I can't motherflippng believe this is 3 dollars right now. I bought at $25. I had half a million dollars. what the FUCK

Nano is cancer scam. Stay away.

because a big amount of the nano coins had been stolen via bitgrail scam?

it's the least sincere project of crypto
>forgotten 2014 shitcoin
>distributed to pajeets through captcha solving
>only one semi-broken exchange place for it, with very limited supply
>autists see the potential for manipulation and start a shill campaign on Jow Forums
>price rises from cents to dollars
>reddit picks it up
>listed on kucoin
>...
"free transaction fees" is a fundamentally flawed idea by design. bitcoin has fees not because this is a technical requirement, but because truly trustless networks can only exist through rational economic incentives
i guarantee you even the raiblocks developers knew that. then they saw a hobby project they did a pasttime explode and make them millionaires, and it became hard to say no to this wealth. their thought process goes: now we've got the opportunity to make this as good as it can be, but at the same time the whole thing relies on them lying to themselves about the fundamentals of their project

There are rational economic incentives for running Nano nodes, but they are less direct than the clear incentives provided by fees. Like if you're a business owner who could get more business by accepting NANO, it would make sense to allocate a portion of those profits to running a node. It's difficult to predict if this would actually work or if it would be overwhelmed by freeloaders, I think people just need to wait and see how it all plays out. It does remind me a little bit of communism though.

You people forgot that it wasnt just nano going up but also btc and eth. They were thrice as high and thus was nano and literally anything else.

ye. but it is not why it's crashing. it's the bitgrail hack.

>Less direct

And that’s the problem. Doing ecommerce shouldn’t have some indirect mechanism. It should be “I add thing, I get money” not “I painstakingly set up a node and then have a volatile currency to accept.”

NANO fucking sucks.

>le 7000tps :^)
>16tps stress test takes out 1/3 of the nodes

kek

Does that make the project a scam you fucking nerd? No. Hence there's no reason to call the project a scam.

Yes it does, people believe in it because they don't understand the fundamentals, the developers seeing a cash cow try to market it knowing fullwell that it will never truly launch but will still give them riches. In the end leaving a legion of deluded bag holders whispering with a lisp zero fees, instant transactions... As any monetary value it once held dwindles to zero, much like its fees

>1 post by this id
i don't believe u

but what have you learned?

Ironically by being shilled so hard on reddit I was repulsed enough to sell mine a long time ago. Thanks I guess.

>bitgrail hacker
>posts link to address that bought nano on mercatox back in april 2017
the absolute state of biz

OUCH!

thanks, you made me rich, boi
I bought under a dollar and sold at ~$22

i fucking sold.