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RE: Crypto Analysis Series - Part 6: IOTA

in #iota6 years ago (edited)

Hi @reverseacid,

Actually Mr. Piotr referred your name, which sparked interest in my mind to read your blog posts.

My heartfelt congratulations for explaining extensively about IOTA. I was able to understand it very well.

As you said to @brammdal, every latest technology will have some hitches. If we see it big through the magnification lens, we are the ones who will be losing the benefit!

"It is viewed in a negative light by some sects of blockchain enthusiasts because of the centralized nature of transactions."

If it appears to them that way, let them try to find a way to make it decentralized. Actually I don't have that knowledge if it is practically feasible or not, but my concern is what makes them to show such a beneficial IOTA in poor light.

This is really very unfortunate on their part to see this technological marvel in such a way.

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Hi @marvyinnovation

First, extremely sorry for the late response. Second, completely agree with you. But as mentioned in the article, coordicide: the killing of the centralized node, will occur when the network has enough has power to defend itself. That's when IOTA will truly shine. Unfortunately it's a paradox where we need network activity to decentralized and simultaneously need decentralization to get network activity.

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