Well written post . But I'm sorry to say that the accusations you have made through this post are not valid . Kindly go through this article which will clear your misconceptions about IOTA.
“Everything you didn’t know about IOTA” https://medium.com/@mistywind/iota-fud-answered-by-a-non-techie-enthusiast-2312325fddb6
RE: IOTA - The good, the Bad (and the Ugly)