IOTA is still in beta development and will be for quite a while, the vast majority of investors understand this, so the recent problems with the trinity wallet doesn't really change the future outlook of the project.
This is a lie. IOTA is a proven scam. 
Topic: IOTA - page 13. (Read 1473405 times)
IOTA is still in beta development and will be for quite a while, the vast majority of investors understand this, so the recent problems with the trinity wallet doesn't really change the future outlook of the project.
This is a lie. IOTA is a proven scam. IOTA is a long term cutting edge project in beta development since 2015, I don't expect mainstream machine economy IOT apps until 2022, everything so far doesn't rate as a proof of concept even, most holders understand the timeframe involved, and understand all the criticism over the coordinator, some speculators will get nervous and dump, haters will do their thing. The thread you linked to has no new allegations, and no evidence, and less than 25% of the mud slung at IOTA over the years. Can't you even bother to catalogue all the conspiracies in one place?
IOTA is still in beta development and will be for quite a while, the vast majority of investors understand this, so the recent problems with the trinity wallet doesn't really change the future outlook of the project.
This is a lie. IOTA is a proven scam. I am shocked that IOTA has not lost more of its value. The MAINET has been turned off by a small centralized crew and they aren't turning it on again for weeks. That should absolutely destroy a networks value, right?
Are there no applications running? This is supposed to be for functioning applications right, not just coin exchange.
I must be missing something.
Are there no applications running? This is supposed to be for functioning applications right, not just coin exchange.
I must be missing something.
IOTA is still in beta development and will be for quite a while, the vast majority of investors understand this, so the recent problems with the trinity wallet doesn't really change the future outlook of the project.
I am shocked that IOTA has not lost more of its value. The MAINET has been turned off by a small centralized crew and they aren't turning it on again for weeks. That should absolutely destroy a networks value, right?
Are there no applications running? This is supposed to be for functioning applications right, not just coin exchange.
I must be missing something.
Are there no applications running? This is supposed to be for functioning applications right, not just coin exchange.
I must be missing something.
During a period when it has shut down, been robbed and lost over a third of its market cap, simpleton me would guess "Not very well".
Nonsense.
We have an IOTA BULL RUN!
Marvellous! Congrats to both teams!
https://i.imgur.com/H1yYeiG.png
CMC is one big hell of a joke. They should just stop already!
Hey guys! I've just uploaded a video on my youtube channel explaining the IOTA Trinity Wallet Attack. Hopefully my explanation can be understood by non-techies just like you and non-experienced crypto users Cheesy. I think you will find it interesting. Especially understanding how the attack happen to the IOTA and why the IOTA devs believe it could be a insider job from MoonPay. I also explained what could be the next steps after the attack. More, I also discussed a little bit how to be safe in the crypto world. Hopefully you will find my video interesting. Let me know if you would like more content about IOTA on my tech channel https://youtu.be/DK3UkjfYfyI
https://img.youtube.com/vi/DK3UkjfYfyI/maxresdefault.jpg
Peace. Alexandru
https://img.youtube.com/vi/DK3UkjfYfyI/maxresdefault.jpg
Peace. Alexandru
Just thought I'd check my favorite clever people's coin, ~360 hours on from the mishap that lead to the Big Red Button Push.
Had a look at the Status page
Excellent.
Take it steady boys. Don't want a clusterfuck, do we?
Had a look at Coinmarketcap.
$350 million wiped off the cap so far.
But wait, a ray of hope.... CMC have got this devilishly clever new thing called FCAS. There are such clever people in this space.
Ok, a metric based on those three bolded things, got it.
User Activity
Well, I'd say that's been pretty modest over the last couple of weeks.
Developer Behavior
Hmm.
Slow? Thorough? Confidence inspiring? Does it factor in EE?
Market Maturity
Not sure. Most things shrink as they get older, is that what they mean by "maturity", because the "market" certainly has?
Anyway, how has IOTA's "health" done over the last two weeks?
During a period when it has shut down, been robbed and lost over a third of its market cap, simpleton me would guess "Not very well".
Nonsense.
We have an IOTA BULL RUN!
Marvellous! Congrats to both teams!
Had a look at the Status page
Quote from: https://status.iota.org/
February 26th 2020 - 11:10
We are currently in the testing phase of the migration tools
We are currently in the testing phase of the migration tools
Excellent.
Take it steady boys. Don't want a clusterfuck, do we?
Had a look at Coinmarketcap.
$350 million wiped off the cap so far.
