Post
Topic
Board Altcoin Discussion
Re: DECENTRALIZED crypto currency (including Bitcoin) is a delusion (any solutions?)
by
LiQio
on 19/01/2016, 15:14:38 UTC
Whatever...let's not derail the thread but i wrote "Judging by IOTA" because i used it as a reference point and though that would be worth pointing out. Was I supposed to write "Judging by the one existing example I'm not allowed to name" ?  Smiley

So let's get back on topic on not talk about IOTA but instead the fact that a "small POW" doesn't work!

The reason being that it is easily defeated by a large set of dedicated servers (read @monsterer's topic for more on this).


anonymint/TPTB_need_war explicitly refers to IOTA on line 4 of his OP
Let's have a frank discussion about the technical realities of crypto-currency.

Apologies in advance to all those who have worked so hard on trying to advance crypto currency. I am not doing this to spite you. I don't want to waste more time. If we can convince ourselves we have a solution worth working on, then let's do it. Otherwise let's be honest with ourselves.

Edit: for those who want to jump straight to understanding how Iota's DAG works, click here.

Why should it not be allowed to talk about Iota anymore?
Looks like the most "advanced" DAG-based coin until now, therefore referring to it is perfectly adequate.