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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

#111

Post by roymurdock »

IntronExon wrote: post #109
roymurdock wrote: post #103

Earlier quoted context omitted.

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.

It’s not the baseline in cryptocurrency, and my point is both the ICOing companies and investors are in on the game so nobody is fooling one another. I don’t have the stomach to spew BS for money so I’m not involved in the ecosystem. But I think you need to be a bit more realistic and not view investors as just a class of people that are being ripped off - most, especially bigger/institutional are savvy with their money.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#112

Post by [deleted] »

cyphunk wrote: post #110

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…

[deleted]

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#113

Post by dlubarov »

hobofan wrote: post #62
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…

Do you (or anyone here) have any recommendations regarding subreddits for technical discussions regarding blockchain/cryptocurrency tech? I've seen /r/CryptoTechnology recommended in the past, but I haven't seen too much interesting discussions there yet.

I've also been looking but haven't found any better communities. A cryptocurrency StackExchange has been suggested [1], but hasn't happened. Bitcoin.SE and Ethereum.SE do have some good general content, but you have to filter through a lot of BTC/ETH specific content to find it.

[1] https://meta.stackexchange.com/questions/271576/stack-exchan...

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#114

Post by justboxing »

espadrine wrote: post #108
mbgaxyz wrote: post #107

Earlier quoted context omitted.

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

Did they retract the tweet? The link now 404s.

Yes. Tweet appears to have been deleted in the last few hours.

The reddit shill story I linked to is also showing as [REMOVED], but someone in this thread found the archive.is link for that shill story and posted it in this thread.

Here it is. http://archive.is/vvwl5

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#115

Post by justboxing »

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…

UPDATE: Reddit shill appears to have deleted / [REMOVED] his story (must've seen the traffic from HN lol).

Here's the archive link http://archive.is/vvwl5 to his post that @chrononaut here located.

http://archive.is/vvwl5

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#116

Post by sangnoir »

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?

> My main point is that you shouldn’t feel sorry for cryptocurrency investors; many know exactly what they’re gambling on.

This category is broader than you imagine and now includes unsophisticated individuals who can't tell the difference between the blockchain and a bike chain. Lately, I've been hearing a lot of "invest in bitcoin" talk from people who are not well-informed, and do not know what they are gambling on. What's illegal for penny stocks should be equally illegal for cryptocurrency - the Feds should crack the whip.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#117

Post by roymurdock »

sangnoir wrote: post #116
roymurdock wrote: post #103

Earlier quoted context omitted.

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?

> My main point is that you shouldn’t feel sorry for cryptocurrency investors ; many know exactly what they’re gambling on. This category is broader than you imagine and now includes unsophisticated individuals who can't tell the difference between the blockchain and a bike chain. Lately, I've been hearing a lot of "invest in bitcoin" talk from people who are not well-informed, and do not know what they are gambling…

It's not hard to understand the high risk, high reward investment principle. There are plenty of safe index funds, blue chip stocks, and bonds available to retail investors/unsophisticated individuals. It's not difficult to understand that cryptocurrencies are highly speculative. I would never advise my parents to buy bitcoin, ethereum, or any other cryptocurrency without adding the caveat that they be prepared to lose everything in an exchange hack or some other shady behavior.

I can understand the need for the SEC to protect investors when it comes to investment into traditional companies - regular people can't read a 10k and don't sit in on analyst calls that are mandated for public companies registered with the SEC. But if you're investing in an unregulated, highly risky asset, where you don't understand any of the assets or technology the company owns...come on man.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#118

Post by sangnoir »

roymurdock wrote: post #117
sangnoir wrote: post #116

Earlier quoted context omitted.

> My main point is that you shouldn’t feel sorry for cryptocurrency investors ; many know exactly what they’re gambling on. This category is broader than you imagine and now includes unsophisticated individuals who can't tell the difference between the blockchain and a bike chain. Lately, I've been hearing a lot of "invest in bitcoin" talk from people who are not well-informed, and do not know what they are gambling…

It's not hard to understand the high risk, high reward investment principle. There are plenty of safe index funds, blue chip stocks, and bonds available to retail investors/unsophisticated individuals. It's not difficult to understand that cryptocurrencies are highly speculative. I would never advise my parents to buy bitcoin, ethereum, or any other cryptocurrency without adding the caveat that they be prepared to lo…

> But if you're investing in an unregulated, highly risky asset,

A lot of people are about to find out that cryptocurrencies are, in fact, regulated. It's weird to see some techies agree with the idea that "pedestrian thing, on a computer" patents are invalid (because the "on a computer" bit is irrelevant), but when it comes to "fraud/misrepresentation on a computer", then it suddenly needs to be legally special-cased as somehow different. Intangible/abstracted assets predate cryptocurrencies - there's nothing new about crypto in the eyes of the law.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#119

Post by dang »

tarken wrote: post #93
hal9000xp wrote: post #79

Earlier quoted context omitted.

> nothing would be stopping someone with a bigger gun coming in and stealing whatever groceries they want That's why we need government - to prevent violence and stealing. Free market can work only in non-violence environment. However, government tries to do much more than that. And this I consider as a problem, namely excessive regulation.

want a free market? move to Antarctica. you can be as free as you want. Here in society we'll keep building and cooperating. competition is for predators and chumps.

It's an abuse of HN to use it primarily for ideological battle. We've banned this account for breaking the site guidelines.

https://news.ycombinator.com/newsguidelines.html

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#120

Post by dang »

hal9000xp wrote: post #79
mnw21cam wrote: post #72

Earlier quoted context omitted.

Yet there are some resources that are hard to privatise, for instance the atmosphere. Government regulation is what turns the commons (which are open to tragedy) into either tightly regulated (for example, dumping of hazardous materials) or a free market (for example, emissions trading). Without the government interference, the market wouldn't exist. To some extent that goes all the way down to buying your groceries,…

> nothing would be stopping someone with a bigger gun coming in and stealing whatever groceries they want That's why we need government - to prevent violence and stealing. Free market can work only in non-violence environment. However, government tries to do much more than that. And this I consider as a problem, namely excessive regulation.

Would you please stop using HN for ideological battle? That is emphatically not what this site is for.

https://news.ycombinator.com/newsguidelines.html

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