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So
I still cant get my iota back
used to be able to log in and see it there....and its gone......since transition.
I can see it on the explorer but the transition tool never seems to attach except once maybe.....0 balance.....
tried to run a full node but the screen just disappears after I add nodes.
Cant join slack channel because it does not exist anymore apparently.
so how do I get my xGi back?
I still cant get my iota back
used to be able to log in and see it there....and its gone......since transition.
I can see it on the explorer but the transition tool never seems to attach except once maybe.....0 balance.....
tried to run a full node but the screen just disappears after I add nodes.
Cant join slack channel because it does not exist anymore apparently.
so how do I get my xGi back?
Sounds like the start of another... hacked story. Check your hash, if you've used the same address twice, it's likely your coins have been redirected into somebody elses wallet.
nope I have not been hacked.
I could see the Giota on my computerwallet, then after the snapshot I could not.
It appears the foundation moved the iota to a "safe" address and still have not put them back
also I have not used the same address twice.
This sounds interesting that the foundation is able to Move IOTA from address to address? Do you have any links available regarding this?
Surely if this was the case, they'd be an address trail in your history?
Experimenting with IOTA. A couple things I noticed that are weird:
1) You have to create your own seed manually, no tool include. Why?
2) The attach to tangle to create a receive address has been spinning for 1hr. It still hasn't completed. Is the network completely broken?
3) The developers have been working on this for a year but the network can't scale to take on a few couple 1k users??
In short - I really question if this technology actually works. If someone can prove me wrong I'm all ears.
1) You have to create your own seed manually, no tool include. Why?
2) The attach to tangle to create a receive address has been spinning for 1hr. It still hasn't completed. Is the network completely broken?
3) The developers have been working on this for a year but the network can't scale to take on a few couple 1k users??
In short - I really question if this technology actually works. If someone can prove me wrong I'm all ears.
Please also note if you use the same address twice to received funds, hackers can exploit the tangle and redirect your money into their wallet of choice. Also, yes the wallet allows you to use the same address as many times as you like, to make it more fun, now and then they do this thing called a snapshot, which resets your addresses back to No.1 so users not in the "know" are at extreme risk of losing their funds.
Please always read their instructions and keep in the loop of updates with this initiative.
I love the concept of iota, however until these issues are resolved I feel your money and investment is at high risk either from hackers or the sudden sell off once investors realise the tangle may never work. Although I hope it will succeed.
Oh wow... this is crazy. So I have no funds yet but was thinking to use a mining faucet to play with it. Are you saying if the faucet sends funds to me more than once then hackers can redirect money from my wallet? is this the full wallet or just the transactions after the first one?
You've misunderstood read here:
https://www.reddit.com/r/Iota/comments/7h90h1/how_to_create_permanent_receive_address/
I'll heighlight a good response:
Quote
[]SleepingFox88redditor for < 1 month 8 points 8 hours ago
An address can receive IOTA forever, however when you send IOTA from an address, you give out part of that addresses private key, making it cryptographically insecure. Hackers already run programs, scanning the tangle for compromised addresses that still have value in them. If they find one it doesn't take long to figure out what the private key (only used for that address, not your seed.) Is and they may steal your money stored in that address.
Because of this it is simply best practice to generate a new address every time you want to receive funds, so as to leave out the worry that you ever sent money from that address before.
Also the problem with this is if you just posted a donation address everywhere, as soon as you decided to send those funds anywhere, the donation address would be compromised, and people donating to you wouldn't have a way to know if the address they were donating to was conpromised or not. Thus my reccomendation is to use the method I stated above.
An address can receive IOTA forever, however when you send IOTA from an address, you give out part of that addresses private key, making it cryptographically insecure. Hackers already run programs, scanning the tangle for compromised addresses that still have value in them. If they find one it doesn't take long to figure out what the private key (only used for that address, not your seed.) Is and they may steal your money stored in that address.
Because of this it is simply best practice to generate a new address every time you want to receive funds, so as to leave out the worry that you ever sent money from that address before.
Also the problem with this is if you just posted a donation address everywhere, as soon as you decided to send those funds anywhere, the donation address would be compromised, and people donating to you wouldn't have a way to know if the address they were donating to was conpromised or not. Thus my reccomendation is to use the method I stated above.
