You said to buy it, /biz
Still waiting for this shitcoin to go up
sold at 26$, nothing personnel kid
I know you have no reason to believe me, but there will be news soon. Stay calm and be patient.
They need to release the wallets ASAP.
We seem to be nearing the end of this wedge. Be prepared to act accordingly.
Give it time, my fiend. If NANO doesn't explode in 8 months, my papa is a fool.
The wedge is complete June 6th. Fitting, isn't it?
why do i only see FUD for this crypto on biz? i don't own any, but the team seems very competent and committed. and as we know, it has feeless and instant transactions. but all biz does is repeat it is "reddit coin" or some shit. i wonder if it's all coordinated FUD or if biz is just that retarded
always do the oppozite of /biz
People are just impatient and theres too much noise to weed out the legitimate criticisms. I don't think it's coordinated, just group think.
That being said I know nothing about nano at all.
Their DPoS doesn't work.
There is no reason for people to vote for other representatives.
Recently there was stress test that reached 16 tps and most of the nodes crashed.
The reason this coin is fast is that it is centralized and devs control most of the network and have powerful hardware on nodes.
If they somehow manage to decentralize the network it will become much slower. That is because in order to keep it fast representatives have to run powerful hardware on nodes.
That won't happen because there are no incentives for representatives to run and upgrade nodes.
Oh, and It's free to spam the network with transactions.
So basically they have broken DPoS with no incentives for voters and delegates.
In my opinion block lattice itself could work for other coin with different structure.
Take DPoS from Ark, maybe dual coin structure from Neo but without cap on "gas" that would be used as currency.
Holders would be voting on delegates and generating currency.
Delegates would be generating more currency and sharing with holders that voted for them.
Main token could be on blockchain and currency on block lattice.
If someone makes a token like that, let me know.
uhhh ive only seen thread creators tell people to buy nano since 7k sats because muh oversold then they just get shit on by everyone in the thread
whats the point of nano if eos delivers on their TXs and zero fees?
from a TA perspective why would you buy a coin thats in reverse price discovery? dear god let it find a floor. if its still 5.5k sats in 10 days or so then maybe you can consider buying it. if i wanted to be risky i would buy max 25% of my position here and wait a week to buy anymore. if it breaks 5.2 this is going straight to the gutter
skycoin
if i didn't know better it sounds like you're intentionally lying. i've been following this awhile and never heard of a 16tps node crash.
there was one stress test at 700 tps for one node. that doesn't represent the capacity of the whole network, only the capacity of the sending nodes for that test, since the pow is designed to prevent too much spam the same way bitcoin works in a way.
>The reason this coin is fast is that it is centralized
Wrong. It's fast because the protocol is lightweight as possible, not even keeping timestamps in the protocol to save space.
It's fast because of the DAG account architecture.
> devs control most of the network and have powerful hardware on nodes.
Wrong. there are thousands of nodes. only the receiving account and the sending account do proof of work to verify, so the host node CPU is minimally strained. The heavy requirements are bandwidth, not CPU power, as rep nodes only verify signatures
source: page 7
raiblocks.net
If there was no incentive to run a node there would not be thousands of nodes. it's basically the dumbest FUD out there.
>Oh, and It's free to spam the network with transactions.
All they have to do is keep the PoW high enough that you can't spam too many transactions. $1 will pay for about 100 billion transactions in hard drive space (forget exact number but this is pretty close)
why would you buy a coin thats in reverse price discovery?
>if i didn't know better it sounds like you're intentionally lying. i've been following this awhile and never heard of a 16tps node crash.
reddit.com
Network got wrecked by 16 tps, a quarter of the nodes got fucked up. Noone wants to talk about this on reddit but nano is fucked up. The devs organised the competition on binance so they could have liquidity to cash out.
>It's fast because of the DAG account architecture.
It's fast because transactions don't need confirmation initially.
Votes only happen when fork is discovered and then then delegate who first discovers it broadcasts it to the network.
And yes, you need strong hardware to verify transactions.
Yes, block lattice is a lot more light weight than blockchain and allow for "easy" implementation of pruning. Their structure of incentives is just broken.
>1vCore, 2GB RAM and 20 GB HDD
Okay that's a little disappointing, that the memory requirements seem to be more than advertised, but they're basically trying to run a full node on a shitcan.
Imagine if you tried to run a bitcoin node on that same hardware.
16 tps isn't a measurement of the full network capacity, it just means the people running nodes on their raspberry pis will not be able to keep a full node. The question is how much tps can the network handle while still keeping 100 nodes online. That's completely unknown and hard to test without... well an order of magnitude more users
If you want real FUD take a look at this
Yes. That's why you need delegates with powerful nodes If you want Nano to scale.
And how do you encourage every delegate to keep their hardware in tip top shape? Incentives.
That's why I mentioned the structure of DPoS Ark has.
yeah i just addressed it. Anyone is free to try to run a node on a raspberry pi. I'm not surprised when 25 percent of the network is running on the equivalent of a pi.
It's like bringing a ford pinto to a drag race and being surprised when it loses the race.
The real question is if honda civics will be able to handle 2000 tps.. so far no one has produced a stress test to bring down the average nodes with more than 2 GB in memory down.
16 tps is not the network capacity, it was the sender capacity, since transactions are limited by POW, which is designed to be difficult.
It's a 2014 shitcoin that got pumped and dumped on a fraudulent exchange and reddit became obsessed with this scam spamming how its NEW TECHNOLOGY
Its a broken shitcoin that has never worked correctly on exchanges
EOS is an ERC20 token and it doesn't even try to be decentralized
Wrong on so many levels. All blocks are voted on; verifying a tx can be done for tens of thousands of tps. You don't know shit what you're speaking about. Stay fudding, faggot
Hunting the ATL on Nano
It already happened. It'll only go up from here
I held from ATH to now, IT IS PERSONAL NOW, choose your weapon.
I might be wrong about that.
That doesn't change the fact that In order for Nano to succeed and scale representatives have to have a reason to run powerful hardware on nodes.
The current limitation of tps is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the tps limit.
Unless you can day trade really well in this bear market youll just have to hold and wait a year or two for the gains you want.