Are you ready annon
cryptobriefing.com
Are you ready annon
Anthony Rivera
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John Reed
>Nano has 756 TPS [1][2]. VISA can handle over 56,000 TPS [3]. Competitors work on 1 million TPS solutions [4]. Nano’s aim to be global currency is either delusional or a fraud.
>7,000 TPS was falsely boosted and promoted, causing the Nano price to skyrocket 97.7x in December 2016 alone. Real transactions per second (TPS) for Nano, however, was a meagre and pathetic 100-200 TPS [5].
>Nano falsely claim theoretical unlimited scalability, only constrained by hardware and bandwidth limitation [6]. This is as absurd as claiming that a car has unlimited speed theoretically, and the goal is to drive so fast that the car escapes earth’s gravitational field and park on the moon. Nano’s technical updates don’t bring it closer to the goal. It’s like saying the improvements on the engine of the car has brought us closer to driving to the moon.
>Nano advocates like to use average demand as benchmark for needed TPS. This is false. Who will use a currency that will crash at every emergency, at Christmas and other holidays?
>Nano (Raiblocks) was a dead amateur coin, worth less than 10 cents less than a year ago, until it was discovered and pumped hard by Italian scammers. Only after the pump did Nano full time dev. This amateur project has had a full-time dev for less than a year, with a horrific team and management picked among incompetent friends and supporters.
>Lead devs are leaving Nano. Insiders obviously know Nano is riddled with terminal flaws and structural problems. Insiders obviously know Nano is riddled with terminal flaws and structural problems.
>Devs are dumping Nano on the market [7]. Insiders obviously know Nano is riddled with terminal flaws and structural problems.
Camden Brooks
What good is this if it’s able to be controlled. Hence concerns of China with its Bitcoin and Ethereum mining contributions that give it the majority of power. It’s not decentralized. And I just skimmed the FAQs and this in itself to pic related is something that also can be controlled/influenced.
David Taylor
(Cont.)
>Constant node issues. Withdrawals/deposits suspended on several exchanges due to security and stability issues, multiple times, every single month. All exchanges down less than 6 weeks ago [8]. Kucoin less than 3 weeks ago [9]. Another failed update and node crash this week [10][11]. This despite being miles behind having any sort of global currency traffic. Nano could be years away from even having the potential to be a well-functioning global currency.
>Coinbase will only use coins stable for multiple months. Nano is far away from that, see above and [8] [9] [10] [11]. Coinbase will also stay away from a coin riddled with legal problems [7] [12]. Best case scenario is having Nano on Coinbase late 2019, if at all, leaving Nano hopelessly behind other cryptocurrencies.
>One single miner can destroy the network via DDoS with 500 GPUs at no cost [13] [14]. A critical attack vector never seriously addressed by the Nano dev team. Having the problem highlighted to them, admitting to it, their response has been the usual -to promise and deflect -without providing any real technical solution. Nano is wide open for a massive spam attack crippling the network for a long time. This also scares the Coinbase experts; a total crash in Nano, via spam vulnerability and insane node issues, will reflect badly on Coinbase.
>Nano team seem like tech amateurs. Don’t understand the difference between Random (not cryptographically secure) and SecureRandom. Don’t even understand basic cryptography. A disaster in waiting.
Jaxson Howard
oh god r you going to ruin this thread again too.. man you are such a fucking loser.
Carter Cox
(Cont.)
>Former head of engineering at Facebook, Bryan Veloso: Nano "just a hype...no real use case" [16]. Currently NANO is only processing 0.15 transactions per second. Transactions have gone down in the last months. Extreme low usage combined with a very speculative 90x pump in just one month, causing a flash crash, are all indicators of a coin with pure hype and speculation, without any real value. Bryan Veloso’s claim that Nano is just hype with no real use cases is validated by empirical data.
>Charlie Lee, creator of Litecoin: “Nano will have a hard time being decentralized... It won't be as uncensorable as Bitcoin or Litecoin” [17]. “Nano is not without faults...it has a LONG way to go” [18].
>Millions of USD sold from the Nano Developer Wallet lately, at extremely low prices. Not a good sign that devs are dumping Nano in a fire sale [15].
>Nano team marketing strategy is to have no marketing strategy.
>Nano team adoption strategy is to have no adoption strategy.
>Nano’s essentially following same strategy as Betamax vs VHS and HD vs BluRay.
>First coin on Amazon, eBay, etc. will be the global currency. Nano’s avoiding partnership. Nano’s publicly stated “strategy” is to not seek strategic partnership, basis being that USD has no partnership as a currency, so why should Nano have one. Ridiculous.
>Dev fund is dangerously low, they may burn through it in a matter of 1-3 years [15]. Also, multiple pending and coming lawsuits against the Nano foundation.
>100 addresses hold 65% of all 133 million Nano. Initial distribution to friends of developers, nontransparent distribution method. Who solved the captchas? Where is the audit? Extreme centralization that only got worse with BitGrail, where large holders of Nano (including devs/friends of devs) managed illegally and unethically to get out of the insolvent exchange, leaving normal investors behind to take an 80% loss.
Carter Wood
> 51.27% voting weight, held in 6 addresses, opens vulnerability to devastating 51% attacks.
>Flawed structure, currently insane 92% of the voting power in the top 1% of the nodes only [19].
>No smart contracts. Masternode coins utilizing high capacity data contracts on their second layer are the future. Nano can't do any of this, it cannot compete with other coins.
>Must run expensive nodes for free. A borderline insane and untested business model that will most likely crash the network. Even if it worked, no matter how unlikely, with full adaption the cost of running a node would be astronomical, leading to extreme centralization. Having again the elites controlling our money must be avoided. No financial incentives for DPOS representatives to keep securing the network.
>Same whales that pumped and dumped Nano first time (-98% from ATH), pumped again. Failing to pump further, will result in a dump again, very soon. The delusional Nano hodlers will be stripped of their money again.
>70% centralization of all Nano, due to Nano original developers setting default node to their own.
>The code hasn't even been audited by an established software security company.
>Nano is permissioned and non-trustless [20]
>Going from UDP to TCP too late and too slowly [21]
>90% of github commits by only one person (Colin) in the whole “team”.
>Hired pretty girl, G. Coxton, who’s done nothing. Why’s she not on YouTube pushing Nano?
>Nano team are business amateurs. Pushed BitGrail when clearly a dangerous exchange. Guaranteed bomber as a good guy. Rebranded to Nano right before BitGrail exploded. Retarded decision. Marketing disaster.
Liam Bailey
loser
Carson Sullivan
Weaponized autism , stale pasta bro.
Oliver Anderson
Get lost fucking nano loser. Can you address my points, loser?