/biz/ - Business & Finance

>>26220225
laymans explanation was for ETH and their sharding solution
not in any way Radix specific
>>26220451
> ant be explained fully in simple terms

Gee I wonder why Radix cant be explained in simple terms.

> CEX.IO doesn’t use its own bank accounts for sending transfers to the clients. Instead, we are using the services of licensed financial institutions to transfer your funds.

> Currently, our partnering company is overloaded with requests. Therefore, we have decided to suspend this service, so that your funds are not stuck in the banking system.

> Bitfinex and Tether are using the same bank and shell company as CEX.IO.

THEY DONT HAVE THE FUCKING CASH
THEY DONT HAVE THE CASH

There is about to be 1 billion dollars worth of iota that the foundation stole from users given back. The majority of these users with stolen funds are angry (waited months with failed promises of funds being returned while being strung along by devs) and will be dumping the tokens as soon as they receive them (I will be doing this). This will crash the price significantly. If they dont give back the tokens there will be a massive FUD campaign spread by a large group of users who have banded together in a rapidly growing group. Either way the price is going down. You will notice that on the iota reddit the sticky for reclaiming funds is no longer there due to the uproar of the users who just want their funds back and any new posts about the refunds are censored. Hold IOTA at your own risk.

> IoT can not do any Proof-of-WORK
> IoT devices are optimized by entire industry to save energy, conserve processing power
> IoT devices run on batteries
> they are internet connected micro-controllers
> they sleep most of the time, waking up in intervals to check something and maybe report
> They barely have the power to perform SSL connections

Here comes IOTA, hurr durr, your phone with Quadro CPU at more than 2GHZ takes 5 minutes to send a transaction - and wait for weeks for it to confirm, attach resend, try again

> for sure this will work on IoT device with 64kb ram and 80Mhz. just replace its batteries for every transaction you make.

> the purpose of PoW in IOTA Is? to provide anti-spam or add security for the network? Then 1 million small IoT devices can be out-competed and double-spent by 1 Intel i7 CPU.

> ternary
> quantum safe
self-made, broken cryptographical functions. "rookie mistakes". AHAHAHAHAHA

According to devs they designed a QUANTUM SAFE cryptocurrency with self made cryptographical primitives IN TERNARY because ...

Broken my high-school level differential cryptanalysis

According to devs IoT devices running on batteries will be able to do PoW for free.

A mobile phone takes 2-5 minutes and depletes battery to send one transaction. Only secured by the Coordinatora anyway.

BWAHAHAHAHAHAHA