>the economics are absurd
>hmm but it does have free transactions going for it, thats cool I guess
Did you even proof read your contradictory post?
The orderbook
Economics says people prefer free and fast over slow and expensive asshole.
Another socialist tard
"freebies" is not sound economic policy.
Payments will always be made to keep transactions safe and secure. That is sound human economics.
The second thing I would like to add. Nano is extremely fucking centralized around its dev. What the fuck is this project suppose to do when the developer premine funds are all spent? Freebie socialists nano shills are not going to donate to keep this project going. The shills will move on to the next freebie green coin that promises the world.
NANO is DPoS. You clearly have no idea what you are talking about.
learn how the network supposedly protects itself from spam
any mining factory with massive cheap power could spam nano to the point it is unusable.
Protection costs money. Safe and secure transactions costs money.
Just think about it.
What service can you get free right now?
You can get a free ride from your hotel to the airport.
You can get free delivery from your favorite chinese resturant.
Why is this free? Will the hotel send you wherever you want? Will the deliver driver go pick up your pizza for free?
That is the problem with Nano economics. They claim that businesses will keep the network secure because it will benefit them. But business are not going to provide services that benifit their competition. That is why the network itself needs to provide the validation rewards for transactions.
You nano tards don't get just how prone to centralization a "freebie" network is.
Spam is not a problem exclusive to Nano. It is also fairly easy to spam the BTC network since it can process only 7tps max.
And the Nano team is working on a solution to this problem: the dynamic PoW that will be released on V19. Also since the network can scale on chain, it will become harder and harder to spam it to the point of making it unusable as the protocol develops and the network can handle more and more transactions per second.
have you ever heard of bitcoin?
You only need a computer, an internet connection and a bit of electricity to help to secure the network. You don't need expensive hardware and MW of energy like BTC and other PoW coins. That's the beauty of it.
And a lot of people are already doing it. You are saying that it can't work but is already working...
So the nano shills finally found biz.
I figured you would find our little hideaway eventually. Its sad because now biz is going to be flooded with Nano posts.
You guys do this because the devs don't market and its the only damn thing you fools can do to pump your bags.