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1. Lukas (sn0w@niu.moe)'s status on Friday, 15-Dec-2017 06:28:46 EST Lukas

   IOTA is a living joke 😂

   https://niu.moe/media/Y41H-z5syiCRjT6rVYw

   1. clacke (clacke@social.heldscal.la)'s status on Friday, 15-Dec-2017 07:37:06 EST clacke

      in reply to
      @sn0w
      
      :-O
      
      https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367
      
      > So when we noticed that the IOTA developers had written their own hash function, it was a huge red flag. It should probably have been a huge red flag for anyone involved with IOTA.
      
      !cryptocurrency
      1. clacke (clacke@social.heldscal.la)'s status on Friday, 15-Dec-2017 08:15:09 EST clacke

         in reply to
         > IOTA uses ternary instead of binary.
         
         Ok, so I wasn't hallucinating when I read then Kerl README[0].
         
         > This complexity prevents IOTA from benefiting from existing security analysis tools that are designed to work with binary, and makes the code harder to read and understand
         
         Indeed. Was the original implementation on an ancient Russian computer? Why trytes?
         
         https://iota.readme.io/v1.2.0/docs/a-note-on-trinary
         
         > Whenever we refer to trinary-based seeds, addresses, hashes etc., it means that the string can only consist of characters in the latin alphabet and 9.
         
         Ok, is that the reason? That it's convenient to convert to base 27? Fun side note: They defined a tryte as 3 trits[1], whereas the traditional nomenclature seems to have a tryte be 6 trits.[2]
         
         [0] https://github.com/iotaledger/kerl/blob/master/README.md
         [1] https://social.heldscal.la/url/1070294
         [2] https://en.wikipedia.org/wiki/Ternary_numeral_system#Tryte
         1. Oneesan succubus (lain@pleroma.soykaf.com)'s status on Friday, 15-Dec-2017 08:18:47 EST Oneesan succubus

            in reply to
            @clacke is this one of those postmodern joke systems like urbit?
            1. clacke (clacke@social.heldscal.la)'s status on Sunday, 17-Dec-2017 06:04:27 EST clacke

               in reply to
               @lain Joke seems more elaborate the more you read.
               
               https://mastodon.social/@hntooter/99188519627888332
               1. clacke (clacke@social.heldscal.la)'s status on Sunday, 17-Dec-2017 07:02:20 EST clacke

                  in reply to
                  MIOTA < ADA
                  
                  Sweet. https://social.heldscal.la/attachment/1075354