Check this out. The lead developer of Nano, Colin LeMahieu is currently in Europe and attending several meetups, and someone attending took out his smart phone and filmed part of the conference, where Colin is talking about using Nano for FX (Forex) settlements. Nano has sub 1 second transfer times and is free to send, and isn't centralized like XRP/XLM, so I can see why it would be appealing for traders.
If Nano gets picked up and used for this purpose, even as a simple economic unit of transfer which is instantly converted back and forth between the desired currency, it could easily reach unfathomable levels, $3,000 a single unit each possibly.
Can't believe people are still sleeping on this one, Nano is a decentralized competitor to XLM/XRP.
Michael Ramirez
Can't believe reddit is still bagholding a gofast coin
Wyatt Edwards
You can choose to not acknowledge the benefits of a free and instant version of BTC, but the world will move on without you. When there is financial gain to be had, or large amounts of money to be saved, you can guarantee that such an advancement in technology will be utilized. It is simple economics.
Jaxson Stewart
Holy shit this is literally going to change the world
Lmao plebs. Fantom has cross chain interoperability, smart contracts, faster tx speed than nano. It is literally 1000x better suited for this task than nano.
Henry Lee
FTM hasn't demonstrated anything outside of testnet yet. Nano is miles ahead in terms of development and adoption. FTM is interesting to me as it is a DAG, but it will never be able to rival the speed of Nano as FTM is supposed to be able to execute functions outside of simple value transfer. Nano is light weight and that is why it will likely be used as a currency. The fact that it is free to use also adds the ability for it to be used in a microtransaction type format, similar to IOTA. Nano doesn't do smart contracts, but the nodes do accept commands and can execute functions, so one could easily program Nano to be sent similar to how a smart contract functions, just via a second layer solution. I am bullish.
Liam Rivera
Feeless transfers are fundamentally a bad idea. At this stage you know this, and you're just shilling your bags like any other sad pageet. Fuck you, fuck your fat mother, and I'm glad your shit was hacked.
Easton Russell
That is a ridiculous notion, you think the internet would exist in the way that it does today if every website was behind a paywall? You act as if people will not host nodes without a financial incentive, this is foolish and the fact that the network already exists and is stable is counter-evident of your argument.
An exchange Nano was traded on got hacked last year, yes that was unfortunate and is likely why Nano is down 90-95%. Kind of like what happened with Mt. Gox. You know what happened with the price of BTC after that.
Aiden Ortiz
I was already a nano shill but when they got half a second TX time I went even more in. They have some serious tech in nano. It essentially replaces xrp, xlm, Ltc and other pure currencies except bitcoin.
Noah Hughes
coins that rely on wide normie adoption will NEVER succeed
Easton Taylor
Nano already has succeeded. It settles confirmed transactions in seconds, as of the recent update, even sub 1 second in most cases. It is decentralized and doesn't cost anything to send anywhere on the entire planet. This is revolutionary technology.
Zachary Carter
BSV and the knockoff coins don't stand a chance. BTC will likely always maintain value, but I don't have confidence in the lightning network reaching mainstream adoption. It has too many conditionals for it to work in a streamlined manner. It also isn't free to use.
Joshua Martinez
repeat with me Crypto as a Currency is a meme write it down 1000 times. Then come back to this thread.
John Morris
>shaving miliseconds off currency trades TRADES read it again, TRADES it doesn't matter if the actual money takes a few minutes or hours to settle but the actual purchase and selling of it which is handled by exchanges and not public blockchains/ledgers
That is a fair point, but as long as these exchanges are sending data on ledgers in their own personal databases, there will be limitations when it comes to exchanges between different services. A decentralized instant settling ledger solves this.
Alexander Cox
This shit is centralized by having validators delegated. Eos is much better. Nano could literally just be an eos token.
Easton Carter
The delegations are performed by the holders of the currency (proof of stake), they are not validated by a central authority, such as in the case of EOS.
Josiah Parker
and used by literally who
Asher Robinson
Nano is Fantom without smart contracts.
