Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
ptrk
on 23/12/2017, 13:37:02 UTC
The most reputable tech group "MIT media lab" is destroying IOTA tech:

https://www.media.mit.edu/posts/iota-response/

At one point the author is provably wrong.

Quote
Whether or not IOTA’s ledger is “tamper-proof,” the entire IOTA network went down in November, and was completely inoperable for about three days. That this has never happened in Bitcoin or Ethereum suggests the extent to which the IOTA network relies on the “coordinator”—a single point of failure—and is not truly decentralized

Back in 2010, a Bitcoin miner was able to create billions of Bitcoins because of an undiscovered bug. Therefore, a hard fork of Bitcoin was conducted. Furthermore, Ethereum had centralized pillars at the beginning as well, before and partly while Frontier release.

So what should one think of a writer - even if s(he) is related to MIT in some way - who does not even know these two simple facts - or even worse - does not want to know them.