hyprCoin

It likely wouldn't exist without the scam component. The original developer never intended to follow through with his vision, but it was a good enough vision that many people decided it was worth investing in and working towards.

My point was that there are regularization factors in the market that exist without a centralized organization rubber stamping actions. Of course, that doesn't fit the narrative that people, especially the poor and intelligent, must be protected from themselves.

Look at chain coin. A crypto currency that was a scam coin, people lost a lot of money and the original developer dumped his supply.

It did not die, different people are now picking up the chain and making it a more valuable currency.

The point is not that these currencies are "on a computer", the point is that they represent a collective interest that lives beyond borders.

Why should a global decentralized currency be beholden to local regulation?

I guess the lesson is to do a fair launch and run nicehash to control a large percentage of the network. Then you don't have to abide by SEC regulation as the coin does not represent a centralized organization.

I would encourage you to look into other alt coins for human to human value transport. My personal favorites are raiblocks and smartcash, but there are many others. Eth can even be used very effectively.

Litecoin has a cool name, a good position on the charts, and all of the same issues that bitcoin has.

It's important not to conflate the present issues with the eventual issues. Eventually, ETH will be an immediate and decentralized distributed value network with extremely low to nonexistent processing fees.

When we are dealing with money, trustlessness means not asking permission. It also means you can review what the code is doing before sending your valuable money to it. We also get a global headless processing center for free.

I think you should re-evaluate your opinions on eth. But, maybe you are right and people are ok with throwing their money into a centralized repository. Maybe visual sourcesafe will make a comeback as well.

I don't think this is a good thing. We are going to lose some of the brightest next generation startups to lesser jurisdiction areas due to regulation created in the 40s.

I really do not care for the accredited investor scam.

Long term plans of IOTA at least are to provide a trustless currency. Right now it has a centralized coordinator which is a neverending source of issues. Hopefully it can be successfully removed in the coming years.

Nice unbiased report

> A client jokingly told me that his biggest gripe with me in 2016 and 2017 was that I didn’t buy him any Bitcoin. I told him not so jokingly that if I bought him Bitcoin, he’d be right to fire me. Maybe I’m a dinosaur; but, like gold, Bitcoin is impossible to value. What is it worth?

I get it that you feel like you missed the boat. The boat hasn't left the harbor in the actually useful ecosystem of crypto currencies. Bitcoin is not the end-all

I appreciate the succintness of your comment. I believe there is an elaboration here: https://github.com/noneymous/iota-consensus-presentation

If I understand the issue you've pointed out correctly, this is why the coordinator currently exists. Once there are constantly running zero value transactions all around us (self driving cars, smart sensors, etc), then that becomes trivial.

IE the number of indirect children of your tip increases at a rate of roughly 2^n (less due to random tip selection). This leads to confirmation in an exponential fashion.

Many people in the crypto space are peddling their own agendas.

I've read the tangle paper. It seems as the node transaction weights grow, the double spend problem is solved (transaction nodes gain weight as others confirm). Arguably you could have bad actors confirming transactions but that is why the coordinator exists until there are enough transactions happening where a coordinated double-spend attack is not feasible.

Looking at tfha's post history, you can see he does not support POS as secure either and refers to the opinions of the bitcoin team. These are two red flags for me.

There are others that do not act in your best interest taking center stage in the crypto world.

There are many very well respected computer scientists in the iota foundation and I'm sure they are well aware of any issues the coin will have along the way.

Edit: Don't trust me either. Do your own research.