Joseph Ortiz
Nano is the 2nd most used currency on the Bitcoin superstore, which allows individuals to purchase from just about any large services that sells for fiat. twitter.com/bitcoinsuperst1?lang=en
Amazon, Expedia, Priceline, eBay. It has less fees and there is no wait, so it is the obvious choice of the average consumer. Bitcoin is simply more known, but once upon a time so was AOL.
Fantom is currently an unproven version Nano with fees and bloat. It may be used for smart contracts if it proves to be authentic, but it will never be able to compete with the lightweight nature of Nano's protocol.
Nicholas Cook
>Nano is the 2nd most used currency on the literally who store cool
Brody Gonzalez
The Bitcoin superstore is one of if not the most used ways to purchase things with cryptocurrency m8. When true crypto adoption comes, Nano will be the obvious choice over the Lightning network. Especially with the work Colin and the team are doing to expedite the process of acquiring Nano with fiat. This is not only the next BTC but it is the next Paypal as well.
Ryder Richardson
> may use smart contracts if
They have VMs working on testnet today.
The fees are low as fuck but at least guarantee the security of the network. Also funny that what you call bloated will achieve more TPS than nano and settle smart contract in 0.7 seconds
If you want to see all the development happening by individuals in the Nano community, see here: nanolinks.info/
The Nano community is strikingly similar to the core BTC community in many ways. This project has real grassroots support and one of the most dedicated teams in the space.
I lost all my nano to the BitGrail fiasco and have yet to rebuilt.
Fucking WOP Francisco lost it all may he burn in hell.
Robert Allen
Are you part of the Bitgrail case? There is a victim fund and other reperations being made to those affected. I am sorry for your loss but Nano is still 95% down, you may be able to make it back if the team is able to establish adoption.
Aiden Powell
>$3,000 If Nano were $3000 what would its dominance compared to BTC be? Think Nano will ever be more dominate than BTC?
Andrew Long
Nano can't be beat for speed/fees and it's not centralized. Things people actually care about.
The team is finally ready to begin marketing this year, so it would be truly sad for those who miss this boat. It's actually depressing to think about.
Adrian Butler
Nano is currently worth $1.69 each, with a max supply of 133,000,000. This puts the market cap at $225,695,978 USD
If Nano were worth $3,000 each, the market cap would be $399,744,867,000
The current market cap of BTC is $149,489,553,195 USD, and was a bit over $300,000,000,000 USD at its peak.
So, if Nano were to topple BTC, and we return to previous ATH, $3,000 is not unrealistic. And the cryptocurrency market is still in its infancy.
Landon James
We could literally turn this into /ourcoin/, it being at the bottom right now is somewhat equivalent to getting in at ICO prices, only Nano is trusted and tested technology.
FTM is not competition for NANO. FTM can offer unique services if it proves to be working outside of testnet (it hasn't yet), but it will not be able to compete with the low amount of energy Nano uses (0.000112 kWh per transaction). As FTM is going to be executing smart contracts, which require much more data, the speed at which it can operate will always be less than what Nano can do. Also, FTM is not free to send, Nano is. I think FTM is more competition to ETH than it is Nano. Entirely different use cases.
Care to enlighten me then? I do not see how fees serve to protect the network. They are not needed at all in the case of Nano. Can you prove otherwise?
Jaxon Young
I get my information from multiple sources, because I am not a moron.
Evan Sanchez
what if im poor and low credit score so i cant take out a loan. i wanna go all in
Ian Sanders
>dag got pros and cons if you ignore cons because "they are fast" good luck in the future >curency coins are DOA and not future of LDT you utech illiterate mongos >crypto as a currency is a meme >ANY shitcoin can transfer value fast >sending 0 and 1s over internet fast is solved in 90s >NO ONE is going to USE deflaratory asset as fucking currency why would you be "nano pizza guy in 10 years" thats why btc pivoted to "store of value meme" >so you dont hold nano so you can use it as curency you hold nano in hope it will solve someone elses non existing problem so he needs to buy nano and PAMPS you bags
bruh just keep buying it's like stealing at these prices!!! (protip it's not you who is doing the stealing when you buy)
Jeremiah Ross
FANTOM = SCAMTOM Anonymous (ID: giyq/Ug2) 05/31/19(Fri)15:11:49 No.13939499â–¶Fantom was an ICO scam. They only had a white paper and that was a copy paste of Hashgraph's whitepaper. They lied about having 300,000 TPS (it will have only a few thousand TPS at mainnet). The gook founder doesn't know how to code, and the team were all fake. None of the original team are left. All their partnerships are fake (there is no substance behind them).
