#Iota reddit review full#

I strongly disagree with many of IOTA's technical decisions (trinary, custom hash functions, POW on transactions), and find some of their behavior deeply egregious to the point where it goes beyond mere negligence. If you have this, then copycats will only be a shadow of what you can accomplish. You have the opportunity to create a strong brand around specializing in DAG blockchain tech, especially if you can welcome existing researchers in such algorithms. Formalize mathematical bounds on the level of influence that the 'coordinator' can have on consensus, and show that this level of influence becomes negligible once IOTA has enough transaction volume to be self-sustaining.Īlso, I would make a personal appeal to IOTA to not fear copycats.Address the issue that legitimate users of the system will be generally producing PoW on consumer hardware or devices with power constraints, whereas attackers will have access to specialized hardware, creating a large advantage in favor of the attacker.Formalize tangle's scalability claims in a similar way as we did here for ethereum, and show how tangle can be secure in a world where every user processes only a small portion of all transactions.

#Iota reddit review full#

Do a full comprehensive security audit, so third parties can verify that such 'copy protection', as well as unintentional flaws, no longer exist.Permanently disavow the use of security flaws as copy protection.

Just use SHA256, SHA3, Blake, anything (and no, this is not an excuse either). And even on trinary hardware in the future, 6% is negligible, and there's little value for negative numbers in a cryptocurrency. Yes, I get it, (log(3)/log(2)) / (3/2) ~= 1.06 and balanced ternary is cool, but if it's all ultimately running in binary hardware you're not making any gains. I personally would highly recommend Aviv Zohar he has worked on DAG algorithms with GHOST and SPECTER and could be great at suggesting improvements (I see you have cited him in your paper already great) Work with academic researchers on making the tangle algorithm something that has provable formal security guarantees.Here are some examples of things that I would encourage the IOTA community to do, and I'd be happy to support IOTA if many of these things were to happen: The 'security flaw as copy protection' thing is particularly offensive, and makes it difficult to trust the current dev team. I have nothing against the IOTA community, or DAG algorithms. r/CryptoCurrencyMemes r/CryptoCurrency_Tech r/CryptoMarkets r/CryptoRecruiting r/Best_of_Crypto r/BitcoinMarkets r/BitcoinMining r/CryptoTrade r/Ethfinance r/EthTrader r/Jobs4Crypto r/Liberland r/NFT r/OpenBazaar r/GPUmining Mastering Ethereum (Open Source book) Exchanges IBM's ZeroToBlockchain (Free learning resources) See our Expanded Rules page for more detailsĬoinMarketCap (Cryptocurrency market cap info)ġ0k.pizza (Portfolio tracking.See our Expanded Rules page for more details about this rule.This includes 'PM for referral', asking for referral codes or links, and linking to sites used solely for referral links. Rule #2.10 - Posting referral, promo links, or codes of any kind is strictly prohibited and will be met with a long-term or permanent ban.See our Expanded Rules wiki page for more details about this rule.If you meet our requirements and want custom flair, click here. Please make quality contributions and follow the rules for posting.

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