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peterktodd's profile
Peter Todd
Peter Todd
Peter Todd
@peterktodd

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Peter Todd

@peterktodd

Applied Cryptography Consultant (what the cool kids call 'blockchain tech') PGP: 0x7FAB114267E4FA04, pete@petertodd.org

petertodd.org
Joined May 2013

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    Peter Todd‏ @peterktodd 16 Dec 2017

    Great article from someone who actually tried to use IOTA tl;dr: Even ignoring the ridiculous, amateur hour, security flaws, the network is a broken unusable mess. http://codesuppository.blogspot.ca/2017/12/iota-tangled-mess.html …

    5:34 PM - 16 Dec 2017
    • 325 Retweets
    • 830 Likes
    • Post Coast Stellar Fox Eva Beylin ᴡɪʟᴅ Crypto Accountant Cryptomania Winston 😬 Node Circle
    65 replies 325 retweets 830 likes
      1. New conversation
      2. Dominik Schiener‏ @DomSchiener 17 Dec 2017
        Replying to @peterktodd @petertoddbtc

        Funny how Peter Todd is spreading false news, without even fact checking articles. What are you even up to these days dude, full time Twitter troll?

        9 replies 22 retweets 221 likes
      3. Dominik Schiener‏ @DomSchiener 17 Dec 2017
        Replying to @DomSchiener @petertoddbtc

        "Sigh, I tried to help him figure out what happened, he didn't even know how to attach an address. Turns out he tried to spend the same input twice, then began to shout around that the network was broken. Finally he claimed to have "lost" money because he wanted to sell at 5$"

        6 replies 6 retweets 108 likes
      4. Dominik Schiener‏ @DomSchiener 17 Dec 2017
        Replying to @DomSchiener @petertoddbtc

        Nothing to see here except for concern trolls like Peter Todd.

        3 replies 2 retweets 91 likes
      5. Cryptoson‏ @cryptosoncoin 17 Dec 2017
        Replying to @DomSchiener @petertoddbtc

        Your company should sue them for market manipulation.

        1 reply 0 retweets 4 likes
      6. Andrej Cibik [#HODL]‏ @AndrejCibik 17 Dec 2017
        Replying to @cryptosoncoin @DomSchiener @petertoddbtc

        Spoke like a true believer in decentralisation :D

        2 replies 0 retweets 2 likes
      7. Cryptoson‏ @cryptosoncoin 17 Dec 2017
        Replying to @AndrejCibik @DomSchiener @petertoddbtc

        :) Well, in my opinion decentralisation in cryptos is just a wet dream: miners act like (central)banks and fees are nothing else than a regessive tax.

        2 replies 0 retweets 8 likes
      8. Andrej Cibik [#HODL]‏ @AndrejCibik 17 Dec 2017
        Replying to @cryptosoncoin @DomSchiener @petertoddbtc

        Yes, they print money form nothing and lend them, ofc. How did I not see that.

        1 reply 0 retweets 1 like
      9. 1 more reply
      1. New conversation
      2. Come-from-Beyond‏ @c___f___b 17 Dec 2017
        Replying to @peterktodd @petertoddbtc

        From the article: "The IOTA source code is written in JAVA instead of C++ like most professional cryptocurrencies are." If you call that "great article" then your standards are pretty low, Peter.

        3 replies 5 retweets 80 likes
      3. Bernhard Lermann‏ @lermann 17 Dec 2017
        Replying to @c___f___b @petertoddbtc

        Professional cryptocurrency? What is that anyway? #onlyiota

        1 reply 0 retweets 14 likes
      4. Come-from-Beyond‏ @c___f___b 17 Dec 2017
        Replying to @lermann @petertoddbtc

        #Bitcoin clones perhaps, that explains why they are "written" in C++...

        0 replies 0 retweets 15 likes
      5. End of conversation
      1. New conversation
      2. Datavetaren‏ @Datavetaren 16 Dec 2017
        Replying to @peterktodd @petertoddbtc

        IOTA is a scam. It’s as simple as that. Making broad claims like ”this is the future” is an ocean of red flags.

