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RE: IOTA - Cannot be used for IoT. Loss of funds may occur. It's isn't the future.

in #cryptocurrency7 years ago

"In summary, when you strip away the fancy tech jargon like Directed Acylic Graphs, Internet of Things, and Tangle, what the IOTA whitepaper proposes is simple and fundamentally impossible. They are basically proposing that a blockchain with no difficulty adjustment can scale. When they actually implemented their system, they realized that this was impossible for an actual decentralized system so they implemented a centralized solution to fix it."
https://medium.com/@ico_8796/savedroid-ico-grab-bonus-tokens-now-with-new-marketing-tools-33e15358a331

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Another bunch of unproven claims, especially “strip away the fancy tech jargon like Directed Acylic Graphs“ followed by “they are proposing that a blockchain with no difficulty adjustment can scale“ is really hilarious. in case you are actually trying to grasp the subject i recommend you to look for more authoritative sources.