What happened to the IOTA dump fuss? Smear campaign or legit problem? I wanted to invest in IOTA months ago before changing my mind and putting the bets on Byteball.
CfB made newbie mistakes when attempting to make his own cryptography primitives, a hash function and digital signature scheme. Even the decision to attempt is wrong.
Not even Satoshi attempted to make his own crypto. Yet CfB in all his wise glory attempted to alone make a hash function.
Which failed so hard the cryptogod Bruce Schiener called him rookie. Thats like Satoshi telling someone theyre newbies but worse.
Basically all of iota was cryptographically broken, and researchers were nice enough to tell iota devs rather than exploit.
Even worse, the iota devs namecall the researchers and say the vulnerability was planted and theoretical and not a real problem, and those finding the vuln are part of a smear campaign.