Quote from: NattyLiteCoin on January 03, 2018, 02:56:10 PM

Quote from: Darthswan on January 03, 2018, 09:39:45 AM

Quote from: SergioOliva2018 on January 02, 2018, 01:19:53 PM

Ive read it can support a lot. As of today 180 transactions per second have been tested. This DAG algorithm is amazing and it has huge potential.
On the other hand I am concerned with the happened actions as a result of October attack on some wallets. The dev team took over the funds of the IOTA users. I understand that was done to protect the users and the funds are being returned to the customers as we speak. But the main concern is that is it practically possible to take funds away from any IOTA user. Theoretically bad people can simply get your money. Single developer can become bad person or somebody will extort information from developer on how to do this, those are not matter in the context. What matters is there is an ability to steal money from IOTA wallets. I think this one item will be limiting factor for IOTA growth to its potential. I think IOTA devs need to let go of this notion and make changes to the algorithm so nobody can take away funds from other users using high access permissions. Only then we will see how IOTA will take over Bitcoins fame.

I agree with you, in the industry where safety is put on the first place, to have such a problem with a purse, there is already a huge minus. (
Probably not all people know about this, because the interest in IOTA is still great.

If you cant trust the developers to uphold the fundamentals of crypto, specifically immutability and security, then you shouldnt invest a single cent into the project. Once that trust is broken, its Likely never to return. With that said, it seems like a few people feel burned, but conversely 1000s of other investors have absolute trust in the teams principles. You can draw your own conclusions, but please ask yourself why iota has a $10Bil market in less than 2 Years and attracted top-tier talent in the field. To scam you? From what I have gathered, Its not about money with people like Dave and CfB, its about ego and reputation not nickel and diming people $1000 at a time.

I politely disagree with the statement If you cant trust the developers to uphold the fundamentals of crypto, specifically immutability and security, then you shouldnt invest a single cent into the project..
Trust has nothing to do with ability of getting profit from this coin. The incident affects bottom line of the IOTA price for sure. But this doesnt mean that a cant get couple of dollars extra on untrusted currency. Sure, it becomes more risky investment. But it can be still leveraged as investment. I also think it is possible to repair trust by chaning the ways this cryptocoin works over the course of many years. This is a matter of support of this project by talanted developers and their wiliness for improving.