An article on medium.com is saying that IOTA is centralized.
Just an opinion below :
1/
The author thinks that, in 2017, such a cryptocurrency can be launched publicly less than 1 year ago, then hits the top 10 on coinmarketcap and be fully relying on the users.
« yes the world is wild
»
https://www.youtube.com/watch?v=4ihaOLOt29U
But what he wrote was interesting.
Many people already asked how can we trust the snapshotting process. Cores dont know who is asking so they dont explain everything each time. But now it's clearly written on Internet.
2/
As far as i know its possible to outsource « the proof of work ». There is also a project to distribute the work between devices.
But even without these counter arguments, , he should not write that all devices are just 500Mhz powerful and running on small batteries ...Would it be really a problem to not include yet these devices in the project ?
It seems there is already a wallet on android We will see feedback of users.
By the way it would be nice that someone explains according to which rules the level of work asked can be adjusted.
3/
Someone wrote in the comments that in the future it would be possible to put a malicious coordinator ..But users have to check the wallet before installing. its the same for all crypto.
The force of IOTA relies on many users (Satoshi dream i would say).
4/
When snapshoting will be local event. It will skyrocket definitely.
Дo Пoбeды !!!!!
Marcel Beliveau
Just an opinion below :
1/
The author thinks that, in 2017, such a cryptocurrency can be launched publicly less than 1 year ago, then hits the top 10 on coinmarketcap and be fully relying on the users.
« yes the world is wild
»https://www.youtube.com/watch?v=4ihaOLOt29U
But what he wrote was interesting.
Many people already asked how can we trust the snapshotting process. Cores dont know who is asking so they dont explain everything each time. But now it's clearly written on Internet.
2/
As far as i know its possible to outsource « the proof of work ». There is also a project to distribute the work between devices.
But even without these counter arguments, , he should not write that all devices are just 500Mhz powerful and running on small batteries ...Would it be really a problem to not include yet these devices in the project ?
It seems there is already a wallet on android
We will see feedback of users.By the way it would be nice that someone explains according to which rules the level of work asked can be adjusted.
3/
Someone wrote in the comments that in the future it would be possible to put a malicious coordinator ..But users have to check the wallet before installing. its the same for all crypto.
The force of IOTA relies on many users (Satoshi dream i would say).
4/
When snapshoting will be local event. It will skyrocket definitely.
Дo Пoбeды !!!!!
Marcel Beliveau