Our response to the MIT Technology Review article on IOTA
On Friday, MIT Technology Review published an article on the cryptocurrency IOTA. The headline stated that the currency “could outperform Bitcoin.” However, we here at the MIT Media Lab have issues with the story. Specifically, my colleagues in the Digital Currency Initiative (DCI) recently uncovered a gaping hole in IOTA’s software. And while that flaw has now been patched, we certainly disagree with reporter Michael Orcutt’s assertion that IOTA is “secure.” As the Director of the MIT Media Lab, I felt it important we outline our specific concerns.
— Joi Ito