Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
tmfp
on 20/02/2020, 00:55:40 UTC

Over a week now.....in that time, the MIOTA marketcap has dropped by ~$200m.
Looks like Moonpay are in the blame frame.
Quote from:  IOTA status page
Trinity users who have already updated their wallets will have noticed the removal of MoonPay services from the updated versions of the wallet. This was necessary because the security vulnerability was introduced into the Trinity wallet via the MoonPay integration.
Quote
For now, we can only share with the community the below statement from Moonpay on this matter. Please note that the IOTA Foundation is not in a position to independently verify the accuracy of the statement

Moonpay shared some bad news
Quote
we want to inform users who have input their credit card details into the Trinity Wallet that, to the best of our knowledge, their credit card information is unlikely to have been compromised by this security incident.
You had ONE job......

I'd think that a number of investors in/donators to the IOTA experiment will be thinking similarly to this review of Trinity/Moonpay
Terrible experience...Totally useless...
I am deeply disappointed that that the IOTA team would partner with such a lousy service provider, who is also extremely expensive. 

Victor Faramond CEO (and just about everything else) at MoonPay rather presciently retweeted these wise words recently
Quote
As a developer, your job isn't about how much code you write, it's about how effectively you solve problems.
The best code is code you don't write & maintain -- because you're using off-the-shelf solutions, or because you're picking solutions that involve fewer subproblems.



the companies considering using the IOTA protocol and making it a global standard for machines on the internet don't care about trinity.
I'm pretty sure they care about internecine warfare and bad lapses of judgment in the bunch of (supposedly) really smart people who are supposed to make that happen.