Fascinating, when I first heard about iota and looked into it, it seemed like it would be the next step after blockchain. Your article and the links provided show that may not be the case at all. This seems to limit the potential upside for iota, but I'm no expert. A lot of this was over my head, my takeaway is that even though it might be faster, it may have issues validating, which may compromise a certain amount of "state"
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sounds like you pretty much were able to get the "gist" of it! :)
I think the real question is going to be the ternary microchips from JINN labs. Ternary as opposed to binary is never been done before in a microprocessor (and this might have its reasons). Software and algorithms can be changed but another platform will takes the Tangles place when the ternary microchips fails . This is a huge challenge, a startup creating a fully functioning, cheap, safe durable microchip to be placed on every device with the smallest of circuit-boards (which is their goal) seems like an insurmountable task. I am writing an article about the role of the hardware development of JINN Labs in the possible success of IOTA in the future.
iota is a young currency, it can not quickly rise should wait a little bit!;)