But wait, a ray of hope.... CMC have got this devilishly clever new thing called FCAS. There are such clever people in this space.
Quote from: https://flipsidecrypto.com/fcas/
What is FCAS™?
Fundamental Crypto Asset Score (FCAS™) is a comparative metric used to assess the fundamental health of crypto projects. The score is derived from the interactivity between primary project life-cycle factors: User Activity, Developer Behavior, and Market Maturity. Each asset is given a score, 0-1000, and an associated rank.
Fundamental Crypto Asset Score (FCAS™) is a comparative metric used to assess the fundamental health of crypto projects. The score is derived from the interactivity between primary project life-cycle factors: User Activity, Developer Behavior, and Market Maturity. Each asset is given a score, 0-1000, and an associated rank.
Ok, a metric based on those three bolded things, got it.
User Activity
Well, I'd say that's been pretty modest over the last couple of weeks.
Developer Behavior
Hmm.
Slow? Thorough? Confidence inspiring? Does it factor in EE?
Market Maturity
Not sure. Most things shrink as they get older, is that what they mean by "maturity", because the "market" certainly has?
Anyway, how has IOTA's "health" done over the last two weeks?
During a period when it has shut down, been robbed and lost over a third of its market cap, simpleton me would guess "Not very well".
Nonsense.
We have an IOTA BULL RUN!
Marvellous! Congrats to both teams!
Over a week now.....in that time, the MIOTA marketcap has dropped by ~$200m.
Looks like Moonpay are in the blame frame.
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.
TCP/IP was funded by government (universities and military ), the IOTA protocol is being funded by the token, and it's basically done the job well to date. Speculators and investors needed a wallet so Trinity was developed, but none of this has much relevance to the internet of things machine economy. IOTA is in beta, it's not a human based digital currency.
The IF has done a good job, the companies considering using the IOTA protocol and making it a global standard for machines on the internet don't care about trinity.
The IF has done a good job, the companies considering using the IOTA protocol and making it a global standard for machines on the internet don't care about trinity.
Well, COO was turned off on Wed Feb 12 @ 17.20, about 100 hours ago.
Despite all Iotean Hans (geddit?) on deck and "additional external cyber security experts (who) have joined the investigation with multiple security teams" and the presence of 'law enforcement', the message to token holders is voicemailesque
The guilty Trinity wallet (name change being discussed for "religious" reasons) is being V2'd
Doesn't it?
All this drama and problem solving has turned the Ioteans a bit passive/aggressive and sensitive, especially on the subject of COO and the definition of decentralization...
So there. Apparently Bitcoin has a big red STOP button too?
Anyway, they rather like their button.
Maybe it's a power thing, or maybe they have no confidence in a post centralized, big red button-free environment?
Yeah Eric, the STOP button works fine, it's the rest...
Anyway, David is upbeat.
Just the one....you sure?
Quotes from Discord, Reddit and Iota status.
That, of course, depends on Iota having a future, and I'm not just referring to themanipulated casino chip token.
I've always thought coordicide sounded a bit...terminal.
Despite all Iotean Hans (geddit?) on deck and "additional external cyber security experts (who) have joined the investigation with multiple security teams" and the presence of 'law enforcement', the message to token holders is voicemailesque
Quote
Again, we appreciate your patience right now. We are doing everything we can to resolve this incident in as secure and smooth a way as possible.
Quote
Hopefully we will have a concrete action plan tomorrow and will then communicate it.
The guilty Trinity wallet (name change being discussed for "religious" reasons) is being V2'd
Quote
We will release a new Trinity version tomorrow with the fixes implemented. It's not yet the full transition tool, but it's the first step towards fully going back to operations.
That sounds comforting. Doesn't it?
All this drama and problem solving has turned the Ioteans a bit passive/aggressive and sensitive, especially on the subject of COO and the definition of decentralization...
Quote from: Eric Hop
I wish people would fuck off about the whole iota not being decentralized because of coordinator, when every block chain token is centralized around a few mining pools that seriously disrupt any possibility for positive software development. They fucking hold back everything that influences their bottom line. Which is why Bitcoin and the rest have pretty much been stagnant for years while we move forward constantly.
So there. Apparently Bitcoin has a big red STOP button too?
Anyway, they rather like their button.
Maybe it's a power thing, or maybe they have no confidence in a post centralized, big red button-free environment?
Quote from: Hop
What is especially funny to me is that the coordinator that everyone was bitching about for years did exactly the thing it was meant to do. It allowed us to halt an exploit that otherwise would have cost everyone dearly.