        7 replies 6 retweets 42 likes
      3. A. Hannan Ismail‏ @A_Hannan_Ismail 16 Dec 2017
        Replying to @Datavetaren @petertoddbtc

        Bitcoin enthusiasts need to be self-aware enough to hear to themselves when they sound like establishment voices dismissing something new and different. If broad claims were the upper limit of #iota, you'd have some grounds to say so. I'm afraid it's quite clear that you don't.

        0 replies 1 retweet 8 likes
      4. End of conversation
      1. New conversation
      2. Laurent Raufaste‏ @_LR_ 16 Dec 2017
        Replying to @peterktodd @petertoddbtc

        @jratcliff is repeating the same thing over and over and amplifying it for weeks now... It's sad because he's spreading false info. e.g. "NEVER re-use an address. NEVER. NO exceptions." It's coming from a bad doc, it's only valid if you start spending from the given address.

        2 replies 1 retweet 5 likes
      3. Laurent Raufaste‏ @_LR_ 16 Dec 2017
        Replying to @_LR_ @petertoddbtc @jratcliff

        He updated his post to tell that he actually fixed his problem. Why instead of getting the right help, he just tweeted and blogged about how broken #IOTA was, for days? **Nobody** ever lost any IOTA, except for people not securing their seed. So yeah @petertoddbtc, I call #FUD.

        3 replies 1 retweet 13 likes
      4. jratcliff63367‏ @jratcliff 16 Dec 2017
        Replying to @_LR_ @petertoddbtc

        Many people are still reporting that they cannot recover their funds still

        1 reply 0 retweets 0 likes
      5. Laurent Raufaste‏ @_LR_ 16 Dec 2017
        Replying to @jratcliff @petertoddbtc

        Yes, and once they get the right help/instructions, it's all fine. This guy unstuck 38/40 user https://www.reddit.com/r/Iota/comments/7jpz7e/your_transaction_is_stuck_ill_confirm_it_for_you/ … I agree that the wallet sucks, it's as if we were using Bitcoin pre-HD, with a network without peer-discovery, but it's not fundamentally broken, it's a WIP.

        2 replies 1 retweet 6 likes
      6. Laurent Raufaste‏ @_LR_ 16 Dec 2017
        Replying to @_LR_ @jratcliff @petertoddbtc

        WIP as: - A better wallet is getting released soon: https://medium.com/iota-ucl/iota-wallet-refresh-onboarding-2f5ccd5e467a … - Peer discovery is already in private beta: https://medium.com/deviota/carriota-nelson-automatic-peer-discovery-for-iota-bdca9b8b8750 … As an engineer you should see past UX problems and only call out fundamental flaws. That's my point.

        0 replies 1 retweet 14 likes
      7. End of conversation
      1. New conversation
      2. aeon‏ @AeonCoin 16 Dec 2017
        Replying to @peterktodd @petertoddbtc

        It's top 10 market cap, must be legit /s.

        4 replies 0 retweets 7 likes
      3. TheNvsibleHand‏ @TheNvsibleHand 16 Dec 2017
        Replying to @AeonCoin @petertoddbtc

        That's another problem " The top market cap list" is not a real representation of what coins have the highest use and utility.. With scam coins like #BCASH a small group of people own most of the coins, so its easy for them to manipulate volume, price, and get a bogus market cap

        1 reply 2 retweets 7 likes
      4. TheNvsibleHand‏ @TheNvsibleHand 16 Dec 2017
        Replying to @TheNvsibleHand @AeonCoin @petertoddbtc

        There is no way a coin like #BCASH with very little users, support, or utility should have a market cap higher then say #Litecoin . #LTC growing transactions daily , holds the record for the fastest ever ever transaction under 1 sec. What did #BCASH do but try to co opt brand??

        0 replies 0 retweets 5 likes
      5. End of conversation

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