The Fantom team also tried to steal money from the 100,000 people who tried to get into their fake public ICO. They sent us a scam email telling us we were accepted and to send ETH to the wrong wallet (their personal wallet).
They begged Andre Cronje to build something for them. Andre has been involved with several other scams like Cryptocurve. Andre Cronje said he is decreasing his blockchain focus. He has stopped committing code for over a month. He doesn't hold any Fantom.
Fantom recently pumped and dumped their token. They used the ETH they raised from ICO to buy back Fantom tokens at the bottom after the price crashed. They then got their team and bots to shill non stop on Twitter to pump the price, and used a wash trading bot to create fake volume. They paid off crypto youtubers like chico crypto who expose scams, to stop them from exposing Fantom as a scam. They sold their tokens at ATH, and stopped shilling, turned off the wash trading bot and let the price free fall so they could buy back at under 100 sats to pump and dump again (around mainnet time in Q3).
Goto 18:38 in this interview with Andre Cronje and listen to him describe Fantom ICO investors as "being robbed":
A currency that is not decentralized is subject to being controlled. This is the core tenet on how BTC was founded.
We don't want your kind here, we can smell it a mile away.
Ethan Young
Andre was talking about the ICO investors who bought at a 40M market cap. His feelings at the time were that these people were buying without even knowing if the team could deliver what was promised. The token model was also switched a few times. They have since settled on a fiat pegged gas token which can only be bought with FTM.
The project has sorted their financing issues since that interview and are on track to deliver what they were aet out to do.
This would be good fud if it wasn't outdated.
Landon Diaz
RAIBLOCKS NANO OH HEY COOL > INSTALL RAIBLOCKS NODE > NODE SYNCING > NODE SYNC FAILED > talk to developers, oh hey man, yeah node syncing failed > LISTEN TO THIS BIZ, LEAD DEV COLIN ACTUALLY SAYS THIS
"it can happen that node syncs and gets into a bad state."
> AND GET THIS BIZ other developer chimes in
"its like a disease there was a bad transaction and it spread all nodes with that peer can not sync with the rest of the network, just restart it and manually use this list of approved peers".
THIS IS TOTALLY FINE
Jonathan Cox
I didnt shill anything seething bagholder
How is it decentralsied if cicrulating supply is fucked by btg hack, whales and scammy devs?
Xavier Price
Just read how hard this shill is trying and determined if you are willing to lose your money to a paid pump and dump shill. He does this everyday. Don't waste money in a coin that is dead. Sorry shill but cant stand by while you try to scam people.
Juan Butler
>fell for reddit EOS FUD >invested in Nano >not a moron
Man I honestly feel bad for people still not in Nano. Does no one remember T's posts from Jan 2018? He predicted btc would drop to 3k (which it did) and he highlighted buying XRB (aka nano).
That isn't the only reason I'm all in, but when you have an elaborate post on biz by a genuinely nice guy that predicted when btc started its bear market, pretty much pinpointing the low, you listen to their advice. Sorry you hate money, biz.
yikes buddy if the guy had a crystal ball he'd be a billionaire by now.. he's not a god lmao
nano lacking liquidity. 15M usd 24 hour volume??? that's fucking garbage, Nobody can use nano for utility purposes with such low liquidity.
Blake Hill
here's a fun fact. I sold my 75 Nano for $15 a piece in February 2018. It made up my entire portfolio at the time. Today I could buy about 7,000 Nano if I went all in. I haven't put any fiat in since then. My portfolio is up 32,000% against nano. Thank you for feeling sorry for me though, I appreciate your concern.
The exchange got hacked, yes, and they worked with the corrupt Nano devs to give them what they had left instead of their users. Nano is a fucking shitcoin
imagine coming to financial investment decisions based of this logic.
Jacob Jenkins
They are spam protection. If you aren't even aware of this fact don't bother replying, your bleating has no value to me.
