Quote from: Come-from-Beyond on June 18, 2017, 10:02:00 PM

Quote from: Prova123 on June 18, 2017, 09:05:21 PM

However, these users need to know that the value they invest in IOTA at this point is entirely placed with the goodwill of the Foundation.

Why?

There is also the risk of the Coordinator double-spending through a partitioning attack by issuing different milestones to different users. As the risk stands, no IOTA transaction can currently be assumed safe until a longer time has passed (~20 minutes). Currently, transactions show up as confirmed in full nodes after a matter of seconds when they are in fact not safe at all.

I will make the prediction that IOTA will fail to disable the Coordinator in 2018. Even if it is made optional at some point, it wont be safe meaning it wont really be optional at all (in fact, it will be just like Ripples provided UNL is optional).

by Eric Wall
Research Engineer in the cryptocurrency domain. I will give you the facts.