agreed. but it has can excel in some specific use cases like micro-transactions, but nothing is without a cost (centralizing).
about IOTA (i'm not very familiar with that one yet but it seems quite promising), what are the problems you are referring to?
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Haven't seen any compelling game theory of their Tangle. Can't do smart contracts - by design. Also DAG structures are vulnerable to "becoming spread too thin".
Interesting experiment. Really shouldn't be given more status than just that.