Zachary Sanders
That’s how I knew mention of eos would send him back to his safe space.
Dylan Carter
you have to go back
Jace Torres
Someone posted yesterday that this was a rumour now it's semi confirmed.
For real though, keep this a secret, /biz doesn't deserve to know about this gem considering most are NPCs about link.
The environmental impact of btc and other coins will become known and soon it will become a problem. Case in point, one btc transaction is slightly more than the average monthly energy consumption in the US. It doesn't take a genius to see this is a problem.
$3000 for a NANO, wow..... I get moist off 1K but this is something else
Nano is "decentralsied" because no entity owns close to even half of the supply, which would be needed to 51% attack the network. Good luck, I don't think you or anyone you know has the 100 mil to try it. Even if you did, the value would skyrocket as you attempt to reach 51% voting power buying up available nano. It isn't feasible nor would it be profitable.
BTG hack has been dumped, we dropped from $15 to $1. You think the stolen Nano are still in the thief's pocket? Kek. There are not that many whales even, most of the supply is spread out among small owners and on Binance, which is just a collection of all the traders who keep their supply there. Scammy devs, lol, the team is one of the most legit in the space.
I hope the real user here see how the shills attack. This coin scares the fuck out of them because no shill group will support it, because there was no ICO or pre-mine. As it cannot be mined it also undermines the entire mining industry. Nano = the Donald Trump of cryptocurrency
Jace Allen
NANO is releasing dynamic proof of work with their V19 release (92% done on the github). This creates on device POW to be done at an increasing rate for actors who are flooding the network. Problem solved, no fees needed.
Samuel Hughes
>on device POW what's stopping me from editing the source code and disabling it? The whole point of PoW is that the entire network has to be able to confirm the proof.
Landon Roberts
The nodes will as they are the ones who are deployed the updates.
Ryder Phillips
Hahahahahaaa
Pls tell me this is true and 'fast and feeless' nano reaserching into 'old tech pow' to secure network after all
My ties
Jack Martin
Nano has gook developers
Robert Morales
Yawn. I'm gona put them in a big bag with the other soonware "pow killers". Let me know when you knock btc off that top spot lol
Connor Rodriguez
Nano is going to require every node in the network to do a PoW for every transaction before they can be confirmed? So basically Nano is going to be like bitcoin...?
Carter Baker
Come on I thought it was commonly known nano devs wear bicycle helmets when they code while a little drool runs out the side of their mouth
Elijah Williams
It is a scaling difficulty that will be fed to those sending transactions that are considered spam by the network. The network is still proof of stake, but this is a superior solution than charging fees.
Nano dev team is American and all of them are white
No, read again. Dynamic proof of work. It only occurs in the case of spam or heavy transaction load, and the POW will be specific to the device which if creating the load, letting legitimate transactions through without needing to utilize any POW. It is a genius solution, far superior to taxing every transaction on the network which would inhibit its ability for it to be used for microtransmitters.
>No, read again. Dynamic proof of work. It only occurs in the case of spam or heavy transaction load, and the POW will be specific to the device which if creating the load, letting legitimate transactions through without needing to utilize any POW. It is a genius solution, far superior to taxing every transaction on the network which would inhibit its ability for it to be used for microtransmitters. So then why can't one person or organization with a lot of resources bog down the entire network indefinitely, considering it would cost nothing in terms of fees?
Also why do they all look like they suffer from fetal alcohol syndrome except for the token female?
Cameron Wright
Because as soon as they start broadcasting multiple transactions per second the rate at which they can send will be throttled and POW will need to be performed by them while those who are not performing this many transactions stay on the freeway without any lag, slowdown, or POW needing to be performed by their device.
But you can create an infinite number of new accounts. You're only limited by the computing power available to you.
Hunter Moore
If the system is still subject to attack after V19 release (92% done), I am sure that will be next on the devs list. I am not a dev so I do not know the inner workings, but the current version changes are being designed around this very such issue. I have total faith in the team, they have not steered me wrong and continue to develop the project and are currently networking to make the needed relationships happen. Pic related.
