Hacker News Reader

I agree that it's risky but a lot of people here are making it sound like the plague. There is inherent risk in all cryptos. IOTA being a totally new concept to crypto currency makes it a little more risky but that doesn't mean that it should be abandoned or destroyed. The vision and benefits of it are great! $0 transactions and no miners sucking up electricity! I just don't get the hate.

View on HN

> There is inherent risk in all cryptos.

This type of sentence is often intellectually dangerous. It's the basic pattern for a false equivalence -- brushing the differences under the rug.

You are essentially saying that risk1 === risk2, without any justification.

The default position when comparing thing1 to thing2, in any complex domain, is that they are not exactly the same, and we should be very cautious when trying to generalize from one to the other.

Clearly a JS Dev "===" :D

Hah! Nice catch. I noticed that after as well. I've certainly written a few lines of javascript in my day.

Which is why I said that IOTA is more risky because it is a new concept. The justification is that to stand up "The Tangle", the Coordinator is necessary at this time. Nobody has been giving any other ideas than FUD.

Reply on news.ycombinator.com