IOTA - Cannot be used for IoT. Loss of funds may occur. It's isn't the future.
"IOTA is the worst cryptocurrency I’ve reviewed so far. Installing the IOTA wallet was a pain. Receiving and sending IOTA tokens is technically challenging and time consuming. Address reuse can lead to loss of funds. There is no functional IOTA mobile wallet. There is no IOTA hardware wallet support.
But most importantly it is very clear that IOTA cannot be used on Internet-of-Things devices, the problem it markets itself as solving! How can a smart lightbulb or drone stay in sync with a “tangle” that requires vast amounts of CPU cores, RAM, and network bandwidth to stay in sync with?"
IOTA is a shitcoin. I don’t recommend buying or holding it. Im even going to short it."
The Author Andreas Brekken is the CTO/co-founder of Helix Capital and has been obsessed with cryptocurrency since 2011. He was the CTO/co-founder of Justcoin.com and later worked as an engineer with Kraken.com.
Read more about it:
https://shitcoin.com/iota-cannot-be-used-for-iot-loss-of-funds-may-occur-e45b1ed9dd6b
this apparently isn't a review taken to be seriously, the most Part of of the blog deals with him having problems handling tools and systems, like Linux for compiling the node, which isn't necessary for running a node, which again isn't needed for handling the wallet.
so this bold statement isn't a result of what is covered in the blog.
"In summary, when you strip away the fancy tech jargon like Directed Acylic Graphs, Internet of Things, and Tangle, what the IOTA whitepaper proposes is simple and fundamentally impossible. They are basically proposing that a blockchain with no difficulty adjustment can scale. When they actually implemented their system, they realized that this was impossible for an actual decentralized system so they implemented a centralized solution to fix it."
https://medium.com/@ico_8796/savedroid-ico-grab-bonus-tokens-now-with-new-marketing-tools-33e15358a331
Another bunch of unproven claims, especially “strip away the fancy tech jargon like Directed Acylic Graphs“ followed by “they are proposing that a blockchain with no difficulty adjustment can scale“ is really hilarious. in case you are actually trying to grasp the subject i recommend you to look for more authoritative sources.
This is a seriously missleading article. IOTA looks like a rock solid project when you do in depth research. I suggest you choose your sources wisely...