Also with UCL wallet around the corner, the above mentioned will be automated in the background.
https://medium.com/iota-ucl/iota-wallet-refresh-onboarding-2f5ccd5e467a
btw iota has a stack exchange which is now in beta, have a look here you'll get a lot of your answers:
Iota.stackexchange.com
Thanks that helps alot. I successfully generated a receive address now and I'm trying to see if the faucet will accept it. The faucet keeps saying that the address is not attached and confirmed by tangle. Guess it takes a while to get confirmed
Correct, you can receive safely several time, providing you haven't sent from the address. Clearly an unforeseen flaw which I hope can be rectified asap.
Experimenting with IOTA. A couple things I noticed that are weird:
1) You have to create your own seed manually, no tool include. Why?
2) The attach to tangle to create a receive address has been spinning for 1hr. It still hasn't completed. Is the network completely broken?
3) The developers have been working on this for a year but the network can't scale to take on a few couple 1k users??
In short - I really question if this technology actually works. If someone can prove me wrong I'm all ears.
1) You have to create your own seed manually, no tool include. Why?
2) The attach to tangle to create a receive address has been spinning for 1hr. It still hasn't completed. Is the network completely broken?
3) The developers have been working on this for a year but the network can't scale to take on a few couple 1k users??
In short - I really question if this technology actually works. If someone can prove me wrong I'm all ears.
Please also note if you use the same address twice to received funds, hackers can exploit the tangle and redirect your money into their wallet of choice. Also, yes the wallet allows you to use the same address as many times as you like, to make it more fun, now and then they do this thing called a snapshot, which resets your addresses back to No.1 so users not in the "know" are at extreme risk of losing their funds.
Please always read their instructions and keep in the loop of updates with this initiative.
I love the concept of iota, however until these issues are resolved I feel your money and investment is at high risk either from hackers or the sudden sell off once investors realise the tangle may never work. Although I hope it will succeed.
Saying something doesn't mean it's correct. I've explained clear as day in articles. I'm transparent.
I disagree, but let you continue, because spreading awareness of address reuse dangers is useful.
Thank you for allowing me to continue. I appreciate your support. I'd appreciate other to help spread these issues.
It's gonna be a happy xmas for IOTA hackers.
Wallets shouldn't allow funds to be endangered fullstop. It's there purpose. If it was a single hack, resolved, new wallet deployed, I'd accept as adequate attention was given to the issue, but clearly it hasn't.
So since your argument has an element of fact, more advertising should be made clear your funds are unsafe in their wallets.
Re: Which is the MOST Hacked cryptocurrency in the top 10 coin?
What is your opinion on IOTA?
I've run some research to find hackers are able to brute force the tangle if an address is used twice to receive tokens?
Is this considered a security flaw in the wallet or tangle?
I've run some research to find hackers are able to brute force the tangle if an address is used twice to receive tokens?
Is this considered a security flaw in the wallet or tangle?
FUD is fake news to install fear and doubt.... I am educating with actual facts. Certainly not FUD.
Your interpretation of the facts is incorrect, this is why it's FUD.
Saying something doesn't mean it's correct. I've explained clear as day in articles. I'm transparent.
WARNINGs should be put on the wallet if a snapshot is taken. It resets addresses back to no.1 with no warnings!!! This exposes your tokens to hackers. This is pratically equivalent of leaving the key to your front door under the plant pot.
I was told IOTA is far superior to traditional limited blockchain coins but I'm not really familiar with it yet. Is it still in development and open to big changes or is it more in the stages of finishing or removing minor bugs.
How close to proof of stake is IOTA network and what advantages does it have over that process of confirmation. I like that its wanting to work on a variety of connected devices, is that mostly around ARM devices that have become prevalent I guess, could a 'smart LED' become a 'miner' . I suppose its very much including mobile phones in that case. Thats a big positive I think for the mainstream as for many people their best computer is the phone they carry, other coins state this is a positive security issue though.
I wanted to ask really, how vulnerable is IOTA to the vast array of ASIC devices that were built to mine Bitcoin and even some that exist for scrypt. The problem is if the standard is so open to the 'internet of things' dont these devices then count as a vast standing army. Many asic can no longer contribute to BTC as its become too complex, would they be employed in IOTA or be a threat even. Or is IOTA completely different and incompatible to any adaption of previous crypto hardware/technology.
