IOTA Dumping

[nadrojcote]

Looks like there was a vulnerability found in IOTA. Should have sold when vickibot told me to earlier.

https://twitter.com/neha/status/905838720208830464


Edit - looks like its been patched.

[Opnsrc]

Yes it looks like patched. But some people say that it is not good solution.
To fix it totally they need to do fork!

About me - I don't selling my IOTA, just keep it and that's it!

[Koontas]

Yes it looks like patched. But some people say that it is not good solution.
To fix it totally they need to do fork!

About me - I don't selling my IOTA, just keep it and that's it!

I don't understand why IOTA hasn't implemented some standard cryptographic implementations like SHA or similar. But I hope they have a reason and that they will work that issue out with some cryptography experts. I will hold my IOTAs during that fud. The real IOTA hype has not yet started imho.

[neinnein125]

This is very bad. IOTA should completely renew and possibly fork its coin. I was planning to buy some IOTA but not gonna after this. Definitely no.

[jimbo2000]

This is a really big issue for the them but I believe that they will be able to overcome it given some time and working in the right way. Inevitably it will hurt their market but I expect that they will be able to recover in the future once an acceptable solution is found.

[PAKYU]

they got some bug but already closed it. why people still dumping it?

[thangoffshore]

they got some bug but already closed it. why people still dumping it?

It SEEMS that IOTA dev. team did NOT aware of the bug until others TOLD them so. What if someone else exploit the other bug instead of inform dev. team?

It's nearly impossible to develop something without bug, but how the dev. handle the problem is very important. The dev. team SEEMS to accused the one who informed them the bug. There would be very few people want to inform them again, in case another bug found by them.

Just my 2 satoshis.

[joshki]

they got some bug but already closed it. why people still dumping it?

Because they are still using the same broken hash function throughout their code, and they think they know how to build crypto but don't, and they're still a system that has to be centrally controlled and I think a lot of people didn't really understand that until they read the analysis yesterday. 

[prabakharras]

Even with that kind of negative news, price still holding well https://www.coingecko.com/en/price_charts/iota/usd
not that its trending up, but the down price is probably because of chinese news, less so the hash exploit

[joshki]

Even with that kind of negative news, price still holding well https://www.coingecko.com/en/price_charts/iota/usd
not that its trending up, but the down price is probably because of chinese news, less so the hash exploit

It's been amazing to me watching people do silly things in massive groups with money over the last 8 years or so.

There's a lot of money tied up in a system here that is probably not difficult to break, the devs aren't proactive and aren't well educated in the world of crypto, and it seems to me to be a recipe for disaster. 

Then again people still put money into ETH icos.