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The indisputable truth about IOTA: It’s centralized.

The indisputable truth about IOTA: It’s centralized.


I’m Limo from Tangleblog.com, and for this event, I use a clickbaity title once. The following article clears up a few things, also a misunderstanding. I’m supposed to be an unstoppable supporter of IOTA. It’s true that I invested at an early stage, and people know that I produce IOTA centered podcasts and articles.
So why the unexpected paradigm shift? Bear with me, especially if you don’t like IOTA -You will dislike it even more!
The innovative sector of cryptocurrencies is on the ground.
Hundreds of billions of dollars have disappeared, hundreds of thousands of investors have been deceived. But I am not talking about IOTA in particular, but about the hype machinery that has ousted everyone.
The world needs innovations, not snake oil.
This world needs supporters, but not more businessmen.

So let’s get to the gist of all of this. Consensus was never centralized, but there was and is a practical single point of failure because the coordinator(COO) is a mechanism that, under these conditions, can actively stop the confirmation-rate on the tangle. Part of that is that no one ever developed a random walk implementation that could circumvent the COO, although they could have.

IOTA is centralized. Until it’s not.
IOTA doesn’t scale as advertised. Until it does.

I have never been a blinded supporter without any relation to reality. I’m an unstoppable supporter of progress and innovation, not of names or personalities.
This sector takes the money from the uninformed and gives it to the patient and those who are really aware of what’s going on here.
At this point, you should realize that I have not broken with IOTA, nor with the innovation tangle.
Exactly the opposite is the case.

A new era is approaching

Since I talked to two members of the IF, a completely new inner fire has been kindled, which gave me the incentive to write this article.
And here’s where you heard it first. This comes at a time when hype is without effect, to avoid a financial conflict of interest, although I don’t trade anyway.

The IOTA foundation has solutions for the coordicide. They are neither approved nor tested, but they are promising concepts that can withstand the first and second logical hurdle.
Now, if in a few days the local snapshots with the new, much more economical IRI version are presented and then later, the coordicide is carried out, under these circumstances, I guarantee that the wheat will be separated from the chaff around mid/late 2019.
To that day, IOTA will have accomplished its mission. The largest, most uncertain milestone: Coo-less decentralization will be reached. 

This news will harm in particular those who postulated in advance that this would never be possible, but then again they were only investors in competing projects or scallywags who wanted nothing but attention.
The project has reached a point where the network effect will multiply the coordicides’ impact many times. IOTA will be taken seriously, feared and implemented. If you want to spread FUD, this is the time, in mid-2019 it will be too late.
IOTA has hundreds of interested companies and developers ready with dozens of application concepts waiting just for the coordicide and removal of the bottleneck effect.

The tangle-concept has big supporters with Fujitsu, VW, Bosch, DXC Dach. It has connections to the ESA, to governments and to the top-notch security experts out there.
IOTA, the protocol invented by the German non-profit organization is on its way to a new standard, initiated by those who define standards.

2019 will be the year of IOTA, the year of kept promises, the “breakout year for IOTA” according to Dr. Richard Soley, Executive Director of the OMG.
We should keep in mind, though, that the IOTA Foundation has to take several regulatory hurdles and rounds until such a change on the protocol level is completed, but I’m absolutely positive that they will concentrate all necessary resources to solve this as fast and easy as possible.

If you ask yourself why this info is not written down officially, the answer is pretty simple: Answers will be given when they are approved (like those in the 4 part coordicide posts), and when they have been able to review everything, but ideas of this kind are here for quite some time. And besides a way too big workload, there is nothing to stop them.

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2 Replies to “The indisputable truth about IOTA: It’s centralized.”

  1. More hype and more vague promises.
    Always talking about the future and the next disruptive solution , nothing real in the present that works as advertised.

  2. Even though click bait caught my eye, I agree that IOTA is centralised…but not for long. So many clever people working on killing the COO and making the tangle decentralised. It will come to pass, hopefully in 2019. I continue to support what IF is doing. To you, keep contributing! Thanks

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