Post
Topic
Board Scam Accusations
Re: IOTA: Snake oil insecurity with a centralized kill switch to shut off your money
by
The Pharmacist
on 19/02/2020, 22:11:55 UTC
People need MIT wizards to lay that out for them?  Roll Eyes
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.