What's the point of running NANO nodes? If you're getting neither fees, nor a stake share?
What's the point of running NANO nodes? If you're getting neither fees, nor a stake share?
James Rivera
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Jace Young
Very bullish fud coming from Nano - I'll tell ya what though. There are about only 7 mining nodes on the bitcoin network that get fees/rewards. The other 99% of nodes get no incentives.. yet they are there. Binance has a node on nano - actually all exhanges do, Wirex has a node (other bank/financal services will aswell) Not every retard needs to run a node for it to be decentralized (the nodes are already more decentralized than bitcoin)
Aiden Butler
one more thing: A stake share just dilutes the circulating supply making the stake you already own worth less. No stake share increases the value of your stake as it is deflationary. Let me know if you need a lessonn on anything else as Nano is about to fucking explode - I've been buying since 80c and am already almost 2x in a couple of weeks
Jonathan Cruz
What is the point of running BTC nodes if you are not getting fees or stake share?
Caleb Parker
Exchanges actually need to run nodes.. Because otherwise they can't process deposits and withdrawals. But who else wants to run a node if it's just a waste of bandwidth?
Wyatt Ramirez
There is no point. That's one of the biggest issues this coin has, there is no incentive to support the network and no reason not to spam it. In case anyone thinks this coin can survive in the wild, it would be like dropping a plebbitor off in the backwoods and expecting them to be able to survive.
Sebastian Johnson
anyone doing alot of business with nano, Kappture PoS, Appia POS, all the exchanges, Wirex + all the future banks/finance groups. FX companys + big merchants + enthusiast that what to see the network healthy/fast
Noah Martin
Yeah, it would be great if NANO had tiny fees to give to the nodes... A healthy economic incentive
Jordan Turner
It is honestly one of its strength. In a sea of scams and coins marketing gimmicky shit like masternodes etc it puts nano on another level over 99% of cryptos.
Jonathan Rodriguez
Piece of shit.
Bentley Miller
That's the problem with inflation. You could solve it by letting node operators take a fee without inflating the supply.
Ryder Morales
Do you mean by adding fees to transactions?
Connor Rodriguez
Yes, why not?
Adrian Gray
cause it ruins the whole point of nano and also just funnels everyones money to binance and binance would probably start some STAKE YOUR COINS WITH US plan like they do with others and just make it a centralized shit show. incentives for nodes ruines centralization and will always tend further to centralization: See POW coins, see staking coins
Jackson Mitchell
200IQ response on this imageboard internet meme website. thank you
Jack Price
fight the good fight.
this here's a moneymaker
get in now before normies storm this
Camden Watson
>cause it ruins the whole point of nano
Not necessarily, transactions would still be cheap
>See POW coins, see staking coins
What makes POW coins centralized?
James Kelly
if it can be done feeless, why include a fee just to make a handful of people happy?
>what makes POW coins centralized?
medium.com
Jeremiah Hernandez
Not "happy", but incentivized to run nodes.. The problem with POW is the growing difficulty, which is not the case when you have fees only
Levi Reyes
You seen the hash distribution? its centralized massively. People who run miners only have a chance to get a reward if they join one of these massive chinese pools and the chinese that run these pools control the node. There are literally like 4 nodes that matter and some of them are run by the same company, Bitmain and splitting up some of the pools to make it look more decentralized (they have about 40% of the btc power). having an incentive has caused this and now the miners are way to powerful and rich to ever want to change the consensus to something that doesnt 100% favour them. Why give incentives when the exchanges/finance industry/enthusiast will run them for free anyway and let everyone use the network in a fee-less way. Its honestly the holy grail of cryptocurrencies (key word currencies there)
Juan Gray
dude think about what will happen to bitcoin when its fees only.. if the miners are not making money the hash rate will plummet and will open the chain up to all sorts of attacks OR the fees will be fucking ridiculous. while its fucking ages away it is still a timeframe that would loom in the future and cause serious doubt as to btc's store of value (lol)
Ian Smith
That's only the case because of the high difficulty of mining so you need advanced hardware to keep at it. If the nodes didn't have to solve cryptographic puzzles and relied on fees only, the picture would be different
Jayden Hill
>dude think about what will happen to bitcoin when its fees only
I'd like to take a look at it, at least
> if the miners are not making money the hash rate will plummet and will open the chain up to all sorts of attacks OR the fees will be fucking ridiculous
It really depends on the amount of transactions. There's no reason to believe that small fees are not viable
Adam Ward
Check it out I really think there isnt a solution for it without ruining the mining model. Miners will probably want to fork the chain and add 2 million more to the total supply. Nano is pretty much the first crypto that I would actually use if the PoS terminal companys give the USER the savings.. remember visa/mastercard charge 3% to the merchant.. the merchant could give the nano user a discount for using it. plus when sending to a friend or something.. 5 nano sent is 5 nano received. none of it being funneled to china for solving a puzzle
Joshua Martinez
Reeks of Redditors in here