Someone tried to shill me IOTA, can I get a TLDR? I'd really like to counter but I don't know shit about it.

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@duckartes it is a DAG that solves the double-spend problem by introducing a centralized coordinator, basically a network admin that reigns supreme.

There are plenty of other objectionable points, but that alone kinda seals the deal: if you institute an admin to settle double-spends, you've already lost most of the important attributes that make a cryptocurrency interesting in the first place.

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