Im interested in the innovation but what is its present processing capability in transactions per hour?
To be fair is that not a problem outside the protocol, a bad random generator.
How close to proof of stake is IOTA network and what advantages does it have over that process of confirmation. I like that its wanting to work on a variety of connected devices, is that mostly around ARM devices that have become prevalent I guess, could a 'smart LED' become a 'miner' . I suppose its very much including mobile phones in that case. Thats a big positive I think for the mainstream as for many people their best computer is the phone they carry, other coins state this is a positive security issue though.
I wanted to ask really, how vulnerable is IOTA to the vast array of ASIC devices that were built to mine Bitcoin and even some that exist for scrypt. The problem is if the standard is so open to the 'internet of things' dont these devices then count as a vast standing army. Many asic can no longer contribute to BTC as its become too complex, would they be employed in IOTA or be a threat even. Or is IOTA completely different and incompatible to any adaption of previous crypto hardware/technology.
Im interested in the innovation but what is its present processing capability in transactions per hour?
Quote
When i first started using IOTA, i generated my random seed using Microsoft Powershell. I assumed that I can rely on Microsoft for the randomness. I was wrong.The seed generated by Powershell is not random enough and all combinations can by cycled through in a matter of hours or days.
To be fair is that not a problem outside the protocol, a bad random generator.
IOTA is a fantastic project which if successful could be the one which leads the market. HOWEVER, BE VERY AWARE ThAT CuRRENTLY IT hAS FLAWS so make sure if you use their system, be very proactive with their developers otherwise you may wake up without any iota. Either that or keep them on an exchange.
Good luck, keep your coins safe.
To be fair is that not a problem outside the protocol, a bad random generator. - Correct - however had you not known perhaps you'd have used the same seed generator. Consider yourself wise to that threat.
Which is the MOST Hacked cryptocurrency in the top 10 coin?
Security is the one of the most important aspects of a cryptocurrency.
Keeping your tokens safe from the hands of opportunists in the the crypto world is usually a top priority.
I'm interested to hear your experiences of hacked accounts/wallets, computers with malware, or simple get a feel if there are any recurring hacks or phishing techniques which happen on specific coins or work in general?
Keeping your tokens safe from the hands of opportunists in the the crypto world is usually a top priority.
I'm interested to hear your experiences of hacked accounts/wallets, computers with malware, or simple get a feel if there are any recurring hacks or phishing techniques which happen on specific coins or work in general?
That's all I'm doing.
No, you are spreading FUD, not really helping to educate people.
FUD is fake news to install fear and doubt.... I am educating with actual facts. Certainly not FUD.
HACKED CASES : (I am adding to this list and will continue to post and update)
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
https://www.reddit.com/r/CryptoCurrency/comments/7gwl38/hello_guys_i_have_lost_30k_in_iota_and_i_would/
https://www.reddit.com/r/Iota/comments/6u89ew/iota_wallet_brute_force_vulnerability/
https://www.reddit.com/r/Iota/comments/78zjsx/get_your_balance_back_how_to_3_simple_steps/
https://forum.iota.org/t/my-iotas-got-stolen-how-is-this-possible/3811
https://www.reddit.com/r/Iota/comments/6vh8mv/urgent_all_of_my_iota_was_stolen_today_and_here/
https://www.reddit.com/r/Iota/comments/7g7wnl/stolen_miota/
With SOOOO MANY cases I feel it's a little unfair to continuously blame the user under the circumstances.
Imagine that you arrive to a town by sea and meet a guy in glasses in a shop. Is it a sailor or a librarian?
It is not the time to pacify. Help educate people. That's all I'm doing. Hackers are getting away with millions!
ETH forked to resolve issues like this.
Lets try not to be smart, it really doesn't help solve the issue at hand which is better advertising of IOTA's inherent flaws.
IOTA has serious security flaws.
Yes. Wallet doesn't verify that the user knows how to use IOTA. It's a very serious flaw.
You know what, I'd be happy if there was a warning on the wallet. That'd do me. All I'm doing to trying to prevent other users suffering a similar fate.
