Nano is what Bitcoin hoped to be
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Nano is what Bitcoin hoped to be
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Re: Nano is what Bitcoin hoped to be
#2But Nano has a fixed supply, which given what we now know of Bitcoin acts as a serious disincentive for actual use. Nobody's going to spend a currency if its value fluctuates wildly based on speculative investment booms and busts, and Nano has gone up 700% since the beginning of January:
Re: Nano is what Bitcoin hoped to be
#3But Nano has a fixed supply, which given what we now know of Bitcoin acts as a serious disincentive for actual use. Nobody's going to spend a currency if its value fluctuates wildly based on speculative investment booms and busts, and Nano has gone up 700% since the beginning of January: https://www.coindesk.com/price/nano
Yep, Nano is useless as a currency.
Re: Nano is what Bitcoin hoped to be
#4Nano sounds interesting. Whitepaper at https://content.nano.org/whitepaper/Nano_Whitepaper_en.pdf
Has there been peer review? Does it support smart contracts? How does its consensus algorithm (and the other parts) compare to Avalanche? It sounds as if Nano is still vulnerable to a 51% attack. Does it lead to a catastrophic compromise?
Re: Nano is what Bitcoin hoped to be
#5Monero is what everyone thinks BTC is
Re: Nano is what Bitcoin hoped to be
#6[deleted]
Re: Nano is what Bitcoin hoped to be
#7Monero is what everyone thinks BTC is
Schnorr signatures make bitcoin coinjoin transactions as efficient as Monero.
Monero on the other hand might have problems with scaling because off-chain infrastructure like Lightning does not exist yet.
Re: Nano is what Bitcoin hoped to be
#8But Nano has a fixed supply, which given what we now know of Bitcoin acts as a serious disincentive for actual use. Nobody's going to spend a currency if its value fluctuates wildly based on speculative investment booms and busts, and Nano has gone up 700% since the beginning of January: https://www.coindesk.com/price/nano
Yep, Nano is useless as a currency.
Do you guys think cutting pizza into more slices feeds more people too?
For the record, Nano is the most useful and currency-like of the many crypto coins that I have seen.
Re: Nano is what Bitcoin hoped to be
#9> Nano only uses PoW as a means to discourage spammers similar to how it's used in emails.
Email does not use any such scheme. Although people have invented a couple of things along these lines (most notably, Hashcash was an email thing a decade before it was used in Bitcoin), none is widely deployed or likely to be any time soon. Yes, there is some cryptography preventing counterfeiting emails (DKIM, ARC), but that’s just signing, not deliberately-expensive-to-compute proof of work hashing.
Re: Nano is what Bitcoin hoped to be
#10Earlier quoted context omitted.
Yep, Nano is useless as a currency.
Do you guys think cutting pizza into more slices feeds more people too? For the record, Nano is the most useful and currency-like of the many crypto coins that I have seen.
If one person has all the pizza and you cut it into more pieces and give it to other people wouldn't it feed more people?