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Nedkt

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About Nedkt

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  1. Closing in on 11K !!! It went from 10K to 11K in a day. Prepare for an epic fall across the board. Everything is running far too hot. Hope you are in cash to take advantage of the bargains at the bottom.
  2. Neo looks bad even relative to the rest of the market.
  3. IOTA discussion

    What specifically does BOSCH say about their "partnership" with IOTA? How about Volkswagon? Do they talk about it on their websites? I see IOTA announcing all these partnerships, but I came from that industrial background. Small companies would claim "partnership" because some dude in a lab at IBM was investigating their product and asked them a few questions. Show me a Volkswagon press release talking up IOTA. If that exists, great. If not, better be careful. They still don't even have a stable wallet. At least about a week ago I saw continuous non-stop complaints about their wallet and lost funds. The safest place to hold IOTA is on the exchange. That's problematic. Also, a couple weeks ago, their network went down for days with minimal communication. That's problematic. Finally, they continue to have the vast majority of their trading on a single exchange. My opinion stays the same. Good for short term trading if you want to take advantage of the swings, extremely risky and questionable for anything like a long term hold.
  4. Monero is massively tested and trusted. Their team is outstanding and they are very active. Monero is anonymous now and their roadmap solid.
  5. IOTA discussion

    David runs IOTA, he isn't the lead dev. Lead dev is Sergey Ivancheglo (aka Come from Beyond). Those two are both a piece of work. But that isn't David. Parody twitter. I think.
  6. IOTA discussion

    But whether or not they "know their stuff" is much of the debate. A lot of knowledgeable people from outside of the project saying they have made bad choices and mistakes in implementation, that there are big security unknowns that are downplayed and that they are being deceptive in their practices. It's not an appearance issue, there are multiple specific concerns. And the IOTA team circles the wagons and claims everyone from the crypto world that dares to criticize them must have an anti-iOTA agenda because they are afraid of IOTA.
  7. IOTA discussion

    Those two ARE the project. Those two gone, no IOTA. CfB owns the development. Everyone else is incidental.
  8. IOTA discussion

    and..... here is David Sonstebo's reply to Vitalik Buterin (just the unfortunately-typical-IOTA part): ...what is up with your sudden onslaught of cheap immature attacks on IOTA? I remember a couple of years ago you were so annoyed at how all Bitcoiners made fun of Ethereum and we always supported you, your f***ing roadmap includes the building blocks we made before you even started typing your whitepaper, yet you felt it appropriate to suddenly attack IOTA out of context? Weak. -------------------------------- That speaks for itself. This exchange is funny too. https://twitter.com/nicksdjohnson/status/912676954184323073
  9. IOTA discussion

    https://www.reddit.com/r/CryptoCurrency/comments/72l7kp/why_i_find_iota_deeply_alarming_eth_core_dev/dnk2zdy/
  10. IOTA discussion

    IOTA criticisms from an ether team guy..... https://medium.com/@weka/why-i-find-iota-deeply-alarming-934f1908194b Note the response from David Sonstebo: This is not even deserving of a full response. 140 character medium suffices, those who want to see how pathetic and ridiculous this slanderous attempt by Nick is should just read the tweet: https://twitter.com/nicksdjohnson/status/912676954184323073 In short: Nick is afraid of IOTA. https://medium.com/@DavidSonstebo/this-is-not-even-deserving-of-a-full-response-542e8e1ddcba --------------------------------------------------------------------- This is the TYPICAL IOTA RESPONSE to concerns others raise. They attack and claim slander, FUD, etc. I would seriously run, not walk from IOTA as a long term investment.
  11. IOTA discussion

    Bitfinex implemented months ago. They aren't a bunch of rocket scientists. If everyone involved wanted to make it happen it wouldn't be that hard.
  12. IOTA discussion

    US customers can use bitfinex but you have to cheat. You need a VPN and you can't get validated. So big money would be out unless you want to take a major risk. I agree it's a major red flag. Bitfinex has been highlighted for massive manipulation before. I refuse to believe other major exchanges would not have added IOTA by now (it's been a good deal of time) unless there was some issue stopping them, and the "technical challenge" isn't valid. It's supposed to be a major, revolutionary technology and yet not a single exchange beyond Bitfinex will add it? Makes no sense.
  13. IOTA discussion

    That article was techno-babble nonsense. I wouldn't look to that for anything useful. From other sources I see CfB now claims they switched out the hash not because it was flawed, but because it was "publicized" and they might as well save the extra cycles and move to the other (proven secure) hash. I have a hard time buying that. The entire IOTA community is in auto-attack mode on anything remotely questioning their crypto or the closed-source nature of the coordinator. My bottom line take on this is as follows: They wrote a bad hash. It was found to be problematic by the MIT team. They claim they had publicized this BEFORE the MIT team found it, saying "see our blog", but there is nothing whatsoever about a compromised hash in their blog. MAYBE they did try to write a hash with some kind of built in "copy protection", but they hosed it up whether that was a true intention or some story to cover up after the fact. Now they moved to a standard hash. However, this hash won't serve their requirements. They need a new kind of hash that doesn't exist yet. They claim to have brought on some of the top crypto talent in the world now, but no names given. And I still only see the one guy, CfB, doing and leading and deciding everything. Not a peep as to who these world-class cryptographers are. Even if they DO get a great team, they are years out from inventing a low-energy consumption hash for the IOT world (assuming they can). Further, I see a real risk as this entire project seems to me to be in the hands of one guy, Sergey Ivancheglo (CfB). Sergey and the IOTA team seems to think all other cryptocurrency projects are against them. They have really whipped up their project supporters with this story. That's a poor outlook, but to each project their own. I also remain very concerned with only a single exchange, Bitfinex, hosting IOTA. Bitfinex is probably the most manipulated exchange out there. There is NO reason other exchanges couldn't have been brought online by now, no matter the complexity. They all want to make money. The story I have seen is its either too complex or they are afraid of IOTA upending the crypto space. I call bullsh*t on both. A single exchange with their current daily volume is nothing but pump and dump bait. Nice if you catch a wave as a trader, but very questionable as to why they haven't expanded to at least one other exchange by now. One other thing is clear after these last few weeks, Sergey Ivancheglo actually wears the pants on this project. Everyone else, including their lead David Sønstebø is secondary. It's a one-man show. Not a deal breaker, as so for example is Litecoin, but something to be aware of because they don't make this clear to people coming in. This is probably why I have always been rebuffed when asking for a complete org chart. There really isn't one. All this stuff adds up the cumulative disadvantages and question marks. Anyway, that's my take.
  14. IOTA discussion

    That's the issue. My understanding is the vulnerability exists so they can hack any copycats. It's (supposedly) not an issue for the real iota because of the coordinator, which covers for the (supposedly) designed in back door. They refuse to release coordinator code or let anyone examine it because it would (supposedly) be too risky. All security depends on something no one can examine. So the whole security thing is circular. It's really a problem in my opinion.
  15. IOTA discussion

    Alternate response:
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