Yeah Eric, the STOP button works fine, it's the rest...
Quote from: Hop
I will be kind of sad to see it go.
Why?Anyway, David is upbeat.
Quote
Let's not give this fuckface further attention. The cause has been identified, law enforcement is involved and mitigation strategy is being worked on. There will be further official updates, but let's not halt the whole IOTA project due to one idiot.
Just the one....you sure?
Quotes from Discord, Reddit and Iota status.
Quote
the machines using IOTA in the future won't care
That, of course, depends on Iota having a future, and I'm not just referring to the
I've always thought coordicide sounded a bit...terminal.
IOTA is a data transfer protocol for machines, the project is in beta, and will be for a few years yet. The IOTA token is important for initial funding, but won't be used by machines as intended for quite a while, and for many use cases the token won't be used at all.
It's unfortunate that a few human users of the Trinity wallet had funds hacked, but it has zero impact on the ultimate roadmap for the IOTA project. Yes, it looks bad that a third party software provider created an attack vulnerability for the wallet provided for humans to use, and obviously some human investors and speculators are going to get upset and abandon the project in the short term, but, the machines using IOTA in the future won't care.
It's unfortunate that a few human users of the Trinity wallet had funds hacked, but it has zero impact on the ultimate roadmap for the IOTA project. Yes, it looks bad that a third party software provider created an attack vulnerability for the wallet provided for humans to use, and obviously some human investors and speculators are going to get upset and abandon the project in the short term, but, the machines using IOTA in the future won't care.
Quote from: Iota Blog
“ The short answer is that the coordinator can and will be removed if our research team is convinced that we sufficiently understand the coordinator-free Tangle.“
My bold.
And if they don't "sufficiently" understand their own creation?
Then Iota remains what it is today, a centralized mess that's going nowhere.
With a useless mIota token and a nine figure marketcap?
As Eric Wall puts it
Quote
Is it possible to create a rubbish coin based on advanced bullshit, build a community of misguided fans nevertheless, run it centralized for 5 yrs, hardfork-copy the design of a real working project, keep the community and become a success?
I find it really hard to believe that one of my favorite crypto projects is falling apart like this. Of course from day one I knew that removing coordinator will be hard, but I didn't think that it'll be impossible. This is a pure sh!tshow.
Seems like we're going to see the slow (and painful) death of IOTA; the tangle really got tangled!
Quote from: Iota Blog
“ The short answer is that the coordinator can and will be removed if our research team is convinced that we sufficiently understand the coordinator-free Tangle.“
My bold.
And if they don't "sufficiently" understand their own creation?
Then Iota remains what it is today, a centralized mess that's going nowhere.
With a useless mIota token and a nine figure marketcap?
As Eric Wall puts it
Quote
Is it possible to create a rubbish coin based on advanced bullshit, build a community of misguided fans nevertheless, run it centralized for 5 yrs, hardfork-copy the design of a real working project, keep the community and become a success?
It exists already a scam accusation thread:
https://bitcointalksearch.org/topic/m.53848300
This iota on the DLT market not a DLT token or coin at this time... Sure. Scam? Maybe not. It is maybe a TEST token or TEST coin of a DLT project with a "temporary" centralized server (the Coordinator).
It is a big delusion on the market ALREADY, I belive.
https://bitcointalksearch.org/topic/m.53848300
This iota on the DLT market not a DLT token or coin at this time... Sure. Scam? Maybe not. It is maybe a TEST token or TEST coin of a DLT project with a "temporary" centralized server (the Coordinator).
It is a big delusion on the market ALREADY, I belive.
what's going on with iota 
I think it's comforting that someone's got a big red "Pause" button.
Isn't it?
Proposal to switch the IOTA tangle from a balances-based model to an UTXO one. - https://www.publish0x.com/rhyzom/proposal-to-switch-the-iota-tangle-from-a-balances-based-mod-xggwnz
Ahhh, well. The second (?) IOTA fork.
I am curious, when join CfB to this diskussion AGAIN, to moderate it, and develop and start the TRUE IOTA-net - without any coord...!
The list about the original investors is stored in this thread also! They are ready - mostly - I believe - to support the TRUE IOTA development of CfB and to establish a new IOTA foundation, if it needed AGAIN!
The FIRST IOTA fork of David's dev-team, has at this time many issues, maybe possibilities also, maybe not a scam, but this thread belongs to CfB!
This is the thread of the TRUE IOTA development! Any other development is only a fork or a scam!
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