Hacker News new | ask | show | jobs
by fijter 3098 days ago
1: By using a ternary number system, the amount of devices and cycles can be reduced significantly. In contrast to two-state devices, multistate devices provide better radix economy with the option for further scaling

2: Why is explained here: https://blog.iota.org/the-transparency-compendium-26aa5bb8e2... - CyberCrypt is hired to review and audit it.

3: The wallet is secure and does what it needs to do, no, it's not very pretty or user friendly but it works. A new wallet (Trinity wallet) will be released very soon.

2 comments

ad 1. Citation needed

ad 2. From the article: "Let’s begin with the common sense, IOTA’s Tangle is a significant leap forward from blockchain". Why do you believe this subjective superlative when the protocol is still in beta and heavily contested? It's like saying: "Fusion reactors are a significant leap foward", while no production ready fusion reactors exist. You cannot make this claim unless you're willing to attest to the correctness and production-readiness. This seems common sense to me.

ad 2: What is this document? "The Transparency Compendium", "Transparency Report", "Blog post"? All of them are mentioned, but there is no mention whether this is an official statement, or just a sputter of random thoughts by the author. It seems official, but isn't.

ad 2: No mention of CyberCrypt in that article. Extraordinary claims require extraordinary evidence. Also, Occam's Razor. That's what I like about the original bitcoin protocol, it's as simple as necessary, but not simpler.

ad 3: It doesn't need to be pretty or user friendly. The complaints are about people losing their IOTA's and all kind of other complaints. Please address these complaints head-on, instead of just making blanket remarks about user-friendliness.

> 1: By using a ternary number system, the amount of devices and cycles can be reduced significantly.

How does that work? Trying to find information, it looks like it's designed for devices of the future that don't exist; so it's built on assumptions that may be plain wrong.

It would be ideal on trinary hardware, but it can work with a trinary emulator for now. I expect to see a Trinary chip very soon. CfB, one of the core devs of IOTA, founder of NXT and inventor of PoS has a team that has been working on Jinn (trinary cpu's) for the last 6 years.
So they're betting that it's the hardware of the future. And not something like the Mill CPU, which has been in development for much longer and it seems it will be able to execute all the millions pieces of existing software, faster and with less energy.