Nano VS Bitcoin

People still hold this utter shitcoin?

Clueless. No one will ever use this over XRP considering their team IS legit and transactions are literally never bugged.

Shhhh the whales are accumulating

Please go back.

XRP isn't a cryptocurrency. It's centralizes like Paypal, except paypal is better.

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Best cryptos around. So undervalued.

Everything in crypto is better than bitcoin

You're not wrong, but the best value exchange crypto is NANO. nuff said

do you even comprehend investing? go ahead and buy those apple stocks u pleb

there is a reason it is fast : centralised

gtfo now

Always funny how its supposed to be free and instant.
Of course it is when no one uses it.

It woukd shit its bed when it had to handle as much as bitcoin. It probably would implode and delete itself.

Nope, community is building hundreds of nodes every month, and setting them up as representatives. It's way less centralized than asic-chainese-bitcoin desu.

I suspect that all normal people got bored of making fun of Nano brainlets cause it's obvious you're all braindead

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Nope it won't. Learn what it can do and come back. It's infinitely scalable. not like bitcoin or any blockchain-based coin, really. Not even kidding.

Nano WILL be much bigger than litecoin. NANO will be $1000 one day

Is this you on the photograph ? You're cute for an autist

Get a job you fucking pajeet, youll be lucky if nano it's worth 0.50 eoy

>reddit "humour"

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NANO is a shitcon
months and months, and it still causes problems everywhere
literally each time i transfer NANO to kucoin or binance, i have to wait 2-3 days because they have some problems
now i tried to transfer to kucoin again, nothing since yesterday, transaction succeeded, but kucoin node shit itself again

i am never going to use it again

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exchange problemes have nothing to do with nano. It's not like another erc20 or bitcoin clone shitcoin that any retarded exchange can implement in 2 seconds. It requires new thinking. Take it easy, faggot.

Come back to me with another "idz Bitcoin but beter ghize" when we're past the uncanny valley

>implying that the large exchanges dont all have 100+ employees to work on this

your in denial user

You can play POKER with NANO here : nanopoker.club/

Vitalik himself said that NANO is the worst ERC20 token he has done a code audit for. He implied that if it were up to him, he'd kick the token out of the ETH network.
Look it up, he said this in an interview in early February.

NANO fanbois somehow still get distracted by the "free transactions" meme. Do some research of your own and see what the costs of having free transactions actually are. This token really is on par with Verge.

Is this the meta-anti-counter-FUD that nano brainlets use to ignore the problems with nano?

Issues I see with NANO:
- Incentivization structure is broken (Validators get no reward)
- Hits same issue as Bitcoin with blockchain size getting monolithic to maintain (Validators store every thread of the lattice and is therefore equivalent to the entire ledger plus some small overhead)

Change my mind.

>meta-anti-counter-FUD
Wat.jpg

I am not going to hold your hand on this one. Just check the token out yourself. There is a reason why no one has been interested in NANO for most of its time. The question is why it suddenly gained popularity just recently. With the crypto markets being extremely manipulated already, NANOs rise is even more sketchier.

>- Incentivization structure is broken (Validators get no reward)
Not a problem (full nodes get no incentive in Bitcoin either, yet there are plenty of them)
>- Hits same issue as Bitcoin with blockchain size getting monolithic to maintai
Nano doesn't understand what decentralization means. They think pruning addresses this issue because they don't really understand the issue

>Change my mind.
Your idea is right, but your reasons are not. It doesn't matter that much if Nano is not too decentralized because they just want to do feeless instant transactions. However, there are many reasons why Nano will never work:

