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IOTA Thread (First Non-Blockchain Coin)
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IOTA Thread (First Non-Blockchain Coin)

Quote: (10-27-2017 10:18 PM)dasher Wrote:  

how does that even happen?

Did the tangle just forget which addresses are supposed to have iotas?

Perhaps nuking their own network was another form of "copy protection", to ensure that "scammers" couldn't fork the network?
Maybe they've upgraded the "feeless transactions" feature to the next level: "moneyless accounts"?

Or perhaps they're technically incompetent people with an excellent promo team and a knack for shiny buzzwords like "blockless blockchain", "feeless transactions", and "internet of things", and who parlayed that knack into a billion dollars?

I still want to know what happens when somebody does a formal proof, and shows that not only is it possible to nuke the tangle network, it's computationally cheap. What happens then? Does everybody's money just go up in a poof of smoke?
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