[matthewdgreen]

The problem is not that they rolled their own crypto. I mean that is a problem, but it's not the problem. The real problem is that these people have a substantial degree of control over the IOTA network (centralized coordinator, control of wallets and clients, access to funds), and their actions and words are not those of a competent, reasonable technical team. They're at best bizarre. There are real people who have invested a ton of money into this currency, and they stand to be really hurt if this blows apart.