- LN already works on Bitcoin mainnet and will be released on all Bitcoin clones. By 2019, there will be no need for any meme currency coins. Retards will FUD LN, but if you have a brain, you can follow the development process yourself
- Nano has no liquidity, and it will never have enough liquidity to act as a currency
- Nano has high volatility and _no plans_ to address this. They'll all tell you that volatility will be solved when it's adopted. They think it'll be adopted BEFORE it works. They're dumb
- Nano is vulnerable to precomputed PoW
- Steem already offers instant, feeless transactions on blockchain
- EOS will fucking destroy this space. They have a monster blokchain brewing with free transactions and "infinite scalability"
Basically, Nanolets are simply ignorant of the space. They're reddit newfags who started in Decemeber who think "bitcoin is outdated," despite having the most cutting-edge solutions (2nd layer solutions), most VC money, and strongest developers in the space. Nano is the trademark newfag coin. It has no future at all besides bagholding

I can't even tell if you're trolling anymore. Nano is not erc20

Sorry, what?
Bitcoin nodes get mining rewards for verifying the world's transactions.
The reward they get is more valuable than cheating the network, so they are always incentivized to be truthful.
Assuming that all agents act in self-interest, this guarantees robustness.

NANO nodes get no reward.
There is no reason to run a validator node - nothing to gain by joining the network and increasing robustness.
If you do have a validator node, there is nothing to lose by simply trying to cheat the network - Either you cheat and get to steal coins, or you play by the rules and get nothing - not an issue with bitcoin.
Clever incentivization strategies to guarantee robust trustlessness is the driving force & theme behind the entire blockchain space.

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>Bitcoin nodes get mining rewards for verifying the world's transactions.
... sorry I assumed you know how blockchain works. Fucking Nano retards

this lol, nano is a fucking scam

bitcoin nodes get no reward you fucking brainlet, you're confusing nodes and miners

Literally everyone in this thread is braindead. Both FUDsters and FOMOers. Amazing

... Again, sorry, what?
I'm clearly FUDing NANO
t. smart contract developer. I know exactly how blockchain tech works.

YOU ARE RETARDED

R E T A R D E D

Most miners don't even fucking validate blocks at all.

yet you do not know running a bitcoin node gives no reward at all. What smart contract did you develop ? Pretty sure there is good money to be made by hacking them. Pretty sure a baby could hack them.

He obviously just "developed" ICO smart contracts by copy pasting and using libraries

projecting much?
I haven't yet seen a single rational argument from you for why anyone should buy into this scam.

I assumed you knew I was talking about full nodes that DO validate and participate in the network
The assumption is more reasonable where I originally made it with NANO because obviously we're not talking about the personal nodes that only hold your own blockchain when talking about network validation - We're clearly talking about validator nodes here.
Which is where the incentivization needs to be.

I directly argued against buying Nano... But you're retarded for agreeing with something that was blatantly wrong

Nigga... validator nodes are just full nodes that validate blocks. They don't mine. They just make sure the transactions are sent and are valid. Exchanges run full nodes to check transactions. Merchants run full nodes to receive payments. Same with Nano. How stupid are you. Read some bitcoin for brainlets book or something

NANO
- late 2017 Jow Forums pnd accumulating from 10 cents to $1
- only held by newfags who didn't sell at $20+
- will never ever recover the momentum
- keep its price thanks to market inertia
- will slumber slowly to near zero as months go by

Bitcoin
- old
- controlled by blockstream
- honestly pretty fucking gay
- still loved by millions of child diddlers, junkies and scammers who will endlessly pump that shit to take profits at the top

It doesnt work like that. Highest tps is syscoin. It's cheap and scales unlimited. TF is low as fuck. Zero confirmation spending possible trough ZDAG.

This doesnt mean it will overthrow bitcoin.

Just like nano won't do that.

>nano tries to scale to thousands of TPS
>nano solves a problem that it will literally never have
How dumb do you have to be to have Nano bag right now?

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I don't think this starred user needs any more attention at this point. He has shown to bring no real arguments (with over 10 comments already) and pretty much insulted everyone else in the thread. Let someone else comment for a change. Someone who actually knows what he is talking about.

I brought arguments here

Sorry brought arguments here

But then got distracted by that idiot who thinks full nodes are miners kek

OK you're retarded. Maybe this whole crypto thing isn't for you. Have you tried getting a job at KFC ?

