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?
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.
A password is useless since it is just a longer string. 2781 is already secure
I would argue any user based personalisation as a gate to an automated process makes mass phishing type attacks more difficult to occur. If the seed was somehow a predictable sequence then the user adding something personal would have helped in that case. In any case it should be an option given, a uniform attack should not be possible ideally so thats why I argue in favour of personalisation.
Usability is a big deal for meshing complex secure process to people who really have no idea of the workings nor should be required to, just a common problem every standard faces I think
