It is too good to be true. And it's not true. You will not be able to find any major bitcoin devs saying anything encouraging about iota. Nor tangle/braid/dag researchers. Nor ethereum devs. Nor respected academics.
Why? Because everyone serious who has taken time to look at the paper has realized it's not a valuable project, and makes plenty of claims it can't back up.
And WHY would that be that no Bitcoin dev says good things about another crypto? Hmm, no conflict of interest at all.
Byteball exists and doing well just missing marketing (there wan no ICO! so no big funds). Also has witnesses system but 3rd party witnesses already exist and promises to allow more decentralized once ripens
Re:IOTA Surges Past Ripple
by danieldelouya on Wednesday December 06, 2017 @06:37AM
(#15860333)
They will switch to a decentralized coordinator this or next month
Re:IOTA Surges Past Ripple
by albertgoeswoof on Wednesday December 06, 2017 @06:40AM
(#15860350)
Why not now? (genuine question)
The only downside it's not currently decentralized, and requires a "conductor" to run securely, which will be removed in the future, apparently. The other criticisms are at the first implementation (rolling own crypto), which is an error that impacts confidence in the team but not the currency / concept.