Post
Topic
Board Altcoin Discussion
Re: IOTA - the scam is being pumped hard now don't fall for the trap
by
pumpmydump
on 11/07/2017, 20:59:52 UTC

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.


Even without knowledge in these fields, many sentences in the whitepaper make no sense from a logical and grammatical point of view. Sometimes he says a node approves transactions, sometimes he says transactions approve transactions. He talks of a transaction being approved by a "tip", but in the context he uses it that sentence makes no sense. He doesn't use a consistent terminology. He makes faulty assumptions. So many things are left unexplained and in many instances there is no way to understand what he is referring to or what assumptions he starts from. The whitepaper looks like a draft at best, incomplete and full of errors and inconsistencies. It isn't that it is too deep to understand, it is that it is presented in a way that cannot be understood. People backing this project do not understand it, they are just attracted by the "no blockchain" "no fees" "quantum resistant" memes. How such a shitty paper could make it to a 1 billion+ market cap is beyond me. I knew people were stupid, but this...