So many people have been hacked, (1,000's Search on google, it is really scary) I truly hope no more holes are found and this hole is promptly filled but it is still a vulnerability.
With SOOOO MANY cases I feel it's a little unfair to continuously blame the user under the circumstances. IOTA should take action to bring awareness to users.
Since they neglect to do so. I am helping IOTA by doing it for them.
HACKED CASES : (I am adding to this list and will continue to post and update)
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
https://www.reddit.com/r/CryptoCurrency/comments/7gwl38/hello_guys_i_have_lost_30k_in_iota_and_i_would/
https://www.reddit.com/r/Iota/comments/6u89ew/iota_wallet_brute_force_vulnerability/
https://www.reddit.com/r/Iota/comments/78zjsx/get_your_balance_back_how_to_3_simple_steps/
https://forum.iota.org/t/my-iotas-got-stolen-how-is-this-possible/3811
https://www.reddit.com/r/Iota/comments/6vh8mv/urgent_all_of_my_iota_was_stolen_today_and_here/
https://www.reddit.com/r/Iota/comments/7g7wnl/stolen_miota/
I've also read that one should not use an address twice. I have the following case and I would like to know if my tokens are potentially in danger. I have a seed with two generated addresses in total. For the first address, I once received IOTA. For the second address I received two transactions. So far I have not sent any IOTA with both addresses. So I used an address twice to receive tokens. Should I act or are my tokens safe?
I totally understand your concerns. Iota is acctually not made for investors it's made for machines and reality usecase in IoT. That's one reason (beside the tech) why that big companys are partnering with it. And Iota needs to create that for them ASAP, because they don't like to wait. That's why Iota is actually heading all their ressourcces to develop the protocol to make it production-ready.
But you should see it as an opportunity... invest while there's a bullshit wallet and laugh when that changes
And by the way... it can't be easily hacked. Yust if you use the same adress for sending, twice. But i (like every investor) agree it's actually not really good usable for humans.
The Tangle can be easily hacked... I lost money, search on google for hundreds of IOTA wallets that get hacked daily!!! IOTA is the least safe crypto in the top 100 coins.
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
I totally understand your concerns. Iota is acctually not made for investors it's made for machines and reality usecase in IoT. That's one reason (beside the tech) why that big companys are partnering with it. And Iota needs to create that for them ASAP, because they don't like to wait. That's why Iota is actually heading all their ressourcces to develop the protocol to make it production-ready.
But you should see it as an opportunity... invest while there's a bullshit wallet and laugh when that changes
And by the way... it can't be easily hacked. Yust if you use the same adress for sending, twice. But i (like every investor) agree it's actually not really good usable for humans.
Personally I'd send your IOTA to an exchange. Their wallet isn't safe. Don't wait until the next exploit is discovered.
No... bad advice. The wallet is safe if you use it right. Never leave your coins on exchanges, e.g. if Bitfinex closes (by whatever reason) your coins are gone!
You sound like a hacker looking for another victim. IOTA has serious security flaws. BE VERY CAREFUL
So
I still cant get my iota back
used to be able to log in and see it there....and its gone......since transition.
I can see it on the explorer but the transition tool never seems to attach except once maybe.....0 balance.....
tried to run a full node but the screen just disappears after I add nodes.
Cant join slack channel because it does not exist anymore apparently.
so how do I get my xGi back?
I still cant get my iota back
used to be able to log in and see it there....and its gone......since transition.
I can see it on the explorer but the transition tool never seems to attach except once maybe.....0 balance.....
tried to run a full node but the screen just disappears after I add nodes.
Cant join slack channel because it does not exist anymore apparently.
so how do I get my xGi back?
Sounds like the start of another... hacked story. Check your hash, if you've used the same address twice, it's likely your coins have been redirected into somebody elses wallet.
Hey admins and IOTA fans. Can you give me a reliable IOTA paper wallet just like MyEtherwALLET for Ethereum ETH? I'll put some bag from it in long term.
It'll just get hacked, wouldn't bother
I've also read that one should not use an address twice. I have the following case and I would like to know if my tokens are potentially in danger. I have a seed with two generated addresses in total. For the first address, I once received IOTA. For the second address I received two transactions. So far I have not sent any IOTA with both addresses. So I used an address twice to receive tokens. Should I act or are my tokens safe?
