The gist of the IOTA whitepaper (my comments in parentheses):
1. Blockchains make micro-payments impossible (is that even true? it's not practical in the case of bitcoin but couldn't a blockchain-based solution exist?)
Which is a false assumption. It is very much possible (and used to be possible before on chain fees) with payment channels.
2. Blockchains give rise to conflicts between transaction issuers and approvers (is that necessarily the case?)
It is not necessarily the case.
3. So there is a need for a solution not based on blockchain (so the guy makes the assumptions that the two above issues cannot be resolved in a blockchain-based framework)
There is absolutely no need for that so far.
4. We are developing iota, a solution not based on blockchain, we don't know whether it will work in practice but let's hope
Pretty much every scam project ever.
I don't have the courage to go through the whole thing like this, it just gets worse and worse
Yes.
What kind of sense can you make out of all that shit? Do you even understand what you read? Or it's so hard to understand because the guy can't even explain things properly so you think it must be so profoundly deep and genius?
I mean what the hell guys has this world gone crazy?
A lot of people in here have no fundamentals, and they would sell their own parents for a little bit of profit. They also often have near zero knowledge of cryptography, maths, cryptocurrency or any other related field. No wonder the hype up these scam coins.
A thread made by byteballers to FUD iota basically. Even with your long posts full of mistakes and missed assumptions. You're overestimating yourselves a bit.
The post by "pumpmydump" does not have mistakes (at least not within the first few points).