People need MIT wizards to lay that out for them?

Lol, I probably wouldn't understand a thing that they were saying--but I definitely see where this shit took a nosedive (and why).
Before reading this thread I really didn't know anything about IOTA. It was just a project whose name I saw from time to time on the forum, and I had no idea how centralized it was. I appreciate Nullius breaking everything down here (and for starting the thread in the first place), as I wouldn't have read anything about this scam otherwise.
Wouldn't this sort of shenanigans be a problem with Ripple as well? And I have to profess ignorance about how Ripple works, but I'm pretty sure it's just as centralized as IOTA is.