IOTA is a well known fraud, highly distrusted and discredited among anyone follo... | Hacker News

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badge on Sept 28, 2018 | parent | context | favorite | on: Coinbase Wants to Be Too Big to Fail

IOTA is a well known fraud, highly distrusted and discredited among anyone following cryptocoins.

https://medium.com/andreas-tries-blockchain/iota-cannot-be-u...

The network is centralized and unusable. There is no real world use case, and additionally the architecture is optimized for Trinary which is weird for IOT hardware because it's not mass produced to the scale of normal binary hardware.

https://en.wikipedia.org/wiki/Ternary_computer

jki275 on Sept 28, 2018 [–]

"not mass produced to the scale of normal binary hardware" is the understatement of the century -- other than that completely agree, IOTA is an absolute fraud.

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