Re: IOTA: Snake oil insecurity with a centralized kill switch to shut off your money
For those who need a TL;DR: There Aint No Such Thing As A Free Lunch! (Link for Tor users, whom that website blocksor see Wikipedia.)
That is just common sense, the general concept of which has been the stuff of proverbs for thousands of years. Crypto newbies may not know Schneiers warning signs of snake oil cryptography. Whereas every reasonable person should know that free is the most expensiveespecially when it comes to financial investments.
People need MIT wizards to lay that out for them?
That is just common sense, the general concept of which has been the stuff of proverbs for thousands of years. Crypto newbies may not know Schneiers warning signs of snake oil cryptography. Whereas every reasonable person should know that free is the most expensiveespecially when it comes to financial investments.
From iota.com blog
https://blog.iota.org/instant-feeless-flash-channels-88572d9a4385?gi=9eb5072573c4
Free and instant transaction. Fully scalable.
But everything has a price. Looks like iota price is very expensive [...]
https://blog.iota.org/instant-feeless-flash-channels-88572d9a4385?gi=9eb5072573c4
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Instant & Feeless Flash Channels
[...]
[...]
Free and instant transaction. Fully scalable.
But everything has a price. Looks like iota price is very expensive [...]
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Response Three:
Orcutts claim that IOTA is free of fees is misleading. [,,,]
Source: Orcutts claim that IOTA is free of fees is misleading. [,,,]
People need MIT wizards to lay that out for them?