I totally understand your concerns. Iota is acctually not made for investors it's made for machines and reality usecase in IoT. That's one reason (beside the tech) why that big companys are partnering with it. And Iota needs to create that for them ASAP, because they don't like to wait. That's why Iota is actually heading all their ressourcces to develop the protocol to make it production-ready.
But you should see it as an opportunity... invest while there's a bullshit wallet and laugh when that changes
And by the way... it can't be easily hacked. Yust if you use the same adress for sending, twice. But i (like every investor) agree it's actually not really good usable for humans.
The Tangle can be easily hacked... I lost money, search on google for hundreds of IOTA wallets that get hacked daily!!! IOTA is the least safe crypto in the top 100 coins.
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
I totally understand your concerns. Iota is acctually not made for investors it's made for machines and reality usecase in IoT. That's one reason (beside the tech) why that big companys are partnering with it. And Iota needs to create that for them ASAP, because they don't like to wait. That's why Iota is actually heading all their ressourcces to develop the protocol to make it production-ready.
But you should see it as an opportunity... invest while there's a bullshit wallet and laugh when that changes
And by the way... it can't be easily hacked. Yust if you use the same adress for sending, twice. But i (like every investor) agree it's actually not really good usable for humans.
Personally I'd send your IOTA to an exchange. Their wallet isn't safe. Don't wait until the next exploit is discovered.
This post needs more attention and is a reason IOTA could be a ticking time bomb
by Metasophocles
/u/guselbindel lost $30k because he reused an address, but his post is being downvoted, so it can't see the light of day:
https://www.reddit.com/r/CryptoCurrency/comments/7gwl38/hello_guys_i_have_lost_30k_in_iota_and_i_would/
One of the responses:
You (accidentially) reused that XTU-address. Between the sending of the 39GI to Bitfinex and the receiving of the 23 GI from Bitfinex, there have been two snapshots. When entering your seed after that snapshots again, your balance showed zero, as it was supposed to. All history, addresses and transactions have been deleted. You then generated an address to receive the 23GI from Bitfinex. But this address was already generated (and used !) for the 39GI months ago. You shouldn't use an address for receiving, if you already sent from it.
Reusing receiving addresses is pretty standard in the rest of cryptocurrency, if doing so can cause you to lose your IOTA, the official wallet shouldn't allow it
People wondered why the mods tried auto-warnings for IOTA posts, but when posts like this are buried there is a clear brigading/manipulation problem. I'm not saying don't buy IOTA as a hedge against blockchain investments, but be careful with your funds and know there are serious issues with the tech right now.
Edit: note that top voted comment suggests this isn't an issue at all LOL, nice job IOTA community.
https://www.reddit.com/r/CryptoCurrency/comments/7gxdx8/this_post_needs_more_attention_and_is_a_reason/
by Metasophocles
/u/guselbindel lost $30k because he reused an address, but his post is being downvoted, so it can't see the light of day:
https://www.reddit.com/r/CryptoCurrency/comments/7gwl38/hello_guys_i_have_lost_30k_in_iota_and_i_would/
One of the responses:
You (accidentially) reused that XTU-address. Between the sending of the 39GI to Bitfinex and the receiving of the 23 GI from Bitfinex, there have been two snapshots. When entering your seed after that snapshots again, your balance showed zero, as it was supposed to. All history, addresses and transactions have been deleted. You then generated an address to receive the 23GI from Bitfinex. But this address was already generated (and used !) for the 39GI months ago. You shouldn't use an address for receiving, if you already sent from it.
Reusing receiving addresses is pretty standard in the rest of cryptocurrency, if doing so can cause you to lose your IOTA, the official wallet shouldn't allow it
People wondered why the mods tried auto-warnings for IOTA posts, but when posts like this are buried there is a clear brigading/manipulation problem. I'm not saying don't buy IOTA as a hedge against blockchain investments, but be careful with your funds and know there are serious issues with the tech right now.
Edit: note that top voted comment suggests this isn't an issue at all LOL, nice job IOTA community.
https://www.reddit.com/r/CryptoCurrency/comments/7gxdx8/this_post_needs_more_attention_and_is_a_reason/
BANG ON!!! TOTALLY AGREE WE NEED A PLACE WHERE "THE HACKED" CAN SHARE THERE EXPERIENCES AND MAKE SURE ALL IOTA FORUMS ADVERTISE THIS!!
