Noah Ruderman on IOTA
IOTA is a cryptocurrency that's based around Directed Acylic Graphs (DAG) rather than PoW or POS consensus mechanisms. IOTA is aimed at removing the need for blocks and transaction fees.
IOTA reviews by Noah Ruderman
All IOTA reviews by expert Noah Ruderman.
IOTA is disputing this in part because
- they lack a functional understanding of cryptography to the extent that they are taking the informal answers of security.stackexchange.com as rigorous definitions;
- they lack any natural intuition about how to think about security, to the extent that they are rolling their own crypto and testing it on production systems without peer review; and
- they lack the social skills to accurately interpret the more qualitative aspects of these textbook definitions, such as what the word “negligible” means.Full review