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RE: Interviewing David Sønstebø Founder of IOTA this Sunday! Write your questions guys!
That totally goes against the reasons we make code open source. The idea is to build on it and progress from everyone's work and input. How do you think all the other blockchain projects were able to progress so fast? If Bitcoin wasn't open source, everyone would still be trying to figure out how to replicate it instead of building on it making it better.
Did you see what is happening right now in the crypto world? 90% of the coins listed on CoinMarketCap are copy paste of Bitcoin with some makeup, a colorful logo, and bunch of celebrities as advisors only to justify the speculation and to deceive people into buying something with no substance at all.
That is against the idea of common sense and legality and not only endangers investors lured into speculative pump and dump scams, but also drives money in the wrong projects and that goes AGAINST innovation and against the evolution of the few healthy projects there are.
Open source is not the holy grail and it is not automatically the best solution, it needs some adjustments to work in a real world founded on greed. The world is not just theory like you picture it.
Alright excellent points, but then I must ask why did they make any of their code open source?