Post
Topic
Board Altcoin Discussion
Re: IOTA - the scheme is being pumped hard now don't fall for the trap
by
scaryvirus
on 25/07/2017, 20:30:30 UTC
https://medium.com/@ercwl/iota-is-centralized-6289246e7b4d

https://www.reddit.com/r/ethtrader/comments/6hc1ss/iota_considered_vulnerable/

https://hacked.com/ico-analysis-iota/

also talking about hashing power only of people sending transactions at that time is so absurd it is irrelevant that it even has PoW

there's huge difference between attacking 24/7 hashing power and attacking hashing power of people sending transaction so a significant player w/ 24/7 level of hash would have near zero competition on iota from casual users, so it literally does not matter. Only reason it's not attacked now is because of coordinator making it equivalent to centralized database much like onecoin.

I haven't seen anything positive about IOTA yet that's not obvious shilling. I can see it being great for useless concept of IOT , usually refered to as internet of shit

It's not first quantum proof blockchain, it's not even double spend proof, it's not first without fees either (steem) nor is it fastest (steem/bts)

do a search of quantum resistant blockchains, there's like a 100 that claim to be first.