See my experience below, it is almost identical. $9k gone.
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
The Tangle can be easily hacked... I lost money, search on google for hundreds of IOTA wallets that get hacked daily!!! IOTA is the least safe crypto in the top 100 coins.
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
I totally understand your concerns. Iota is acctually not made for investors it's made for machines and reality usecase in IoT. That's one reason (beside the tech) why that big companys are partnering with it. And Iota needs to create that for them ASAP, because they don't like to wait. That's why Iota is actually heading all their ressourcces to develop the protocol to make it production-ready.
But you should see it as an opportunity... invest while there's a bullshit wallet and laugh when that changes
And by the way... it can't be easily hacked. Yust if you use the same adress for sending, twice. But i (like every investor) agree it's actually not really good usable for humans.
That's fine by me, I'm happy you understand the tech, i loved the potential however I feel more effort should be made to explain how dangerous the tangle can be. New comers should be made aware. It sits in such a nice top 10 spot. (I'm not new to iota - I was away on business for a few months and hadn't picked up the snapshot news. ) It's such a shame but I fear more and more holes will be found by hackers. It's an open market. A Hackers Paradise. Good luck to IOTA, but man, PEOPLE BE AWARE HOW DANGEROUS THIS COIN CAN BE!
Have you verified this "hack"? If what you say is possible, it should be easy enough to replicate. I would be interested in seeing it replicated. Otherwise, its easier to assume you simply made a mistake.
how would I get it verified? I love that with IOTA you can get your hacked coins verified haha speaks volumns
I'm curious as to what's pumping the IOTA price so high? I've held IOTA for months, having to go through several recoveries with each new wallet update, and 6-12 hour transaction times trying to get it back to an exchange. In the end I sold the lot due to the frustrations with the platform. The idea is great, but it doesn't feel anywhere near ready for prime time. Am I missing some amazing news that justifies the pump, or is just market manipulation?
There's very solid tech and math behind this coin, a lot more than behind, say, Bcash or DASH or whatever. It's the leading coin in emerging category of IoT payemnts.I don't think it's not that they don't have expectations for it, it's just they feel it's too early. I say it's never too early if there's high confidence, but I can see what they are about.
Solid tech and math which doesn't work.... your better off with a reliable coin like BTC, LTC, even NEO looks like a good investment right now... The complexity of IOTA will be it's downfall. TO MANY HOLES. Take for instance their very own HASH "The Curl", what a joke this turned out to be. Sometimes trying to be to clever is stupid. Nice try though. Somebody had to.
The Tangle can be easily hacked... I lost money, search on google for hundreds of IOTA wallets that get hacked daily!!! IOTA is the least safe crypto in the top 100 coins.
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
It seems that you baghold Icash and some other shitcoins.
It would seem IOTA is just another shitcoin if it's unable to handle security?
The Tangle can be easily hacked... I lost money, search on google for hundreds of IOTA wallets that get hacked daily!!! IOTA is the least safe crypto in the top 100 coins.
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
https://steemit.com/iota/@squidlings/does-iota-have-a-fisher-price-mode-i-got-hacked-have-you
I totally understand your concerns. Iota is acctually not made for investors it's made for machines and reality usecase in IoT. That's one reason (beside the tech) why that big companys are partnering with it. And Iota needs to create that for them ASAP, because they don't like to wait. That's why Iota is actually heading all their ressourcces to develop the protocol to make it production-ready.
But you should see it as an opportunity... invest while there's a bullshit wallet and laugh when that changes
And by the way... it can't be easily hacked. Yust if you use the same adress for sending, twice. But i (like every investor) agree it's actually not really good usable for humans.
That's fine by me, I'm happy you understand the tech, i loved the potential however I feel more effort should be made to explain how dangerous the tangle can be. New comers should be made aware. It sits in such a nice top 10 spot. (I'm not new to iota - I was away on business for a few months and hadn't picked up the snapshot news. ) It's such a shame but I fear more and more holes will be found by hackers. It's an open market. A Hackers Paradise. Good luck to IOTA, but man, PEOPLE BE AWARE HOW DANGEROUS THIS COIN CAN BE!