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You're misunderstanding basically everything I'm saying, but regardless let's go back to this very simple assertion:
NANO's implementation does not incentivize anyone to validate transactions and hold the entire blockchain, because there are no rewards from the network for doing this work.
With Bitcoin you can mine and be rewarded for participating and validating.
With NANO, you are not rewarded for participating and validating.
Therefore, it won't be done, assuming all parties act in self-interest (Which they do, which Bitcoin created a mutual solution for. Why did NANO un-solve it?).
This is the difference I'm asking you to focus on.

Maybe faster (insert doubt here) but not fee-less.

You need to run a node if you're a merchant or an exchange. It litterally costs almost nothing to run a node. You can run it on any computer. If you want 100% uptime, any VPS server about $5/month will do. Hell there are thousands of nodes at the moment without any compensation.

>With Bitcoin you can mine and be rewarded for participating and validating.
Wrong. Miners often don't validate because they want to mine as soon as possible and tkae the risk that they may mine on an invalid block because it's an outlier. Sometimes they outsource the validation to AWS servers

>With NANO, you are not rewarded for participating and validating.
Doesn't matter. Merchants and exchanges run Bitcoin full nodes _without mining_ (so _without rewards_) because of security. Same with Nano

>assuming all parties act in self-interest
The self interest of exchanges and merchants is to run a Nano node to validate transactions and receive transations from their clients.

This is literally a non-issue. The incentive thing is just a problem that distracts brainlets from the real problems. Nano is useless but not becaues of this

OP why don't you address the issues here

What are the real problems then ? Oh I know, there are none.

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...

If you think LN will solve bitcoin problems, you're delusional. WHy would people pay to send money when there's an alternative that's free, and much faster ?
Some people already understand this. You don't.

On the internet, everything is free except crypto. Most important selling point of Nano. Litterally the only coin without fees. The rest doesn't matter and will be adressed in time through development.

Stop being a retarded faggot

What do you think will happen when Bitcoin cannot be mined anymore? The incentive comes from merchants and exchanges wanting to support a healthy network to use for their business

>WHy would people pay to send money when there's an alternative that's free
Because of liquidity and stability. If you don't want to pay a fee, you can use a EOS dapp for example. Or Steem. In any case, you don't want to use Nano because high volatility and no liquidity

> and much faster ?
LN is instant idiot jesus

>Litterally the only coin without fees.
Steem and EOS have no fees

>What do you think will happen when Bitcoin cannot be mined anymore? The incentive comes from merchants and exchanges wanting to support a healthy network to use for their business
Wrong, the miners will be paid in transaction fees

Nano is anti-centralization.
Because the one who has to perform the PoW are the wallet holders, centralized entities (e.g. exchanges right now) have scaling problems, as the PoW required bogs down their servers when deposit/withdrawal traffic is high.
Last time NANO price hit ATH, deposit/withdrawal on most exchanges was SLOOOOW. Even Binance had this problem when Nano was new.

It's good when sending peer-to-peer, but centralized organizations will have problem picking it up for this reason. This makes it impractical for the big money (can you imaging if something like Amazon uses it? That's tons of PoW they have to do themselves on their servers). And big money is what you need to raise your marketcap by a huge amount.

Great as a peer-to-peer currency, but not so much in a world ruled by huge centralized corporations who have the biggest customer bases.

LN will make BTC free as well. Once LN is ready and has its final release, it will suddenly bring cryptocurrencies into mainstream use. Free and instant money will mean that even third world countries can afford to join in. This will be the death of most other cryptos. Litecoin, Monero (Ring Confidential Transaction tech) and IOTA might survive this, as they have still other bonuses they can provide.

This is where part of the incentive comes from, but not most of it.
This.

Yeah I understand that it's as lightweight as you want it to be, but that means nodes capable of validating with respect to the entire ledger will be very small in number because there's no reason to run such a node.
Most everyone will be running a node containing only their own blockchain, which doesn't help the rest of the network.

