IOTA hack and subsequent hard-fork


#1

IOTA boasted to be the first team to solve the problem of decentralized graph-based payment system, that are parallelizable by design and are so easy to process that you may get away with paying no fees. In reality though, the top-10 cryptocurrency has a pretty serious vulnerability that allows hackers to steal funds from any wallet using nothing but commodity hardware, and is centralized with no real roadmap towards decentralization.


This is a companion discussion topic for the original entry at http://rados.io/iota-hack-and-subsequent-hard-fork/