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Originally Posted by Lightspeed
I had a friend preaching IOTA to me. It sounds like most genuine alt-coins: a solution to one or two problems.
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I liked the idea of IOTA and bought some a few months back just to check it out and play around. To begin with, it was a dogshit user experience with a primitive wallet and almost no guidance whatsoever. Following this, some of my transactions didn't attach to the tangle for no apparent reason and had to be re-tried hours later. Then, the network was subjected to a spam attack which brought it to a complete standstill for several days.
While researching how a spam attack could possibly freeze the entire network I discovered there are a number of serious (largely unaddressed) question marks around IOTA's security, best summarised
here:
Anyway, IOT is in a primitive state right now and I suggest buying with extreme caution.