Re: IOTA - the scheme is being pumped hard now don't fall for the trap
> and because the 12 witnesses are still run my main dev and not other known real world entities.
There are three people at the last count.
I run a UK hub and I could enter as a 4th. Making three public people.
I just haven't got round to it yet.
We are discussing IOTA. You wrote upthread that Byteball doesn't have PoW implying that Byteball suits IoT while IOTA doesn't suit because of PoW. My counterargument - a system without PoW can be easily attacked. So without PoW Byteball can't work (including in IoT). This is what can be demonstrated once we arrange the bet. How much are you willing to bet?
IOTA has PoW, yet it can be easily attacked, so much, that you need to have a centralized Coordinator. Why is that, PoW in Iota does not secure it? You cant just add massive amounts of PoW to secure it? But instead rely on 1 special Coordinator? What a baby.
I think you are confusing the way IOTA works with the way Byteball works.
If you can attack it, go ahead attack it, your last "attack" which stalled the network for 6h, was due to a bug in the archiving of units, not anything with the consensus algorithm of Byteball or PoW, and because the 12 witnesses are still run my main dev and not other known real world entities.
I bet you there is other flaws and bugs in Byteball, as there is in any software, and in IOTA - but IOTA has a bug which cant be fixed - a conceptual retarded mistake.
IOTA idea is dry water, living dead, cold hot, plastic silverware, PoW on IoT.
There are three people at the last count.
I run a UK hub and I could enter as a 4th. Making three public people.
I just haven't got round to it yet.
Here we discuss Iota and not other actual cryptocurrencies. Stay on topic or get out.
My points about retarded iota as concept and weak security stand. Iota, more like Coordinatorcoin for correct name.
My points about retarded iota as concept and weak security stand. Iota, more like Coordinatorcoin for correct name.
We are discussing IOTA. You wrote upthread that Byteball doesn't have PoW implying that Byteball suits IoT while IOTA doesn't suit because of PoW. My counterargument - a system without PoW can be easily attacked. So without PoW Byteball can't work (including in IoT). This is what can be demonstrated once we arrange the bet. How much are you willing to bet?
I think you are confusing the way IOTA works with the way Byteball works.
If you can attack it, go ahead attack it, your last "attack" which stalled the network for 6h, was due to a bug in the archiving of units, not anything with the consensus algorithm of Byteball or PoW, and because the 12 witnesses are still run my main dev and not other known real world entities.
I bet you there is other flaws and bugs in Byteball, as there is in any software, and in IOTA - but IOTA has a bug which cant be fixed - a conceptual retarded mistake.
IOTA idea is dry water, living dead, cold hot, plastic silverware, PoW on IoT.