PhD candidate criticizes IOTA community calling it ‘toxic’, points out scaling issues
In a recent series of tweets, popular cryptocurrency IOTA and its community have been called toxic by the director of the Open Privacy Research Society. Erinn Atwater, a security PhD candidate at the University of Waterloo in Canada, tweeted about the non-blockchain cryptocurrency on July 10. According to her tweets, she spent a week reading about IOTA to put forward a “brief summary of conclusions.”
How does IOTA work?
For those who aren’t aware, IOTA is different from most cryptocurrencies because it doesn’t use a blockchain. It uses a different technique known as Tangle. There are no transaction fees in this system. However, users need to send units of IOTA. One will have to allow to process their wallet program and confirm two other transactions (means of paying for own transaction). By this process, the transactions are not only free but also safely protected from spam attacks.
See Also: IOTA [MIOTA] Basics for Beginners
Atwater posted her views on Twitter and first mentioned the overall IOTA community toxic. According to her, honest criticisms are “met with coordinated brigading”. To explain, she added that the attacks can be in the form of trying to getting the experts fired, discredited, or even have their accounts hacked, Blockonomi reported.
1) above all, the community is toxic. any honest criticism is met with coordinated brigading, which includes attempts to discredit experts’ credentials, get them fired, and hack their accounts. i’ve been very hesitant over whether to share any of my thoughts/findings.
— Erinn Atwater (@errorinn) July 10, 2018
Atwater points out scalability issue stating, “Iota has no roadmap for scaling to the level they envision. PoW is currently done by wallets, not centralized miners, and research suggests their security does not hold unless all users near-24/7 do PoW. obviously this presents a scalability issue [sic].”
She added, “The plan to address this is to replace PoW with some sort of proof-of-resource-utilization (which either doesn’t scale or admits sybil attacks) or proof-of-locality (which can’t be propagated through the network, by definition) [sic].” She believes the solution is to “use a central 100% trusted authority called the “coordinator”, which issues “milestones” and “snapshots” to issue consensus and defend vs attacks on tip selection. this is called “training wheels” or “beta”.”
Her twitter thread soon became a platform of debate. The community response was mixed, with some agreeing to her points, while others considered her arguments as “ridiculous”.
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