalysts: Those whose knowledge grew in resource expansive environments (internet/cpu space) and those whose knowledge grew in resource constrictive space (e.g. satellite broadcasting). In particular they clash on the idea that there can ever be a valid use case for a less-than perfect security schema, so-as-to provide certain desired resource benefits, while still being sufficiently secure for a specific use case.

Cryptographers dance around who has perfect security at heart, never getting down to the issue: that they disagree on necessary trade-offs. By the time they do get to it, one will disengage entirely from conversation and assume the other is just stupid. That has happened here (both sides I think). It's a common outcome.

(Disclosures: I worked as a software+hardware reverse engineer, not cryptographer, in the satellite TV space. So I'm not anything close to an authority on the topic but was around these debates often.)

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