IOTA surges up 70% after teaming up with Microsoft, now the 5th cryptocurrency | Hacker News Reader

IOTA surges up 70% after teaming up with Microsoft, now the 5th cryptocurrency

cnbc.com

21 pointsarkad9 comments

Bruce Schneier previously had this to say regarding IOTA:

> In 2017, leaving your crypto algorithm vulnerable to differential cryptanalysis is a rookie mistake. It says that no one of any calibre analyzed their system, and that the odds that their fix makes the system secure is low

Yup. Once this happened, I immediately lost complete faith in IOTA. Not to mention, their response to this was horrible.

Same. I don't know a single developer worth their salt who doesn't know the golden rule of working with cryptography. The team must be full of amateurs.

Also, does anyone know if IOTA is a real blockchain I seem to remember when I first looked into it that it seemed to be nothing more than a distributed database with centralized control.

It's funny how they make a big deal about having a link to Microsoft, but Microsoft doesn't mention them at all. https://www.google.com/search?q=site:microsoft.com+iota

The quote they have from Microsoft https://blog.iota.org/iota-data-marketplace-cb6be463ac7f appears to be from a sales guy https://www.linkedin.com/in/omkareshwar

The first result is a link to a MS blog post about Azure integration with IOTA: https://azure.microsoft.com/en-us/blog/azure-blockchain-upda...

But no mention of the marketplace demo (the subject of the article). You're correct, the quote is from a Sales guy involved with their blockchain strategy.

Making the claim of there being a partnership with a company because you have a container available on their cloud hosting platform seems a bit overstated to me.

Correct, the partnership referenced in the article instead refers to the marketplace demo.

This market is really greedy, any connection (justified or not) with an established brick & mortar company seems to give your cryptocurrency immediate visibility and boost.

It's very difficult for the investors to distinguish between different crypto-assets or even between crypto-assets and cryptocurrency. Any mention that describes one of those companies is seen as an endorsement -- that kinda thing really "helps" them distinguish.

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