> “This year we’re really focused on making sure our technology is mature enough to have real, live products,” Schiener said.
Outage of 12 days and counting... Why won’t anyone put us in production..
IOTA being shut off is the latest chapter in an absurdist history
11–20 of 101 posts
Re: IOTA being shut off is the latest chapter in an absurdist history
#12> First their custom-made hash-function was broken and you could forge transactions. Now they had to shut down their network because their wallet was hacked. This is insane because you should not be able to shut down a decentralized network.
Re: IOTA being shut off is the latest chapter in an absurdist history
#13Crytpocurrencies are not valued on its software (even though paradoxically, what makes it different from other currencies is that it's only software). Otherwise the best software would have the highest market cap, which obviously isn't the case. This is true to such an extreme degree that it doesn't even matter if the cryptocurrency is used, works, or even have a single working implementation. Seriously, there are to…
> there are top >100M market cap coins that have never shipped a working binary. How do people know who has how many coins?
Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each public key. For example, this one belongs to Hal Finney (the creator of Bitcoin) and you trace the balance of and movement of coins transparently:
https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6z...
Re: IOTA being shut off is the latest chapter in an absurdist history
#14Earlier quoted context omitted.
> there are top >100M market cap coins that have never shipped a working binary. How do people know who has how many coins?
Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each public key. For example, this one belongs to Hal Finney (the creator of Bitcoin) and you trace the balance of and movement of coins transparently: https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6z...
Is there some kind of binary backing https://blocksteam.info? Information doesn't just appear on the internet.
Re: IOTA being shut off is the latest chapter in an absurdist history
#15Earlier quoted context omitted.
> there are top >100M market cap coins that have never shipped a working binary. How do people know who has how many coins?
Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each public key. For example, this one belongs to Hal Finney (the creator of Bitcoin) and you trace the balance of and movement of coins transparently: https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6z...
> Hal Finney (the creator of Bitcoin)
To be clear, this isn't definitive, as he is one of many individuals suspected to be Satoshi Nakamoto.
Re: IOTA being shut off is the latest chapter in an absurdist history
#16Earlier quoted context omitted.
Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each public key. For example, this one belongs to Hal Finney (the creator of Bitcoin) and you trace the balance of and movement of coins transparently: https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6z...
Is there some kind of binary backing https://blocksteam.info ? Information doesn't just appear on the internet.
Bitcoin is not one of the scams with no working software I was talking about.
The information comes from a leveldb database you can download from peers after installing this client: https://github.com/bitcoin/bitcoin
Re: IOTA being shut off is the latest chapter in an absurdist history
#17Still waiting for a use case of blockchain outside cryptocurrency also.
Synaptic Health Alliance
Re: IOTA being shut off is the latest chapter in an absurdist history
#18> First their custom-made hash-function was broken and you could forge transactions. Now they had to shut down their network because their wallet was hacked. This is insane because you should not be able to shut down a decentralized network.
it was never decentralised, they openly admitted this. They had 'plans' to decentralise it. The hype around this project was supported by nothing other than shills and bots, hoping to sucker in a few clueless noobs.
Re: IOTA being shut off is the latest chapter in an absurdist history
#19Earlier quoted context omitted.
> there are top >100M market cap coins that have never shipped a working binary. How do people know who has how many coins?
Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each public key. For example, this one belongs to Hal Finney (the creator of Bitcoin) and you trace the balance of and movement of coins transparently: https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6z...
> Hal Finney (the creator of Bitcoin)
Uhh, source??
Re: IOTA being shut off is the latest chapter in an absurdist history
#20Earlier quoted context omitted.
> there are top >100M market cap coins that have never shipped a working binary. How do people know who has how many coins?
Almost every coin is implemented with straightforward, non-blinded accounting ("UTXO" model) such that everyone knows how many coins are associated with each public key. For example, this one belongs to Hal Finney (the creator of Bitcoin) and you trace the balance of and movement of coins transparently: https://blockstream.info/address/1BgoUL3Mf8vDSDU4jjpFARKBJ6z...
Small correction. Although many people think that Hal Finney could have been the creator of Bitcoin, the matter is far from settled. He even denied it himself before he passed.