RE: IOTA is problematic ($MIOTA) Broken Internet of Things by deviota

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @hedge-x/re-cryptoportfolio-iota-is-problematic-usdmiota-broken-internet-of-things-20171001t171000770z

iota · @deviota · Oct 1 '17

$1.20

If the security issues are so massive, I wonder, why there hasn't been any equivalent of the DAO on IOTA, yet? 🤔

👍 spinbitz, omnivagus

`author`	deviota
`permlink`	re-hedge-x-re-cryptoportfolio-iota-is-problematic-usdmiota-broken-internet-of-things-20171001t181605061z
`category`	iota
`json_metadata`	{"tags":["iota"],"app":"steemit/0.1"}
`created`	2017-10-01 18:16:03
`last_update`	2017-10-01 18:16:03
`depth`	2
`children`	2
`last_payout`	2017-10-08 18:16:03
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.900 HBD
`curator_payout_value`	0.298 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	112
`author_reputation`	33,087,872,675
`root_title`	"IOTA is problematic ($MIOTA) Broken Internet of Things"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	16,495,506
`net_rshares`	431,948,631,949
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
spinbitz	0 B		431,349,038,849	100%
omnivagus	0 B		599,593,100	100%

@hedge-x · Oct 2 '17

$0.02

The DAO hack was a smart contract breach of the DAO only.  It had nothing to do with the Ethereum core protocol.  IOTA concerns many cryptographic experts b/c its not full consensus many times over like blockchain + Raiden or LN will allow very cheap transactions in the future.  EOS and Steem are also "free" transactions.  Apps will be built for IOT plugin to use with ETH, NEO, EOS and other Blockchain based systems.  The problem with IOTA is its not secure and there is little advantage over off chain scaling.  Any blockchain can do IOT in the future not just IOTA like its branded.

👍 cryptoportfolio

`author`	hedge-x
`permlink`	re-deviota-re-hedge-x-re-cryptoportfolio-iota-is-problematic-usdmiota-broken-internet-of-things-20171002t031615180z
`category`	iota
`json_metadata`	{"tags":["iota"],"app":"steemit/0.1"}
`created`	2017-10-02 03:16:15
`last_update`	2017-10-02 03:16:15
`depth`	3
`children`	1
`last_payout`	2017-10-09 03:16:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.016 HBD
`curator_payout_value`	0.004 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	588
`author_reputation`	4,314,789,891,942
`root_title`	"IOTA is problematic ($MIOTA) Broken Internet of Things"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	16,528,426
`net_rshares`	7,821,855,028
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
cryptoportfolio	0 B		7,821,855,028	100%

@spinbitz · Oct 2 '17

If it wasn't secure then it could be hacked. There is a 1.6 billion dollar bounty. And yet no funds have ever been hacked. No, IOTA is secure, more than any blockchain. You just swallow the FUD and don't look beyond surfaces.

👍 bluejays, omnivagus

`author`	spinbitz
`permlink`	re-hedge-x-re-deviota-re-hedge-x-re-cryptoportfolio-iota-is-problematic-usdmiota-broken-internet-of-things-20171002t162952618z
`category`	iota
`json_metadata`	{"tags":["iota"],"app":"steemit/0.1"}
`created`	2017-10-02 16:29:51
`last_update`	2017-10-02 16:29:51
`depth`	4
`children`	0
`last_payout`	2017-10-09 16:29:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	225
`author_reputation`	198,236,015,576
`root_title`	"IOTA is problematic ($MIOTA) Broken Internet of Things"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	16,583,736
`net_rshares`	5,552,126,637
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
omnivagus	0 B		608,913,200	100%
bluejays	0 B		4,943,213,437	100%