Quote from: djpitagora on December 12, 2017, 08:00:33 PM

Quote from: illerrre on December 12, 2017, 03:58:42 PM

Hi guys,

I'll be reading the entire thread as soon I get the time to, but until then I was hoping someone could answer me on a couple of things.

While many believe in IOTA, I see others who are very critical to it. Things I've heard are the following:

- The developers have written their own hash, which is a big no no when it comes to kryptos

- There is no decentralized product

- The tangle technology isn't new and the big problem with it is to get it decentralized

If someone knowledgeable and a believer in IOTA could meet these arguments, I would truly appreciate it.

I was also wondering if there are any other kryptos in the making that could compete with what the IOTA team is trying to do. Lastly I'm curious to how much you think this currency can grow in value the next 5 years, should it turn out to be successful.

byteball has a similar DAG concept but decentralized from the start. It relies on 12 elected witnesses by wallet majority. It hasn't gotten the marketing attention yet

Byteball's witnesses are all controlled by the main developer Tony at the moment. It is described in the white paper. It is planned to elect 12 trustworthy witnesses in the future which have an interest to maintain and stabilize the network. Thus, Byteball is not really decentralized.