IOTA "vulnerabilities": hammer answer from Sergey Ivancheglo

in #cryptocurrency7 years ago

320px-Iota_logo.png
Few days ago an article from Narula made a lot of noise about "cryptographic vulnerabilities in IOTA" (https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367).

What was funny is that this click bait title "vulnerabilities" just to conclude: you know guys there is no problem in the actual implementation of IOTA...

Disclaimer: I have a strong bias for IOTA as an emerging technology: I think it brings a lot from scalability, new ideas on the consensus, even if it not perfect.

Sergey Ivancheglo sent a "hammer" answer about it:

https://gist.githubusercontent.com/Come-from-Beyond/63c97a697baf2a657bdddd9bdc6be05d/raw/e01bb6aae47a0207edaeb3e1fbfbf347b2ee3c2d/CFB's%2520response%2520to%2520Neha%2520Narula's%2520blogpost

Additional details here about the correspondence with Narula's team: https://goo.gl/YALM4B where he invalidates those claims: to keep it short, basically it is a bad and not any realistic usage, additionally incorrect hypothesis. The devil is in the details, but it is how it works.

Few hours ago, an article from Satoshi watch https://satoshiwatch.com/coins/iota/in-depth/cryptographic-vulnerabilities-in-iota-a-biased-hit-piece/ discuss about some additional conflict of interest issues and competition there is in between IOTA and Narula's team.

Of course, we know that this article induced some FUD and market move against IOTA. Anyway, I think it was a very very stupid move from Narula's team to say the least, and it is pretty bad for their reputation on the long term.

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