>Steem and EOS have no fees

Why are you lying ?

>Most everyone will be running a node containing only their own blockchain, which doesn't help the rest of the network.
Um if you're a merchant and you're accepting payments in Nano, don't you think you want to have everyone's blockchain's tip to validate transactions from their clients?

? I'm not

You're aware you have to lock bitcoin to your LN channel right ? And then pay fees to LN nodes ?
LN WILL NEVER BE THE SOLUTION. BITCOIN IS A WALKING DEAD.

>? I'm not

EOS : you litterally have to OWN the token to do something on the network. So NOT FREE.

Steem : Whales pay for everything.

Nano : nobody needs to own anything or pay anything to transfer value.

>You're aware you have to lock bitcoin to your LN channel right ?
A one time fee is not that bad, tx fees are pretty low nowadays. Once you are on the LN you don't really ever have to go back to the main chain. Everyone permanently staying on the LN will eliminate miners and energy heavy mining in a while.

>And then pay fees to LN nodes ?
Just use nodes that don't ask fees.

>A one time fee is not that bad

Think again, you can't modify the amount you have in the LN node. So when it's depleted, you have to close the channel and open a new one. Even if fees are low, opening a channel could take several hours or days.

>Just use nodes that don't ask fees.
Wasn't aware you could do that (insert doubt here)

>>EOS : you litterally have to OWN the token to do something on the network. So NOT FREE.
No dumbass, you don't need to interact with the blockchain at all as an end-user. It's just people who develop applications that stake the token to be allocated bandwidth. Same way you host a Nano full node to receive transactions and validate them

>Steem : Whales pay for everything.
What are you talking about?

>Nano : nobody needs to own anything or pay anything to transfer value.
You need to run nodes

>You need to run nodes

Totally optional. You can use web wallet or light wallet.

Yes user, but someone runs nodes underneath to communicate with those wallets, so _somebody_ needs to pay something to transfer value as opposed to your statement that "nobody needs to own anything or pay anything." Same with the other feeless coins that I replied to and you conveniently ignored

> So when it's depleted, you have to close the channel and open a new one.

No, you can fund the channel again.
e.g. if you make a withdrawal on Coinbase (or another exchange) and they have a path of payment channels to that channel, they can use that channel to replenish the funds "on your side" in that channel.

Ideally, you can keep a single channel open for months or even years.

>DAG coin
>good

lol dag is shit, enjoy your buggy POS that isn't even a blockchain

This is not reddit you little faggot

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Try making 'free' nano transactions on a credit card. That's right you can't. The whole tech is bullshit. Praise XLM if you want that type of coin. Ripple would've been good but the jews own too much of it already.

The other big thing is that payments need liquidity much more than not paying fees. Stellar takes $0.000001 fees, but you're likely to use their system over Nano considering that if you want to sell $1M worth of Nano you crash the price that literally has $5M daily volume lol. Nano autistically focuses on "feeless" solving a problem that doesn't exist while having a million other problems related to liquidity and volatility.

Nano confirmed reddit coin.

You'd be a fool not to hold some of this.
>feeless
is revolutionary in crypto and the only competitor (iota) is garbage. In fact most false nano fud is actually true of iota.

EOS and Steem are also feeless but nice try

>liquidity
This is the stupidest argument when speculating about the future. It's irrelevant, same as being concerned about volatility.

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Lol if you pretend the problems don't exist they don't magically disappear in time, when you coin fails to accomplish its only goal without worldwide adoption of an otherwise useless coin

Fucking dumbass...nodes don't get rewards u fucking tard

>25 posts by this ID
why are you such a faggot and spend hours a day shitting up every nano thread? is this your job or something?

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>No, you can fund the channel again.

I don't think that's true. You can't top up channels.

Luke is right. Most people don't even understand why use decentralized systems

See:
Also, that's not the point. See: