Recent IOTA vulnerability: Example of poor vetting by investors

[JesusCryptos]

This is the answer of Iota's dev to this accusation:

https://medium.com/@mistywind/iota-cofounder-sergey-ivancheglo-aka-come-from-beyonds-responses-to-the-ongoing-fud-about-so-ea3afd51a79b

It must be noted that what he is telling seems to make perfect sense. Sometimes you need the full picture...

[joshki]

This is the answer of Iota's dev to this accusation:

https://medium.com/@mistywind/iota-cofounder-sergey-ivancheglo-aka-come-from-beyonds-responses-to-the-ongoing-fud-about-so-ea3afd51a79b

It must be noted that what he is telling seems to make perfect sense. Sometimes you need the full picture...

The whole "copy protection" story makes no sense. they screwed up and don't want to own it.

[JesusCryptos]

This is the answer of Iota's dev to this accusation:

https://medium.com/@mistywind/iota-cofounder-sergey-ivancheglo-aka-come-from-beyonds-responses-to-the-ongoing-fud-about-so-ea3afd51a79b

It must be noted that what he is telling seems to make perfect sense. Sometimes you need the full picture...

The whole "copy protection" story makes no sense. they screwed up and don't want to own it.

Now I'm puzzled. Perhaps I don't have enough technical knowledge, but what makes you think that? I'm not a fan of Iota at all, I think it is so centralized to be practically almost a scam, but in this specific case, what makes you think they are lying?

[joshki]

This is the answer of Iota's dev to this accusation:

https://medium.com/@mistywind/iota-cofounder-sergey-ivancheglo-aka-come-from-beyonds-responses-to-the-ongoing-fud-about-so-ea3afd51a79b

It must be noted that what he is telling seems to make perfect sense. Sometimes you need the full picture...

The whole "copy protection" story makes no sense. they screwed up and don't want to own it.

Now I'm puzzled. Perhaps I don't have enough technical knowledge, but what makes you think that? I'm not a fan of Iota at all, I think it is so centralized to be practically almost a scam, but in this specific case, what makes you think they are lying?

They put a non tested and easily breakable hash function in their code, jeopardizing their whole project. MIT could have simply wiped the whole project out, but they chose to be responsible - and look how the iota team treated them.

Who would "copy protect" their code by breaking their production cryptosystem and distributing it?  The very idea is so absurd it's inconceivable.