Bitcoin Forum
June 15, 2024, 08:38:06 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: IOTA  (Read 117 times)
ehsan9900 (OP)
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
August 14, 2020, 02:44:16 AM
 #1

Hello.
what is your opinion about iota?
why it is good or bad(technically and fundametally)?
is that will be popular and valuable in the future? why?
is that a good investment for 2-3 yeasrs later?

bitmover
Legendary
*
Offline Offline

Activity: 2338
Merit: 6006


bitcoindata.science


View Profile WWW
August 14, 2020, 02:15:59 PM
 #2

IOTA is a centralized project which failed. Any money you put into it is the same as throwing it in trash.

Take a look at this topic

IOTA: Snake oil insecurity with a centralized kill switch to shut off your money


From Coindesk, with my red boldface added:

Quote from: Coindesk
IOTA Foundation Suspends Network, Probes Fund Theft in Trinity Wallet

Feb 13, 2020 at 23:22 UTC
Updated Feb 14, 2020 at 15:14 UTC

IOTA Foundation, the nonprofit behind the IOTA distributed network, recommended users close their Trinity wallets Thursday after multiple reports of fund theft.

IOTA said it started receiving the reports Wednesday and decided to shut off the Coordinator node in the network for further investigation.

[...]

On Twitter, IOTA said it is working with law enforcement and cybersecurity experts to investigate a coordinated attack that resulted in stolen funds.

Dominik Schiener, co-founder of the IOTA Foundation, did not respond to request for comments before the press time. CoinDesk will add updates as the story develops.



The coordinator is a central node which validates transactions. When you do not care about decentralization, the network is vulnerable to attacks. Free/instant transactions comes at a cost.

The coordinator was stealing people' fund.

Are you sure you wanna invest in such a project?

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
nutriagrigia
Sr. Member
****
Offline Offline

Activity: 1270
Merit: 254


Oikos.cash | Decentralized Finance on Tron


View Profile
August 14, 2020, 02:38:51 PM
 #3

this is a really good project, but we can't be sure what will happen in 2-3 years. This is Altcoin and anything can happen with it. If you invest money in this project, you should always observe what is happening inside


█▀█ █ █▄▀ █▀█ █▀ ░ █▀▀ ▄▀█ █▀ █░█
█▄█ █ █░█ █▄█ ▄█ ▄ █▄▄ █▀█ ▄█ █▀█



DeFi on Tron
and trustless token exchange
█████











█████

██████████████████████████████████████████████████████

JOIN OIKOS

██████████████████████████████████████████████████████

█████
    █
    █
    █
    █
    █
    █
    █
    █
    █
    █
    █
█████
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!