IOTA IS CENTRALIZED | Bitcointalksearch.org

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: leea-1334 on April 08, 2018, 08:01:12 AM

Um, yes, IOTA is centralized. Let me put it this way. If a coin is launched with an ICO, then you bet it is centralized, despite what the developers will want you to think. Of course, I think there are some that have in their roadmaps a way to eventually decentralize, but then that's a roundabout way to do things to me. But I suppose it was unavoidable. Even Satoshi had to decide and even mine on his own at one point. And then he left. And natural order happened. So,,, your point does not have a point maybe?

It wasn't a choice against decentralization or a roundabout way to get there, it was a solution to an inherent problem in DAGs. Until there is enough tx, the network is especially vulnerable to attacks, so the coordinator serves as a protection. The devs have stated over and over that it will be opensourced, and when they feel the network is large enough, they will remove it.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Um, yes, IOTA is centralized. Let me put it this way. If a coin is launched with an ICO, then you bet it is centralized, despite what the developers will want you to think. Of course, I think there are some that have in their roadmaps a way to eventually decentralize, but then that's a roundabout way to do things to me. But I suppose it was unavoidable. Even Satoshi had to decide and even mine on his own at one point. And then he left. And natural order happened. So,,, your point does not have a point maybe?

Dread

member

Activity: 315

Merit: 12

Quote from: luchins on April 08, 2018, 04:25:39 AM

I have red a lot of FUD about IOTA.

They say that it is centralized, that it is vulnerable to hacks and depends on coordinators.

PLease can you try to explain where is the truth?

I have red that IOTA is centralized now, but the more the network will grown, the less centralized it will become.

I wanted to ask you this question:

if there are no incentives to protect the network , and a lot of incentives to attack the network-- how could be IOTA secure from hackers and malicious attackers?

Second question: Why there is this general belief that the IOTA team will never deliver and they don't know ''what they are doing''? (belief)

Third question: What was that FUD in December about a ''Fake'' Microsoft partnership? Was it FUD or a misleading to increase the price?

It would be appreciated if you could answer to those question, IOTA holders. Thank you.

Iota have a real problem and low security
the second of problems it s a low of witnesses(1(?) vs 12 from Byteball)

about Microsoft partnership, are u about that?
"CONNAX, which is currently developing its IoT solution with its partners Microsoft Azure IoT Hub, Circular Devices and iLEDea, provides a reliable technology platform which enables secure mass deployment and configuration of connected devices. The generated private key on the Byteball DAG platform will remain within the trusted area of secure microcontroller and will never leave the security contour."

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

https://hackernoon.com/iota-why-the-fud-makes-sense-82a2f1dc38d5 Most of it's covered here--though you can find an answer to each specific piece of FUD if you google.

luchins

newbie

Activity: 204

Merit: 0

I have red a lot of FUD about IOTA.

They say that it is centralized, that it is vulnerable to hacks and depends on coordinators.

PLease can you try to explain where is the truth?

I have red that IOTA is centralized now, but the more the network will grown, the less centralized it will become.

I wanted to ask you this question:

if there are no incentives to protect the network , and a lot of incentives to attack the network-- how could be IOTA secure from hackers and malicious attackers?

Second question: Why there is this general belief that the IOTA team will never deliver and they don't know ''what they are doing''? (belief)

Third question: What was that FUD in December about a ''Fake'' Microsoft partnership? Was it FUD or a misleading to increase the price?

It would be appreciated if you could answer to those question, IOTA holders. Thank you.

Topic: IOTA IS CENTRALIZED (Read 146 times)