>If the system is still subject to attack after V19 release (92% done), I am sure that will be next on the devs list So in other words it's not a valid solution and it solves nothing. Also, what do you do if you're a bank or Amazon or something and you actually need to "spam" the network in order to run your business efficiently? Do you realize that even without this shitty spam "protection" feature, the network's speed will always be limited to what it is now on account of the inherent inefficiencies of non-linear DAG networks?
>they have not steered me wrong Bullshit. Nano has fucked over its investors not only by directing people to a scam exchange so that they could continue cashing out, but also by dumping on everyone and completely killing the market.
>But you can create an infinite number of new accounts. You're only limited by the computing power available to you. >I am sure that will be next on the devs list. kek
Jeremiah Lewis
ISPs are different than hosting a node, which can be done for as little as $5.00 a month. It isn't difficult, the entire internet was built off of people hosting websites for free. The internet did not start out with e-commerce, it started out with people who loved something and put their heart and soul into sharing it with the world.
Jeremiah Turner
Feel free to eat your words after the V19 release. If you need to utilize multiple transactions per second, then POW will need to be performed. The network is only limited by hardware, and using some of the cheaper options available it is quite resilient already. Nano currently is sent anywhere on the planet in 2 or less seconds time. I am okay with that speed, I don't know of a single decentralized competitor that comes close. As Nano only sends the bare minimum (0.000113 kWh energy per tx), it is the least bloated of any of its competition, and this will further keep the network fast and efficient, as it will not be hosting cryptokitties type jobs with needless data being sent back and forth.
That is a bullshit conspiracy and you know it. Zack Shapiro had no idea that Bitgrail got hacked. It was an unfortunate situation. Much like Mt. Gox. See Roger Ver making the same mistake. It happens and is a real fucking shame, but it did not kill BTC, and it will not kill NANO either. youtube.com/watch?v=UP1YsMlrfF0
Juan Ward
> If you need to utilize multiple transactions per second, then POW will need to be performed. If you're going to use PoW to prevent spam, then you aren't going to be able to have high through-put for legit use cases. If you can have high through-put for legit cases, then you can't prevent spam. It's a complete joke of a solution.
>Nano currently is sent anywhere on the planet in 2 or less seconds time. I am okay with that speed, I don't know of a single decentralized competitor that comes close. EOS is more decentralized and has half-second block times.
>That is a bullshit conspiracy and you know it. Zack Shapiro had no idea that Bitgrail got hacked SURE buddy. I'm sure he wasn't part of the mysterious few who were still allowed to withdraw their Nano while withdrawals were closed for everyone else. Anyone who was paying attention at that point knew an exit was right around the corner. It was a joke in discord how using Bitgrail was basically playing Russian roulette. And yet the nano website still had them listed right up to the end.
malice? incompetence? I don't know which is worse.
Nano... kek. Might as well call it "Reddit: The Coin"
Anthony Campbell
le based comeback, have an upboat XD
Elijah Scott
It will not be difficult to identify low priority transactions as opposed to authentic transactions, be it based on rate output or simply value sent, the right algorithms solve this and we are currently at 92% completion for this change, so we shall see first hand within the coming weeks.
EOS is a glorified cloud server.
You have no proof or evidence that the Nano team were the ones withdrawing the stolen Nano from that exchange. That accusation is ridiculous and has not been proven or even demonstrated to have occurred. An Italian court took this case and found Bitgrail responsible for the hack, due to faulty implementation of their exchange. Just like Mt. Gox. I wish I would have bought BTC at $200 when that happened. I even thought about it too.
Bentley Green
If anything it was Franco Bomber Firano who withdrew the Nano when withdrawals were closed. He was the exchange owner and the one found guilty of negligence. He tried threatening the Nano team when he 'learned' of the hack.
If its free to run as many nodes as possible and you dont get consequences of being a bad actor than explain It to me user, how do you protect the network from a sybil attack?
Aaron Ross
Nodes are delegated in a proof of stake manner, so wallet holders and investors vote with their nano who gets to represent the network. A node must have 0.01% of the networks weight in order to be broadcast. Therefore there will be at max 1000 nodes with the current configuration, that can be easily changed when needed if bad actors appear.
Lucas Kelly
Err, its actually 0.1%, or 1/1000th of the networks weight
