Basically they are claiming one of the core primitives to make IOTA work as a secure cryptocurrency is fundamentally flawed. Haven't read enough but if this is what it sounds like, it means IOTA needs a major rework.
I mean what did you expect from a weird shitcoin that uses trinary arithmetic (really?) for no good reason.
I mean what did you expect from a weird shitcoin that uses trinary arithmetic (really?) for no good reason.
edit: letter #11 says "shit's fucked, yo".